Vietnam’s law enforcement forces at sea are keeping a close eye on developments related to the illegal operations of the Chinese vessel Xiang Yang Hong 10 in Vietnam’s exclusive economic zone, an official has said.
Founded by Jeremy Zwinger in 2002, The International Commodity Institute is the umbrella organization that serves to offer clients an integrated media source that connects all critical aspects of the world rice industry. The institute brings together in-depth market reports and analysis (The Rice Trader publications), trade networking (World Rice Conference and other Events), expounding in various media (Weekly Direct TV Interviews), working with international producers of commodities (Farm & Trade), helping entities with global consulting, and international recognition for achievements and contributions to the global rice industry (World’s Best Rice Award and The Rice Trader Lifetime Achievement Award).
From farm to fork, from research to destination, the rice industry will be able to utilize the tools offered by the International Commodities Institute for insights and the ability to understand short, medium, and long term industry consequences, interpret market dynamics into commercial success.
For over 30 years, The Rice Trader publication has brought its subscribers crucial, up-to-the-minute information on rice trade through its daily and weekly publications. Acknowledged as the only source of confidential information about the rice market, this weekly summary of market data analysis has helped both the leading commercial rice companies and the regional government officials make informed decisions, which are critical in today’s market.
The Rice Trader is the world’s leading trade publication dedicated to in-depth analysis of the global rice industry. We assist your organization with valuable intelligence for risk management, trade, and decision-making abilities across the rice industry supply chain.
Rice is the staple food for over three billion people making it the world’s most important grain. Leaders from over 20 countries and every corner of the rice industry receive The Rice Trader. They rely on it to determine the most efficient ways to trade and transport this vital commodity. Comprehensive, in-depth market analysis makes The Rice Trader a pillar in the global rice industry and is the most profitable investment a person in this trade can make.
Acknowledge and honors development achievements through the prestige of our international awards, The Rice Trader aims to recognize and promote the development of the rice industry in countries that appreciate continuous development by education and research.
Published 48 times a year, the Weekly Report is a vital source for market intelligence. We serve our subscribers by delivering an integrated platform of information on rice origins, allied markets, and risk management tools. The Rice Trader combines market data with proprietary research to provide our clients the most comprehensive rice report in the world on a weekly basis.
Daily News Update from The Rice Trader features all of the most recent activities of the global rice industry from various related aspects and beyond.
The Rice Trader World Rice Conference is the world’s leading forum for rice industry professionals, and emphasizes on the global rice trade, with a strong reputation in bringing leaders and rice industry and the various elements that deliver rice, from farm to fork.
Team up from rice professionals, along with the companionship of researchers, enthusiastic advisors and reputed traders of the global rice industry who have decades of experience, The Rice Trader aims to deliver an integrated platform of information to the rice trade and allied industries that not only informs, but provides analysis, insight and valuable intelligence that will assist risk management, trade, and decision-making abilities across the rice industry supply chain.
|Jeremy Zwinger – President & CEO:|
|“As the world and market transforms, so must we or we will be left behind.”|
Jeremy Zwinger is the CEO/President of The Rice Trader, Farm And Trade, Inc., and International Commodity Institute. Mr. Zwinger is the founder of the World Rice Conference, along with several other key projects which help build bridges between a vast number of global entities. He was raised on his family’s farming operation in North Dakota, USA, and is a graduate of North Dakota State University, where he also attended graduate school for agriculture economics. Jeremy followed up this graduate school studies by taking on the position of the market analyst for U.S. Wheat in Washington DC, where he was able to get hands on experience in complexities of global trade and U.S. agricultural trade policy. His interests are broad, ranging from commodities markets to the digitalization of global business to the rapidly changing international cultural/geopolitical environment. Development of water distribution systems, ownership of water rights, and large-scale water trading are also key passionate interests. On a personal note, Mr. Zwinger is blessed with five children and an amazing family, whose support has allowed him to be here today.
A regular participant at international events and conferences, Mr. Zwinger has contributed extensively on the analysis of markets by predicting inter-commodity effects (rice, wheat, corn, soybeans, sugar, etc.), as well as currency and oil price led impacts on the rice markets. He is also well known among clients for his direct advisory work and market analysis that has proven to be very close to actual market developments. His 2007 speech forecast rice prices to go past $1,000 per ton levels, the more recent global food oversupply predictions, his prediction of the 2016 Trump presidency more than a year in advance of the U.S. elections, and a split 2020 election, are a just a few key examples that are well regarded.
Additionally, Mr. Zwinger has extensive experience that extends globally in the fields of publishing, brokerage, water trading, advisement, production financing, and consultancy services to a number of internationally respected players, including several Fortune 500 companies. He has consulted for many countries on key strategic interests, with direct access to heads of state and their cabinet members throughout the globe. More recently, he has become heavily involved in globally critical topics such as water rights and value, food security issues, electronic trading, international production financing, global investment strategies with a focus on the commodity fields, market development strategies, and the coming solar cycle, which is likely to lead to major global issues on a multitude of levels. In 2020, he was also made a lifetime member of the Farm Foundation, a prestigious agriculture and trade policy group, which helps make recommendations for the future, while facilitating key leaders into action. Mr. Zwinger has recently taken on the role of a weekly market discussion analyst on Direct TV, talking about the commodity markets and the important topics of the day. The changes brought on by Covid-19 have forced major developments in Mr. Zwinger’s business, where unique software was developed to help allow personalized networking with automated contracts. The goal remains of a more efficient trade mechanism in this new and ever-changing environment.
Mr. Zwinger looks forward to contributing more insights on the future and hopes to make yet another accurate assessment of the direction the market is headed in aid of those in attendance. As we have seen in the past, there are likely to be some interesting insights that come from his engaging and passionate discussions.
|V Subramanian – Vice President|
Subra is Vice President and a member of The Rice Trader team with primary responsibilities in the TRT’s Asian and African rice market coverage. As Vice President at The Rice Trader, Subra presents daily updates on rice market prices, market developments and the latest in dealings amongst buyers and sellers as well as to provide a significant contribution to the weekly TRT report that has a wide readership from the global rice trade.
Subra’s contributions extend to covers developments and market intelligence gathering across all major rice markets, with an emphasis on development of TRT’s focus on rice market verticals that look at markets specifics like white rice, parboiled rice, fragrant rice, basmati rice, broken rice as well as key price trends and analysis in global rice markets and how these relay market signals and trends in procurement. Special reports on African markets, China, Indonesia, the Philippines and all the major export markets of India, Vietnam, Thailand, Pakistan, US, South America, Myanmar and Cambodia are also part of Subra’s market specific special reports that provide readers with specialist insights into global rice markets.
Subra is well-known for his role in the TRT World Rice Conference (held since 2009) the annual meeting place for the global rice trade.
Subra was also Managing Editor of Rice Today, between 2009 and 2012. Rice Today is the flagship publication of IRRI that was published by the The Rice Trader from between 2009 and 2012.
Subra was previously part of IBC Asia (Informa Group) for 14 years between 1994 and 2008 and helped create several firsts including Asia’s first coffee, sugar, rice conferences, and the world’s first Dry Bulk Shipping conference in a role that saw him create and eventually head IBC Asia’s Commodities and Maritime Division.
Educated in Singapore and the United Kingdom - Economics degree (University of Leicester) and a Masters in Science (MSc) degree in shipping trade and finance (City University, London, now known as the Cass Business School), Subra started his career at the Singapore Trade Development Board compiling trade statistics between Singapore and Malaysia. Subra subsequently joined Peregrine Futures where he provided daily market reports and analysis (including fundamental and technical analysis) to clients on futures markets, with emphasis on Coffee, Cocoa, Sugar as well as the metals markets of the London Metals Exchange.
Testimonials about TRT
Mr. Henry Allard
President, Filhet-Allard Maritime
“The professionalism of the TRT team, as well as the high quality of information provided by its platforms, are two of the many reasons why Filhet-Allard Maritime is delighted to be a long-standing partner of TRT.
Year after year, TRT has proven to be a valuable tool for industry players and the annual World Rice Conference never fails to provide excellent networking opportunities. For over a decade, we have enjoyed an enriching partnership with TRT and we look forward to many more years of fruitful collaboration.”
Mr. Chookiat Ophaswongse
Honorary President Thai Rice Exporters Association
The Rice Trader (TRT) is now the most recognized organization all over the world for Rice Business, this success came after investing so much of time and efforts over numerous years. You deserve to enjoy every moment of it! Congratulations my friend, and may you get much more success in the years to come in your business.
Mr. Vivek Sharma
“I have been reading TRT and attending the World Rice Conference organized by them for 9 years now. I have gained tremendous knowledge and network by being a subscriber. The personal touch is present in every interaction and even though you may just be reading it on your laptop, you can hear the passion of Subra and Jeremy’s voice behind those lines. It is a boon for rice industry professionals. It brings together some of the brightest minds and nicest people on the planet, and I almost forgot, the most current and timely information available on Rice.”
Mr. Mamadou Ciss
CEO, Alliance Commodities
“I have been trading rice since 1984 in various organizations and I have been a regular subscriber of TRT since the beginning.
TRT has revolutionized the way rice reports were and are written. They inspire and lead the rice market in its growing need to be informed on what’s going on.
I have always been satisfied with their services which I highly recommend to those willing to play a role in the rice industry.”
Mr. Sujit Pande
Responsible for Global Marketing & Product Management activities of Rice Solution Business @ Buhler AG
“The Rice Trader and its associated business will be richer if we can track all relevant data and give impetus to its impact on future business scenarios. We at Buhler really appreciate depth of data and flow of facts brough by TRT team. “
Prices of rice exported from top hub India edged higher this week from a near six-month trough as weaker rates attracted buyers from other Asian countries, while comparatively higher rates in Vietnam posed risks to demand in the near term.
Cargo handling at Brazil’s largest private port terminal Tiplam at Santos is expected to grow 6.8% to a record 12.5 million tonnes in 2023, driven by the country’s record grain production and strong demand for agricultural commodities from China.
Vietnam shipped around 1.1 million tons of rice abroad in April, up 14.4% against March and 98.1% against the same period last year, according to the Ministry of Agriculture and Rural Development. Rice exports brought in US$574 million in the month, increasing by 12.8% compared to March and 108.1% against last April.
European Union (EU) grain imports in marketing year 2022-23, which began last July, have skyrocketed due to circumstances involving increased Ukrainian exports and last year’s drought-damaged harvest in Europe, according to recently published statistics from the European Commission.
IT may now take longer for the Philippines to achieve near “rice-sufficiency” under a new government road map to boost production for the food staple. In a press conference at the 86th Anniversary of the Government Service Insurance System in Pasay City on Wednesday, President Ferdinand R. Marcos Jr. announced they are now targeting to achieve 97-percent rice sufficiency by 2028.
While exports of textiles, wood products and seafood plummeted in the first five months of 2023, those of rice and fruits have risen. Overall exports between January and May were worth US$136.17 billion, down 11.6% year-on-year, according to the General Statistics Office.
The Mekong Delta province of Kien Giang, Vietnam's largest rice-growing area, is stepping up measures to cope with El Nino-induced adverse weather conditions this year, Vietnam News reported on Tuesday.
Indian government is going big on the agriculture sector with its recent announcement of bringing a policy for the world’s biggest foodgrain storage scheme under the cooperative societies sector.
On the other hand, it has announced the formation of 1,100 new farmer Producer Organizations (FPOs) in the cooperative sector.
For the third consecutive year, exports of non-basmati have surpassed that of basmati. In FY23, non-basmati comprised 24% of the country’s total agricultural and processed food products exports (in terms of value), followed by basmati (18%). Besides this, it was the largest item in agri export basket in FY21 and FY22.
The Union cabinet on Wednesday cleared a ₹1 trillion scheme to increase foodgrain storage capacity by 70 million tonnes in the cooperative sector. This will be world’s largest grain storage plan in the cooperative sector.
Prime Minister Shehbaz Sharif on Wednesday vowed to give priority to the agriculture sector in the forthcoming budget by offering incentives to growers to improve production and rural economy.
Contrary to the government’s claims about a declining trend in wheat flour prices, the commodity has seen a price hike and is not available at less than Rs150 per kilogram anywhere in the country.
The Punjab government did not record the minutes of a ministerial committee meeting allegedly held last October to modify the terms and conditions and thereby allow state land to be leased to the Pakistan Army for corporate farming, the Lahore High Court (LHC) was told.
President Ferdinand R. Marcos Jr. is pushing for the use of an agricultural map to boost the yield and income of farmers.
PRESIDENT Ferdinand Marcos Jr. has appointed Jovy Bernabe as acting head and chief executive officer of the Philippine Crop Insurance Corp. (PCIC), Malacañang said on Thursday.
A ranking official of the Department of Agriculture (DA) said that importers should shoulder the additional cost of pre-shipping inspections of imported agricultural commodities after President Marcos announced the plan in an effort to curb smuggling and ensure their safety for public consumption.
The government has spent more than Tk 28,000 crore as farm subsidies in the last two fiscal years. However, marginal farmers claim that they get very little benefits out of that.
The government continues to rely on agriculture to give people some respite from the stubborn high inflation, as the proposed national budget for fiscal 2023-24 has announced the continuation of all forms of subsidies and the introduction of some tax benefits for this critical sector.
The Sixth Assessment Report (AR6) by the Working Group II of the Intergovernmental Panel on Climate Change (IPCC) shows how food production is at risk because of the heat and drought.
Secure food stocks are one of the most crucial prerequisites for food resilience. According to Law No. 18 of 2012, a country's food stocks are considered secure when it can ensure the stocks either through domestic production, national food reserves, or—if the former two are inadequate—imports.
Agriculture Minister Syahrul Yasin Limpo has said he is optimistic that Indonesia will become a world food barn by 2045 by utilizing existing natural resources with the help of technology. "We have quite a good land and nature. By using technology, we can plant from the coast, lowlands, to highlands,"…
This collaboration is proposed with a view to revamping the financial ecosystem accessible to Indonesian rice farmers, their suppliers, and corresponding financial institutions.
Markets appear to be shrugging off reports that the world’s biggest wheat producer could have serious quality problems. China’s prime wheat-growing region received a deluge of rain at the end of harvest.
Chinese President Xi Jinping told his national security team Tuesday that they should prepare for a "worst-case scenario," saying that internal and external threats to the country had increased. Xi, who spoke during a meeting of the Chinese Communist Party's National Security Commission, said the "complexity and difficulty of the national security issues we now face have increased significantly,"…
China's agriculture ministry is urging local authorities to speed up the harvesting and drying of damaged grain after heavy rain flooded fields of ripe wheat in the country's most important growing region.
A joint public-private sector undertaking in Fukushima Prefecture — known for its sake-brewing — has developed a new rice variety cultivable in cold regions. Those involved in the venture first selected early maturing variants of Yamada-Nishiki rice, a well-noted sake rice variety, to produce seed rice.
U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor will lead the upcoming agricultural trade mission to Japan, June 5-8. The delegation includes a robust representation of the U.S. agriculture sector, including businesses, state departments of agriculture, and commodity groups.
A government panel Monday submitted to farm minister Tetsuro Nomura an interim report calling for reviewing a law known as Japan's "constitution of agricultural administration."
The Pheu Thai Party has scrapped the 10,000-baht handout it promised during the election campaign, saying the high cost of the Move Forward Party’s welfare programmes would make it unfeasible.
Details of shareholding violation complaints against Move Forward Party (MFP) leader Pita Limjaroenrat will decide his fate and determine if the May 14 general election is nullified, according to caretaker Deputy Prime Minister Wissanu Krea-ngam
The US will start to import Thai pomelos next month while Australia has given a green light for the import of cooked duck from Thailand after years of negotiations, according to Thailand’s Ministry of Agriculture and Cooperatives.
Experts have warned that the risk of food crisis will increase in Nepal this year. They claim that agricultural production will decrease due to less than average rainfall predicted this year.
The General Department of Agriculture of the Ministry of Agriculture, Forestry and Fisheries is implementing the Climate Resilience Rice Commercialization Sector Development Programme (Rice-SDP) in Kampong Thom, Battambang and Prey Veng provinces to promote the production and export of rice.
The leaders of Bangladesh-Thai Chamber of Commerce and Industry (BTCCI) has urged Thailand to sign a free trade agreement (FTA) with Bangladesh as part of efforts to increase bilateral trade.
The National Irrigation Authority (NIA) has requisitioned a modern electric pump for installation at the West Kano Irrigation Scheme in Kisumu County to boost rice production.
"Bumper Harvest Year in Sub-Saharan Africa, the World’s Food Basket.” We believe the day will come when this headline describes reality if the right policy choices are made today.
In Madagascar, an Indian Ocean island country, the month of May is in the autumn season. Hu Yuefang, a Chinese hybrid rice expert, rushes to harvest the last batch of hybrid rice with local farmers…
In Saint Louis, northern Senegal, farmers have had to buy extra rice for as long as anyone can remember. “Normally, people can only live off the rice they grow for a few months,”…
President Bola Tinubu says his administration will create agricultural hubs across States in Nigeria to boost food production. The president disclosed this while delivering his inaugural speech on Monday in Abuja.
Low agricultural productivity, food and nutritional insecurity and availing smallholder farmers access to life-changing technologies are issues that AATF and ECOWAS have agreed to solve in partnership in the West African sub-region.
The Crop Estimates Committee (CEC) on Friday boosted its estimate of maize production for South Africa for 2022–2023 by 2% from the previous month to 16 million tons attributable to favourable weather conditions.
Stakeholdersin Ghana's rice value chain were yesterday introduced to new Israeli agriculture technologies essential to improving the climate resilience of rice farming in Ghana for increased yields.
The minister said he would desire to see researchers get innovations that can be adopted by the farmers who are the targeted consumers, which can consequently create an impact in their lives.
South Korean President Yoon Suk Yeol, who attended the G7 summit held in Hiroshima, Japan, announced on the 20th that Korea would support rice production in seven poor African countries with the K-Rice Belt (Korean-style rice production belt).
Australia is facing an "abnormal" winter, with a predicted El Nino and a positive Indian Ocean Dipole (IOD) triggering warmer and drier weather around the country. It's the first day of winter today, and the season will run until the first day of spring on September 1.
Leading Asia Pacific voices are urging Australia to rejoin IFAD to help smallholder farmers.
Reports of easing fertilizer prices are great news for Aussie farmers, but they warn more will need to be done in order to combat food inflation.
Australia’s barley sector may be the next beneficiary of the thawing relationship with Beijing, Trade Minister Don Farrell said following another meeting with his Chinese counterpart.
Australian farmers will be assisted to prove the premium quality, sustainability, and First Nations credentials of their produce through $11 million in grants from the Albanese Government.
OPENWAY FOOD CO. has announced the launch of a $10m manufacturing facility in Melbourne. The plant will enable the onshore production of coated Mini Rice Cakes, part of the Table of Plenty product line, following strong growth in product sales.
Micro and nanoplastics are pervasive in our food supply and may be affecting food safety and security on a global scale, a new study led by CSIRO, Australia’s national science agency, has found.
As the only Federal Government funded, low-cost loan available to support the establishment of new farm businesses across Australia…
Grains Australia Limited has appointed 11 industry representatives to its newly established Grains Market Access Council.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.2% growth forecast for the Food industry in Australia.
Certainly, there have been repeated fears of drought conditions across parts of the country which is threatening the livelihood of a very large number of farmers, yet torrential rains are also likely to devastate crops.
Ukrainian President Volodymyr Zelenskyy this week accused Russia of blocking all shipping from Ukraine's Pivdennyi port, with 1.5 million tons of agricultural products unable to move.
Minister Irena Šinko attended the Agriculture and Fisheries Council. The presidency informed the ministers on the proposed regulation on packaging and packaging waste and the ministers discussed the situation of the market for agricultural products following the war in Ukraine.
As farmers battle the cost-of-living crisis, new data shows a rising number of agricultural crimes across Northern Ireland. The latest police data analysed by CompareNI.com show that in the 12 months from April 1 2022 to March 31 2023 there were 237 agricultural crimes recorded in Northern Ireland
The Ministry of Agrarian Policy and Food is exploring opportunities for expanding cooperation in the agricultural sector with Japan, in particular by attracting support in demining territories and providing farmers with agricultural machinery.
The growth of grain exports from Russian ports is forecasted to continue: the country’s supplies to foreign markets totaled 45.2 million tonnes in 2022 and may reach 60 million tonnes by 2024-2025. However, the sanctions have changed this market considerably, both in terms of geography of supplies and in terms of new priorities set by the shippers.
The quantity of durum wheat is growing, but this is not good news for Italian companies that produce pasta. The reason? Production costs are on the rise.
To slow down climate change, the EU wants to reduce agricultural emissions and promote sustainable soil use. A new law would see the restoration of CO2-storing peatlands, but critics fear farmers will lose out.
Spain and Portugal will jointly ask Brussels to adopt measures to alleviate the effects of drought on European agriculture.
“What must be avoided now is overloading the boat.” Following French President Emmanuel Macron, Belgian Prime Minister Alexander De Croo on Tuesday 23 declared himself in favor of a European regulatory “pause” on environmental standards.
Brazil's economy likely surged back to growth in the first quarter of the year, powered by record-breaking crops and solid crude oil output that more than offset the drag of subdued manufacturing activity, a Reuters poll of economists showed.
The People's Power Minister for Productive Agriculture and Lands, Wilmar Castro Soteldo, held a bilateral meeting with his Brazilian counterpart, Carlos Fávaro, to achieve agri-food cooperation agreements, within the framework of the official visit of the president of Venezuela, Nicolás Maduro, to the Federative Republic of Brazil. teleSUR
A study on the transformation towards new rurality in Latin America, its results, and projections is on a discussion on Tuesday during a regional meeting of journalists organized by ECLAC.
An illegal grain distribution scheme in Mato Grosso, publicly acknowledged by farmers and civil servants, may have taken soybeans and corn planted without permits on Indigenous lands in the state — and within areas interdicted by IBAMA…
The number of people suffering from hunger in Latin America and the Caribbean has surged by 30% since 2019, according to Mario Lubetkin, the Deputy Director General and Regional Representative for Latin America and the Caribbean of the FAO.
Food insecurity spiked in many countries throughout Latin America and the Caribbean in recent years. In 2014, 24.6 percent of the region’s population was food insecure, compared with 40.6 percent in 2021, largely as a result of COVID-19 lockdowns and their economic fallout.
Argentina’s farmers need precipitation to arrive within the next three weeks to stand any chance of emerging from a disastrous drought that has shriveled harvests and slashed agricultural exports.
Heavy rains in recent days in key agricultural areas have buoyed the outlook for Argentina’s 2023-24 wheat crop, even as the much-needed precipitation slows the soybean and corn harvest of the drought-stricken nation, Reuters reported, citing the Buenos Aires grains exchange.
Brazil is poised to export 53 million tonnes of the crop in 2022-23, compared to 45 million tonnes for the United States.
The Ministry of Foreign Trade and Tourism (Mincetur) has reported that the value of Peruvian exports to China grew at an average annual rate of 12.7%, in the 13 years in which the bilateral Free Trade Agreement (FTA) has been in force.
Emphasizing the expansion of agricultural cooperation between Iran and Uzbekistan, Iran’s deputy minister of agriculture said that the two countries enjoy high potentials to further develop their ties.
An academic study published in 2022 presents a comprehensive overview of the various impacts of the climate crisis on agriculture in Turkey.
Agriculture and livestock in the southern Iraqi province of Diwaniyah are suffering from drought amid a dramatic plummet in river water levels.
Amin Salah used to grow wheat near the banks of Iraq's Euphrates River, but persistent droughts have led him to switch to farming unlikely new grounds deep in the harsh desert of Najaf that have led to a doubling of spring crops in a hungry Iraq.
The food security situation in Yemen’s government-controlled districts “slightly improved” during the first five months of this year, but acute malnutrition is on the rise, UN agencies warned in a new report released on Friday.
Figures by the United States Department of Agriculture (USDA) show that wheat output in Iran is going to increase by 10% this year.
The Egyptian government has included small-scale farmers in its fight to counter the food crisis as it tries to feed over 100 million people amid a worsening economic situation. But many of these farmers are crippled by the already-felt water shortage effects from climate change…
The General Secretariat of the Iraqi Council of Ministers confirmed on Wednesday that Iraq and Saudi Arabia agreed to cooperate in the agricultural sector and to confront climate change, the Iraqi News Agency (INA) reported.
Minister of Agriculture, Khaled Hneifat, on Monday, stressed the "deep-rooted" Jordanian-Saudi relations and importance of joint cooperation and partnership in all sectors.
Al Dahra Group, an Abu Dhabi-based agribusiness and one of the largest forage providers worldwide, has signed an exclusive supply agreement with Golden Fields, an Estonian agriculture company…
Commodity Futures Price Quotes For US Dollar Index (ICE Futures)
Latest futures price quotes as of Fri, Jun 2nd, 2023.
Latest futures price quotes as of Fri, Jun 2nd, 2023.
In the south, long and medium grain milled rice steady.
Long Grain, Rough marketing year 08/01 - 07/31 outstanding export sales and exports by country, region and marketing year 1000 metric tons as of May 18, 2023
Released May 22, 2023, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA).
U.S export sales May 25, 2023 (Data for Week Ending May 18, 2023)
Since December 2022, rainfall across most of Iraq has been positive, expected to result in favorable yields and increased production for winter crops wheat and barley, with rice expected to rebound this summer for marketing year (MY) 2023/24.
Export and domestic prices of Thai rice increased one percent due to the strengthening of the Thai baht and strong demand for Thai rice.
China cancelled another 272,000 metric tons of corn from the US this week, taking the total amount cancelled to just over 1 million metric tons or around 40 million bushels.
The U.S. Department of Agriculture (USDA) announced loan interest rates for June 2023, which are effective June 1, 2023. USDA’s Farm Service Agency (FSA) loans provide important access to capital to help agricultural producers start or expand their farming operation, purchase equipment and storage structures or meet cash flow needs.
U.S. wheat, corn and soybean futures tumbled on Tuesday, pressured by macroeconomic worries, strong competition for global grain export business and some forecasts for beneficial Midwest rains next month that could bolster production prospects, analysts said.
New Mexico rancher Bret Riley is concerned a new federal rule that the U.S. Bureau of Land Management wants to set in place could interfere with his agricultural business.
After setting a record last year, U.S. farm exports will shrink 8 percent this year, due to tightening economic conditions worldwide and lower commodity prices, said the Agriculture Department on Wednesday.
In Arizona’s Pinal county water cuts have become a reality even before this month’s historic deal by states to use 13% less water from stricken river
A market analyst says it’s been a good planting season so far in most of the United States. Tim Marsh with Summit Commodities tells Brownfield nearly everyone seems pleased, with a few exceptions.
The most active corn contract for July delivery fell 10 cents, or 1.66 percent, to settle at 5.94 U.S. dollars per bushel. July wheat plunged 25 cents, or 4.06 percent, to settle at 5.91 dollars per bushel. July soybean lost 40.75 cents, or 3.05 percent, to settle at 12.965 dollars per bushel.
President Joe Biden and House Speaker Kevin McCarthy have reached an "agreement in principle," leaving Congress just days to approve the deal and avoid default. An “agreement in principle” between President Joe Biden and House Speaker Kevin McCarthy would raise the nation's legal debt ceiling, but now Congress has only days to approve a package that includes spending cuts…
A Clemson University researcher is part of a multistate, multidisciplinary study to improve rice farming sustainability and profitability through research innovations that advance climate-resilient crops.
This year’s Agriculture Improvement Act, commonly referred to as the “Farm Bill,” will invest a projected $700 billion over five years in U.S. food systems. If it replicates past failures, it will leave families and farmers insecure, excluding workers and farmed animals entirely while accelerating local and global environmental crises.
In various regions around the world, crop conditions are showing mixed outcomes due to climate and other factors. East Africa has seen beneficial rains that have made the conditions favourable for both Belg and Meher season cereals in Ethiopia.
The Atlantic hurricane season starts on June 1, and forecasters are keeping a close eye on rising ocean temperatures, and not just in the Atlantic. Globally, warm sea surface temperatures that can fuel hurricanes have been off the charts in the spring of 2023…
More than 50 percent of the food calories eaten daily by the world’s 7.9 billion people come directly from grains. In impoverished nations, that percentage is 60 percent and in the poorest, it tops 80 percent.
The Philippines and Argentina are looking at further deepening their collaboration in efforts to boost the agriculture sector of both nations.
The global commodity markets have weathered a succession of blows these last few years. The toxic combination of the COVID-19 pandemic with its mass lockdowns, the Ukraine war, and climate change has affected the availability and prices…
Over 50 percent of the food calories eaten daily by the world’s 7.9 billion people come directly from grains. In impoverished nations, that percentage is 60 percent and, in the poorest, it tops 80 percent.
Rice is in trouble as Earth heats up, threatening the food and livelihood of billions of people. Sometimes there’s not enough rain when seedlings need water, or too much when the plants need to keep their heads above water. As the sea intrudes, salt ruins the crop. As nights warm, yields go down.
Despite wars, civil unrest and a second consecutive strong La Niña, world grain production of wheat, corn and rice has had another record year. Two global agencies are forecasting that in 2023/24, grain production will exceed consumption.
The European Union has been on a mission for the past decade to ban the foreign use of food names like bologna, gruyere and feta cheese, depriving U.S. producers of markets around the world, but a bipartisan roster of lawmakers has stepped forward to try to curb the EU campaign.
Climate change has brought on heat waves for many regions across the world this year, and it's only just beginning — some are expected to continue through a long, hot summer. On top of that, El Niño is expected to make a return this year, exacerbating the warmer temperatures.
The World Bank has approved a loan of 255 million U.S. dollars to support a program that will reduce methane emissions and improve irrigation and drainage services in rice production in central China's Hunan Province, the bank's Beijing office said Thursday.
With the advent of cutting-edge advancements such as precision agriculture, automated machinery, and genetically modified crops, farmers have witnessed increased productivity and efficiency. However, an unintended consequence of these advancements is the potential for rising agricultural product costs.
A flagbearer hopeful of the New Patriotic Party(NPP) and immediate past Minister for Food and Agriculture, Dr. Owusu Afriyie Akoto is set to attend the African Agriculture, Food and Industry Forum in Istanbul & Tekirdağ, in Turkey.
Odisha has achieved 100% onboarding of its agricultural markets under all regulated market committees (RMCs) in the Centre’s e-NAM portal that has paved the way for the seller of different agricultural and horticultural produce of the state to have a direct linkage with markets.
The non-profit Banco Alimentare della Puglia and the Banco Alimentare della Daunia will be among the next beneficiaries of the "From grain to grain" project.
South Korea's finance ministry said Tuesday it has decided to apply tariff-rate quotas on eight major foodstuff imports to ease households' burden amid rising consumer prices.
The Global Rice Cakes Market Market is carefully researched in the report while largely concentrating on top players and their business tactics
Over 90% of the world's rice crop is harvested and consumed in the Asia-Pacific Region, with China and India claiming over 50% of the production.
President William Ruto’s administration lost at the Court of Appeal, which ruled the matter was of public interest and the government could not impose the move without consultations with the citizenry.
From delivering food at the doorstep to picking tea, China has witnessed a remarkable expansion in the utilization of robots across diverse settings, transforming industries and people's daily life.
While we have seen a good amount of action from the global markets over the last several months, this week was a bit more lethargic, which led to prices falling for the most part. Please note on the request of the trade and parties in the Indian government for slightly different dates, we have switched timing of the Global Rice Traders Summit (India) to Sep 11-13, 2023, which should be an amazing time. We have not been involved in an event in India as of yet and this is going to be a historic year on many levels.
Thought of the week
“Every morning you have two choices: continue to sleep with your dreams or wake up and chase them.”
-- Arnold Schwarzenegger --