8th january,2014 daily global rice e newsletter by riceplus magazine

8th January, 2014

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TABLE-India Grain Prices-Delhi-Jan 08
Nigeria: Rice Dealers Appeal for Deadline Extension
Nagpur Foodgrain Prices Open-Jan 08
Higher food prices push up inflation
Indonesia needs to import more foodstuffs except rice

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NEWS DETAILS:
TABLE-India Grain Prices-Delhi-Jan 08
Wed Jan 8, 2014 3:03pm IST
TABLE-India Grain Prices - Delhi - Jan 08
Rates by Asian News International, New Delhi
Tel: 011 2619 1464
Indicative
Previous
Grains
opening
close
(in rupees per 100 kg unless stated)
---------------------------------------------------------Wheat Desi
2,000-3,000 2,000-3,000.
Wheat Dara
1,725-1,825 1,725-1,825.
Atta Chakki (per 10 Kg)
215-240
215-240.
Roller Mill (per bag)
1,750-1,900 1,750-1,900.
Maida (per bag)
1,950-2,050 1,910-2,015.
Sooji (per bag)
1,900-2,000 1,900-2,000.
Rice Basmati(Sri Lal Mahal) 12,000-14,500 12,050-14,500
Rice Basmati(Lal Quila) 12,000-14,400 12,000-14,400
Rice Basmati(Common)
8,400-9,400 8,400-9,400.
Rice Permal
2,100-2,400 2,100-2,400.
Rice Sela
2,850-3,000 2,800-2,950.
I.R.-8
1,850-2,000 1,850-2,000.
Gram
3,100-3,200 3,100-3,200.
Peas Green
3,300-3,700 3,350-3,650.
Peas White
2,800-3,000 2,800-3,000.
Bajra
1,300-1,650 1,300-1,650.
Jowar white
1,500-2,200 1,550-2,250.
Maize
1,400-1,600 1,400-1,600.
Barley
1,350-1,425 1,350-1,425.
Guwar
3,300-3,900 3,300-3,900.
Source: Delhi grain market traders.

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Nigeria: Rice Dealers Appeal for Deadline Extension
8 JANUARY 2014

Rice dealers yesterday appealed to the federal government to extend the deadline for the proposed ban on the
importation of rice from 2015 to 2019.The dealers, who made the appeal while speaking with the News Agency
of Nigeria (NAN) in Asaba, the Delta State Capital, said the extension would give rice farmers ample time to
prepare themselves to begin large-scale rice production.Although they lauded the policy, they, however, argued
the 2015 proposed deadline for the ban to take effect was not realistic.According to them, if the ban goes ahead
as planned, it will lead to scarcity of the commodity and worsen the hardship being experienced by
Nigerians.Mr. Jude Eze, a rice dealer at the Asaba Ogbeogonogo modern market said: "The initiative is a very
good one and a welcome development but 2015 is just by the corner."But my greatest challenge is that our local
rice is not available in commercial quantity for now.
"More than 90 per cent of the rice we consume in this country is imported rice while the locally produced rice
for now can hardly take care of 10 per cent of the population of the country. "And if this proposed policy is
implemented in 2015, it will bring about scarcity of rice in the country," Eze said.Another rice dealer, Mr
Phillip Orakwe, said the time for the commencement of the ban too short, adding that the rice farmers in the
country had not fully developed their strategies to guarantee commercial production of the
commodity.According to him, only some few states in the northern part of the country and in the South East
were already into serious rice production."The quantity of rice production cannot be commensurate with the
consumption demand.
"Every family in Nigeria eats rice at least three times a week and with the Nigeria population, it will be very
difficult for the local rice producers in this country to take care of the demand for now," he said.Mrs Judith
Ayeni urged the federal government to heed the call for extension of the time and also introduce incentives that
would encourage people to go into large-scale rice production. "When more farmers become involved in largescale rice production, it will go a long way to boost the production of the commodity in the country."When we
have local rice in large quantity in the country, the effect of the ban on the importation of rice will be minimal,"
she added. Ayeni also appealed to the federal government to encourage the growth of the local rice mills in the
country.

Nagpur Foodgrain Prices Open-Jan 08
Wed Jan 8, 2014 3:11pm IST
Nagpur, Jan 8 (Reuters) - Gram prices in Nagpur Agriculture Produce and Marketing Committee
(APMC) continued reported weak on poor demand from local millers amid poor quality arrival. Easy
condition on NCDEX and fresh fall in Madhya Pradesh gram prices also pushed down prices in thin
trading activity, according to sources.
*

*

*

*

Cell # 92 321 369 2874

FOODGRAINS & PULSES
GRAM
* Gram mill quality declined in open market on lack of buying support from local
traders amid release of stock from stockists.
TUAR
* Tuar varieties quoted steady in open market on subdued demand from local traders
amid increased overseas supply.
* Rice Swarna reported strong in open market on renewed marriage season demand from
local traders amid tight supply from producing regions like Chhatisgarh and Madhya
Pradesh.
* In Akola, Tuar - 4,100-4,200, Tuar dal - 6,200-6,400, Udid at 5,000-5,300,
Udid Mogar (clean) - 6,100-6,600, Moong - 6,800-7,000, Moong Mogar
(clean) 8,200-8,400, Gram - 2,600-2,700, Gram Super best bold - 3,600-3,800
for 100 kg.
* Wheat, other varieties of rice and other commodities remained steady in open market
in thin trading activity, according to sources.
Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg
FOODGRAINS
Available prices Previous close
Gram Auction
2,500-2,550
2,520-2,590
Gram Pink Auction
n.a.
2,100-2,600
Tuar Auction
n.a.
3,800-4,050
Moong Auction
n.a.
4,400-4,600
Udid Auction
n.a.
4,300-4,500
Masoor Auction
n.a.
2,600-2,800
Gram Super Best Bold
3,800-4,000
3,800-4,000
Gram Super Best
n.a.
Gram Medium Best
3,500-3,700
3,500-3,700
Gram Dal Medium
n.a.
n.a.
Gram Mill Quality
3,250-3,350
3,300-3,400
Desi gram Raw
2,800-2,900
2,800-2,900
Gram Filter Yellow
n.a.
n.a.
Gram Kabuli
7,800-10,200
7,800-10,200
Gram Pink
7,700-8,100
7,700-8,100
Tuar Fataka Best
6,600-6,800
6,600-6,800
Tuar Fataka Medium
6,100-6,300
6,100-6,300

Cell # 92 321 369 2874

Tuar Dal Best Phod
5,800-6,000
5,800-6,000
Tuar Dal Medium phod
5,400-5,600
5,400-5,600
Tuar Gavarani
4,300-4,400
4,300-4,400
Tuar Karnataka
4,400-4,500
4,400-4,500
Tuar Black
7,000-7,100
7,000-7,100
Masoor dal best
5,400-5,500
5,400-5,500
Masoor dal medium
5,100-5,200
5,100-5,200
Masoor
n.a.
n.a.
Moong Mogar bold
8,600-8,800
8,600-8,800
Moong Mogar Medium best
7,900-8,200
7,900-8,200
Moong dal super best
7,300-7,600
7,300-7,600
Moong dal Chilka
6,800-7,000
6,800-7,000
Moong Mill quality
n.a.
n.a.
Moong Chamki best
6,200-7,000
6,000-6,800
Udid Mogar Super best (100 INR/KG) 6,800-7,000
6,800-7,000
Udid Mogar Medium (100 INR/KG) 5,400-6,200
5,400-6,200
Udid Dal Black (100 INR/KG)
4,600-4,800
4,600-4,800
Batri dal (100 INR/KG)
3,800-4,000
3,800-4,000
Lakhodi dal (100 INR/kg)
3,000-3,100
3,000-3,100
Watana Dal (100 INR/KG)
3,200-3,300
3,200-3,300
Watana White (100 INR/KG)
3,200-3,300
3,100-3,200
Watana Green Best (100 INR/KG) 4,100-4,500
4,100-4,500
Wheat 308 (100 INR/KG)
1,750-1,850
1,750-1,850
Wheat Mill quality(100 INR/KG) 1,700-1,750
1,700-1,750
Wheat Filter (100 INR/KG)
1,700-1,900
1,700-1,900
Wheat Lokwan best (100 INR/KG) 2,000-2,500
2,000-2,500
Wheat Lokwan medium (100 INR/KG) 1,950-2,100
1,950-2,100
Lokwan Hath Binar (100 INR/KG) n.a.
n.a.
MP Sharbati Best (100 INR/KG) 3,200-3,600
3,200-3,600
MP Sharbati Medium (100 INR/KG) 2,700-2,900
2,700-2,900
Wheat 147 (100 INR/KG)
1,550-1,650
1,550-1,650
Wheat Best (100 INR/KG)
1,600-1,700
1,600-1,700
Rice BPT (100 INR/KG)
3,000-3,300
3,000-3,300
Rice Parmal (100 INR/KG)
1,800-1,850
1,800-1,850
Rice Swarna Best (100 INR/KG) 2,600-2,700
2,500-2,650
Rice Swarna Medium (100 INR/KG) 2,300-2,450
2,250-2,400
Rice HMT (100 INR/KG)
4,100-4,400
4,100-4,400
Rice HMT Shriram (100 INR/KG) 4,500-5,000
4,800-5,000
Rice Basmati best (100 INR/KG) 11,000-13,500
11,000-13,500
Rice Basmati Medium (100 INR/KG) 6,300-7,600
6,300-7,600
Rice Chinnor (100 INR/KG)
5,500-5,800
5,500-5,800
Rice Chinnor Medium (100 INR/KG) 5,100-5,300
5,100-5,300

Cell # 92 321 369 2874

Jowar Gavarani (100 INR/KG)
1,450-1,600
1,450-1,600
Jowar CH-5 (100 INR/KG)
1,750-1,850
1,750-1,850
WEATHER (NAGPUR)
Maximum temp. 27.2 degree Celsius (81.1 degree Fahrenheit), minimum temp.
13.1 degree Celsius (55.6 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : nil
FORECAST: Clear sky. Maximum and Minimum temperature likely to be around 28 and 14 degree
Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)

Higher food prices push up inflation
The rate rises to 7.35pc in December
Rejaul Karim Byron
Like the previous months, inflation rose in December also mainly due to a hike in food prices, especially
rice.Inflation went up by 0.20 percentage point to 7.35 percent in December compared to the previous month,
while food inflation increased by 0.45 percentage point to 9 percent, according to Bangladesh Bureau of
Statistics (BBS).

However, non-food inflation fell by 0.80 percentage point to 4.88 percent in the month.Rice prices marked a
rise by 6-14 percent in 2013, according to Trading Corporation of Bangladesh.However, flour prices decreased
by 1-4 percent during the period as most people consume rice.BBS Director General Golam Mostafa Kamal
said severe political unrest in the last two months has brought the supply chain to its knees, leading to a price
hike.Most rice mills across the country also remained closed during unrest which also caused a rise in the prices
of the staple, he said.Hassan Zaman, chief economist at Bangladesh Bank, said the rise in inflation is clearly of
concern with the rise in food prices driven by the supply disruptions, higher costs of production and the fact that
Indian inflation has risen sharply in the past few months.At a time when food inflation is on the rise, the wage
rate decreased in the manufacturing and agriculture sectors that employ a big portion of the total
workforce.According to BBS data, in case of the manufacturing industry, the wage rate fell by 0.01 percentage
point and stood at 1.11 percent in December compared to the previous month.

Cell # 92 321 369 2874

In the agriculture sector, the wage rate dropped by 0.73 percentage point to 0.33 percent. The BB economist
said, “Higher food prices affect the urban poor the most and therefore programmes such as the Open Market
Sales (OMS) of subsidised rice should be scaled up.”However, about the reason behind the fall in non-food
inflation, Zaman said it is likely due to lower aggregate demand because of dampened economic activities and
consumer
spending
over
the
past
month.
Zahid Hussain, lead economist at World Bank's Dhaka office, said the continuous blockades and shutdowns
caused more decline in the incomes of the poor.Hussain said when the poor people's incomes fall the first option
they go for is cutting back on non-food consumption.BBS Director Abul Kalam Azad also said the fall in nonfood inflation is an effect of political disruption. People's expenditure on fuel, recreation and other purposes has
decreased due to unrest.
Due to blockades and strikes people are also unable to spend on transportation, Azad said.According to the
BBS, the rise in food inflation in December was much higher in rural areas than that in urban areas.It increased
by 0.60 percentage point in rural areas, but in urban areas it rose by 0.22 percentage point.WB's Hussain said
the supply chain disruptions hit the rural areas hard this time.Food items imported through land ports could be
supplied to the urban areas under protection of the law enforcing agencies, but those could not be carried to the
rural areas so easily. As a result, the prices of food items increased more in the rural areas, Hussain said.
Published: 12:01 am Wednesday, January 08, 2014

Indonesia needs to import more foodstuffs except rice
News Desk

The Jakarta Post
Publication Date : 08-01-2014

Indonesia will still need to import many essential food items like beef, sugar and soybeans this year but not rice,
thanks to a combination of rising output and sufficient stocks.Agriculture Minister Suswono said Tuesday that
production of unhusked rice would increase by 8 per cent to 76.57 million tonnes this year from 70.87 million
in 2013, while the nation still had a stock carry-over of 2 million tonnes at the end of last year.The ministry has
previously reported that the average national demand for rice is around 34 million tonnes per year, while 70
million tonnes of unhusked rice is equal to 39 million tonnes of rice.
“So, I can guarantee that we will not be importing our main staple food this year,” he said while opening the
national agriculture development working meeting at the ministry’s office.State Logistics Agency (Bulog)
president director Sutarto Alimoeso said, however, that his agency did not know yet if the government would
have to import rice this year.“We need to see our production capacity first. The production may drop this year if
the climate is not favourable,” he said.Bulog did not import rice last year because the national output
sufficiently met demand, Sutarto said.“The last time the government imported rice was in 2012. Last year’s

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imports were done by private companies,” he said.Suswono said that he was optimistic that the national rice
output would increase this year, given the forecast of a favourable global climate, along with the subsidies and
even distribution of fertilisers and seeds.He said that the government allocated 21.05 trillion rupiah (US$1.72
billion) and 1.56 trillion rupiah for fertiliser and seed subsidies, respectively.
However, he said Indonesia would continue to import beef, sugar and soybeans because local production had
not met demand yet.Last year, the country produced 0.43 million tonnes of beef while local demand reached
0.55 million tonnes, Suswono said.The country also could not meet the local demand for soybeans, the main
ingredient in making the popular dish tempeh (fermented soy cake).“Soybean production dropped 3.5 per cent
to 0.81 million tonnes last year from 0.84 million tonnes in 2012,” Suswono said, adding that the local demand
for soybeans reached 2.5 million tonnes per year.The production of sugar met the annual household demand of
384,300 tonnes last year, but not for industrial needs, he said.He said the country produced 2.54 million tonnes
of sugar last year, but total national demand for sugar reached 5.8 million tonnes.Suswono blamed land
conversion and heavy rain as factors that decreased the total production of sugar and soybeans last
year.“Around 100,000 hectares of farm land was converted into industrial land or housing areas last year.
Therefore, we did not have enough land to plant sugarcane and soybeans,” he said, adding that local
administrations had to actively control farm land-use in their respective areas.

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8th january,2014 daily global rice e newsletter by riceplus magazine