Published: 22 February
2017
COMPETITION in rice prices in the country now
turns real, as the decrease in rice prices now allows consumers to buy the rice
of their choice.
This came, following the introduction of
various types of rice since last year.
Over the past couple of years, consumers have no other options to choose which rice to buy as there are only a few sold with demanding prices.
Rice has been one of the staple food in the country, to-date.
Now that the different rices have been introduced in the domestic market, most people in the working class can now go for the best price.
SolRice has dropped the price of its rice products as part of their February and March special.
The drop in the prices of the 20 kilograms and 10 kilograms of its rice products has been welcomed by many consumers.
This is because; the Solrais brand is becoming a household name in the country.
Similar price margins have also been placed on other rice products that were introduced into the country lately.
One of the famous brand rice is also the Calrose rice.
“The drop in rice prices has been my dream for a very long time.
“Now, one can easily tell that this is the era of real competition when it comes to buying rice products in the country,” one Honiara resident, commented.
State Owned Entity (SOE), the Solomon Islands Ports Authority (SIPA) in 2015 have seen the loophole in the competition by trying to import and selling the SIPA rice, under the leadership of Singaporean Colin Yow. http://www.solomonstarnews.com/news/business/12338-competition-looms-as-rice-prices-fall
The move however ended up going nowhere, as it was being deemed illegal under the SIPA and SOE Act
Over the past couple of years, consumers have no other options to choose which rice to buy as there are only a few sold with demanding prices.
Rice has been one of the staple food in the country, to-date.
Now that the different rices have been introduced in the domestic market, most people in the working class can now go for the best price.
SolRice has dropped the price of its rice products as part of their February and March special.
The drop in the prices of the 20 kilograms and 10 kilograms of its rice products has been welcomed by many consumers.
This is because; the Solrais brand is becoming a household name in the country.
Similar price margins have also been placed on other rice products that were introduced into the country lately.
One of the famous brand rice is also the Calrose rice.
“The drop in rice prices has been my dream for a very long time.
“Now, one can easily tell that this is the era of real competition when it comes to buying rice products in the country,” one Honiara resident, commented.
State Owned Entity (SOE), the Solomon Islands Ports Authority (SIPA) in 2015 have seen the loophole in the competition by trying to import and selling the SIPA rice, under the leadership of Singaporean Colin Yow. http://www.solomonstarnews.com/news/business/12338-competition-looms-as-rice-prices-fall
The move however ended up going nowhere, as it was being deemed illegal under the SIPA and SOE Act
Nagpur Foodgrain Prices
Open-February 22,2017
Nagpur Foodgrain Prices – APMC/Open
Market-February 22
Nagpur, Feb 22 (Reuters) – Gram and tuar prices
declined sharply in Nagpur Agriculture Producingand Marketing Committee (APMC)
auctions on lack of demand from local millers amid good supplyfrom producing
regions. Fresh fall in Madhya Pradesh pulses and high moisture content
arrivalalso affected prices in thin trading activity, according to sources.
FOODGRAINS & PULSES
GRAM
* Gram
varieties ruled steady in open market here but demand was poor.
TUAR
* Tuar
varieties moved down in open market here on lack of demand from local traders
amid
increased arrival from producing belts.
*
Moong and Udid varieties showed weak tendency in open market on poor demand
from
local traders amid increased arrival from producing belts.
* In
Akola, Tuar New – 4,400-4,500, Tuar dal (clean) – 7,000-7,300, Udid Mogar
(clean)
–
8,500-9,000, Moong Mogar (clean) 6,500-6,800, Gram – 5,100-5,200, Gram Super
best
bold
– 7,500-7,700 for 100 kg.
*
Wheat, rice and other commodities moved in a narrow range in
scattered deals, settled at last levels.
Nagpur
foodgrains APMC auction/open-market prices in rupees for 100 kg
FOODGRAINS
Available prices Previous
close
Gram
Auction
4,600-5,000 4,800-5,100
Gram
Pink Auction n.a. 2,100-2,600
Tuar
Auction 4,000-5,050 4,000-5,090
Moong Auction
n.a. 6,400-6,600
Udid
Auction n.a. 4,300-4,500
Masoor Auction
n.a. 2,600-2,800
Gram
Super Best Bold
7,500-8,000 7,500-8,000
Gram
Super Best n.a. n.a.
Gram
Medium Best 6,500-7,000 6,500-7,000
Gram
Dal Medium n.a. n.a
Gram
Mill Quality 5,900-6,200 5,900-6,200
Desi
gram Raw 5,200-5,400 5,200-5,400
Gram
Yellow 8,000-8,500 8,000-8,500
Gram
Kabuli 11,600-12,800 11,600-12,800
Tuar
Fataka Best-New
7,000-7,200 7,200-7,500
Tuar
Fataka Medium-New 6,400-6,800 6,400-7,000
Tuar
Dal Best Phod-New 6,000-6,200 6,000-6,300
Tuar
Dal Medium phod-New
5,500-5,800 5,500-5,900
Tuar
Gavarani New 4,200-4,300 4,250-4,300
Tuar
Karnataka 4,300-4,500 4,300-4,500
Masoor dal best
5,600-6,000 5,600-6,000
Masoor dal medium
5,500-5,700 5,500-5,700
Masoor
n.a. n.a.
Moong Mogar bold (New)
6,800-7,000 6,900-7,200
Moong Mogar Medium
6,000-6,500 6,200-6,600
Moong dal Chilka 5,500-6,300 5,700-6,500
Moong Mill quality
n.a. n.a.
Moong Chamki best
6,200-6,500 6,500-6,700
Udid
Mogar best (100 INR/KG) (New) 8,500-9,500
8,800-9,800
Udid
Mogar Medium (100 INR/KG)
7,300-7,900
7,500-8,100
Udid
Dal Black (100 INR/KG)
5,000-5,300
5,100-5,400
Batri dal (100 INR/KG)
5,200-5,600 5,200-5,600
Lakhodi dal (100 INR/kg)
3,650-3,850 3,650-3,850
Watana Dal (100 INR/KG)
3,000-3,100 3,000-3,100
Watana White (100 INR/KG)
3,200-3,400 3,200-3,400
Watana Green Best (100 INR/KG)
3,800-4,300
3,800-4,300
Wheat 308 (100 INR/KG) 2,000-2,100 2,000-2,100
Wheat Mill quality (100 INR/KG)
2,000-2,100
2,000-2,100
Wheat Filter (100 INR/KG)
2,100-2,300
2,100-2,300
Wheat Lokwan best (100 INR/KG)
2,500-2,700 2,500-2,700
Wheat Lokwan medium (100 INR/KG)
2,200-2,500 2,200-2,500
Lokwan Hath Binar (100 INR/KG)
n.a. n.a.
MP
Sharbati Best (100 INR/KG)
3,600-4,200
3,600-4,200
MP
Sharbati Medium (100 INR/KG) 2,700-3,200 2,700-3,200
Rice
BPT best New(100 INR/KG)
2,700-3,200
2,700-3,200
Rice
BPT medium (100 INR/KG)
2,200-2,400
2,200-2,400
Rice
Luchai (100 INR/KG)
2,200-2,500 2,200-2,500
Rice
Swarna best (100 INR/KG)
2,600-2,800
2,500-2,700
Rice
Swarna medium (100 INR/KG)
2,400-2,500
2,300-2,400
Rice
HMT best New (100 INR/KG)
3,500-4,000
3,500-4,000
Rice
HMT medium (100 INR/KG)
2,900-3,100
2,900-3,100
Rice
Shriram best New(100 INR/KG)
4,600-4,800 4,600-4,800
Rice
Shriram med New(100 INR/KG)
4,200-4,400
4,200-4,400
Rice
Basmati best (100 INR/KG)
9,000-13,000 9,000-13,000
Rice
Basmati Medium (100 INR/KG)
4,800-6,000
4,800-6,000
Rice
Chinnor best New(100 INR/KG)
4,800-5,100
4,800-5,100
Rice
Chinnor med. New (100 INR/KG)
4,500-4,700
4,500-4,700
Jowar
Gavarani (100 INR/KG)
2,000-2,300
2,000-2,300
Jowar CH-5 (100 INR/KG)
1,900-2,000 1,900-2,000
WEATHER (NAGPUR)
Maximum temp. 37.8 degree Celsius, minimum
temp. 15.2 degree Celsius
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum
temperature would be around and 37 and 15 degree
Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from
plant delivery prices, butincluded in market prices)
http://in.reuters.com/article/nagpur-foodgrain-idINL4N1G72TX
Higher yields to spur grain
output to new highs this year
NEW DELHI, FEBRUARY
22:
After two drought years,
foodgrain production for the current year (2016-17) is set for a new high,
surpassing the previous record of 2013-14, aided by a near-normal monsoon
across most parts of the country.
Government officials say that
appropriate policy interventions and programmes by the Government also played a
role in boosting output.
According to the recently
released second advance estimates by the Agriculture Ministry, output across
all categories is seen rising despite a dip in acreage in some cases.
In the case of rice, production
is set to rise a new high of 108.86 mt on higher yields. This represents an
increase of 2 per cent over 106.65 mt harvested in 2013-14, and is marginally
higher than the targeted 108.5 mt for the current year.
In the case of wheat, production
for the current year is expected to be ahead of the target of 96.5 mt and is
likely to touch a new high of 96.64 mt despite a marginal drop in acreage over
2013-14. So is the case with coarse cereals and oilseeds, where higher yields
are seen boosting output despite a drop in acreage.
However, in the case of pulses,
the rise in output was largely driven by a surge in the area under legume crops
this year. Production of pulses including tur and gram is seen touching a new
record this year.
Officials said special focus was
given for pulses in which a five-year roadmap, starting from 2016-17, was drawn
up targeting a production of 24 mt by the end of 2020-21. Though the target for
the current year was 21.25 mt, output is set to reach 22.14 mt
Further, initiatives to promote
cultivation of tur on farm bunds, creation of seed hubs to ensure adequate
supply, and distribution of mini seed kits to popularise new varieties have
also helped increase output this year.
http://www.thehindubusinessline.com/economy/agri-business/higher-yields-to-spur-grain-output-to-new-highs-this-year/article9555623.ece
U.S.
CHALLENGES CHINA OVER CORN, WHEAT, AND RICE IMPORT RULES
By Chuck
Abbott
2/22/2017
Three months after it challenged China’s farm subsidies, the U.S.
filed a new case at the World Trade Organization, charging that China has
suppressed imports of U.S. corn, wheat, and rice. The “opaque and unpredictable
management” of the tariff-rate quota (TRQ) system denied U.S. farmers $3.5
billion in sales in 2015, according to USDA.
TRQs allow a specified amount of merchandise to enter a country at
reduced tariff rates during a window of time. The U.S. trade representative’s
(USTR) office says China violated its WTO commitments by leaving unclear the
application criteria for TRQ imports, by failing to provide notice of the
tonnage eligible for TRQ treatment, by changing TRQ volumes, and by not
explaining how it runs the program.
As part of entering WTO, China agreed to permit imports of 7.2
million tonnes of corn, 9.6 million tonnes of wheat, and 5.3 million tonnes of
wheat at lower tariff rates. “Despite lower global prices that favor the
importation of grains into China, the TRQs for each commodity persistently do
not fill,” says the USTR.
WTO cases typically take 18 to 24 months to complete, including an
appeal of a dispute panel decision. In the WTO case files in mid-September, the
U.S. said China provided nearly $100 billion in excess support for corn, wheat,
and rice in 2015 by setting domestic grain prices above world market prices.
China has huge stockpiles of corn, wheat, and cotton
http://www.agriculture.com/news/business/us-challenges-china-over-corn-wheat-and-rice-import-rules
Rice growers step up productions
as local demand grows
UPDATED: 21 HOURS AGO
Findings showed that the rising
volume of local rice production is due to increased demand for the commodity by
Nigerians
- The Minister of Agriculture,
Chief Audu Ogbeh, said that Nigeria could end rice importation in the next one
year thereby drastically reducing its annual food importation bill which
currently stands at between $2 and $3 billion
- Olam’s Managing Director for
Africa and Middle East, Venkataramani Srivathsan, said: "3,000 hectares of
land was already under cultivation on the 6,000 hectares of mechanised paddy
farm where the rice mill is located
Nigeria is the largest producer
of rice in West Africa, but also the second largest importer of rice in the
world.
Rice growers step up productions
as local demand grows
Today, Nigerians are said to be
consuming about 6.5 tonnes of rice annually with less than half of that figure
produced locally and the deficit arising from importation of rice cost Nigeria
over two billion dollars per annum.
This narrative is changing as
small holder farmers and commercial farmers are making large investment in rice
productions.
Vanguard reports that the little
success recorded so far as seen in the number of local rice available during
the last festive period in the country testify to efforts of the Federal
Government, through the Central Bank of Nigeria (CBN), as well as the state
governments, who are also encouraging local production in the face of dwindling
oil revenue.
Last December, Lagos state in
collaboration with Kebbi state were the cynosure of all as they came up with
the LAKE rice, which was an instant hit, as Lagosians trooped out to pay for
the rice produced in Kebbi state.
Indeed, lots of corporate bodies,
especially banks, gave out Made-in-Nigeria Olam rice as gifts instead of the
usual imported varieties. Findings show that the rising volume of local rice
production is due to increased demand for the commodity by Nigerians.
The demand is said to be fuelled
by growing awareness among Nigerians that the locally-produced rice is much
more nutritious than the imported variety especially given that many of the
country’s leading rice millers now process Paddy rice as proficiently as their
foreign counterparts.
In fact, during a visit to a rice
farm in the eastern part of the country recently, the Minister of Agriculture,
Chief Audu Ogbeh, predicted that Nigeria could end rice importation in the next
one year thereby drastically reducing its annual food importation bill which
currently stands at between $2 and $3 billion.
However, analysts point out that
the surge in Nigeria’s local rice production has been primarily due to the
massive investment in the production of the staple food by leading Agribusiness
firm, Olam Nigeria Limited.
Although there are several
companies now involved in rice production in the country, Bua Group through its
subsidiary, Bua rice, just revealed plans to increase its current processing
capacity, just as Dangote rice also plans to produce one million tonnes of high
quality parboiled rice within the next three years.
All these efforts are coming on
the heels of the pioneering role of Olam in commercial rice production in the
country that has helped in the surge of local production but also helped boost
small holder farmer production as well.
In 2013, former President
Goodluck Jonathan commissioned Olam’s multi-million dollar integrated rice mill
in Nasarawa state, fitted with the capacity to produce 65,000 metric tonnes of
milled rice per annum.
Speaking during the commissioning
of the facility, Olam’s Managing Director for Africa and Middle East,
Venkataramani Srivathsan, said: "3,000
hectares of land was already under cultivation on the 6,000 hectares of
mechanised paddy farm where the rice mill is located. Integrated farm and
milling facility Srivathsan said Olam planned to increase acreage in Nasarawa
to 10,000 hectares.“This will bring Olam’s total investment in the integrated
farm and milling facility to over $111 million.”
https://www.naij.com/1089882-rice-growers-step-productions-local-demand-grows.html
Korea Policy to Decrease Rice
Plantings and Dispose of Excess Stocks
By Jim Guinn
SEOUL,
KOREA -- Due to higher than normal yield for the past few years and the
resulting oversupply and price pressure, the Korean government is attempting to
reach a balance between rice supply and demand by 2018. The plan entails
seeking a gradual reduction in harvested area and promoting expanded rice
consumption.
The Ministry of Agriculture, Food and Rural
Affairs (MAFRA) recently released its plan to reduce arable land used for rice
cultivation to 711,000 hectares by 2018, a 4.7 percent reduction from the
earlier established target of 746,000 hectares.
The government also plans to introduce the
Production Adjustment Program which will encourage rice farmers to plant other
crops in their rice land (up to 18,000 hectares nationally in 2017). A
recent survey by the Korea Rural Economic Institute (KREI) indicated that rice
farmers intend to plant 762,000 hectares in 2017, a decrease of 2.1 percent
from the previous year.
Exacerbating the issue, as in many Asian
countries, per capita consumption of table rice here continues to decline as
diets are diversified and westernized. Per capita table rice consumption
has declined by about 2.75 pounds per year in the last five years and projected
consumption this year stands at 132 pounds per person.
In a further step to reduce the oversupply situation,
the government will expand rice availability for use in animal feed to 470,000
MT (milled basis) in 2017. This compares to just 91,000 MT in 2016 and
practically none in years prior to 2016. To assure usage for feed, the
rice is sold at a price that is comparable to 88 percent of the value of corn
imported in 2016.
"Korea agreed to import a minimum of
408,700 MT of rice per year at a duty level of 5 percent when it joined the
World Trade Organization," said USA Rice Vice President International Hugh
Maginnis. "Prior to tariffication in January 2015, a number of
countries, including the United States, had a country specific quota.
Currently, Korea is still bound to import that quantity on a global basis
without regard to origin.
"It is extremely important that the U.S.
remains engaged with the Korean government on this," said Maginnis.
"USA Rice will continue to promote U.S. rice to assure that we maintain a
significant share of this market, given that Korea is currently the seventh
largest export destination for U.S. rice."
Under the 2016 MFN TRQ, the U.S. contracted to
export 165,900 MT of rice to Korea (40,000 MT for table use) setting a market
share record of 40.6 percent.
Students Create 'Nice Rice'
Product During Hampton Creek Fellowship
Feb. 21, 2017
From left, Madeline Hopson
(agricultural business), Ashton Julian (human nutrition), John Harpool (English)
and Stanley Chukwuanu (hospitality innovation) making their presentation at
Hampton Creek.
FAYETTEVILLE, Ark. – Students from different disciplines in the
Dale Bumpers College of Agricultural, Food and Life Sciences at the University
of Arkansas teamed together to create a low-cost, nutritious food product for a
San Francisco-based food startup, Hampton Creek, during an intensive, fully
immersive fellowship program with the company.
Stanley Chukwuanu in hospitality innovation, Madeline Hopson in
agricultural business and Ashton Julian in human nutrition along with English
major John Harpool completed several workshops with Hampton Creek food teams
then developed their product during the three-day program in January.
“This was a great opportunity to learn about the food industry,”
said Hopson. “We learned about the business side, not only from their CEO Josh
Tetrick, but the research and development team, the chefs, marketing team and
their plant researcher. We saw how their company works from start to finish and
how important each person is in producing their products. Each employee was
inspiring and encouraging.”
The group’s assignment was to create a nutritious food product
for a target community, develop a business model for selling the product at a
minimum of a small profit through specific retailers and form a strategy to
ensure the product reaches communities needing it most.
“We gave the Fellows an impossibly complex challenge that the
best and brightest in the world have not yet solved,” said Taylor Quinn,
emerging markets director for Hampton Creek. “In 2.5 days they banded together
and designed a multi-faceted business targeting America’s ‘food deserts’
(geographic areas where affordable, nutritious food is not readily available).
It was incredibly impressive work.”
The group focused on affordability while understanding many
consumers do not eat the healthiest foods, which leads to malnourishment and
obesity.
The team created a “Nice Rice” product ready to eat in 90
seconds and providing 25 percent of daily recommended vitamins and minerals.
Rice was chosen as the primary ingredient to take advantage of Arkansas’
nation-leading rice production.
“I grew up on a rice farm and wanted to incorporate rice,” said
Hopson, who is from Stuttgart. “We realized we could create a delicious and
nutritious rice blend, but once you add ingredients, some families with
children may stay away if they don’t like everything. ‘Nice Rice’ allows
families to get many nutrients they need from a rice blend. It has everything you
need to stay healthy as well as a good flavor. Families will enjoy it without
realizing they are eating healthy.”
“Nice Rice” is similar to Rice-a-Roni products, nutritionally
fortified and containing dehydrated vegetables.
The group’s plan includes distributing “Nice Rice” to regional
grocery stores throughout the state, making a nutritious, low-cost food item
available through Bill’s Cash Saver (five locations), Edwards Food Giant (seven
locations) and Hay’s (12 locations) with eventual expansion through Dollar
General.
“The insights generated by the Fellows created real value at
Hampton Creek, insights that are helping the company’s work in making healthy
food accessible to all,” said Quinn. “On Day 1, the Fellows were understandably
reserved. By Day 3, they were challenging our CEO and pushing back on flavor
decisions with our Michelin-star chefs. These Fellows came into their own, and
I can’t wait to follow what they do in coming years.”
“In just a few days, the passion and enthusiasm of the U of A Fellows
could be felt as they immersed themselves in their project,” said Hampton Creek
chef Kaimana Chee. “From start to finish, they demonstrated a synergetic
approach to solving a real food issue plaguing food deserts around the globe.
The experience seemed to transform the Fellows in ways that transcend their
individual disciplines.”
Team members were selected after applying for the fellowship.
The U of A was invited to participate based on its relationship with
Chartwells, which is the education component of Compass Group, the largest
foodservice company in the world. Hampton Creek is a partner with Compass
Group, providing Just Mayo, Just Dressings and Just Cookies at schools,
corporate cafeterias, hospitals and other Compass locations across the country.
Andrew Lipson, U of A resident district manager for Chartwells,
and Bari Marchfeld, Chartwells director of student success, assisted in
selecting students for the Fellowship.
“Hampton Creek and Chartwells provided an amazing experience
I’ll never forget,” said Hopson. “I made several connections, and my team
prepared a presentation that helped with our public speaking, organization and
working with others, which will be helpful in our future careers.”
About the Dale Bumpers College of Agricultural, Food and Life
Sciences:Bumpers College provides
life-changing opportunities to position and prepare graduates who will be
leaders in the businesses associated with foods, family, the environment,
agriculture, sustainability and human quality of life; and who will be
first-choice candidates of employers looking for leaders, innovators, policy
makers and entrepreneurs. The college is named for Dale Bumpers, former
Arkansas governor and longtime U.S. senator who made the state prominent in
national and international agriculture.
About the University of Arkansas: The University of Arkansas provides an internationally
competitive education for undergraduate and graduate students in more than 200
academic programs. The university contributes new knowledge, economic development,
basic and applied research, and creative activity while also providing service
to academic and professional disciplines. The Carnegie Foundation classifies
the University of Arkansas among only 2 percent of universities in America that
have the highest level of research activity. U.S.
News & World Report ranks
the University of Arkansas among its top American public research universities.
Founded in 1871, the University of Arkansas comprises 10 colleges and schools
and maintains a low student-to-faculty ratio that promotes personal attention
and close mentoring.
http://news.uark.edu/articles/37875/students-create-nice-rice-product-during-hampton-creek-fellowship
Rice basmati
softens on tepid demand
Press Trust of India | New
Delhi February 22, 2017 Last Updated at 14:57 IST
Rice basmati softens on muted
demandCopper softens on tepid demandRice basmati strengthens on surging demandRice
basmati extends gains on increased demandRice basmati extends gain on rising
demand
In a restricted activity, rice
basmati prices fell by Rs 100 per quintal at the wholesale grains market today
due to subdued demand against sufficient stocks position. However, other grains
remained steady in thin trade.
Traders attributed the fall in rice
basmati prices to sluggish demand from retailers against ample stocks position.
In the national capital, rice basmati common and Pusa-1121 variety moved down
by Rs 100 each to Rs 7,100-7,200 and Rs 5,600-7,000 per quintal, respectively.
Following are today's quotations (in
Rs per quintal):
Wheat MP (desi) Rs 2,650-2,950,
Wheat dara (for mills) Rs 1,890-1,900, Chakki atta (delivery) Rs 1,900-1,930,
Atta Rajdhani (10
http://www.business-standard.com/article/pti-stories/rice-basmati-softens-on-tepid-demand-117022200459_1.html
kg) Rs 270, Shakti Bhog (10 kg) Rs 270, Roller flour mill Rs 1,000-1,010 (50
kg), Maida Rs 1,110-1,120 (50 kg) and Sooji Rs 1,190-1,200 (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
7,100-7,200, Rice Pusa (1121) Rs 5,600-7,000, Permal raw Rs 2,200-2,250, Permal
wand Rs 2,300-2,400, Sela Rs 3,000-3,100 and Rice IR-8 Rs 2,000-2,025, Bajra Rs
1,440-1,450, Jowar yellow Rs 1750-1800, white Rs 3,500-3,700, Maize Rs
1,590-1,600, Barley Rs 1,800-1,820
http://www.business-standard.com/article/pti-stories/rice-basmati-softens-on-tepid-demand-117022200459_1.html
Rice production will hit
7million tons next year — Ogbeh
THE Minister of Agriculture and
Rural Development, Chief Audu Ogbeh, has
said the country is aiming to scale up rice production to seven million tons by
the middle of next year.
This is just as the Minister said
that Nigeria will scale up its milling capacity to compete globally as the
largest producers and processors of rice.
Ogbeh who disclosed this while
speaking with Tribune Online on whether Nigeria is the second largest producer
of rice globally, said “for those who said it is not true, I think they need to
have a second look.”
He said the current statement for
the Presidency that Nigeria is the second largest producer of rice was true
adding that Nigeria has done everything needed to do in rice production to
attain that height.
According to him, “We are aiming to
hit seven million tons by the middle of next which is our National consumption,
we want to go beyond that.
“I have been to Vietnam, there is
nothing they have done in rice production that we have not done; the only thing
we need to do now is to increase our milling capacity which we are increasing.
“Our milling capacity is still not
up to speed, we are going to achieve that, and once we do, we have no argument
with anyone about whether we are producing that quantity or not.
“But people may ask why is the
price of rice us still N20,000 per bag, we are feeding 193million Nigerians, we
are also feeding another 100million in the West and North Africa, nobody argue
with the fact that trucks come from Ghana to Funtua and load grains, they come
from Burkina Faso and Mali, from Niger Republic, from Chad to our markets, to
load grains and they are still loading for two reasons, our devaluation had
made it cheaper for them to shop in Nigeria and our production is such that we
are able to satisfy those markets.”
Ogbeh said that currently, about a
hundred rice mill is ready for distribution across the country. He said some of
the mills will be distributed to Cooperatives and communities, and the terms of
distribution will be favourable.
His words: “We have a hundred rice
mills for distribution, some can mill 10 tons per day, which will mainly go to
cooperatives, some will mill 20 tons per day, while some will mill 50 tons per
day and 100 tons per day and the terms of sale and distribution to communities
will be very generous.
http://tribuneonlineng.com/rice-production-will-hit-7million-tons-next-year-ogbeh/
Global Rice Bran Oil Market Trends and Research Report 2017-2021
Press release from: Market Research Provider [MRH]
Market Research Hub
(MRH) has recently announced the addition of a fresh report, titled “Global
Rice Bran Oil Market 2017-2021” to its report offerings. Global Rice Bran Oil
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growth prospects over the coming years. The report also includes a discussion
of the key vendors operating in this market.
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Rice bran oil is an
edible oil extracted from rice's outer brown layer, which is known as rice
bran. It contains 15%-20% oil by weight. Technavios analysts forecast the
global rice bran oil market to grow at a CAGR of 5.14% during the period
2017-2021.
Covered in this report
The report covers the
present scenario and the growth prospects of the global rice bran oil market
for 2017-2021. To calculate the market size, the report considers the revenue
generated from the sales of rice bran oil.
The market is divided
into the following segments based on geography:
• Americas
• APAC
• Europe
• MEA
Key vendors
• A.P. Refinery
• Ricela Health Foods
• Sethia Oils
• Thai Edible Oil
• Other prominent
vendors
• Adani Wilmar
• Advanced Chemical
Industries
• Emami Agrotech
• GEF India
• Hansells
• InterNatural Foods
• Kamolkij Group of
Companies
• Marico
• Mother Dairy Fruit
& Vegetable
• Riceland Foods
• Ruchi Soya Industries
• Surin Bran Oil
• TARA HEALTH FOODS
• Vimal Oil & Foods
Market driver
• Health benefits of
rice bran oil
• For a full, detailed
list, view our report
Market challenge
• Unestablished category
• For a full, detailed
list, view our report
Market trend
• New players entering
rice bran oil category
• For a full, detailed list,
view our report
Key questions answered
in this report
• What will the market
size be in 2021 and what will the growth rate be?
• What are the key
market trends?
• What is driving this
market?
• What are the
challenges to market growth?
• Who are the key
vendors in this market space?
• What are the market
opportunities and threats faced by the key vendors?
• What are the strengths
and weaknesses of the key vendors?
Read Full Report with
TOC: www.marketresearchhub.com/report/global-rice-bran-oil-mar...
About Market Research
Hub:
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http://www.openpr.com/news/445503/Global-Rice-Bran-Oil-Market-Trends-and-Research-Report-2017-2021.html
State
temporarily lapses rules for rice farmers affected by August floods
CROWLEY,
La. (KLFY) – It’s been six months since the historic flood and rice
farmers are just now seeing the damage as they prepare the 2017 crop.Back in
August, farmers watched 24 inches of rainfall on their crops in just 36 hours.
Acadia
Parish Rice Farmer Al Cramer said rice that was saturated in the flood is being
used in this year’s crop.
“The
rice that was planted in 2016, some of that rice is being used to seed the
fields in 2017, so we are having to use the crop that went through the flood to
plant the crop for 2017.”
LSU
Agcenter Rice Research Station Director Steve Linscombe said the rice affected
by the flood had to go through a long testing process before they could
determine the impact.
“It
takes several months before we would have an idea that this problem existed, so
it has popped within the last month or so.”
Linscombe
said his tests are showing low germination.
“The
germ of rice is the amount of seeds that sprout when you plant the seed back,”
said Cramer.
“Currently
the state seed law requires that at least 80 of those hundred germinate, and
we’re seeing lots of seed where that is lower than 80 percent down to the
mid-sixties,” said Linscombe.
That
means farmers will have to plant extra crops this year.
“Farmers
will have to plant a little bit more per acre, as far as seed is concerned, to
compensate for the lower germination seed.”
Linscombe
said the state is trying to help farmers by allowing germination lower than 80
percent.
“Our
farmers are very resilient. This is just another issue they are dealing with,
they deal with issues every year. We just need a good crop, good environmental
conditions, and we need the price to go up as much as it can go up.”
http://klfy.com/2017/02/22/state-temporarily-lapses-rules-for-rice-farmers-affected-by-august-floods/
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