Rice exports: Let the market innovate
By Ali
Salman
Published: March 21, 2016
ISLAMABAD:
In 1933, the Kala Shah Kaku based Rice
Research Institute (RRI) introduced Basmati-370, which became the father of all
Basmati varieties in Indo-Pak subcontinent.That institute, together with a
Larkana-based rice research institute, is largely responsible for creation and
distribution of new rice varieties in Pakistan over the last century.
Historically, this has significantly contributed towards Pakistan’s export
earnings.However, the RRI has not produced any new Basmati variety since 1997.
According to
a member of the Rice Exporters Association of Pakistan (REAP), the lack of new
variety of seeds is “the reason for the low yield per acre, which has pushed
rice prices higher” and has curtailed the growth of Pakistan’s exports.
India, on the
contrary, has introduced five new seed varieties in the last 10 years, which
has significantly contributed to the increase in yield.
Pakistan’s
average yield of rice hovers around two to three tonnes per hectare (according
to Pakistan Economic Survey 2015). Meanwhile, most of the rice growing
countries produce, on average, ten tonnes of rice per hectare.
Private
research
Can the
private sector in Pakistan, with possible backing from government funded
agriculture research base, undertake fresh research on new seed
varieties? The prospects are bright.
According to
a major private sector player, it was a private sector initiative to introduce
hybrid IRRI seed after public researchers failed to improve the IRRI variety
brought in the 1960s. Lately, the share of IRRI variety has risen
significantly to constitute almost two-third of total rice exports from
Pakistan, which is a testimony to the potential that private sector research
can bring.
The decline
in global commodity rates did not impact the growers of hybrid IRRI varieties,
because the increase in yield has lowered the cost of production to a large
extent.
This
particular venture highlights the need for the government to invest in the
intellectual property regime so that innovation in the private sector may be
rewarded. We have sufficient level of know-how available within our
universities which can be commercialised provided a framework to reward
innovation exists.
Big picture
Rice exports
have been a subject of debate. Let’s look at the long-term picture of rice
exports – say over the last 25 years. Pakistan has experienced a fluctuating,
yet growing, trend in rice exports over this time period.
In 1990,
Pakistan exported around 1.3 million tonnes fetching approximately $500
million. In 2014, exports added up to 4.6 million tons gaining a little under
$2 billion, with the obvious caveat of these dollars being reported in current
value. However, the growth in terms of quantity is marked and undisputed.
If growth in
rice exports is considered, then the argument of lack of new seed variety may
not be tenable in the first place. The rice exports have continued to increase,
both in quantity and value, despite absence of new seed varieties. In fact, if
history is a guide, then the growth in the decade during the absence of new
seed variety appears to be far more stellar.
One plausible
reason for a decline in the exports of our rice is an increasing share of India
in international basmati market that at one point was way behind Pakistan. Some
agriculture experts claim that low energy costs are important factor for a low
cost of production, as power rates are either zero or very low in Indian Punjab
where the basmati is grown.
The rice
farmers lobby has asked the government “to subsidise rice exports so that the
stock could be disposed of.” This is the usual prescription with predictable
outcomes. Once the government provides such incentives, it will result in
furthering (mis)allocation of credit and investment towards rice.
The right
diagnosis
Commodities
business is always seasonal and rice is no exception. In the first decade of
the century, rising global commodity prices pushed Pakistan’s exports along with
them.
However, with
the global commodity prices going downhill, Pakistan’s rice farmers began
feeling the heat. However, we cannot reverse this trend by introducing
artificial support measures.
There was a
time when the agriculture sector absorbed significant investment at the back of
rising global demand. That time has passed.
Perhaps the
government should consider liberalising the rice market, including its research
component, and trust the market to develop better qualities, exports and
produce on its own.
The writer is founder and Executive Director
of PRIME Institute, an independent economic policy think tank based in
Islamabad.
Published in The Express
Tribune, March 21st, 2016.
Consignments stuck in Kenyan
seaport released
March 20, 2016
All Pakistani rice consignments, which were stuck at the Kenyan
seaport in January, have been released with the efforts of Rice Exporters
Association of Pakistan (REAP). Some 1,500 containers were held up at Kenyan
seaport since January 18, 2016 as licences of two Kenyan Port Yards namely Auto
Ports Container Freight Station (CFS) and Portside CFS were suddenly cancelled. Later, Rafique Suleman Chairman FPCCI
Rice Export Committee and immediate past chairman REAP reached Kenya to resolve
the matter and ensure timely release of held up rice consignments. "With
the support of Pakistan High Commission Nairobi, the issue has been finally
resolved and entire Pakistani rice consignments stuck at the Kenyan seaport
have been released", Rafique told Business
Recorder on Saturday.
He said that officials of Kenya Port Authority (KPA) fully
cooperated with Pakistani rice exporters and not only ensured timely release of
over 1,500 rice containers, but also full waived storage charges amounting to
Rs 200 million, imposed on all cargo that arrived from Pakistan during January
18, to February 15, 2016. Rafique
also appreciated the role of Raza Bashir Tarar High Commission of Pakistan at
Nairobi and Amir Mohyuddin Commercial Counsellor for their efforts in releasing
held-up rice containers. "Now we are making efforts for reduction in duty
imposed by the Kenya on rice import and recently we held a meeting with
Professor Julius K Bitok High Commissioner of Republic of Kenya in
Islamabad", he said.
Kenyan High Commissioner has assured to raise the higher duty
issue on East African platform, he added. He said that following the massive
decline in the prices of all commodities in the international market, the rice
exports are also likely to reduce in term of quantity in FY16, therefore it
needs to explore new markets to maintain the current exports level.
http://www.brecorder.com/agriculture-a-allied/183/27434/
Prasad joining PH hybrid rice plan
Hyderabad-based
Prasad Seeds is tapping Philippine rice seed technology and joining the
proposed hybrid rice production program of the government.Prasad consultant for
export marketing William Dar said the company would take part in the program,
committing at least 10 percent of the hectarage sought for hybrid rice farming
for a very competitive price. “I understand that the government will be targeting
almost half a million to be devoted to hybrid rice production. Prasad is just
starting seed production in the Philippines, but we are willing enough to
provide support to the program,” he said.The company plans to produce at least
1,000 metric tons of seeds to cover as much as 50,000 hectares, or 10 percent
of the half-a-million hectare rice farm that will be devoted to hybrid farming.Prasad
plans to use hybrids developed by the International Rice Research Institute.Dar
stressed the seeds would not be imported nor genetically modified.He added the
initial production would be devoted to Philippine requirements and go for seed
exports as soon as the company had an excess capacity.
“We
wil revisit our business plan. We plan to export in due time once we have the
confidence” Dar said.Prasad is in talks with other countries discussing plans
on the seed processing side of the business.It has reached an agreement with
Syngenta Philippines for seed production for local marketing.Sygenta provides
Prasad the parent line necessary to produce commercial hybrid seeds for
planting.Prasad has been producing seeds in India in the last 30 years,
starting with hybrid corn.Seed production will start in October 2016 until
January 2017 at the Prasad farm in Pangasinan province.Provincial board member
Ranjit Ramos-Shahani promised to create a provincial ordinance granting Prasad
Seeds a five-year exemption from real estate taxes.Earlier, Prasad Seeds sought
pioneer incentives from the Board of Investments for its corn
seed-processing facility.Prasad Seeds is a global company headquartered in
Hyderabad, India.
http://thestandard.com.ph/business/202178/prasad-joining-ph-hybrid-rice-plan.html
Scientists Developing Climate-Adapted GMO Rice
March 21, 2016
BONNER R. COHEN
Genetically engineering a new
strain of hyper-efficient, drought-resistant rice, known as C4, is part of a multi-national
research effort the Massachusetts Institute of Technology has called one of the
“10 Breakthrough Technologies of 2015.”A team of scientists from eight
countries at the International Rice Research Institute in Los Banos,
Philippines is genetically modifying certain strains of rice to reduce the
amount of water required to grow the rice. Rice is a staple food crop in many
countries around the world. Rice crop failures have led to malnutrition,
disease, and death for millions of people over the past 10,000 years.
Rice plants grow through a chemical process known as C3
photosynthesis, which wastes a great deal of water and reduces plant’s
food-making efficiency. It also makes C3 plants vulnerable to the extremely
warm weather often experienced in many rice-growing regions of the world.Natural
C4 plants have a different cell structure in their leaves, enabling a more
efficient photosynthesis process. Because they lose less water through
transpiration, C4 plants are more likely to produce successful yields during
droughts. Rice is a water-intensive crop, so reducing the amount of water lost
through transpiration is important in regions that experience frequent or
periodic irregular drought.By genetically engineering rice strains using the C4
process, scientists hope to develop a durable and drought-resistant rice plant
that could be used in many areas around the world.
In an article published in Newsweek on the C4 rice project, Paul Quick,
one of the leading scientists at the International Rice Research Institute,
said, “It’s like putting a turbocharger in a car. These plants focus carbon
dioxide so that instead of having 400 parts per million, you’ve got 1,000 or
1,500 parts per million.”
“C4 plants grow in hotter, drier areas,” Julian Hibberd, a
professor of molecular physiology at Cambridge University, told Newsweek.
“They have a better tolerance for periods of low water supply.”
Analysts say if scientists achieve the C4 rice breakthrough they
are seeking, it will be further proof of the success and significant potential
of crops that utilize genetically modified organisms (GMO).
“C4 rice would represent an important breakthrough in sustainable
agriculture,” said Gregory Conko, author of numerous articles and books on GMO
crops and the biotechnology and executive director of the Competitive
Enterprise Institute. “Most of the new varieties being developed—whether with conventional
or GMO methods—combat losses due to pests, plant diseases, and weeds, which
helps farmers get the best yields from their crops.
“But an improvement like C4 photosynthesis would significantly
raise the yield potential for every plant,” Conko said. “That [would, in turn,]
mean getting more food from every acre and reducing the need to bring
undeveloped land into farming.”
Despite the potential promise of C4 rice, Mischa Popoff, a former
U.S. Department of Agriculture organic food inspector and the author of Is
it Organic?, warns of the threat to GMO crop development posed by
lobbyists working for the organic food industry.
Organic-farming groups have attacked GMO crops for decades,
claiming GMOs will inevitably spread beyond the fields they are planted in and
interbreed with nearby organic crops, thereby destroying their “organic”
nature.
“It’s impossible to destroy the organic integrity of an organic
crop through any kind of GMO intermingling or interbreeding,” said Popoff.
“While organic farmers are not allowed to make use of GMO seed in their fields,
there is no impact whatsoever if an organic crop contacts with or
cross-pollinates with a GMO crop. The government still allows it to be labeled
‘organic.’
“Unfortunately, the tax-subsidized, anti-GMO global organic
industrial complex dominates the domain of public relations, perpetuating the
myth GMOs pose an existential threat to organic crops,” said Popoff. “If GMOs
did threaten organic crops, we would already have seen a plethora of legal
cases setting precedent to that effect. There have been no such cases. None.
“If anti-GMO organic activists are successful, C4 rice will wind
up on the back shelf, alongside a growing stockpile of other drought-resistant
GMO crops, such as wheat and barley, scientists were forced to abandon out of
fear of a ginned-up public backlash,” Popoff said.
Bonner R. Cohen, Ph.D. (bcohen@nationalcenter.org) is
a senior fellow at the National Center of Public Policy Research
Unisame lauds approval of STPF and thanks PM
The Union of Small and Medium
Enterprises (Unisame ) thanked prime minister (PM) Mian Nawaz Sharif and
federal commerce minister Engineer Khurram Dastagir for the final approval of
the much awaited Strategic Trade Policy Framework (STPF) and urged the PM
to order its fast implentationPresident Unisame Zulfikar Thaver
especially thanked the Ministry of Commerce for giving cognisance to the
impediments in exports and making plan for facilitating exporters.
Thaver urged the PM to consider low premium export credit
guarantee insurance and finance for exports to third world countries and
promoting exports to non traditional markets of non traditional and traditional
goods by financing exports under collateral management schemes.He said banking,
insurance , global marketing technology and logistics are the key to export
promotion and unless there is modernization in these spheres there cannot be
high impact.The union expressed thanks for the research and development policy
and the 0 rating for exports and for taking into account the issues of basmati
rice exports.The union assured the PM of best efforts of the SME
sector for value addition which is the theme of the STPF
UNISAME STRESSES NEED FOR EXPORT
CREDIT GUARANTEE INSURANCE & SME EXPORT HOUSE IN STPF
The Union of Small and Medium Enterprises (Unisame )
whilst thanking the prime minister (PM) Mian Nawaz Sharif and federal commerce
minister Engineer Khurram Dastagir for the approval of the much awaited
Strategic Trade Policy Framework (STPF) urged the PM to order its fast
implementation and to include SME marketing support and export credit guarantee
insurance to make effective strategy to enhance exports.
President
UNISAME ZulfikarThaver pointed out that without low premium export credit
guarantee insurance and secondly finance for exports to third world
countries and thirdly promoting exports to non traditional markets of non
traditional and traditional goods by financing exports under collateral management
schemes, the exports would not get a boost.
He complained that the establishment of the SME Export House has been shelved
although the trade Development Authority of Pakistan (TDAP) had prepared its
feasibility and the steering committee was formed and it was to be set up but
abandoned. Even the SME Gallery for the internet exhibition of SME wares has
been delayed for no valid reason.
He
also invited the kind attention of the PM to the requirement of balancing,
replacement and modernization of industrial units to meet global challenges and
urged the PM to facilitate these in the STPF for better results.
He said banking, insurance , global marketing technology and
logistics are the key to export promotion and unless there is modernization in
these spheres there cannot be high impact.
The union expressed thanks for the research and development
policy and the 0 rating for exports and for taking into account the issues of
basmati rice exports.
The union assured the PM of best efforts of the SME sector
for value addition which is the theme of the STPF.
Rural poor may
get rice at Tk 10 a kg
A scheme has been proposed for lean periods
Sohel
Parvez
The
Directorate General of Food has proposed to sell rice to the rural ultra-poor
at Tk 10 each kilogram to help reduce poverty -- a move that will require the
state to spend Tk 835 crore in subsidy a month.The food office wants to sell 30
kilograms of rice per month to each ultra-poor household during the lean
periods of March-April and September-October, as per the proposal.Some one
crore ultra-poor in rural areas will be benefitted from the scheme.The government
had introduced a similar project in February 2011 to distribute rice at lower
than the market price to the ultra-poor at the grassroots level. Called the
“fair price card” scheme, it is currently dormant.
The
directorate has now sought to revive it with a view to disposing of its huge
stockpile of grain to create space in its warehouses for new arrivals, said
Foiz Ahmed, its director general.“Besides, the ultra-poor at the union level do
not get any food support from the government like those at the upazila level
get in the form of open market sales.”About three lakh tonnes of rice will be
needed each month for the scheme, according to the proposal sent to the food
ministry early this month.
The proposal is now awaiting approval
from the government.Ahmed is hopeful that the approval will come by the end of March
and the food office will be able to implement the scheme right away.At present,
the directorate has about 14.35 lakh tonnes of grains, including 10.72 lakh
tonnes of rice.It plans to purchase two lakh tonnes of wheat in April and 10
lakh tonnes of boro rice in May.The government has already cut the prices of
rice and wheat for open market sales, for the second time in four months, to
reduce the large stocks in time for the procurement season.The price of rice
was slashed 25 percent to Tk 15 per kilogram and wheat flour 10 percent to Tk
17.So far, the directorate could sell about 1,400 tonnes of rice out of the
allocated 3.25 lakh tonnes for the current fiscal year.The food office expects
that two lakh tonnes of rice could be distributed through OMS during the
March-April period of this year.
The remaining one lakh tonnes of rice could be transferred for
distribution among the poor at the grassroots level.Yesterday, the retail
prices of coarse rice stood between Tk 32 and Tk 34 each kilogram in Dhaka,
down 8.33 percent from a year earlier, according to the Trading Corporation of
Bangladesh.Meanwhile, rice millers are fearing that the initiative will lead to
a decline in rice and paddy prices and affect farmers at a time when the paddy
prices, particularly the coarse variety, are on the downturn.“It is going to
affect the prices of rice, especially the coarse rice,” said Md Abdur Rashid,
president of the Auto Major and Husking Mills Owners Association, adding that
the coarse rice prices remain lower due to its ample supply.
The average price of coarse paddy is now Tk 500 each maund, down
from more than Tk 600 in December, when harvesting of aman crop was going on,
Rashid added.But Ahmed of the food directorate said the farmers will not be
affected by the scheme.
http://www.thedailystar.net/business/rural-poor-may-get-rice-tk-10-kg-1196623
Food
safety could present key to U.S. rice's return to Switzerland
In his report, Schmidt said,
"Switzerland used to be an important market for U.S. long grain rice with
a market share of greater than 50 percent before the Liberty Link incident in
2006, when imports fell substantially. In 2015, U.S. rice exports shrank to
2,000 MT or only 5 percent of all rice imports. At this time, U.S. rice sales
appear to be limited due to the higher price of U.S. rice compared to other
origins."
http://www.stuttgartdailyleader.com/article/20160318/NEWS/160319711
LT Foods share surge over 16% intraday on rice exports
business deal with HUL
LT
Foods share price surged after Hindustan Unilever (HUL) signed an agreement
with the company for sale of its rice exports business for a consideration of
Rs 25 crore as it looks to exit non-core businesses.
By: FE Online | March 18, 2016 4:01 PM
LT Foods share price surged after Hindustan
Unilever (HUL) signed an agreement with the company for sale of its rice
exports business for a consideration of Rs 25 crore as it looks to exit
non-core businesses. (Photo: PTI)
LT
Foods share price surged over 16 per cent on Friday after Hindustan Unilever
(HUL) signed an agreement with the company for sale of its rice exports
business for a consideration of Rs 25 crore as it looks to exit non-core
businesses.At 12.06 pm, LT Foods share price was trading 7.92 per cent up at Rs
241.10. The scrip opened at Rs 235.10 and has touched a high and low of Rs
259.80 and Rs 235.10, respectively, in trade so far. Later, the share
price settled the day 6.04 per cent up at Rs 236.90
“…it
(HUL) has signed an agreement for the sale of its rice exports business carried
out primarily under the brands ‘Gold Seal Indus Valley’ and ‘Rozana’, to LT
Foods Middle East DMCC, a group company of LT Foods Limited (owner of
‘Daawat’),” the company said in a filing to the BSE.
HUL
said the deal envisages transfer of the brands and inventory for a
consideration of Rs 25 crore, subject to adjustments on closing.“HUL’s decision
to divest is in line with its strategy to exit non-core businesses, while
continuing to drive its growth agenda in the core packaged foods business,” it
added.The transaction is subject to fulfillment of certain conditions and the
parties will work together to complete this over the next few months. HUL will
continue to manage the business until the completion of the transaction.HUL
began exporting premium Basmati rice in 1985 under the brand ‘Gold Seal Indus
Valley’ to various countries in the Middle East and Europe, which was
subsequently extended to other brands and geographies.
HUL sells rice export business to
LT Foods
LT Foods is backed by Rabo
Equity.
Consumer goods major
Hindustan Unilever Ltd (HUL) has decided to sell its rice export business to LT
Foods Ltd, a processor and exporter of packaged rice under the flagship brand
Daawat.The Guragon-based company, in a stock market disclosure, said it has
entered into an agreement with the FMCG giant to acquire its two top rice
brands. “The deal includes the acquisition of brands Gold Seal Indus Valley and
Rozana which have been in business for some decades,” LT Foods, owner of
Daawat, said in a statement.The deal involves transfer of the HUL’s brands and
inventory for Rs 25 crore ($3.7 million) to LT Foods.
The company is hopeful
that the acquisition will help it foray into the markets of Qatar, Oman and
Bahrain, besides strengthening its presence in traditional export bases in the
region such as Saudi Arabia, UAE and Kuwait.
“The Middle East
accounts for almost 80 per cent of the total basmati consumption in the world.
This region is a critical market and our limited presence with only 15 per cent
of our revenue coming from the geography is now getting addressed by this
acquisition,” said VK Arora, MD at LT Foods.HUL began exporting premium Basmati
rice in 1985 under the brand Gold Seal Indus Valley to various countries in the
Middle East and Europe, which was subsequently extended to other brands and
geographies. Now it is supplying both the brands to 21 countries across the
globe. According to audited financials for 2014-15, the rice business has
contributed Rs 51 crore to the annual turnover of the HUL.Lazard acted as
financial advisor to LT Foods for the deal.Rabo Equity-backed LT Foods has been
looking to induct a strategic partner to enhance its expansion
plans since 2013.The company, whose key brands are Daawat, Royal, Devaaya,
Heritage, Rozana and Chef’s Secretz, manufactures and exports under three broad
verticals: value-added products, organic food and international trading. The
export business accounts for 46 per cent of the revenue in 2014-15 for the over
five-decade-old company.The firm had registered a less than 2 per cent growth
in terms of revenue for the year ended March 31, 2015. It had clocked revenues
of Rs 1,855 crore in financial year 2014-15.For HUL, this is the second sale of
one of its business verticals. Last year, it sold its bakery business to private equity firm Everstone
Capital. Though the bakery unit sported good performance both in terms of
top-line and bottom-line, the sale was imminent as the business was stuck in a
low growth industry due to challenges posed by other breakfast options and low
entry rate in the segment.It also sold one of its real estate properties in 2015. It disposed of
a property in Bangalore, which was proposed to be developed as a special
economic zone (SEZ), to Brigade Properties Pvt Ltd, a joint venture between
Bangalore-based developer Brigade Group and Singapore's sovereign wealth fund
GIC.
Acquiring
HUL's rice business will firm position in mid-east'
The
company, which sell basmati rice under Daawat brand, has entered into an
agreement to acquire the HUL's branded rice business, including 'Gold Seal
Indus Valley' and 'Rozana' brands that registered a turnover of Rs 51 crore in
2014-15. | 1 Comments LT Foods said the
acquisition of Hindustan Uniliver Ltd's (HUL) branded rice business will help
the company to strengthen position in the middle-east market.
The company, which sell basmati rice under
Daawat brand, has entered into an agreement to acquire the HUL's branded rice
business, including 'Gold Seal Indus Valley' and 'Rozana' brands that
registered a turnover of Rs 51 crore in 2014-15. "The acquisition will
strengthen our position in the middle-east market as it gives us an entry in
the markets of Qatar, Oman and Bahrain and in addition to strengthening our
existing presence in Saudi Arabia, UAE and Kuwait," LT Foods said in a
regulatory filing. Apart from GCC markets, the brands also enjoys latent equity
across India, North America, some of the European Union and Asian countries, it
added. LT Foods said the total cost of the acquisition is about Rs 25 crore and
the same would be funded by debt and internal accruals.
"The
middle-east has the largest basmati rice consuming population. It accounts for
almost 80 percent of the total basamti consumption in the world. This region
being critical market and our limited presence with only 15 percent of our
total revenue coming from the geography is now getting addressed by this
acquisition," LT Foods MD VK Arora said. "This acquisition will help
us penetrate and establish in countries like Oman, Qatar and Bahrain where we
have no presence. It will broaden our basket of offerings of brands with a high
recall value," he added. LT Foods can leverage the distribution networks
of these two brands while gain from synergies of the supply chain management
and back-end processing. "These synergies will give us an improved margin
profile. We could target to triple the current annual turnover of these brands
in 24-30 months timeframe," Arora said. LT Foods offers branded basmati
rice, value-added staples and organic food under brands -- 'Royal' and
'Daawat'. The company posted a revenue of Rs 2,780 crore in 2014-15 fiscal.
The
company has five manufacturing units in India, two packaging facilities in US
and in addition deploys five more third-party facilities to manufacture food
products. LT Foods stock price On March 21, 2016, LT Foods closed at Rs 232.40,
down Rs 4.5, or 1.9 percent. The 52-week high of the share was Rs 314.40 and
the 52-week low was Rs 96.00. The company's trailing 12-month (TTM) EPS was at
Rs 14.40 per share as per the quarter ended December 2015. The stock's
price-to-earnings (P/E) ratio was 16.14. The latest book value of the company
is Rs 113.34 per share. At current value, the price-to-book value of the
company is 2.05
http://www.moneycontrol.com/news/business/acquiring-huls-rice-business-will-firm-positionmid-east_5944601.html?utm_source=ref_article
Buddhist Monks Cultivate
Fabled Rice That They Hope Will Help in Drought-Prone Areas
Global
Press Journal by Nirasha PiyawadaniSunday 20th March, 2016
But Yapa
disagrees, pointing out that Sri Lanka has a long history of considering many
other types of seeds and grains as rice.Many of the rice varieties today belong
to the Oryza species and were introduced during the Green Revolution, Yapa
says.But before the Green Revolution, our people named many other seeds which
could be eaten as rice, he says. One example is the seeds of one type of water
lily plant which are even today known as rice, he points out.The monks at the
Waharaka Temple arent swayed by the debate over the grain. They believe this
rice plant is the Swayanjatha rice and they are determined to prove the value
of the rice and make it popular among farmers, Sukhithadheera Thero says.
And while they
quietly go about their work, at least one researcher is preparing for a
possible shift a monumental one in how Sri Lankans and others eat.Rumesh
Liyanage, a research assistant and PhD candidate at the University of Sri
Jayewardenepura who was instrumental in bringing the rice to the attention of
his supervising lecturers at the university, says more research is needed to
better understand this plant. He says hes optimistic about what he and others
will find.
We have a great
hope that this rice can replace wheat, and that is something we want to
research more, he says in a phone interview. If research can show Swayanjatha
rice as a replacement for wheat, that will be a revolution in the food
industry.Ajith Perakum Jayasinghe translated this article from Sinhala.Thero is
an honorific commonly used at the end of a Buddhist monks name. GPJ includes
this honorific because it is considered part of a monks formal name.
http://www.bignewsnetwork.com/news/242394407/buddhist-monks-cultivate-fabled-rice-that-they-hope-will-help-in-drought-prone-areas
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