Upload
daily-rice-news-letter
View
221
Download
2
Embed Size (px)
DESCRIPTION
Riceplus Magazine shares daily International RICE News for global Rice Community. We publish daily two newsletters namely Global Rice News & ORYZA EXCLUSIVE News for readers .You can share any development news for readers. Share your rice and agriculture related research write up with Riceplus Magazine contact [email protected] , [email protected] For Advertisement & Specs [email protected]
Citation preview
www.riceplusmagazine.blogspot.com www.ricepluss.com
1 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
July 21, 2015 Vol 5 ,Issue VII
www.riceplusmagazine.blogspot.com www.ricepluss.com
2 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
Boosting trade ties with Pakistan is important to our growth
BY JULIUS BITOK Updated Tuesday, July 21st 2015 at 05:57 GMT +3 Share this story: Kenya
and Pakistan have long enjoyed strong diplomatic ties, underpinned by robust commercial
activities. Currently, trade between the two countries is worth about Sh81.8 billion ($800
million) annually, with Pakistan being a leading importer of Kenya‘s tea, and more than 80 per
cent of the rice imported into Kenya coming from Pakistan. Data from the Kenya Bureau of
Statistics shows that in 2014, tea accounted for more than 95 per cent of total exports from
Kenya to the South Asian nation. Pakistan is the fourth-leading destination for Kenya‘s goods
after Uganda, Tanzania and Britain. In 2013, we exported goods worth Sh37.8 billion to
Pakistan. And in 2014, the country was the leading importer of our products in Asia, buying
goods worth Sh47.7 billion, an increase of Sh9.9 billion over 2013.
Strategic deals Aside from tea, other high-potential export commodities from Kenya to Pakistan
include coconuts, dry nuts, mangoes, fresh flowers and powdered milk. Pakistan can, through
strategic deals, sell to Kenya pharmaceuticals, surgical equipment, textiles, farm machinery and
sports goods at favourable terms. Several factors underpin trade between the two countries,
including a strong commitment from the two nations to grow their ties. This is driven mainly by
the fact that bilateral relations have become a key cog in transforming the two economies. These
bilateral relations have been sustained by a raft of agreements. For instance, rice from Pakistan
attracts 35 per cent duty, while commodities from other markets face higher levies. On its part,
Pakistan imposes 5 per cent import duty on Kenyan tea.
See Also: The paradox of foreign investment in Kenya A second reason our relations are bound
to improve is the ongoing integration of East African economies, which is shaping the region
into a huge market for goods and services. With a population of more than 100 million, the five-
nation East African Community is attracting investors from all corners of the globe. Pakistani
traders and investors have the opportunity to expand their engagement with Kenya to gain a
foothold in the region and cash in on its potential. Kenya is East Africa‘s financial and
technology hub, and a gateway to the region, with most imports and exports going through the
busy Mombasa port. The country‘s position in East Africa, and its stature in Africa, was further
boosted by last year‘s rebasing, which saw Kenya leap into middle-income status and become
the continent‘s ninth largest economy, up from 12th.
https://www.standardmedia.co.ke/business/article/2000169890/boosting-trade-ties-with-pakistan-is-
important-to-our-growth
9th SME FORUM TO BE HELD ON 25th AUGUST
2015 IN LAHORE Jul 18, 2015 | Thaver
Dear ALL,
We are pleased to inform you that the 9th Pakistan SME Forum 2015
(www.shamrockconferences.ne t) will be held on August 25, 2015 in Lahore. Organized in
www.riceplusmagazine.blogspot.com www.ricepluss.com
3 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
consultation with UNISAME and the support of the State Bank of Pakistan, the SME Forum has
evolved into an effective and strong platform to promote the cause of SMEs in Pakistan.
YOU ARE CORDIALLY INVITED TO ATTEND: Please register at
[email protected] – Thank you
Menin Rodrigues
Chairman
9th Pakistan SME Forum 2015
http://www.unisame.org/9th-sme-forum-to-be-held-on-25th-august-2015-in-lahore/
UCCE Rice Production Workshop, July 24, Yuba City Friday, July 24, 2015 • Yuba City, CA
The UCCE Rice Production Workshop covering the principles and practices of rice production will
be held July 24 in Yuba City, Calif.
The workshop location is The Refuge Restaurant, 1501 Butte House Rd.
Agenda:
8:30 - Sign in, pick-up class material
9:00 - Introduction, workshop overview
9:10 - Rice growth and development
9:30 - Land formation, water management
9:50 - Tillage, planting, stand establishment
10:10 – Break
10:30 - Variety selection
11:00 – Invertebrates
11:30 – Diseases
12:00 – Lunch
1:00 – Fertility
2:00 - Weeds
3:00 – Adjourn
A $100 prepaid enrollment is required, and is limited to 75 people.
Enroll by July 21. Seats will be filled on a first-come basis.
DPR and CCA continuing education credits requested.
For more information, contact UCCE Farm Advisor Cass Mutters at (530) 538-7201
and [email protected]. http://westernfarmpress.com/ucce-rice-production-workshop-july-24-yuba-
city?utm_source=USA+Rice+Daily%2C+July+21%2C+2015&utm_campaign=Friday%2C+December+1
3%2C+2013&utm_medium=email
All private companies allowed for C-Grade Thai rice
auctions
BY EDITORON 2015-07-22THAILAND
All private companies allowed for C-Grade rice auctions
BANGKOK, 22 July 2015 (NNT) – The Minister of Commerce announced that all
companies are allowed to bid in the C-Grade in-stock rice auction, and has appointed the
Permanent-Secretary to inspect the government’s rice warehouses on Wednesday.
www.riceplusmagazine.blogspot.com www.ricepluss.com
4 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
The Minister of Commerce Gen Chatchai Sarikulya has revealed that the government‘s auction
on C-Grade in-stock rice will be open to all private companies, including traders and millers. He
added that the regulation and agreements for private participation have already been clarified.
He mentioned that the in stock rice must be inspected for fungi, and added that contaminated rice
will also be supplied to the industrial sector for energy production of ethanol or biomass, due to
the fact that contaminated rice cannot be consumed or used to feed animals. Meanwhile, the
Permanent-Secretary of Commerce Ministry is set to lead the media to inspect the C-Grade rice
warehouses on Wednesday.C-Grade is a category that the rice grain quality has deteriorated.The
Minister of Commerce has added that the price of unmilled rice is poised to rise from the current
10,000 baht, while the Department of Foreign Trade has been ordered to discuss with rice
exporters and millers to help push the price of rice and to expanding rice exports during the later
half of this year.Rice exporters of Thailand are set to visit Africa during 25-30 July 2015, to
discuss more trade negotiations and cooperations with African rice importers.
http://news.thaivisa.com/thailand/all-private-companies-allowed-for-c-grade-thai-rice-auctions/108154/
PDS Scam: SC Asks Ex-MLA to Move Chhattisgarh HC or
Lodge FIR By PTI
Published: 20th July 2015 08:26 PM
Last Updated: 20th July 2015 08:28 PM
Email2
NEW DELHI: The Supreme Court today asked a former legislator and others, who have sought a
court- monitored CBI probe in alleged scam to the tune of Rs 36,000 crore in the public
distribution system in Chhattisgarh, to either move the High Court or lodge an FIR in the case.A
bench headed by Justice T S Thakur, however, kept the petitions for hearing on July 27 and
asked the petitioners to provide more information in support of their claims.Attorney General
Mukul Rohatgi, appearing for the state of Chhattisgarh, vehemently opposed the pleas by
terming them as the part of "political vendetta".The bench, during brief hearing, also asked
senior lawyer and former Minister Kapil Sibal as to whether he was appearing in the case to
settle political score, saying "are you fighting political battle through this?"
"I will leave the case if that is the impression. In fact, two Congress people are also involved,"
Sibal responded.The bench, also comprising Justices V Gopala Gowda and R Banumathi, asked
about the petitioners and directed them to go to the Chhattisgarh High Court or lodge an FIR and
then come to it, if nothing happens there.Referring to the Vyapam scam, Sibal said that
influential persons in the states were involved and the state police cannot do justice to the
investigation.He also referred to the alleged recovery of a diary during the probe and said the
names of various recipients of illegal monies are mentioned.The bench then said "You (Sibal)
know the fate of the Jain Hawala diary.""This is a serious scam," Sibal said adding that several
persons have been made accused in it.The Attorney General alleged that Sibal was not stating the
complete facts of the case.One of the petitions was filed by former MLA Virendra Pandey from
Chhattisgarh seeking a court-monitored probe into the alleged PDS scam.The Chhattisgarh anti-
www.riceplusmagazine.blogspot.com www.ricepluss.com
5 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
corruption bureau (ACB) is probing the alleged irregularities in supply of rice through the PDS
in the state.
Pandey, in his plea, has sought transfer of the probe in Chhattisgarh's PDS scam to the CBI,
claiming that the PDS scam has "engulfed Chhattisgarh casting a long and dark shadow over
credibility and integrity" of the government itself.The plea also claimed the recent developments
have shown that the investigation agency ACB has been carrying out the probe "just in order to
safeguard the main perpetrators of the crime who happen to be high dignitaries of
Chhattisgarh.""In the present case, all the officials of Civil Supplies Corporation Raipur,
Chhattisgarh from field level to senior officers are involved in the illegal act of procuring,
transporting and storing of rice."These officers are misusing their authority to illegally recover
money from the rice millers during procurement and transportation of rice and other food grains
as well," it said.Under PDS, essential commodities such as rice, wheat, sugar, kerosene and salt
and other commodities notified by the State Government are sold to ration cardholders through
the Fair Price Shops at concessional rates.
http://www.newindianexpress.com/nation/PDS-Scam-SC-Asks-Ex-MLA-to-Move-Chhattisgarh-HC-or-
Lodge-FIR/2015/07/20/article2930781.ece
Rice prices to rise' amid lower supply, high demand
Petchanet Pratruangkrai
The Nation July 22, 2015 1:00 am
The price of Thai rice is expected to climb steadily into next year, mainly because of the impact of
drought on the world market as well as production in Thailand.However, there are still some factors that
could suppress the price including the world economy, the financial problems in some countries, and the
oil price, as it affects the purchasing power of some rice-importing nations.The Thai Rice Exporters
Association (TREA) announced yesterday that Thailand should be able to export between 9.5 million and
10 million tonnes of rice this year, as drought has increased demand in many countries, while Thailand
has plenty of rice stocks.
TREA president Charoen Laothamatas said Thailand should be able to export at least 9.5 million
tonnes of rice worth not less than US$4.77 billion (Bt165 billion)."The drought will encourage
higher rice prices in the world market and domestically amid higher demand amid lower
production in Thailand and many countries. In Thailand alone, rice output is expected drop by
15-20 per cent or about 2 million to 3 million tonnes from the drought," he said.He said the price
of rice had bottomed out and should increase in the future after lower production, while higher
demand by many importers such as the Philippines and Indonesia. Thailand shipped 4.5 million
tonnes of rice in the first half, down by 1.1 per cent year on year. During the same period, India
shipped 4.24 million tonnes, while Vietnam exported 2.42 million tonnes.
The association expects the domestic rice price to be above Bt9,000 per tonne of white paddy in
the second half, up from the current level of about Bt8,500, while the export price for white rice
should be above $400 a tonne, up from $390 now. According to an updated "World Markets and
Trade" report released this month by the US Department of Agriculture, global rice trading is
expected to decrease slightly from 43.42 million tonnes last year to 43.72 million tonnes this
www.riceplusmagazine.blogspot.com www.ricepluss.com
6 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
year. World production will drop from 478.18 million tonnes to 476.28 million tonnes,
consumption will rise from 481.47 million tonnes to 484.69 million tonnes, and global ending
stocks will be lowered from 107.36 million tonnes in 2014 to 98.95 million tonnes this year.
Charoen said that with more demand but less supply of rice, it was a good opportunity for
Thailand to release rice from its stocks. The country holds huge stockpiles of up to 15 million
tonnes of rice, and releasing it now should not drive down the price too much.However, there are
still some worrying factors that could hit the rice price. The European Union is still recovering
slowly from the last financial crisis, while declining oil prices in the world market have lowered
purchasing power in some rice-importing countries, mainly Nigeria but also elsewhere in Africa
and the Middle East.
Chookiat Ophaswongse, honorary president of the association, said the baht's depreciation had
stabilised the export price of rice. However, the domestic price of paddy should increase soon as
it has already bottomed out and the drought should help drive it back up.To promote sustainable
development of the rice industry, the association urged the government to manage rice stocks
with high efficiency to ensure minimum impact on the market price of the grain.
The government should accelerate negotiations with its counterparts in rice-importing countries
for rice-sale contracts. It should promote Thai rice overseas, especially Hom Mali rice (jasmine
rice), and stabilise the baht, as well as reduce obstacles or trade regulations and conditions on
rice trading to many markets.
http://www.nationmultimedia.com/business/Rice-prices-to-rise-amid-lower-supply-high-demand-
30264932.html
Jute department seeks DoE‘s help to stop polythene bag
production Abu Bakar Siddique
The Department of Jute has sought the Department of Environment‘s help in stopping the
production of polyethene or poly bags and sacks in the country as it prepares to implement the
Mandatory Jute Packaging Act 2010.―We have sent a letter at the Department of Environment
authorities asking for their cooperation in stopping poly bag production, and we are going to sit
in a meeting in this regard soon,‖ said Mohammad Kefaetulla, director at the Department of
Jute.The environment authorities can help by not permitting poly bag producers to produce the
plastic bags and sacks which are used to package rice, sugar, fertiliser and many other products,
sources said.The government enacted the jute packaging act in January last year aiming to revive
the jute industry, making it mandatory for the country‘s agriculture sector to make all kinds of
packaging with jute material.The law says that paddy, rice, wheat, maize, fertiliser and sugar
must be packaged in jute bags. Violation of the law will result in a maximum sentence of one
www.riceplusmagazine.blogspot.com www.ricepluss.com
7 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
year in jail or a fine of Tk50,000 or both for using non-degradable synthetics to
package commodities.
However, the government‘s move to implement the Mandatory Jute Packaging Act 2010 has
stumbled due to lack of cooperation from rice mill owners, the major instruments in
implementing the act.Most of the rice mills in the country are still using contraband plastic sacks
that are also detrimental to the environment.―Implementation of the act has been slow just
because rice mill owners, who are not interested in packing their products in jute sacks, have
been blocking the initiative,‖ Kefaetulla said last month.Asked about the Department of Jute‘s
letter, Department of Environment Director General Raisul Islam Mondal told the Dhaka
Tribune that his department would lend all its support to the jute sector.
The Department of Environment is the authority responsible to issue environmental clearance to
any kind of industry which produces industrial goods, including poly bags.According to the
Department of Jute, around 750 million jute bags are to be used annually and 50% of the jute
production will be consumed locally once the packaging act is implemented.Sources from
Bangladesh Jute Mills Corporation (BJMC) claimed that the sector would regain strengths
overnight if only 20% of the businesses started using bags made of ―the Golden Fibre of
Bengal.‖Kefaetulla said rice millers use around 1.4 million synthetic sacks annually for
packaging their products; if these sacks could be replaced with jute sacks, it could make a
significant difference.
http://www.dhakatribune.com/bangladesh/2015/jul/21/jute-department-seeks-does-help-stop-polythene-
bag-production
AP rice mills to stop supplies to Consumer fed, Supply
Decision follows dues of over Rs.100 crore
With dues from the State government crossing Rs.100 crore, rice mills based in Andhra Pradesh
have decided to stop supplies to the Kerala State Cooperative Consumer Federation
(Consumerfed) and the Kerala State Civil Supplies Corporation (Supplyco) with immediate
effect.At a press conference here on Monday, general secretary of the Quilon Rice Brokers
Association G. Satheesh said the decision was taken by the East Godavari District Rice Millers
Association (EGDRMA).
No payment in 3 years
Payments had not been made for the past three years and the arrears came to more than Rs.100
crore.Mr. Satheesh said that Kollam-based rice brokers were the prime stockists of the AP-based
rice mills in south Kerala and that the press conference was called under directions from the
EGDRMA. Supplies for south Kerala reach Kollam by rail freight.Mr. Satheesh said the
www.riceplusmagazine.blogspot.com www.ricepluss.com
8 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
EGDRMA representatives had met Chief Minister Oommen Chandy and other Ministers in the
past six months with requests for clearing of dues. But no payments were made.The decision was
not to supply rice to any State government organisation.However, the EGDRMA had said that
the situation would not lead to shortage or price rise of rice in the open market.Rice would be
supplied at the existing rate to the open market. The AP rice millers had said that they had ample
buffer stock of rice and that if there was demand more rakes would be despatched for the open
market next month to meet the Onam-related demands.
http://webcache.googleusercontent.com/search?q=cache:WO3Gu2AoLbAJ:www.thehindu.com/news/nati
onal/kerala/ap-rice-mills-to-stop-supplies-to-consumerfed-
supplyco/article7446089.ece+&cd=1&hl=en&ct=clnk&gl=pk
PH rice sufficiency is desirable, attainable
By Rudy Romero | Jul. 21, 2015 at 12:01am
In articles written in another newspaper, a friend of mine who has worked for both the
government and the private sector has written about the issue of whether a policy of self-
sufficiency in rice makes economic sense for this country.My friend‘s position is that such a
policy, which has been a fixture in successive Philippine development plans, does not make
economic sense. By all means government plans should make generous provision for the
agricultural sector‘s needs, he argued, but Filipino farmers should just do the best thing they can
and accept the idea of other countries supplying this country‘s annual rice supply shortfall. This
country should not be despondent over the fact that Filipino farmers are unable to supply all of
the nation‘s rice needs and should simply strive to support the most efficient farmers. Rice self-
sufficiency, he concluded, should not be regarded as an inviolable goal.
With all due respect I disagree with my friend and colleague. My inability to agree with him
stems not from any obsession with the idea of rice self-sufficiency but from a firm belief that this
country has the capability to produce all the rice it needs. It has approximately 3,000,000
hectares devoted to rice and corn cultivation, around 50 significant rivers capable of providing
irrigation water, abundant technology—the world‘s leading rice research facility, the
International Rice Research Institute, is located in this country—a government agricultural
extension structure and adequate supplies of basic farm inputs. With all of these availabilities, it
is extremely difficult to comprehend the Philippine rice industry‘s inability to produce grain
sufficient to meet this country‘s requirement.
My economist colleague was correct in pointing out that the rice-growing areas of the
Philippines are not of equal productive capability and that the same amount of investment will
yield a higher output in some rice-growing areas than in others. An agricultural policy that
invests resources in--and expects high outputs from--both premier and marginal rice-growing
areas is thus bound, in his view, to result in failure.Self-sufficiency is attainable, but the rational
path to that result is not the unselective expenditure of resources but the concentration of
www.riceplusmagazine.blogspot.com www.ricepluss.com
9 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
spending on rice-growing areas with the highest yields per unit of investment. These areas have
already been identified by government agricultural experts.They include the Cagayan River
valley (especially Isabela), the Bicol River basin, Quezon, Mindoro, Iloilo, Negros Occidental
and Central Mindanao. These areas still have fertile soil and are well drained by rivers. They are
the best rice-growing areas in the nation.
The concept of the government agricultural planners was that these high-productivity areas
would supply the rice needs of the surrounding provinces, viz., Iloilo would take care not only of
that province‘s needs but also of the needs of all the Panay Island provinces and the Bicol River
basin would answer for the needs of the Bicol provinces.The administration of Ferdinand Marcos
has the right approach to maximizing the benefits from foreign assistance to Philippine
agriculture. It agreed with the foreign donors that each of them would answer for the investment
requirement of a specific rice-growing area.
Thus, it was agreed that USAID (the United States Agency for International Development)
would answer for the investment requirement of the Bicol River basin, JICA (Japan International
Cooperation Agency) would take care of the financial needs of Central Mindanao, and so on.
The Department of Agriculture, with the full support of Neda (National Economic and
Development Authority) made certain that the concept would be successfully implemented.Rice-
sufficiency in this country is not pie in the sky. It is achievable. But the way to get there is not by
constantly deriding the notion--citing other nations‘ thriving rice industries--but by more
judicious use of national resources available for Filipino rice farmers.
E-mail: [email protected]
http://manilastandardtoday.com/2015/07/21/ph-rice-sufficiency-is-desirable-attainable/
PH says private traders apply to import 300,000 T rice Reuters
Posted at 07/21/2015 11:35 AM
MANILA - Private rice traders in the Philippines are seeking to import around 300,000 tonnes of
the staple food, mostly from Vietnam and Thailand, an official of the state grains procurement
agency told Reuters on Tuesday.The volume is a little more than a third of the maximum
805,200 tonnes that traders can import with 35 percent tariff before the Nov. 30 deadline, but
will nonetheless help boost domestic supply at a time local harvest is seasonally weak.The
Philippines, a major rice importer, has been boosting buffer stocks to keep retail prices stable
especially during the traditional lean harvest season starting this month."Maybe the entire
volume will not be taken considering that importers are not interested to buy from other
countries like China, Australia, India, Pakistan (and) El Salvador," said Piolito Santos, manager
at NFA's Grains Marketing Operations department.
Traders have until July 30 to apply to import rice with quality not lower than 25 percent
broken.Rice export prices in Thailand, the world's second-biggest supplier after India, extended
gains last week on concerns that a drought may cut domestic output, while demand from private
www.riceplusmagazine.blogspot.com www.ricepluss.com
10 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
Philippine firms has also pushed up prices in No. 3 exporter Vietnam.Under the guidelines,
traders can import up to 293,100 tonnes each from Thailand and Vietnam, up to 50,000 tonnes
each from China, India and Pakistan, 15,000 tonnes from El Salvador and the rest from any other
countries.The NFA has so far bought a total of 550,000 tonnes from Vietnam and 200,000 tonnes
from Thailand in government-to-government deals this year.The agency also has permission
from President Benigno Aquino to import an additional 250,000 tonnes if a drought brought on
by the El Nino weather phenomenon intensifies and hurts local rice production.Latest
government data show local rice prices have fallen around 5 percent from a year earlier, when
the retail costs shot up dramatically due to damage to supply chains from Super Typhoon Haiyan
in late 2014 and the government's failure to import additional volumes on time.
http://www.abs-cbnnews.com/business/07/21/15/ph-says-private-traders-apply-import-300000-t-rice
SunRice tests farmer shareholder support for listing
ELI GREENBLAT
THE AUSTRALIAN
JULY 21, 2015 8:30AM
SunRice has had ‗very positive response‘ to the potential capital structure. Picture: Andy Rogers
SUNRICE, one of Australia’s last remaining export monopolies, has begun a poll of its
farmer shareholder base as it gauges support for plans to list its shares on the stock
exchange and invite new investors to its register.
If the SunRice board gains approval from A-class and B-class shareholders for a capital -
restructure, the company could list on the ASX by the end of the year.The business handles about
700,000-800,000 tonnes of rice a year on behalf of farmers, as well as selling other snack foods
www.riceplusmagazine.blogspot.com www.ricepluss.com
11 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
under the Always Fresh label.The move follows a string of agricultural businesses floating on the
market including Murray Goulburn, Australia‘s largest dairy company, which raised $500
million in fresh equity in a partial ASX float. The Australian recently reported that cooking
legend Maggie Beer planned to list her food business.A shift from the illiquid National Stock
Exchange to the ASX would create a sizeable new company for the main board.
Last financial year, SunRice posted sales of $1.25 billion and an after-tax profit of $43.42m, up
46 per cent. As part of its journey to the ASX, SunRice has conducted rounds of briefings with
its farmer and investor shareholders and will now conduct a phone poll to test the level of
support for a capital restructure and listing.SunRice chairman Laurie Arthur said the group had
received a ―very positive response‖ to the potential capital structure, which would preserve
grower shareholder control.
―This new structure represents a significant opportunity to change the way we fund SunRice‘s
growth and build an Australian-controlled food company of scale that can compete in global
markets to benefit all growers and shareholders,‖ Mr Arthur said. ―As we approach the final
stages of the capital structure review, feedback from our shareholders will be crucial in
informing whether or not we move forward with the new structure and bring it back to
shareholders to vote on.‖
Under a proposal before investors, existing B-class shares would become B preference shares
held by a new SunRice fund, which would be listed on the ASX.The fund would then issue B
securities that could be traded on the ASX and give holders economic rights including dividends.
Shareholder growers with A-class shares would preserve their control of the company.
http://www.weeklytimesnow.com.au/agribusiness/sunrice-tests-farmer-shareholder-support-for-
listing/story-fnkeqfxg-1227450359711
Prolonged Thailand drought threatens global rice shortage
SciDev Net Monday 20 July 2015
Prolonged drought in Thailand may lead to a shortage in world rice supply if adaptation methods
to raise rice production are not taken, scientists warn. The drought is putting pressure on
Thailand‘s economy, the word‘s largest rice exporter. Although the nation‘s Royal Irrigation
Department has estimated rainfall in late July, farmers have been advised to delay planting until
August to meet water demands for public consumption.
Shaobing Peng of Huazhong Agriculture University in China believesclimate change is now
affecting the seasonal weather in Thailand. ―Global mean surface air temperature has increased
by 0.5 degree Celsius in the twentieth century and will continue to increase by 1.5 to 4.5 degrees
Celsius this century. We need to think of more holistic and adaptive measures aside from drought
management such as heat-resistant seeds,‖ adds Peng, a former senior crop physiologist at the
International Rice Research Institute.
He says, as an added pressure, world rice production will have to increase by one per cent
annually to meet the increasing demand for the commodity. To adapt to climate change, the
www.riceplusmagazine.blogspot.com www.ricepluss.com
12 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
Thai government has initiated plans to introduce drought-resistant seeds. But these seeds are not
reusable and can be costly to poor farmers who are not receiving direct financial aid.
Government-supplied seeds are also limited, forcing farmers to obtain their seeds from
private suppliers.
With 60 million rai (960,000 hectares) of land reserved for paddy still barren, many farmers are
resorting to secondary crops to make sufficient income. ―Farmers are aware of climate change
and they have been complementing their crop production with sugarcane, cucumber, long beans
and tilapia. Their main source of income still comes from rice yields, and with only 10 per cent
of farmers receiving government-funded seeds, it still leaves the majority saving their seeds from
the previous year,‖ says Jintana Kawasaki from the United Nations University. Thailand‘s rice
production problems also have economic and political ramifications. Although agriculture
production only accounts for nine per cent of the country‘s GDP (gross domestic product),
majority of the population rely on agriculture for food and income. In 2014, rice exports
accounted for 1.3 per cent of GDP. Rice exports declined drastically in 2011 when then prime
minister Yingluck Shinawatra‘s administration introduced a price support programme.
The policy managed to boost rural income in the short term as the government bought grains
from farmers, boosting domestic prices. This resulted in a decline in the value of rice exports,
from 200 billion Thai baht in 2011 (US$6 billion) to less than US$4.4 billion in 2012. ―The
situation for Thailand‘s rice export industry is improving but they are facing competitors from
neighbouring countries which offer cheaper prices,‖ says Luxmon Attapich, senior country
economist at the Asian Development Bank‘s Thailand resident mission.
The Economic Intelligence Center, the research centre for Siam Commercial Bank, predicts that
Thailand‘s economic growth forecast might be 0.4 per cent lower this year due to the drought.
http://www.eco-business.com/news/prolonged-thailand-drought-threatens-global-rice-shortage/
Jigawa communities welcome Dangote's proposed rice
project
By Innocent Senyo
July 20, 2015 18:27:35pm GMT |
WorldStage Newsonline-- Jigawa State Government and host communities have expressed
support for the Dangote Rice project expected to be the largest in Africa. They gave their
backing for the take off of the project during a series of town hall sensitization meetings with
management of the Dangote Rice Farming Limited.According to the farming plan released
during a sensitization town hall meetings with some host communities by the Dangote Rice
farming Limited, the rice project at Kaffin Hausa has a five year plan to achieve between
175,000 and 200, 000, hectares of rice grown twice a year.The communities specially expressed
satisfaction and delight at the choice of their area for the project just preparations commenced in
www.riceplusmagazine.blogspot.com www.ricepluss.com
13 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
the state which is one of the states, where the company, for a start, is cultivating 600 hectares of
land for commercial rice farming by November.
Jigawa state government was particularly excited at the Out-Grower part of the plan that would
see Dangote Rice helping farmers with implements to cultivate and grow rice which would also
be bought from them by Dangote rice, a project, the state government would compliments its
agenda of job creation and poverty reduction at the grassroots in the state.Already, multi million
dollars worth state of the arts equipment for the commencement of the rice project is expected in
a location in Kaffin Hausa local government area of Jigawa state for the project with potentials
of thousands of direct and indirect job opportunities.The rice project has a plan to follow a due
process for the development of the 20,000 hectares of land for rice farming in order to produce
and sell high quality parboiled rice in the Nigerian market
Management of the Company, led by Alhaji Mohammed Bello said the Dangote Rice project has
the objective of becoming the leaders in rice farming in the world and also boost the Nigerian
economy, encourage self sustainability and import substitution in rice.He said the that company
was set to reduce importation of rice into Nigeria by investing to become the largest farming
operations in the world by 2020 with excess of 150,000 hectares of land spread around three to
five states.According to him, Dangote Rice Company will produce and sell one million tons of
high quality parboiled rice within the next five years and at the same time supporting and
developing Nigerian rice farmers through the out-grower plan that will generate employments.
The management of the Company expressed appreciation to the government of the state for its
willingness to come to the aid of the company to ensure a smooth the off of the project.While
meeting with the communities and some of those whose settlements fall within the government
reserved area earmarked for the project, Bello pleaded for maximum co operation of the people
to realize the project, describing the decision by Alhaji Dangote to delve into the project as
laudable.He promised that the people would experience a new dawn in all areas of their life as a
people as the Company would be ready to give them a new lease of life better than they are
currently experiencing.
The sensitisation meeting has taken the Company and state government officials to some 15
communities including, Ciyayi, Gafaya, Wiwi and Auno villages in Kaffin Hausa local
government area of the state. Community leaders, described the rice project as a transformation
project that they could not but support.They urged Dangote Rice company to put machinery in
motion and commence cultivation as the project would provide thousands of jobs for their youths
who usually abandon the communities for big cities like Lagos, Port-Harcourt and Kano in
search of better living.
They assured that the Project would be safe and that Dangote could go and sleep because they
would do all within their power to protect and make it flourish.In his remark, Alhaji Hamisu
Sabo, the Director of Jigawa Investment, an investment agency of the state government, said the
state government ―has been encouraging and supporting Dangote Rice project because it is a
project that will make a difference in the lives of the people of the state.‖He stated that the
decision to establish the rice project in Jigawa was a boost to the development agenda of the new
www.riceplusmagazine.blogspot.com www.ricepluss.com
14 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
government in the state, pointing out that job creation and poverty reduction are a cardinal
objectives of the state government agenda.
http://worldstagegroup.com/index.php?active=news&newscid=23475&catid=30
AP EDA INDIA (News)
International Benchmark Price Price on: 20-07-2015
Product Benchmark Indicators Name Price
Rice
1 CZCE Early Rice Futures (USD/t) 411
2 Pakistani 100%, FOB Karachi (USD/t) 318
3 Pakistani 15% Broken (USD/t) 365
Peanuts
1 South Africa, HPS 70/80 peanuts CFR main European ports (USD/t) 1200
2 South African, HPS 40/50 peanuts CFR main European ports (USD/t) 1592
3 US 38/42 Runners, CFR NW Europe (USD/t) 1300
Honey
1 Argentine 34mm, CIF NW Europe (USD/t) 3740
2 Argentine 50mm, CIF NW Europe (USD/t) 3630
3 Argentine 85mm, CIF NW Europe (USD/t) 3520
Source:agra-net For more info
Market Watch Commodity-wise, Market-wise Daily Price on 20-07-2015
Domestic Prices Unit Price : Rs per Qty
Product Market Center Variety Min Price Max Price
Maize
1 Amreli (Gujarat) Other 1170 1285
2 Dhing (Assam) Other 1340 1500
3 Barshi (Maharashtra) Other 1400 1400
Barley (Jau)
1 Dahod (Gujarat) Other 1200 1250
2 Deoli (Rajasthan) Other 1100 1115
3 Jhansi (Uttar Pradesh) Other 1120 1220
Pine Apple
1 Aroor (Kerala) Other 2800 3000
2 Sirhind (Punjab) Other 1500 2200
3 Shillong (Meghalaya) Other 2000 2400
Carrot
1 Bonai (Orissa) Other 2000 3000
2 Shillong (Meghalaya) Other 3000 3500
3 Thodupuzha (Kerala) Other 2000 2500
www.riceplusmagazine.blogspot.com www.ricepluss.com
15 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
Source:agra-net For more info
Egg Rs per 100 No
Price on 20-07-2015
Product Market Center Price
1 Pune 320
2 Hyderabad 300
3 Nagapur 297
Source: e2necc.com
Other International Prices Unit Price : US$ per package
Price on 17-07-2015
Product Market Center Origin Variety Low High
Potatoes Package: 50 lb cartons
1 Atlanta Colorado Russet 20 23
2 Baltimore Idaho Russet 16 19
3 Detroit Wisconsin Russet 21 21.50
Cabbage Package: 50 lb sacks
1 Atlanta Virginia Round Green Type 15.50 15.50
2 Miami New York Round Green Type 12.75 13
3 New York Canada Round Green Type 11 12
Grapefruit Package: 7/10 bushel cartons
1 Atlanta California Red 26 27
2 Baltimore California Red 22 23
3 Philadelphia California Red 18 20
Source:USDA
PH says private traders apply to import 300,000 T rice
Reuters
Posted at 07/21/2015 11:35 AM
MANILA - Private rice traders in the Philippines are seeking to import around 300,000 tonnes of
the staple food, mostly from Vietnam and Thailand, an official of the state grains procurement
agency told Reuters on Tuesday.The volume is a little more than a third of the maximum
805,200 tonnes that traders can import with 35 percent tariff before the Nov. 30 deadline, but
will nonetheless help boost domestic supply at a time local harvest is seasonally weak.The
Philippines, a major rice importer, has been boosting buffer stocks to keep retail prices stable
especially during the traditional lean harvest season starting this month."Maybe the entire
volume will not be taken considering that importers are not interested to buy from other
countries like China, Australia, India, Pakistan (and) El Salvador," said Piolito Santos, manager
at NFA's Grains Marketing Operations department.Traders have until July 30 to apply to import
rice with quality not lower than 25 percent broken.
www.riceplusmagazine.blogspot.com www.ricepluss.com
16 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
Rice export prices in Thailand, the world's second-biggest supplier after India, extended gains
last week on concerns that a drought may cut domestic output, while demand from private
Philippine firms has also pushed up prices in No. 3 exporter Vietnam.
Under the guidelines, traders can import up to 293,100 tonnes each from Thailand and Vietnam,
up to 50,000 tonnes each from China, India and Pakistan, 15,000 tonnes from El Salvador and
the rest from any other countries.The NFA has so far bought a total of 550,000 tonnes from
Vietnam and 200,000 tonnes from Thailand in government-to-government deals this year.
The agency also has permission from President Benigno Aquino to import an additional 250,000
tonnes if a drought brought on by the El Nino weather phenomenon intensifies and hurts local
rice production.Latest government data show local rice prices have fallen around 5 percent from
a year earlier, when the retail costs shot up dramatically due to damage to supply chains from
Super Typhoon Haiyan in late 2014 and the government's failure to import additional volumes
on time
http://www.abs-cbnnews.com/business/07/21/15/ph-says-private-traders-apply-import-300000-t-rice
Rice Wednesday is Back in Mexico
If it's Wednesday,
it's U.S.-grown rice!
MEXICO CITY, MEXICO -- The popular USA Rice
"Rice Wednesday" promotion is underway here at La
Chilanguita, a chain with 11 restaurants in high traffic
areas in Mexico City and Mexico State, including its most
popular location, Masaryk, the most exclusive area in
Mexico City. The promotion began last month and runs
through December. Patrons of La Chilanguita can choose
between four rice entrees: Arroz a La Tumbada (a dish
from Veracruz combining rice and seafood), Arroz Frito
(fried rice), Morisqueta (a spicy rice dish from
Michoacán) and paella. The restaurant reports the most
popular rice dish, generating many repeat visits, is the
USA Rice paella. So popular, in fact, the managers of
several locations have chosen to serve the paellas with
U.S.-grown rice on Sundays as well.
Angel Donovan, Executive Chef of La Chilanguita, enjoys
working with U.S.-grown rice. He included a popular rice
ceviche from his restaurant in the USA Rice "Great
Chefs" cookbook in 2014 and has appeared on the Arroz
Gourmet TV Shows.
"Since the promotion started, it has inspired me to create new rice dishes to include in the daily
suggestions, and the most popular options will become a staple on the menu," Donovan said.
www.riceplusmagazine.blogspot.com www.ricepluss.com
17 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
La Chilanguita purchases nearly 1,500 pounds a month of U.S. long grain and parboiled rice from
Schettino, one of the largest millers/packers in Mexico.
Contact: Sarah Moran (703) 236-1457
CME Group/Closing Rough Rice Futures
CME Group (Prelim): Closing Rough Rice Futures for July 21
Month Price Net Change
September 2015 $11.005 + $0.115
November 2015 $11.275 + $0.110
January 2016 $11.545 + $0.110
March 2016 $11.700 + $0.110
May 2016 $11.885 + $0.110
July 2016 $11.885 + $0.110
September 2016 $11.895 + $0.110
Riceland Class Visits USA Rice Headquarters
Riceland Getting In-Depth at USA Rice ARLINGTON, VA-- Rice farmers from Arkansas taking
part in the Riceland In-Depth program visited USA Rice headquarters yesterday for a briefing on
the structure and work of the U.S. rice industry's national association. The class met with USA
www.riceplusmagazine.blogspot.com www.ricepluss.com
18 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
Rice staff for a briefing on government affairs, trade, promotion and communications activities.
In welcoming the group, USA Rice President & CEO Betsy Ward stressed the
importance of education and engagement for young rice farmers through programs like Riceland
In-Depth. "I commend you for taking part in this program and being proactively informed on the
issues that affect you as rice farmers," Ward said. "Those are the issues USA Rice is here to
work on every day, and we appreciate the opportunity to meet with you in person."
The group's study session in Washington, D.C. also included meetings with
administration officials and congressional offices.
Contact: Trish Alderson (703) 236-1472
www.riceplusmagazine.blogspot.com www.ricepluss.com
19 For Advertisment in Newsletter & Blog Advertisment Contact: [email protected]
Government allows bulk exports of rice bran oil, removes quantitative restrictions
By PTI | 21 Jul, 2015, 11.30PM IST
The government allowed bulk exports of rice bran oil and removed quantitative
restrictions on out-bound shipments of organic edible oils.NEW DELHI: The government
today allowed bulk exports of rice bran oil and removed quantitative restrictions on out-
bound shipments of organic edible oils. The Cabinet Committee on Economic Affairs
(CCEA) has approved the Commerce Ministry's proposal to "allow unrestricted exports
of rice bran oil in bulk", sources said. It removed the "quantitative restrictions of 10,000
tonnes per annum on exports of organic edible oils", they added. Although India is a
major importer of edible oils, the Centre has allowed bulk exports of rice bran oil to help
small rice millers realise better price as demand of this cooking oil remains limited in the
domestic market. India imports over 10 million tonnes of vegetable oil -- largely edible --
annually, which is some 60 per cent of the country's total demand. Edible oil exports have
been prohibited since March 17, 2008. Certain exemptions have been allowed from time
to time.
The government has now decided to allow bulk exports of rice bran oil, considered as
premium edible oil with limited consumption in India, without any restrictions of
minimum export price or consumer packs, sources said, adding that this would not
increase the cost of rice. Industry body Solvent Extractors Association Executive Director
B V Mehta welcomed the move. He said, "This would help rice farmers as well as the
country in realising full potential in this segment. India produces one million tonne (mt)
of rice barn oil, but we have capacity to reach 1.6 mt." On organic edible oils, the
quantitative restrictions have been lifted to send a clear message to investors and the
growers to invest in organic exports. The exports will be subject to export contracts being
registered and certified as 'organic' by the Agricultural & Processed Food Products
Export Development Authority (APEDA).
http://economictimes.indiatimes.com/news/economy/agriculture/government-allows-bulk-
exports-of-rice-bran-oil-removes-quantitative-restrictions/articleshow/48165144.cms