Rice prices rise in India on stronger rupee; stable in Thailand, Vietnam
In India, the world's biggest rice
exporter, prices for 5-percent broken parboiled rice rose by $3 to
$387-$392 a tonne this week on an appreciation in the rupee and a rise in paddy
prices in the local market.
The rupee has risen 6
percent so far in 2017 and is trading near its highest level in 21 months,
trimming returns for exporters.
The strengthening rupee is
also pushing up prices in dollar terms, making Indian supplies
less competitive, said a rice exporter based in Kakinada in Andhra Pradesh.
Local paddy prices were
firm on thinner supply.
"Paddy supply from
winter crops is lower than anticipated," said another exporter based in
Kakinada.
India mainly exports non-basmati rice to African
countries and premier basmati rice to the Middle East.
Thai benchmark 5-percent
broken rice remained at $360-$375 a tonne, free-on-board (FOB) Bangkok, in a
quiet market.
"Prices will likely
stay at this level for a while," a trader in Bangkok said.
The Thai government will
open a state auction for 1.03 million tonnes of spoiled and sub-standard rice
from state stockpiles on Friday.
ALSO
IN MONEY NEWS
Vietnam's 5-percent broken rice dropped
slightly to $350 a tonne, FOB Saigon, from $350-$355 last week, with traders
citing a quiet market amid weak demand.
Rice exports by Vietnam in the first four months of 2017 are estimated to fall 7.7
percent from the same period last year to 1.86 million tonnes, the country's
farm ministry said on Wednesday.
(Reporting by Rajendra
Jadhav in MUMBAI, Patpicha Tanakasempipat in BANGKOK, and Mai Nguyen in HANOI;
Editing by Amrutha Gayathri
PHL in talks with Vietnam to maximize available trade deals
April 27, 2017
THE PHILIPPINES is calling for
closer trade ties with Vietnam to widen the two countries’ domestic and export
markets while making the most of the advantages offered by their separate trade
agreements with other territories.
Garment factory workers -- FIL-PACIFIC
APPAREL CORPORATION
On Wednesday, the Department of Trade and Industry (DTI) said in
a statement that Trade Secretary Ramon M. Lopez urged Vietnamese Vice-Minister
for Trade and Industry Tran Quoc Khanh to “further strengthen bilateral trade
between the Philippines and Vietnam.”
Mr. Lopez, who met with the Vietnamese official on Monday, also called on the country’s regional neighbor to “balance the import and export trade between the two Southeast Asian countries.”
Trade Undersecretary Ceferino S. Rodolfo said the talks with Vietnam was “significant because the last time that we held the JTC (joint trade committee) was in 2003.”
“After 14 years, we covered a lot of issues,” said Mr. Rodolfo, who is also the managing head of the country’s investment promotion arm, the Board of Investments.
He said the talks covered developments in the regional and global trade environment, including the Trans-Pacific Partnership (TPP), an ambitious free trade agreement (FTA) pushed by the Obama administration, which has since been dropped by US President Donald Trump.
“As you know, Vietnam was poised to be part of the TPP (if it will enter) into force,” he said. “Vietnam has ramped up its production capacity for textiles in anticipation for TPP.”
But he said since the TPP deal had become uncertain, or should it go ahead, it would not include the biggest market -- the US, “we’re already discussing sourcing possibilities.” He said the talks include taking in Vietnam textiles, which the Philippines can further process, with the garments exported to the US and the European Union (EU).
Mr. Rodolfo said the same could apply for raw hides, a material that Vietnam supplies and which the Philippines is not self-sufficient in.
He said talks with Vietnam also covered “joining forces for a common advocacy so that we could expand the generalized system of preference (GSP) of the US to cover more goods that are important to us.”
The GSP allows entry into the US of preferential and duty-free products from 122 designated beneficiary countries and territories, including the Philippines. Garments are widely considered as among the protected products on the US market.
“We could say that with our sourcing cooperation (and) collaboration with Vietnam, textile companies who would invest in the Philippines are not just looking at our export market and our domestic market of 100 million but also the 100 million domestic market of Vietnam and also the export market of Vietnam,” Mr. Rodolfo said.
Vietnam is in the legal scrubbing phase of its FTA with the EU. The Philippines is currently negotiating an FTA with the regional bloc but it has easy market access to the EU through the GSP+ that allows tariff-free exports to Europe of more than 6,200 Philippine products, including processed fruit, coconut oil, footwear, fish and textiles.
Mr. Rodolfo also said Vietnam had expressed support and readiness in supplying rice to the Philippines should it decide to do so “in the quality and quantity needed.” -- Victor V. Saulon
Mr. Lopez, who met with the Vietnamese official on Monday, also called on the country’s regional neighbor to “balance the import and export trade between the two Southeast Asian countries.”
Trade Undersecretary Ceferino S. Rodolfo said the talks with Vietnam was “significant because the last time that we held the JTC (joint trade committee) was in 2003.”
“After 14 years, we covered a lot of issues,” said Mr. Rodolfo, who is also the managing head of the country’s investment promotion arm, the Board of Investments.
He said the talks covered developments in the regional and global trade environment, including the Trans-Pacific Partnership (TPP), an ambitious free trade agreement (FTA) pushed by the Obama administration, which has since been dropped by US President Donald Trump.
“As you know, Vietnam was poised to be part of the TPP (if it will enter) into force,” he said. “Vietnam has ramped up its production capacity for textiles in anticipation for TPP.”
But he said since the TPP deal had become uncertain, or should it go ahead, it would not include the biggest market -- the US, “we’re already discussing sourcing possibilities.” He said the talks include taking in Vietnam textiles, which the Philippines can further process, with the garments exported to the US and the European Union (EU).
Mr. Rodolfo said the same could apply for raw hides, a material that Vietnam supplies and which the Philippines is not self-sufficient in.
He said talks with Vietnam also covered “joining forces for a common advocacy so that we could expand the generalized system of preference (GSP) of the US to cover more goods that are important to us.”
The GSP allows entry into the US of preferential and duty-free products from 122 designated beneficiary countries and territories, including the Philippines. Garments are widely considered as among the protected products on the US market.
“We could say that with our sourcing cooperation (and) collaboration with Vietnam, textile companies who would invest in the Philippines are not just looking at our export market and our domestic market of 100 million but also the 100 million domestic market of Vietnam and also the export market of Vietnam,” Mr. Rodolfo said.
Vietnam is in the legal scrubbing phase of its FTA with the EU. The Philippines is currently negotiating an FTA with the regional bloc but it has easy market access to the EU through the GSP+ that allows tariff-free exports to Europe of more than 6,200 Philippine products, including processed fruit, coconut oil, footwear, fish and textiles.
Mr. Rodolfo also said Vietnam had expressed support and readiness in supplying rice to the Philippines should it decide to do so “in the quality and quantity needed.” -- Victor V. Saulon
http://www.bworldonline.com/content.php?section=Economy&title=phl-in-talks-with-vietnam-to-maximize-available-trade-deals&id=144338
ASEAN rice reserve available during emergencies
By Philippine News
Agency on April 3,
2017
National Food Authority (NFA) Administrator Jason Laureano Y.
Aquino, who headed the Philippine delegation to the APTERR meeting recently
held in Bangkok, Thailand reported that an agreement was reached to implement
the Tier 1 program which will allow sales of rice between member countries of
APTERR from the earmarked emergency rice reserve during emergencies and
calamities. (Photo: Simone Bosotti/ Flickr)
MANILA–The Philippines and other
member countries of the ASEAN Plus Three Emergency Rice Reserve (APTERR) may
now buy rice from the reserve in case of emergency and natural calamities.
National Food Authority (NFA)
Administrator Jason Laureano Y. Aquino, who headed the Philippine delegation to
the APTERR meeting recently held in Bangkok, Thailand reported that an
agreement was reached to implement the Tier 1 program which will allow sales of
rice between member countries of APTERR from the earmarked emergency rice
reserve during emergencies and calamities.
APTERR was launched in July 2012
composed of the ten ASEAN nations namely Philippines, Thailand, Myanmar,
Vietnam, Indonesia, Malaysia, Singapore, Cambodia, Brunei, Laos, plus three non
ASEAN members namely: Japan, China, and South Korea.
Originally established as ASEAN
Emergency Rice Reserve (AERR) in 1979, APTERR was organized to ensure rice
availability during emergencies, stabilize the price of rice, and improve
farmers’ income and welfare among the member countries. It aims to improve food
security without distorting the international rice market.
At present, the total earmarked
emergency rice reserve pledged by APTERR member countries is placed at 787,000
MT. The stocks are made available to member countries through a three-tier
system: Tier 1 – through sales; Tier 2- through emergency grants and loans; and
Tier 3- delivery of donated rice in times of acute emergency.
“Rice sales under Tier 1 is
different from government-to-government deals because the sale must go through
the approval of APTERR as a body and can only be availed of in cases of
emergency and calamities,” Aquino said.
The Philippines had already
benefited from the AERR/APTERR since 2010 but almost all under Tier 3 program.
Thailand donated 520 metric tons of rice to the Philippines through the APTERR
Secretariat for victims of Typhoons Ondoy and Juan, La Nina and flash floods.
Since the APTERR came into force in 2012, at least 7,200 MT of rice were
donated through the program to the Philippines for the victims of typhoons
Pablo, Yolanda and Nona
Flash floods will not drive up rice prices, says food minister
Published: 2017-04-26 22:13:43.0 BdST Updated: 2017-04-26 22:13:48.0 BdST
Food Minister
Qamrul Islam has brushed off speculations that rice prices may go up due to the
flash floods sweeping backswamps.An untimely downpour resulted
into the flooding in the beginning of this month.According to private
organisations, the submerged cropfields used to produce 800,000 tonnes of
rice.
"The floods have damaged
approximately 600,000 metric tonnes of Boro paddy. But that won't result in a
food crisis nor will it impact the rice market adversely," the minister
said on Wednesday. The minister claimed Bangladesh has 1500,000 to 2000,000
tons of surplus rice in stock."The country produces more than 30 million
metric tonnes of rice annually. After meeting local demand, we are left with
15-2000,000 metric tonnes of rice," he said.
However, some rogue traders and hoarders were trying to create a
panic, he added.
Qamrul warned the
traders not to try pushing the price of rice showing loss of crops as an excuse.
He also called upon the media to not spread rumours.Qamrul
inaugurated the 'Second Food and Agro, Agrocam cum Poultry and Livestock
Bangladesh Expo-2017' at International Convention City Bashundhara in Dhaka on
Wednesday.A total of 120 organisations from Spain, UK, Poland, Thailand, China,
Turkey, India and Bangladesh are taking part in the exhibition which will
continue until Saturday
http://bdnews24.com/economy/2017/04/26/flash-floods-will-not-drive-up-rice-prices-says-food-minister
USA Rice,
Mexican Rice Council: Leave NAFTA Alone!
By Hugh Maginnis
MEXICO CITY, MEXICO -- The two national
organizations representing their respective rice industries in the United
States and Mexico agree that any renegotiation of the North America Free Trade
Agreement (NAFTA) could have serious consequences for the stable and consistent
rice trade that has created jobs and benefitted consumers and farmers on both
sides of the border.
During high level meetings here this week, USA
Rice and the Mexican Rice Council recognized the mutual benefits achieved
through free trade that support the viability of U.S. farmers and guarantees a
safe, consistent, and affordable staple food product for Mexican consumers.
The 12-person USA Rice delegation met with all
segments of the Mexican rice industry, including, the Mexican Rice Council,
farmers, millers, importers, and distributors, and there was consensus that the
goals of the industries are similar - keep the market free and open and
increase consumption of rice in Mexico.
Mexico remains the number one rice
export market in value and volume, accounting for 20 percent of all U.S. rice
exports and more than 16 percent of total U.S. long grain rice production.
USA Rice has worked for decades developing the
Mexican market, and NAFTA has been central to market growth. Changing NAFTA threatens to disrupt this most
important market and opens the door for rice imports from countries that
heavily subsidize their rice industries, like Viet Nam.
"There's a lot at stake here
and if NAFTA goes away, we lose. Plain
and simple," said Brian King, USA Rice Chairman and the delegation
leader. "The reality is, we need
the Mexican market more than they need us.
They'll get their rice, one way or another. I'm interested in making certain it's coming
from the United States."
"We're sending a united message to
President Trump that withdrawal from NAFTA, or significant revisions, would
likely hurt everyone involved - particularly the rural, agricultural-based
communities that quite frankly, are the ones that made him President,"
said Betsy Ward, USA Rice President & CEO.
Ward added that USA Rice and the Mexican Rice
Council also agreed on the importance of continuing the education process for
their respective governments on the win-win that is NAFTA, rice trade between
the countries, and the critical need to keep markets open.
USA Rice,
Mexican Rice Council: Leave NAFTA Alone!
By Hugh Maginnis
MEXICO CITY, MEXICO -- The two national organizations representing
their respective rice industries in the United States and Mexico agree that any
renegotiation of the North America Free Trade Agreement (NAFTA) could have
serious consequences for the stable and consistent rice trade that has created
jobs and benefitted consumers and farmers on both sides of the border.
During high level meetings here this
week, USA Rice and the Mexican Rice Council recognized the mutual benefits
achieved through free trade that support the viability of U.S. farmers and
guarantees a safe, consistent, and affordable staple food product for Mexican
consumers.
The 12-person USA Rice delegation met with all
segments of the Mexican rice industry, including, the Mexican Rice Council,
farmers, millers, importers, and distributors, and there was consensus that the
goals of the industries are similar - keep the market free and open and
increase consumption of rice in Mexico.
Mexico remains the number one rice export
market in value and volume, accounting for 20 percent of all U.S. rice exports
and more than 16 percent of total U.S. long grain rice production.
USA Rice has worked for decades developing the
Mexican market, and NAFTA has been central to market growth. Changing NAFTA threatens to disrupt this most
important market and opens the door for rice imports from countries that
heavily subsidize their rice industries, like Viet Nam.
"There's a lot at stake here and if NAFTA
goes away, we lose. Plain and
simple," said Brian King, USA Rice Chairman and the delegation
leader. "The reality is, we need
the Mexican market more than they need us.
They'll get their rice, one way or another. I'm interested in making certain it's coming
from the United States."
"We're sending a united message to
President Trump that withdrawal from NAFTA, or significant revisions, would
likely hurt everyone involved - particularly the rural, agricultural-based
communities that quite frankly, are the ones that made him President,"
said Betsy Ward, USA Rice President & CEO.
Ward added that USA Rice and the Mexican Rice
Council also agreed on the importance of continuing the education process for
their respective governments on the win-win that is NAFTA, rice trade between
the countries, and the critical need to keep markets open.
On-site learning session with
CA rice farmer Michael Rue
Inspection
Issues are Major Concern at U.S.-Taiwan Rice Sectors Annual Technical Meeting
By Gil Thompson
SACRAMENTO, CALIFORNIA -- Representatives from
the U.S. and Taiwan rice industries met for two days last week to discuss a
range of technical issues influencing rice trade. Taiwan's government imports rice to meet the
island's commitment to the World Trade Organization, which includes annual
purchases from the United States of 64,634 metric tons (brown basis).
"We greatly value the market in
Taiwan, and last week's meeting was an important opportunity to exchange
information, discuss issues of mutual concern, and find solutions that make
U.S.-Taiwan rice trade run more smoothly and efficiently," said USA Rice
COO Bob Cummings.
The Taiwan team, headed by Huang
Chao-hsing of Taiwan's Agriculture and Food Agency (AFA), outlined AFA's tender
intentions for 2017, as well as the agency's efforts to increase rice
utilization in Taiwan. Differences in
results between quality inspections in the United States and upon arrival in
Taiwan have been a concern of both sides for several years, and were discussed
in detail at the Sacramento meeting.
"Differing inspection results
for the same shipment of rice is a major obstacle in our rice trade and I'm
glad that Taiwan accepted our suggestion to hold a rice grading seminar in the
near future. We look forward to a hands-on
discussion among experts, a better understanding of Taiwan's quality standards,
and more consistent results," continued Cummings.
USA Rice members and staff support
annual technical meetings with Japan, Korea, and Taiwan - important export
markets where national governments control or heavily influence rice imports -
as opportunities to resolve non-policy issues and to build trust among industry
segments.
Iskcon
mayapur interested in cultivating 8 varieties of aromatic-rice
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#MarvelCinematicUniverse Home > Kolkata > ISKCON Mayapur interested in
cultivating 8 varieties of aromatic rice ISKCON Mayapur interested in
cultivating 8 varieties of aromatic rice
Team MP | 27 April 2017 11:08 PM
| Kolkata ISKCON Mayapur has approached
the state government showing interest to cultivate eight out of 21 variety of
aromatic rice WHICH have been revived by the state agriculture department. The
state Agriculture department has revived 21 varieties of aromatic rice which
have become almost extinct. The rice research centre of the state Agriculture
department at Hamskhali had been working
in the sector and have become successful in reviving the 21 varieties of the
aromatic rice. The step to revive the rice varieties was taken up after the
change of guard in the state and it is one of the most important tasks carried
out by the rice research centre in the past few years. Sources in the state
Agriculture department said that ISKCON Mayapur will be cultivating the eight
varieties of the aromatic rice in their land of around 100 acre. ISKCON
authorities had discussions in this regard with scientists in the rice research
centre and the officials of the state Agriculture department. It is learnt that
scientists from the rice research centre have already visited the land where
ISKCON Mayapur wants to cultivate the aromatic rice. They have carried out all
necessary tests and have come to a conclusion that both the land and the
weather is favourable to start the cultivation. With ISKCON Mayapur showing
interest to cultivate the rice varieties, it is expected that people from
different parts of the world would come to know that such rice is produced in
Bengal, said an official of the agriculture department adding that a Memorandum
of Understanding will be signed between the state government and ISKCON
Mayapur. Scientists in the research centre would be providing their expertise
to make the effort of ISKCON Mayapur successful, sources said. The state
government is also taking the initiative to begin cultivation of aromatic rice
in more lands, which would be selected as per the requirements of the rice
varieties.
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Piñol: Duterte OK’d mandatory inspection of rice warehouses
APRIL 27, 2017
By Jasper Emmanuel Y.
Arcalas & Elijah Felice E. Rosales
President Duterte has approved the
proposal of the Department of Agriculture (DA) to set up a task force that
would conduct mandatory inspection of all rice warehouses in the country,
according to the DA chief.
Agriculture Secretary Emmanuel F.
Piñol said on his Facebook post the green light for the creation of the Task
Force Bigas was given by the President in a meeting in Malacañang on
Wednesday.
“The task force will conduct
actual rice-stock inventory in the country and establish accurate baseline
information on the country’s rice supply,” Piñol said.
“President Duterte said Task Force Bigas
should be led by the DA and supported by other agencies, like the bureaus of
Customs and Internal Revenue, and the Philippine Statistics Office [sic],” he
added.
Piñol said the Office of the
President will soon release a memorandum order to operationalize the
interagency task force. The memo will be signed by Executive Secretary Salvador
C. Medialdea.
He said one of the objectives of
Task Force Bigas is “to avert any attempt at hoarding rice to create an
artificial shortage” following the pronouncement of the President that the
country will not import rice while harvest is ongoing.
“The new policy declared by the
President is aimed at protecting Filipino rice farmers from price manipulation.
Historically, paddy rice-buying prices would fall from a high of P18 per
kilogram [before the start of harvest] to only about P10 to P12 per kg during
peak harvest, a result of the inshipment of imported rice,” Piñol said.
“The task force will conduct a
nationwide inventory of all rice stocks, including those that entered the
country through the backdoor by a well-organized rice-smuggling syndicate,
which receives the rice from other countries in the waters off Malaysia and
transferred to small boats that bring the stocks to Zamboanga City and other
small ports in the peninsula,” he added.
Earlier Piñol said he proposed
the setup of Task Force Bigas to Duterte, as the Philippine Statistics
Authority’s (PSA) data on rice were “not accurate”.
He said the PSA data did not take
into account smuggled rice.
Citing data from the
International Rice Research Institute (IRRI), Piñol said the Philippines has a
rice inventory of about 5 million metric tons (MMT).
IRRI analyst, Dr. Samarendu
Mohanty, said the Philippines has an inventory of about 5 MMT of rice. Mohanty
also said the export price of rice in the world market today has fallen to very
affordable (levels) partly because of the announcement by President Duterte
that the Philippines will not import during the harvest season, Piñol added.
‘Lift rice QR’
The Asean Business Advisory
Council (Abac) on Thursday urged the Philippine government to let go of its
quantitative restriction (QR) on rice and to focus instead on addressing the
needs of rice farmers.
Abac Chairman Jose Ma. A.
Concepcion III urged the Philippine government to pursue its hybridization
program to increase rice supply and help farmers increase their income.
“The QR will be removed because
there’s no chance to defer it again. But the implementation of the free trade
on rice will take time,” Concepcion told reporters in a news briefing in Pasay
City on Thursday.
“Now is the perfect time for the
government to support the hybridization of rice. This is the only way for our
rice industry to prosper on its own,” he added.
Concepcion noted that the Asean
is currently focused on reducing inequality in the region by attending to the
needs of the “marginalized and underserved” like the farmers.
“In the middle of all these
privatization, liberalization and deregulation, we must work to find the right
balance in the distribution of wealth. And we must begin with the workers in
the agriculture sector,” the Abac chief said.
He said Manila should learn from
Thailand, Malaysia and Vietnam—Asean countries that were once poor but are now
reaping the fruits of their hard work.
“Come to think of it, Vietnam was
formerly bombed and devastated by the war. But now, look at them. Their
agriculture is better than the Philippines, in spite of them learning their
ways from us,” Concepcion said.
“We should not be urging our rice
farmers to plant another crop. Instead, we should help our rice farmers develop
their farming so we will be able to resolve rural poverty.”
http://www.businessmirror.com.ph/pinol-duterte-okd-mandatory-inspection-of-rice-warehouses/
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