Several policies in Pakatan's manifesto not feasible:
Shabery Cheek
Posted on 9 March 2018 - 03:44pm
Last updated on 9 March 2018 - 06:07pm
Last updated on 9 March 2018 - 06:07pm
G.Surach
newsdesk@thesundaily.com
newsdesk@thesundaily.com
CYBERJAYA: Several policies laid out in
Pakatan Harapan's newly released manifesto is not feasible, said Agriculture
and Agro-Based Industry Minister Datuk Seri Ahmad Shabery Cheek, today. Citing
the issue of better food security contained in the manifesto, Ahmad Shabery
said the Barisan Nasional-led federal government have been addressing the issue
throughout its administration."The ministry gives a huge emphasis to such
matters with our rankings among Asean countries, Malaysia is placed at number
two behind Singapore. "Singapore's food security would be higher than us
because they are not a food-producing country. They are not producing rice,
poultry or rearing cattle for beef among others."However, in comparison to
other food-producing countries in the region like Thailand, Indonesia and
Vietnam for instance, we are better off," he told reporters after
presenting the 2017 Excellent Service Awards to the ministry's staff at the
Cyberview Resort & Spa, here today.
He emphasised that food security
isn't just about stocking up rice but also overall food throughout the country
to ensure easier access for the rakyat.
Among other things contained in
the manifesto which he opined as debatable is the proposal to have an open
market, instead of having Padiberas Nasional Bhd (Bernas) as the present single
importer for rice in the country.
"This is a debatable
proposal, if the markets are opened to everyone, then the price of rice,
imported or local will start varying and if the imported rice turns out to be
cheaper it will surely affect the livelihood of over 250,000 paddy farmers in
the country.
"Their concept threatens the
farmer," he said.
His comments came after Pakatan
Harapan led by former premier Tun Dr Mahathir Mohamad released their manifesto
last night.
The
issue on enhancing better food security and addressing Bernas' monopoly is
listed as the tenth pledge contained in the manifesto.
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Trade war will have negative impact on Arkansas'
agricultural exports
This chart illustrates the impact
of tariffs on Arkansas agriculture.
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FAYETTEVILLE
– If trade partners inflict a 25 percent retaliatory tariff on U.S. soy, rice,
corn, and grain sorghum, Arkansas could take a $383 million hit in overall
value-added to its economy, according to an analysis released Thursday by
economists with the University of Arkansas System Division of Agriculture.
Also
Thursday, President Trump announced plans to impose import tariffs of 25
percent on steel and 10 percent on aluminum, with exemptions for Canada and
Mexico.
“Agriculture
in the United States is a potentially likely target for retaliation,” said Eric
Wailes, distinguished professor and L.C. Carter endowed chair of Agricultural
Economics and Agribusiness for the University of Arkansas System Division of
Agriculture. And “Arkansas is a major oilseed and grain exporter to China,
Canada, and Mexico among others.”
Wailes,
along with department colleagues Alvaro Durand-Morat, assistant professor of
agricultural economist; and technical assistant Leah English, prepared an
analysis of potential impact on rice, corn, soybeans and sorghum exports should
the U.S. implement trade tariffs.
“If
the value of Arkansas’ oilseed and grain sectors each fell by 14 percent the
result would be an output loss of $243.7 million in the oilseed farming sector
and $191 million in the grain farming sector,” Wailes said.
The
team said those losses could adversely affect Arkansas employment by around
4,438 jobs, reduce labor income by $261 million and reduce overall value-added
to the state economy by $383 million. The reduced crop production values are
relative to the 2017 preliminary no-tariff estimates reported by the National
Agricultural Statistics Service.
Here
is the analysis by commodity:
Rice
The
U.S. is fifth-largest exporter of rice in the world and exports an annual
average 3.4 million metric tons, or 54 percent of production. Arkansas accounts
for about 50 percent of the U.S. rice economy. Mexico, Japan and Canada are the
major export markets for U.S. rice. In their analysis, the economists assumed
that only Canada, South Korea, Mexico, Turkey, Japan, the European Union and
Taiwan would retaliate.
“Both
the U.S. long grain and medium grain rice markets stand to lose from the
retaliatory measures of the selected importing countries,” Durand-Morat said.
“We estimate total U.S. rice production and exports to drop 1.3 percent and 3
percent, respectively, and domestic consumption increases marginally, as a
result of the implementation of import tariffs on U.S. rice.”
The
total value of U.S. rice production would decrease by $151 million due to a
combination of lower producer prices and output. Rice producers’ welfare,
measured by the producer surplus, would decrease by $118 million. U.S.
consumers would benefit from the trade restrictions through lower prices,
increasing their welfare some $66 million.
Exports
to Mexico and Canada would decrease significantly, but the impact would be much
smaller in Japan because it already imposes high restrictions on rice imports.
Other customers such as Haiti and Colombia would also benefit from the decrease
in U.S. rice prices and expand their imports, which partially offsets the
decrease in trade with the countries imposing the retaliatory import tariff on
U.S. rice.
Soybeans
The
U.S. is a major exporter of soybeans with China being its biggest market. In
2016, Arkansas ranked No. 11 in share of U.S. soybean sales of nearly $1,592
billion, 3.8 percent of total U.S. soybean receipts. A 25 percent tariff would
result in a 14 percent loss of value and a 19 percent decline in export volume.
Between 2015 and 2017, the average volume of U.S. net soybean exports is 55.7
million metric tons or 49 percent of domestic production.
Corn
The
U.S. is also a major exporter of corn, with the largest markets being Mexico,
Japan, Colombia and South Korea. Arkansas ranks 19th among states in corn
production. The average volume of corn exports from the U.S. for 2015-2017 is
52.9 million metric tons or 14 percent of domestic production. A 25 percent
tariff would mean a 14 percent decline in value and a 44 percent loss in
exports.
Sorghum
The
U.S. is the major exporter of sorghum with most of the shipments sold to China.
The average volume of U.S. sorghum exports for the 2015-17 period is 7.12
million metric tons or 58 percent of domestic production. Among U.S. states,
Arkansas ranked ninth in value of sorghum production in 2016 at $17 million.
Using a similar model as for soybeans and corn, U.S. sorghum prices would
decline by 18 percent, while volume of exports would fall 12 percent.
Do higher U.S. tariffs on steel and aluminum mean less rice
exports?
Steel
and aluminum tariffs could hurt U.S. rice export market. Tariffs officially
announced Thursday.
President Trump may follow
through as early as today on last week's announcement that he will impose
import duties of 25 percent on steel and 10 percent on aluminum (see USA Rice
Daily, March 2, 2018). [Trump did announce steep tariffs Thursday
afternoon] Threats of retaliation have raised fears in U.S. agriculture because
farm exports are an easy target for foreign governments seeking to push back on
U.S. import restrictions. The European Union quickly issued a retaliation
list that targeted imports from the United States of steel, apparel, and
agriculture goods, including U.S. rice.
"The President is acting under authority of Section 232 of
the Trade Expansion Act of 1962 which allows for import restrictions for
national security reasons," said USA Rice COO Bob Cummings. Members
of Congress, private sector groups, and foreign governments have weighed in
urging restraint and, if imposing tariffs is warranted, to selectively apply
the duties to specific countries.
The EU has threatened to challenge the higher import duties in the World Trade Organization. "This is a little-used provision of U.S. trade law and questions about the policy objectives of higher import duties, and how and on which countries they will be applied has raised tremendous uncertainty which is not helpful to U.S. rice producers and exporters," said Cummings.
The EU is a 55,000 metric ton market for U.S. exporters, valued at $42 million. "We have worked for a decade to rebuild the EU market following the Liberty Link incident and have seen renewed interest and demand for U.S. rice in recent years. U.S. rice exports to the EU are already constrained by a complex and discriminatory system of quotas and duties, and any increase in tariffs would set back our progress," said Cummings.
Prospective market access could also be at risk. The United States and China signed a phytosanitary agreement last year that brought a new market for U.S. milled rice closer than at any point after more than a decade of effort. Negotiations continue on implementation in a difficult overall trade relationship.
"We are well aware of the challenges created by China's domestic and international trade policies," said Michael Rue, California producer and chairman of the USA Rice Asia Trade Policy Subcommittee. "Our response should be tailored while we continue a focus on expanding U.S. exports in this market."
Analysis by the University of Arkansas shows a decline in U.S. rice production and exports of 1.3 percent and 3 percent, respectively, if countries retaliate on imports of U.S. rice. "While the estimates do not appear large, any drop in production and exports goes right to the bottom line of producers, millers, and exporters," concluded Cummings.
The EU has threatened to challenge the higher import duties in the World Trade Organization. "This is a little-used provision of U.S. trade law and questions about the policy objectives of higher import duties, and how and on which countries they will be applied has raised tremendous uncertainty which is not helpful to U.S. rice producers and exporters," said Cummings.
The EU is a 55,000 metric ton market for U.S. exporters, valued at $42 million. "We have worked for a decade to rebuild the EU market following the Liberty Link incident and have seen renewed interest and demand for U.S. rice in recent years. U.S. rice exports to the EU are already constrained by a complex and discriminatory system of quotas and duties, and any increase in tariffs would set back our progress," said Cummings.
Prospective market access could also be at risk. The United States and China signed a phytosanitary agreement last year that brought a new market for U.S. milled rice closer than at any point after more than a decade of effort. Negotiations continue on implementation in a difficult overall trade relationship.
"We are well aware of the challenges created by China's domestic and international trade policies," said Michael Rue, California producer and chairman of the USA Rice Asia Trade Policy Subcommittee. "Our response should be tailored while we continue a focus on expanding U.S. exports in this market."
Analysis by the University of Arkansas shows a decline in U.S. rice production and exports of 1.3 percent and 3 percent, respectively, if countries retaliate on imports of U.S. rice. "While the estimates do not appear large, any drop in production and exports goes right to the bottom line of producers, millers, and exporters," concluded Cummings.
India
rice rates up on steady demand; stronger baht props up Thai rates
BENGALURU (Reuters) - Rice prices
rose in top exporter India this week on healthy demand amid lower supplies,
while gains in the local currency and prospects of a deal with the Philippines
pushed up rates for the staple grain in Thailand.
A
woman spreads paddy crop for drying at a rice mill on the occasion of
International Women's Day, on the outskirts of Agartala, March 8, 2018.
REUTERS/Jayanta Dey/Files
India’s
5 percent broken parboiled rice prices rose by $3 per tonne to $422-$426,
the second straight week of gains.
“Inquiries
are rising from African countries. Asian buyers are also showing interest,”
said an exporter based in Kakinada in the southern state of Andhra Pradesh.
Supplies
are falling, forcing exporters to quote higher prices, said another exporter
also based in Kakinada.
India’s
non basmati rice exports during April-December jumped 39.5 percent from a year
ago as Bangladesh and Benin raised purchases.
Meanwhile,
demand for the grain from Bangladesh, which has emerged as a major rice
importer since 2017 after floods damaged its crops, would stay strong for the
next few months, given the high domestic rates, an official with the food
ministry in Bangladesh said on Thursday.
In
Thailand, benchmark 5 percent broken rice rates climbed to $408-$410 per
tonne, free on board (FOB) Bangkok, from $395-$400 last week, amid a stronger
baht and hopes of a prospective deal with the Philippines.
Speculation
is rife that the Philippines will hold an auction later this month to import
250,000 tonnes and many Thai exporters are interested in this deal, a trader
said.
“The
fluctuation in prices at the moment depends on the currency exchange rate only
because there’s no actual demand,” a Bangkok-based rice trader said.
The
baht was on track for its second straight week of gains. [EMRG/FRX] A stronger
baht translates to higher export prices in U.S. dollars.
“Many
exporters have (also) been buying rice now because of low prices recently,” the
trader added.
Prices
rose in Vietnam as well, with rates for its 5 percent broken variety gaining to
$418-$425 a tonne from $410-$415 a week earlier as farmers pinned their hopes
on new government-to-government deals, even though shipments out of the country
were falling.
“We are having difficulty clinching new deals
with buyers, as Vietnamese prices are relatively higher now,” said a Ho Chi
Minh City-based trader, adding buyers were seeking $405-$408.
Vietnam
exported 339,706 tonnes of rice in February, down 31 percent from January, but
exports in the first two months 2018 rose 13.2 percent from a year earlier to
831,504 tonnes, customs data showed.
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March 9, 2018
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Bug Breeding In Floodplains Meant To Help Salmon Food Supply
KNIGHTS LANDING (CBS13) — An
effort is underway to beef up California’s salmon.
A group of UC Davis scientists is
partnering with the conservation group California Trout to grow bugs in
floodplains to feed salmon.
The scientists say rivers in
California don’t provide much food for salmon, which they say are already on
the brink of extinction.
Levees are separating salmon from their traditional food source, and the group of scientists is now working to bridge that gap.
Levees are separating salmon from their traditional food source, and the group of scientists is now working to bridge that gap.
“We can’t get the fish from the
river to the rice fields, but we are able to get the food in the rice fields to
the fish,” said Carson Jeffres, an aquatic biologist at UC Davis who launched
the project.
It was an idea in the works for
about two decades, to help a nearly extinct population of salmon.
Now Jeffres and his group of
scientists are applying it at River Garden Farms in Knights Landing.
“Bugs are the base of the food
chain, the bugs are what make fish,” says Jacob Katz, lead scientist at
California Trout.
The bugs, called water fleas, are
planted in rice fields to mimic floodplains where salmon traditionally went to
get their fish food.
Jeffres and Katz have spawned water fleas for the past few years.
They reproduce by the millions each day.
Jeffres and Katz have spawned water fleas for the past few years.
They reproduce by the millions each day.
“At the drain of the field, we
just pull the plug, and the whole field drains into a canal which then leads to
the river,” said Jeffres.
The fish food then flows into the
Sacramento River where salmon can feed.
Both Jeffres and Katz say the
results so far are striking.
“They’re robust, they’re strong,
they have shoulders and a belly, they’ve packed their lunch, they’re ready for
that long journey to the ocean, and they have a much better likelihood of
surviving,” Katz added.
Surviving and reproducing and
hopefully avoiding extinction.
For now, the bug-hunting duo is holding their breath.
For now, the bug-hunting duo is holding their breath.
“We are really making a system
that makes a much brighter future for California, for people, and for fish.”
So far about a handful of farmers
around the Sacramento region have opened up their rice fields to grow bugs.
Jeffres and Katz say they hope the movement will spread
throughout the state.
|
Do
Higher U.S. Tariffs on Steel and Aluminum Mean Less Rice Exports?
WASHINGTON
DC -- President Trump may follow through as early as today on last week's
announcement that he will impose import duties of 25 percent on steel and 10
percent on aluminum (see USA Rice Daily, March 2, 2018). Threats of
retaliation have raised fears in U.S. agriculture because farm exports are an
easy target for foreign governments seeking to push back on U.S. import
restrictions. The European Union quickly issued a retaliation list that
targeted imports from the United States of steel, apparel, and agriculture
goods, including U.S. rice.
"The President is acting under authority of Section 232 of the Trade Expansion Act of 1962 which allows for import restrictions for national security reasons," said USA Rice COO Bob Cummings. Members of Congress, private sector groups, and foreign governments have weighed in urging restraint and, if imposing tariffs is warranted, to selectively apply the duties to specific countries. The EU has threatened to challenge the higher import duties in the World Trade Organization. "This is a little-used provision of U.S. trade law and questions about the policy objectives of higher import duties, and how and on which countries they will be applied has raised tremendous uncertainty which is not helpful to U.S. rice producers and exporters," said Cummings. The EU is a 55,000 metric ton market for U.S. exporters, valued at $42 million. "We have worked for a decade to rebuild the EU market following the Liberty Link incident and have seen renewed interest and demand for U.S. rice in recent years. U.S. rice exports to the EU are already constrained by a complex and discriminatory system of quotas and duties, and any increase in tariffs would set back our progress," said Cummings. Prospective market access could also be at risk. The United States and China signed a phytosanitary agreement last year that brought a new market for U.S. milled rice closer than at any point after more than a decade of effort. Negotiations continue on implementation in a difficult overall trade relationship. "We are well aware of the challenges created by China's domestic and international trade policies," said Michael Rue, California producer and chairman of the USA Rice Asia Trade Policy Subcommittee. "Our response should be tailored while we continue a focus on expanding U.S. exports in this market." Analysis by the University of Arkansas shows a decline in U.S. rice production and exports of 1.3 percent and 3 percent, respectively, if countries retaliate on imports of U.S. rice. "While the estimates do not appear large, any drop in production and exports goes right to the bottom line of producers, millers, and exporters," concluded Cummings. |
|
WASDE
Report Released
WASHINGTON, DC -- The 2017/18 U.S. rice supply and use estimates are unchanged relative to last month. The projected season-average farm price (SAFP) for all rice classes are unchanged at the midpoint. The SAFP for all rice is $12.50 per cwt at the midpoint of the range of $12.10 to $12.90. Global 2017/18 rice production is raised to a new record of 486.3 million tons, fractionally surpassing last year's record. Almost all of the production increase is for India, where production is raised to 110 million tons, based on the India government updated data for 2017/18. The increase in India's production more than offsets a reduction in Sri Lanka, where production is now below average for the second consecutive year. Global 2017/18 trade is raised to a record 47.3 million tons, mainly on higher exports expected from India with greater exportable supplies. World ending stocks are projected increasing to 143.1 million tons for 2017/18, which would match the second highest on record. China now holds over 66 percent of total stocks. Read the full report here. |
Simplify GMOs for public – former Dept. Minister tells scientists
Source: Ghana|Myjoyonline.com | Joseph Opoku-Gakpo | Joy News
Date: 08-03-2018 Time: 03:03:09:pm
A former Deputy Agric Minister has
urged scientists to simplify the issue of Genetically Modified Organism (GMO)
technology for ordinary members of the public to properly understand.Dr Ahmed
Alhassan Yakubu said this is the only way to get Ghanaians to embrace the
GMO technology which he describes as a good one, and avoid the negative
perception that it is bad for the country.“The scientific community must wake
up to that call of simplifying science for the consumption of ordinary people
who do not necessarily have a scientific background,” he said.He said this
after the public screening of science movie Food Evolution at the Silver
Bird Cinema in Accra, organized by civil society group Alliance for
Science Ghana.
Directed by American Academy
Award-nominated director Scott Hamilton Kennedy and narrated by science
communicator Neil deGrasse Tyson, 'Food Evolution' explores the polarized
debate that the introduction of genetically modified organisms (GMOs) into the
world’s food chain has generated over the years.
It discusses the critical role
science and innovation play in building a safe, nutritious, and sustainable
food supply for everyone, as the world’s population rises to an estimated
population of nine billion by 2050.
“I agree that the demand for
science to be simplified for everyday understanding is a legitimate demand,
particularly that people in society are now more conscious about what product
they consume and, therefore, they will always be ready to ask questions,” Dr
Alhassan said.
He insisted that GMOs are nothing
harmful and would play a major role in helping transform Ghana’s agricultural
sector.
Chairman of Alliance for Science
Ghana John Awuku Dziwornu who also participated in the panel discussion said
farmers in the country including himself are eagerly awaiting the
commercialisation of GMOs to help resolve the challenges they face in their
work.
“We can’t wait to have them,” he
said.
Ghana Country Coordinator of the
Open Forum on Agricultural Biotechnology (OFAB) Dr. Richard Ampadu, former
Director General of the Council for Scientific and Industrial Research (CSIR)
Prof. Walter Alhassan, and Daniel Osei Ofosu of the Programs for Biosafety
Systems all advocated the introduction of GMOs into Ghana saying they hold the
key to food production.
GMOs are crops produced from seeds
which have been altered genetically to introduce desired traits like pest
resistance and drought tolerance from other living organisms.
Following the passage of the
Biosafety Act by Parliament in 2011, the Council for Scientific and Industrial
Research (CSIR) has been undertaking field trials for GM cotton, cowpea and
rice to allow for their introduction in the country.
Some civil society groups have
kicked against the plans but the scientists say the technology is only an
advanced form of plant breeding procedures that will pose no health nor
socio-economic harm to the country.
More than 250 people participated
in the screening of the movie including members of the International
Association of Students in Agriculture and Related Sciences (IAAS) of the
University of Ghana.
Some
of the participants who spoke after the screening described the movie as an
educative piece that needs to be seen by a lot more people so they can
understand the issues driving the GMO debate.
https://www.myjoyonline.com/news/2018/march-8th/simplify-gmos-for-public-former-dept-minister-tells-scientists.phphttps://www.myjoyonline.com/news/2018/march-8th/simplify-gmos-for-public-former-dept-minister-tells-scientists.php
Kebbi farmers cultivate 400,000 hectares of rice, says Bagudu
Governor Abubakar Bagudu of Kebbi State
Okechukwu Nnodim, Abuja
No fewer than 200,000 farmers now grow rice
on over 400,000 hectares of land in Kebbi State, the state government has said.
The Governor of Kebbi State, Abubakar
Bagudu, recently said that the number of farmers cultivating rice in state had
continued to grow.
He also called for greater lending to those
in the agriculture, stressing that if the Federal Government through the
Nigerian National Petroleum Corporation could spend billions of naira on petrol
subsidy, it should be willing to spend massively on the development of
agriculture in Nigeria.
The governor said it was gratifying to note
that Kebbi State’s contribution to rice production in Nigeria had significantly
helped the country in cutting down the massive importation of rice.
He noted that Nigeria’s rice import had
dropped by over 90 per cent, adding that although much income was not generated
by the state through rice production, many farmers of the commodity across the
state had been financially empowered.
Bagudu said, “It is heart-warming for us to
know that we are able to create wealth for rice farmers and that as a result of
the production of rice in Kebbi, Nigeria has been able to reduce its
importation of rice by over 90 per cent. This is good news and it shows that a
lot of people in not just Kebbi State are now producing rice and very soon, we
will start exporting the commodity.
“In Kebbi, there are farmers who are under
the Central Bank of Nigeria Anchor Borrowers programme. We also have those who
work for private companies. A large number of farmers numbering about 200,000
are into rice production in our state and they now cultivate on not less than
400,000 hectares of land across the state.”
Calling for greater investment in
agriculture, Bagudu stated that N54bn was the total amount made available for
the rice revolution programme by the CBN, while about N4tn was used by the
Asset Management Corporation of Nigeria to save the banking sector some years
back.
“So for the fact that N54bn was used for
rice revolution and we have this kind of impact, you will agree with me that it
is something commendable. It therefore means that we need massive investment in
agriculture and greater lending should be channelled to this sector,” he said.
The governor added, “Countries that achieved
food sufficiency spent decades supporting agriculture and subsidising inputs
for farmers, among other forms of support. So, it is important we look for
better ways to support this sector for the greater good of all.”
Earlier, the state’s Commissioner for
Agriculture, Mohammed Dandiga, also said over 200,000 farmers were involved in
the cultivation of rice across the 16 local government areas in Kebbi.
He said, “For us, this is something very
important, considering the impact which it has on wealth creation for these
farmers, particularly since the past two years.
“We are working hard to increase the
participation of others who are interested in agriculture because we now have
off-takers. Nigerian rice is now the preferred choice, unlike what it used to
be in the past and this is because we now have standard rice mills in Kebbi and
some other parts of the country.”
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Contact: theeditor@punchng.com
Senate urges
regulatory agencies to check rice smuggling
March 9, 2018
The Senate Committee on Customs,
Excise and Tariff, Sen. Hope Uzodinma, has called on relevant agencies of the
government to check rice smuggling to enhance Nigerian economic development.
Uzodinma made the call during the
committee’s meeting with the Minister of State for Agriculture, Heineken
Lokpobiri, and beneficiaries of rice importation waivers/concessions on
Thursday, in Abuja.
He noted that the committee was
mandated by the Senate to identify those behind rice smuggling and by the end
of the investigation the committee would submit its report to the Senate.
“We have identified the various
identities of these people and we will submit the report to the senate in
plenary.
“The senate will take the
decision on how best to stop those people because it has affected negatively
the growth of our economy and the growth of genuine business activities.
The lawmaker said the activities
of the smugglers had hindered economic growth, calling on the government to
stop the menace.
“What is startling is that these
people are in all the sectors of the economy.
“If we continue this way it means
that at the end of the day, we will be left with no economy at all and
unemployment will continue to swell.
“So the government must take
courage to bring these people to book and curb the excesses of these people and
ensure there is genuine economic growth and business activity in the country.”
Responding, Lokpobiri said a lot
of jobs and trillions of naira were lost as a result of smuggling.
“You cannot actually quantify
what we are losing. We must do everything humanly possible to promote local
production and milling of rice.
“We are now producing over 17
million metric tonnes of paddy (rice as harvested from the fields, and before
it is milled) as against the 7 million metric tonnes produced when we came into
government.
“We are still improving on the
capacity of rice milling. As government is interested in protecting our
farmers: we will do everything legally possible “about smuggling of the
commodity.
The minister said the 2014 policy
with regards to rice production was meant to encourage local industries to go
into rice milling.
According to the minister, rice
smuggling is an infraction to the policy.
“The policy then was that if you
have a rice mill in Nigeria, you will be given some quota to import rice to be
able to cover the gap that existed between the local production and local
consumption.
“And if you import rice as a rice
miller you are going to pay 10 per cent duty and then 20 per cent levy.
“But the policy was also extended
to rice traders who were given quota to import rice and their own was 10 per
cent duty and 60 per cent levy.
“The list of companies that you
directed us to come with were the companies that benefited from that policy but
there were infractions,” he said.
Consumer confidence takes a turn for the worse
- 9 Mar 2018
at 04:00 1
- NEWSPAPER
SECTION: BUSINESS
| WRITER: PHUSADEE
ARUNMAS
According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), February's consumer confidence index stood at 79.3, down from 80 in January, which was a three-year high.
"In February, people were concerned about farm commodity prices, particularly for rice, rubber, tapioca and maize," said Thanavath Phonvichai, vice-president for research at the UTCC. "Some people also thought a minimum wage hike could slow economic growth. With higher costs, companies might seek to replace workers with technology, resulting in job losses."
Mr Thanavath said falling consumer confidence
also shows Thailand's economic growth remains uneven, failing to help certain
sectors. For instance, higher rice prices are benefiting only millers, not
farmers, he said.
More importantly, people were worried about political stability after
the military government postponed the sought-after general election to February
next year."The fall is a bit surprising given the emergence of positive factors such as export growth and rising economic figures," said Mr Thanavath.
"Most consumers felt their income had yet to cover the higher costs of living, while government funds were not yet distributed to low-income people, with only some business segments benefiting."
The Commerce Ministry reported last month the country's customs-cleared exports rose 17.6% year-on-year in January to US$20.1 billion, the highest increase in 62 months.
The export surge was led by cars and parts, computers and parts, rubber products, plastic pellets, chemicals, finished oil, electrical circuits, machinery and parts, and steel and steel products.
Imports in January surged 24.3% from a year earlier to $20.2 billion (631 billion baht), resulting in a trade deficit of $119 million in January.
The Commerce Ministry said demand from key markets remained strong, while the baht's strength had scant impact on shipments.
Exports rose to all major markets, especially South Asia, where shipments surged 26.1% year-on-year last month.
Also seeing strong growth were exports to Japan (up 26.3%), the US (11.3%), the EU (8.9%), Asean (14.3%) and Cambodia, Laos, Myanmar and Vietnam (18.4%).
Shipments to Australia, the Middle East, Africa and the Commonwealth of Independent States also grew.
Exports of agricultural and agro-industrial products rose for the 15th straight month in January, up 16.2% year-on-year to $2.86 billion, led by rice, tapioca products, sugar, frozen poultry, and frozen and canned seafood.
The government's planning unit forecast Thailand's exports would grow 6.8% this year against 9.7% growth in 2017 and a marginal 0.1% increase in 2016.
This year's private consumption is forecast to grow on par with last year's rate of 3.2%, up from 3% in 2016.
The state planning agency predicts Thailand's economic growth in a range of 3.6-4.6% this year, compared with 3.9% in 2017 and 3.3% in 2016.
"Spending could improve in the second half, if there is a more broad-based economic recovery in the second quarter and consumers have more confidence in the political situation," said Mr Thanavath.
https://www.today.ng/news/nigeria/94732/senate-urges-regulatory-agencies-check-rice-smuggling
Vigilance officials raid rice mill and PDS rice stock
point
·
| Friday |
9th March, 2018
VISAKHAPATNAM: The officials of
Vigilance and Enforcement wing of the district conducted raids at a rice mill
and a stock point of public distribution system PDS ) rice in the district on
Friday.The sleuths sealed a rice mill named Sri Saio Seetha Traders Rice Mill
at Theruvupalli village in Rambilli mandal and an illegal PDS rice stock point
at Gorli Dhramavaram village in Atchutapuram mandal in the district.The
Vigilance team, under the guidance of SP (vigilance wing) D Koteswara Rao,
conducted raides with Inspector Srinivasa Rao, Tahesildar Sumabala and civil
supplies officials.They also seized a Bolero vehicle along with 12 tonnes of
PDS rice worth Rs 5 lakh during the operation.The officials booked the rice
mill owner S Babu Rao and illegal stock point holder Nagaraju under Section 6A
of the Essential Commodities Act
VISAKHAPATNAM:
The officials of Vigilance and Enforcement wing of the district conducted raids
at a rice mill and a stock point of public distribution system PDS ) rice in
the district on Friday.The sleuths sealed a rice mill named Sri Saio Seetha
Traders Rice Mill at Theruvupalli village in Rambilli mandal and an illegal PDS
rice stock point at Gorli Dhramavaram village in Atchutapuram mandal in the
district.The Vigilance team, under the guidance of SP (vigilance wing) D
Koteswara Rao, conducted raides with Inspector Srinivasa Rao, Tahesildar
Sumabala and civil supplies officials.They also seized a Bolero vehicle along
with 12 tonnes of PDS rice worth Rs 5 lakh during the operation.The officials
booked the rice mill owner S Babu Rao and illegal stock point holder Nagaraju
under Section 6A of the Essential Commodities Act.
https://www.nyoooz.com/news/visakhapatnam/1052377/vigilance-officials-raid-rice-mill-and-pds-rice-stock-point/
In Ecija, grains fit for pets snapped by
buyers amid price hike
Philippine Daily Inquirer / 06:35 AM March 09,
2018
SCIENCE CITY
OF MUÑOZ—Cheap rice, often bought to feed pets like dogs, has been sufficient
for poor families who cannot cope with spiraling rice prices in the market, due
to the absence of National Food Authority (NFA) supply.
Broken
grains
NFA
distributes rice to stabilize prices but the agency is waiting for imported
rice to arrive in June before it could release stocks to the market.
“Sorter”
rice, so called because it is made up of whole, broken and chalky grains
gathered at the end of the milling process, is sold for P27 a kilogram in most
stalls here. Rice millers use a color sorter machine that removes milled grains
with defects and impurities.
These
cheaper stocks occasionally need more cleaning because these come with “sweepings,
seeds of weeds, some small stones and ‘kala’ (yellowish grains),” according to
a local retailer, who asked not to be named.
“Sorter rice
used to be bought only by rich buyers, but is now fed to their pet animals like
dogs. But it is fit for human consumption,” the retailer said.
Prices soar
Those who
buy NFA rice have become sorter rice consumers since January when the agency
stopped distributing their allocations to retailers.
Retailers
get 15 bags (each weighing 50 kg) of sorter rice each week. Bought at P25 a kg,
retailers sell each bag with a P2 markup.
Since the
third week of February, wholesale prices of rice have increased from P36.90 to
P40.33 a kg, while retail prices for well-milled rice have climbed from P39.31
to P43.10 a kg, according to the Philippine Statistics Authority. It said
prices of commercial rice increased by at least 20 percent since the first week
of January.
NFA allocations here were cut from 20 bags
a week to five bags in December 2017 and were suspended in the early weeks of January.
—ANSELMO ROQUE
http://newsinfo.inquirer.net/973911/in-ecija-grains-fit-for-pets-snapped-by-buyers-amid-price-hike#ixzz59FUGNL6q
Short-Grain Rice Seed Market
Overview, Growth, Demand And Forecast Research Report To 2022
Short-Grain Rice Seed
Market Report provides current scenario,
opportunities, restraints, drivers and the growth forecasts of the market for
2018-2022. The Short-Grain Rice Seed industry report firstly announced the
Short-Grain Rice Seed Market fundamentals: definitions, classifications,
applications and market overview; product specifications; manufacturing processes;
cost structures, raw materials and so on.
The Short-Grain Rice Seed Market
Report offers an inclusive and decision-making
overview, including definitions, classifications and its applications. And is anticipated to reflect a positive growth trend in forthcoming
years as well.
Global Short-Grain Rice Seed
market competition by top manufacturers/players, with Short-Grain Rice Seed sales
volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including: Company 1;
Some of major points covered in
TOC:
Introduction of Short-Grain Rice
Seed Market: Brief Introduction, development
status of Short-Grain Rice Seed.
Manufacturing Technology of
Short-Grain Rice Seed: Development, Analysis, Trends of
Short-Grain Rice Seed
Analysis of Global Key
Manufacturers: Company, Company Profile, Product
Information, Production Information, Contact Information
2012-2017 Global and Chinese
Market of Short-Grain Rice Seed: Global Capacity, Production and
Production Value of Short-Grain Rice Seed Industry, Cost and Profit, Market
Comparison, Supply and Consumption, Import and Export.
Market Status of Short-Grain Rice
Seed Industry: Market Competition by Company,
Market Competition by Country (USA, EU, Japan, Chinese etc.), Market Analysis
of Short-Grain Rice Seed Consumption by Application/Type
2017-2022 Market Forecast of
Global and Chinese Short-Grain Rice Seed Market:Capacity, Production, and Production Value, Cost and Profit
Estimation, Market Share, Supply and Consumption, Import and Export
Analysis of Short-Grain Rice Seed
Market Chain: Industry Chain Structure,
Upstream Raw Materials, Downstream Industry
Market Dynamics of Short-Grain
Rice Seed Industry: Industry News, Development
Challenges & Opportunities
Proposals for New Project: Market Entry Strategies, Countermeasures of Economic Impact,
Marketing Channels, Feasibility Studies of New Project Investment
On the basis of Product Type, Short-Grain Rice Seed
market report displays the production, revenue, price, market share and
growth rate of each type, primarily split into: Type 1;
On the basis on the end users/applications, Short-Grain Rice Seed market
report focuses on the status and outlook for major applications/end users,
sales volume, market share and growth rate for each application, including: Application 1;
Market Effect Factors Analysis:
Technology Progress/Risk: Substitutes Threat,
Technology Progress in Related Industry. Consumer Needs/Customer
Preference Change. Economic/Political Environmental Change. Short-Grain Rice
Seed Market Segment by Countries: North America (United States, Canada and Mexico), Asia-Pacific (China, Japan, Southeast
Asia, India and Korea), Europe (Germany, UK, France, Italy and Russia etc., South America (Brazil, Chile, Peru and
Argentina), Middle East and Africa (Egypt, South Africa, Saudi Arabia), And More… In the end, Short-Grain Rice Seed Market report elaborates Manufacture Analysis using Capacity,
Production, Revenue, Price, Cost and Gross Margin Comparative Analysis by major
Manufacture.
https://factsweek.com/245140/short-grain-rice-seed-market-overview-growth-demand-and-forecast-research-report-to-2022/CM to open harvest festival
KANHANGAD, MARCH
08, 2018 23:05 IST
Rice from the fete will feed
those attending Vayanattukulavan Theyyam
The four-day Vayanattukulavan
Theyyam Festival will begin at Kanhangad on May 3.
Chief Minister Pinarayi Vijayan
will inaugurate a harvest festival at the Thulichery paddy fields here organised
in connection with the event on March 11.
The rice from the paddy fields
will be used to feed the faithful attending the Theyyam festival organised by
the Kottachery Pattarakanni Raashi Devasthanam, organising committee chairman
K. Venurajan Nambiar told the media here.
The committee had sought
assistance of the Krishi Vigyan Kendra, Agriculture Department, and the Central
Plantation Crops Research Institute (CPCRI) to ensure the availability of
vegetables and other items to feed the faithful expected to turn up for the
event.
Interestingly, paddy cultivation
was taken up on the 22-acre Thulichery paddy fields that had been left fallow
for over 22 years.
The committee anticipates a
harvest of 40 quintals of paddy, which is expected to yield 20 quintals of
rice. The organisers are hopeful of selling the surplus 10 quintals rice after
meeting the requirements of the festival.
Buoyed by the guidance and
financial support of ₹3 lakh offered by the Agriculture Department and the CPCRI, the
committee, under the aegis of the devasthanam, has decided to cultivate the
paddy field, owned by 22 individuals, every year
Agriculture Minister V.S. Sunil
Kumar inaugurated the sowing of the field on November 6 last year. Hybrid
“Shreya” rice variety developed by the Moncompu Rice Research Station was used
in the cultivation.
CPCRI Director P. Chowdappa,
Kanhangad municipal chairman V.V. Rameshan, and Ajanur grama panchayat
president P. Damodaran will attend the harvest festival, which will be presided
over by Revenue Minister E. Chandrasekharan.
http://www.thehindu.com/news/national/kerala/cm-to-open-harvest-festival/article22986988.ece
Basmati Rice market Research
Report Released with growth, latest trends & forecasts till 2022
March
8, 2018
Questale has just released a
comprehensive market research report for Basmati Rice Market. This
report focuses on top players in global market, with production, price, revenue
and market share for each manufacturer, covering , and .
“This report is a professional
account, which gives thorough knowledge along with complete details pertaining
to Basmati Rice Market. The research experts have evaluated the general sales of
Basmati Rice Market and its revenue generation. Furthermore, it also gives
extensive study of root market trends and many governing elements along with
improvements in the market in every segment., it contains diverse profiles of
key market players such as , and .” – said a Spokesperson with Questale.
You can get free access to
samples from the report here: https://questale.com/report/basmati-rice-market-report-by-company-regions-types-and-applications-global-status-and-forecast-to-2025/266744
The potential of the products has
been rigorously tested in conjunction with the key market challenges. The
existing condition of the market and future prospects of this segment has also
been studied. Furthermore, key market strategies, which include product
developments, scope of product, and market strategies are also discussed. It
constitutes quantitative and qualitative evaluation by industry experts,
assistance from industry analysts, and first-hand data.
This research report for Basmati
Rice Market explore different topics such as product scope, product
market by end users or application, product market by region, market size for
the specific product, sales and revenue by region, manufacturing cost analysis,
Industrial Chain, Sourcing Strategy and Downstream Buyers, Market Effect Factors
Analysis, market size forecast, and more. The research gives a forecast for the Basmati Rice industry till the year 2022.
The research experts have
evaluated the general sales of Basmati Rice Market and its revenue generation.
Furthermore, it also gives extensive study of root market trends and many
governing elements along with improvements in the market in every segment.
Furthermore, it contains diverse profiles of key market players.
Mazor countries have a very crucial role in the global market and the latest report for Basmati Rice Market study the status of development and future trends in China, Japan, South Korea, Taiwan, India, Southeast Asia & Australia. The report also splits the products by applications and by type to deeply and fully research and disclose the market situation and future prediction.
https://tokenfolks.com/basmati-rice-market-research-report-released-with-growth-latest-trends-forecasts-till-2022/35335/Mazor countries have a very crucial role in the global market and the latest report for Basmati Rice Market study the status of development and future trends in China, Japan, South Korea, Taiwan, India, Southeast Asia & Australia. The report also splits the products by applications and by type to deeply and fully research and disclose the market situation and future prediction.
CERN, Largest Super-Collider,
Suffering Massive Explosion Is Fake News
CERN, the European Organization for Nuclear Research, suffering a
massive explosion is fake news. There is no truth to a report that a large explosion occurred at one of the
world’s largest and most respected centres for scientific research. CERN’s
business is fundamental physics in that their research looks to find out what
the Universe is made of and how it works.
Where did the fake news originate? SomeonesBones published
the fake news article on
March 6, 2018, reporting that CERN suffered a massive explosion. You can read
the fake news below.
Last Tuesday, an experiment gone
awry killed three scientists and caused catastrophic damage to the planet’s
largest super-collider, known as project CERN, a nefarious coalition of
politically controlled scientists eager to subvert scientific achievements in
the name of furthering ominous ventures that threaten humanity.
Dr. Ravi Mutnaj, a New Delhi based physicist formerly attached to
CERN, said the incident occurred when scientists tried to enhance the
collider’s magnetic coils by adding an additional eighteen hundred super
magnets to the existing ninety-six hundred. The combined pull of the magnets,
in conjunction with nine thousand filaments of magnetized cable, generate a
force over 100,000 times more powerful than the gravitational pull of Earth.
Dr. Mutnaj said the accident occurred as the scientists attempted to create an
interdiminsial gateway–or portal–to a parallel universe. As protons fired
across a seventeen-mile circular track six hundred feet beneath the ground, he
said, temperatures rose to unprecedented levels, which caused a cascading
system failure and a detonation that instantly obliterated a five mile stretch
of the track and incinerated the trio of scientists working on the project.
However, there is no truth to the above story. For one thing,
there has been on legitimate news coverage of
such an explosion occurring at CERN. You will also not find any mention of this
alleged explosion in any recent press releases from CERN
or on its Twitter account.
Maarten Schenk of Lead Stories
noted the following inaccuracies with the above story. His
research explained that the fake news gets wrong the fact that there is no
“project CERN.” While operating the largest particle collider in the world,
CERN’s collider is known as the Large Hadron Collider (LHC).
The LHC first started up on Sept. 10, 2008, and remains the latest
addition to CERN’s accelerator complex. The LHC consists of a 27-kilometer ring
of superconducting
magnets with a number of accelerating structures to boost the
energy of the particles along the way.
Lead Stories found an error in the story’s mention of the LHC
being 600 feet when in fact the collider sits between 150 to 450 feet underground.
Finally, Lead Stories noted how it is suspicious that there is a lack of
reference to “Dr. Ravi Mutnaj” in a search on Google Scholar for
his name.
Recently, CERN announced that a project
called PUMA (antiProton Unstable Matter Annihilation) aims to transport
antimatter from one CERN facility to another in order to investigate exotic
nuclear phenomena. Antimatter vanishes instantly when it meets matter.
Nonetheless, people were still fooled by this fake news and shared
it on social media to further help spread the confusion. Here are some examples
of people sharing the fake news on social media.
https://www.business2community.com/world-news/cern-largest-super-collider-suffering-massive-explosion-fake-news-02027657https://www.business2community.com/world-news/cern-largest-super-collider-suffering-massive-explosion-fake-news-02027657
JICA, DOTR to beef up PH capacity on railway management
March 8, 2018, 10:00 PM
DOTr Secretary Arthur Tugade (left) and JICA Senior
Representative Tetsuya Yamada show the signed Record of Discussion for a
technical cooperation project to beef up the country’s human resources capacity
on railway management.The Japan International Cooperation Agency (JICA) and
Department of Transportation (DOTR) are teaming up to build a Philippine
Railway Institute (PRI) as part of the Philippine government’s move to beef up
the country’s human resources capacity on railway management.
This developed as JICA and DOTR
signed the Record of Discussion (RD) for a new technical cooperation project.
The project will begin April,
2018 until March, 2023 and includes capacity building and dispatch of 26
experts from Japan.
The PRI, once established will be
the country’s first professional body that will handle human resource
development, and research on the country’s expanding railway systems, a
component of the Build, Build, Build agenda that aims to sustain the
Philippines’ economic growth.
“JICA welcomes the opportunity to
assist the Philippines in promoting seamless mobility and sustainable
development that will benefit many Filipinos. Through this project with DOTR,
Japanese experts can help train personnel and develop curriculum on railway
operations and management,” said JICA Senior Representative Tetsuya Yamada.
The PRI project will be located
in the depot of the Metro Manila Subway Project in Valenzuela City.
Under the project, DOTR will be
working with the Technical Education and Skills Development Authority (TESDA),
railway operators, and Japanese experts in developing curriculum and training
trainers for the institute.
Already, a high level Philippine
delegation led by the transport chief visited the Tokyo Metro’s training center
in Japan. Said facility is one of the most sophisticated human resource
development centers for Japan’s railway sector.
Philippine President Rodrigo
Duterte approved the Metro Manila Subway, another JICA-assisted transport
infrastructure project, last year as part of the government’s investments in
transport infrastructure. Also, Japan Ambassador to the Philippines Koji Haneda
and Philippine Foreign Affairs Secretary Peter Cayetano signed the Exchange of
Notes on the project in the presence of Japan Prime Minister Shinzo Abe and
Duterte as part of the two countries’ bilateral agreement in the ASEAN Summit
in Manila last November.
JICA is also assisting the
Philippines for its new elevated railway connecting Malolos, Bulacan, and
Tutuban, Manila under the US$2B North-South Commuter Railway Project, the first
biggest Official Development Assistance (ODA) loan given by Japan to a partner
nation.
This is not the first time that
JICA is assisting the Philippines’ institutional capacity. Since the 1960s,
JICA has helped train personnel and build centers including the Philippine Rice
Research Institute (PhilRice), Philippine Coast Guard (PCG), National Maritime
Polytechnic Training Center, UP Information Technology Development Center, and
National Center for Transportation Studies among others.
https://business.mb.com.ph/2018/03/08/jica-dotr-to-beef-up-ph-capacity-on-railway-management/
New Report Provides 2011-2018 Overview of Global Rice Market
March
8, 2018
Questale has just released a
comprehensive market research report for Global Rice Market. This
report focuses on top players in global market, with production, price, revenue
and market share for each manufacturer, covering Asia Golden Rice, Capital Rice
Groupand Thanasan Group.
“This report is a professional
account, which gives thorough knowledge along with complete details pertaining
to Global Rice Market. The research experts have evaluated the general sales of
Global Rice Market and its revenue generation. Furthermore, it also gives
extensive study of root market trends and many governing elements along with
improvements in the market in every segment., it contains diverse profiles of
key market players such as Asia Golden Rice, Capital Rice Groupand Thanasan
Group.” – said a Spokesperson with Questale.
You can get free access to
samples from the report here: https://questale.com/report/global-rice-market-research-report-2018/267062
The potential of the products has
been rigorously tested in conjunction with the key market challenges. The
existing condition of the market and future prospects of this segment has also
been studied. Furthermore, key market strategies, which include product
developments, scope of product, and market strategies are also discussed. It
constitutes quantitative and qualitative evaluation by industry experts,
assistance from industry analysts, and first-hand data.
This research report for Global
Rice Market explore different topics such as product scope, product
market by end users or application, product market by region, market size for
the specific product, sales and revenue by region, manufacturing cost analysis,
Industrial Chain, Sourcing Strategy and Downstream Buyers, Market Effect
Factors Analysis, market size forecast, and more. The research gives a forecast
for the Global Rice industry till the year
2022.
The research experts have
evaluated the general sales of Global Rice Market and its revenue generation.
Furthermore, it also gives extensive study of root market trends and many
governing elements along with improvements in the market in every segment.
Furthermore, it contains diverse profiles of key market players.
Mazor countries have a very crucial role in the global market and the latest report for Global Rice Market study the status of development and future trends in China, Japan, South Korea, Taiwan, India, Southeast Asia & Australia. The report also splits the products by applications and by type to deeply and fully research and disclose the market situation and future prediction.
Mazor countries have a very crucial role in the global market and the latest report for Global Rice Market study the status of development and future trends in China, Japan, South Korea, Taiwan, India, Southeast Asia & Australia. The report also splits the products by applications and by type to deeply and fully research and disclose the market situation and future prediction.
About Global Rice Market Research
Report
This report is vital for any player in the industry, thanks to the comprehensive outlook that is provided. Considering all the vital details that it encloses, it is important for any new player entering the arena so that they can get a good idea and study the market before making any crucial decision. The report will answer queries about the present market developments, opportunity cost, and more.
This report is vital for any player in the industry, thanks to the comprehensive outlook that is provided. Considering all the vital details that it encloses, it is important for any new player entering the arena so that they can get a good idea and study the market before making any crucial decision. The report will answer queries about the present market developments, opportunity cost, and more.
On product basis, each report
shows the revenue (in USD), sales volume (K units), market share, product price
(in USD per unit), and rate of growth of each kind. They are primarily divided
into If you have any special requirements, please let us know and we will offer
you the report as you want.,and.
Read Detailed Index of full
Research Study at:: https://questale.com/report/global-rice-market-research-report-2018/267062
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https://tokenfolks.com/new-report-provides-2011-2018-overview-of-global-rice-market/Questale is one of the leading agencies in the world to offer market research reports using globally acknowledged methodologies and innovative tech tools. It is known for providing some of the best-selling reports across an extensive range of industries, including aerospace & defense, agriculture, automotive, consumer goods, food & beverages, cosmetic, construction, and electronics to name a few.
Rice Cookers Market Research,
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Gas Rice
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New Report Provides 2011-2018 Overview of Global Basmati Rice
Market
March
8, 2018
Questale has just released a
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Mazor countries have a very crucial role in the global market and the latest report for Global Basmati Rice Market study the status of development and future trends in China, Japan, South Korea, Taiwan, India, Southeast Asia & Australia. The report also splits the products by applications and by type to deeply and fully research and disclose the market situation and future prediction.
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About Global Basmati Rice Market
Research Report
This report is vital for any player in the industry, thanks to the comprehensive outlook that is provided. Considering all the vital details that it encloses, it is important for any new player entering the arena so that they can get a good idea and study the market before making any crucial decision. The report will answer queries about the present market developments, opportunity cost, and more.
This report is vital for any player in the industry, thanks to the comprehensive outlook that is provided. Considering all the vital details that it encloses, it is important for any new player entering the arena so that they can get a good idea and study the market before making any crucial decision. The report will answer queries about the present market developments, opportunity cost, and more.
On product basis, each report
shows the revenue (in USD), sales volume (K units), market share, product price
(in USD per unit), and rate of growth of each kind. They are primarily divided
into If you have any special requirements, please let us know and we will offer
you the report as you want.,and.
https://tokenfolks.com/new-report-provides-2011-2018-overview-of-global-basmati-rice-market/
Global Basmati Rice Market 2018 Industry Growth, Size, Trends, Share,
Opportunities and Forecast to 2025
MarketResearchNest.com
adds “Basmati Rice Market Report by Company, Regions, Types and
Applications, Global Status and Forecast to 2025”new report to its research
database. The report spread across 146 pages with multiple tables and figures
in it.
Global Basmati Rice
Market Research Report 2018 to 2023 presents an in-depth assessment of
the Basmati Rice Market including enabling technologies, key trends, market
drivers, challenges, standardization, regulatory landscape, deployment models,
operator case studies, opportunities, future roadmap, value chain, ecosystem
player profiles and strategies. The report also presents forecasts for Basmati
Rice Market investments from 2018 till 2023.
This report studies the
Basmati Rice development status and future trend in Global, focuses on top
players in Global, also splits Basmati Rice by type and by applications, to
fully and deeply research and reveal the market general situation and future
forecast.
Browse
full table of contents and data tables at
This
study answers several questions for stakeholders, primarily which market
segments they should focus upon during the next five years to prioritize their
efforts and investments. These stakeholders include Basmati Rice Market
Manufacturers such as:
KRBL
Limited, Amira Nature Foods, LT Foods, Best Foods, Kohinoor Rice, Aeroplane
Rice, Tilda Basmati Rice, Matco Foods, Amar Singh Chawal Wala, Hanuman Rice
Mills, Adani Wilmar, HAS Rice Pakistan, Galaxy Rice Mill, Dunar Foods, Sungold
Geographically,
this report is segmented into several key Regions, with production,
consumption, revenue, market share and growth rate of Basmati Rice in these
regions, from 2018 to 2023 (forecast), covering
North
America (United States, Canada and Mexico)
Europe
(Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific
(China, Japan, Korea, India, Australia and Southeast Asia (Indonesia, Thailand,
Philippines, Malaysia and Vietnam))
South
America (Brazil etc.)
Middle
East and Africa (North Africa and GCC Countries
Request
a sample copy at
The
Basmati Rice Market displays the production, revenue, price, market
share and growth rate of each type, primarily Split into;
1.
Indian Basmati Rice
2.
Pakistani Basmati Rice
3.
Kenya Basmati Rice
4.
Other
And
On the Basis Of Application, the Global Basmati Rice Market is
segmented into:
1.
Direct Edible
2.
Deep Processing
Key
Reasons to Purchase:
1.
To gain insightful analyses of
the market and have comprehensive understanding of the Global Basmati Rice
market and its commercial landscape
2.
Assess the Basmati Rice
production processes, major issues, and solutions to mitigate the development
risk.
3.
To understand the most affecting
driving and restraining forces in the Basmati Rice market and its impact in the
Global market.
4.
Learn about the market strategies
that are being adopted by leading respective organizations.
5.
To understand the future outlook
and prospects for Basmati Rice market
Key
Questions Answered in This Report?
1.
How has the Basmati Rice market
performed so far and how will it perform in the coming years?
2.
What are the key regional markets
in the Global Basmati Rice industry?
3.
What are the key end-use
industries for Basmati Rice?
4.
How has the Basmati Rice market
performed so far and how will it perform in the coming years?
5.
What are the key regional markets
in the Global Basmati Rice industry?
6.
What are the key end-use
industries for Basmati Rice?
7.
What are the price trends of
Basmati Rice?
8.
What are the various stages in
the value chain of the Basmati Rice industry?
9.
What are the key driving factors
and challenges in the Basmati Rice industry?
10.
What is the structure of the
Basmati Rice industry and who are the key players?
11.
What is the degree of competition
in the Basmati Rice industry?
12.
What are the profit margins in
the Basmati Rice industry?
13.
What are the key requirements for
setting up an Basmati Rice manufacturing plant?
14.
How is Basmati Rice manufactured?
15.
What are the various unit
operations involved in an Basmati Rice plant?
16.
What is the total size of land
required for setting up an Basmati Rice plant?
17.
What are the machinery
requirements for setting up an Basmati Rice plant?
18.
What are the raw material
requirements for setting up an Basmati Rice plant?
19.
What are the packaging
requirements for Basmati Rice?
20.
What are the transportation
requirements for Basmati Rice?
21.
What are the utility requirements
for setting up an Basmati Rice plant?
22.
What are the manpower
requirements for setting up an Basmati Rice plant?
23.
What are the infrastructure costs
for setting up an Basmati Rice plant?
24.
What are the capital costs for
setting up an Basmati Rice plant?
25.
What are the operating costs for
setting up an Basmati Rice plant?
26.
What will be the income and
expenditures for an Basmati Rice plant?
27.
What is the time required to
break-even?
Table
of Contents
1.1
Basmati Rice Product Overview
1.2
Basmati Rice Market Segment by Type
1.2.1
Indian Basmati Rice
1.2.2
Pakistani Basmati Rice
1.2.3
Kenya Basmati Rice
1.2.4
Other
1.3
Global Basmati Rice Market Size by Type
1.3.1
Global Basmati Rice Sales and Growth by Type
1.3.2
Global Basmati Rice Sales and Market Share by Type (2013-2018)
1.3.3
Global Basmati Rice Revenue and Market Share by Type (2013-2018)
1.3.4
Global Basmati Rice Price by Type (2013-2018)
1.4
North America Basmati Rice by Type
1.5
Europe Basmati Rice by Type
1.6
Asia-Pacific Basmati Rice by Type
1.7
South America Basmati Rice by Type
1.8
Middle East and Africa Basmati Rice by Type
Order
a Purchase Report Copy @
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How women weeding Italy's rice fields took on fascism and became
heroines of the left
Italian female rice weeders in the 1950s. Photo:
public domain, Bramfab
via Wikipedia.
8 March 2018
09:28 CET+01:00
Rarely remembered today, the women who once toiled in Italy's
rice fields tell a remarkable story of agitation and activism, writes sociology
and modern languages specialist Flora Derounian.
In an era before the dawn of
pesticides and mechanisation, an all-female workforce was employed to
“disinfect” and harvest Italy’s rice crops. These Italian rice weeders may be a
thing of the past, but they have a remarkable political legacy.
Italy was, and remains, Europe’s largest rice producer. The rice weeders,
known in Italian as “mondine”, could be found knee-deep in flooded fields from
May until July, across Italy’s “rice belt” which spans the northern regions of
Piedmont, Emilia Romagna, Lombardy and the Veneto. In my ongoing research, I
study oral histories of rice weeders who worked between 1940 and 1965,
collected from several interview projects and documentaries.
Idyllic though the glassy mirrors
of the flooded rice fields may seem now, the paddies often resounded with the
sound of weeders’ protest songs.
To avoid punishment for talking during working hours, weeders developed an
incredible repertoire of polyphonic call-and-response songs, often lamenting
miserable working conditions or exploitative employers.
As one Italian senator put it in
1953, the labour of rice weeders deserved its own circle of hell in Dante’s
inferno. Apart from eight-hour days under the beating sun, rice weeders were
tormented by malaria-carrying mosquitoes and malnourishment, and suffered
much higher miscarriage rates than
other women workers.
When the actress Silvana Mangano was shown how to imitate the
rice weeders’ labour for her role in cult left-wing film Bitter Rice in 1949, she reportedly said: “Like
this, for eight hours? I wouldn’t do this work even for a million a day!” A
number of the women in the interviews I’m studying met with Mangano in 1948 as
extras on the set of the movie.
Knee-deep in
protest
It is perhaps because of these
exploitative conditions that collective and political activism thrived in the
rice fields. From the 1900s, rice weeders joined up in their droves to
left-wing organisations such as the Italian communist and socialist parties,
but also to the Unione donne italiane (the Italian Women’s
Union) and working class institutions such as the Case del popolo (People’s
Houses) and cooperatives.
Under Italian fascism, between
1922 and 1943, other left-wing groups were forced underground. But the rice
weeders won important concessions from the fascist government through strikes
and protest. These concessions included paid travel, and improved provisions
for food and shelter.
During the Nazi occupation of
Italy, many rice weeders deserted the rice
fields, and in 1944 refused to work for their oppressors. Some did
not return to work until the fall of fascism.
The rice weeders were also active
in Italy’s liberation from the Nazis. Many interviewees were part of the Italian Resistance.
Some recalled hiding partisans in their homes, or acting as couriers between
battalions.
Tragically, as with women’s wider
participation in the liberation of Italy from
the Nazis and fascists, the weeders’ contributions to the war have often gone
unrecognised. One interviewee who was a rice weeder and member of the
resistance recalled how after the war her husband was given an award for his
role as a partisan. When she too was offered an award, her husband intervened,
saying “one in the house is enough”.
Sisters of
Togliatti
The weeders also protested
against their replacement by agricultural machinery. One rice weeder who worked
in Filo, Bologna during World War II, recounted in an interview:
We went up against the combine
harvesters, together on the land … and we stopped them. My husband told me ‘One
of these days they won’t stop’. I replied, ‘I would happily die for my work’.
The weeders’ role was
definitively replaced by pesticides and mechanisation in the 1960s.
In the interviews I’m studying,
the women made frequent references to left-wing figures, such as Italian
communist leader Palmiro Togliatti, who they sung about as a “workers’
champion”. Others declared themselves to be the “sisters of Togliatti”. One
woman, who lived in Medicina, recounted:
We felt that the fight for
liberation was, yes, a fight against the Germans and the fascists, but also a
great source of hope for us peasants, who were so exploited and poor.
Heroines and
martyrs
Today, Italy’s rice weeders have
gained a cult following for their songs and their dress. Choirs now perform the
weeders’ songs at festivals in
Italy and abroad, sometimes in incongruous collaborations with young rock
bands.
A trailer for the film Bitter Rice.
The success of the film Bitter
Rice catapulted the weeders into the public consciousness because of how they
dressed. Previously, the weeders had worn long skirts in the fields, but in the
film Mangano wore shorts and ripped stockings. The weeders subsequently adopted
this style, and it became their most remembered – and reproduced – characteristic.
The weeders are also remembered
for the assassination of Maria Margotti,
who was shot by a member of the police during an agricultural protest in May
1949. Her death was used by the Italian left as evidence of the state’s
repression and abuse of the working classes. Elements of the Italian communist
party used Margotti’s death to encourage popular resistance to the Christian
Democrat government.
Because of the weeders’
reputation for left-wing support, it was convenient for the Italian left to
portray Margotti as a weeder. However, my ongoing research shows that Margotti
was not, in fact, a contracted rice weeder, but worked at the local brickyard.
After Margotti’s death, the ANPI, the National Association of Italian Partisans
for ex-resistance members, offered to care for her children. Her daughters
subsequently received intense media exposure, and she continues to be used as a
martyr for left-wing causes.
The rice weeders’ activism and agitation was remarkable. Yet, my
research has revealed that over time their memory has been in turn silenced,
sexualised, or – as Margotti’s case shows – used for political ends.
India
rice rates up on steady demand; stronger baht props up Thai rates
3 MIN READ
·
·
BENGALURU
(Reuters) - Rice prices rose in top exporter India this week on healthy demand
amid lower supplies, while gains in the local currency and prospects of a deal
with the Philippines pushed up rates for the staple grain in Thailand.
A
woman spreads paddy crop for drying at a rice mill on the occasion of
International Women's Day, on the outskirts of Agartala, March 8, 2018.
REUTERS/Jayanta Dey/Files
India’s
5 percent broken parboiled rice prices rose by $3 per tonne to $422-$426,
the second straight week of gains.
“Inquiries
are rising from African countries. Asian buyers are also showing interest,”
said an exporter based in Kakinada in the southern state of Andhra Pradesh.
Supplies
are falling, forcing exporters to quote higher prices, said another exporter
also based in Kakinada.
India’s
non basmati rice exports during April-December jumped 39.5 percent from a year
ago as Bangladesh and Benin raised purchases.
Meanwhile,
demand for the grain from Bangladesh, which has emerged as a major rice
importer since 2017 after floods damaged its crops, would stay strong for the
next few months, given the high domestic rates, an official with the food
ministry in Bangladesh said on Thursday.
In
Thailand, benchmark 5 percent broken rice rates climbed to $408-$410 per
tonne, free on board (FOB) Bangkok, from $395-$400 last week, amid a stronger
baht and hopes of a prospective deal with the Philippines.
Speculation
is rife that the Philippines will hold an auction later this month to import
250,000 tonnes and many Thai exporters are interested in this deal, a trader
said.
“The
fluctuation in prices at the moment depends on the currency exchange rate only
because there’s no actual demand,” a Bangkok-based rice trader said.
The
baht was on track for its second straight week of gains. [EMRG/FRX] A stronger
baht translates to higher export prices in U.S. dollars.
“Many
exporters have (also) been buying rice now because of low prices recently,” the
trader added.
Prices
rose in Vietnam as well, with rates for its 5 percent broken variety gaining to
$418-$425 a tonne from $410-$415 a week earlier as farmers pinned their hopes
on new government-to-government deals, even though shipments out of the country
were falling.
“We are having difficulty clinching new deals
with buyers, as Vietnamese prices are relatively higher now,” said a Ho Chi
Minh City-based trader, adding buyers were seeking $405-$408. Vietnam
exported 339,706 tonnes of rice in February, down 31 percent from January, but
exports in the first two months 2018 rose 13.2 percent from a year earlier to
831,504 tonnes, customs data showed.The country could export 6.5 million tonnes
of rice in 2018, the Vietnam News Agency reported on Sunday.
Rice exporters
demand industry status
March
08, 2018
Our Staff Reporter
LAHORE - The Rice Exporters Association
of Pakistan (REAP) has asked the government to declare the rice sector
as an industry and
provide it all incentives in line with other five zero rated export sectors.
This was expressed by the speakers of at a
dinner reception held in honour of Punjab Governor Rafique Rajwana organized by
the rice exporters here
at a local hotel.
The reception was also addressed by the REAP
chairman Samee Ullah Naeem, UBG chairman Iftikhar Malik, LCCI former president,
REAP former chairman Shehzad Ali Malik, Pir Nazim Hussain and members of the
Association.
Samee Ullah said that government's support and
investment in holding foreign exhibitions should be made a policy to brand
Pakistani basmati ricethe world over.
He said that Pakistan's share in overall
basmati export has gradually decreased compared to India, mainly due to the
bigger crop size in the neighboring country, and government support to farmers
to keep growing the variety while focusing on crop yield with subsidized
inputs.
Samee Ullah said that India is more organized,
while in Pakistan individual millers try but remain inconsistent either due to
lower international prices, product quality and lack of support from the
government to establish brand image.
He believed that a diverse product range,
including the export of rice , would help Pakistan tap international markets
and increase its foreign exchange earnings.
Rajwana congratulated the Rice Exporters Association
of Pakistan for organizing a prestigious Award Ceremony recently in Dubai to
promote riceexports.He
said that Pakistani rice has been exported to more than 100 countries of
the world, expressing the hope that this trend will continue with the same zeal
in future.
Iftikhar Malik said that demand for
Pakistani rice has
increased due to its special fragrance, colour and quality across the world.
He called for consistency in research and
development work in agricultural sector besides raising investment in research
to achieve food security in future.
He said that public-private sector should join
hands for increasing investment in agriculture research.
He said that adding value to the farm produce
is crucial for increasing farmers' income and establishing agri-related
industries in the rural areas will not only provide employment but also help in
minimizing migration to cities.
Rice exports forecast to hit 4 million tonnes in two years
08
MAR 2018
Myanmar
farmer ploughs the land with a machine plougher to grow rice at a field. Photo
- EPA
Myanmar rice exports are forecast to hit 4 million tonnes by the
2020-21 fiscal year, according to estimates provided by the Myanmar Rice
Federation (MRF) at the Myanmar Rice Federation Stakeholder Forum 2018 in Nay
Pyi Taw Tuesday.
At those levels, revenues from the export of rice could reach
$1.5 billion within the two –year period.
Myanmar exported around 3 million tonnes of rice worth $900
million during the 11 months between April 2017 and February of the current
2017-18 fiscal year, according to the Ministry of Commerce. That’s the highest
level of rice exports for Myanmar in 70 years.
The country is forecast to export around the same volume of rice
in 2018-19, but expects to draw over $1 billion in revenues as local rice
quality improves, according to the MRF.
As production methods improve, the country is expected to export
around 3.5 million tonnes of rice worth $1.2 billion in 2019-20.
Myanmar produces 13 million -14 million tonnes of rice every
year. Around 10 million tonnes is consumed locally. That’s K5 trillion worth of
local consumption during the 11 months to February 28 of the current fiscal
year, according to the MRF.
Myanmar rice is mainly exported to China, Bangladesh, Sri Lanka,
western Africa and parts of Europe.
Thai jasmine
rice harvest set for first decline in a decade
Prices of premium agricultural export
surge, helped by strong baht
APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer
Farmer transplanting rice in a field near Khon Kaen,
northeastern Thailand. © Reuters
BANGKOK -- Thailand's production of premium rice has fallen this
year for the first time since the country began growing the crop more
extensively a decade ago in an effort to shift agriculture to more value-added
export products.
Premium-grade white rice -- a long-grain, fragrant variety
called hom mali, or jasmine rice -- is normally sold
to upscale restaurants in China, Singapore, and Hong Kong, as well as some Thai
restaurants in Europe.
The drop is due to both unfavorable weather and a U-turn in
government policy. It will have an impact on overall rice exports for 2018 at a
time when these are already challenged by the baht's strength against the
dollar.
Total output of premium Thai rice is expected to fall by 40% to
around 4 million tons from 6.1 million tons (in paddy base) in 2017, according
to the Thai Rice Exporters Association. The association normally makes a fairly
precise projection of the annual output based on surveys of farmers and the
rice industry each March.
The reduced outlook has pushed up the price to $1,150 a ton
this week, a more than 50% increase from $750 a ton last year.
The initial target for this year was around 5 million tons.
Farmers normally start sowing in May, near the time of the Royal Ploughing
Ceremony in Bangkok at the start of the rainy season. Harvesting starts in
October or November.
Production of premium rice rose until 2016, when it reached 6.1
million tons, and remained little changed in 2017.
The reduced output of premium rice and higher prices could
result in a bigger overall drop in Thailand's rice exports this year. Jasmine
rice accounts for 30% to 40% of total annual exports of between 8 million
tons and 10 million tons, in milled base.
Charoen Laothamatas, president of the Thai Rice Exporters
Association, said Thailand faces "fierce competition" at a time when
the strong baht has pushed Thai offer prices to uncompetitive levels. Major
competitors include India and Vietnam.
Charoen blamed the reduced output on excessive rains during the
harvesting period that reduced yields.
Nagpur
Foodgrain Prices Open- March 07, 2018
Reuters
Staff
Nagpur Foodgrain Prices – APMC/Open
Market-March 7, 2018
Nagpur, Mar 7 (Reuters) – Gram and
tuar prices recovered in Nagpur Agriculture Produce Marketing
Committee (APMC) on good seasonal
demand from local millers amid weak supply from producing
regions. Upward trend on NCDEX,
fresh rise in Madhya Pradesh pulses and reported demand from
South-based millers also helped to
push up prices.
About 1,800 bags of gram and 700
bags of tuar reported for auction in Nagpur APMC, according to
sources.
FOODGRAINS & PULSES
GRAM
* Gram varieties ruled steady in open market here but demand was poor.
TUAR
* Tuar gavarani and tuar Karnataka reported higher in open market on
good demand from
local traders.
* Wheat mill quality firmed up in open market here on increased buying
support from
local traders.
* In Akola, Tuar New – 3,900-4,100, Tuar dal (clean) – 6,300-6,500, Udid
Mogar (clean)
– 7,200-8,000, Moong Mogar (clean) 7,000-7,400, Gram – 3,700-3,900, Gram
Super best
– 5,400-5,800
* Other varieties of wheat, rice and other foodgrain items moved in a
narrow range in
scattered deals and settled at last levels in weak trading activity.
Nagpur foodgrains APMC auction/open-market
prices in rupees for 100 kg
FOODGRAINS
Available prices Previous
close
Gram Auction
3,300-3,800 3,200-3,650
Gram Pink Auction
n.a. 2,100-2,600
Tuar Auction 3,400-4,075 3,350-4,075
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 1,680-1,752 1,680-1,760
Gram Super Best Bold
5,500-6,000 5,500-6,000
Gram Super Best
n.a. n.a.
Gram Medium Best
5,200-5,400 5,200-5,400
Gram Dal Medium
n.a. n.a
Gram Mill Quality
3,900-4,000 3,900-4,050
Desi gram Raw
3,850-3,950 3,800-3,900
Gram Kabuli
12,500-13,100 12,500-13,100
Tuar Fataka Best-New
6,600-6,800 6,600-6,800
Tuar Fataka Medium-New
6,200-6,400 6,200-6,400
Tuar Dal Best Phod-New
6,000-6,200 6,000-6,200
Tuar Dal Medium phod-New
5,600-5,900 5,600-5,900
Tuar Gavarani New 4,400-4,500 4,350-4,450
Tuar Karnataka
4,600-4,800 4,550-4,750
Masoor dal best
4,800-5,000 4,800-5,000
Masoor dal medium
4,500-4,700 4,500-4,700
Masoor n.a. n.a.
Moong Mogar bold (New)
7,500-8,000 7,500-8,000
Moong Mogar Medium
6,500-7,000 6,500-7,000
Moong dal Chilka
5,700-6,700 5,700-6,700
Moong Mill quality n.a. n.a.
Moong Chamki best
7,500-8,000 7,500-8,000
Udid Mogar best (100 INR/KG) (New) 7,800-8,500 7,800-8,500
Udid Mogar Medium (100 INR/KG)
5,900-6,500
5,900-6,500
Udid Dal Black (100 INR/KG)
5,900-6,100
5,900-6,100
Batri dal (100 INR/KG)
4,800-5,300 4,800-5,300
Lakhodi dal (100 INR/kg)
2,650-2,750 2,600-2,700
Watana Dal (100 INR/KG)
3,400-3,500 3,400-3,500
Watana Green Best (100 INR/KG)
4,200-4,300
4,200-4,300
Wheat 308 (100 INR/KG)
2,000-2,100 2,000-2,100
Wheat Mill quality (100 INR/KG)
1,900-2,000
1,850-1,950
Wheat Filter (100 INR/KG)
2,150-2,350
2,150-2,350
Wheat Lokwan best (100 INR/KG)
2,350-2,450
2,350-2,450
Wheat Lokwan medium (100 INR/KG)
2,100-2,200 2,100-2,200
Lokwan Hath Binar (100 INR/KG)
n.a. n.a.
MP Sharbati Best (100 INR/KG)
3,200-4,000
3,200-4,000
MP Sharbati Medium (100 INR/KG)
2,400-2,800
2,400-2,800
Rice BPT best (100 INR/KG)
3,500-4,000
3,500-4,000
Rice BPT medium (100 INR/KG) 3,000-3,400 3,000-3,400
Rice BPT new (100 INR/KG)
3,500-4,000
3,500-4,000
Rice Luchai (100 INR/KG)
2,500-2,700
2,500-2,700
Rice Swarna best (100 INR/KG)
2,600-2,800
2,600-2,800
Rice
Swarna medium (100 INR/KG)
2,400-2,500 2,400-2,500
Rice Swarna new (100 INR/KG)
2,400-2,500
2,400-2,500
Rice HMT best (100 INR/KG)
4,200-4,800
4,200-4,800
Rice HMT medium (100 INR/KG) 3,600-4,200 3,600-4,200
Rice HMT new (100 INR/KG)
4,200-4,600
4,200-4,600
Rice Shriram best(100 INR/KG)
4,900-5,500 4,900-5,500
Rice Shriram med (100 INR/KG)
4,600-4,800 4,600-4,800
Rice Shriram new (100 INR/KG)
5,000-5,500
5,000-5,500
Rice Basmati best (100 INR/KG)
9,500-14,000
9,500-13,500
Rice Basmati Medium (100 INR/KG)
5,000-7,500
5,000-7,500
Rice Chinnor best 100 INR/KG) 6,100-6,500 6,100-6,500
Rice Chinnor medium (100 INR/KG)
5,500-5,900 5,500-5,900
Rice Chinnor new (100 INR/KG)
6,000-6,200
6,000-6,200
Jowar Gavarani (100 INR/KG)
2,000-2,200
2,000-2,100
Jowar CH-5 (100 INR/KG) 1,800-2,000 1,700-2,000
WEATHER (NAGPUR)
Maximum temp. 35.4 degree Celsius,
minimum temp. 17.2 degree Celsius
Rainfall : Nil
FORECAST: Mainly clear sky. Maximum
and minimum temperature would be around and 35 and 17 degree
Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are
excluded from plant delivery prices, but
included in market prices)
Consumer
confidence takes a turn for the worse
- 9 Mar 2018
- NEWSPAPER SECTION: BUSINESS
| WRITER: PHUSADEE
ARUNMAS
According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), February's consumer confidence index stood at 79.3, down from 80 in January, which was a three-year high.
"In February, people were concerned about farm commodity prices, particularly for rice, rubber, tapioca and maize," said Thanavath Phonvichai, vice-president for research at the UTCC. "Some people also thought a minimum wage hike could slow economic growth. With higher costs, companies might seek to replace workers with technology, resulting in job losses."
Mr Thanavath said falling consumer confidence
also shows Thailand's economic growth remains uneven, failing to help certain
sectors. For instance, higher rice prices are benefiting only millers, not
farmers, he said.
More
importantly, people were worried about political stability after the military
government postponed the sought-after general election to February next year."The fall is a bit surprising given the emergence of positive factors such as export growth and rising economic figures," said Mr Thanavath.
"Most consumers felt their income had yet to cover the higher costs of living, while government funds were not yet distributed to low-income people, with only some business segments benefiting."
The Commerce Ministry reported last month the country's customs-cleared exports rose 17.6% year-on-year in January to US$20.1 billion, the highest increase in 62 months.
The export surge was led by cars and parts, computers and parts, rubber products, plastic pellets, chemicals, finished oil, electrical circuits, machinery and parts, and steel and steel products.
Imports in January surged 24.3% from a year earlier to $20.2 billion (631 billion baht), resulting in a trade deficit of $119 million in January.
The Commerce Ministry said demand from key markets remained strong, while the baht's strength had scant impact on shipments.
Exports rose to all major markets, especially South Asia, where shipments surged 26.1% year-on-year last month.
Also seeing strong growth were exports to Japan (up 26.3%), the US (11.3%), the EU (8.9%), Asean (14.3%) and Cambodia, Laos, Myanmar and Vietnam (18.4%).
Shipments to Australia, the Middle East, Africa and the Commonwealth of Independent States also grew.
Exports of agricultural and agro-industrial products rose for the 15th straight month in January, up 16.2% year-on-year to $2.86 billion, led by rice, tapioca products, sugar, frozen poultry, and frozen and canned seafood.
The government's planning unit forecast Thailand's exports would grow 6.8% this year against 9.7% growth in 2017 and a marginal 0.1% increase in 2016.
This year's private consumption is forecast to grow on par with last year's rate of 3.2%, up from 3% in 2016.
The state planning agency predicts Thailand's economic growth in a range of 3.6-4.6% this year, compared with 3.9% in 2017 and 3.3% in 2016.
"Spending could improve in the second half, if there is a more broad-based economic recovery in the second quarter and consumers have more confidence in the political situation," said Mr Thanavath.
Abbasi
directs speedy finalisation of GI law
March 09, 2018
ISLAMABAD: International
brands continue selling Pakistan-origin goods due to non-finalisation of
Geographical Indication (GI) Law that aims to protect commercial heritage of
the country’s products including Basmati rice and Ajrak.The law is pending for
the last 17 years due to differences between large lobbies leading to failure
of market place regulation.However, the Federal Cabinet in its meeting held
early this week has authorised the Commerce Division to initiate legislation on
the GI Law.A senior officer in the Commerce Division told Dawn that Prime
Minister Shahid Khaqqan Abbasi had directed the officials to speed up the
process to finalise the draft law.
The draft law will again be submitted to the cabinet
for approval before being presented to the parliament. “We will send the draft
to the Law Division for vetting,” the official added. The GI Law can protect
various products including Hunza apricots, Charsadda/Peshawari chappal, Multani
halwa, Sindhi Ajrak, Sargodha’s kinno, Kasuri methi, Sindhri mango, Dir knives,
Swat wild mushrooms, Nili-Ravi buffalo, Chaman grapes, Pashmina shawls, etc.
The delay in the legislation is costing heavily to the
exchequer because of the unintended theft of intellectual prosperity in GI’s
belonging to Pakistan.
For example, Morocan Ajrak skirts were sold by
international retailer H&M earlier this year. Dolce & Gabbana
introduced food processors bearing the funky Pakistani truck art while Paul
Smith launched Peshawari chappal.
A draft law was already written in consultation with
all stakeholders but was placed on the back burner for the past one year.
The Commerce Division has been working on the GI Law
since 2000. The draft has been vetted many times by the authorities concerned,
but no action has been taken so far.As per the proposed law, the term of registration
of an authorised user of a geographical indication will be for a period of 10
years from the date of filing of application for registration. This exclusive
right over the use of GI will be extendable for another 10 years.
GI is an intellectual property right (IPR) which gives
the right to a person over the creation of their minds for a certain period of
time. Member countries of the World Trade Organisation (WTO) need to give
protection to GIs under Article 22-24 of the Trade-Related Aspects of Intellectual
Property Rights (TRIPs) agreement.
Unless Pakistan provides GI protection, it cannot
obtain the same for its own goods in other countries that have the GI Law.The
GI Law covers a wide variety of products that include industrial, agricultural,
horticultural and others. In the absence of the GI Law, Pakistan cannot claim
exclusive GI of Basmati rice.
Published in Dawn, March 9th, 2018
https://www.dawn.com/news/1394101/abbasi-directs-speedy-finalisation-of-gi-law
Nagpur
Foodgrain Prices Open- March 09, 2018
Reuters
Staff
Nagpur Foodgrain Prices – APMC/Open
Market-March 9, 2018
Nagpur, Mar 8 (Reuters) – Gram and
tuar prices firmed up again in Nagpur Agriculture Produce
Marketing Committee (APMC) on good
demand from local millers amid high moisture content arrival.
Easy condition in Madhya Pradesh
gram prices and release of stock from stockists also pushed
down prices.
About 1,000 bags of gram and 1,200
bags of tuar reported for auction in Nagpur APMC, according
to sources.
FOODGRAINS & PULSES
GRAM
* Gram varieties ruled steady in open market here but demand was poor.
TUAR
* Tuar gavarani reported down in open market on lack of demand from
local traders.
* Batri dal showed weak tendency in open market here on poor demand from
local traders.
* In Akola, Tuar New – 3,900-4,100, Tuar dal (clean) – 6,300-6,500, Udid
Mogar (clean)
– 7,200-8,000, Moong Mogar (clean) 7,000-7,400, Gram – 3,700-3,900, Gram
Super best
– 5,400-5,800
* Wheat, rice and other foodgrain items moved in a narrow range in
scattered deals and settled at last levels in weak trading activity.
Nagpur foodgrains APMC auction/open-market
prices in rupees for 100 kg
FOODGRAINS Available prices Previous close
Gram Auction
3,250-3,560 3,200-3,500
Gram Pink Auction
n.a. 2,100-2,600
Tuar Auction
3,500-4,010 3,400-4,100
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
1,700-1,786 1,680-1,750
Gram Super Best Bold
5,500-6,000 5,500-6,000
Gram Super Best
n.a. n.a.
Gram Medium Best
5,200-5,400 5,200-5,400
Gram Dal Medium
n.a. n.a
Gram Mill Quality
3,900-4,000 3,900-4,050
Desi gram Raw
3,800-3,900 3,800-3,900
Gram Kabuli
12,500-13,100 12,500-13,100
Tuar Fataka Best-New
6,600-6,800 6,600-6,800
Tuar Fataka Medium-New
6,200-6,400 6,200-6,400
Tuar Dal Best Phod-New
6,000-6,200 6,000-6,200
Tuar Dal Medium phod-New
5,600-5,900 5,600-5,900
Tuar Gavarani New
4,350-4,450 4,400-4,500
Tuar Karnataka
4,600-4,800 4,600-4,800
Masoor dal best
4,800-5,000 4,800-5,000
Masoor dal medium
4,500-4,700 4,500-4,700
Masoor
n.a. n.a.
Moong Mogar bold (New)
7,500-8,000 7,500-8,000
Moong Mogar Medium
6,500-7,000 6,500-7,000
Moong dal Chilka
5,700-6,700 5,700-6,700
Moong Mill quality
n.a. n.a.
Moong Chamki best 7,400-7,900 7,400-7,900
Udid Mogar best (100 INR/KG) (New) 7,800-8,500 7,800-8,500
Udid Mogar Medium (100 INR/KG)
5,900-6,500
5,900-6,500
Udid Dal Black (100 INR/KG)
5,900-6,100
5,900-6,100
Batri dal (100 INR/KG)
4,700-5,200 4,800-5,300
Lakhodi dal (100 INR/kg)
2,650-2,750 2,600-2,700
Watana Dal (100 INR/KG)
3,400-3,500 3,400-3,500
Watana Green Best (100 INR/KG)
4,200-4,300
4,200-4,300
Wheat 308 (100 INR/KG)
2,000-2,100 2,000-2,100
Wheat Mill quality (100 INR/KG)
1,900-2,000
1,900-2,000
Wheat Filter (100 INR/KG)
2,150-2,350 2,150-2,350
Wheat Lokwan best (100 INR/KG)
2,350-2,450
2,350-2,450
Wheat Lokwan medium (100 INR/KG)
2,100-2,200 2,100-2,200
Lokwan Hath Binar (100 INR/KG)
n.a. n.a.
MP Sharbati Best (100 INR/KG)
3,200-4,000
3,200-4,000
MP Sharbati Medium (100 INR/KG)
2,400-2,800
2,400-2,800
Rice BPT best (100 INR/KG)
3,500-4,000
3,500-4,000
Rice BPT medium (100 INR/KG)
3,000-3,400 3,000-3,400
Rice BPT new (100 INR/KG)
3,500-4,000
3,500-4,000
Rice Luchai (100 INR/KG)
2,500-2,700
2,500-2,700
Rice Swarna best (100 INR/KG)
2,600-2,800
2,600-2,800
Rice Swarna medium (100 INR/KG)
2,400-2,500 2,400-2,500
Rice Swarna new (100 INR/KG)
2,400-2,500
2,400-2,500
Rice HMT best (100 INR/KG)
4,200-4,800
4,200-4,800
Rice HMT medium (100 INR/KG)
3,600-4,200 3,600-4,200
Rice HMT new (100 INR/KG)
4,200-4,600
4,200-4,600
Rice Shriram best(100 INR/KG)
4,900-5,500 4,900-5,500
Rice Shriram med (100 INR/KG)
4,600-4,800 4,600-4,800
Rice Shriram new (100 INR/KG)
5,000-5,500
5,000-5,500
Rice Basmati best (100 INR/KG)
9,500-14,000
9,500-13,500
Rice Basmati Medium (100 INR/KG)
5,000-7,500
5,000-7,500
Rice Chinnor best 100 INR/KG)
6,100-6,500 6,100-6,500
Rice Chinnor medium (100 INR/KG)
5,500-5,900 5,500-5,900
Rice Chinnor new (100 INR/KG)
6,000-6,200
6,000-6,200
Jowar Gavarani (100 INR/KG)
2,000-2,200
2,000-2,100
Jowar CH-5 (100 INR/KG)
1,800-2,000 1,700-2,000
WEATHER (NAGPUR)
Maximum temp. 34.1 degree Celsius,
minimum temp. 22.6 degree Celsius
Rainfall : Nil
FORECAST: Partly cloudy sky.
Possibility of thundery development towards evening. Maximum and
minimum temperature would be around
and 34 and 23 degree Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are
excluded from plant delivery prices, but included in market prices)
Nagpur
Foodgrain Prices Open- March 08, 2018
Reuters
Staff
Nagpur Foodgrain Prices – APMC/Open
Market-March 8, 2018
Nagpur, Mar 8 (Reuters) – Gram and
tuar prices moved down in Nagpur Agriculture Produce
Marketing Committee (APMC) on lack
of demand from local millers amid high moisture content
arrival. Easy condition in Madhya
Pradesh gram prices and release of stock from stockists also
pushed down prices. About 1,900
bags of gram and 1,250 bags of tuar reported for auction in Nagpur APMC,
according
to sources.
FOODGRAINS & PULSES
GRAM
* Desi gram raw reported down in open market on poor demand from local
traders.
TUAR
* Tuar varieties ruled steady in open market here but demand was poor.
* Moong Chamki showed weak tendency in open market here on poor demand
from
local traders.
* In Akola, Tuar New – 3,900-4,100, Tuar dal (clean) – 6,300-6,500, Udid
Mogar (clean)
– 7,200-8,000, Moong Mogar (clean) 7,000-7,400, Gram – 3,700-3,900, Gram
Super best
– 5,400-5,800
* Other varieties of wheat, rice and other foodgrain items moved in a
narrow range in
scattered deals and settled at last levels in weak trading activity.
Nagpur foodgrains APMC auction/open-market
prices in rupees for 100 kg
FOODGRAINS
Available prices Previous
close
Gram Auction
3,250-3,500 3,300-3,650
Gram Pink Auction
n.a. 2,100-2,600
Tuar Auction
3,500-4,010 3,500-4,100
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
1,700-1,786 1,680-1,750
Gram Super Best Bold
5,500-6,000 5,500-6,000
Gram Super Best
n.a. n.a.
Gram Medium Best
5,200-5,400 5,200-5,400
Gram Dal Medium
n.a. n.a
Gram Mill Quality
3,900-4,000 3,900-4,050
Desi gram Raw
3,800-3,900 3,800-3,900
Gram Kabuli
12,500-13,100 12,500-13,100
Tuar Fataka Best-New
6,600-6,800 6,600-6,800
Tuar Fataka Medium-New
6,200-6,400 6,200-6,400
Tuar Dal Best Phod-New
6,000-6,200 6,000-6,200
Tuar Dal Medium phod-New
5,600-5,900 5,600-5,900
Tuar Gavarani New
4,400-4,500 4,400-4,500
Tuar Karnataka
4,600-4,800 4,600-4,800
Masoor dal best
4,800-5,000 4,800-5,000
Masoor dal medium
4,500-4,700 4,500-4,700
Masoor
n.a. n.a.
Moong Mogar bold (New)
7,500-8,000 7,500-8,000
Moong Mogar Medium
6,500-7,000 6,500-7,000
Moong dal Chilka
5,700-6,700 5,700-6,700
Moong Mill quality
n.a. n.a.
Moong Chamki best
7,400-7,900 7,500-8,000
Udid Mogar best (100 INR/KG) (New) 7,800-8,500 7,800-8,500
Udid Mogar Medium (100 INR/KG)
5,900-6,500
5,900-6,500
Udid Dal Black (100 INR/KG)
5,900-6,100
5,900-6,100
Batri dal (100 INR/KG)
4,800-5,300 4,800-5,300
Lakhodi dal (100 INR/kg)
2,650-2,750 2,600-2,700
Watana Dal (100 INR/KG)
3,400-3,500 3,400-3,500
Watana Green Best (100 INR/KG)
4,200-4,300
4,200-4,300
Wheat 308 (100 INR/KG)
2,000-2,100 2,000-2,100
Wheat Mill quality (100 INR/KG)
1,900-2,000
1,900-2,000
Wheat Filter (100 INR/KG)
2,150-2,350 2,150-2,350
Wheat Lokwan best (100 INR/KG)
2,350-2,450
2,350-2,450
Wheat Lokwan medium (100 INR/KG)
2,100-2,200 2,100-2,200
Lokwan Hath Binar (100 INR/KG)
n.a. n.a.
MP Sharbati Best (100 INR/KG)
3,200-4,000
3,200-4,000
MP Sharbati Medium (100 INR/KG)
2,400-2,800
2,400-2,800
Rice BPT best (100 INR/KG)
3,500-4,000
3,500-4,000
Rice BPT medium (100 INR/KG)
3,000-3,400 3,000-3,400
Rice BPT new (100 INR/KG)
3,500-4,000
3,500-4,000
Rice Luchai (100 INR/KG)
2,500-2,700
2,500-2,700
Rice Swarna best (100 INR/KG)
2,600-2,800
2,600-2,800
Rice Swarna medium (100 INR/KG)
2,400-2,500 2,400-2,500
Rice Swarna new (100 INR/KG)
2,400-2,500
2,400-2,500
Rice HMT best (100 INR/KG)
4,200-4,800
4,200-4,800
Rice HMT medium (100 INR/KG)
3,600-4,200 3,600-4,200
Rice HMT new (100 INR/KG)
4,200-4,600
4,200-4,600
Rice Shriram best(100 INR/KG)
4,900-5,500 4,900-5,500
Rice Shriram med (100 INR/KG)
4,600-4,800 4,600-4,800
Rice Shriram new (100 INR/KG)
5,000-5,500
5,000-5,500
Rice Basmati best (100 INR/KG)
9,500-14,000
9,500-13,500
Rice Basmati Medium (100 INR/KG)
5,000-7,500
5,000-7,500
Rice Chinnor best 100 INR/KG)
6,100-6,500
6,100-6,500
Rice Chinnor medium (100 INR/KG)
5,500-5,900 5,500-5,900
Rice Chinnor new (100 INR/KG)
6,000-6,200
6,000-6,200
Jowar Gavarani (100 INR/KG) 2,000-2,200 2,000-2,100
Jowar CH-5 (100 INR/KG)
1,800-2,000 1,700-2,000
WEATHER (NAGPUR)
Maximum temp. 35.6 degree Celsius,
minimum temp. 19.9 degree Celsius
Rainfall : Nil
FORECAST: Partly cloudy sky.
Possibility of thundery development towards evening. Maximum and
minimum temperature would be around
and 35 and 20 degree Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are
excluded from plant delivery prices, but included in market prices)
Vietnam
invested US$500m in Mozambique during past five year – Envoy
Ambassador
Extraordinary and Plenipotentiary of Vietnam, Nguyen Trung says his country has
invested about US$500 million in development projects in Mozambique over the
last five years.The diplomat said the areas of agriculture and technology are
the ones that which received most Vietnamese investment. “I think we have
investment (in Mozambique) of more than US$500 million over a period of five
years,” Trung told journalists on Wednesday night after bidding farewell to
President Filipe Nyusi at the end of his term in the southern African country.
Trung said one of the projects supported by his country in Mozambique was the
development of seeds to be used in the large-scale rice production project in
Zambezia province. The investment was worth more than US$2 million. According
to the diplomat, the project aims to assist university students to focus on
rice production.
“They
will ensure food security,” he said, adding that Vietnam exports rice to
Mozambique, and imports cashew nuts. About the technology sector, Trung spoke
of Movitel, one of the mobile phone operators in Mozambique, as an example of
successful economic cooperation between the two countries. Movitel, a unit of
Vietnam’s Viettel, is Mozambique’s third biggest mobile phone operator and has
invested over US$120 million during the past five years to build
telecommunication infrastructure.
Date: 08-Mar-2018
Vietnam
invested US$500m in Mozambique during past five year – Envoy
Ambassador
Extraordinary and Plenipotentiary of Vietnam, Nguyen Trung says his country has
invested about US$500 million in development projects in Mozambique over the
last five years.The diplomat said the areas of agriculture and technology are
the ones that which received most Vietnamese investment. “I think we have
investment (in Mozambique) of more than US$500 million over a period of five
years,” Trung told journalists on Wednesday night after bidding farewell to
President Filipe Nyusi at the end of his term in the southern African country.
Trung said one of the projects supported by his country in Mozambique was the
development of seeds to be used in the large-scale rice production project in
Zambezia province. The investment was worth more than US$2 million. According
to the diplomat, the project aims to assist university students to focus on
rice production. “They will ensure food security,” he said, adding that Vietnam
exports rice to Mozambique, and imports cashew nuts. About the technology
sector, Trung spoke of Movitel, one of the mobile phone operators in
Mozambique, as an example of successful economic cooperation between the two
countries. Movitel, a unit of Vietnam’s Viettel, is Mozambique’s third biggest
mobile phone operator and has invested over US$120 million during the past five
years to build telecommunication infrastructure.
Rice exporters demand industry
status
LAHORE - The Rice Exporters Association
of Pakistan (REAP) has asked the government to declare the rice sector as an industry and provide
it all incentives in line with other five zero rated export sectors. This
was expressed by the speakers of at a dinner reception held in honour of Punjab
Governor Rafique Rajwana organized by the rice exporters here at a
local hotel. The reception was also addressed by the REAP chairman Samee Ullah
Naeem, UBG chairman Iftikhar Malik, LCCI former president, REAP former chairman
Shehzad Ali Malik, Pir Nazim Hussain and members of the Association.
Samee Ullah said that government's
support and investment in holding foreign exhibitions should be made a policy
to brand Pakistani basmati rice the
world over. He said that Pakistan's share in overall basmati export has
gradually decreased compared to India, mainly due to the bigger crop size in
the neighboring country, and government support to farmers to keep growing the
variety while focusing on crop yield with subsidized inputs. Samee Ullah said
that India is more organized, while in Pakistan individual millers try but remain
inconsistent either due to lower international prices, product quality and lack
of support from the government to establish brand image. He believed that a
diverse product range, including the export of rice , would help Pakistan tap
international markets and increase its foreign exchange earnings. Rajwana
congratulated the Rice Exporters Association
of Pakistan for organizing a prestigious Award Ceremony recently in Dubai to
promote rice exports.
He said that Pakistani rice has been exported to more than
100 countries of the world, expressing the hope that this trend will continue
with the same zeal in future. He assured REAP team of his support for the
betterment of rice industry of Pakistan.
Iftikhar Malik said that demand for
Pakistani rice has
increased due to its special fragrance, colour and quality across the world. He
called for consistency in research and development work in agricultural sector
besides raising investment in research to achieve food security in future. He
said that public-private sector should join hands for increasing investment in
agriculture research. He said that adding value to the farm produce is crucial
for increasing farmers' income and establishing agri-related industries in the
rural areas will not only provide employment but also help in minimizing
migration to cities.
Thai jasmine rice harvest set for
first decline in a decade
Prices of premium agricultural
export surge, helped by strong baht
APORNRATH
PHOONPHONGPHIPHAT, Nikkei staff writer
Farmer transplanting rice in a
field near Khon Kaen, northeastern Thailand. © Reuters
BANGKOK
-- Thailand's production of premium rice has fallen this year for the first
time since the country began growing the crop more extensively a decade ago in
an effort to shift agriculture to more value-added export products.
Premium-grade
white rice -- a long-grain, fragrant variety called hom mali, or
jasmine rice -- is normally sold to upscale restaurants in China,
Singapore, and Hong Kong, as well as some Thai restaurants in Europe. The drop
is due to both unfavorable weather and a U-turn in government policy. It will
have an impact on overall rice exports for 2018 at a time when these are
already challenged by the baht's strength against the dollar.
Total output of premium Thai rice is expected
to fall by 40% to around 4 million tons from 6.1 million tons (in paddy base)
in 2017, according to the Thai Rice Exporters Association. The association
normally makes a fairly precise projection of the annual output based on
surveys of farmers and the rice industry each March. The reduced outlook
has pushed up the price to $1,150 a ton this week, a more than 50% increase
from $750 a ton last year. The initial target for this year was
around 5 million tons. Farmers normally start sowing in May, near the time of
the Royal Ploughing Ceremony in Bangkok at the start of the rainy season.
Harvesting starts in October or November. Production of premium rice rose
until 2016, when it reached 6.1 million tons, and remained little changed in
2017.
The
reduced output of premium rice and higher prices could result in a bigger
overall drop in Thailand's rice exports this year. Jasmine rice accounts for
30% to 40% of total annual exports of between 8 million tons and 10
million tons, in milled base. Charoen Laothamatas, president of the Thai
Rice Exporters Association, said Thailand faces "fierce competition"
at a time when the strong baht has pushed Thai offer prices to uncompetitive
levels. Major competitors include India and Vietnam. Charoen blamed the
reduced output on excessive rains during the harvesting period that reduced
yields.
He said offer prices for premium rice ranged
between $1,150 and $1,200 a ton this week -- well above the $800 to $900 for
comparable grades from Vietnam and Cambodia. The strong baht has made matters
worse. The currency rose over 9% against the dollar last year, and has
strengthened by another 3.9% so far in 2018. Lower output was also a
consequence of the military government's policy to devote less farmland to rice
cultivation. Thailand's overall rice paddy acreage dropped by 10% to 58 million
rai this year from more than 65 million rai in the 2011-13 period. (One rai is
1,600 sq. meters.) During that time, Prime Minister Yingluck Shinawatra's
civilian government encouraged rice farmers to grow as much as they
could. Yingluck's cabinet was ousted by the military in 2014, and had introduced
a rice-pledging scheme after taking office in 2011. The government offered to
buy rice from farmers at well above market prices, strengthening its popularity
among the rural poor.
But
government stockpiles swelled to a record-high of 18 million tons of milled rice.
The military spent two years drawing down stockpiles. The scheme resulted
in more than 600 billion baht ($18 billion) in losses. Official policy now
encourages farmers to grow more alternate crops, including sugarcane, cassava,
and corn. Thailand was world's biggest rice exporter for three decades before
the Yingluck government's policy sent prices up, hurting competitiveness. India
took the lead in 2012. Thailand will remain in second place this year,
exporting some 10 million tons against India's 12.5 million tons, according to
the U.S. department of agriculture. Vietnam is expected to come third with 6.3
million tons.
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