Monday, July 31, 2017

31st July,2017 Daily global regional and local rice e-newsletter by riceplus magazine


Soil Fertility Atlas for Punjab will help define soil fertility management changes.

File Photo
07:01 PM, 27 Jul, 2017

Pakistan and the United States have launched the Punjab Province's Soil Fertility Atlas.Minister for National Food Security and Research Sikandar Hayat Khan Bosan, USAID Mission Director Jerry Bisson and Chairman Pakistan Agricultural Research Council Dr. Yusuf Zafar inaugurated the Atlas at the National Agricultural Research Center in Islamabad today.The publication aimed at monitoring and sustaining soil fertility and strengthening the agricultural sector.
Speaking on the occasion, Sikandar Hayat Bosan said that the Soil Fertility Atlas for Punjab province will help define the soil fertility management changes required for sustainable growth in the Punjab province. He expressed the confidence that an array of stakeholders will benefit from this Atlas including farmers, extension workers, agriculture and environment professionals, economists and policy makers in the public as well as private sectors.

USAID Mission Director said the atlas will help in understanding the soil fertility management changes required for sustainable growth in Punjab. He said United States will continue to play its role for the development of Pakistan's agriculture sector. 

This initiative is a partnership between the Food and Agriculture Organization of the United Nations, the Ministry of National Food Security and Research, the Pakistan Agriculture Research Council, the United States Agency for International Development and the U. S. Department of Agriculture.FAO representative to Pakistan Mina Dawlatchahi said that this project is an important contribution towards the eradication of hunger and food insecurity by making agriculture in Pakistan more productive, while protecting the soil through sustainable agriculture practices.

The atlas provides a comprehensive account of the soil types and their current fertility status, native best management practices developed by the farmers of Punjab, and valuable soil fertility management strategies to guide farmers on fertilizer type, amount, timing and placement for optimal crop yields.The atlas is based on agricultural statistics, field-based assessment and data from provincial and federal departments and agencies. To complete the atlas, a series of workshops and consultations were conducted with local farmers at various locations across Punjab to gather information from growers of major crops like wheat, rice, cotton, maize, and sugarcane.

The atlas will be made available to the public, and government agricultural extension workers will use the document to help farmers increase their crop yields while reducing expenses through the elimination of over-fertilization practices.

Any port in the storm


Earlier this column has been a proponent of regional connectivity and trade agreement (read “Trading with neighbours” published on July 26, 2017). So PM Nawaz Sharif’s visit to Maldives this week is considered a step in the right direction. Amongst the smaller economies in the SAARC region in terms of international trade, it nevertheless has scope for some of Pakistan’s key export industries which include rice, medicaments, cement, and flour. Talks of increasing trade between the two countries come at an opportune time, given Pakistan’s current crisis of trade deficit. Though the potential of trade between the two countries is nowhere near the optimistic $5 billion trade Pakistan is eyeing with Iran, it is nevertheless a port in the storm to increase Pakistan’s exports.

India’s exports to Maldives have grown steadily over the last decade while Pakistan’s exports to Maldives are negligible. This is despite India exporting commodities to Maldives that are Pakistan’s forte such as cereals, vegetables and fruits. India’s share in Maldives imports was 20 percent whereas the corresponding figure for Pakistan was less than 1 percent, in 2016.

In the past, Pakistan has not had a good experience with the signing of trade agreements (read 
“Trade deficit: Not a Failure of FTAs” published on July 24 2017).However, there is not much risk of a deficit when it comes to trade with Maldives. Since Maldives is a tourism based economy, it is almost entirely dependent on imports for survival, implyingscope for Pakistan’s imports without a worsening of the current account deficit. 

Another aspect where Pakistan can benefit from developing its relationship with Maldives is its expertise in tourism.

Russia to dispatch team for meat quality inspection

LAHORE: Russian government will soon send its inspection team to examine standards of abattoirs in Pakistan in a bid to start meat imports from the country, a foreign official said. 
“We need meat imports (from Pakistan) into the federation,” Head of Moscow-based Business Club Igor Kolesov said during a visit.  The two-member delegation was on a four-day visit (24 to 27 July) to hold business meetings to explore opportunities of importing meat, rice and other products from Pakistan, according to a statement.
Kolesov said meetings with meat exporters remained fruitful.  Punjab Halal Development Agency (PHDA) invited the delegation to enhance business relations between the two countries.  Pakistan has a very minuscule share of $240 million in the global meat exports market of $1.5 billion. 
The Centre for Applied Policy Research in Livestock, in its policy paper, said the country’s halal market could increase its share in foreign trade if cap over local meat prices is removed and standards of meat and meat products are brought at par with the international standards.
The country is mainly exporting meat to Middle East. There are 17 meat processing units operating in the country, while there are only 35 meat exporters.     
The Russian delegation also met with rice and cheese exporters. The Punjab Halal Development Agency also arranged the delegation’s meetings with the officials of State Bank of Pakistan, National Bank of Pakistan and Meezan Bank to explore joint venture opportunities. 
The delegation, during a meeting with the bank’s officials, said bilateral banking channels should be improved to increase trade between the two countries. Bilateral trade volume between Russia and Pakistan stands at around $400 million compared with the latter’s annual exports and imports of $70 billion. 
Kolesov of Business Club said their meetings with Pakistani exporters, especially Guard Rice, was a great achievement as both agreed to trade on a mega level in future. Elena Kholod, senior vice president at Tembr Bank Moscow said opening of Pakistani bank branches in Moscow would help in enhancing bilateral trade.
Khalil-ur-Rehman, chairman of PHDA said the agency is trying to give maximum support to local export industry to boost exports, which eventually will benefit the economy of the country.

Major rice producers in recovery mode – except for U.S.

Bobby Coats, left, University of Arkansas, and Nathan Childs, right, USDA economist, visit with David Jessup, president and CEO of DeWitt Bank and Trust in DeWitt, Ark., at the USA Rice Outlook Conference.
 Low long-grain prices, adverse weather at planting have reduced U.S. rice acreage by 20 percent.The United States seems to be the only major rice-growing country in the world that has seen a reduction in acreage – and, thus, will produce less rice – in calendar year 2017. That means there is likely to not be much draw down in the record world supplies that currently exist and not much room for improvement in world rice prices, according to Nathan Childs, agricultural economist with USDA.
 “We’re looking at record supplies; though they won’t be up by much from 2016-17,” says Dr. Childs, a USDA’s rice analyst for more than two decades. “Many might remember the big supplies at the turn of the century that we worked on several years. It took several years to work those supplies down.
” The featured speaker during the University of Arkansas’ System Division of Agriculture’s Food and Agriculture Webinar on Thursday (July 27), Dr. Childs said producer support programs, especially in China and India have kept rice acreage in those countries high. “China's price support for rice went up slightly, I think a little bit over 1 percent, not much, but just a little,” he said, during the webinar moderated by Bobby Coats, professor of agricultural economics and agribusiness at the University. “India's back up. It's not a record area, but about 44.5 million hectares (10.99 million acres). China's up fractionally, nowhere near record though.” Thailand recovering from drought Thailand also appears to be well on the road to recovery from the woes that have beset its rice sector in recent years. Abundant rainfall has boosted its reservoir levels and, thus, it’s rice acreage is back to normal after severe drought two years ago.

In the Western Hemisphere, Brazil is now the largest rice-producing country in the world outside of Asia. Dr. Childs said USDA-ERS analysts see Brazil’s rice area increasing. “There’s more use of rice as a second crop or as a first crop, but we see the crop coming down as it returns to a more normal yield.” (Brazilian farmers can get two and sometimes three crops a season depending on the region.) “Look at some of the economic rationale for contraction,” he said.
“Remember we talked about global areas up in 2017-18, but not everywhere. The U.S. harvested acreage will be down 20 percent from a year ago.” Low prices for long grain and heavy rainfall at planting reduced acreage – mostly in the South, but also California had heavy rainfall in the winter – reduced the harvested area.
“The planted area didn't come down as much, but the abandonment is higher than typical.” Egypt, the largest growing country in North Africa, is expected to see its acreage drop from a massive record in 2016-17. The government is also imposing strict export area controls that aren’t always evenly applied. Skirting the export rules“They are going to be stricter, but they're often violated and then there was some shift in planting,” Dr. Childs noted. “Egypt’s had restrictions on rice planting for decades and typically grows far more rice than allowed under the government maximum.
” The Philippines, traditionally a large producer and consumer of rice, is expected to be down about 3 percent. Japan’s production is continuing to decline based on a long-term reduction of its rice acreage. Indonesia’s is as well, but the decline is almost inconsequential, according to Dr. Childs. One of the biggest percentage reductions could occur in Cuba where farmers are expected to harvest a 15 percent smaller rice crop this year due to the impact of negative weather the last two seasons.
“I think it’s the lingering effects of severe hurricanes that went through last fall,” he noted. “They had come off a severe drought from El Nino. They are the major importer in the Western Hemisphere.”South Korea has stocks concerns with consumption declining for food and food use declining.

Demand for VN rice to be stable in Q3: VFA

Demand for Vietnamese rice is expected to be stable in the third quarter of the year. — VNA/VNS Photo
HCM CITY — Demand for Vietnamese rice is expected to be stable in the third quarter of the year, Vietnam Food Association (VFA) Chairman Huỳnh Thế Năng has said. Thus, rice traders will not have to worry about finding consumption markets, he added. The chairman made the statement after Vietnamese rice enterprises won contracts to supply 175,000 tonnes (MT) of rice to the Philippines through an open tender held by the country’s National Food Authority (NFA) on July 25.
According to the association, in the bidding for 2-per cent broken rice export to the Philippines, four Vietnamese traders totalled 175,000 tonnes in the tender at different winning prices. Specifically, Southern Food Corporation 2 (Vinafood 2) won a bid for 50,000 tonnes of rice at a Free on Board (FOB) price of US$369.45 per tonne; International Joint Stock Company won 50,000 tonnes for $357 to $367 per tonne; Tân Long Group Joint Stock Company won 50,000 tonnes of rice for $354 to $359 per tonne; and Hiệp Lợi Joint Stock Company hit 25,000 tonnes with the best price of $370.9 per tonne.
This is the first time that private Vietnamese rice exporters were allowed to participate in such a bidding, and they proved they could meet the strict requirements put forward by the Philippines.  “Four enterprises among the total eight businesses winning the bid is a clear demonstration of the capacity of the Vietnamese rice traders,” Năng said.
The chairman said that the winning contracts would partly help stabilise domestic rice prices soon. In addition to the rice export contracts to the Philippines, domestic rice exporters are also preparing to deliver goods under the previously signed contracts to Cuba, Bangladesh and Malaysia.  “Therefore, from now until the end of the third quarter of 2017, Vietnamese rice sector will not struggle with the settlement of output for farmers.” According to VFA, demand for rice in Asia recently had positive impact on the rice exports of Việt Nam this year. There are several new emerging needs that motivate the market.
 For example, Bangladesh, after three rounds of bidding for 150,000 tonnes of rice and having bought 250,000 tonnes from Việt Nam, is also negotiating 200,000 tonnes with Thailand and may continue to buy more from Việt Nam. Sri Lanka is also urgently importing 55,000 tonnes of rice from Pakistan and Myanmar, and seeking supplies from other countries, including Việt Nam. Even the Philippines, in addition to the 250,000 tonnes bidding last week, may import more to shore up its stockpiles to ensure its food security. In addition to this, the consumption demand of China and India is expected to have an impact on the Vietnamese rice exports in the future. However, whether the Vietnamese enterprises have access to these needs depends on their price competitiveness compared with the other export competitors, as well as the summer-autumn crop harvest in August and September.
Nguyễn Thanh Long, managing director of Việt Rice Co Ltd, said that if domestic rice prices "turn up" too high, Vietnamese rice exporters would find it hard to compete with foreign rivals while negotiating commercial contracts. Currently, Việt Nam’s rice export prices are equal or a little bit higher than those of Thailand. For example, Thailand’s 5-per-cent broken rice is being offered at $395 per tonne, while that of Việt Nam is $407 per tonne, which will be profitable. If Vietnamese rice prices are not adjusted according to the Thai rice prices, it is difficult to attract demand and sign new contracts in the future.
According to the statistics of the Ministry of Agriculture and Rural Development, rice exports of the country in the first seven months of the year is estimated at 3.3 million tonnes, earning a revenue of $1.5 billion, up 15.7 per cent in volume and 13.7 per cent in value over the same period last year. The rice export price in the first half of the year averaged $444.6 per tonne, down 1.4 per cent year-on-year.

United States Rice Bran Oil Market 2017 By Key Manufacturers – BCL, A.P. Refinery, Kamal, SVROil, Ricela and Vaighai

United States Rice Bran Oil market 2017 Research Report offers a replete and diligent analysis of the growth rate of the Rice Bran Oil industry.This report scrutinize current market trends, future growth potential, dominant market growth drivers, elements impeding market growth, opportunities, market framework, market challenges, market future prognosis and best practices in the United States Rice Bran Oil market.
Report Synopsis:
Initially, the research study provides subtle knowledge of the Rice Bran Oil market composition, evaluates and overviews its multifaceted aspects & applications. It formulate both its quantitative and qualitative patterns of investigative research. The research study split the United States Rice Bran Oil market on the basis of different parameters and assesses each section as well as sub-section of Rice Bran Oil market.
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The major areas on which the report focuses on related to each firm are key competitor profile overview/description, fiscal & accounting details, business strategies and recent developments.
Key Dominant players in Rice Bran Oil market:
A.P. Refinery
3F Industries
Sethia Oils
Jain Group of Industries
Shivangi Oils
Balgopal Food Products
King Rice Oil Group
CEO Agrifood Limited
Surin Bran Oil
Agrotech International
Tsuno Rice Fine Chemicals
Oryza Oil & Fat Chemical
Wilmar International
Wanyuan Food & Oil
United States Rice Bran Oil market is Splited into two segments product and application.
Product Based Analysis of Rice Bran Oil Market:
Application Based Analysis of Rice Bran Oil Market:
In addition,the elements that triggers and restrict the growth of the United States Rice Bran Oil industry are mentioned and clarified in depth in this research study. It assists professionals in taking crucial business decisions to publicize their business. The study also scrutinize areas having potentialities for future market growth. It also provides information about emerging markets, profitable markets, static markets, declining markets, saturated markets or mature markets along with growth benefits.
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The Report serves as a valuable/profitable guide for the industry players and other individuals who are interested in studying the Rice Bran Oil market

Rice Flour Market in Europe 2017-2022 – Burapa Prosper, Rose Brand, Koda Farms , CHO HENG and Thai Flour Industry

The report titled “Europe Rice Flour Market” gives a proper understanding of Europe Rice Flour industry. Furthermore it also cover-up forecast and analysis for Rice Flour market in the Europe [ In Germany, UK, France, Russia, and Italy ]. The report analyses Rice Flour market on basis of its attractiveness and investment feasibility. It also presents proper description of every section and emerging Rice Flour industry trends. This will allow the readers to target Rice Flour market product specifications, current competitive players in Rice Flour market and the market revenue with profitability. This industry study evaluates Europe Rice Flour Market by its type, competitive players, regions and applications of Rice Flour market, forecast up to 2022.
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Europe Rice Flour Market Report scope is as follows:

This report analyses the scope of Rice Flour market. This can be achieved by using Rice Flour previous historical data, analysing qualitative insights in detail, provable projections about Europe Rice Flour market size. The projections showed in this Rice Flour report are taken from previously proved research methodologies and hypothesis. By performing such projections, the Rice Flour market research report serves as a storehouse of analysis, data and information for every aspect of the Rice Flour market in Europe.In order to help key decision makers, the Rice Flour report consists of competitive depicting of the leading players in Europe Rice Flour market, tempting investment plans, market positioning of crucial producers sections. Other thorough evaluation offered in the Rice Flour report consists of:

Key Players/Manufacturers Segment in Europe Rice Flour Market Report:

Burapa Prosper
Thai Flour Industry
Rose Brand
Koda Farms
Lieng Tong
Bob?s Red Mill Natural Foods
Pornkamon Rice Flour Mills
The Europe Rice Flour market is cut down into two sectors each type and application.

Application Segment Analysis in Europe Rice Flour Market Report:

Rice Noodle and Rice Pasta
Sweets and Desserts
Thickening Agent

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Rice Flour
Brown Rice Flour
Glutinous Rice Flour
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Favorable Media Coverage Somewhat Unlikely to Impact Amira Nature Foods (ANFI) Share Price

News stories about Amira Nature Foods (NYSE:ANFI) have been trending positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Amira Nature Foods earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.1921953764992 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

ANFI has been the subject of several research reports. Zacks Investment Research cut shares of Amira Nature Foods from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 15th. KeyCorp initiated coverage on shares of Amira Nature Foods in a research report on Wednesday, April 19th. They issued an “equal weight” rating for the company. Finally, ValuEngine cut shares of Amira Nature Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.85.
Shares of Amira Nature Foods (NYSE:ANFI) traded up 1.17% during midday trading on Friday, hitting $6.05. 69,698 shares of the stock traded hands. The company has a market cap of $219.14 million, a price-to-earnings ratio of 6.60 and a beta of -0.21. Amira Nature Foods has a 52-week low of $4.50 and a 52-week high of $8.99. The stock has a 50-day moving average of $5.57 and a 200-day moving average of $5.40.
About Amira Nature Foods
Amira Nature Foods Ltd is primarily engaged in the business of processing and selling packaged Indian specialty rice, primarily basmati rice and other food products. The Company sells Basmati rice and other specialty rice, under its Amira brand, as well as under other third-party brands. It also sells non-basmati rice.