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Daily Global, Regional & Local Rice E-Newsletter

January 14, 2016

Vol 6 Issue I

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Daily Global, Regional & Local Rice E-Newsletter

Today Rice News Headlines...

Editorial Board
Chief Editor

BPL families set to get subsidized sugar soon


USA Rice Outlines 2016 Legislative Priorities
APEDA Rice commodity News
Educational opportunities at Mid-South Farm & Gin Show
Chhattisgarh develops rice variety to fight malnutrition, drought
Arkansas Crop Production Down For Most 2015 Commodities
Three executives and four firms indicted in fake G-to-G rice deal
Top 10 this week: Beltwide, El Nio, hybrid rice, flooding, more
Nagpur Foodgrain Prices Open-Jan 14
Asia races to find drought-resistant rice
Rice millers to be charged over pledging scheme
Coming up with right varieties crucial to tropical Queensland's rice
future, Rice Research Australia manager says
Brunei Develops Inbred Drought-Tolerant and High Yielding Rice
Variety
Commodities Buzz : Vietnam Reduces Rice Cultivation Area For
2016
Rice millers to be charged over pledging scheme
Arkansas Farm Bureau Daily Commodity Report
Seaweed Extract May Boost Rice Production
N10billion investment expected in Cross River rice project

Managing Editor

BPL families set to get subsidized sugar soon


Vithika Salomi | TNN | Jan 14, 2016, 10.38 PM IST
Patna: The Bihar government will soon provide subsidized sugar to BPL families
in the state covered under the National Food Security Act (FSA). State food and
consumer protection minister Madan Sahni said though the modalities are still to
be finalized, every poor family will get about 1.5kg of sugar per month for Rs
18.50.Addressing a press meet, Sahni said, "Till now, only subsidized wheat, rice
and kerosene were made available to the FSA beneficiaries. But, very soon, the
government will also provide sugar to them, so that the poor too can prepare sweet
dishes."Attacking the opposition parties for trying to corner the government on
paddy procurement, Sahni said, "We have set a target of 30 lakh tonnes. Till date,
about 60,000 tonnes of paddy have been procured.

Abdul Sattar Shah


Rahmat Ullah
Rozeen Shaukat

English Editor

Maryam Editor
Legal Advisor
Advocate Zaheer Minhas

Editorial Associates

Admiral (R) Hamid Khalid


Javed Islam Agha
Ch.Hamid Malhi
Dr.Akhtar Hussain
Dr.Fayyaz Ahmad Siddiqui
Dr.Abdul Rasheed (UAF)
Islam Akhtar Khan

Editorial Advisory Board

News Detail...

Hamlik

Dr.Malik Mohammad
Hashim

Assistant Professor, Gomal


University DIK

Dr.Hasina Gul

Assistant Director, Agriculture KPK

Dr.Hidayat Ullah

Assistant Professor, University


of Swabi

Dr.Abdul Basir

Assistant Professor, University


of Swabi

Zahid Mehmood
PSO,NIFA Peshawar

Falak Naz Shah

Head Food Science &


Technology ART, Peshawar

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The figures are better than last year and we will achieve the target by the end of the procurement
season." The government has also formed a team to look into any irregularities or complaints
related to paddy procurement.The state government had dues outstanding with 2,024 rice millers.
Of them, FIRs have been lodged against 1,197, while 199 have been arrested, 836 surrendered
and speedy trial is underway against 95. "A total of Rs 1,583.29 crore was due with the millers,
of which Rs 241.46 crore has been paid by 331 millers," Sahni said and added that no work will
be taken from the defaulting millers. "More than 1,800 other millers have registered this year and
offered their services to the government."At present, about 8.57 crore people in Bihar are
covered under the FSA and anyone whose ration card is yet to be made can get it made at the
RTPS (Right To Public Service) counters across the state.
"We are also working to link the ration card of beneficiaries with their Aadhaar numbers, besides
introducing new PDS control in the next one or two months to plug all the loopholes in the
FSA," state food and consumer protection secretary Pankaj Kumar said and added that the ration
coupon scheme has been received well by the people.The department will also distribute
Android-based mobile phones to its officials at the block, district and state level so that they can
monitor PDS and update the inspection inputs in real time.
Refuting the claims that Food Corporation of India (FCI) has been asked not to procure paddy,
Sahni said, "Since farmers are closely associated with primary agriculture cooperative societies
(PACS), the state government has decided that 90% procurement should be done by PACS and
'Vyapar Mandal', while FCI will do the remaining 10% procurement."
http://timesofindia.indiatimes.com/city/patna/BPL-families-set-to-get-subsidized-sugarsoon/articleshow/50582263.cms

USA Rice Outlines 2016 Legislative Priorities


By Peter Bachmann

WASHINGTON, DC -- After nearly a month-long recess, the U.S. Senate returned to the
Capitolon Monday following their counterparts in the House of Representatives who kicked off
their legislative year the previous week.As Congress begins work on their legislative agenda,
USA Rice is finalizing priorities and planning for the year ahead.Ben Mosely, USA Rice vice
president of government affairs, shared his thoughts on what the industry will focus on in 2016,
saying, "Obviously, protecting the great work we accomplished in the 2014 Farm Bill will be a
strong priority for us.
With such a weak farm economy, the Title I (Commodity Title) safety net programs built into the
Farm Bill are all that's keeping some producers in business until the markets make a turn for the
better."On the same note, reducing the burden on rice operations that will result from the new
Actively Engaged in Farming regulations will be near the top of our list. In addition, we are
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continuously advocating for the Market Access Program and Foreign Market Development
funding that are vital to the industry and have proven to be well worth the investment by
Congress."
In addition to Farm Bill-related legislation, Mosely mentioned several other priorities for the
rice industry: "We want to ensure that global rice trade is being legitimately regulated by the
World Trade Organization in a fair and legal fashion, and we need to press for policies that will
reverse the trend of U.S. exports losing market share to the bad actors. USA Rice will remain
the leader in calling for a lifting of the trade embargo between the U.S. and Cuba to help reopen
an important rice market. Keeping in-kind food aid contributions at their current levels is another
battle we're constantly engaged in, especially considering fortified rice was developed for food
aid programs and is currently underutilized. Also in the trade arena, while it looks as if the much
ballyhooed Trans Pacific Partnership is moving to Congress's back burner and likely won't see
action until after the 2016 elections, USA Rice will continue to monitor the deal and its
implications for U.S. rice."
Other priorities for USA Rice include reducing the regulatory burden on U.S. agriculture by
legislation such as the Waters of the U.S. (WOTUS) and other overly-duplicative EPA
regulations. We will continue to support the sound tax provisions made permanent in 2015 for
Section 179 and bonus depreciation that incentivize equipment and construction investments and
generate jobs on and off farms.
USA rice daily

APEDA Rice commodity News


International Benchmark Price
Price on: 11-01-2016

Product

Benchmark Indicators Name

Price

Chinese first grade granules, CFR NW Europe (USD/t)

2100

Chinese Grade A dehydrated flakes, CFR NW Europe (USD/t)

2000

Chinese powdered, CFR NW Europe (USD/t)

1800

Garlic

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Ginger
1

Chinese sliced, CIF NW Europe (USD/t)

2150

Chinese whole, CIF NW Europe (USD/t)

2300

Indian Cochin, CIF NW Europe (USD/t)

2850

Indian 100 mesh 3500 cps, FOB Kandla (USD/t)

3850

Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)

1250

Indian 200 mesh 5000 cps, FOB Kandla (USD/t)

2370

Guar Gum Powder

Source:agra-net

For more info

Market Watch
Commodity-wise, Market-wise Daily Price on 12-01-2016
Domestic Prices
Product

Unit Price : Rs per Qty

Market Center

Variety

Min Price

Max Price

Chala (Kerala)

Other

2480

2780

Dhing (Assam)

Common

1600

2000

Samsi (West Bengal)

Fine

2790

2820

Haveri (Karnataka)

Local

1620

1650

Kadi (Gujarat)

Other

1520

2000

Nagpur (Maharashtra)

Other

1500

1620

Taura (Haryana)

Other

2000

2500

Barnala (Punjab)

Other

2400

3000

Rice

Wheat

Mousambi

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3

Sultanpur (Uttar Pradesh)

Other

2400

2550

Bolangir (Orissa)

Other

1800

2000

Karad (Maharashtra)

Other

1000

1300

Sirhind (Punjab)

Other

400

600

Carrot

Source:agmarknet.nic.in

For more info

Egg

Rs per 100 No

Price on 13-01-2016
Product

Market Center

Price

Pune

430

Chittoor

413

Hyderabad

395

Source: e2necc.com

Other International Prices

Unit Price : US$ per package

Price on 13-01-2016
Product

Market Center

Origin

Variety

Low

Potatoes

High
Package: 50 lb cartons

Atlanta

Colorado

Russet

16

16.50

Chicago

California

Russet

28.50

28.50

Detroit

Idaho

Russet

13

14.50

Cucumbers

Package: cartons film wrapped

Atlanta

Mexico

Long Seedless

21.50

22.75

Chicago

Canada

Long Seedless

17

17.50

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3

Miami

Honduras

Long Seedless

9.50

Grapes

10
Package: 18 lb containers bagged

Atlanta

Peru

Red Globe

26

30.25

Chicago

Peru

Red Globe

23

25

Detroit

Peru

Red Globe

26

28

International Benchmark Price


Price on: 11-01-2016

Product

Benchmark Indicators Name

Price

Chinese first grade granules, CFR NW Europe (USD/t)

2100

Chinese Grade A dehydrated flakes, CFR NW Europe (USD/t)

2000

Chinese powdered, CFR NW Europe (USD/t)

1800

Chinese sliced, CIF NW Europe (USD/t)

2150

Chinese whole, CIF NW Europe (USD/t)

2300

Indian Cochin, CIF NW Europe (USD/t)

2850

Indian 100 mesh 3500 cps, FOB Kandla (USD/t)

3850

Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)

1250

Indian 200 mesh 5000 cps, FOB Kandla (USD/t)

2370

Garlic

Ginger

Guar Gum Powder

Source:agra-net

For more info

Market Watch
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Commodity-wise, Market-wise Daily Price on 14-01-2016
Domestic Prices
Product

Unit Price : Rs per Qty

Market Center

Variety

Min Price

Max Price

Gulbarga (Karnataka)

Hybrid

1455

2185

Barshi (Maharashtra)

Other

1600

3200

Theni (Tamil Nadu)

Other

1560

1620

Haveri (Karnataka)

Local

1420

1420

Kota (Rajasthan)

Other

1471

1510

Rahata (Maharashtra)

Other

1350

1350

Manjeri (Kerala)

Other

1800

2000

Shrirampur (Maharashtra)

Other

1500

2000

Barnala (Punjab)

Other

2000

2500

Aroor (Kerala)

Other

2300

2500

Jalgaon (Maharashtra)

Other

900

1600

Bonai (Orissa)

Other

2000

2000

Jowar(Sorgham)

Maize

Orange

Cucumbar

Source:agmarknet.nic.in

For more info

Egg

Rs per 100 No
Price on 14-01-2016
Product

Market Center

Price

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1

Chittoor

413

Hyderabad

395

Namakkal

402

Source: e2necc.com

Other International Prices

Unit Price : US$ per package


Price on 13-01-2016

Product

Market Center

Origin

Variety

Low

Potatoes

High
Package: 50 lb cartons

Atlanta

Colorado

Russet

16

16.50

Chicago

California

Russet

28.50

28.50

Detroit

Idaho

Russet

13

14.50

Cucumbers

Package: cartons film wrapped

Atlanta

Mexico

Long Seedless

21.50

22.75

Chicago

Canada

Long Seedless

17

17.50

Miami

Honduras

Long Seedless

9.50

10

Grapes

Package: 18 lb containers bagged

Atlanta

Peru

Red Globe

26

30.25

Chicago

Peru

Red Globe

23

25

Detroit

Peru

Red Globe

26

28

Source:USDA

Educational opportunities at Mid-South Farm & Gin Show


Feb. 26-27, Memphis

Jan 13, 2016Farm Press Staff | Delta Farm Press


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At the Mid-South Farm and Gin


Show, 95 percent of the exhibit
space is dedicated to agricultural
products and services, a reality
that draws thousands of visitors
to the show each year. Another
major
attraction
is
the
opportunity to attend an array of
educational
seminars.Educational
opportunities abound at this
show, says Tim Price, show
manager and executive director
of the Southern Cotton Ginners, which sponsors the event, with Delta Farm Press as co-sponsor.
Each year, we develop two or three special seminars aimed at helping farmers to be more
profitable in some way. This years educational seminars include:
The Mid-South Ag Forum: Profitability and Stewardship
Together Through Technology will be held Friday, Feb. 26, at
1:30 p.m. Featured speakers include Mike Daniels, environmental
management specialist, University of Arkansas, Division of
Agriculture Cooperative Extension Service; Bill Robertson,
professor, cotton Extension agronomist, University of Arkansas
Division of Agriculture, Newport, Ark.; and Steve Stevens, farmer,
Desha County, Ark.At this seminar, you can learn from Extension specialists and farmers who
are seeing results about production techniques that enhance profitability while protecting and
enhancing natural resources, Price says.
Southern Corn Production Success 486 bushels per acre and counting!This seminar, to be
held at 11:30 a.m., Saturday, Feb. 27, will feature Valdosta, Ga., grower Randy Dowdy, the 2015
National Corn Growers Association corn yield contest winner, who will discuss the production
strategies he follows that focus on maximizing corn yield by minimizing the stress plants
experience throughout the growing season.His forward-thinking approach to corn production
challenges traditionally accepted practices and focuses on extracting as much yield as possible
from each planted seed, Price says. This seminar will cover Understanding Plant Physiology
and Components of Yield, Capturing Genetic Yield Potential, Alleviating Inevitable Stress a
Plant May Face, Nutrient Uptake: Understanding Timing vs. Availability, and Stepping Outside
Your Comfort Zone.
Special rice marketing seminar: What a Rice Farmer Needs to Know to Prosper, will be held
Saturday, Feb. 17, beginning at 1:30 p.m. Milo Hamilton, co-founder and senior agricultural
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economist of Firstgrain, Inc., will be the speaker. The formation of the rice price in the Delta is
not well understood, Price says. Rice futures are an Americas, not an Asian contract, and a lot
of the hype and worry are misdirected. Climate trends, water, and relative value of rice to other
things will drive the acreage planted in the U.S. and the profitability of growing rice in Brazil or
Arkansas.All special seminars will be held in the mezzanine level meeting room of the Cook
Convention Center.
Farmers interested in attending these sessions should pre-register for the show by visiting the
Farm and Gin Show website (www.farmandginshow.com). Click on Attendee Registration,
complete the form, and print out the confirmation form. Take that form to the show and staff onsite will help complete the process and provide a name badge for entry onto the show floor.
Show hours are 9 a.m. to 5 p.m. Friday and 9 a.m. to 4:30 p.m. Saturday. More information is
available at www.farmandginshow.com.
http://deltafarmpress.com/soybeans/educational-opportunities-mid-south-farm-gin-show

Chhattisgarh develops rice variety to fight malnutrition,


drought
Zinc Rice-1 is first zinc bio-fortified rice variety in country
R Krishna Das

| Raipur

January 15, 2016

Last Updated at 13:15 IST

Chhattisgarhs agriculture scientists have developed a rice variety with high zinc content that
would be of great use to deal with the malnutrition. A team of researchers from Raipur-based
Indira Gandhi Agriculture University (IGAU)-led by Professor Girish Chandel have explored the
two varieties of high zinc rice of which one has been recently released. The variety had been
named Chhattisgarh Zinc Rice-1, the first zinc bio-fortified rice variety in country. The
variety discovered with the rich zinc content will have a maturity period of 110 days and will be
suitable in adverse climatic condition, Chandel told Business Standard. Even in the drought
condition, the variety would give a good yield, he said, adding that the productivity of the paddy
is expected to be about 50 quintal per hectare.
The proposal had been sent to the Central Variety Release Committee (CVRC) for the
notification of the seed that had already been approved by the state-level committee facilitating
its distribution within the state.The authorities had distributed seeds to 2,500 farmers across the
state of Chhattisgarh for trial and response from the farmers. After getting the approval, the
commercial production of seed would start for distribution beyond state boundary.
According to Chandel, the zinc content in the paddy variety would vary from 22-24 parts per
million (PPM) that would be about 8-9 PPM more than the regular variety available in the
country. He added that the rice variety would be helpful for the government campaign against
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malnutrition as a small proportion of zinc content in food makes big difference in the health
condition.

Medical researchers had underlined that zinc is most famous for its immune-boosting perks. It
helps balance bodys response to infection, besides preventing out-of-control inflammation.
http://www.business-standard.com/article/current-affairs/chhattisgarh-finds-rice-variety-to-fightmalnutrition-drought-116011500347_1.html

Arkansas Crop Production Down For Most 2015


Commodities
Published 01/14 2016 08:50AM
Updated 01/14 2016 08:50AM
LITTLE ROCK, AR

The National Agricultural Statistics Service of the U.S. Department of Agriculture on Tuesday
issued its Crop Production 2015 Summary and for Arkansas, growers saw decreases in acres
harvested, average yield and total production in corn, cotton, long grain rice and soybeans. In
2014, corn, rice and soybeans all saw record high yield numbers.
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By the numbers
CORN -- Arkansas corn production fell almost 20 percent, from about 99.1 million bushels to
about 80.5 million. Nationally, the crop dropped 4 percent from 2014 production numbers. Corn
was harvested from 445,000 acres, down 16 percent from last year. Yield was estimated at 181
bushels per acre, down six from the previous year's record high.

COTTON -- Arkansas cotton production dropped 40 percent to 475,000 bales, a record low.
Nationally, cotton production dropped 21 percent from 2014. Acres harvested dropped to
205,000 acres, down 40 percent from the previous year, and an all-time low. The crop yield was
estimated at 1,112 pounds per acre, down 33 pounds from the previous year.SORGHUM - The
state's grain sorghum production experienced a gain of 169 percent to about 43.1 million reflecting the 167 percent increase in acres planted over 2014 to 440,000. Stiles said that as
market prices for grain sorghum have collapsed over the last year, growers were likely reduce
their sorghum acreage back to 2014 levels, when growers harvested 165,000 acres of the grain.
Sorghum yield was pegged at 98 bushels per acre, up one bushel from 2014.

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SOYBEANS -- Arkansas soybeans did not meet NASS forecasts of another record year for
yields, fell slightly from 2014 in acres harvested, average yield and production. Growers
produced about 155.3 million bushels of soybeans, down 2 percent from adjusted 2014 numbers.
Nationally, soybeans production increased slightly. Yield was estimated at 49 bushels per acre,
down a half bushel from the previous year's record high.RICE -- Overall Arkansas rice
production, which includes both long grain and medium grain rice, fell 16 percent from 2014
numbers to 94.3 million hundredweight. While medium grain rice increased from 214,000 acres
harvested in 2014 to 240,000 acres, long grain rice dropped about 20 percent from about 1.27
million acres to about 1 million acres harvested in 2015. Nationally, rice production fell 13
percent from 2014.
Jarrod Hardke, extension rice agronomist for the division, said that although production has
fallen, and U.S. rice stocks are reportedly the lowest they've been in eight years, the commodity
price will likely continue to remain relatively low, and will not likely change Arkansas growers'
current decisions regarding acreage allocations one way or the other.
http://www.nwahomepage.com/news/arkansas-crop-production-down-for-most-2015commodities

Three executives and four firms indicted in fake G-to-G rice


deal
BY EDITORON 2016-01-14THAILAND

Three executives and four firms indicted in fake G-to-G rice deal

BANGKOK: Three executives and four companies were today (Wednesday) indicted by
the Office of the Attorney-General in the Supreme Courts criminal division for political
office holders for their alleged involvement in corruption in the rice pledging scheme of the
Pheu Thai-led government.
Named as defendants in the fake G-to-G rice deal with a Chinese company, Guangdong
Stationery & Sporting Goods Corp, are Kitthavee Yasothorn rice mill limited partnership,
Kitthavee Yasothorn Rice Company, KMC Inter Rice 2002, Jia Meng Company and their three
executives namely Mr Thavee Artsamat, Mr Pakorn Leesirikul and Mrs Prapit Manatunya.
Deputy attorney-general Chutichai Sakhakorn alleged that the seven defendants bought rice from
the External Trade Department for export to the Chinese firm but the rice were not actually
exported and were sold locally instead.
He said that the OAG had sufficient evidences to prove the seven defendant wrongdoings and
the damages caused to the state.He also said that the case against the seven defendants was
linked to another case earlier brought by the OAG against former commerce minister Boonsong
Teriyapirom and 20 associates and many of the witnesses of the two cases are the same group of
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people. Hence, he asked the court to combine the two cases as one.Regarding the Chinese firm
and six Chinese nationals implicated in the fake rice deal with China, Mr Chutichai said the case
was not completed yet. Moreover, there is a problem of notifying them about the charges against
them because they are living in China.
Source: http://englishnews.thaipbs.or.th/three-executives-and-four-firms-indicted-in-fake-g-to-g-rice-deal

http://news.thaivisa.com/thailand/three-executives-and-four-firms-indicted-in-fake-g-to-g-ricedeal/128049/

Top 10 this week: Beltwide, El Nio, hybrid rice, flooding,


more
Jan 14, 2016Ed Phillips | Delta Farm Press

The 'Godzilla' El Nio and the flooded Mississippi River dominated much of the news during the
past week. Also popular with Delta Farm Press readers was information coming out of this year's
Beltwide Cotton Conferences, including a look at the state of the industry and market prospects.
And be sure to check out editor Hembree Brandon's popular blog about the never-ending
conspiracies attached to agriculture.

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Daily Global, Regional & Local Rice E-Newsletter

10. Monster weeds: Its all a plot by evil chemical companies (not!) Agriculture has become a fertile
ground for conspiracists, who alas, often include some in the mainstream media who employ
misrepresentation or exaggeration to make a story more dramatic or credible. One can only wonder if it is
not somehow wired into our genetic makeup, the willingness with which we accept the existence of
conspiracies.
9. Hybrid rice plantings could expand significantly in coming years Farmers in the United States and
China now plant about 50 percent of their acres to hybrid rice, according to Michael Gumina, global CEO

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for RiceTec Ag, a seed company that focuses primarily on the relatively new type of rice.

8. Growers could see pricing opportunities for 2016 cotton Jarral Neeper, president of Calcot Ltd.,
Bakersfield, Calif., says cotton futures could reach the low 70s if a stronger El Nio reduces production to
96 to 98 million bales in 2016. Such a reduction could push world ending stocks below 90 million bales
for the first time in years.
7. Rice bird repellent AV-1011 granted conditional
registration AV-1011 Bird Repellent for rice seed has been
granted a conditional registration by the Environmental
Protection Agency until Jan. 5, 2018. A conditional
registration under FIFRA allows for the product to be used
while the manufacturer, Arkion Life Sciences, completes a
final data requirement.

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6. Strong El Nio could reduce U.S. cotton production, exports Under normal circumstances, Calcots
Jarral Neeper says he would expect U.S. cotton acres to increase from last years 8.55 million to 9.15
million in 2016. Those estimates seem to be changing daily, but Neeper believes those who think the
2016 figure could be closer to 11 million acres are way off course.
5. Boom and bust agriculture - it's all about the economyYou dont have to be a rocket scientist to see
that the economy is in a time of change. A more sophisticated way to say this might be to use the word
transition. However you say it, the economy is the driving force behind almost everything and this is
especially true in agriculture.
4. Mississippi River crest pushes through MidSouth As the Mississippi River crest moved through
the Mid-South, it wasn't expected to cause the
devastation once feared. From what I understand this
is the third-highest volume of water on record, says
Arkansas Rep. Rick Crawford. Thats the bad news.

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Daily Global, Regional & Local Rice E-Newsletter


3. Godzilla El Nino could put excitement back in 2016 cotton market How strong will it be? That
has become the question of the year or maybe the decade for folks in the western half of the U.S. But it
could also have a major impact on how much cotton the worlds farmers produce in the coming year.

2. Cotton industry looking for ways to avoid economic disaster Over the decades, cottons leaders
have managed to pull a number of rabbits out of their hats just when it seemed the industry was going
down for the count because of a combination of low prices, pest problems or high input costs. Has the
cotton industry done the impossible again in its efforts to address the economic woes that currently beset
U.S. cotton?
1. Beltwide discussions cover the gamut of cotton industry
issues The Beltwide Cotton Conferences have changed their format, but
the National Cotton Council-sponsored event, continues to draw a large
number of specialists from across the cotton-producing portions of the
U.S. and the world.
http://deltafarmpress.com/rice/top-10-week-beltwide-el-ni-o-hybridrice-flooding-more

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Daily Global, Regional & Local Rice E-Newsletter

Nagpur Foodgrain Prices Open-Jan 14


Nagpur, Jan 14 Gram and tuar prices recovered strongly in Nagpur Agriculture Produce
and Marketing Committee (APMC) here good seasonal demand from local millers amid thin supply
from producing regions. Reports about weak production in this season, fersh rise in Madhya
Pradesh pulses and reported demand from South-based millers also pushd up prices, according to
sources.

FOODGRAINS & PULSES


GRAM
* Gram mill quality reported higher in open market on increased demand from local
traders amid restricted supply from producing regions.

TUAR
* Tuar varieties ruled steady in open market here matching the demand and supply
position.

* Watana dal firmed up in open market on good festival season demand from local
traders amid weak supply from producing regions.

* In Akola, Tuar New - 8,400-8,700, Tuar dal New - 13,700-14,300, Udid 12,600-13,100, Udid Mogar (clean) - 14,800-17,000, Moong 8,600-8,800, Moong Mogar (clean) 9,800-10,100, Gram - 4,300-4,500,
Gram Super best bold - 5,800-6,200 for 100 kg.

* Wheat, rice and other commodities moved in a narrow range in


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scattered deals, settled at last levels.

Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg

FOODGRAINS
Gram Auction

Available prices
4,000-4,790

Gram Pink Auction


Tuar Auction

n.a.

Udid Auction

2,100-2,600
7,700-9,200

n.a.
n.a.

Masoor Auction

6,400-6,600
4,300-4,500

n.a.

Gram Super Best Bold


Gram Super Best

3,800-4,600

7,700-9,280

Moong Auction

Previous close

2,600-2,800
6,000-6,500

n.a.

Gram Medium Best

6,000-6,500

n.a.

5,700-5,800

5,700-5,800

Gram Dal Medium

n.a.

Gram Mill Quality

4,750-4,950

4,700-4,900

Desi gram Raw

4,750-4,900

4,750-4,900

Gram Filter new


Gram Kabuli

5,100-5,300
5,800-7,800

Gram Pink

6,300-7,200

Tuar Fataka Best-New

5,100-5,300
5,800-7,800
6,300-7,300

14,100-14,600

Tuar Fataka Medium-New

13,200-13,800

Tuar Dal Best Phod-New

12,500-12,800

Tuar Dal Medium phod-New


Tuar Gavarani New

n.a

13,200-13,800
12,500-12,800

11,000-12,000

9,000-9,100

14,100-14,600

11,000-12,000

9,000-9,100

Tuar Karnataka
9,600-9,700
9,600-9,700
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Daily Global, Regional & Local Rice E-Newsletter


Tuar Black

14,900-15,300

Masoor dal best

6,500-6,800

Masoor dal medium


Masoor

14,900-15,300
6,500-6,800

6,100-6,300

n.a.

n.a.

Moong Mogar bold

9,600-10,500

Moong Mogar Med

9,000-9,700

Moong dal Chilka

6,100-6,300

9,600-10,500
9,000-9,700

8,500-9,500

8,500-9,500

Moong Mill quality

n.a.

n.a.

Moong Chamki best

8,500-8,700

Udid Mogar Super best (100 INR/KG)


Udid Mogar Medium (100 INR/KG)
Udid Dal Black (100 INR/KG)
Batri dal (100 INR/KG)

8,500-8,700
15,000-17,500

12,300-14,800

9,400-10,700

5,700-6,100

Lakhodi dal (100 INR/kg)

3,250-3,400

3,200-3,350

3,200-3,400

Watana Green Best (100 INR/KG)

3,300-3,800

1,700-1,800

Wheat Mill quality (100 INR/KG)


Wheat Filter (100 INR/KG)

9,400-10,700

4,400-4,850

Watana White (100 INR/KG)

Wheat 308 (100 INR/KG)

3,200-3,400
3,300-3,800

1,700-1,800

1,675-1,775

1,650-1,850

Wheat Lokwan best (100 INR/KG)

1,675-1,775
1,650-1,850

2,100-2,450

2,100-2,450

Wheat Lokwan medium (100 INR/KG) 1,950-2,200


Lokwan Hath Binar (100 INR/KG)

n.a.

1,950-2,200

n.a.

MP Sharbati Best (100 INR/KG) 3,600-3,950


MP Sharbati Medium (100 INR/KG)

12,300-14,800

5,700-6,100

4,400-4,850

Watana Dal (100 INR/KG)

15,000-17,500

3,000-3,200

3,600-3,950
3,000-3,200

Rice BPT best New(100 INR/KG) 2,600-2,850


2,600-2,850
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Rice BPT medium (100 INR/KG)
Rice Parmal (100 INR/KG)

2,100-2,300

1,800-2,000

Rice Swarna best (100 INR/KG)

1,800-2,000

2,200-2,450

Rice Swarna medium (100 INR/KG)


Rice HMT best New (100 INR/KG)

2,100-2,300

2,200-2,450

1,850-2,250

1,850-2,250

3,100-3,400

3,100-3,400

Rice HMT medium (100 INR/KG)

2,600-2,900

2,600-2,900

Rice Shriram best New(100 INR/KG)

4,400-4,500

4,400-4,500

Rice HMT medium New(100 INR/KG)

3,700-4,000

Rice Basmati best (100 INR/KG) 9,800-11,700

3,700-4,000
9,800-11,700

Rice Basmati Medium (100 INR/KG)

7,800-8,000

7,800-8,000

Rice Chinnor best New(100 INR/KG)

4,600-4,850

4,600-4,850

Rice Chinnor med. New (100 INR/KG)


Jowar Gavarani (100 INR/KG)
Jowar CH-5 (100 INR/KG)

4,000-4,400

1,800-2,200
1,700-1,800

4,000-4,400

1,800-2,200
1,700-1,800

WEATHER (NAGPUR)
Maximum temp. 29.2 degree Celsius (84.5 degree Fahrenheit), minimum temp.
12.2 degree Celsius (53.9 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : n.a.
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 29 and 13
degreeCelsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, butincluded in market prices.)
http://www.ft.com/cms/s/2/dea46c3e-982a-11e5-9228-87e603d47bdc.html#ixzz3xJWrRMge

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Daily Global, Regional & Local Rice E-Newsletter

Asia races to find drought-resistant rice


Amy Kazmin

The monsoon rains are essential for growing rice in India, but their inconsistency affects
productionHalf of all people in the world, mostly those living in Asia, depend on rice as a staple
food, eaten up to three times a day.But, compared with other food grains, global production of
rice has always been finely balanced against demand, with little surplus traded on the market. As
Asian weather patterns, especially the distribution of monsoon rains, become more erratic due to
climate change, policymakers are concerned about the stability of global rice production and the
long-term welfare of rice farmers and consumers.
FirstFT is our new essential daily email briefing of the best stories from across the web
The International Rice Research Institute (IRRI), based in the Philippines, is working to develop
seeds for new rice varieties that will be able to resist the kind of climate stresses, such as floods,
drought and soil salinity, that are expected to become more frequent due to global warming.
Flood-resistant rice strains, whose development by the IRRI started in the late 1970s, are already
paying off in India, Bangladesh and Nepal, where millions of farmers now grow rice varieties
that can survive total submergence in water for between 14 and 20 days. Previously popular
high-yielding rice varieties would be destroyed after just four or five days under water.

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Uma Shankar Singh, who leads the IRRI mission in India and Nepal, says researchers are also
making progress in developing drought-resistant rice varieties, which could be available to
farmers within a few years.
The world talks about climate change adaptation, but we hardly have anything to show on the
ground, says Mr Singh, the regional co-ordinator for IRRIs Stress Tolerant Rice for Africa and
South Asia (STRASA) project, which is funded by the Bill & Melinda Gates Foundation. This
is a direct example.
Climatic stress is acute in South Asia, home to about 37 per cent of
the worlds rice-growing area and prone to floods, drought, salinity,
or some combination of those problems. Floods are increasingly
frequent, but so are periods of severe dryness during monsoon
seasons. Many days can go by between rains, a contrast to the
predictable daily downpours that older farmers say they remember. Its not that the total amount
of rainfall has changed, says Mr Singh. But its uneven distribution is creating both flood and
drought.Rice-consuming countries saw the impact of disruptions in the global supply of rice in
2008, when Bangladesh, the Philippines and parts of west Africa all suffered food riots triggered
by spiralling global rice prices that had jumped 300 per cent, from $300 to $1,200 per ton, over
four months.
Aquaponics: the future of food?
A warehouse in east London is the scene of a cutting-edge experiment in urban farming
Fight against hunger leaves some behind
800m children are undernourished but campaigners voice confidence
Edible insect farms strive for scale
Old production methods are being rethought to increase output
The price spike had several causes, one of which was the imposition of export restrictions by
India. Another factor was panic buying by several large rice-consuming countries including
Bangladesh, which was facing a rice shortage after severe flooding in the summer of 2007
caused damage to 2.2m acres of cropland.In fact, global rice stocks were not very low at the time
and both the panic and prices subsided after a few months. But it was a warning about the kind of
global ripple effect that could ensue should a shortfall occur. There is not much surplus rice for
the international trade, says Mr Singh. If there is any serious flood in China or India, no one
can supply the rice. What rice is produced is consumed; the situation is tight.

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Daily Global, Regional & Local Rice E-Newsletter


IRRIs plan to develop rice that can tolerate extreme weather relies on a bank of seeds from
around 127,000 traditionally cultivated rice varieties, known as landraces, as well as on wild
rice collected from around the world.Many of the traditional varieties are disdained by
contemporary farmers due to low-yields or poor grain quality. But, having adapted over centuries
in various climactic conditions, some have evolved to be able to withstand local climactic
stresses.Abdelbagi Ismail, head of the STRASA project, describes IRRIs seed bank as a
treasure collected from all over the world, adding: It has all the diversity and all the traits we
look for in rice.For decades, IRRI scientists had searched for rice varieties that could combine
the genes required for flood tolerance with those of other high-yield varieties developed during
the Green Revolution of the 1960s, which transformed wheat and rice farming in irrigated parts
of north India.
Then, in 2002, researchers identified the precise gene in a landrace from eastern India that
allowed it to survive a submergence of up to 20 days. By 2006, IRRI had combined that gene
with a popular high-yielding rice variety and had provided 200 grammes of the seed to the Indian
governments own rice research institute. By 2013, nearly 5m Indian farmers had some fields
planted with this flood-tolerant rice, covering about 1.7 to 2m hectares in total.The institute is
now using similar methods in its effort to develop drought-resistant rice and the process has been
accelerated by recent developments in genetic mapping. We are now testing lines that are both
drought and flood tolerant, Mr Singh says. We must make a variety that can tolerate any
condition.Its not that the total amount of rainfall has changed, but its uneven distribution is
creating both flood and drought
- Uma Shankar Singh, leader of the IRRI mission in India and Nepal
The challenge is not merely scientific, but also political and logistical. South Asian governments
must approve new seed varieties, then distribute these seeds to farmers, who must in turn be
educated about their benefits and correct use.In the past, regional governments have subjected
new IRRI seed varieties to years of additional testing before approving them for use by their own
farmers. But India has shortened the testing period and in 2014 the governments of India, Nepal
and Bangladesh agreed that seed varieties approved for use in one country will be automatically
approved for use in all.
We want these new varieties to reach the farmers as fast as possible, Mr Singh said. The
biggest challenge we are facing is making seeds locally available to farmers in remote area and
taking information about these new varieties to the farmers. We have to gear up the whole
system to do this.
http://www.ft.com/intl/cms/s/2/dea46c3e-982a-11e5-9

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Daily Global, Regional & Local Rice E-Newsletter

Rice millers to be charged over pledging scheme


KESINEE TAENGKHIAO
THE NATION January 14, 2016 1:00 am

THE OFFICE of the Attorney-General has resolved to sue seven executives of four rice mills
accused of supporting an alleged irregularity involving the previous governments ricepledging subsidy programme.Public prosecutors yesterday filed their petition with the Supreme
Court's Criminal Division for Political Office Holders against the private-company executives.
They were alleged to have collaborated with former commerce minister Boonsong Teriyapirom
in a rice deal that was claimed to be between the Thai and Chinese governments.The seven
executives bought rice from government stocks, supposedly to be delivered to China. However,
it is alleged that the rice was circulated in the Thai market, deputy attorney-general Chutichai
Sakhakorn told a press conference yesterday.
"Public prosecutors will produce evidence to the judges and the public to prove that damage was
done and that there was irregularity involving the four contracts," he said.The deputy attorneygeneral identified the rice mills as Kit Thawee Yasothon, Kit Thawee Yasothon Rice, KMC Inter
Rice (2002), and Chia Meng. The prosecutors also submitted with their petition 300 boxes of
evidence, consisting on 2,280 files of documents containing 85,990 pages.Chutichai said public
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prosecutors had asked the court to include their additional petition against the seven Thai
executives in the original case against Boonsong and 21 others.
"The additional petition aims at showing that state authorities and private-sector executives
worked together in the irregularity in a systematic way," he said.The additional petition was
approved by Attorney-General Pongniwat Yuthaphanboriparn.The supposed government-togovernment rice deal was made between the Commerce Ministry and China's Guangdong
Stationery and Sporting Goods Imports and Exports Corp.The public prosecutors have yet to sue
seven Chinese entities and individuals involved in the allegedly phoney rice deal, as they need to
collect more conclusive evidence, the senior prosecutor said.
He said the prosecutors still had time to bring the Chinese nationals involved under the Thai
justice system, adding that this case's statute of limitations was 20 years.At the same press
conference, deputy attorney-general Kitinun Thatchapramuk said the prosecutors had no
concerns about the case, as they had ample time to build it against the defendants.In a related
development, the Supreme Court's Criminal Division for Political Office Holders is scheduled to
begin tomorrow its first hearing of witnesses in a separate case against former prime minister
YingluckShinawatra, also in connection with the rice-pledging scheme.Yingluck is required to
show up at the trial. She has said that she will attend it.
The prosecution's witnesses are Nipon Puapongsakorn from the Thailand Development and
Research Institute and deputy auditor-general
Prachak Boonyoung.
http://www.nationmultimedia.com/politics/Rice-millers-to-be-charged-over-pledging-scheme30276847.html

Coming up with right varieties crucial to tropical Queensland's rice


future, Rice Research Australia manager says
By David Sparkes
Updated Thu at 5:05am
PHOTO: Rice breeder and cane grower Andrew Barfield and Rice Research Australia manager
Russell Ford in Mr Barfield's trial rice plots. (ABC Rural: David Sparkes)
Rice Research Australia (RRA) is studying different rice varieties to determine which will be
most useful for farming in the Mackay region.
Media player: "Space" to play, "M" to mute, "left" and "right" to seek.
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00:00
00:00
AUDIO: Rice researcher says priority is new varieties(ABC Rural)
The Mackay region's first commercial
rice crop was harvested last year and
although the industry is still very small in
the area, it appears set for rapid growth,
mainly in rotation with sugar cane
crops.RRA manager Russell Ford was in
Mackay this week and said the region
should ideally have several different
varieties at its disposal."We are trying to
get the mix right for the farmer," he
said."Trying, obviously, to get something
that works in the environment that we are working in, [which is] a tropical environment most of
the time, or tropical to sub-tropical."[The rice plant] needs to work in rotation with cane quite
often and then it needs to have a root and plant system that can grow out of water."By that I
mean a system of alternate wetting and drying. It is a bit like you water cane down the farrows
and this is unique, believe it or not.
"It is not used around the rest of the world too much."The rice variety currently used in the
Mackay region is doongara, which has proven successful in the dry winter and the wet summer.
Mr Ford said the rice industry would never take over from sugar cane as the biggest agricultural
crop in the Mackay region, since sugar cane was still so well suited to the environment.
However, he expected production to grow significantly from its small beginnings last year
http://www.abc.net.au/news/2016-01-14/rice-research-australia-works-on-new-varieties-forqueensland/7085194

Brunei Develops Inbred Drought-Tolerant and High


Yielding Rice Variety
Jan 13, 2016
Brunei's Department of Agriculture and Agrifood has developed a new inbred rice variety called
"Brunei Darussalam Rice 5 (BDR5)" that is drought-tolerant and high-yielding, according to the
Brunei Times.The new variety is developed by cross-breeding between laila rice (a modern rice
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variety) and beras pusu (a popular traditional rice variety in Brunei). It will be launched soon,
according to an agronomist from the Agriculture Department.The agronomist told reporters that:
"BDR5 can be a replacement for traditional rice varieties because it has inherited the drought
tolerant characteristics of traditional rice but has the higher yield of modern rice varieties." She
also noted that the BDR5 can produce a yield of 3 to 5 tons per hectare while the yield from the
traditional varieties is only 1 ton per hectare.
She also noted that the new variety can be planted in areas which are not rain fed and also do not
have proper irrigation facilities. BDR5 faces less risk of plant dislodging from the soil because it
is shorter in height compared to traditional varieties.This will create a positive impact on the
domestic rice production because half of the rice production areas in Brunei still do not have
access to proper irrigation infrastructure, she added.Brunei produces only 2% of the nations
domestic annual rice consumption of around 40,000 tons.
Bruneis rice production has remained at around 1,000 tons since 2002. Brunei imports 95% of
its rice requirement from Thailand. Brunei imported about 23,357 tons of rice from Thailand in
the first eleven months of 2015, according to data from the Thai Rice Exporters Association
(TREA). It imported a total of 42,207 tons of rice in 2014.The USDA estimates Brunei to
produce 1,000 tons of milled rice and import around 40,000 tons in 2015, to meet a consumption
demand of around 41,000 tons.
ORYZA

Commodities Buzz : Vietnam Reduces Rice Cultivation Area


For 2016
capital market | Mumbai | January 14, 2016 12:46 IST

Commodities Buzz : Vietnam Reduces Rice Cultivation Area For 2016


The agricultural sector plans to slash rice cultivation by 100,000 hectares in 2016 to grow other
grains used to feed animals, said Minister of Agriculture and Rural Development Cao Duc
Phat.About 7.6-7.7 million hectares of land will be set aside for rice cultivation with a total yield
of 44.5 million tonnes, he stated, highlighting that the sector will enhance quality while reducing
costs of rice production by using high-quality varieties with high value and applying
comprehensive cultivating methods. The Ministry will continue projects on restructuring the rice
sector and building rice trademarks, together with developing such plants as cashew, pepper, tea,
cassava, fruit trees, vegetables and flowers which have good markets.In addition, the Ministry
will enlarge maize planting areas to 1.22 million hectares, up 22,000 hectares from 2015. A highyield variety will go into mass production, with a total expected yield of 5.5 million tonnes.
The Department of Crop Production will submit a national maize production plan for 2020 to the
Ministry for approval, and draw up specific plans to shift ineffective rice cultivation to growing
corn, in line with natural and socio-economic conditions, in each locality.In 2015, about 157,000
hectares of land were affected by drought, 5,000 hectares of which suffered from critical loss of
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crop, and cultivation could not be done in other 36,000 hectares. During the year, localities
nationwide converted 34,600 hectares of inefficient rice cultivation to planting grains and
aquaculture.
Powered by Commodity Insights
http://www.indiainfoline.com/article/capital-market-commodity-futures-mid-sessioncommentary/commodities-buzz-vietnam-reduces-rice-cultivation-area-for-2016-116011400470_1.html

Arkansas Farm Bureau Daily Commodity Report


Rice
High Low
Long Grain Cash Bids - - -

---

Long Grain New Crop - - -

---

Futures:

High

Low

Last

Change

Jan '16 1086.0

1082.5

1085.5

-22.0

Mar '16 1135.0

1082.0

1088.0

-42.0

May '16 1152.5

1111.0

1117.0

-41.5

Jul '16 1190.0

1142.5

1144.5

-41.0

Sep '16 1145.0

1145.0

1143.5

-34.0

Nov '16

1165.0

-30.5

Jan '17

1165.5

-30.5

Mar '17

1165.5

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Rice Comment
Rices prices closed lower again today. The market remains under pressure following a bearish USDA
report earlier this week. Adding additional pressure to prices today was the export sales report which
showed sales off 15-percent from last week and the 4-week average. Growing demand from Central
America had fueled a rally, if these sales dry up this arrest could be in trouble as the market continues to
look for demand to utilize some of the large stocks.
http://www.arfb.com/ag-markets-statistics/report/

Seaweed Extract May Boost Rice Production


This gamma-radiated seaweed extract can increase rice production by about a third and guard
against major pests. Science and Development Network | January 14, 2016 | In the Lab
AsianScientist (Jan. 14, 2016) - by Paul Icamina - Extracts from seaweeds, with a little tweak of
gamma irradiation, can increase rice production by about a third and guard against major pests.
Scientists at the Philippine Nuclear Research Institute (PNRI) have developed the carrageenan
plant food supplementor (CPFS), which is derived from carrageenan extracted from red edible
seaweeds. Carageenan is widely used for its gelling, thickening and stabilizing properties in the
food industry and as a binder in toothpaste and shampoo.
In a study published in Radiation Physics and Chemistry, the PNRI scientists showed that
carrageenan-derived polysaccharide, a carbohydrate, enhances rice growth when degraded
through a very small dose of gamma radiation. Plant food supplements are substances that
improve the overall health, growth and development of plants, says lead researcher Lucille Abad,
chief of PNRIs chemistry research section. The agricultural benefits of carrageenan are achieved
from its building blocks: the long-chain carrageenan polymer that can be broken down into
shorter chain fragments known as oligomers (oligo for few), Abad explains. These oligomers
are readily absorbed by the plant to help their growth and development and also improve their
resistance to diseases. Using gamma radiation, we were able to cut up the polymer into
oligomers without using chemicals or complicated and expensive processes, she says.
CPFS can be made with nothing more than the organic carrageenan and water processed by
gamma radiation. The product that is formed is not and can never be radioactive. It is a clean and
additive-free method that is safe, non-toxic, environment friendly and, most of all, effective.
Abad says the CPFS formulations will be registered with the Philippines Fertilizer and Pesticide
Authority as soon as results are verified from field trials in around 37,000 hectares nationwide
for two planting seasons. Once adopted by farmers, the new technology may boost rice
production by at least 30 percent. However, in one experiment in Bulacan province which is near
Metro Manila, results showed a 65 percent increase.
Gil Magsino, a scientist at the National Crop Protection Center and who headed the field trials
conducted in Bulacan, says three bags of chemical fertilizer per hectare combined with 200 parts
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Daily Global, Regional & Local Rice E-Newsletter


per million or 20 milliliters per liter of CPFS yielded higher rice grain weight of 450 grams per
10 hills (mound of soil that is planted with seeds). In contrast, conventional farmers practice of
applying nine bags of chemical fertilizer per hectare yields a grain weight of only 275 grams per
ten hills.

Abad and her research team first tested the CPFS in pot experiments inside greenhouses at PNRI.
Various concentrations were sprayed on the leaves of rice. Results showed rice stems and the
length of the panicles that bear the grains were significantly higher in the test crops compared
with conventional crops. CPFS also induces resistance against rice tungro virus and bacterial leaf
blight, both major rice pests. The CPFS was also sprayed on Chinese cabbage, mungbean and
peanut, resulting in a product yield of as much as 200-300 percent in the vegetables.
Apparently, spraying the CPFS enhanced the presence of friendly insects such as ladybird
beetles and spiders that help control harmful insects like the brown plant hoppers and green leaf
hoppers, Abad notes. The article can be found at: Abad et al. (2015) Characterization of Low
Molecular Weight Fragments from Gamma Irradiated -Carrageenan Used as Plant Growth
Promoter.
Source: SciDev.Net; Photo: James Morgan/Panos. Disclaimer: This article does not necessarily
reflect the views of AsianScientist or its staff. Tags: Agriculture, Gamma Radiation, Philippine
Nuclear Research Institute, Philippines, Rice, Seaweed Read more from Asian Scientist
Magazine at: http://www.asianscientist.com/2016/01/in-the-lab/seaweed-extract-boost-riceproduction/
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Daily Global, Regional & Local Rice E-Newsletter


http://www.asianscientist.com/2016/01/in-the-lab/seaweed-extract-boost-rice-production/

N10billion investment expected in Cross River rice project


January 13, 2016Talatu Usman

The governor of Cross River


State,
Ben
Ayade,
on
Wednesday said the state was
expecting a N10 billion
investment
in
its
rice
production project in the
state.He
said
his
administration would work
with foreign partners for the
success
of
the
project.Speaking to journalists
after a meeting with President
Muhammadu Buhari at the
State House Abuja, Mr. Ayade
said the state had engaged a
Swiss-based company that
would construct modern rice
mill to ensure high input and throughput rate.This is part of what I discussed with the president.
Since we have a special commercial credit facility, we have requested for N4.8billion.If we
have that, it will support us. But basically in terms of the investment outlay, the investment is
over N10billion and there is also a foreign element, which is a function of what the foreign
partners are bringing.
We are also in contact with a company in Switzerland that is building a Rolls Royce category of
what a modern rice mill will look like, with a very high input and throughput rate with a very
high return, he said.The governor explained the state had decided to go for the high-end
technology to avoid losses during production. He explained that with some of the old rice mills,
45% losses were recorded from an input of 80% paddy. Mr. Ayade told journalists that as part of
the economic reforms of the state, the Bakassi Deep Sea Port will kick off in a short while.
He said the preliminary works had been completed and equipment moved to the site.The
governor added that Environmental Impact Assessment, EIA, would soon be concluded.The
project is real and that is part of what I discussed with Mr. President and the president has given
his commitment that he will support the deep sea port and the evacuation corridor, which is the
260km super highway, he said.The governor also declared support for Mr. Buharis anti-graft
war, saying it had restored the business image of the country.
President Muhammadu Buhari welcomes Gov. Ayade of Cross River in Abuja
http://www.premiumtimesng.com/regional/south-south-regional/196717-n10billion-investment-expected

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