Thursday, February 23, 2017

23rd February,2017 daily global,regional and local rice e-newsletter by ricpeplus magazine

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
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

OUR BUREAU
Description: http://www.thehindubusinessline.com/multimedia/dynamic/03136/bl23_food_output_t_3136546f.jpg
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

2/22/2017
Description: http://images.agriculture.mdpcdn.com/sites/default/files/styles/square__500px/public/image/2016/05/10/USFlag-MediumShot.jpg
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 

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
     
Description:  touch 
Description:  touch 
Description: From left, Madeline Hopson (agricultural business), Ashton Julian (human nutrition), John Harpool (English) and Stanley Chukwuanu (hospitality innovation) making their presentation at Hampton Creek.
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

Description: https://i0.wp.com/tribuneonlineng.com/wp-content/uploads/2016/11/bags-of-rice.jpg?zoom=1.25&resize=597%2C362
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 Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Request for Sample Report: www.marketresearchhub.com/enquiry.php?type=S&repid=964385
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:
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
Contact Details:
90 State Street,
Albany, NY 12207,
United States
Toll Free: 866-997-4948 (US-Canada)
Tel: +1-518-621-2074
Email: press@marketresearchhub.com
Website: www.marketresearchhub.com/
Follow Us on:
Twitter: twitter.com/MktResearchHub
LinkedIn: www.linkedin.com/company/market-research-hub
Facebook: www.facebook.com/MarketResearchHub/

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

By Carly LaingPublished: February 22, 2017, 6:51 pm  Updated: February 22, 2017, 6:51 pm
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/

No comments:

Post a Comment