MINCOM URGED TO FACILITATE SMEs WITH E-COMMERCE
PORTAL ON PRIORITY
The Union of Small and Medium Enterprises (UNISAME) has invited
the attention of federal commerce minister Khurram Dastagir to the absence of a
national business portal linking the Pakistani exporters to international
buyers through internet e-commerce and urged him to direct its setting up on
top priority.Zulfikar Thaver president UNISAME and chairman Capacity Building
Group NFIS said one fails to understand that despite of several request to the
different ministries of Planning and Reforms, Finance, Industries and Commerce
about the urgent requirement, high importance and high impact a B2B portal
could make for the exports of the SME sector, no steps have been taken.
He said the SMEs cannot afford to subscribe for the foreign B2B
portals who are demanding high fees for the facility of posting the products
and services of the SMEs.Thaver said it is the duty of the Trade Development
Authority of Pakistan (TDAP) who is collecting Export Development Surcharge
(EDS) to facilitate the SMEs and provide them the facility of connectivity and
e-presence.It is very unfortunate that UNISAME has to highlight the importance
of the portal and keep reminding the different ministries time and again. This
lack of interest and lethargy on the part of the different ministries is
damaging the sector.
It is pertinent to note that the Small and Medium Enterprises
Development Authority (SMEDA) spent a huge amount of money and made the system
but now does not have the funds to implement it. Likewise the TDAP
prepared the draft of the project and even formed the steering committee but
abandoned it. The TDAP can start right away by joining hands with SMEDA who has
it and can provide it to TDAP on turn key basis if TDAP is prepared to finance
its functioning.Needless to state that the ministry of information and
technology has not thought about it and the ministry of planning and reforms
has acknowledged that this is an high impact facility which would facilitate
the sector but is unable to convince the finance ministry which needs to
provide funds for its implementation.
The B2B portal could increase exports of SMEs in
textiles,rice and commodities, light engineering, general merchandise and food
items substantially.Thaver has appealed to the
different ministries to take up the matter in the cabinet as it relates to all
of them and it is a matter of concern in view of the declining exports.
Challenging
trade dynamics to widen current account gap in FY17
By: By
Abrar Hamza
11-Nov-16
KARACHI: While previous fiscal saw the
continuation of a longstanding decline in Pakistan's share in global trade,
foreign trade statistics of current fiscal depicts gloomy picture too as trade
deficit increased further by 22 percent in theJuly-October period.World Bank
(WB) projects subdued growth in exports and accelerated growth in imports are
expected to lead to a widening of the current account deficit from 1.1 percent
in Fiscal Year 2016-17 (FY16) to 1.7 percent in FY17.
Exports from Pakistan to the world shrunk by
6.31 percent in July-October of Fiscal Year 2016-17 (FY17) to $6.43 billion as
compared to $6.86 billion worth of exports in corresponding period of previous
fiscal. Importers remained active in the said periods as Pakistan imported
$15.75 billion worth of goods which were 8.60 percent higher than imports value
of $ 14.50 billion in same period of FY16.
The increasing gap between exports and imports
enlarged the trade imbalance of the country in the period under review as it
settled at $9.31 billion, 21.99 percent higher than trade deficit of $7.63
billion in same period of FY16, the Pakistan Bureau of Statistics (PBS)
reported Thursday.
"Pakistan has lagged behind its
competitors in trade openness, reducing its prospects of regaining export momentum.
Pakistan's decline in competitiveness has been driven by poor trade
facilitation, infrastructure gaps, inefficient logistics and a poor investment
climate as the. 'Pakistan has also lagged behind its competitors in trade
openness, reducing its prospects of regaining export momentum. The simple
average tariff has fallen only slightly from 14.4 percent in FY13 to 13.4
percent in FY16", says a new WB Report
This trend is a combined reflection of
Pakistan's weakening export competitiveness and soft global demand in key
sectors. Food and textiles, in particular, are key contributors to Pakistan's
exports and continue to suffer from a decline in international prices and
demand, said WB.For example, although Pakistan exported more rice in FY16 than
in FY15, lower international prices translated to a lower total value of rice
exports.'More generally, Pakistan's decline in competitiveness has been driven
by poor trade facilitation, infrastructure gaps, inefficient logistics and a
poor investment climate'.
On the other hand, the exports rose by 13.80
percent from $1.54 billion in September 2016 to $1.75 billion in the month of
October 2016. Similarly, significant increase in imports by 4.35 percent to
$4.02 billion during the fourth month of new fiscal dampened the Pakistan trade
balance. The imports of the country stood at $3.85 billion by the end of
September 2016.Thefore, on monthly basis, trade balance in October 2016 as
compared to October 2016 narrowed by 1.94 percent to $2.27 billion.
http://dailytimes.com.pk/business/11-Nov-16/challenging-trade-dynamics-to-widen-current-account-gap-in-fy17
Precision Farming Market to Reach
$4.92 billion with 11.8% CAGR Forecast to 2020
Precision Farming Market 2016
Global Trends, Market Share, Industry Size, Growth, Opportunities, and Forecast
to 2020
PUNE, INDIA, November 11, 2016 /EINPresswire.com/
-- The global precision farming market is expected to be sized around $4.92 billion by 2020 with a
growth rate of CAGR 11.8% during 2015-2020 forecast period. The current market
value for precision farming globally is estimated to be $2.85 billion.
Precision farming is a satellite based site specific farming concept based on
observing, measuring and responding to inter and intra-field variability in
crops.
Precision agriculture is developed in the aim to optimize the field-level management with regard to crop science, environmental protection and economic scenario. It denotes the new age farming technology exceptionally helpful for the farming community growth and improved agricultural crop yield. It enables the farmers to be more aware of the technological advancements in agricultural sector and so ultimately helping in better decision making and traceability.
Request a sample report @ https://www.wiseguyreports.com/sample-request/368248-global-precision-farming-market-by-technology-application-and-geography-market-shares-forecasts-and-trends-2015-2020
Precision farming is employed as a tool for optimum management of farm activities through site specific approach and better availability of information. The high growth in this sector is credited to continuous advancements in agricultural sector globally, food yield and productivity issue and cost/energy efficiency. Countries in Europe and North America are continuously evolving due to the encouraging government initiatives and support in form of legislations and subsidies. Low penetration of technology in many regions, lack of awareness and high initial cost and time related to infrastructure development possess serious threat for the holistic growth of the sector. Technological advancement in form of drones and Unmanned Aerial Vehicle (UAV) are seen as opportunity segment for future growth.
The global precision farming market can be segmented on the basis of technology adopted, product application and by geography. By technology, the market is explained in terms of guidance system, remote sensing and Variable Rate Technologies. The largest market in the technology segment is guidance system involving GPS, GIS and GNSS systems etc. The hardware application involving various monitoring and mapping systems gains higher significance in agricultural fields while software applications related to crop, farm and weather management would grow at a faster rate in the forecast period. Crop management both in hardware and software systems would show high potential of growth as it helps in crop protection, monitoring & auditing, waste & pollution management, landscape & soil management, and crop nutrition.
Precision farming is particularly very popular in commercially developed agricultural regions like North America and Europe. More than 65% of the global market share is accounted to these two regions. Led by US, North America is the largest market for precision farming with 47% of global market share. Encouraging government legislations and policies pertaining adoption of precision farming have helped the European market to register growth in the last five years. The economic growth in Asia Pacific region would create a growing demand in agriculture dominated countries like India, China and Japan.
The key players operating in the global market include- ACGO Corporation, John Deere & Company, Lindsay Corp., Trimble Navigation, Agjunction Inc. and Raven Industries Inc. (U.S.) etc. As a capital intensive industry, the major global players opt for collaborations and partnerships for improving their geographical reach. Innovation in product development and operational approaches are readily followed as a long term strategy.
In this report we offer,
• Market analysis for the Global Precision Farming Market, with region specific assessments and competition analysis on global and regional scales. • Market definition along with the identification of key drivers and restraints
• Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
• Extensively researched competitive landscape section with profiles of major companies along with their market shares
• Identification and analysis of the macro and micro factors that affect the Global Precision Farming Market on both global and regional scales
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
• A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
• Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Complete report details @ https://www.wiseguyreports.com/reports/368248-global-precision-farming-market-by-technology-application-and-geography-market-shares-forecasts-and-trends-2015-2020
Key points in table of content
1. Introduction
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach & Methodology
2.1 Introduction
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. MARKET OVERVIEW
3.1 Drivers
3.1.1 Increasing food demand and food security
3.1.2 Governmenmt initiavties and support
3.1.3 Cost and Energy saving
3.1.4 Advancement in agricultural sector
3.2 Constraints
3.2.1 Lack of awarness
3.2.2 High associated cost and time
3.3 Opportunities
3.3.1 High growth potential in developing markets
3.3.2 Technology advancement
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
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GCAP
beneficiaries harvest 1.7 tonnes of rice worth GH¢2.2m
Category: General News
GCAP, which is implemented by the Ministry of Food and
Agriculture (MoFA) with funding from the World Bank and United States Agency
for International Development, seeks to amongst others ensure increased
agricultural production to improve incomes of farmers.Mr Kerali said the World
Bank would continue to support initiatives to increase agricultural production
in the country to accelerate progress for all.Engineer Joseph Boamah, Chief
Director of MoFA, said government was committed to increasing local rice
production adding that the country has currently achieved a 60 per cent
increase on local rice production up from 30 per cent in 2008.Engineer Boamah
said government would establish an agricultural mechanization centre at the
NNIV to address amongst others machinery needs of rice farmers to improve
productivity.Dr Sumani Alhassan, Director of Libga Farms, thanked all
stakeholders for their support which ensured the success of the project.Meanwhile,
GCAP will roll out the second phase of the project next year where a total of
3,000 hectares of rice will be cultivated.
Source: GNA
Gluten-free
Wild Rice Stovetop Dressing will be a hit year-round
Thursday, November 10, 2016 2:40pm
Associated Press
Gluten-free Wild Rice Stovetop Dressing will be a hit
year-round, not just at Thanksgiving.
We all have our favorite winter
dishes and mine is stuffing — or dressing, technically, since I don't stuff it in
a turkey.The classic flavors lull me into feeling like I'm in white-capped
mountains, even when I live in sunny San Diego and could pull off a Thanksgiving
beach barbecue. Rosemary, sage, thyme, dried cranberries and a little sausage
work winter-wonderland magic for me.
My oldest daughter is also a fan.
Valentine is also gluten intolerant. For several years, I simply made my
holiday dressing with dried gluten-free bread cubes, but we wanted other
options that didn't involve fussing with gluten-free breads whose texture can
be unpredictable in a dressing recipe. This Wild Rice Stovetop Dressing fits
the bill.
It has all the classic taste of
my grandma's holiday stuffing and none of the gluten. Plus, it's pulled
together in under 30 minutes in one pan on the stove.
One link of turkey sausage is
enough to add flavor and richness, so this dish is comforting without being
overly heavy. Note, you can omit sausage entirely and use vegetable broth to
make this dish vegetarian. Typical holiday herbs — rosemary, thyme and sage —
can be dried or fresh, so use whatever you are buying for the rest of your
meal.
Butternut squash adds a touch of
welcomed color, sweetness and vitamins, and a small sprinkling of dried
cranberries and pecans completes the holiday touch. But, feel free to serve
this dish anytime. It's a perfect complement to any grilled or roasted meat or
fish.
Food Network star Melissa d'Arabian is an expert on healthy eating
on a budget. She is the author of the cookbook "Supermarket Healthy."
WILD RICE STOVETOP DRESSING
1 teaspoon olive oil
1 link sweet Italian turkey sausage, casing removed
½ cup chopped celery
½ cup chopped yellow
onion
3 cloves garlic, minced
1 cup butternut squash cubes
½ teaspoon dried
thyme, or 1 teaspoon fresh thyme, chopped
½ teaspoon dried
rubbed sage, or 1 teaspoon fresh sage, chopped
1 teaspoon dried rosemary, or 2 teaspoons fresh rosemary, chopped
1 ¼ cups wild rice blend (usually wild
rice and basmati mixed)
¾ cup chicken or
turkey broth
¾ cup water
¼ cup dried
cranberries
¼ cup chopped
toasted pecans
Salt and pepper
Cook the sausage in the olive oil
in a large saucepan over medium-high heat until meat is golden, about 4
minutes. Add in the celery and onion and cook until softened,
about 3 more minutes. Add the garlic, squash cubes, herbs and rice blend and saute for 1 minute. Add the broth and water, raise temperature to high and bring to a boil.
about 3 more minutes. Add the garlic, squash cubes, herbs and rice blend and saute for 1 minute. Add the broth and water, raise temperature to high and bring to a boil.
Once boiling, stir the rice once,
and then cover and reduce the temperature to low and allow to simmer gently,
covered tightly, for 15 minutes. Turn off the heat, toss in the dried
cranberries (quickly covering again) and let sit covered tightly for 5 minutes.
Remove the lid, stir, taste for seasoning, add toasted pecans and serve.
Makes 4 servings.
Nutrition information per
serving: 314 calories (80 calories from fat), 9g fat (1g saturated, 0g trans
fats), 4mg cholesterol, 554mg sodium, 58g carbohydrates, 6g fiber, 8g sugar, 7g
protein.
Gluten-free Wild Rice Stovetop Dressing will be a hit year-round
11/10/16 [Last modified: Thursday,
November 10, 2016 2:40pm]
s://www.ghanabusinessnews.com/2016/11/11/gcap-beneficiaries-harvest-1-7-tonnes-of-rice-worth-gh%C2%A22-2m/
NFA intensifies palay and corn buying to
stabilize farmgate prices
November 12, 2016
QUEZON CITY, Nov. 12 -- To assure local
producers of a ready market at reasonable prices, the National Food Authority
(NFA) continues to buy corn, aside from palay, from local farmers.The actual
on-field price monitoring by NFA personnel shows that the price of palay was
still above the government support price of P17 per kilogram, at an average of
P18.35/kg while corn prices averaged at P11.94/kg for the white variety and
P11.06 for the yellow variety. NFA buys yellow corn at P12.30/kg and white corn
at P13.00/kg.For both palay and corn, the NFA also provides drying, delivery
and cooperative incentives amounting to P0.70/kg.
“Because the country produces corn mainly for
feed processors, the NFA has devised a scheme that will directly link the corn
producers with buyers through our Enhanced Electronic Trading System,”
Office-In-Charge Tomas R. Escarez said. This way, the stocks go directly from
the farms to processors eliminating another layer or a middleman between them.
“Reports saying that the average palay
farm-gate price of palay is at P17.11/kg means the farmers are still enjoying a
good price for their harvest,” Escarez explained. The P17/kg government support
price had been pegged to ensure that farmers get reasonable returns on their
investment, he added.
Since the start of the harvest season this
month, the NFA had already procured a total of 1,616,658 bags of palay and
12,409 bags of corn. (NFA
http://news.pia.gov.ph/article/view/2131478883612/nfa-intensifies-palay-and-corn-buying-to-stabilize-farmgate-prices#sthash.cs9xwY7S.dpuf
http://news.pia.gov.ph/article/view/2131478883612/nfa-intensifies-palay-and-corn-buying-to-stabilize-farmgate-prices
Ahok Rebuts Rumor That He
Covertly Promotes Campaign Through Working
Incumbent Governor Basuki Tjahaja Purnama (Ahok) says he is
currently focusing on governing the capital, not campaigning for his own
interest.
http://jakartaglobe.id/multimedia/rice-produce/
More Rice To Produce i
Farmers
plant rice in the Menawan village paddy field in Klambu, Grobogan, Central
Java, on Thursday (10/11). Government rice production targets for next year
have risen to 77 million tons compared to this year's 72 million tons, after
new paddy fields were added across the country and irrigation and agriculture
infrastructure improved. (Antara Photo/Yusuf Nugroho)
Thai rice prices slide to
14-month low
TOKYO --
Major rice exporter Thailand saw the staple's international value plummet this
month, due partly to the government opening its large stockpiles of old rice.The
country's Board of Trade said the export price of Thai long grain, class 1 rice
was $389 per ton in early November, the lowest in 14 months.Thailand harvests
multiple rice crops yearly. This year's harvest in the spring-summer dry season
was poor due to drought, and the international market price soared. Thai rice
was valued at $480 per ton in July. But overplanting and a successful crop in
the rainy season are expected to produce around 20 million tons of rice --
roughly two and a half times Japan's forecast for the year.The Thai cabinet said in early November that the government would buy rice at above-market value to aid farmers. Thailand, which stores the staple to try to regulate supply, decided to open its stockpiles to ensure having space for new rice.
The U.S. has had a bumper rice crop lately, and the market is slack worldwide. Big harvests in South Korea have led to declining rice values and even protests with some farmers dumping excess rice in the streets in a plea for the government to intervene on their behalf.
Falling Thai prices may bring about price declines surrounding Japan's 770,000-ton tax-free rice import minimum-access quota, as well as rice for processing use.
(Nikkei
http://jakartaglobe.id/multimedia/ahok-rebuts-rumor-covertly-promotes-campaign-working/
Nigeria produces 3.5m tonnes of rice, needs 7m
tonnes – Ogbeh
ON NOVEMBER 11, 2016
Abuja – Chief Audu Ogbeh, the Minister of
Agriculture and Rural Development, says the country has deficit in the supply
of food commodities.The minister said this while receiving a team of Russian
investors led by the country’s Ambassador to Nigeria, Udovicnenko Nikolai who
visited him in Abuja on Friday.Ogbeh said that the present administration was
ready to evolve flexible policies that would promote agricultural investments.He
said that the country’s demand for rice was currently at seven million tonnes
but the local production was at about 3.5 million tonnes, adding that there was
a deficit of four million tonnes.
The minister also said that the country had a
deficit of three million tonnes in fish production. According to Ogbeh, we are
encouraging potential investors to come to Nigeria and invest, apart from
production, we encourage processing of agricultural produce.He appealed to
potential investors, particularly the Russians to take advantage of the
existing huge market in the production of rice, wheat, maize, fish, dairy,
vegetables and other food crops to invest in Nigeria.“We will evolve flexible
policy that will promote investment and when we see your willingness to invest,
we will create enabling environment.“Nigeria being one of the largest economies
in Africa has millions hectare of arable land for agricultural production and
any investment in Nigeria is a gateway to other African countries.
“The policy thrust of this administration is to
enhance local production of agricultural produce thereby creating wealth and
jobs for the teeming youth,’’ Ogbeh said.He called for the support of the
Russian Government in areas of agricultural machinery and technical expertise
to boost agricultural yields.Earlier, the Russian Minister of Agriculture, Mr
Tkachev Alexander, who spoke on behalf of the delegation, said they came to
explore areas of collaboration with the Nigerian government in the development
of agriculture sector.“Nigeria has huge potential in agriculture like Russia
and we are interested in contributing to the economic development of Nigeria
through agriculture.Alexander said that Russian companies were ready to
contribute to the nation’s dairy, beef and poultry production as well as
provision of machinery and technology if given the opportunity.
http://www.vanguardngr.com/2016/11/nigeria-produces-3-5m-tonnes-rice-needs-7m-tonnes-ogbeh/
Rice prices plunge to 21-yr low
2016/11/11 11:21
SEOUL, Nov. 11 (Yonhap) -- Rice prices in South Korea have
dropped to a 21-year low this year despite forecasts that the country's rice
production would decrease due to the unfavorable weather, government officials
said Friday.The price of rice was set at 32,337 won (US$27.75) per 20 kilograms
as of Nov. 5, down 0.2 percent from last month, according to data by Statistics
Korea. When converted to per 80 kg of rice, the price was set at 129,348 won,
the lowest since 1995.The country's rice production is forecast to reach some
4.2 million tons in 2016, down 2.9 percent from 4.33 million tons in 2015,
according to separate data by Statistics Korea.
"We have judged that the
price drop will be reduced," said an agricultural ministry official,
further forecasting the price to bounce down the road.As part of efforts to
deal with a chronic supply glut of the staple crop, the South Korean government
earlier said that it will purchase all of this year's rice.In addition to the
plan to purchase the excess of 1.6 million tons of rice, the Ministry of
Agriculture, Food and Rural Affairs bought another 98,000 tons for public
stockpiling as of Nov. 8.The annual rice consumption of the South Korean
population has been on a sharp decline for decades due mainly to changes in
diet and eating habits.
http://english.yonhapnews.co.kr/business/2016/11/11/68/0502000000AEN20161111003600320F.html
One million
tonnes of smuggled rice may enter Nigeria – Processors petition Buhari
The Chairman, RIPAN, Mr. Abubakar
Mohammed; and the Secretary, who is a former Minister of Justice, Chief Michael Aondoakaa (SAN), in a joint statement in Abuja on
Thursday, said if the development is not addressed, it would jeopardize over
N200bn worth of investments in the sector.
“Information at our disposal shows massive smuggling of finished rice into
Nigeria. Our investigation showed that these products are berthed and
warehoused in Republic of Benin, Niger and Cameroon at very little import
duties, and then pushed into Nigeria where the perpetrators eventually make
unconscionable profit, having paid zero duties at our borders,” they said.
Displaying some documents before journalists, Mohammed said,
“For your confirmation, please find attached these documents that show the list
of ships carrying these products and their time of arrival at the various
ports.
“And please be reminded that among countries in the West Coast
of Africa, only the Nigerian market consumes parboiled rice and this list shows
that all the ships conveyed parboiled rice.”
RIPAN stated that although it had sent its petition to the
President through the Minister of Agriculture and Rural Development, Chief Audu
Ogbeh, and had briefed the Nigerian Customs Service on the matter, it felt the
urgency to write the president.
“This has been confirmed by different agencies like NAFDAC, the NCS and a few
others,” Mohammed added.
The association urged the Federal Government to engage the
governments of the neighbouring countries where the commodity was warehoused to
fashion out anti-smuggling measures to address the menace in order to save the
Nigerian economy and its citizens.
It said, “The NCS should collaborate with the DSS and other
relevant security agencies to track unpatriotic elements at the borders and
bring them to book in order to deter others from being used by smugglers to
smuggle over one million tonnes of rice currently warehoused in these
neighbouring countries, with the dubious intention of smuggling it into Nigeria
during the festive season.
“For if this is not checked, it will kill the huge investments
made by the Federal Government in the various rice intervention programmes and
it will also destroy the billions of naira invested by private sector
stakeholders in the rice value chain.
“If this massive act of smuggling is not checked by the Nigerian
government, it will undermine the zeal and efforts of over 25 million Nigerian
farmers across the country who have gone back to farming in response to the
present administration’s call for the diversification of the economy through
agriculture.
http://dailypost.ng/2016/11/11/one-million-tonnes-smuggled-rice-may-enter-nigeria-processors-petition-buhari/
Myanmar government plans paddy purchases
11 Nov 2016 at 15:00
WRITER: MYANMAR TIMES
Myanmar farmers winnow paddy traditionally to
remove sand and other impurities before transport as they harvest rice in a
rice field in Nay Pyi Taw on Saturday. (AP photo)
The Myanmar government has formed special
working groups to organise state purchases of paddy amid a slump in market
demand.Vice President Henry Van Thio held a coordination meeting at the
President’s Office on Wednesday to discuss plans to purchase paddy directly
from farmers, the Myanmar Times reported on Friday.A Chinese crackdown on
border imports has resulted in a surplus of rice and paddy that has pushed
prices down. Heavy rainfall has made things worse, soaking harvests and
lowering prices further.Myanmar’s Law of Protection of the Farmer Rights and
Enhancement of their Benefits allows for the creation of an agricultural
produce management body and a price purchasing supervisory working group to
organise the purchase of crops by the state.
Both of these have been formed in order to help
manage the situation, Henry Van Thio said. The two groups will decide in which
regions paddy purchases are required and organise the purchases after
submitting the region list to the leading committee, which is formed by the
agriculture and commerce ministries, he added.Henry Van Thio said that
warehouses and rice mills should be used as sales centres, but that there would
also need to be a plan for transporting, storing, milling and distribution
after the government buys the paddy.According to Chapter 7 of the law, the
leading committee can apply for the required funds from the central government,
which is able to allocate financing from federal revenue. The paddy can be
bought by “suitable means” including a tender system, according to the law, but
issue of how to purchase the paddy was not raised at the meeting.Purchasing
rice in addition to paddy was also not discussed, although Ye Tint, director-general of the agricultural
department, who attended the meeting, said that would be considered later.
Agriculture associations have recommended using
the National Rice Reserve Supervisory Committee to support rice prices in the
past.Ye Tint Tun also told the Myanmar Times that the issue of long-term price
stability and infrastructure investment had come up during the discussion.“We
discussed investing in paddy drying machines and building warehouses,” he said.Henry
Van Thio said that paddy-drying facilities were important for the entire rice
sector.Maung Soe, a farmer from Nay Pyi Taw, said that farmers are face paddy
wastage because of heavy raining saturating the crop during harvesting season
and lowering the quality.“When it was raining during harvesting season, the
amount of the wastage of paddy was high and farmers had to relocate paddy,” he
said. “The worst situation is that relocating paddy increases labour costs.”Ko
Nay Soe, a rice miller, said rain continues to cause issues.“It’s still raining
so the humidity causes problems and rice millers and traders who store paddy
dare not buy,” he said.The government has also announced plan to allow a
temporary export of paddy, which is usually prohibited, in November only.
Arkansas Farm Bureau: Daily Commodity Report
Rice
High
|
Low
|
|
Long Grain Cash Bids
|
- - -
|
- - -
|
Long Grain New Crop
|
- - -
|
- - -
|
Futures:
|
|
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Rice Comment
Rice futures
were lower across the board. January has found support at the contract low of
$9.60 for the time being, but isn't having any success at building upside
momentum. USDA's November production estimate was 234.8 million cwt, down 1.2
million cwt from the October report, due to a decrease in the yield forecast of
39 pounds per acre. The production decrease carried over into the ending stocks
column as well, as usage remained stead
http://www.arfb.com/ag-markets-statistics/report/
Taiwan visits Stuttgart facilities
Thursday
Nov 10, 2016 at 2:35 PM
By Kristen Dayton / USA Rice
Federation
A team from the
Taiwan government and the Taiwan Rice Millers' Association traveled to U.S.
rice country last week in preparation for upcoming rice import tenders.
Following a stop in the Sacramento, California area, the delegation was in
Arkansas on Thursday and Friday for visits in
Jonesboro with Poinsett Rice and Grain and Windmill Rice followed by visits to
the Federal Grain Inspection Service (FGIS) Field Office in Stuttgart as well
as Riceland Foods, Inc., Producers' Rice Mill, and the Dale Bumpers National Rice
Research Center.
"The
Taiwan team is very interested in sourcing high amylose long grain rice for use
in Taiwan's rice noodle and rice cake manufacturing industry," USA Rice
COO Bob Cummings, who accompanied the group, said. "The discussions with
the rice mills and scientists at the Dale Bumpers Center were very detailed as
the visitors sought specifics on the U.S. long grain supply situation."
The delegation
received a comprehensive briefing on inspection services for rice carried out
by the Stuttgart FGIS office and the importance of FGIS's national rice
standards in determining the quality of rice in domestic and international
trade. The group also received an update on varietal development for long grain
at the Dale Bumpers Center
http://www.stuttgartdailyleader.com/news/20161110/taiwan-visits-stuttgart-facilities?start=2
