Oman’s
Bank Muscat raising $500 mln syndicated loan –sources
Feb
23, 2017, 04.24 PM IST
DUBAI, Feb 23 (Reuters) -
Bank Muscat, Oman's largest bank by assets, is
raising $500 million through a syndicated loan, banking sources familiar with
the situation said on Thursday.
The three-year loan refinances a
$600 million facility maturing in March that the Omani lender raised in 2014.
Bank Muscat's refinancing facility offers an
all-in pricing of 170 basis points over the London Interbank Offered Rate. The
pricing comprises a 1.55 percent interest margin plus 45 basis points in banks'
upfront fees, said one of the sources.
Bank ABC and National Bank of Abu
Dhabi are coordinating the facility, a second banking source said.
Telephone calls seeking comment
to two top executives of Bank Muscat and an email to the bank's investor
relations office were not answered.
Earlier this year pricing talks
between the Omani lender and international banks were in the region of 185
basis points all-in, sources told Reuters at that time.
Bank Muscat raised a $315
million, three-year facility in May last year. That loan offered an all-in
pricing of 200 basis points.
Bank ABC, Bank of
Tokyo-Mitsubishi, Citigroup, Commerzbank, HSBC, Mizuho, National Bank of Abu
Dhabi, Sumitomo Mitsui Banking Corp and Wells Fargo were involved in the 2014
loan.
The loan raised in 2016 was led
by Bank ABC, Citigroup, Credit Agricole, HSBC, National Bank of Abu
Dhabi and Standard Chartered as mandated lead arrangers and bookrunners, joined
by Landesbank Baden-Wurttemberg as mandated lead arranger.
Bank Muscat is rated Baa1 by
Moody's, BBB- by Standard & Poor's and BBB by Fitch. (Reporting by Davide
Barbuscia; editing by Jason Neely)
Commodity
Intelligence Report
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https://pecad.fas.usda.gov/highlights/2017/02/philippines/index.htm
Government to
improve rice varieties via precision breeding
FEBRUARY 23, 2017
The Philippine Rice Research
Institute (PhilRice) said it is banking on an advanced and more efficient
breeding process to produce climate-resilient rice seeds.
PhilRice scientist Roel Suralta
said precision breeding enables plant breeders to target traits that can be
quantitatively associated with specific genes, which enhance plant performance.
“Precision breeding has been
practiced in the Philippines for years. A classic example of PhilRice-released
variety that is also a product of precision breeding is the NSIC Rc194, or
Submarino 1, which has a submergence-tolerant trait,” Suralta said.
“Other PhilRice varieties with
improved disease-resistance are also a product of precision breeding,” he said.PhilRice
said precision breeding involves the transfer of specific desired traits—such
as those that can tolerate drought conditions or resist certain diseases—into
existing outstanding cultivars.
“It improves speed and precision,
as desirable traits within the entire map of genetic material of related plants
are identified and targeted,” Suralta said.
These genes can be “tagged” using
genetic markers uniquely associated with the desired traits.
Rather than crossing the parents’
genes and growing the offspring to maturity to check if the trait is present,
breeders can search for these discrete markers or “tags” at the early seedling
stage, significantly shortening the breeding program, according to PhilRice.
“Conventional breeding takes more
time, as it entails backcrossing of generations, then selecting and
field-testing them to get the desired result or cultivar,” said PhilRice, an
attached agency of the Department of Agriculture.
PhilRice said it is currently
conducting studies using precision breeding to map and identify genes that
promote root plasticity, tolerant to anaerobic conditions, resistant to
pests and diseases, and quantitative trait loci/genes that help increase rice
yield under drought condition.
Dr. Rosalyn B. Angeles-Shim,
assistant professor from Nagoya University in Japan, said precision breeding
could increase the yield of rice and enhance its tolerance to biotic and
abiotic stress.
“The use of the technology had
resulted in the identification of Gn1a and the Wealthy Farmer’s Panicle [WFP]
as two potential genes that can increase rice production in Africa.
Transferring Gn1a to existing rice cultivars increases grain number in rice,
while WFP promotes primary branching,” Angeles-Shim said in a conference held
at PhilRice.
Through the breeding program, the
Wonder Rice Initiative for Food Security and Health (WISH) of the International
Rice Research Institute and the Japan International Cooperation Agency, the
existing rice cultivars in which these genes were transferred are now being
tested.
“The WISH project aims to
increase rice production in Africa. Instead of introducing new varieties to
farmers, we focused on improving the ones that are known and widely used and
adopted in the area by breeding them with the identified genes. This promotes
faster acceptance by the rice farmers in the area,” Angeles-Shim said.
USDA Commodity
Intelligence Report - THAILAND: Rice Production Rebounds
Following El Nino
Thailand recovered
in 2016 from a severe two-year El Niño-related drought, which had substantially
reduced irrigation supplies and rice acreage in the country. Bountiful rainfall
during the recent wet season replenished important reservoirs which supply the
agricultural sector and enabled the government to lift restrictions on
irrigated rice acreage during the 2016-17 dry season (November through May).
Farmers responded by increasing rice acreage by an estimated 975,000 hectares
compared to last year. Thailand’s 2016/17 harvested rice area is estimated at
10.1 million hectares, unchanged from last month but up 7 percent from last
year. Production is currently forecast by USDA at 18.6 million metric tons
(milled basis), up 18 percent from last year. Rough rice yield is estimated
slightly above average at 2.80 tons per hectare.
Thailand has
two annual rice-growing periods, the wet-season and the dry-season. The wet-
season rice harvest is the larger of two annual crops, normally accounting for
roughly 70 percent of total annual production. Wet-season rice acreage has
averaged about 8.8 million hectares since 2007. Wet-season rice is heavily
dependent on monsoonal weather systems, with 70 percent of the crop being totally
rainfed. The remaining 30 percent lies primarily in the western Chao Phraya
river basin and is irrigated from water stored in mountain reservoirs.
Dry-season rice area averages 2.0 million hectares, is
approximately 80 percent irrigated, and accounts for roughly 30 percent of
total annual rice production. Dry-season rice yield is nearly double the yields
of the primarily rainfed wet-season crop. Dry-season rice cultivation is
heavily focused on irrigated farmland in the Lower North and Central Plains
regions. With the majority of the irrigation infrastructure and agricultural
mechanization, these areas are essentially the nation’s rice heartland. The
country’s annual exportable rice surplus is produced here, typically flowing
from the dry season harvest itself. There are two major reservoirs which
account for 80 to 90 percent of the irrigation supply for rice cultivation,
Bhumipol and Sirikit, which are located in the northern headwaters of the Chao
Phraya river basin. According to a report from the U.S. agricultural counselor
in Bangkok, total reservoir supplies in the country were nearly 150 percent
above those recorded this same time last year.
The key driver for the rebound in Thailand’s 2016/17 rice production was above-normal
rainfall during the 2016 wet season (May through October). As can be seen in
the maps above, abundant rainfall blanketed the core northern and northeast
watersheds which feed the mountain reservoirs important to rice cultivation.
The regional rainfall pattern significantly improved relative to 2015 all
across Southeast Asia as the strong El Niño event waned in the Pacific. Given
the replenishment of key reservoirs and irrigation supply in northern Thailand, the Thai government lifted restrictions on
winter dry-season rice cultivation in October 2016 and allowed the Royal
Irrigation Department (RID) to supply farmers with all the water they required.
The RID reported in early February that farmers had more than doubled rice
acreage compared to last year and that plantings would continue through
February.
Recent MODIS satellite imagery data confirmed the government
projection, showing a remarkable recovery in crop acreage and vegetative vigor
compared to last year in the heart of the primary dry-season growing regions
(Lower North and Central Plains). The normalized difference vegetation index
(NDVI) shows that current crop development in February 2017 is better than
average in most dry-season rice producing regions. By comparison, in February
2016 rice acreage had shrunk to a 20-year low, with NDVI data clearly
indicating extremely low crop vegetation relative to the long-term norm for
that time of year. The lack of irrigation supply had reduced dry-season rice
acreage in February 2016 to an estimated 735,000 hectares. Given the
substantial improvement in irrigation supply, 2016/17 dry-season rice acreage
will likely increase approximately 133 percent compared to last year. As a
result, dry-season rice production is forecast near the 5-year average.
This report has been published by
the Office of Global Analysis (OGA), International Production Assessment
Division (IPAD). Current USDA area and production estimates for
grains and other agricultural commodities are available on IPAD's Agricultural
Production page or at PSD
Online.
For more information contact
Michael Shean | michael.shean@fas.usda.gov | (202) 720-7366 USDA-FAS, Office of
Global Analysis
Nagpur Foodgrain Prices Open-February 24,2017
Nagpur Foodgrain Prices – APMC/Open Market-February 24
Nagpur, Feb 24 (Reuters) – Gram and tuar prices suffered heavily in Nagpur Agriculture Producing and Marketing Committee (APMC) auctions on lack of demand from local millers amid good supply from producing belts. High moisture content arrival and downward trend in Madhya Pradesh pulses also affected sentiment in weak trading activity, according to sources.
FOODGRAINS & PULSES
GRAM
* Desi gram raw declined further in open market on poor demand from local traders amid
good supply from producing belts.
TUAR
* Tuar gavarani moved down in open market here in absence of buyers amid increased
arrival from producing regions.
* In Akola, Tuar New – 3,900-4,000, Tuar dal (clean) – 7,000-7,300, Udid Mogar (clean)
– 8,500-9,000, Moong Mogar (clean) 6,500-6,800, Gram – 4,700-4,800, 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 4,050-4,650 4,100-4,730
Gram Pink Auction n.a. 2,100-2,600
Tuar Auction 3,800-4,260 4,000-4,300
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 5,100-5,300 5,150-5,350
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 7,000-7,200
Tuar Fataka Medium-New 6,400-6,800 6,400-6,800
Tuar Dal Best Phod-New 6,000-6,200 6,000-6,200
Tuar Dal Medium phod-New 5,500-5,800 5,500-5,800
Tuar Gavarani New 3,800-4,000 4,000-4,200
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 6,800-7,000
Moong Mogar Medium 6,000-6,500 6,000-6,500
Moong dal Chilka 5,500-6,300 5,500-6,300
Moong Mill quality n.a. n.a.
Moong Chamki best 6,200-6,500 6,200-6,500
Udid Mogar best (100 INR/KG) (New) 8,500-9,500 8,500-9,500
Udid Mogar Medium (100 INR/KG) 7,300-7,900 7,300-7,900
Udid Dal Black (100 INR/KG) 5,000-5,300 5,000-5,300
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 2,600-2,800
Rice Swarna medium (100 INR/KG) 2,400-2,500 2,400-2,500
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) 9,200-13,300 9,200-13,300
Rice Basmati Medium (100 INR/KG) 5,000-6,200 5,000-6,200
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. 35.9 degree Celsius, minimum temp. 15.5 degree Celsius
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum temperature would be around and 35 and 16 degree
Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices)
ATTN : Soyabean mandi, wholesale foodgrain auctions of Nagpur APMC and oil market in Vidarbha
will be closed tomorrow, Saturday, on the occasion of Mahashivratri Parna
Pakistan Rice
exports decline in FY 2016-17
February 23, 2017
ISLAMABAD
(APP): The country earned $876.914 million by exporting about 2.078 million
metric tons of rice in first seven months of current financial year as compared
the exports of the corresponding period of last year.During the period from
July-January, 2016-17 rice exports reduced by 14.62 percent as compared to the
same period of last year.
About
2.307 million tons of rice valuing $1027.52 million during seven months of last
financial year, according the data of Pakistan Bureau of Statistics.
Pakistani Rupee falls against dollar
During
the period under review, about 234,337 metric tons of basmati rice worth
$208.177 million exported as compared to exports of 283,495 metric tons valuing
$281.911 million of same period last year.Meanwhile, in last seven months about
1,844,048 metric tons of rice other then basmati rice exported and earned
$670.737 million as compared to 2,023,778 metric tons valuing $785.141 million
of same period of last year.
On
month on month basis, rice exports grew by 3.85 percent in month of January,
2017 as compared to exports of same period of last year. US Journal lauds economic reforms in Pakistan
About
390,690 metric tons of rice worth $163.925 million exported in last month as
against the exports of 346,691 metric tons valuing $157.855 million of the
corresponding month of last year.
In
month of January, 2017 about 44,831 metric tons of basmati rice valuing $35.531
million as compared to exports of 41,538 valuing $33.215 million, which was up
by 6.97 percent of same month of last year.
Pakistan to surpass Canada's economy in three decades: PWC report
The
export of rice other then basmati also grew by 3.1 percent in last month of
current financial year as 345,859 metric tons of others rice worth $128.394
million exported as compared the exports of 305,155 metric tons valuing
$124.640 million of same month of last year.It may be recalled that food group
exports during last 7 months reduce 9.28 percent and recorded at $2.23 billion
as compared to exports of 2.230 billion of same period of last year
Nigeria Targets Seven Million
Tonnes of Rice By 2018
Tagged:
The Minister of Agriculture and Rural Development, Audu Ogbeh,
says the Federal Government is targeting the production of seven million tonnes
of rice by 2018.
Briefing journalists in Abuja on Wednesday, Mr. Ogbeh said that
the target, which would be achieved by the second quarter of 2018, was to meet
the national consumption rate.
"I think we have attained the level of being one of the
largest producers of rice, even though many people are still in doubt about
that.
"So, for those who say it is not true, I think they need to
take another look.
"I have been in Vietnam, the same kind of rice plantation
you see there is what you see in Nigeria.
"The only thing we need to add is the milling capacity,
which we are increasing," he said.
The minister, however, attributed the current hike in price of
rice to the increase in the people's demand for the produce.Mr. Ogbeh said that
the country was feeding more than 193 million citizens as well as 100 million
others in West and North Africa.
"Nobody argues the fact that
trucks come in from Ghana, Burkina Faso, Niger Republic, Chad, Mali, to Funtua
in Katsina to load our grains," he said. On rice milling, the minister
said that the Federal Government recently advertised no fewer than 100 rice
mills for sale and distribution to farmers.
Mr. Ogbeh said that this would assist rice farmers to boost
their production, while reducing the price of the produce and boosting the food
security of the country.
"Our milling capacity is still not up to speed but we want
to improve.
"Some of the mills, which will mainly go to cooperatives,
will do 10 tonnes a day, some 20 tonnes, some 50 tonnes and some 100 tonnes.
"The terms of sale and distribution of the mills to
communities and farmers will be very generous," he said.
Mr. Ogbeh said that the states that were currently producing
rice included Adamawa, Kebbi, Kano, Ebonyi, Katsina, Jigawa, Taraba, Anambra,
Enugu and Benue.
(NAN)
World Baby Rice
Flour Market Research Report 2021(Covering USA, EU, China, South East Asia, India, Japan and etc)
Press release from: ReportBazzar
Summary
ICRWorld’s Baby Rice
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Analysis of the key factors influencing the market.
The report includes the
forecasts, Analysis and discussion of important industry trends, market size,
market share estimates and profiles of the leading industry Players.
Global Baby Rice Flour
Market: Application Segment Analysis
Global Baby Rice Flour
Market: Regional Segment Analysis
USA
Europe
Japan
China
India
South East Asia
The Players mentioned in
our report
Heinz
Gerber
Nestle
BEINGMATE
Engnice
Eastwes
Weicky
FangGuang
Hipp
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1.1.1 Types of Baby Rice
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1.2 Main Market
Activities
1.3 Similar Industries
1.4 Industry at a Glance
Chapter 2 World Market
Competition Landscape
2.1 Baby Rice Flour
Markets by Regions
2.1.1 USA
Market Revenue (M USD)
by Types, Through 2021
Market Revenue (M USD)
by Applications, Through 2021
Major Players Revenue (M
USD) in 2015
2.1.2 Europe
Market Revenue (M USD)
by Types, Through 2021
Market Revenue (M USD)
by Applications, Through 2021
Major Players Revenue (M
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This release was
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Rice plants could be genetically
tweaked to tame arsenic found in soil, reducing risk for humans
Rooted in place, plants
can’t run away from arsenic-tainted soil — but they’re far from helpless.
Scientists have identified enzymes that help rice plant roots tame arsenic,
converting it into a form that can be pushed back into the soil. That leaves less of the toxic
element to spread into
the plants’ grains, where it can pose a health risk to humans….
Since arsenic occurs naturally in soil, understanding the genetic
basis for plants’ natural defense mechanisms might help researchers engineer
plants that take in less arsenic, said Mary Lou Guerinot, a biologist at
Dartmouth College.
[Biologist David] Salt’s team [at the University of Nottingham in
England] found that rice plants without working genes for enzymes called HAC1;1
and HAC1;2 couldn’t turn arsenate into arsenite. So more arsenate accumulated
in the plants’ shoots. When the scientists made HAC1;1 and HAC1;2 genes in
other rice plants produce more of the enzymes than usual, grains from those
plants had lower concentrations of any form of arsenic.
…
Converting one form of toxic element to another limits health
dangers.
Plants make HAC1 enzymes in the outer cells of their roots, where
the enzymes help the root cells rid themselves of arsenic.
The GLP aggregated and excerpted this blog/article to reflect the
diversity of news, opinion, and analysis. Read full, original post: Enzymes aid rice plants’ arsenic
defenses
USA Rice and Redner's
Markets: Healthcents
By Katie Maher
ARLINGTON, VA -- USA Rice is
participating in the HealthCents program at Redner's Markets, a supermarket
chain with 64 stores throughout Pennsylvania, Delaware, and Maryland, to
promote U.S.-grown rice during March's National Nutrition Month.
During the first promotion, from
February 5 through March 19, shoppers will be introduced to the many uses and
nutritional benefits of U.S.-grown rice through the dietitian's in-store and
digital magazine, an advertisement in the weekly circular reaching 1.2 million
shoppers, social media, in-store recipe sampling events, and end-cap displays
highlighting U.S.-grown rice.
The
promotion kicked off this month with a USA Rice feature in Redner's HealthCents
Magazine, a publication written by Redner's dietitian, which reaches 10,000
shoppers in-store and is available online.
A two-page spread highlights U.S.-grown rice varieties and nutrition
information, tips for cooking and preparing rice, as well as USA Rice's Spicy
Thai Chicken Bowl recipe, which will be highlighted in the circular and demoed
in-store. 
"We
are excited to be working with USA Rice to educate our shoppers on the benefits
of locally grown rice," says Meredith McGrath, corporate dietitian for Redner's
Markets. "As we saw during our last
partnership, our shoppers are very receptive to these messages. Being able to provide shoppers with delicious
recipes that they can also feel good about feeding their families is the goal
of our program, and USA Rice is the perfect partner to help us achieve
that."
USA Rice
Rice worth $876.914mn exported in
last 7 months
ISLAMABAD: The country earned $876.914 million by exporting
about 2.078 million metric tons of rice in first seven months of current
financial year as compared the exports of the corresponding period of last
year.
During the period from July-January, 2016-17 rice exports
reduced by 14.62 percent as compared to the same period of last year.
About 2.307 million tons of rice valuing $1027.52 million during
seven months of last financial year, according the data of Pakistan Bureau of
Statistics.
During the period under review, about 234,337 metric tons of
basmati rice worth $208.177 million exported as compared to exports of 283,495
metric tons valuing $281.911 million of same period last year.
Meanwhile, in last seven months about 1,844,048 metric tons of
rice other then basmati rice exported and earned $670.737 million as compared
to 2,023,778 metric tons valuing $785.141 million of same period of last year.
On month on month basis, rice exports grew by 3.85 percent in
month of January, 2017 as compared to exports of same period of last year.
About 390,690 metric tons of rice worth $163.925 million
exported in last month as against the exports of 346,691 metric tons valuing
$157.855 million of the corresponding month of last year.
In month of January, 2017 about 44,831 metric tons of basmati
rice valuing $35.531 million as compared to exports of 41,538 valuing $33.215
million, which was up by 6.97 percent of same month of last year.
The export of rice other then basmati also grew by 3.1 percent
in last month of current financial year as 345,859 metric tons of others rice
worth $128.394 million exported as compared the exports of 305,155 metric tons
valuing $124.640 million of same month of last year.
It may be recalled that food group exports during last 7 months
reduce 9.28 percent and recorded at $2.23 billion as compared to exports of
2.230 billion of same period of last year.
On the other hand food group imports into the country increased
by 11.69 percent and reached at $3.444 billion as compared to imports of $3.83
billion of corresponding period of last year.
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