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Volume 4 Issue: XI
th
Vol 4, Issue XI
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BANGKOK
Thailands former Prime Minister Yingluck
Shinawatra remains under legal scrutiny for
failing to stop massive losses and corruption
in the countrys controversial rice price
support scheme. The Thai Finance Ministry
estimates that the country has spent more than
$21 billion to support rice price programs by
various governments over the past decade.
The government-backed rice price support
scheme launched by Yingluck and her Pheu
Thai Party proved an election winner at the
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Pakistan
government
to
provide subsidy to Basmati rice
growers
By Press Trust of India @indiacom | November 19,
2014 7:57 PM
Tags: Basmati rice, Nawaz Shaif, Pakistan
The South
American country of Guyana is reporting a
record rice harvest and is seeking new
markets for its surplus.The general manager
of the Rice Development Board says farmers
have produced nearly 627,000 metric tons
(691,000 tons) of rice this year. Jagnarine
Singh said Wednesday the amount is nearly
100,000 metric tons (110,200 tons) more
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May Kunmakara
The second Cambodia Rice Festival was
held yesterday in Phnom Penh aiming to
promote the Kingdoms rice sector to
international buyers.The rice festival was
held on the eve of the sixth World Rice
Conference, which started today at the
Sofitel hotel.
Up to 600 local and foreign sellers, buyers,
millers, exporters and farmers from up to 40
countries including rice-producing nations
such as Thailand, India, Vietnam, the
Philippines and Myanmar are expected to
attend the two-day event.Todays rice
forum will play a very important role in
helping local and international participants
to clearly understand the profiles and quality
of Cambodias rice sector, said Sok
Puthyvuth, president of Cambodia Rice
Federation (CRF) at yesterdays the
opening.But in order to promote our
exports we first need to iron out some
challenges such as quality seeds, technique,
logistics, financing, warehousing and
markets.
Opening up new export markets to meet the
governments rice export goal of one million
tonnes per year was critical to the industrys
success, Commerce Minister Sun Chanthol
said yesterday.We have been trying to seek
more markets for our milled rice, Chanthol
said, citing the Chinese governments July
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Louisiana Ag Commissioner
Expresses Concern Over Iraqi
Rice Tender
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18 November 2014
21 November 2014
40,247 mt
Non-glutinous
milled rice
(medium grain)
24,000
24,000
Non-glutinous
milled rice
(long grain)
Glutinous
milled rice
(long grain)
TOTAL
3,247
3,247
37,000
40,247
13,000
13,000
3,247
Shipping period: Global Tender Medium Grain: From 10 January 2015 to 10 February 2015
Global Tender Long Grain: From 1 January 2015 to 10 February 2015
Glutinous milled rice (Thailand) is shipped by container
9,681
zero
TRQ Certificates will be awarded to the highest bidder(s). Any person or entity incorporated or
domiciled in the United States is eligible to bid. The minimum bid quantity is 18 metric tons.
Performance security (the lesser of $50,000 or the total value of the bid) must be submitted with
each bid. Potential bidders may obtain the required bid forms and bid instructions from:
AARQ Administrator
Economic Consulting Services, LLC
2001 L Street, NW, Suite 1000
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World Price
Milled
Value
($/cwt)
Rough Rough
($/cwt) ($/cwt)
Long-Grain
17.34
11.00
0.00
Medium-/ShortGrain
16.77
11.29
0.00
Brokens
10.46
----
----
This week's prevailing world market prices and MLG/LDP rates are based on the following U.S. milling yields and
the corresponding loan rates:
U.S. Milling Yields
Loan Rate
Whole/Broken
($/cwt)
(lbs/cwt)
Long-Grain
55.83/12.59
Medium-/Short-Grain 62.39/7.92
6.50
6.50
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Month
Price
Net Change
January 2015
$12.405
+ $0.405
March 2015
$12.675
+ $0.405
May 2015
$12.925
+ $0.405
July 2015
$13.130
+ $0.405
September 2015
$12.495
+ $0.405
November 2015
$12.395
+ $0.405
January 2016
$12.395
+ $0.405
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