Global rice shortage
expected: Ghori
May 04, 2016
first time in last six years, global rice
production is expected to sharply decline this year. According to Jawed Ali
Ghori, former Chairman Rice Exporters Association of Pakistan (Reap), the main
reason is the drought and heat wave that has been linked with the El Nino
weather pattern. "The top four rice producing countries, accounting for 60
percent of global production including India, Thailand, Vietnam and Pakistan,
are all expected to see a 30 percent drop in their inventories," he added.
Thailand is now in its second year of drought and its production is expected to fall by 20 percent, he informed. While, China, the world's largest rice importer is once again expected to import around 5 million tons of rice as its own consumption will outpace production for a third year in a row, Ghori added.
"The United States Department of Agriculture in its monthly agriculture update has slashed its estimate for world ending stocks to 18 percent for the 2015-16 rice season. This means that there are now 65 days of supply or rice in reserve as compared to 80 days last year," he said.
With expectation of shortfall in production, world prices have already started to reflect this supply strain and are already up 13 percent since September, he said and added that the market is not panic levels seen in 2008, when a similar El Nino pattern caused India to ban exports causing global prices to increase by more than 300 percent. In addition, scenes of riots were witnessed in Haiti while supermarkets in Philippines got cleaned out of rice in two days.
"New rice crops are expected to be harvested during November to December. However any adverse weather change, especially the threat of drought can affect the size of the final crop," he said. Exporters are closely monitoring rice sowing for price direction as farmers are switching from rice to other less water intensive crops due to lack of water availability," Ghori said
Thailand is now in its second year of drought and its production is expected to fall by 20 percent, he informed. While, China, the world's largest rice importer is once again expected to import around 5 million tons of rice as its own consumption will outpace production for a third year in a row, Ghori added.
"The United States Department of Agriculture in its monthly agriculture update has slashed its estimate for world ending stocks to 18 percent for the 2015-16 rice season. This means that there are now 65 days of supply or rice in reserve as compared to 80 days last year," he said.
With expectation of shortfall in production, world prices have already started to reflect this supply strain and are already up 13 percent since September, he said and added that the market is not panic levels seen in 2008, when a similar El Nino pattern caused India to ban exports causing global prices to increase by more than 300 percent. In addition, scenes of riots were witnessed in Haiti while supermarkets in Philippines got cleaned out of rice in two days.
"New rice crops are expected to be harvested during November to December. However any adverse weather change, especially the threat of drought can affect the size of the final crop," he said. Exporters are closely monitoring rice sowing for price direction as farmers are switching from rice to other less water intensive crops due to lack of water availability," Ghori said
http://www.brecorder.com/agriculture-a-allied/183:pakistan/42752:global-rice-shortage-expected-ghori/?date=2016-05-04
Vietnam's
Mekong Delta rice output drops
May 02,2016
HO CHI MINH CITY, May 2 (Xinhua) -- The total yield of
winter-spring rice crop in Vietnam's Mekong Delta, which has just ended, was
10.4 million tons, down 6.3 percent against the previous winter-spring crop,
due to the ongoing drought and saltwater intrusion, the Ministry of Agriculture
and Rural Development said Monday.
The severe drought and saltwater encroachment have damaged over
200,000 hectares of winter-spring rice in the delta. Therefore, the rice output
in Kien Giang Province dropped by 312,000 tons, and that in Tra Vinh Province
declined by 169,000 tons.
To cope with the severe drought and saltwater encroachment,
agriculture agencies have advised Mekong Delta provinces to choose between only
one, two or three key rice varieties to cultivate and then harvest
summer-autumn in September.
Due to the drought and food scarcity, Vietnam's southeastern
region and Central Highlands region have so far this year faced difficulties in
raising cattle. Meanwhile, cultivation of maize, soya beans, and sweet potatoes
nationwide have been sluggish.
Without rain,
Penang paddy farmers risk losing S$12.7m
PUBLISHED: 4:15 AM,
MAY 3, 2016
GEORGETOWN — Kedah may be the
country’s rice bowl, but paddy farmers in neighbouring Penang are at risk of
losing a whopping RM37 million (S$12.7 million) in revenue for the current
planting season if the dry spell continues.With the current weather conditions,
the state government is prioritising human consumption and has cut water for
irrigation purposes, which has affected farming operations.According to Penang
state agriculture department director Azahar Ibrahim, it costs about RM5,000 to
plant each hectare of paddy field. “The total income losses they will face are
calculated by deducting the costs from their estimated revenue,” he told Malay
Mail Online.The revenue for each hectare is estimated to be around RM9,000 to
RM10,000, he said.Currently, a total 8,622ha of paddy fields in Seberang Perai
and Balik Pulau in the state, with a total 4,765 farmers, do not have enough
water for irrigation. The state had proposed a solution
for the affected farmers in northern Seberang Perai to start the dry seeding
method on May 10.According to Kampung Terus farmer Md Pisol Mahamud, the dry seeding
method requires less water, but once the paddy has sprouted, the fields still
need to be watered by the rain.“The fields need to be damp and this method
takes a longer time for it to sprout as the seeds will depend on rain, so if
there is no rain, some of it may not sprout at all,” he said.He said even those
paddy fields with irrigation now face risks if the dry spell continues because
the paddy still needed to be watered after it has sprouted.
“Our yield may decrease by 70 per
cent because of the weather,” he said.Each paddy planting season lasts an
average 115 days and it needs to be watered intermittently.“Even for dry
seeding, we need rain, and we can’t water it ourselves because this method
means it needs water to be spread evenly throughout the field,” he
said.Malaysia, especially its states of Perlis, Kedah, Penang and Perak, has
been enveloped in a heatwave — affecting up to four million people — resulting
in the temporary closure of schools, as well as slowing vegetable production,
leading to price hikes.
The drought has forced some states,
such as Perlis and Johor, to impose water rationing.Md Pisol’s paddy fields,
located near the Kulim River, still have water supply for irrigation. He had
already planted the seeds a few weeks ago.“We were told that we will get supply
as long as they can get water from the river, but if the water runs out,
there’s nothing anyone can do but hope for rain,” he said.When asked what he
could do during times like this, he said they will have to look for other part-time
jobs to supplement their income.“It’s not like we will get money from the
government,” he said. “What do the politicians know about our hardships? So we
have to depend on ourselves.” MALAY MAIL ONLINE
Lack of certified seeds said to
be hampering rice production
He explained that some farmers in
the Volta Region who had access to certified rice seeds were recording very
impressive yields; however, a majority who had no access to it had no option
than to grow uncertified varieties of the crops.
He said when farmers grew
uncertified varieties, the grains matured at different periods, would had
different lengths, shapes and sizes; hence making their harvesting, processing
and packaging by rice millers very cumbersome.
The Alliance for a Green
Revolution in Africa (AGRA) provided funding and technical support for the
three-and-a- half- year G-CORP project.
The project, which was aimed at
increasing the productivity and incomes of 4,000 smallholder farmers in the
Volta Region, ended successfully with expected results.
The close-up workshop was
attended by beneficiary farmer groups, aggregators, rice millers, and other
stakeholders from the private and public sectors, as well as representatives
from AGRA.
The close-out workshop reflected
on the projects’ achievements, which includedbuilding the business and
management capacity of 20 aggregators to extend improved services to over 4,700
smallholder farmers.
He said the country’s rice
production generated a milling output of 204,030 tonnes (62 per cent), leaving
a demand gap of 29,000 tonnes, which was being filled with imports, hence the
need to intensify its production.
On the opportunity for rice
production in the Volta Region, Torgbui Azadagli said that the Region could
boast of over 20,000 hectares of available land for upland rice production and
more than 40,000 ha (281 valleys) for low land rice production, which according
to him, could all be harnessed for the nation’s socio-economic development.
He said the Region was blessed
with abundant water resources favourable for rice production.
The Municipal Agriculture
Director said poor and timely land preparation as a result of inadequate
machinery and difficulty in weed control were also hampering rice production in
the Region.
He said the Region had 43,396 rice
farmers, stating that some of them used broadcasting methods in the propagation
of rice; which often resulted in incorrect spacing and low plant population
leading to low yield.
Torgbui Azadagli said some of the
big commercial firms that were into rice production in the Region included
Brazilian Agro, Wienco, Weta Irrigation and Aveyime Irrigation.
He said rice production in the
Region had taken an increased dimension in relation to the shift in taste of
the urban population and consumer habits.He said some of the varieties of rice
being grown in the Region were brown rice, Togo Marshal, Sikamo and CSIR AGRA.
He said the Ministry of Food and
Agriculture provided regular extension services to all the farmers.A lady rice
farmer from Worawora and a beneficiary of the G-CORP, who spoke to the GNA on
the condition of anonymity, lauded ASI for increasing their efficiency,
productivity and revenues through the project.She said as
the G-CORP project was due for close-up, their major challenge was
how to obtain certified seeds for cropping.She, therefore, appealed to the
Government to go to their aid with certified seeds.
Source: GNA
As Asia's rice harvests shrivel amid drought,
fears of global food security are revived
5/3/2016
The Nation (Thailand)
The Nation (Thailand)
SINGAPORE
Nearly a decade
after a spike in global food prices sent shock waves around the world, the
blistering drought plaguing Asia's top rice producers, including Thailand,
threatens to cut output and boost prices of a staple for half the world's
population.World rice production is expected to decline for the first time this
year since 2010, as failing rains linked to an El Nino weather pattern cut crop
yields in Asia's rice bowl.A heatwave is sweeping top rice exporter India, while the No 2 supplier Thailand is facing
a second year of drought.
Large areas of
farmland in Vietnam, the third-biggest supplier, are also parched, as
irrigation fed by the Mekong River runs dry.Those three countries account for
more than 60 per cent of the global rice trade of about 43 million tonnes.
"As of now we
haven't seen a large price reaction to hot and dry weather because we have had
such significant surplus stocks in India and Thailand. But that can't last
forever," said James Fell, an economist at the International Grains
Council (IGC).Rice inventories in the three top exporters are set to fall by about a third at the end of
2016 to 19 million tonnes, the biggest year-on-year drop since 2003, according
to Reuters calculations based on US Department of Agriculture (USDA) data.
Any big supply
disruption can be extremely sensitive. In 2008, lower Asian rice output due to
El Nino prompted India to ban exports, sending global prices skyrocketing and causing
food riots in Haiti and panic measures in big buyers such as the
Philippines.Manila at the time scrambled to crack down on hoarding, ordered
troops to supervise subsidised rice sales and asked fast-food chains to serve
half-portions, as well as urging Vietnam and others to sell the country more
rice.
The world has
suffered a series of food crises over the past decade involving a range of grains due to adverse weather.In the case of rice,
benchmark Thai prices hit a record of around US$1,000 a tonne in 2008. Price spikes like this typically also boost demand for
other grains such as wheat, widely used for noodles in Asia, and soybeans
and corn used for food or feed.
While currently
far below 2008 highs, rice this month hit $389.50, the strongest since July and
up 13 per cent from a eight-year low of $344 in September.
First fall in 6
years
Bruce Tolentino of
the Philippines-based International Rice Research Institute is concerned about
Asia's vulnerability.
"In general
prices are still stable right now. They're inching up though, and what will
drive things over the edge will be a major calamity in one of the major
producing countries."
Although India's
rice output last year was largely stable, extremely hot temperatures are
threatening a second crop in eastern regions.
Traders see
further price gains by next month, as India's next big crop is not due until
September and Thailand's main crop by year-end.
The IGC sees a
2016 world harvest of 473 million tonnes, down from 479 million tonnes in 2015
and the first decline in six years.
Mekong Delta
Thailand's last
main crop was only about half of the peak production a few years ago and the
USDA has forecast output will drop by more than a fifth to 15.8 million tonnes
this year.
"The
government has been asking farmers not to plant rice as there is little water
in the reservoirs after two years of drought," a Bangkok-based trader
said.
In Vietnam, output
could fall by 1.5 per cent this year to 44.5 million tonnes, while exports would be 8.7 million tonnes, steady on a previous
projection, the government said.
As much as 240,000
hectares of paddy has been destroyed by drought and salination in the central
area and the southern Mekong Delta region, it said.
A Singapore-based
trader said that while the annual decline appeared modest, Vietnam's latest
harvest "is 5-6 per cent lower than last year".
Thailand and
Vietnam harvest three crops a year.
Importers also suffer
Some Asian
countries are already looking to raise imports.
Indonesia is
expected to see 2016 purchases jump by more than 60 per cent to 2 million
tonnes from a few years ago.
China, the world's
top importer, taking about 5
million tonnes annually, is expected to continue this buying pace. The IGC has
forecast China's 2016 production falling short of consumption for a third
straight year.
The Philippines
had the lowest stocks since October in March despite importing 750,000 tonnes. Its procurement agency has
standby authority to ship an additional 500,000 tonnes.
"Although El
Nino has entered its weakening stage, the risk of higher food prices remains,
given the onset of the summer season," Philippine Economic Planning
Secretary Emmanuel Esguerra said.
http://www.world-grain.com/news/news%20home/LexisNexisArticle.aspx?articleid=2580086721
Plant geneticist elected to National Academy of Sciences
With the election of Julia
Bailey-Serres, 7 UC Riverside faculty members are now members of the
prestigious academy
IMAGE: JULIA
BAILEY-SERRES IS A PROFESSOR OF GENETICS AT UC
RIVERSIDE, Calif. (http://www.ucr.edu) -- Julia
Bailey-Serres, a professor of genetics
at the University of California, Riverside, has been elected a member of the National Academy of Sciences (NAS) for her excellence in
original scientific research.Membership in the NAS is one of the highest honors
given to a scientist or engineer in the United States. Bailey-Serres learned of
her election today (May 3) during the academy's 153rd annual meeting in
Washington, D.C.
Bailey-Serres is being recognized
for her role in the discovery and characterization of a genethat allows rice to survive under water. That gene has
subsequently been introduced through breeding by the International Rice
Research Institute and others, creating flood-tolerant rice varieties that are
grown by more than five million farmers in flood-prone areas of Asia.
"Julia's election and the
fact that several other members of our Department of Botany and Plant Sciences
are members of the National Academy of Sciences speak to the strength of the
department and the fact that it is having a worldwide impact," said
Kathryn Uhrich, dean of UC Riverside's College of Natural and Agricultural
Sciences.
Elected along with 84 other new
members and 21 foreign associates from 14 countries, Bailey-Serres brings the
number of current UC Riverside faculty elected to the NAS to seven. The others
are: Xuemei Chen, Natasha Raikhel, Susan Wessler, James Dieterich, William Jury
and Alexander Raikhel.
All seven are faculty members in
the College of Natural and Agricultural Sciences. Chen, Natasha Raikhel,
Wessler and Bailey-Serres are all also part of the university's Department of
Botany and Plant Sciences and Center for Plant Cell Biology (Bailey-Serres serves as director) and, along with Alexander
Raikhel, Institute
for Integrative Genome Biology.
Wessler, a distinguished
professor of genetics and home secretary of the National Academy of Sciences,
is impressed with the impact of Bailey-Serres' research."It is very
unusual for someone to make a basic science discovery and in such a short
period of time see it benefit so many, so quickly," Wessler said.Bailey-Serres
is a graduate of the University of Utah. She has a Ph.D. from Edinburgh
University. She has been a member of the faculty at UC Riverside since 1990.
Her research group studies the
sensing, signaling and acclimation responses to low oxygen stress in plants.
Her multidisciplinary approach combines genetic, molecular, biochemical and
bioinformatic technologies and has significant implications for agricultural
and global food challenges.
She has received international
attention for her group's dissection of the mechanistic role of the SUB1A gene
in conferring submergence tolerance in rice. Her accomplishments also include
the pioneering of methods for profiling the "translatomes" of
discrete cell-types of plants and identification of a homeostatic sensor of
oxygen deprivation in plants.
The NAS is a private, nonprofit
honorific society of distinguished scholars engaged in scientific and
engineering research, dedicated to the furthering science and technology and to
their use for the general welfare. Established in 1863, the academy has served to
"investigate, examine, experiment, and report upon any subject of science
or art" whenever called upon to do so by any department of the government.
There are currently 2,291 active
NAS members and 465 foreign associates. Among the NAS's renowned members are
Albert Einstein, Robert Oppenheimer, Thomas Edison, Orville Wright, and
Alexander Graham Bell. Nearly 200 living NAS members have won Nobel Prizes.
http://www.eurekalert.org/pub_releases/2016-05/uoc--pge050316.php
Nigeria Can
Eliminate Rice Importation With Right Policies – Idinoba
Dr Philip Idinoba,a rice
commodity specialist with AfricaRice provides insight into Nigeria’s rice
production challenges in this interview with Ruth Tene Natsa. He concludes that
Nigeria can overcome its rice imports challenges with strict political will and
right policies.
What do you mean by Rice Science,
are you into genetically modified organisms (GMOs)?
The last two, that is,
conventional breeding and biotechnology are the methods used by AfricaRice and
we don’t do GMOs.
Having been in Nigeria, do you
see Nigeria overcoming her rice import challenges?
Overcoming rice import challenges
seems different from reducing or eliminating rice imports which I think you
wanted to ask. Yes, Nigeria can easily eliminate the importation of rice within
just a couple of years to three year period if the right things are done.
Fortunately, is relatively easy to increasing rice productivity because rice is
not a complicated crop in terms of its production techniques, it responds very
well to good crop management practices on the fields, the knowledge to do so is
also available and it can grow in almost all Nigerian production ecologies from
mangrove swamps, to rain-fed upland, rain-fed lowlands and irrigated ecologies
which Nigeria has a lots of productive hectares unused and within a duration of
90 days to about 150 days for our common varieties. It is to be noted that
Nigeria has come close to rice self-sufficiency twice in recent history but the
election years are always a turning point of that dream. The Obasanjo
government presidential initiative on rice was doing very well and moving
toward rice self-sufficiency until 2003 election year when there was massive
importation of rice for political campaign and election. The same happened in
late 2014 to early 2015 when the rice transformation agenda of the last government
was doing very well until massive imports were allowed.
What do you see as challenges to
food security in Africa, particularly Nigeria?
Nigeria does not have major issue
with food security if we could improve in two areas in addition to production.
Those areas are aggregation or storage and of course value addition. Every
year, Nigeria have relatively good output of our major commodities like Rice,
Cassava, Sorghum, Maize, Cowpea, Plantains, etc, which Nigerians depend upon
for household food security. However, the losses are also very high both
on-farms, in transit and in storage. Post-harvest loses are between 20 to 40%
for these crop due to poor handling techniques, weak market chains, low value
addition and non-existent storage facilities. If we increase our value
addition, diversification and improve storage facilities even at present
production levels much will be saved and prices will stabilize across seasons
encouraging farmers to remain in business. Agricultural prices are cyclical and
this year production if influence positively or negatively by last season’s
prices.
Would you say there are
sufficient policies on ground to encourage local production, if not, what is
lacking?
The Rice Transformation Agenda
(RTA) as a component of the Agricultural Transformation Agenda (ATA) of the
past administration was very well packaged and clear to everyone whether you
were working in the Agricultural sector or not. I cannot confidently say that I
know what the current policy is although the government of the day has said
agriculture is a means of diversification of the economy.
This did not show in the
allocation to Agriculture in this year’s budget. I think the government is
still working on the policy documents and also the diversification may show in
2017 budget but not this year’s budget judging from the percent allocation to
the sector.
At this point does Africa/
Nigeria have a rice deficiency and what can be done?
Yeah we have deficiency in both
Nigeria and the entire Sub-Sahara Africa of which Nigeria is one of the highest
importers. In Nigeria there are no clear data on this and depending on who is
talking the production gap that is currently filled by is between 1.5 to 2
million metric tonnes of finished rice. By late 2014 we estimated this gap to
fall within 900,000Metric tonnes and 1.3 million metric tonnes. The
massive dry season production
started by the last minister of agriculture in 2012 and support to
farmers was the game changer.
However, the dry season
production was not taken seriously in 2014 because of the election and the
reason about disproportionate import already stated. The 2015 dry season
production by the launched CBN anchor program is limited to a few states,
particularly Kebbi state for rice with about 75,000 hectare. This will not have
much impact in terms of volume required to close the gap because even if the
average yield rises to 5 tons per ha, it will still fall below 500,000 metric
tonnes of paddy. Nigeria need about 2.5 million to 3million metric tonnes of
paddy to properly close the national production gap.
Briefly what should be done?
Is that there should not only be
good policy but a strong political will and determination to coordinate that
policy to succeed which we have lacked in many years. Government policy should
touch on upgrading the technology used by local millers to produce better
quality rice.
We should start from that market
end and that will stimulate production, more investments on affordable
irrigation facilities
How would u value the quality of
our local rice and what can we do toenhance it?
I don’t want to call it local
rice because there is nothing local about our rice. I will call it the Nigeria
rice varieties many of which are varieties developed by AfricaRice. The Nigeria
rice is of excellent in taste, texture and overall quality. However, time will
be required to wean us from the Asian rice texture and taste. This is not a
serious problem because if people do not see it to buy when we begin to produce
enough or could only see at very expensive price in the supermarkets, the
preference for imported rice will wane naturally.
What specific challenges do you
see to rice development in Nigeria?
The challenges has been low
political will to drive very good policies through, lack of policy continuity,
limited irrigation infra-structures, poor processing method by cottage millers
who currently process over 85% of our national finished rice. Upgraded these
cottage mills in terms of technology used by them to improve quality
remains the fasted way to reaching national self sufficiency.
http://webcache.googleusercontent.com/search?q=cache:http://leadership.ng/news/523382/nigeria-can-eliminate-rice-importation-right-policies-idinoba
PPORTED
WITH PRIVATE SECTOR INCENTIVES – OWOEYE
Govt’s policies desirable for
economy if supported with private sector incentives – Owoeye
Sir, could you give an insight
into the current level of rice production in Nigeria? There are two categories of rice production namely, paddy
production and processed rice. In term of processed rice, I think it is about
3million tonnes. About 2million tonnes are from informal processing mills, that
is, the small scale fabricated mills while the remaining one million from the integrated
rice millers. So, it is approximately 3 million tonnes.
What level of productivity do we
need to make Nigeria sufficient in rice? We need about 5.5 to6 million tones. So, there is a gap of 2.5
to 3 million tonnes to close the gap if we are to be self-sufficient and put
ban on its importation.
Will you support outright ban of
rice importation and at what point? At the point that we could have achieved full self-sufficiency
in the rice production it should be banned totally. But right now we have not
achieved full self-sufficiency so I think right now there should be import
substitution in the sense that we should look at the domestic investment in the
rice value chain, the companies that have domestic investments in the rice
value chain or planned investment in the rice value chain; it should still be
supported by giving incentives to import difference between actual capacity and
the consumption level regarding the production.
What is your reaction to the
recent ban of rice importation through land borders by the Nigeria Customs
Service? It is a good initiative from the
government; it helps local investors in the rice value chain to consolidate on
their investments so that it is not eroded by manipulating tendencies of
smugglers, ensuring that whatever investment they make is not lost.
You said there should not be
total ban on the importation of rice in the country yet but if there is no ban
on the importation, do you think the country would be serious with its own
local production? No, there should be no total ban
until we achieve self-sufficiency. It has happened in cement and sugar so it
can also happen in rice too. What we are saying is that we have about 3 million
tones gap, which must be bridged. That gap should be made available by the
investor companies who already have existing vibrant investment in the rice
value chain and those that have traceable planned investment as an incentive
for them to bring more investment into the rice value chain. So, those should
be allowed to import to bridge the production gap.
Recently, the CBN restricted some
41 items from assessing foreign exchange through the official forex widows as a
way of promoting local production. Do you think the policy measure is in order?
It is a local approach to a local problem. Yes, it is in order to the extent
that. I mean the CBN will just need to be proactive in ensuring that the policy
works, because if you look at it there is a lot forex that these commodities
are taking away from our limited resources. But what they should have done or
continue to do as before is to ensure that, before the completion of
self-sufficiency, there is support for those that have the investments in the
value chain, approve their effort so that they can do some business to close
the gap because if they do not close the gap between production and
consumption, some negative must happen and that is why the smugglers forcefully
take advantage in that situation. On the impact of the policy, I think it is
giving us another opportunity to look inward for solution. When there is a
challenge, you look inward and think of where to turn to so this is giving us
an opportunity to look for solution internally and that’s what we begin to look
at. I think if we take Nigerian approach to Nigerian crisis; it is going to help
us in a way to make us to be disciplined and to take production and
diversification much more serious. So, it has a positive result, although it is
a sacrifice that we have to make.
Do you think Nigeria is ripe for
such policies considering the current level of manufacturing in local
production? Well at some point in time we
have to rise up to the occasion and there has to be sacrificed. At a stage
where the country is now, you will see that it is the time when we have to make
all the sacrifice. It is not whether we should take but it is a necessary
measure for us to take. At some point in time, there would be a turnaround to
have a turning point to ensure that we begin to address our long term problem
with a long term solution.
There has been wide campaign for
economic diversification into agriculture. Do you believe that agriculture is
crucial to the drive to reverse the dwindling fortunes of the nation’s economy? Agriculture and agribusiness will play a significantly role in
the diversification of our economy but obviously agriculture and agribusiness
alone cannot, we have mining, we have services. Services also play very vital
role but agriculture is where we have the largest GDP and that is where we have
the largest employer of labour.
Sir, it has been claimed that for
agriculture to play that role of reforming the economy, it must be
industrialised. In your view, is the country moving towards that direction?We don’t have any other root than industrializing. Yes, a
journey of a thousand miles starts with a step. I think CBN is doing that with
selective products. CBN cannot intervene in all the products at the same time
so, it has started intervening in rice, wheat, beans, sugar and I think as time
goes by, there will be much more intervention, not only from CBN but from other
developmental partner institutions. With the political weight that we are
seeing in present government, and of course the wiliness and seriousness in
agribusiness that we have on ground, there will be a turning point.
As an expert, which other policy
do you think is needed to optimize the performance of the economy? To correct that notion, we are the players; I don’t know why you
call us experts. Well, the policies by the government are okay. As a matter of
fact, we have no choice than to diversify the economy so, that policy should be
strengthened, there should be consistencein the policy and should be incentives
for the private sectors that are driving thoseprogresses. And that would go a
long way in ensuring positive outcome.
How do you rate government’s
support and commitment to agriculture? As we stand today, because there are little alternatives, I
think it is encouraging. It is encouraging. As stakeholders, we want
consistency, we want much more engagement and we wantsupport in terms of
finance and security and I’m sure Government is showing clearly
remarkablesupport for the sector but I’m sure it can get better.
What is your assessment of agric
sector policy direction of the present administration when analysed within the
context of the immediate past government’s? First and foremost, I want to thank the President of Nigeria and
the Comptroller General of the Nigerian Customs Service for assessing and
taking a second look into stopping the initial approval of reopening land borders
for rice coming into the country. Based on circular that came in October 2015,
the government through the Comptroller General of NCS initially objected to our
proposal on the ground that Nigeria should not ban rice from the neighbouring
countries through land borders being a member of Economic Community of West
Africa States, ECOWAS. Secondly, they felt that the much needed revenue could
come in through the land borders.
But from experience, because we
are stakeholders who have been in this business for years, we told them that
they couldn’t manage the process of allowing rice to come through the land
borders due to many unapproved routes that entered this country and Nigeria
Customs doesn’t have the number of personnel and facilities to monitor those routes.
Although NCS wanted to increase revenue through the borders, which was good
intention; we knew the economy saboteurs would take advantage of the gesture,
which they did. We made presentation to management of customs and now we are
delighted that they have finally granted our request on land borders. After
all, the rice we eat is per-boiled rice and our neighbouring countries don’t
produce per-boiled rice. So, why are we bringing per-boiled rice to our country
through the neighbouring countries that don’t produce it? They get the revenue
from their ports while sending the rice to Nigeria. That is disincentive to
investors and rice farmers in the country.
With the decision of the reverse order, we are happy that government is
responsive to our cry and we believe that it will increase
our capacity and production in the rice value chain. We have members of our
association that are investors in rice production and have invested heavily in
commercial rice plantation. We have state governments like Kebbi, Zamfara,
Sokoto, Kano and Benue that have done so much work in reactivating and getting
their rice farmers back to work. We have the CBN governor who has secured the
permission of the President of the country to pursue the agro borrows programme
that was in November last year, and we have N40 billion Central Bank investment
in rice production across the varieties belt. The apex bank has been supporting
massively in the production of rice because hitherto production has been in
comatose. But the effort of CBN with the approval of the President will improve
the sector. There has been a lot of improvement in rice production and most
farmers are excited to produce rice today.
The rice millers in Kebbi state are fully
operational; also rice millers are fully operational in other rice producing
states. Because CBN is intervening in the sector and so, we at Elephant group,
an input supply and processing company, are excited to be part of this. A lot
of people are asking us question, when are we going to be self-sufficient in
rice production in the country. With this kind intervention we are getting from
CBN, massively intervention and support, single digit interest rate for rice
production and processors, also with the kind of interventions we are getting
from other financial institutions in the country and capital adequate the value
chain stakeholders are putting to this sector; we believe that before the
expiration of this current government, we will be close to self-sufficient, if
this tempos are increased.
How has your relationship, as an
association, been with Bank of Industry and Bank of Agriculture been in terms
of funding support? They give some of our value chain
operators support but it depends on exactly what you need to know where to come
in. Bank of Agriculture is getting much more vibrant in the game now,
especially for refinancing input supply for the production. And with the
empowerment from the CBN and other BOA’s shareholders, I’m sure the bank would
have more capacity to undertake much more lending to the sector. And I’m aware
that Bank of Industry and also Bank of Agriculture both have a product that
cater for the youths who want to venture into agriculture/agribusiness but have
no startup capital. They can approach them and get the fund in as much as they
fulfill their requirements.
Mechanised farming is a key to
agricultural productivity generally but then Nigeria is yet to optimize
mechanization opportunities. What do you think is responsible for this?If you go to the Northern part of the country, you will see
those big planters and other equipment for mechanised farming. We practise
mechanised farming Nigeria but not to the level that is expected, so we need
more investors in that area. Having said that, we still need the small holder
farmers to operate side by side on a sustainable basis because if we use
mechanised farming alone for all the business, we are not going to achieve
optimally in term of employment. So, there has to be a balance between the
mechanised farmers and the small holder farmers
http://nationalmirroronline.net/new/govts-policies-desirable-for-economy-if-supported-with-private-sector-incentives-owoeye/
Cooperation Means More Wild(ly) Popular Rice Promotion
By Jim Guinn
WASHINGTON, DC - USA Rice recently signed a contract with the
Minnesota Cultivated Wild Rice Council to expand existing international
promotion programs that have until now had funding only from the California
Wild Rice Advisory Board and the USDA's Foreign Agricultural Service.
This added funding will allow USA Rice to implement additional promotions
activities in Turkey, a growing wild rice market.
"I'm pleased we were able to bring the two wild rice
producing states together for promotion purposes," said USA Rice President
& CEO Betsy Ward. "Combining our efforts means greater
efficiency and a bigger bang for the wild rice growers' bucks in a market
hungry for U.S.-grown wild rice."
When USA Rice introduced wild rice into Turkey six years ago it
was totally unknown in the market. Starting from a zero base, exports
last year reached five metric tons. Currently two Turkish companies
import wild rice with brands appearing on retail shelves of three supermarket
chains. USA Rice is focusing on increasing the number of importers and
driving demand by consumers and the foodservice industry alike through
demonstrations, advertising, and other promotions.
Wheat softens on
ample stocks
PTI | May 3, 2016, 03.10 PM IST
New Delhi, May 3 () In restricted
activity, wheat prices shed Rs 5 per quintal at the wholesale grains market
today due to adequate stocks on higher supplies from producing belts against
reduced offtake by flour mills.
However, other grains remained
steady in limited deals.
Traders said adequate stocks
position on higher supplies from producing belts against reduced offtake by
flour mills kept pressure on wheat prices.
Meanwhile, wheat procurement has
increased by 10 per cent to 208.11 lakh tonnes so far in the ongoing marketing
season, helped by rise in production.
In the national capital, wheat
dara (for mills) eased by Rs 5 to Rs 1,615-1,620 per quintal. Atta chakki
delivery followed suit and enquired lower by a similar margin to Rs 1,620-1,625
per 90 kg.
Following are today's quotations
(in Rs per quintal):
Wheat MP (desi) Rs 1,850-2,100,
Wheat dara (for mills) Rs 1,615-1,620, Chakki atta (delivery) Rs 1,620-1,625,
Atta Rajdhani (10 kg) Rs 265, Shakti Bhog (10 kg) Rs 265, Roller flour mill Rs
850-860 (50 kg), Maida Rs 930-950 (50 kg) and Sooji Rs 980-990 (50 kg).
Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300,
Super Basmati Rice Rs 9,700, Basmati common new Rs 5,700-5,800, Rice Pusa
(1121) Rs 4,600-5,500, Permal raw Rs 1,900-1,950, Permal wand Rs 2,075-2,125,
Sela Rs 2,400-2,500 and Rice IR-8 Rs 1,775-1,800, Bajra Rs 1,600-1,605, Jowar
yellow Rs 1,800-1,900, white Rs 3,400-3,500, Maize Rs 1,370-1,380, Barley Rs
1,580-1,585. SUN KPS SRK MKJ
(This story ha
Let’s Trade
with Cuba!
|
·
SVEN
CREUTZMANN/MAMBO PHOTO VIA GETTY IMAGES
I am pleased that the first U.S.
cruise ship to make a voyage to Cuba in almost 40 years arrived in Havana,
Cuba, yesterday morning carrying 700 passengers, including Cuban Americans on
board. This is an exciting development since my historic trip with President
Barack Obama who led a small bipartisan delegation to the Island Nation.
The last sitting U.S. President
to visit Cuba before the Cold War was Calvin Coolidge in 1928, two years before
I was born. I would have never imagined in 1995 when Fidel Castro visited
Harlem that I would be traveling to Cuba with my President to meet with his
brother, President Raul Castro. We reaffirmed our efforts to cement our new
ties and push for ending the embargo. I am confident that both of our nations
and citizens will benefit through the exchange of people, goods, and ideas.
I was fortunate to witness the
excitement on the streets of Havana in December 2014, when President Obama
first announced his plan to chart a new course in our diplomatic relationship
with Cuba. As the sponsor of the Promoting American Agricultural and Medical
Exports to Cuba Act, I had originally traveled to Havana with few other
congressmen to explore how the United States could gain access to a miraculous
drug that could cure ulcers. Because I had stayed an extra few days, I was able
to report through multiple television interviews from Havana to the American
audience how Cubans embraced the news of rekindling our ties.
The recent landmark visit by
President Obama, which also included American entrepreneurs coupled with the
Administration’s New Course in Cuba policy, has compelled us to take more
concrete actions towards removing outdated barriers that are currently limiting
opportunities for our country and people. As President Obama acknowledged, it
is up to the U.S. Congress to lift the embargo which was first imposed in
February 1962, and currently maintained through five statutes, including the
Trading with the Enemy Act of 1917, the Cuban Democracy Act of 1992, the Cuban
Liberty and Democratic Solidarity Act of 1996, and most recently the Trade
Sanctions Reform and Export Enhancement Act of 2000. The current embargo is the
most enduring trade embargo in modern history and shortchanges the American
people from pursuing business opportunities in Cuba. In 2014, the United States
was the eighth largest exporter to Cuba, accounting for just 3% of Cuba
imports. The U.S. Chamber of Commerce estimates that the embargo costs our
economy $1.2 billion per year in lost sales and exports,
I have long recognized that the embargo has proved futile. I first introduced my Free Trade with Cuba Act in 1993, and since have repeatedly introduced bills and pushed for policies that would end it. Through numerous discussions with people, businesses, and organizations, and it is abundantly clear to me that economic relaxation affords many American firms to increase their services to the people in Cuba, which includes the hospitality industry, agriculture industries, and any number of other American businesses and it creates a climate for successful American investments. For example, we know that Cuba imports about seventy to eighty percent of its food supply, representing a market estimated to exceed over $1 billion per year for U.S. agriculture exports.
I have long recognized that the embargo has proved futile. I first introduced my Free Trade with Cuba Act in 1993, and since have repeatedly introduced bills and pushed for policies that would end it. Through numerous discussions with people, businesses, and organizations, and it is abundantly clear to me that economic relaxation affords many American firms to increase their services to the people in Cuba, which includes the hospitality industry, agriculture industries, and any number of other American businesses and it creates a climate for successful American investments. For example, we know that Cuba imports about seventy to eighty percent of its food supply, representing a market estimated to exceed over $1 billion per year for U.S. agriculture exports.
Through 2008, U.S. rice exporters
shipped over 12,000 metric tons with an estimated farm gate value to our
economy of $7 million. Since 2008, due our trade restrictions and corresponding
inability to provide competitive credit terms, we lost this Cuba market to
Vietnam, Brazil, and others. If we were to lift the embargo, the global
advocate for the U.S. rice industry, the USA Rice Federation estimates within
two years, we could regain 20 to 30 percent of the Cuban import market, worth
nearly $70 million and in five years 50 percent of the market, about 300,000
metric tons worth about $153 million to the US economy. Not to mention the
increased jobs in the rice growing, milling, and shipping industries associated
with the increased exports.
Furthermore, allowing trade with
Cuba will not only generate revenue for our economy, but will also enable us to
exchange American culture and ideals that can help foster democratic principles
in Cuba.
After the President left, I
remained in Havana with a delegation from the Greater Harlem Chamber of
Commerce consisting of 21 key professionals in the fields of art, culture,
education, engineering, health, law and business. Together we met with senior
ministers of the Cuban government to finalize the first annual ‘Havana in
Harlem Cultural Festival’ which will be launched in August 2016 in our own
backyard in Harlem. The Festival will then take place annually during the
summer in Harlem and during the winter in Havana. It will focus on the
Harlem-Havana Afro-Cuban exchange of performing arts, fine arts, and cultural
seminars.
With New York City’s shared
African and Cuban roots, the annual festival is expected to initially attract
thousands of visitors from around the world annually to Harlem and to Havana
and continue to grow. Through such people-to-people exchanges and culture, we
can promote peace, democracy and human rights.
The answer to when the U.S.
Congress will lift the embargo lies in the hands of American voters. Over 70
percent of us support normalizing relations with Cuba. Both the Cuban and
American people acknowledge that the embargo has been extremely unsuccessful. I
believe we can end it soon and bring about real change in our relationship. I will
keep fighting to create the right conditions for when that time comes when our
two nations can work collectively towards peace and prosperity.
Copyright © 2016 TheHuffingtonPost.com, Inc. | "The
Huffington Post" is a registered trademark of TheHuffingtonPost.com, Inc.
All rights reserved.
Part of HuffPost on HPMG News
5TH
INTERNATIONAL CONFERENCE ON FOOD PROCESSING & TECHNOLOGY
Date:
|
|
Location:
|
|
Category:
|
We feel proud and honored to invite
the attendees across the globe to its premier 15th International Conference on
Food Processing & Technology (Food Technology-2016) to be held during
November 07-09, 2016 at Istanbul, Turkey. With researcher and nutritionist
working on the science of future food we will form a traverse between the
academic and industry peers. This agenda for this Food Technology Conferences
will focus mainly on investigating the Interrelationships of Food, Nutrition
and Health to Feed our Future. Turkey is considered to be one of the leading
countries in the world in the field of food and agriculture. Turkish food
sector employs more than 100 thousand registered workers and technical staff in
more than 28 thousand enterprises which are mostly SMEs. Two thousand of these
enterprises are relatively modern and big plants. For registration and more
information about this Food Technology Event visit our website: http://foodtechnology.conferenceseries.com/
Commodity
Report-May 3
Published May 3, 2016 Today’s commodity report: National Weekly Rice Summary,
California F.O.B. Price for Extra Grade and Grade A Nonfat Dry Milk, California
Shell Eggs: Daily Egg Report, Shell Eggs: Daily National Egg Market and other
commodity end of the day market numbers.
National Weekly Rice Summary
In California, medium grain milled rice prices steady. Second
head prices steady to 1.00 lower and Brewers prices steady to 2.00 lower. Rice
by-products: Rice Bran prices steady to 10.00 lower. Rice hulls limited spot
trade with prices steady. May 1st Rice Planted was 15%, par with 5 yr. average.
CME Rough Rice settlements for Friday 29th, May 16 closed .105
higher at 10.84; Jul 16 closed .11 higher at 11.115; Sep 16 closed .095 higher
at 11.255. US dollar index on Friday settled at 93.08.
California F.O.B. Price for Extra
Grade and Grade A Nonfat Dry Milk
Week Ending
|
Avg. Price($/lb.)
|
Total Sales (lb.)
|
April 29, 2016
|
$0.7144
|
20,375,111
|
April 22, 2016
|
$0.7349
|
10,528,568
|
Prices are weighted averages for Extra Grade and Grade A Nonfat
Dry Milk, f.o.b. California manufacturing plants. Prices for both periods were
influenced by effects of long-term contract sales. Compiled by Dairy Marketing
Branch, California Department of Food and Agriculture.
California Shell Eggs: Daily Egg
Report
Prices are steady. The undertone is steady to lower. Offerings
and supplies are moderate to heavy. Demand is light to moderate. Market
activity is slow. Compared to last week, the shell egg inventory is 15.4 higher
in the Southwest region and 5.1% lower in the Northwest region.
Shell egg marketer’s benchmark price for negotiated egg sales of
USDA Grade AA and Grade AA in cartons, cents per dozen. This price does not
reflect discounts or other contract terms.
RANGE
|
|
JUMBO
|
156
|
EXTRA LARGE
|
149
|
LARGE
|
142
|
MEDIUM
|
113
|
Shell Eggs: Daily National Egg
Market
New York prices are unchanged on all sizes. California and regional
prices are steady. The undertone is steady to lower. Demand is light to
moderate in California, moderate to instances fairly good elsewhere. Offerings
are light to moderate in the Northeast, moderate to heavy in California,
generally moderate in the remaining regions. Supplies are mostly moderate to
heavy for trading purposes. The total shell egg inventory is 1.6 percent higher
when compared to the previous week. Market activity is slow to moderate.
Breaking stock offerings are light to moderate for the moderate demand. Light
type fowl offerings are adequate; processing schedules are full-time.
Tuesday’s Commodity Market ending
market numbers:
Corn
July Corn ended at $3.79 3/4 losing 12 cents, September ended at $3.81 1/2 down 10 3/4 cents.
Soybeans
July Soybeans ended at 10.30 decreasing 13 3/4 cents, August ended at 10.32 losing 12 cents.
Wheat
July Wheat ended at $4.70 3/4 down 17 cents, September ended at $4.81 1/4, decreasing 17 1/4 cents.
Rough Rice
July Rough Rice ended at 11.445 increasing 0.11, September ended at 11.59 up 0.12.
Live Cattle
June Live Cattle ended at $116.375 up $0.575, August ended at $114.35 gaining $0.625 and October ended at $114.325 increasing $0.75.
Feeder Cattle
May Feeder Cattle ended at $143.40 gaining $1.975 and August ended at $143.05 increasing $1.55 and September ended at $142.50 up $1.075.
Lean Hogs
May Lean Hogs ended at $78.475 increasing $0.05, June ended at $82.925 up $0.225
Class III Milk
May Class III Milk ended at $12.95 decreasing $0.08, June ended at $12.92 losing $0.07, July ended at $13.12 down $0.19.
#2 Cotton
July #2 Cotton ended at 63.06 down 1.31, December ended at 62.35 losing 1.07.
Sugar #11
July Sugar #11 ended at 16.25 increasing $0.04, October ended at 16.53 unchanged.
Orange Juice
July Orange Juice ending at 134.50 down $2.15, September ended at 134.55 losing $2.15.
July Corn ended at $3.79 3/4 losing 12 cents, September ended at $3.81 1/2 down 10 3/4 cents.
Soybeans
July Soybeans ended at 10.30 decreasing 13 3/4 cents, August ended at 10.32 losing 12 cents.
Wheat
July Wheat ended at $4.70 3/4 down 17 cents, September ended at $4.81 1/4, decreasing 17 1/4 cents.
Rough Rice
July Rough Rice ended at 11.445 increasing 0.11, September ended at 11.59 up 0.12.
Live Cattle
June Live Cattle ended at $116.375 up $0.575, August ended at $114.35 gaining $0.625 and October ended at $114.325 increasing $0.75.
Feeder Cattle
May Feeder Cattle ended at $143.40 gaining $1.975 and August ended at $143.05 increasing $1.55 and September ended at $142.50 up $1.075.
Lean Hogs
May Lean Hogs ended at $78.475 increasing $0.05, June ended at $82.925 up $0.225
Class III Milk
May Class III Milk ended at $12.95 decreasing $0.08, June ended at $12.92 losing $0.07, July ended at $13.12 down $0.19.
#2 Cotton
July #2 Cotton ended at 63.06 down 1.31, December ended at 62.35 losing 1.07.
Sugar #11
July Sugar #11 ended at 16.25 increasing $0.04, October ended at 16.53 unchanged.
Orange Juice
July Orange Juice ending at 134.50 down $2.15, September ended at 134.55 losing $2.15.
http://agnetwest.com/2016/05/03/commodity-report-may-3/
05/03/2016 Farm
Bureau Market Report
Soybeans
High
|
Low
|
|
Cash Bids
|
1049
|
1027
|
New Crop
|
1030
|
947
|
Riceland Foods
Cash Bids
|
Stuttgart: - - -
|
Pendleton: - - -
|
New Crop
|
Stuttgart: - - -
|
Pendleton: - - -
|
Futures:
|
|
Soybean Comment
Soybeans
closed sharply lower today after setting new multi month highs. The new crop
contract set new highs today after an early jump to $10.30; however, prices
weakened some 20-cents during the course of the day. Continued fund buying
continues to support prices as fundamentals remain mostly negative. Soybeans
will need a strong export report tomorrow to help
soybeans continue to maintain gains above $10.
Wheat
High
|
Low
|
|
Cash Bids
|
496
|
437
|
New Crop
|
500
|
475
|
Futures:
|
|
Wheat Comment
Wheat prices
saw the largest declines of any grains today as July wheat closed down 17-cents
on the day. July wheat has support at $4.67, if this support is broken prices
could be headed back towards contract lows if wheat does not get significant
support from outside markets. Wheat remains pressured by improving crop outlook
and lackluster demand.
Grain Sorghum
High
|
Low
|
|
Cash Bids
|
391
|
375
|
New Crop
|
366
|
282
|
Corn
High
|
Low
|
|
Cash Bids
|
406
|
380
|
New Crop
|
400
|
376
|
Futures:
|
|
Corn Comment
Corn prices
closed sharply lower with double digit losses in almost all the contracts. New
crop corn closed down some 9.5-cents today after prices failed near resistance
at $4 and is now back below $3.90. Corn prices continue to feel pressure from
improved planting forecast and concern over the weaker export inspections
yesterday. Corn prices are likely trying to consolidate back in their previous
range between $3.70 and $3.90.
Cotton
Futures:
|
|
Cotton Comment
Cotton futures
charted a huge bearish reversal today. The International Cotton Advisory
Committee revised its global output forecast to 22.96 million tons and lowered
the global demand forecast to 23.77 million, leaving ending stocks of 19.59
million tons for the 16/17 season. Weekly exports were a disappointing 74,600
running bales, down from 117,900 bales the previous week. This was due mainly
to recent price increases, but the decrease was greater than expected. Export
bookings are now down 23% from last year. July has uptrending support near
61.50 cents, while resistance is at the recent high of 64.75.
Rice
High
|
Low
|
|
Long Grain Cash Bids
|
- - -
|
- - -
|
Long Grain New Crop
|
- - -
|
- - -
|
Futures:
|
|
Rice Comment
Rice futures
were higher across the board today. July completed a 38% retracement today,
with the next upside objective at the 50% level of $11.93. Weekly exports were
only 31,700 metric tons this week, down from 121,300 metric tons last week. The
market will be watching crop progress closely. If farmers plant what they
reported to USDA in the survey, the large crop will limit the upside potential.
Currently, USDA says 72% of the crop in the ground and 55% emerged. In
Arkansas, the totals are 87% planted and 66% emerged, so Arkansas farmers made
lots of progress in a week’s time. However, world production is in question as
dry conditions persist in Asia due to El Nino, and that is providing support
and possibly pricing opportunities for the time being.
Cattle
Futures:
|
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Live Cattle:
|
|
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Feeders:
|
|
Arkansas Prices
Ft. Smith Livestock Auction
Heber Springs Livestock Auction
Oklahoma City
Oklahoma City - Feeder Cattle Auction Weighted Average Report
Cattle Comment
Cattle prices
closed higher again today as the market continues to try and recover last
losses from last Thursday's limit down move. The market has seen little bullish
support for prices as beef prices continue to weaken and cattle slaughtered
continues lag year ago levels.
Hogs
Futures:
|
|
Hog Comment
APEDA
AgriExchange Newsletter - Volume 1464
International Benchmark Price
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