Pact for $40m food processing plant at Sohar
Freezone
in Business
JOINT VENTURE: Usher Agro announces
partnership with Sohar Food Cluster firm –
Business Reporter –
MUSCAT –
MUSCAT –
Oct 25: Indian agribusiness firm Usher Agro Ltd, through its 100
per cent subsidiary Usher Worldwide FZE and Prime Trading LLC, has signed a
Joint Venture Agreement with Al Mada Project Management Company (AMPMC) and
Sohar Food Cluster Company LLC for setting up a rice and pulses storage,
processing and packaging facility at Sohar Port & Freezone. Alpen Capital
India Private Ltd acted as the sole financial advisor to Usher Agro on this
project.The initial facility will be set up at a total estimated project cost
of $40 million and will feature a polishing, grading, blending and packaging
unit for 100,000 tonnes per annum (TPA) of premium long grain rice including
basmati rice and a state-of-the-art milling unit for 100,000 TPA of pulses.The
facility will also incorporate a 25,000 TPA capacity rice fortification plant
based on patented technology provided by PATH — a non-profit organisation
supported by the Bill and Melinda Gates Foundation.
The rice will be fortified with vitamins and minerals to address
nutrition requirements and is envisaged to be sold as a premium product and
also supplied to the government for welfare activities in the wider MENA
region.The basmati rice products of the facility will be distributed within
MENA countries whereas pulses products from the facility will be distributed in
India and MENA Countries. The parties expect to commence the operations of the
facility by end of FY 2016.“The proposed food logistics and processing hub at
the Port of Sohar (SIPC) will provide a unique opportunity for the new Joint
Venture in a strategic location, capitalising on direct access to agro/food
berths and proximity to many export markets in the GCC and the MENA region,”
said Essa al Ghurair, Promoter & Managing Director, Sohar Food Cluster
Company LLC. “We are delighted to partner with Manal al Abdwani of AMPMC and
Essa al Ghurair of SFCC to set up a rice and pulses distribution hub at Port of
Sohar. India is the largest exporter of rice and net importer of pulses. The
Joint Venture company aims to participate in this two-way trade with Port of
Sohar as a hub.
We are confident that
this project once launched will help in food security efforts of the region and
contribute to the creation of significant shareholder value,” added Dr Vinod
Kumar Chaturvedi, Promoter and Managing Director, Usher Agro.
“We are extremely delighted that all parties have come to a mutually beneficial agreement to commence the execution of this project. We are proud to be associated with AMPMC, SFCC and Usher Agro and hope that our expertise in the GCC-India corridor will add value to this landmark project at Port of Sohar,” stated Rohit Walia, Executive Chairman, Alpen Capital India Private Ltd and Alpen Capital (ME) Ltd.
“We are extremely delighted that all parties have come to a mutually beneficial agreement to commence the execution of this project. We are proud to be associated with AMPMC, SFCC and Usher Agro and hope that our expertise in the GCC-India corridor will add value to this landmark project at Port of Sohar,” stated Rohit Walia, Executive Chairman, Alpen Capital India Private Ltd and Alpen Capital (ME) Ltd.
Rice mills falling on hard times
October
25,2015, 04.37 AM IST | | THE HANS INDIA
Karimnagar: Like other agro-based industries,
the rice milling industry is also in a deep crisis in the district. While some
of the mills are already closed, more number of industries are on the verge of
closure. The situation is pathetic in Sultanabad where the highest number of
rice mills are located in both the Telugu speaking States. As many as 30 mills
belonging to Sultanabad, Manakondur and Peddapall were closed and machinery of
15 mills sold. The number of labourers like drivers, hamalis, supervisors,
gunny bag repairers and other workers were left jobless following the closure
of the rice mills.
Though there are a number of reasons for the
present pathetic situation, the increase in the prices of electricity,
transportation and labour charges were some of the main reasons for the
industry being pushed into a catastrophe.Compared to the previous years, there
is huge jump in the price of current bills, labour and transportation charges,
which were vital to run rice mills. But there was no change in the remuneration
being paid to rice millers by the State government towards custom milling
charges. At present, Rs 15 and Rs 22 were being paid per a quintal of raw and
boiled rice respectively. Apart from these issues, the Minimum Support Price
(MSP) is also playing a vital role in staying rice exporters away from state.
Not interested to spend huge amounts on procuring rice from the State, they are
approaching millers of other states such as Chhattisgarh, Uttar Pradesh and
Maharastra where there was no MSP for paddy.
Speaking to The Hans India here on Monday, P
Muralidhar, owner of Maruthi Industries, Sultanabad, said that the remuneration
for custom milling was fixed 20 years ago. There was no change in the payments
for custom milling though the prices of all commodities like diesel,
electricity and other were hiked hundred times, he opined.Another rice miller
from Sultanabad, Poleti Maruthi said that they had brought the issue to the
notice of the State government a number of times in the past, but the
successive rulers did not heed to their request. However, he expressed the hope
that the present Telangana State government would protect the interests of rice
millers.
According to the official figures of the
District Rice Millers Welfare Association, there were 536 rice mills including
242 boiled mills in the district out of which, 111 were located in the
surroundings of Sultanabad mandal headquarters itself. More than 15 mills were already closed while
80 percent of mills belonging to Sultanabad were in crisis.Rice millers from
the district have pinned their hopes on the Finance and Civil Supplies
Minister, Eetala Rajender, who assured the protestors, a few months ago, that
he would help them in resolving their crisis.
Moreover, Rajender’s candidate Bachu Bhaskar has been elected as the
president of district rice millers association in the elections. All the
candidates withdrew from the contest based on the instruction from the Finance
Minister, it was leant.
By:Raghu Paithari
http://www.thehansindia.com/posts/index/2015-10-25/Rice-mills-falling-on-hard-times-182329
|
http://www.coastweek.com/3843-agriculture-03.htm
PH national scientist Benito Vergara dies
Vergara, who was named National Scientist in 2001 for his
contribution on rice research, dies at the age of 81
Reynaldo Santos Jr
Published 11:34 PM, October 25, 2015
Updated 11:44 PM, October 25, 2015
MANILA, Philippines – National
scientist and plant physiologist Benito Vergara died on Saturday, October 24.Vergara's
death is confirmed in a Facebook post by the Philippine Horticulture Society Inc.
(PHCI), where he served as an honorary member.The cause of death of
the 81-year-old Vergara is not immediately clear.Vergara was given the title National Scientist in
2001 due to his significant
contribution on rice research.In an Instagram
post by the National Academy of Science and Technology (NAST),
Vergara is said to have brought "rice science and technology closer to the
popular consciousness.""He worked on the physiology of deep-water
rice and flood-tolerant rice plant. His work has been adopted by national
breeding programs leading to the identification of parent materials with
excellent flood tolerance," said in the post.NAST added that he is also
behind the "conceptualization of a model for the super
rice, an even higher-yielding rice, based on a new ideotype with
the correct panicle morphology, grain development, and low tillering habit as
key components."
Vergara worked at the
International Rice Research Institute (IRRI) from 1961 until 1995.His other
contributions include the book Farmer's Primer on Growing Rice which has been translated into more
than 40 languages, and the development of the Riceworld Museum and the
Philippine Science Heritage Center.Vergara obtained a bachelors degree in
botany from the University of the Philippines in 1955, a masters degree in
botany from the University of Hawaii in 1959, and a doctorate degree in plant
physiology from the University of Chicago in 1960.He was born on June 23, 1934.According
to PHCI, Vergara's body lies at the Arlington
Memorial Chapel in Quezon City from October 25 to 26. It will then be brought
to Los Baños in Laguna for a wake until October 28. –
Rappler.com
Bill Gates deputy visits PH for rice research updates
(2nd UPDATE) Pamela Anderson, a director of the Bill and Melinda
Gates Foundation, has been meeting with IRRI officials, but reports say the
world's richest man himself also visited
Rappler.com
Published 4:32 PM, April 08, 2015
Updated 1:13 PM, April 09, 2015
MANILA, Philippines (2nd UPDATE)
– The world’s richest man, Bill
Gates, was reportedly spotted in Los Baños, Laguna – the hub of the
International Rice Research Institute (IRRI) on Wednesday, April 8.A few social
media posts and online reports said the billionaire philanthropist was seen in
IRRI Wednesday morning.Tony Lambino, IRRI head of communications, neither
confirmed nor denied the visit.Lambino told Rappler, however, that Dr. Pamela
Anderson, the agricultural development director of the Bill and Melinda Gates
Foundation (BMGF) had been in IRRI since the weekend.
He said Anderson and other senior officers of the BMGF were in
the country to get updates on the food and nutrition security programs the
foundation is supporting, with an annual commitment of $18 million. The
briefings of IRRI officials with Anderson concluded Wednesday morning."The
foundation is IRRI's largest philanthropic donor," Lambino said in a text
message.Apparently, a private jet with registration number N887WM and tied to
Gates, was in the country as early as April 4, Interaksyon.com reported.An IRRI employee
shared with Rappler that social media sites, like Facebook
and Twitter, were blocked in the premises of the institute at around 8:00 am to
3:30 pm, before and after the chopper reportedly carrying Gates landed at IRRI.
The chopper was at IRRI from 8:30 am to 3:00 pm, the employee shared.
Research in progress
Scientists at IRRI updated the
BMGF team on advances in research on climate-change-ready rice and varieties
that promise to help solve micronutrient deficiencies.“We are thankful that the
BMGF has come for updates on the food and nutrition security initiatives that
they support,” said Robert Zeigler, Director General of IRRI.“The
foundation is a staunch partner in applying the best of science so that people
in the rice-eating world will not go hungry.”The foundation has invested
in IRRI’s research for Golden Rice, a genetically
modified crop that is seen to help solve hunger and malnutrition in developing
countries.
"It
is hoped that Golden Rice will help improve the health of millions of children
and adults across the Philippines and Bangladesh," the foundation said in
a statement.Environmental groups oppose the GMO-developed rice, warning
of its potential hazardous impact to the environment.The BMGF team was also
shown experimental rice plots for the development of flood- and
drought-tolerant rice. These varieties promise to improve the livelihoods of
the world's poorest farmers by ensuring a good harvest despite weather and
climate upsets.For instance, flood-tolerant rice are supposed to thrive even
after more than 14 days underwater. Non-tolerant rice normally die after just 4
days of submergence.
Philanthropist
BIllionaire
philanthropist Gates, with an estimated fortune of $79.2 billion according toForbes, stepped down as
chairman of Microsoft in 2014, and has been since focusing on the Bill and
Melinda Gates Foundation.Co-chaired with wife Melinda, the
foudation teams up with partners around the world to take on some tough
challenges: extreme poverty and poor health in developing countries, and the
failures of America’s education system."We focus on
only a few issues because we think that’s the best way to have great impact,
and we focus on these issues in particular because we think they are the
biggest barriers that prevent people from making the most of their lives,"
the Gates earlier wrote, explaining the foundation's work. – with a report from Lynda C. Corpuz, Pia Ranada
/ Rappler.com
http://www.rappler.com/nation/110625-national-scientist-benito-vergara-dies
Nearly P10B in rice wasted yearly–study
Sunday, October 25, 2015
ABOUT P27 million worth of rice is wasted in the Philippines
every day, a loss that, unless abated, will go up to nearly P10 billion in a
year’s time.Citing a study by the Philippine Rice Research Institute (PRRI),
Mary Agnes Militante, regional information officer of the National Food
Authority (NFA) in Central Visayas, said that one person, on average, wastes
two tablespoons of rice daily or some 3.3 kilograms in a year.“We are calling
on our consumers not to waste rice because, for one, the Philippines is not
rice-sufficient. We are even importing some of our rice from Thailand and
Vietnam,” Militante said.The NFA is running a nationwide information campaign
that urges Filipinos to pledge to become food guardians. As food guardians,
they should: (1) not waste rice (BeRiceponsible campaign); (2) help in making
sure that rice is available, accessible, affordable, and visible to the public
(Bantay Bigas Campaign); and (3) follow the correct food handling procedures to
ensure that rice is safe for consumers (Food Safety Campaign).The agency is
aiming to gather one million signatures nationwide through its social media
accounts and offices for the commitment to become food guardians.
In Central Visayas 1,850 have
volunteered to become food guardians. Nationwide, the number stands close to
60,000.
To better equip food guardians
with the right knowledge about grains and the rice industry, food guardians are
also advised to attend free seminars about post-harvest technology, food
handling, food quality, food safety, and production-consumption-importation
analysis.According to Socioeconomic Planning Secretary Arsenio M. Balisacan in
recent reports, the country may have to accelerate rice imports in order to
keep prices stable and cushion the impact of recent crop losses from typhoon
Lando and the prolonged dry spell due to El Niño.
http://www.sunstar.com.ph/cebu/business/2015/10/25/nearly-p10b-rice-wasted-yearly-study-437826
Unreasonable mechanism clips the wings of rice exporters
VietNamNet Bridge - Five big rice exporters, including Thailand,
India, Vietnam, Pakistan and the US, are all under the influence of new
economic circumstances. However, Vietnam is the only country which has seen
exports fall.
Huynh The Nang, chair of the Vietnam Food Association (VFA), said
the current conditions do not support rice exports. First, there is an abundant
world supply. Second, the prices are getting more competitive. Third, some new
rice exporters have turned up such as Cambodia and Myanmar. Fourth, rice
importers are now following self-sufficient food policies. However, an
analyst pointed that the factors have had an impact on all the countries
involved in the global rice trade, not only Vietnam.
Vietnam even has advantages over other exporters. Vietnam’s
rice is believed to have the most competitive price. Vietnam’s 5 percent broken
rice is priced at $330-340 per ton, which is only more expensive than Pakistan,
which sells at $310-320 per ton.Experts believe that unreasonable policies are
behind the unsatisfactory rice export performance. Nguyen Van Sanh, head
of the Mekong River Delta Research and Development Institute, noted that rice
cultivation and export are covered by 200 legal documents with overlapping
content and unreasonable regulations which hinder the normal operation of links
in the supply chain.Pham Thai Binh, director of Trung An Company in Can Tho
City, discussing the unreasonable policies for the rice industry, mentioned the
Prime Minister’s Decision No 68 on the policies to help ease losses in
agricultural production.
Binh said the decision only benefits farmers, while export
companies cannot enjoy any benefits.In order to implement the large paddy field
model, i.e., the agricultural production mode under which businesses are
responsible for farmers’ rice consumption, businesses have to make heavy
investment to develop dryer systems to ensure product quality. Meanwhile, they
don’t receive support from the State.“It is enterprises which have to spend
money on processing machines, not farmers,” he said.The State Bank of Vietnam
has committed that the banking system would give financial support to implement
the large-field model. However, it is still difficult to access banks
loans.
Investors who develop the large field model in Can Tho City, for
example, only get money disbursed for the projects in Can Tho, not in other
localities. Regarding rice exports, Dr. Nguyen Duc Thanh from VEPR, an
economic policy research institute, pointed out that the government Decree No
109, since the day it took effect, has weakened the competitiveness of
Vietnamese rice exporters.The decree, which has many strict requirements on
rice exporters, only allows a small number of enterprises to export rice.
TBKTSG
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