Punjab to produce 160L metric
tonnes paddy
TNN | Updated: Sep 30, 2016, 07.16 AM IST
The Tamil Nadu government has increased the
minimum support price for paddy
The field staff would work day and night to procure the stocks even on the weekends and government holidays. The departments have been asked to ensure that there would be no shortage of gunny bags for storage of grains, he added. The state mandi board officials will make sure of arrangements in mandis to produce and to have proper sanitation facilities. The government of India has fixed MSP for paddy Rs 1,510 per quintal for Grade A and Rs 1,470 per quintal for common variety of paddy.
http://timesofindia.indiatimes.com/city/chandigarh/Punjab-to-produce-160L-metric-tonnes-paddy/articleshow/54595641.cms
Punjab
all set to start paddy procurement from Oct 1
Friday, 30 September 2016 | PNS | Chandigarh |
in Chandigarh
Eying
160 lakh metric tonnes (LMT) paddy, Punjab is all set to start paddy
procurement from October 1. State Food and Civil Supplies Minister Adaish
Pratap Singh Kairon has directed all the heads of the state procurements
agencies, especially the General Manager of Food Corporation of India (FCI),
Punjab region, to personally supervise the procurement operations across the state
beginning from October 1 so as to ensure prompt lifting of paddy as per their
allotted share of procurement. Punjab was expecting to procure 160 LMT of paddy this year. Of the total paddy, PUNGRAIN would procure 24 percent, PUNSUP 23 percent, Markfed 23 percent, Agro 10 percent, FCI 12 percent, and Punjab State Warehousing Corporation eight percent in all the 1830 purchase centers set up across the state.
Kairon, reviewing the arrangements of the paddy procurement for Kharif Season 2016-17 in the state, said that all out efforts should be made to ensure smooth, hassle-free and quick procurement of paddy on one hand and facilitate the farmers in getting timely payment of their produce on the other.
He categorically said that farmers of the state should not be put to any inconvenience for the sale of their produce in the mandis.
“Good quality sturdy gunny bags with accurate weight would be ensured while packing the produce. The officers concerned have been especially asked to visit the mandis during the procurement and ensure smooth lifting. He said the field staff would work day and night to procure the stocks even on Saturdays and Sundays and also on government holidays,” said Kairon.
The Minister has also asked the officers concerned to ensure that there would be no shortage of gunny bags for storage of grains, while asking the Punjab Mandi Board officials to make sure of arrangements in mandis to save produce and to have proper sanitation facilities.
Centre has fixed MSP for paddy Rs 1510 per quintal for Grade A and Rs 1470 per quintal for common variety of Paddy.
Proposal regarding Cash Credit Limit has been sent by Finance Department to Reserve Bank of India (RBI) on for availing CCL limit of Rs 26,089.80 crore for the purchase of 132 LMT paddy by the state agencies. FCI will make its own arrangements for the funds required for purchase of paddy.
Kairon made a fervent appeal to all the farmers to bring dry clean and fully matured paddy to the mandis and at the same time, he has asked the district administration not to allow paddy harvesting during night time as the moisture in atmosphere is more at night than during the day time
http://www.dailypioneer.com/state-editions//punjab-all-set-to-start-paddy-procurement-from-oct-1.html
Export woes cut kharif
basmati sowing by 25% in Punjab, Haryana
The sowing of basmati rice
across the key growing areas of Punjab and Haryana has seen a sharp fall of 25%
to 1.57 million hectares this kharif season from close to 2 million hectares
reported in 2015.
By: Sandip Das | New Delhi | Updated: September 30,
2016 7:19 AM
“Lower output because reduced acreage in this kharif is expected to push up basmati rice prices,” said a leading exporter. At present, basmati rice prices are ruling around R5,700 to R5,800 per quintal in the Karnal market.
According to data by the Agricultural and Processed Food Development Authority, exports realisation from the basmati rice fell by 17% to R22,714 crore in FY16 in comparison to the previous year. But the volume of exports rose to 4.04 million tonne (mt) from 3.7 mt during the same period. In 2013-14, the country exported basmati rice worth of R29,299 crore.
In April, rating agency ICRA had stated that the domestic basmati rice industry, which is witnessing excess supply and weak demand, may revive in the next harvest season in the second half of 2016-17. “The supply of basmati paddy is expected to witness some moderation as farmers are likely to shift away from basmati, given the non-remunerative prices in the last two crop cycles,” ICRA has stated in its report. The report also stated since Iran, the biggest importer of basmati from India, has removed the ban on rice imports, demand is also expected to improve
Monsoon ends at par,
brightens rabi crop outlook
VINSON KURIAN
VISHWANATH KULKARNI
85 % of
the country has received normal to excess rains; rabi planting to commence soon
Bengaluru/Thiruvananthapuram, Sept
30:
After
two consecutive years of drought, the South-West Monsoon delivered a near
normal rainfall in the 2016 season, which ended on Friday.
Indeed,
the delayed withdrawal across most parts of the country is seen to be
brightening the prospects for the rabi or winter crops, for which planting will
soon commence.
Well spread
Though
the cumulative actual precipitation fell short of the Met Department’s
forecast, the widespread rains across the country, except parts of the
Peninsula, East, North-East and North-West India, are seen helping the country
produce a record foodgrain harvest of 135 million tonnes in the current kharif
season.
About 85
per cent of the country’s geographical area has received normal to excess rains
this monsoon, while the rest, encompassing some nine meteorological
subdivisions, has received deficient rains.
The rain
deficiency was more pronounced in East and North East India (-11 per cent),
followed by the Peninsula (-8 per cent) and North West India (-5 per cent).
Only
Central India had a cumulative surplus of 6 per cent.
Kerala,
which had a rainfall deficit of 34 per cent, topped the list of rain-deficient
metrological sub-divisions, followed by Assam (-30 per cent), Punjab (-28 per
cent), Haryana, Chandigarh and Delhi (-27 per cent), Lakshadweep (-25 per
cent), Gujarat (-24 per cent), Coastal Karnataka (-21 per cent), South Interior
Karnataka (-21 per cent) and Tamil Nadu & Pondicherry (-19 per cent).
Meanwhile,
a weather outlook for the first two weeks into October indicates above-normal
rainfall for Central India and comparatively active rainfall for the eastern
parts of Central India.
The
outlook issued jointly by the IMD, Indian Council of Agricultural Research, and
the Central Research Institue for Dryland Agriculture was as follows: During
the first week (September 30-October 6), a cyclonic circulation will generate
above-normal rainfall over most parts of central India and ‘comparatively
active rain’ over its eastern parts.
Rain forecast
During
the second week, rainfall is expected to be above normal mainly over the
north-east.
The
location-wise forecast said that normal or above normal rainfall is likely
during the next fortnight over east Rajasthan, Jharkhand, Bengal, Sikkim,
Odisha, Arunachal Pradesh, Assam, Meghalaya, Nagaland, Manipur, Mizoram,
Tripura, west Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Gujarat,
Maharashtra, Andhra Pradesh, Telangana, coastal Karnataka and north interior
Karnataka.
Normal
or above normal rainfall has been forecast during this period over Jammu and
Kashmir, Himachal Pradesh, Uttarakhand, Punjab, Haryana, Delhi, east Uttar
Pradesh, west Rajasthan, Bihar and Tamil Nadu.
Below
normal rainfall is likely to occur during the next two weeks over Kerala.
http://www.thehindubusinessline.com/economy/agri-business/monsoon-ends-at-par-brightens-rabi-crop-outlook/article9169241.ece
Africa imports $5b worth of rice every year –
Tijani
Category: Africa/International September 30,
2016
Rice is a primary staple for food consumption,
particularly in West Africa, where its growing cities depend on rice as a
cornerstone of the daily diet and consumption is increasing by 5.5 per cent
annually.“Such a heavy reliance of most African countries on rice imports for
their consumption continues to pose a serious food security concern, as rice
consumption will jump to 130 per cent by 2035,” Mr Bukar Tijani, the Food and
Agriculture Organisation (FAO) Assistant Director-General and Regional Representative
for Africa, has said.Speaking at the opening ceremony of a two-day technical
workshop to discuss the implementation of the “Partnership for Sustainable Rice
Systems Development in Sub-Saharan Africa” project, Mr Tijani saidd that the
consumption of rice, a primary staple in Africa, is rising more than any other.
Ten countries (Benin, Cameroon, Côte d’Ivoire,
Guinea, Kenya, Mali, Nigeria, Senegal, the United Republic of Tanzania and
Uganda) are involved in the project, which is a partnership between Venezuela
and FAO that strongly emphasizes the importance of sharing best practices among
the participating African states and other countries.At the regional level, the
project is consistent with the Africa Union’s Comprehensive Africa Agriculture
Development Programme (CAADP) adopted by governments throughout the region and
which aims to increase market access through improved rural infrastructure and
facilitate regional trade in food staples.
At country level, the project is consistent
with FAO Country Programme Frameworks (CPFs) and national rice policies.It will
also include Civil Society Organizations, Farmer-Based Organizations (FBOs),
public-private partnerships and development partners in an effort to harmonize
regional efforts through joint activities.Mr Tijani said research institutions
have highlighted the potential role of high-yielding rice varieties as a
solution to boost low crop productivity, targeting their increased use by
smallholders.In response, the African Union and the African Development Bank
have recognized rice as a priority strategic food crop for the region as part
of the Malabo agenda to eradicate hunger in Africa by 2025”, he added.Also, the
FAO is actively consolidating partnerships with regional and global development
partners to support the transformation of Africa’s rice sector by boosting
productivity, strengthening rice value chains and supporting improved
coordination of regional markets.
Currently, FAO is also working with the
Coalition for African Rice Development (CARD) led by the Japanese International
Cooperation Agency, alongside Africa Rice, African Development Bank and others,
to provide technical assistance to countries seeking to double rice production
levels by 2018.Dr Sidi Sanyang, Program leader in AfricaRice, said rice is the
single most important source of dietary energy in West Africa and the third
most important for sub-Saharan Africa (SSA) as a whole.He said despite the
positive and rapid increase in rice production in Africa since 2007, local rice
production is unable to keep pace with the increasing demand.Dr Sanyang said
the demand-supply gap is widening and this demands an intensification of rice
production, based on enhancing biological processes of the ecosystem.He said
this production model will be the foundation and the benefit of the entire
business model and rice food chain.
The FAO is working with existing research and
development partners with initiatives that are toward similar goals (CARD,
AfricaRice, AfDB, AGRA and others), in order to promote more efficient,
sustainable and productive rice production systems in Africa.The project
implementation will address efficient rice production systems for Africa,
supported through the promotion and adoption of best practices and up scaling
of proven and tested technologies.In addition to the support of the development
and promotion of policy options and effective institutions and markets, it will
also cover the development of agribusiness models along the rice value chain
for increased production and productivity, including reduction of post-harvest
losses and improved grain quality.
Other areas are irrigated and integrated rice
systems to ensure sustainable increased production
https://www.ghanabusinessnews.com/2016/09/30/africa-imports-5b-worth-of-rice-every-year-tijani/
Rice prices to drop
(The
Philippine Star) | Updated September 30,
2016 - 12:00am
Farmers thresh palay at a farm in Bacnotan, La
Union yesterday. JUN ELIAS
BOCAUE,
Bulacan, Philippines – Prices of commercial rice are expected to go down in the
coming days with the start of the harvest season, according to rice traders.Palay prices started to decline on the second week of this month, traders at the Intercity Industrial Estate in this town, a major rice trading center, told The STAR yesterday.
They said rice from Nueva Ecija, Pampanga, Pangasinan, Nueva Viscaya, Isabela and Cagayan have started arriving at the trading center.
Rice prices have gone down from P24.50 to P19.50 to P21 per kilo depending on the quality and variety.
Palay prices are expected to stabilize at P15 to P16 per kilo for ordinary varieties until November, rice traders added.
They said the price of aromatic palay varieties has decreased from P27 to P24 per kilo.
Rice prices are expected to go down as soon as
rice dealers disposed stocks that were procured at higher prices.
Paddy Prices Hit New Low Ahead of Pchum Ben
Holiday
Rice
paddy prices have taken a new dive to less than $150 per ton ahead of the Pchum
Ben holiday in an ongoing crisis that has only deepened despite government
intervention earlier this month.Sinking from $250 per ton in the middle of last month to $192 earlier this month, the government approved $27 million in subsidies to help mills purchase paddy from farmers and appealed to officials and friends of the CPP to buy paddy and dry it themselves, making room for more at mills.
But prices have plummeted once again.
The value of paddy hit a new low after the short reprieve, dropping to about $147 per ton this week, said Moul Sarith, secretary-general of the Cambodian Rice Federation.
Sales have again slowed as mills have largely closed for the Pchum Ben holiday over the weekend, but it should not be a problem as farmers have been told to hold off on harvesting their crops until mills reopen, Mr. Sarith said.
But some farmers have ignored these requests.
“We are still harvesting our yield because we are afraid of flooding,” said Mao Layhuon, a 56-year-old farmer from Banteay Meanchey province’s Soeu commune in Mongkol Borei district.
He said he felt backed into a corner when he sold his paddy for $147 per ton on Thursday, but worried it would go bad over the weekend if it wasn’t dried immediately.
“We sold the yield that we had harvested, but the middlemen offered us a very low price while mills are closed for the Pchum Ben ceremonies,” he said.
A government recommendation earlier this month that paddy be bought for $235 had created an expectation for higher returns, he said.
“Other workers and I are hopeless,” he said. “If the price stays low or drops further, our ultimate choice may be to sell our land or migrate.”
Soy Sarom, a 50-year-old farmer from the same commune, said middlemen had gained an upper hand even before mills had begun closing for the holiday weekend by largely refusing to pick up paddy directly from farms.
Farmers lack a means of transportation “so we can only sell to middlemen,” he said, giving these individuals “power to press the price down.”
“I don’t think the intervention was effective,” he said.
With international paddy prices continuing to fall, Hun Lak, vice president of the rice federation, said the current crisis is likely to carry into the country’s main harvest season in November unless the government intervenes again.
At that point in time, the issue would become “bigger than now,” he said.
Chan Sophal, director of the Center for Policy Studies for Cambodian Development, agreed that there is little that could be done to help farmers through this struggle, except by continuing to pour money into the sector.
“I don’t expect the government to have enough cash to help every farmer,” he said.
“It’s not looking good for the coming harvest in November and December.”
(Additional reporting by Janelle Retka)
Water savings, cost-sharing for rice growers
from AWD: Part III
Sep 30, 2016 | Delta Farm Press
He described current research underway at the
Center on a number of practices, ranging from row rice to carbon credit
programs that rice farmers may be eligible to participate in as part of their
environmental stewardship program.
For more information on RiceTec and rice
production, visit http://www.ricetec.com/.
http://deltafarmpress.com/rice/water-savings-cost-sharing-rice-growers-awd-part-iii
Giant rice exporter incurs huge loss
VietNamNet Bridge - The Southern Food
Corporation, also known as Vinafood 2, one of two of Vietnam's largest rice
exporters, has reported an accumulative loss of VND1 trillion ($45 million). Giant rice exporter incurs huge loss
VietNamNet
Bridge - The Southern Food Corporation, also known as Vinafood 2, one of two of
Vietnam's largest rice exporters, has reported an accumulative loss of VND1
trillion ($45 million).
Vinafood
2’s latest report showed that the corporation has had difficulties since 2012.
It made a pretax profit of VND167 billion in 2012, but then took a loss of
VND268 billion in 2013 and VND900 billion in 2014.
Explaining the bad business performance, Vinafood 2 blamed the stiff competition in the world market. In the high-end market segment, Vietnam has to compete with Thailand, which has lowered selling prices in an effort to clear its stocks.
Meanwhile, in the low-cost market segment, the plentiful supply from India makes it difficult for Vietnam to export products.
When asked about the huge loss of VND900 billion in 2014, Vinafood 2 said when it won the bid of providing 600,000 tons of rice to the Philippines, the domestic rice price unexpectedly increased. As a result, Vinafood 2 had to collect rice at high prices to fulfill the contract and incurred a loss of VND213 billion.
In fact, 74 member companies of the Vietnam Food Association (VFA) were assigned to implement the contract. However, as the domestic price surged, they all gave up.
Explaining the bad business performance, Vinafood 2 blamed the stiff competition in the world market. In the high-end market segment, Vietnam has to compete with Thailand, which has lowered selling prices in an effort to clear its stocks.
Meanwhile, in the low-cost market segment, the plentiful supply from India makes it difficult for Vietnam to export products.
When asked about the huge loss of VND900 billion in 2014, Vinafood 2 said when it won the bid of providing 600,000 tons of rice to the Philippines, the domestic rice price unexpectedly increased. As a result, Vinafood 2 had to collect rice at high prices to fulfill the contract and incurred a loss of VND213 billion.
In fact, 74 member companies of the Vietnam Food Association (VFA) were assigned to implement the contract. However, as the domestic price surged, they all gave up.
Despite
the loss of VND1 trillion, the salaries paid to Vinafood 2’s managers are
still high. It paid VND30 million to managers in 2015 and plans to pay VND45
million in 2016.
|
Only
Vinafood 2, as the major business, had to fulfill the contract.
In 2015, Vinafood 2 admitted the bad business performance in 2014. However, with drastic measures taken, Vinafood 2 began making profit. In 2015, it reportedly made a pretax profit of VND155 billion.
Thanks to the profit, the accumulative loss of the rice exporter fell to VND948 billion by the end of 2015.
Also according to Vinafood 2, the total accounts receivable by the end of 2015 had reached VND2.337 trillion, including VND653 billion worth of irrecoverable debt. The figure represented a VND50 billion decrease compared with 2014.
The giant has asked the state to allow it to apply a special policy to deal with irrecoverable debt and unused assets waiting for liquidation.
Prior to that, in March 2016, the enterprise proposed to the Prime Minister to exclude it from subjects for supervision to help it access bank loans more easily.
In late 2015, the government inspectors found wrongdoings at VInafood 2. The holding company was discovered violating the laws in lending and acting as a guarantee for loans worth VND1.7 trillion.
As a result, it has to pay debts for some of its subsidiaries, totalling VND258 billion.
Despite the loss of VND1 trillion, the salaries paid to Vinafood 2’s managers are still high. It paid VND30 million to managers in 2015 and plans to pay VND45 million in 2016.
In 2015, Vinafood 2 admitted the bad business performance in 2014. However, with drastic measures taken, Vinafood 2 began making profit. In 2015, it reportedly made a pretax profit of VND155 billion.
Thanks to the profit, the accumulative loss of the rice exporter fell to VND948 billion by the end of 2015.
Also according to Vinafood 2, the total accounts receivable by the end of 2015 had reached VND2.337 trillion, including VND653 billion worth of irrecoverable debt. The figure represented a VND50 billion decrease compared with 2014.
The giant has asked the state to allow it to apply a special policy to deal with irrecoverable debt and unused assets waiting for liquidation.
Prior to that, in March 2016, the enterprise proposed to the Prime Minister to exclude it from subjects for supervision to help it access bank loans more easily.
In late 2015, the government inspectors found wrongdoings at VInafood 2. The holding company was discovered violating the laws in lending and acting as a guarantee for loans worth VND1.7 trillion.
As a result, it has to pay debts for some of its subsidiaries, totalling VND258 billion.
Despite the loss of VND1 trillion, the salaries paid to Vinafood 2’s managers are still high. It paid VND30 million to managers in 2015 and plans to pay VND45 million in 2016.
Gov't to audit value assessment of Vinafood 2
Deputy Prime Minister Vuong Dinh Hue has asked
the State Inspectorate to audit the result of the corporate value assessment of
Viet Nam Southern Food Corporation (Vinafood 2) and resolve its financial
issues.
The deputy prime minister instructed the
inspectorate to complete the audit before December 1, 2016.
Earlier, the Ministry of Agriculture and Rural
Development submitted to Prime Minister Nguyen Xuan Phuc its equitisation plan
for Vinafood 2. Under the plan, the corporation will sell part of the
State-owned capital in the corporation and issue more shares to raise its
charter capital.
The corporation estimated its charter capital
at VND5 trillion (US$224.2 million), equal to 500 million shares at VND10,000
per share. It will issue an additional 16.5 million shares to raise its charter
capital.
Under the plan, the Government will retain 65
per cent of its stake, equivalent to VND3.25 trillion, after equitisation. The
corporation plans to sell 25 per cent stake to strategic investors and 8.95 per
cent through auction to domestic and foreign investors. The remaining stake
will be sold to its employees.
Vinafood 2 earned VND22.75 trillion in revenue
in 2015, a decline of VND3.55 trillion compared with 2014. The corporation last
year incurred a loss of some VND9 billion, bringing total cumulative losses to
VND1.06 trillion in the last three years.
The corporation was established under the Prime
Minister's decision in 2010. It is one of the country's largest businesses in
rice exports. However, its business results have shown continuous losses in
recent years.
The corporation has proposed that relevant
sectors implement special policies to resolve debts, which it failed to collect
from its partners, and unnecessary assets in accordance with current
regulations that are applicable on a certain businesses that conduct
equitisation.In March 2016, the corporation also asked the Prime Minister to
remove it from the list of businesses under special supervision to create
conditions for it to maintain credit relations with banks. — VNS
Vinafood 2’s latest report showed that the
corporation has had difficulties since 2012. It made a pretax profit of VND167
billion in 2012, but then took a loss of VND268 billion in 2013 and VND900
billion in 2014.
Explaining the bad business performance,
Vinafood 2 blamed the stiff competition in the world market. In the high-end
market segment, Vietnam has to compete with Thailand, which has lowered selling
prices in an effort to clear its stocks.
Meanwhile, in the low-cost market segment, the
plentiful supply from India makes it difficult for Vietnam to export products.
When asked about the huge loss of VND900
billion in 2014, Vinafood 2 said when it won the bid of providing 600,000 tons
of rice to the Philippines, the domestic rice price unexpectedly increased. As
a result, Vinafood 2 had to collect rice at high prices to fulfill the contract
and incurred a loss of VND213 billion.
In fact, 74 member companies of the Vietnam
Food Association (VFA) were assigned to implement the contract. However, as the
domestic price surged, they all gave up.
Despite the loss of VND1 trillion, the salaries
paid to Vinafood 2’s managers are still high. It paid VND30 million to managers
in 2015 and plans to pay VND45 million in 2016.
Only Vinafood 2, as the major business, had to
fulfill the contract.
In 2015, Vinafood 2 admitted the bad business
performance in 2014. However, with drastic measures taken, Vinafood 2 began
making profit. In 2015, it reportedly made a pretax profit of VND155 billion.
Thanks to the profit, the accumulative loss of
the rice exporter fell to VND948 billion by the end of 2015.
Also according to Vinafood 2, the total
accounts receivable by the end of 2015 had reached VND2.337 trillion, including
VND653 billion worth of irrecoverable debt. The figure represented a VND50
billion decrease compared with 2014.
The giant has asked the state to allow it to
apply a special policy to deal with irrecoverable debt and unused assets
waiting for liquidation.
Prior to that, in March 2016, the enterprise
proposed to the Prime Minister to exclude it from subjects for supervision to
help it access bank loans more easily.
In late 2015, the government inspectors found
wrongdoings at VInafood 2. The holding company was discovered violating the
laws in lending and acting as a guarantee for loans worth VND1.7 trillion.
As a result, it has to pay debts for some of
its subsidiaries, totalling VND258 billion.
Despite the loss of VND1 trillion, the salaries
paid to Vinafood 2’s managers are still high. It paid VND30 million to managers
in 2015 and plans to pay VND45 million in 2016.
Gov't to audit value assessment of Vinafood 2
Deputy Prime Minister Vuong Dinh Hue has asked
the State Inspectorate to audit the result of the corporate value assessment of
Viet Nam Southern Food Corporation (Vinafood 2) and resolve its financial
issues.
The deputy prime minister instructed the
inspectorate to complete the audit before December 1, 2016.
Earlier, the Ministry of Agriculture and Rural
Development submitted to Prime Minister Nguyen Xuan Phuc its equitisation plan
for Vinafood 2. Under the plan, the corporation will sell part of the
State-owned capital in the corporation and issue more shares to raise its
charter capital.
The corporation estimated its charter capital
at VND5 trillion (US$224.2 million), equal to 500 million shares at VND10,000
per share. It will issue an additional 16.5 million shares to raise its charter
capital.
Under the plan, the Government will retain 65
per cent of its stake, equivalent to VND3.25 trillion, after equitisation. The
corporation plans to sell 25 per cent stake to strategic investors and 8.95 per
cent through auction to domestic and foreign investors. The remaining stake
will be sold to its employees.
Vinafood 2 earned VND22.75 trillion in revenue
in 2015, a decline of VND3.55 trillion compared with 2014. The corporation last
year incurred a loss of some VND9 billion, bringing total cumulative losses to
VND1.06 trillion in the last three years.
The corporation was established under the Prime
Minister's decision in 2010. It is one of the country's largest businesses in
rice exports. However, its business results have shown continuous losses in
recent years.
The corporation has proposed that relevant
sectors implement special policies to resolve debts, which it failed to collect
from its partners, and unnecessary assets in accordance with current
regulations that are applicable on a certain businesses that conduct
equitisation.
In March 2016, the corporation also asked the
Prime Minister to remove it from the list of businesses under special
supervision to create conditions for it to maintain credit relations with
banks. — VNS
http://english.vietnamnet.vn/fms/business/164312/giant-rice-exporter-incurs-huge-loss.html
Lagos to build silos for rice storage
Special Adviser to Governor AkinwumiAmbode on Food Security, Sanni Okanlawon, who made this known, said the state was building a 3, 000 metric tonne-silo in Imota, to usher in high economic efficiency as farmers would be able to preserve rice for several months.
He stressed the need for private sector collaboration with the state to build more silos, help maintain rice quality and raise the competitiveness of Nigerian grains.
Okanlawon said the state was determined to increase the aggregate food supply from less than 15 per cent to 25 per cent through various projects and programmes.
He noted that as part of efforts to increase food supply and ensure food security, the state government, through the Ministry of Agriculture, was implementing its strategic food security plan with programmes and projects that have remarkable impact on food security.
According to him, some of the programmes and projects intensified to boost food production included collaboration between Lagos and Kebbi states for the development of agricultural commodities like rice, wheat, ground-nut, onions, maize/sorghum and beef value chains; the Agric Youth Empowerment Scheme (AGRIC-YES) Araga, Epe; and continued establishment of infrastructural facilities at Songhai-Avia, Badagry under the Agricultural Youth Empowerment Scheme.
“Others are the Estates Initiatives on Poultry; Fish; Vegetable and Arable Crops; Coconut Development in Lagos State for tourism and poverty alleviation; commercial agriculture development project to increase productivity; National Fadama development project for poverty alleviation; input subsidy and organic farming promotion to increase farmers income; farm mechanisation to reduce drudgery in Agriculture; and Agricultural land holdings and management to improve access by genuine farmers to land,” he added.
He also stated that the state government was not relenting in its rural finance institution building programme and school agricultural programme, adding that it was also strengthening its Agricultural Extension Services and animation to improve farmers’ productivity, while development of modern abattoirs to provide wholesome meat to the citizens is accorded desired priority.
He stated that in furtherance to the ministry’s efforts at boosting rice production, a total of 100 farmers through the FADAMA III additional financing programme have been settled on the 500 hectares of land acquired in Eggua, Ogun State, adding that through this, rice cultivation has improved in the state.
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Rice Comment
Rice prices gapped higher to end the week on a
positive note. 73% of the crop has been harvested nation-wide, and in Arkansas
84% of the crop was in the bins as of Sunday. Export sales were 46,800 tons for
the week. November continues to have support at the low of $9.35, with
resistance near $10, but is trending higher within those confines.
Congress Passes Last-Minute Continuing Resolution through
December
WASHINGTON, DC -- This week both chambers of Congress worked out a
deal and passed a continuing resolution that will fund the federal government
through December
9 and avoid a government
shutdown on October 1. President Obama supported the continuing
resolution negotiated by Congress and signed it into law.
The legislation took several attempts for a bipartisan agreement
to be reached and was the last remaining piece of business that Congress needed
to address before returning to their homes for recess until November 14,
following the General Election. The lame duck session in November and
December will require lawmakers to finalize additional legislative packages
including a long-term funding bill for FY 2017 and the Water Resources
Development Act (WRDA) of 2016, among others.
Ben Mosely, USA Rice vice president of government relations,
reacted positively to the passage of the continuing resolution, saying
"There's more to this legislation than just short-term funding of the
federal government. There's an additional $500 million set aside for
disaster aid following a series of extreme weather events and flooding
throughout the country."
While the amount of money divvied out to each of the states
affected by natural disasters has not yet been made public, Mosely said,
"Louisiana is certain to receive a fair portion of those funds given the
sheer volume of damage to their farms, businesses, and homes just last
month. Louisiana Commissioner of Agriculture, Mike Strain, is working to
secure a portion of the Louisiana funding to directly aid farmers experiencing
non-insured losses to their operations."
Mosely added, "USA Rice is continuing to work with Congress,
the Administration, and Louisiana officials to press for additional disaster
aid specifically for Louisiana's agriculture sector and we're treating these
initial funds as a down payment until a larger appropriations measure is
considered during the lame duck."
Thai
rice exports down 11% in August
- 30 Sep 2016 at 15:20 3,946
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- WRITER:
ONLINE REPORTERS
- +
Thailand remained the world's
second-largest rice exporter after India in the first eight months of this
year, with exports down almost 11% last month, according to exporters.
From January to August, Thailand shipped 6.06
million tonnes of rice worth 96.23 billion, up 2.9% year-on-year by volume and 1.4%
by value.The largest markets during the period were Benin (11% of total volume), China (9%), Ivory Coast (8.4%), South Africa (6.2%) and Indonesia (5.8%).
By comparison, India shipped 6.71 million tonnes in the same period. The third largest exporter was Vietnam, which shipped 3.12 million tonnes.
In August, exports fell 10.7% year-on-year but jumped 40% from the previous month as African buyers returned, the trade body said.
The country shipped 622,630 tonnes worth 10.4 billion baht during the month.
The association foresaw exports of 600,000-700,000 tonnes in September as exporters have to deliver rice to the Philippines and fill more orders placed by African buyers.
AR Rice Industry Donates Over
115,000 Pounds to Arkansas Food Bank
Published 09/29 2016 04:08PM
Updated 09/29 2016 04:08PM
The Arkansas Rice Industry donated
116,900 pounds of rice to the Arkansas Food Bank.
The donation is in honor of
National Rice Month. The rice donated will provide over 1.1 million servings of
rice for hungry Arkansas families.
"The Arkansas rice industry is
committed to being good stewards of our resources and helping to alleviate
hunger in our state," Arkansas Rice Council President Jeff Rutledge said.
"We take great pride in our partnership with the Arkansas Foodbank and
appreciate their efforts to feed our hungry neighbors."
Participating rice processors
include Windmill Rice Company, Riceland Foods, Inc, Cormier Rice Milling,
Producers Rice Mill, Viviana Foods, Southwind Rice Mill and Specialty
Rice, Inc.
The Arkansas Foobank works with 600
Arkansas hunger relief programs statewide.
On Monday, Governor Asa Hutchinson
declared September as "Rice Month" in Arkansas.
http://www.nwahomepage.com/news/ar-rice-industry-donates-over-115000-pounds-to-arkansas-food-bank
