Rice-loving Asians may be more
prone to diabetes, study shows
Tuesday October 17, 2017
12:40 PM GMT+8
12:40 PM GMT+8
ICYMI
Alan Phua, 34, found out he was
pre-diabetic after going for the APT-2D study. He is even more conscientious
after the tests, and has halved his white rice intake.Businessman Alan Phua,
34, was “surprised and slightly depressed” to learn he had pre-diabetes after
taking part in the study. He had thought himself to be of “extremely low risk”,
given a relatively low body fat percentage of 11 per cent and an active
lifestyle.
He started to be more conscious of
his diet and health about two years ago due to a family history of diabetes —
both his grandmothers died from diabetescomplications, while five of his
mother’s six siblings have Type 2 diabetes. He is now even more conscientious:
“If one day I get careless or lazy and not take care of my lifestyle and diet,
Type 2 diabetes is almost a certainty.”
The APT-2D study, which costs S$20
million (RM62.3 million), is jointly funded by the Ministry of Health and
Janssen Pharmaceuticals. The team hopes to complete the study by 2021.
Those interested to join may email
brite_spot@nuhs.edu.sg or call 8781 6302 or 8781 6303 during office hours. —
TODAY
http://www.themalaymailonline.com/features/article/rice-loving-asians-may-be-more-prone-to-diabetes-
Scientists claim to have invented 'giant rice' that stands over SEVEN FEET tall as they look
for ways to feed growing population
·
Experts in China claimed they had cultivated
new grain in an experiment
·
It's expected to greatly benefit the nation
which faces a shortage of farmers
A new kind of
rice that can grow as tall as 2.2 meters (7ft 2in) has been introduced.
The so-called 'giant rice' is expected to feed more
people as scientists claimed its yield could be 50
per cent higher than ordinary rice, according to a report on China's People's Daily Online today.
Experts from the China said they had spent 10 years
cultivating the new grain, which was unveiled on October 16.
+3
A team of researchers from the Institute of
Subtropical Agriculture, Chinese Academy of Sciences, have planted and
harvested the 'giant rice' on an experimental
field, according to the People's Daily Online report, citing Xinhua News
Agency.
The
experimental field is located in Jinjing Township of Changsha County, central
China's Hunan Province.
The new type
of rice is said to be 1.8 metres tall on average (5ft 10in), with the greatest
ones reaching 2.2 metres.
Xia Xinjie, a researching involved in the
project, expected the yield of the 'giant rice' to surpass 11.5 tonnes per
hectare. Mr Xia said the per-hectare yield is 50 per cent higher than the
ordinary rice.
Mr Xia added that experts had harvested more
than 500 grains from a single 'giantrice' stalk.
The Chinese scientists are said to have used a series
of new technologies to cultivate the new rice, including mutation induction
and hybridisation between different kinds of wild rice.
+3
The 'giant rice' is due to greatly benefit
China which is facing a shortage of farmers and a growing population.
'It is expected that 60 per cent more rice
will need to be produced in 2030 compared to 1995,' Yuan Longping, a renowned
agricultural scientist, told People's Daily Online, in an interview
last month.
Mr Yuan added:
'Currently, one hectare for rice production provides food for 27 people. By
2050, one hectare will have to support 43 people.'
CHINA'S
'FATHER OF HYBRID RICE'
+Chinese scientist Yuan Longping (second
left), known as the 'father of hybrid rice', surveys the growth of hybrid rice
in a field in Hebei, China, on October 15
Yuan Longping, 87, has been billed as the
'father of hybrid rice' in China for his constant contribution in breeding
high-yield grains in the past 60 years.Last month, the scientist announced he
and his team had successfully cultivated a new type of rice, called 'sea rice',
which could grow on saline-alkaline land.
On an experiment field, four types of rice
were said to register an estimated output between 6.5 to 9.3 tonnes per
hectare.China has 100 million hectares of saline-alkaline soil, according to Mr
Yuan. Among them, 18.7 million hectares have the potential to grow rice.This
week, another new type of hybrid rice, also cultivated by Mr Yuan, become the
highest-yielding one in the world.
The rice has been named Xiangliangyou 900.
The pilot rice fields in Handan, Hebei province, were harvested on October 15.
The three plots yielded 17.2 tons per hectare on average. Of the three plots,
the one with the highest yield reached 17.7 tons per hectare, which is a new
world record.
TradeNet to cover rice, 6 other goods
ON OCTOBER 17, 2017
The government’s online trade facilitation platform — expected to
be rolled out this December — will initially cover seven goods that represent
half of the Philippines’ total trade volume, the Finance department said.Advertisements
The TradeNet system will allow traders to apply for clearances
covering rice, sugar, used motor vehicles, chemicals (toluene), frozen meat,
medicines (for humans, animals or fish) and cured tobacco.
“The initial deployment will allow traders to use the system for
the first seven commodities that represent fifty percent of the total trade
volume of the Philippines,” Finance Undersecretary Gil Beltran was quoted as
saying in a report to Finance Secretary Carlos Dominguez 3rd.
TradeNet aims to minimize the costs of doing business and cut the
processing time for import and export permits. It will also perform the
functions of the country’s National Single Window (NSW).
The NSW, which will be interconnected by December to the
Association of Southeast Asian Nations (Asean) Single Window, is a regional initiative
that aims to speed up cargo clearances and promote economic integration by
enabling the electronic exchange of documents between the bloc’s 10
member-states.
Beltran also said that 16 agencies involved in the processing of
permits for the seven commodities would have to be connected to TradeNet by
December.
These include the Bureau of Animal Industry, National Tobacco
Administration, Fair Trade and Enforcement Bureau, National Food Authority,
Bureau of Plant Industry, Food and Drugs Administration, National Meat
Inspection Service, Bureau of Internal Revenue and the Bureau of Customs.
More goods will be added to the system once other agencies also
link up with TradeNet, he said.
TradeNet aims to connect 66 agencies and 10 economic zones
involved in approving import and export permits and other trading requirements.
The Finance department was able to secure a P21.5-million grant
last year from the German development bank KfW Group to help implement
TradeNet.
Besides simplifying the import-export documentation processes, the
program’s targets include developing policies to “oversee, manage and harmonize
transactions of all regulatory agencies” involved by establishing protocols to
link their databases.
http://www.manilatimes.net/tradenet-cover-rice-6-goods/356955/
Congress must
pass rice tariffication bill soon
October 17, 2017
The Philippines had enjoyed the
protection of quantitative restriction (QR) on rice, or rice- import caps, for
more than two decades. Upon joining the World Trade Organization (WTO) in 1995,
the country was allowed to place caps on rice imports purportedly to discourage
the influx of cheap staple from neighboring Southeast Asian countries. Rice was
the only commodity that enjoyed the QR as the government had converted the
import quotas into tariffs when Congress passed Republic Act (RA) 8178, or the
Agricultural Tariffication Act.
Initially, the Philippines was
allowed by the WTO to implement the QR on rice for 10 years. Manila was granted
a seven-year extension when it expired in 2004. After the waiver on the special
treatment on rice again lapsed in 2012, the Philippines sought and was again
permitted by the WTO to keep import caps in place until June 30 this year.
In seeking the extension, the
government cited the need to prepare the rice sector for competition from Asean
countries, such as Thailand and Vietnam, which can produce the staple in a more
cost-efficient manner. Despite being in place for more than two decades,
domestic rice production continues to fall short of the requirements of
Filipinos. Even after the Aquino administration had targeted rice
self-sufficiency, the shortfall in rice output is still at around 1 million metric
tons (MMT) annually.
The government should have rolled
out the necessary measures to prepare the rice sector since day one of the
effectivity of the QR for rice traded under the WTO. But problems that had
plagued the sector for many years—lack of irrigation, inability to secure the
necessary farm equipment, lack of access to cheap credit for their production
capital—have yet to be addressed. And it doesn’t help that RA 8178 did not
include a sunset clause for the implementation of the rice-import caps. Manila
had informed the WTO that it could not yet convert the QR into tariffs because
Congress has yet to amend the agricultural tariffication law.
The Legislative-Executive
Development Advisory Council had identified the amendment of RA 8178 as a
priority bill to fast-track its passage. A technical working group (TWG)
created by the House Committee on Food and Agriculture recently approved a
substitute bill to amend RA 8178. House Committee on Agriculture and Food
Chairman Party-list Rep. Jose T. Panganiban Jr. of Anac-IP told the
BusinessMirror that the lower chamber is planning to approve the bill on third
and final reading before the end of the year. The Senate would also start
discussions on the bill filed by Sen. Ralph G. Recto during the Halloween break,
according to Sen. Cynthia A. Villar, the chairman of the Senate Committee on
Agriculture and Food.
The substitute bill approved by
the TWG created by the House Committee on Agriculture and Food calls for the
crafting of a road map, which will specify new initiatives to help rice farmers
cope with the possible influx of cheaper imports from neighboring Southeast
Asian countries. Bureaucrats will also have the money to put in place measures
to make the local rice sector competitive, as the substitute bill stipulates
that all duties collected from the importation of the staple would go to a Rice
Competitiveness Enhancement Fund. The Philippine Institute for Development
Studies said last November that the removal of the QR would allow the
government to generate at least P27 billion annually.
Economic managers said the
scrapping of the rice QR could cut the cost of the staple. But its removal
could also jolt government officials out of complacency and force them to focus
on resolving the ills that have long plagued the rice sector
https://businessmirror.com.ph/congress-must-pass-rice-tariffication-bill-soon/
Nigeria looks to food exports to boost FX
income after oil shock
October 17, 2017, 11:04:00 AM EDT By Reuters
By Chijioke Ohuocha
ABUJA, Oct 17 (Reuters) - Nigeria
is looking to boost agricultural exports to earn more hard currency, and aims
to cut imports of rice and wheat which together cost it almost $4 billion a
year, Agriculture Minister Audu Ogbeh told Reuters.Nigeria emerged from
recession in the second quarter as oil revenues rose, but growth was sluggish.
The government has touted agriculture as a way to wean the country off its oil
dependence, improving access to finance and introducing policies to try to
encourage private investment.
He said Nigeria needed 12 million
tonnes of unmilled rice to achieve eight million tonnes of milled rice to meet
local demand, and the country's production was approaching 20 million tonnes of
unmilled rice this year.Unmilled rice production was 7.85 million tonnes in
2016 and was just 4.54 million in 2010, government figures show.
"We redesigned the
agricultural programme ... clearly saying that we are looking for an
alternative to oil and gas," Ogbe said in an interview in Abuja."The
simple thing in diversifying the economy (is) to increase local production of
staples and substitute for imports - top of which is rice and wheat," he
said, adding the rice policy would save Nigeria$1.6 billion a year.Ogbe said a
similar policy had worked with sorghum and now the country was able to meet
local demand, especially for the beer industry, substituting for barley
imports.
On wheat, he said the plan was to
cut imports by 2019 as current output of 300,000 tonnes grows thanks to better
seed.
Ogbe said the government was
aware that crude oil demand would probably decline over the next 10 years and
had made a call to boost agriculture, which contributes around 40 percent to
its gross output and is growing.
HIGHER PRICES
Africa's biggest economy earned
$12.9 billion in non-oil revenues in 2013. Ogbe expects agriculture will
generate around $40 billion in five years time, nearly the same as the country
earns from crude exports, as it looks to boost sales of cocoa, cashew,
livestock, coconut oil, sesame seed, cassava.
He said the country had started
to export yams and was seeing demand for fruits and livestock such as bananas,
mangoes, goat meat and soybeans from Britain, United States, Russia, the Middle
East and China.
Ogbe said a devaluation of
Nigeria's naira currency last year made agricultural commodities cheaper for
neighbouring countries, to the extent that the likes of Burkina Faso, Senegal,
Ghana, Togo, Niger and Chad started to buy food from its local markets, a move
which stoked food price inflation.
"We literally had an
invasion from West Africa. It became cheaper to buy food here. They're shopping
here. Everyday trucks leave big markets especially in the north and south west
loading food," Ogbe said
However, prices have started
coming down, he said, adding the government was looking at ways to formalise
trade with neighbouring nations to boost revenues and foreign exchange.
Core inflation in Nigeria has
declined for eight consecutive months, though food price inflation has remained
above 20 percent, government data showed on Tuesday.
http://www.nasdaq.com/article/nigeria-looks-to-food-exports-to-boost-fx-income-after-oil-shock-20171017-00995
Tariffication
to give rice sector P27-billion safety net
-
October 16, 2017
The rice sector may get at least
P27 billion in government assistance, or nearly half of the Department of
Agriculture’s (DA) P60.6-billion budget for 2018, once Congress approves the
tariffication of the staple.Removing the quantitative restriction (QR) on rice
by amending Republic Act (RA) 8178 would allow the government to generate P27
billion annually, according to a paper published by the Philippine Institute
for Development Studies (Pids).
The Pids paper noted that the
projected revenues would come from the importation of some 2.2 million metric
tons (MMT) of rice at 35-percent tariff. Purchases of imported rice are
expected to increase once the government removes the QR.
Under a substitute bill approved
recently by the technical working group created by the House Committee on
Agriculture and Food, duties collected from importing the staple would form the
rice competitiveness enhancement fund, or Rice Fund.
“The Rice Fund shall consist of
all duties collected from the importation of rice under this act and shall be
automatically credited to a special account in the general fund of the national
treasury: provided that fund release shall not be subject to any ceiling by the
Department of Budget and Management [DBM],” the substitute bill read, a copy of
which was obtained by the BusinessMirror.
The Rice Fund shall be channeled
to six components: rice endowment fund, farm equipment/mechanization grants,
rice-crop finance, postharvest development, rice scholarships and vocational
education and research and development.
“Up to 20 percent of the Rice
Fund collected from the effectivity of this act from the applicable rates of
duty for all rice importations shall be utilized for the establishment of a
permanent rice-endowment fund, which shall be preserved as a capital fund and
not expended, and which will be prudently invested, and its profits and
earnings reinvested and any savings at the end of the year shall also accrue to
the rice endowment fund,” it read.
The substitute bill also noted
that 20 percent of the Rice Fund shall be made available as grants to farmers
and cooperatives in the form of farming machinery. Tractors, harvesters,
millers, reapers and other related farming equipment would be given to farmers
to increase their productivity.
“Up to 20 percent of the Rice
Fund shall be used for a special program of the crop loans, farm inputs, crop
insurance, loan guarantees and other financial assistance to farmers and farm
workers included in the registry system for basic sector in agriculture,
including related technical assistance and support, which shall be established
and administered by the DA,” the substitute bill read.
Another 20 percent of the Rice
Fund will be allocated for postharvest facilities, logistics, storage,
transportation facilities and infrastructure projects.
As for the remaining 20 percent,
10 percent will be used to fund rice farmers’s education, scholarships,
technical and vocational training of farmers and their dependents. The remaining
10 percent will be channeled to the government’s research and development
program on rice.
“The congressional oversight
committee on agricultural and fisheries modernization shall conduct a periodic
review of the use of the Rice Fund,” the substitute bill read.
It indicated that the fund will
be disbursed by the DBM to the DA and that the Agriculture secretary would
administer the fund.
“The DA, in consultation with the
Philippine Council for Agriculture and Fisheries, shall promulgate the policies
and guidelines necessary for the planning, administration, coordination and
monitoring of the utilization of the Rice Fund,” it read.
The programs that will be
supported by the Rice Fund will only complement the existing initiatives rolled
out by the DA for the rice farmers, according to the substitute bill.
“Any remaining balance at the
date of expiration of the collection of duties for the Rice Fund shall not
revert to the general fund but shall continue to be used for the purpose for
which it was collected and set aside,” it read.
The DA, together with other
relevant agencies, will be tasked to craft a Rice Industry Roadmap that will
serve as a “backbone” of the sector’s development.
“Upon the enactment of this Act,
the DA, together with relevant agencies, shall be given a maximum of 180 days
to finalize the rice road map to restructure the government’s delivery of
support services for the sector,” it read.
“As part of this road map, a
five-year rice program shall be implemented to provide alternative livelihood
for those who will be affected by the shift in the import policy. The road map
shall be based on the following principles: rice industry; farmers’
profitability, support covering the whole value chain and technology-oriented,
location, situation and farmer-specific support services,” it added.
House Committee on Agriculture
and Food Chairman Party-list Rep. Jose T. Panganiban Jr. of Anac-IP earlier
told the BusinessMirror that they plan to approve the bill on third and final
reading before the end of the year
https://businessmirror.com.ph/tariffication-to-give-rice-sector-p27-billion-safety-net/ 16 October 2017 |
Akufo-Addo Throws Challenge To Farmers
Daily Guide
His Excellency Nana Akufo-Addo has challenged farmers in
the Northern Region to increase their productivity to bring wealth and
opportunities into the region.According to the president, the Avnash Rice Mill
in the Northern Region has been underutilized because due to the low inputs
coming into the mill.
He said the stable peace and stability in the region is
what encouraged investors like Avnash to invest in the region. He thus pleaded
with the good people to continue to maintain the peace and stability in the
region to attract more investors into the region.The Avnash Rice Mill which has
the capacity to thresh about 500 metric tons of rice per day and situated in
the heart of Tamale, in the Northern Region, is the largest in Africa.
The Chief Executive Officer of Avnash Industries Ghana
Limited, Jai Mirchandani said the company has adopted a policy which apart from
training about 32,000 farmers will also create a million jobs in the region
over a 5-year period.Avnash is known for its use of local labour and local raw
materials.
The Minister for Agriculture, Dr. Owusu Afriyie Akoto said,
the facility is being underutilized mainly because of the insufficient
resources available to farmers, especially rice farmers in the region.
He revealed that, as part of the planting for food and jobs
policy of the Akufo-Addo government, the plant was going to be made one of the
pillars for the success of the policy. This year, some 1100 metric tons of
improved rice variety have been supplied to farmers for cultivation.
According to the sector minister, the supply will hit 8,000
metric tons next year which will see a rise in the cultivation of rice in the
country.In 2015, statistics from the ministry of agriculture reveals that, the
nation spent $1.5 billion on rice imports alone, an amount, according to the
agriculture minister, that can be saved and invested into the development of
other facilities and projects
https://www.modernghana.com/news/809768/akufo-addo-throws-challenge-to-farmers.html
Vietnam
rice industry should focus on quality: experts
Workers at Hau River Food Company in the southern Can Tho
Province load rice for export. (Photo: VNA)
HCM City (VNS/VNA)-Vietnamese rice producers and exporters should focus on quality and supplying products that are in demand to sustain the production and export of the grain and add value to the grain, heard a meeting in Ho Chi Minh City on October 17.
Speaking at the meeting held to discuss Vietnam’s Rice Market Development Strategy from 2017 to 2020, Phan Van Chinh, head of the Ministry of Industry and Trade’s import-export department, said the global rice market had seen changes, with major importing countries increasing domestic production.
“Free trade agreements theoretically create opportunities for Vietnam to boost exports to these markets, but to do so Vietnamese rice must meet the quality standards set by these markets.”
To achieve sustainable production and export, the Government has approved a strategy for the 2017–20 period.
Tran Xuan Long of the import-export department said one of the goals of the strategy was to gradually reduce rice export volume but increase value.
USSD.
Between 2021 and 2030 the annual volume is expected to be around four million tonnes, earning 2.3 billion - 2.5 billion USD. The make-up of the exports would also be restructured then, with a focus on increasing the export of fragrant, speciality, japonica and high-grade white rice, he said.Vietnam would focus on Asian and African markets, with China, Bangladesh and ASEAN members such as the Philippines, Malaysia and Indonesia remaining key markets.Huynh Minh Hue, general secretary of the Vietnam Food Association, said the main varieties of rice traded in global markets are basmati, parboil, fragrant, white broken rice, sticky rice, japonica, and white long-grain rice.
Vietnam is well placed in terms of sticky rice, fragrant, white broken rice, and white long-grain rice, he said.He said rice traders should “capitalise on their advantages to develop nearby and traditional markets whose demands dovetail with Vietnam’s conditions.”
To improve the competitiveness of rice traders, which is one of the measures in the strategy, businesses should focus on improving quality and marketing and cut costs, he said.Rice traders and exporters should establish links with farmers to ensure supply meets market demand and efficiency, he said.Pham Thai Binh, general director of Trung An Hi-tech Farming JSC, said rice traders who have contracted farmers that use safe production processes have bagged export orders from the beginning.
The country should have zoning plans for each variety of rice based on soil conditions in different areas and use technology to improve the quality and value, he said.Delegates at the meeting called on the Government to speed up negotiations and sign agreements on hygiene and food safety standards with importing countries.The Ministry of Agriculture and Rural Development should decide on and apprise exporters about the process of quality inspection and hygiene and food safety regulations in line with those agreements, they said.
Relevant agencies should review seaport planning and speed up loading and unloading of goods at ports to reduce logistics costs, they said.
They called for cooperation among traders in promoting exports.According to the VFA, Vietnam is expected to export 5.6 million tones of rice this year.-VNA
https://en.vietnamplus.vn/vietnam-rice-industry-should-focus-on-quality-experts/119671.vnp
Invention contest entry set on
October
20 Tuesday, October 17, 2017
A TOP official of the Department of Science and
Technology (DOST) announced that interested participants to the Regional
Invention Contest and Exhibits (RICE) have until Friday, October 20, to submit
entries to the contest. DOST regional officer-in-charge Martin Wee said the
contest is open to both public and private sector inventors and researchers
within Zamboanga Peninsula. There are six categories available in the invention
contest and these are: outstanding invention, outstanding utility model,
outstanding industrial design, outstanding creative research, and outstanding
student creative research for high school and college students.
Wee said the RICE is open to all inventors,
makers, designers, creative researchers and student researchers who are
Filipino citizens residing in the region. Wee said this year’s RICE will be
held on November 14 to 16 during the DOST’s Regional Science and Technology
Week celebration, where the agency’s leading programs, services and
technologies will be featured. The DOST holds its nationwide RICE event all
over the country every two years to recognize the indispensability of Filipino
inventions. (Bong Garcia/SunStar Philippines
USA Rice Asks for Government Crackdown on Mislabeled Rice
Products
WASHINGTON, DC --
It's only natural for manufacturers, competing for the ever-dwindling attention
of consumers, to make product claims to set theirs apart. But a rise in
these statements that range from the incredulous to the spurious has forced USA
Rice to bring several of these claims to the attention of U.S. government
agencies that monitor and regulate food."We are seeing a variety of
statements on health benefits, organic certifications, and provenance that we
think deserve a closer look," said Betsy Ward, president & CEO of USA
Rice. "Consumers care about where their food comes from and they
don't want to be lied to about the food they are putting in their bodies.
If the statements are true, good for the companies, but they do need to be held
to the same standard as our members. Phony organic imports, mislabeled
imports, and erroneous health claims all impact the bottom line of the U.S.
rice industry and need to be stopped."
Ward said she and her team recently briefed officials at the U.S. Food and Drug Administration (FDA) to discuss the landscape of rice health and marketing claims.
Also, last week a team from the USA Rice Millers' Association met with Customs and Border Protection and FDA inspectors to review compliance with U.S. regulations regarding the marking of imported rice with country of origin and other labeling regulations governing enrichment.
"U.S. regulations are clear - imported products must be marked with the country of origin to the final consumer," said USA Rice COO Bob Cummings. "Portraying imported rice as U.S.-grown is not fair to consumers and our members and we are asking U.S. port officials to be vigilant." Cummings said the United States imported 528,000 metric tons of rice last year, mostly for direct sale to food service and consumer retail.
"Unless imported rice is 'substantially transformed' into another product, a marking of country of origin must accompany the product," he said. "And if rice is marked as enriched but is not, the product is subject to regulatory action at the state and federal levels including removal from the market."Ward said her organization would continue to monitor the marketplace and work with manufacturers, regulators, and enforcement officials to ensure a level and honest playing field for her industry.
Ward said she and her team recently briefed officials at the U.S. Food and Drug Administration (FDA) to discuss the landscape of rice health and marketing claims.
Also, last week a team from the USA Rice Millers' Association met with Customs and Border Protection and FDA inspectors to review compliance with U.S. regulations regarding the marking of imported rice with country of origin and other labeling regulations governing enrichment.
"U.S. regulations are clear - imported products must be marked with the country of origin to the final consumer," said USA Rice COO Bob Cummings. "Portraying imported rice as U.S.-grown is not fair to consumers and our members and we are asking U.S. port officials to be vigilant." Cummings said the United States imported 528,000 metric tons of rice last year, mostly for direct sale to food service and consumer retail.
"Unless imported rice is 'substantially transformed' into another product, a marking of country of origin must accompany the product," he said. "And if rice is marked as enriched but is not, the product is subject to regulatory action at the state and federal levels including removal from the market."Ward said her organization would continue to monitor the marketplace and work with manufacturers, regulators, and enforcement officials to ensure a level and honest playing field for her industry.
In China, a
skewed system leads to sweeping science fraud – China’s latest business and
technology news
summary of the top news in
Chinese business and technology for October 16, 2017. Part of the daily SupChina newsletter,
a convenient package of China’s business, political, and cultural news
delivered to your inbox for free. Subscribe here.
1 day ago
The New York Times reports (paywall) on
what has led to China becoming the world’s capital of science fraud, as
indicated by it retracting “more scientific papers because
of faked peer reviews than all other countries and
territories put together” since 2012. The problem became especially visible
earlier this year when China’s Ministry of Science and Technology launched an
investigation into the retraction of 107 papers from a prominent journal of
biology. Based on conversations with scientists in China and other sources in
Chinese academia, the Times concludes:
“As in the West, career advancement can often seem to be based
more on the quantity of research papers published rather than the quality.
However, in China, scientists there say, this obsession with numerical goal posts can reach extremes. Compounding the problem, they say, is the fact that Chinese
universities and research institutes suffer from a lack of oversight, and mete
out weak punishments for those who are caught cheating.”
This is not to say that China hasn’t made great advances in
science, nor that China is failing to attract some of the world’s best
scientists. Here are just a few stories from the past couple months:
- China is leading the
world in human genome editing, a
potentially revolutionary technology that has many bioethicists on edge.
- Chinese scientists have
invented rice that can grow in salty water,
which has the potential to greatly increase the amount of arable land in the
country. The largest-yet harvest of this new variety of rice is hitting
the shelves next month, SCMP reports.
- Finally, China is making
definite progress in reversing
a longstanding brain drain, as many top students are now
returning to China for work instead of staying abroad. The Times notes
that these students may be bringing back best practices and raising
ethical standards, an influence which combined with more sophisticated
algorithms to root out plagiarism may help to stem the fraud.
- China’s
economy and the 19th Party Congress
China: Central banker gives gravity-defying 7% growth forecast / Fortune
Message or massage? What’s the value of a price signal before China’s Communist Party congress? / SCMP
China’s Communist party congress: 3 investment themes to watch / FT (paywall)
Xi’s report card – has met China economic goals but can he keep it going? / Reuters
China’s party congress will matter for investors this time / FT (paywall) - Artificial
intelligence (AI)
Huawei hosts private AI confab in Vancouver / The Information (paywall)
Huawei Technologies organized an invite-only gathering in Vancouver last week to talk AI. Guests included people from Amazon, Microsoft, and Google.
Former IBM Watson chief scientist joins JD / China Tech News - Agriculture
China dairy giants shake off scandal to become blue chips / Bloomberg - Airports
Beijing proudly unveils mega-airport due to open in 2019 / Reuters - U.S.-China
trade relations
New energy vehicles top China’s list of subsidy questions for U.S. / Reuters - Dalian
Wanda
Wanda golf courses in China resort shut down by authorities / Bloomberg
By Lucas Niewenhuis
Lucas Niewenhuis is an associate
editor at SupChina who helps curate
daily news and produce the company's newsletter, app, and website content.
Previously, Lucas researched China-Africa relations at the Social Science
Research Council and interned at the Council on Foreign Relations in New York.
He has studied Chinese language and culture in Shanghai and Beijing, and is a
http://supchina.com/2017/10/16/china-skewed-system-leads-sweeping-science-fraud-chinas-latest-business-technology-news/
Scientists:
Plant More Trees to Combat Climate Change
October 16, 2017 8:38 PM
A caretaker of the Zika Forest near Entebbe, Uganda, poses under
the trees, Jan. 28, 2016.
Planting forests and other
activities that harness the power of nature could play a major role in limiting
global warming under the 2015 Paris agreement, an international study showed
Monday.
Natural climate solutions, also
including protection of carbon-storing peat lands and better management of
soils and grasslands, could account for 37 percent of all actions needed by
2030 under the 195-nation Paris plan, it said.Combined, the suggested
"regreening of the planet" would be equivalent to halting all burning
of oil worldwide, it said.
"Better stewardship of the
land could have a bigger role in fighting climate change than previously
thought," the international team of scientists said of findings published
in the U.S. journal Proceedings of the National Academy of Sciences.
The estimates for nature's
potential, led by planting forests, were up to 30 percent higher than those envisaged
by a U.N. panel of climate scientists in a 2014 report, it said.Trees soak up
heat-trapping carbon dioxide as they grow and release it when they burn or rot.
That makes forests, from the Amazon to Siberia, vast natural stores of
greenhouse gases.
Overall, better management of
nature could avert 11.3 billion tons of carbon dioxide emissions a year by
2030, the study said, equivalent to China's current carbon dioxide emissions
from fossil fuel use.The Paris climate agreement, weakened by U.S. President
Donald Trump's decision in June to pull out, seeks to limit a rise in global
temperature to "well below" two degrees Celsius (3.6 Fahrenheit)
above pre-industrial times.
Current government pledges to cut
emissions are too weak to achieve the 2C goal, meant to avert more droughts,
more powerful storms, downpours and heat waves.
"Fortunately, this research
shows we have a huge opportunity to reshape our food and land use
systems," Paul Polman, CEO of Unilever, said in a statement of Monday's
findings.
Climate change could jeopardize
production of crops such as corn, wheat, rice and soy even as a rising global
population will raise demand, he said.The study said that some of the measures
would cost $10 a ton or less to avert a ton of carbon dioxide, with others up
to $100 a ton to qualify as "cost-effective" by 2030.
"If we are serious about
climate change, then we are going to have to get serious about investing in
nature," said Mark Tercek, chief executive officer of The Nature
Conservancy, which led the study.
Korea's rice output expected to fall below
4m-ton mark this year
·
Published : Oct 17, 2017 - 14:27
·
Updated : Oct 17, 2017 - 14:29
South Korea's rice output is
expected to drop below the 4 million-ton mark for the first time in over
three decades, due mainly to bad weather conditions in the harvest season,
government data showed Tuesday.The country's rice production is expected to
come to 3.96 million tons this year, down 5.8 percent from 4.2 million tons
in 2016, according to the data compiled by Statistics Korea.The last time the
total fell short of 4 million tons was in 1980 when the country's rice output
stood at 3.55 million tons.
|
Farmers harvest rice in a paddy
in South Gyeongsang Province on Oct. 10, 2017. (Yonhap)
|
The statistics office said unfavorable weather conditions during the planting and harvesting seasons is largely behind the weak number this year. It added that the decline in the cultivation area for rice also contributed to the fall.The country's rice acreage declined 3.1 percent on-year from 778,734 hectares in 2016 to 754,716 hectares this year as the government has been pushing to control rice production in order to deal with a chronic glut of the staple grain. (Yonhap)
http://www.koreaherald.com/view.php?ud=20171017000689
Rice sowing: Crop confidence grows in NSW
Riverina
EMMA FIELD, The Weekly Times
October 17, 2017 6:00pm
RICE sowing is well underway in the NSW Riverina,
with a quiet confidence among growers about the season
due to good volumes of carryover water and excellent planting conditions.The NSW Government this week
announced a 1 per cent increase in general security allocation for the Murray Valley to 30
per cent, with 97 per cent for high-security water and the average carryover at
44 per cent.The Murrumbidgee system remained the same with 95 per cent
allocation for high-security water, 33 per cent general security and
27 per cent average carryover.
Moulamein grower and SunRice director Leigh Vial said he’d
planted about 40 per cent of his program and “planting condition have been
ideal for both drill and aerial sowing”.
“We have carried over substantial amount of water, so we have
secured a good level of production this year,” he said.Dr Vial said he would be
planting a similar amount of rice as last year and was feeling more confident
about prices, given key competitor California was expecting to produce less rice this
year.According to a recent US Department of Agriculture report, US rice production will be down substantially on last
year.
The USDA estimated the US rice crop would drop 1.41 million tonnes on last
year to 5.71 million tonnes.
Australian rice exporter SunRice said in a
statement at its annual general meeting in August “medium-grain rice prices are improving, largely
driven by a short supply situation in the California market”.It said in August the medium-grain paddy price in California had increased 40 per cent since March,
and it announced a rice reiziq pool price range for Australian growers of $320-360/tonne this season.
Earlier in the year, SunRice announced limited fixed-price
contracts for the 2017-18 season of $360/tonne for reiziq, $520/tonne for
koshihikari and 450/tonne for doongara.
Rice Growers Association president Jeremy Morton said he believed there would be
“good solid crop” sown given global prices were heading up, and good volumes of
carryover water.But he said some growers were still concerned at this
season’s water allocations.“I think (growers) are concerned
allocations haven’t built as quickly as we have liked, and it’s weighing on
people’s decision making,” he said.
A SunRice spokeswoman said there had been ideal planting conditions for this season’s rice crop and with“predictions of a wet summer and
strong grower interest in premium specialty varieties, the 2018 rice season is shaping up positively”.
http://www.weeklytimesnow.com.au/agribusiness/cropping/rice-sowing-crop-confidence-grows-in-nsw-riverina/news-story/86eef77e0f1855c014eef1c4bfc95282
Rice basmati rises on uptick in demand
By PTI | Published: 17th
October 2017 02:17 PM |
Last Updated: 17th October 2017 02:30
PM |
New Delhi, Oct 17 (PTI) Rice basmati prices
firmed up by Rs 200 per quintal at the wholesale grains market today on pick up
in demand from retailers.However, other grains held steady in thin trade.Traders
said upsurge in demand from retailers mainly pushed up rice basmati prices.
In the national capital, rice basmati common
and Pusa -1121 variety rose by Rs 200 each to Rs 7,200-7,300 and Rs 5,900-6,000
per quintal respectively.
Following are today's quotations (in Rs per
quintal): Wheat MP (desi) Rs 2,100-2,350, Wheat dara (for mills) Rs
1,785-1,790, Chakki atta (delivery) Rs 1,795-1,800, Atta Rajdhani (10 kg) Rs
260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour mill Rs 960-970 (50 kg),
Maida Rs 990-1,000 (50 kg)and Sooji Rs 1,060-1,080 (50 kg).
Basmati rice (Lal Quila) Rs 10,700, Shri Lal
Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common new Rs
7,200-7,300, Rice Pusa (1121) Rs 5,900-6,000, Permal raw Rs 2,200-2,225, Permal
wand Rs 2,250-2,275, Sela Rs 2,300-2,400 and Rice IR-8 Rs 1,850-1,875, Bajra Rs
1,180-1,185, Jowar yellow Rs 1,400-1,450, white Rs 2,800-2,900, Maize Rs 1,280-
1,285, Barley Rs 1,435-1,445. PTI SUN KPS ADI MKJ .
http://www.newindianexpress.com/pti-news/2017/oct/17/rice-basmati-rises-on-uptick-in-demand-1676391.html
Myanmar to try to improve rice-export
capacity
Submitted by Eleven on
Tue, 10/17/2017 - 18:08
Writer: Nilar
Rice trading at Bayintnaung
Wholesale Centre in Yangon.Myanmar will try to improve its rice-export capacity
by producing rice of different kinds from different zones, said Union Minister
for Commerce Dr Than Myint.Despite a continued increase in rice export, Myanmar
is far behind its nieghbouring Thailand, which can export 10 million tonnes yearly.The
minister stressed the need to take systematic measures to produce rice in kind
by launching
different zones and markets. As rice is a strategic good, measures are being taken to export rice under a government-to- government system.Moreover, discussions will be made with relevant departments to prevent malpractice andirregularities in the local market and to ensure a strong and sustainable market.The minister warned that if major export items such as rice, beans and peas depend on a single market, there could be great impact on the country’s export sector.Most items such as rice, beans and peas and fruit have to be exported as raw materials. It is therefore necessary to export value-added and quality products so as to extend export market, according to the ministry.
different zones and markets. As rice is a strategic good, measures are being taken to export rice under a government-to- government system.Moreover, discussions will be made with relevant departments to prevent malpractice andirregularities in the local market and to ensure a strong and sustainable market.The minister warned that if major export items such as rice, beans and peas depend on a single market, there could be great impact on the country’s export sector.Most items such as rice, beans and peas and fruit have to be exported as raw materials. It is therefore necessary to export value-added and quality products so as to extend export market, according to the ministry.
http://www.elevenmyanmar.com/business/12021
https://www.bangkokpost.com/business/news/1343727/rice-prices-expected-to-hold-steady
Northeast rice farmers gain subsidy to ease
harvest costs
Economy October 17, 2017 01:00
By THE NATION
THE THAI Rice Exporters Association will
subsidise Northeastern farmers at Bt200 per rai for no more than 10 rai each in
an effort to help reduce harvest costs.The initiative comes as Commerce
Minister Apiradi Tantraporn stuck to the ministry’s target of 11 million tonnes
of rice exports this year, after the nine-month figure came in at 8.97 million
tonnes.Apiradi said the association would launch its relief measure of the
Bt200-per-rai subsidy for about 5,363 Northeastern farmer in 12 provinces,
costing Bt9.17 million. The provinces covered are: Khon Kaen, Chaiyaphum,
Nakhon Phanom, Roi Et, Surin, Nakhon Ratchasima, Maha Sarakham, Buri Ram, Amnat
Charoen, Ubon Ratchathani, Kalasin and Si Sa Ket.
The initiative arose from the Ministry of
Commerce (MOC) and the association joining forces for the Pracha Rat project
with the goal of reducing rice production costs.The subsidy will be
trans-ferred to each farmer through the Bank for Agriculture and Agricultural
Cooperatives (BAAC) directly. Charoen Laothamatas, president of the Thai Rice
Exporters Association, said that, given the different demands of farmers in
each area, the subsidy would be given directly to them through BAAC next week
under the pilot project for this year.
“We've discussed with the MOC several times and
agreed that the direct subsidy would be the right solution. The farmers will
receive the money to reduce their harvest costs and this is our first pilot
project," he said.Suthep Kongmak, president of the Thai Agriculturist
Association, had said earlier that Thai Rice Exporters Association had set
aside a budget of Bt20 million for direct relief measures for farmers with a
previously targeted area of 100,000 rai.The association screened its members so
as to give priority to those who had not participated in a big farming project
and, as a result, there would be about 5,000 farmers to take part in the
subsidy project for the 50,000-rai criteria, Suthep said.
In regard to this year's rice export target,
the MOC reiterated its targeted volume of 11 million tonnes, given continued
global demand for Thai rice, Apiradi said.From January 1 to October 11, Thai
rice exports climbed 25.28 per cent year on year to 8.97 million tonnes worth
Bt132 billion. The export value also rose, by 17.41 per cent.White rice exports
topped the list with 3.91 million tonnes, accounting for 43.61 per cent of the
total Thai rice exported. Parboiled rice followed at 2.65 million tonnes with a
29.59 |per cent share and Thai Hom |Mali rice at 1.68 million tonnes with a
18.73 per cent share.Charoen also agreed on the ministry's rice export target
|for 2017, while expecting Thai |rice production to increase |about 10 per cent
for the 2017-18 season.
Both in-season and off-season rice production
is expected at 32 million tonnes of paddy rice for the season. Thai Hom Mali
rice's export price is expected at US$750-$800 a tonne. White rice's export
price is hovering around $375 a tonne and parboiled rice $385 a tonne.
Apiradi said that the rice in the government's
stocks has not yet been sold but the ministry is monitoring the situation. “If
there's market demand, there could be a rice sale from the stock. We have to
check on the situation periodically,” the minister said.
http://www.nationmultimedia.com/detail/Economy/30329442
Northeast rice farmers gain subsidy to ease
harvest costs
Economy October 17, 2017 01:00
By THE NATION
THE THAI Rice Exporters Association will
subsidise Northeastern farmers at Bt200 per rai for no more than 10 rai each in
an effort to help reduce harvest costs.The initiative comes as Commerce
Minister Apiradi Tantraporn stuck to the ministry’s target of 11 million tonnes
of rice exports this year, after the nine-month figure came in at 8.97 million
tonnes.Apiradi said the association would launch its relief measure of the
Bt200-per-rai subsidy for about 5,363 Northeastern farmer in 12 provinces,
costing Bt9.17 million.
The provinces covered are: Khon Kaen,
Chaiyaphum, Nakhon Phanom, Roi Et, Surin, Nakhon Ratchasima, Maha Sarakham,
Buri Ram, Amnat Charoen, Ubon Ratchathani, Kalasin and Si Sa Ket.The initiative
arose from the Ministry of Commerce (MOC) and the association joining forces
for the Pracha Rat project with the goal of reducing rice production costs.The
subsidy will be trans-ferred to each farmer through the Bank for Agriculture
and Agricultural Cooperatives (BAAC) directly.
Charoen Laothamatas, president of the Thai Rice
Exporters Association, said that, given the different demands of farmers in
each area, the subsidy would be given directly to them through BAAC next week
under the pilot project for this year.“We've discussed with the MOC several
times and agreed that the direct subsidy would be the right solution. The
farmers will receive the money to reduce their harvest costs and this is our
first pilot project," he said.Suthep Kongmak, president of the Thai
Agriculturist Association, had said earlier that Thai Rice Exporters
Association had set aside a budget of Bt20 million for direct relief measures
for farmers with a previously targeted area of 100,000 rai.
The association screened its members so as to
give priority to those who had not participated in a big farming project and,
as a result, there would be about 5,000 farmers to take part in the subsidy
project for the 50,000-rai criteria, Suthep said.In regard to this year's rice
export target, the MOC reiterated its targeted volume of 11 million tonnes,
given continued global demand for Thai rice, Apiradi said.From January 1 to
October 11, Thai rice exports climbed 25.28 per cent year on year to 8.97
million tonnes worth Bt132 billion. The export value also rose, by 17.41 per
cent.
White rice exports topped the list with 3.91
million tonnes, accounting for 43.61 per cent of the total Thai rice exported.
Parboiled rice followed at 2.65 million tonnes with a 29.59 |per cent share and
Thai Hom |Mali rice at 1.68 million tonnes with a 18.73 per cent share.Charoen
also agreed on the ministry's rice export target |for 2017, while expecting
Thai |rice production to increase |about 10 per cent for the 2017-18 season. Both
in-season and off-season rice production is expected at 32 million tonnes of
paddy rice for the season. Thai Hom Mali rice's export price is expected at
US$750-$800 a tonne. White rice's export price is hovering around $375 a tonne
and parboiled rice $385 a tonne.Apiradi said that the rice in the government's
stocks has not yet been sold but the ministry is monitoring the situation. “If
there's market demand, there could be a rice sale from the stock. We have to
check on the situation periodically,” the minister said.
http://www.nationmultimedia.com/detail/Economy/30329442
Nagpur Foodgrain Prices Open- October 17, 2017
Nagpur Foodgrain Prices – APMC/Open
Market-October 17
Nagpur, Oct 17 (Reuters) – Gram and tuar prices
firmed up again in Nagpur Agriculture Produce
and Marketing Committee (APMC) here on good
festival season demand from local millers amid weak
supply from producing regions. Fresh rise in
Madhya Pradesh gram prices and enquiries from
South-based millers also jacked up prices.
About 400 of gram bags and 300 bags of tuar
were available for auctions, according to sources.
FOODGRAINS & PULSES
GRAM
* Desi
gram raw declined further in open market on poor demand from local traders.
TUAR
* Tuar
varieties ruled steady in open market here but demand was poor.
*
Moong and Udid varieties reported down in open market on poor buying support
from
local traders amid good supply from producing regions.
* In
Akola, Tuar New – 3,900-4,000, Tuar dal (clean) – 5,700-6,000, Udid Mogar
(clean)
–
7,800-8,500, Moong Mogar (clean) 6,900-7,200, Gram – 5,000-5,025, Gram Super
best
– 7,100-7,300
*
Wheat, rice and other foodgrain items moved in a narrow range in
scattered deals and settled at last levels in weak deals.
Nagpur
foodgrains APMC auction/open-market prices in rupees for 100 kg
FOODGRAINS Available prices Previous close
Gram
Auction 4,300-5,020 4,200-5,000
Gram
Pink Auction n.a. 2,100-2,600
Tuar
Auction 3,600-3,970 3,500-3,900
Moong Auction
n.a. 3,900-4,200
Udid
Auction n.a. 4,300-4,500
Masoor Auction
n.a. 2,600-2,800
Wheat Mill quality Auction
1,592-1,782 1,586-1,664
Gram
Super Best Bold
7,000-7,500 7,000-7,500
Gram
Super Best n.a. n.a.
Gram
Medium Best 6,400-6,800 6,400-6,800
Gram
Dal Medium n.a. n.a
Gram
Mill Quality 5,100-5,200 5,100-5,200
Desi
gram Raw 4,950-5,050 5,000-5,100
Gram
Kabuli 12,500-13,200 12,500-13,200
Tuar
Fataka Best-New
6,000-6,200 6,000-6,200
Tuar Fataka Medium-New 5,600-5,900 5,600-5,900
Tuar
Dal Best Phod-New 5,300-5,600 5,300-5,600
Tuar
Dal Medium phod-New
4,800-5,200 4,800-5,200
Tuar
Gavarani New 3,800-3,900 3,800-3,900
Tuar
Karnataka 4,200-4,500 4,200-4,500
Masoor dal best
5,200-5,400 5,200-5,400
Masoor dal medium
4,800-5,000 4,800-5,000
Masoor
n.a. n.a.
Moong
Mogar bold (New) 6,800-7,200 7,000-7,500
Moong Mogar Medium
6,200-6,600 6,200-6,800
Moong dal Chilka
5,400-5,800 5,500-6,100
Moong Mill quality
n.a. n.a.
Moong
Chamki best 6,900-7,400 6,900-7,400
Udid
Mogar best (100 INR/KG) (New) 8,000-8,500
8,000-8,700
Udid
Mogar Medium (100 INR/KG)
6,200-7,200
6,500-7,500
Udid
Dal Black (100 INR/KG)
5,200-6,200
5,600-6,600
Batri dal (100 INR/KG)
5,000-5,300 5,000-5,300
Lakhodi dal (100 INR/kg)
2,800-3,000 2,800-3,000
Watana Dal (100 INR/KG)
2,900-3,100 2,900-3,100
Watana Green Best (100 INR/KG)
3,800-4,400
3,800-4,400
Wheat 308 (100 INR/KG)
1,900-2,000 1,900-2,000
Wheat Mill quality (100 INR/KG)
1,700-1,850
1,700-1,850
Wheat Filter (100 INR/KG)
2,100-2,300
2,100-2,300
Wheat Lokwan best (100 INR/KG)
2,200-2,400
2,200-2,400
Wheat Lokwan medium (100 INR/KG)
1,900-2,100 1,900-2,100
Lokwan Hath Binar (100 INR/KG)
n.a. n.a.
MP
Sharbati Best (100 INR/KG)
3,100-3,600
3,100-3,600
MP
Sharbati Medium (100 INR/KG)
2,200-2,700
2,200-2,700
Rice
BPT best (100 INR/KG)
3,000-3,500
3,000-3,500
Rice
BPT medium (100 INR/KG)
2,800-2,900
2,800-2,900
Rice
Luchai (100 INR/KG)
2,200-2,400
2,200-2,400
Rice
Swarna best (100 INR/KG)
2,500-2,600
2,500-2,600
Rice
Swarna medium (100 INR/KG) 2,300-2,400 2,300-2,400
Rice
HMT best (100 INR/KG)
3,600-4,000
3,600-4,000
Rice
HMT medium (100 INR/KG)
3,250-3,600
3,250-3,600
Rice
Shriram best(100 INR/KG)
4,600-5,000 4,600-5,000
Rice
Shriram med (100 INR/KG)
4,200-4,500
4,200-4,400
Rice
Basmati best (100 INR/KG)
10,000-14,000
10,000-14,000
Rice
Basmati Medium (100 INR/KG)
5,000-7,500
5,000-7,500
Rice
Chinnor best 100 INR/KG)
4,700-4,900
4,700-4,900
Rice
Chinnor medium (100 INR/KG)
4,400-4,600
4,400-4,600
Jowar Gavarani (100 INR/KG)
2,000-2,100
2,000-2,100
Jowar CH-5 (100 INR/KG)
1,700-2,000 1,700-2,000
WEATHER (NAGPUR)
Maximum temp. 36.4 degree Celsius, minimum
temp. 19.6 degree Celsius
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum and minimum
temperature would be around and 36 and 20 degree
Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from
plant delivery prices, butincluded in market prices)
https://in.reuters.com/article/nagpur-foodgrain/nagpur-foodgrain-prices-open-october-17-2017-idINL4N1MS321
S. Korea’s rice output expected to fall below 4 mln-ton mark
this year
SEOUL, Oct. 17 (Yonhap) -- South
Korea's rice output is expected to drop below the 4 million-ton mark for the
first time in over three decades, due mainly to bad weather conditions in the
harvest season, government data showed Tuesday. The country's rice production
is expected to come to 3.96 million tons this year, down 5.8 percent from 4.2
million tons in 2016, according to the data compiled by Statistics Korea. The
last time the total fell short of 4 million tons was in 1980 when the country's
rice output stood at 3.55 million tons. The statistics office said unfavorable
weather conditions during the planting and harvesting seasons is largely behind
the weak number this year. It added that the decline in the cultivation area
for rice also contributed to the fall. The country's rice acreage declined 3.1 percent
on-year from 778,734 hectares in 2016 to 754,716 hectares this year as the
government has been pushing to control rice production in order to deal with a
chronic glut of the staple grain.
Farmers harvest rice in a paddy in South Gyeongsang Province on
Oct. 10, 2017. (Yonhap
Date: 17-Oct-2017
Rice basmati rises on uptick in demand
New Delhi, Oct 17 (PTI) Rice basmati prices firmed up by Rs 200
per quintal at the wholesale grains market today on pick up in demand from
retailers. However, other grains held steady in thin trade. Traders said
upsurge in demand from retailers mainly pushed up rice basmati prices. In the
national capital, rice basmati common and Pusa -1121 variety rose by Rs 200
each to Rs 7,200-7,300 and Rs 5,900-6,000 per quintal respectively. Following
are today's quotations (in Rs per quintal): Wheat MP (desi) Rs 2,100-2,350,
Wheat dara (for mills) Rs 1,785-1,790, Chakki atta (delivery) Rs 1,795-1,800,
Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour
mill Rs 960-970 (50 kg), Maida Rs 990-1,000 (50 kg)and Sooji Rs 1,060-1,080 (50
kg).
Basmati rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300,
Super Basmati Rice Rs 9,800, Basmati common new Rs 7,200-7,300, Rice Pusa
(1121) Rs 5,900-6,000, Permal raw Rs 2,200-2,225, Permal wand Rs 2,250-2,275,
Sela Rs 2,300-2,400 and Rice IR-8 Rs 1,850-1,875, Bajra Rs 1,180-1,185, Jowar
yellow Rs 1,400-1,450, white Rs 2,800-2,900, Maize Rs 1,280- 1,285, Barley Rs
1,435-1,445. PTI SUN KPS ADI MKJ .
Rice
prices expected to hold steady
- 17 Oct 2017 at 09:30 3,266
viewed1
comments
- NEWSPAPER
SECTION: BUSINESS
| WRITER: PHUSADEE
ARUNMAS
- +
Strong overseas demand for Thai
rice is expected to support prices even as an influx of around 25 million
tonnes of the 2017/18 major crop is about to flood the market next month, say
industry officials.
Thai Rice Exporters Association president Charoen
Laothammatas said hefty demand from the overseas markets could push 2017 rice
exports to 10.8 million tonnes, nearly matching the record high of 10.9 million
tonnes in 2014."Exports could even hit 11 million tonnes this year if we can ship an average of 900,000 tonnes during the last three months of the year," said Mr Charoen.
He said Thailand exported 8.2 million tonnes so far this year, an average of 820,000 tonnes a month, bringing the target within reach.
Strong demand is expected to last until the end of the year, preventing the price from falling significantly after the harvest at the end of the year.
Apart from the major crop, another 7-8 million tonnes of paddy is estimated to come from the second crop, mostly from well-irrigated areas in the central region, bringing the total to 32 million tonnes for the 2017/18 crop.
"Excessive rainfall and flooding could damage some crops in the low-lying areas in the central region, but good irrigation in the areas also allows the farmers to grow crops off-season," said Mr Charoen.
In contrast, excessive water helps boost the production of premium grade white rice, known as hom mali, grown mostly in plateaus areas in the northeastern region, he added.
However, abundant rice crops are unlikely to cause any price slumps this year as demand for Thai rice from several countries, particularly in Asia, is expected to keep prices relatively high despite rising output during the harvest.
The price of premium grade hom mali rice is US$750-$800 a tonne, compared with the average price of $781 a tonne last year.
The price of common grade 5% white rice was at $375-$400 a tonne, compared with the average price of $394 a tonne last year.
"The price is expected to remain firm until the end of the year, support by strong demand," he said. Bangladesh is asking to buy around 150,000 tonnes and Sri Lanka wants to buy 25,000 tonnes of rice from Thailand, said Mr Charoen.
Commerce Minister Apiradi Tantraporn said the ministry has no plans to release any rice from the state stockpiles during the year-end harvest to avoid hurting local rice prices.
The local paddy price stands at 7,500-8,000 baht a tonne, slightly higher than 6,000 baht last year, said Mr Charoen.
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