Govt estimates 30.06 mn tons wheat
procurement during 2015-16
16.02.2015
The government has fixed procurement target for
Ravi Marketing Season (RMS) 2015-16 as 30.06 million tons against the actual
wheat procurement of 28.02 million tons during RMS 2014-15. The target was
fixed in the meeting of State Food Secretaries held to discuss procurement
arrangements here today.
The meeting was chaired by Sudhir Kumar, union
secretary of food and public distribution.The government has also fixed target
for overall rice procurement for Kharif Marketing Season (KMS) 2014-15, as
35.11 million tons which include 30.05 million tons for kharif crop and 5.05
million tons for Rabi crop. The actual procurement of rice during KMS 2013-14
and KMS 2014-15 so far has been reported as 31.84 million tons and 20.74
million tons respectively.Procurement estimates of main wheat growing states as
reported by them are Punjab- 12 million tons, Haryana- 7 million tons, Madhya
Pradesh- 6 million tons, Uttar Pradesh- 3 million tons and Rajasthan- 1.8
million tons.
Rice procurement for Rabi crop during KMS
2014-15 of main rice growing states during the season are Odisha- 6.70 lakh
tons, West Bengal- 9.15 lakh tons, Telangana- 1.47 million tones, Tamil Nadu- 1
million tons and Andhra Pradesh- 1 million tons.
Philippines to import 500,000 metric tons rice
stocks for lean season
The
total volume of rice would be imported through government-to-government deal
with countries that have procurement agreements with the Philippines. They
include Thailand, Vietnam, and Cambodia.The NFA already sent invitations to the
pertinent governments to make an offer.The date for the submission of offers
has yet to be set. Sellers should offer a minimum volume of 50,000 MT for each
variety.Offers would be evaluated based on the lowest price offers and
compliance to the procurement requirements.Half of the imported volume should
be delivered to the Philippines not later than March 31. The next half should
be delivered not later than April 30.
Vietnam may stockpile 1 million
tons of rice to stabilize prices
Thanh Nien News
HA NOI -
Tuesday, February 17, 2015 14:48
Photo credit: Thoi Bao Kinh Te Saigon
Online
Vietnam
may stockpile around 1 million tons of rice through the mid of April in an attempt
to keep prices stable and secure profits for farmers. Under a new proposal
from the agriculture ministry, local rice companies will be allowed to take out
loans at subsidized interest rates to buy rice from farmers in the Mekong
Delta, the country’s biggest rice producer, news website Thoi Bao Kinh Te
Saigon Online recently reported.Purchases are expected to be made from March 1
to April 15.
Harvesting
of the country's winter-spring crop has begun. Prices are likely to fall once
the new supply hits the market. A report released by the ministry showed
that Vietnam's rice supply is likely to surpass demand soon, which will cause
prices to fall remarkably.The ministry was quoted as saying that the Mekong
Delta’s output for February and March will total 3.65 million tons.Exports, on
the other hand, are not catching up. The amount contracted to ship so
far has reduced tremendously compared to the same period last year.
The
ministry also noted a downward trend in local rice prices, blaming it on the
supply-demand imbalance.For instance, between January 26 and February 11,
prices of the popular IR50404 rice variety dropped from VND4,600 (US$0.21) per
kilogram to VND4,250 in An Giang Province, a 7.6 percent decline. Vo Thanh
Do, a senior official from the ministry, said in the news report that
Vietnamese farmers are still able to earn a 30 percent profit margin at the
moment.The Vietnam Food Association has said that with harsh competitions from
other rice producers like Thailand and India, and with increasing supplies,
Vietnam’s rice exports will be under huge pressure over the next months.
NFA approves
500,000-MT rice imports
February 17, 2015 7:51 pm
THE National Food Authority (NFA) Council has
approved the importation of 500,000 metric tons (MT) of rice this year to boost
government buffer stock before the lean season.In a media advisory, the NFA
said the Council, following a meeting on Feb 13, has approved the importation
of the country’s rice requirement through a government-to-government (G2G)
deal.A G2G transaction requires an existing executive agreement for a country
to participate in the bidding of the rice.
At present, only three countries—Vietnam,
Thailand and Cambodia—have existing rice purchase agreement with the
Philippines.Under the terms of reference, the state-run grains agency will buy
250, 000 MT (25 percent brokens) and 250, 000 MT (15 percent brokens),
well-milled long grain white rice.The minimum volume to be offered is 50, 000
MT for each variety. The NFA also requires bidders to deliver 50 percent of the
volume to be awarded not later than March 31, 2015 and the other 50 percent not
later than April 30, 2015
“Evaluation of the offer and contract award
shall be undertaken on the basis of the lowest price offered, provided that the
offer conforms with the volume and delivery period requirement,” the agency
added.The state-run grains agency is required by law to have at least 15-day
buffer stock at any given time, and 30-day buffer stock during lean months.
Traditionally, the lean season in the Philippines starts in June and ends in
September.With stocks dipping below 13 days, the NFA is now resorting to
importation anew to beef up its inventory.Last year, the Philippines rice
importation reached over 1.7 million MT, the biggest under the Aquino
administration, and closer to the 2009 level of 1.8 million MT.
Next round of rice auction is set
at the end of this month
Tuesday, 17 February 2015
By NNT
BANGKOK, 17 Feb 2015, The Commerce Ministry
says the next round of rice auction is scheduled for the end of this month,
expecting to sell no less than 1 million tons of rice.According to Commerce
Minister General Chatchai Sarikallaya, the administration managed to sell
496,000 tons out of 999,000 tons of rice during the first round of auction held
on January 29th.of this year.He said one of the bidders, a nominee from the
Siam Indica Co.,LTD., had been disqualified from the deal, relinquishing its
deal of 400,000 tons of rice. The rice released from the deal will be auctioned
off in next round as well.Earlier the National Anti Corruption Commission
discovered that Siam Indica had been involved with a shady
government-to-government rice deal.
In Memory: Lee Adams
Lee Adams (r) receives
RMA Distinguished Service Award
in 2011 from Paul Crutchfield
"Lee was adamant that we have young
leaders moving up through the ranks to sustain the strength of our industry's
organizations," said Chris Crutchfield, current RMA chairman and a
leadership program graduate. "In my
professional and personal life, Lee served as both a mentor and father figure,
and I know he had the same influence on many others in our industry."
"Lee exemplified statesmanship and his
legacy in the rice industry will be long lasting," said USA Rice
Federation President & CEO Betsy Ward.
"His passion and commitment inspired us all."A memorial mass service
will be held at 10:00 a.m. on Friday, February 20, at St. Laurence Catholic
Church, 3100 Sweetwater Blvd., Sugar Land, Texas.In lieu of flowers, donations
may be made to the 12th Man Foundation, P.O. Box 2800, College Station, TX
77841, or to St. Laurence Church, 3100 Sweetwater Blvd., Sugar Land, TX
77479. An online guestbook is available
for messages to the family.
Farm Bill Sign-Ups, Domestic Promotion, and Trade Featured at
Mississippi Rice Council
USA Rice CEO Betsy Ward delivers rice industry
report in MS
"We know sign-ups are progressing slowly
all around the country, but if people wait until the last minute, the FSA
offices are going to be overwhelmed, not to mention the fact that soon enough,
rice farmers are going to be back out in the fields -- please don't delay any
longer," he said.Communications Vice President Michael Klein provided
communications and domestic promotion updates to the crowd, including the
details of ongoing outreach with supermarket retail dietitians."This is a
growing and influential group and they are very receptive to rice messages,"
he said. "We provide them with
information on rice's sustainability, nutritional benefits, and the fact that
U.S.-grown rice is GMO and gluten free and they pass this along
enthusiastically to their customers in a variety of ways, benefiting the entire
U.S. industry.
"USA Rice President & CEO Betsy Ward
spoke about the task of having to educate so many new Members of Congress on
important rice issues including trade with Iraq, Cuba, and Mexico, and the
ongoing Trans Pacific Partnership and Transatlantic Trade and Investment
Partnership negotiations.Ward pointed to the Colombia FTA as an example of how
powerful and beneficial good, common-sense trade agreements can be. "Not only did we create a new market for
our rice, but the benefits are spread throughout the rice industry, funding
important industry research that helps us improve the quality, sustainability,
and marketability of our rice," she said.
Mississippi rice research has received more
than $1 million dollars since the agreement was signed. Ward also shared her
view that once legal and legislative hurdles have been cleared, the U.S. rice
industry should quickly recapture some of the Cuban rice market. She said, "We need normal commercial
relations to secure this market and we are working hard in Washington to
support Congressional efforts to achieve this goal.""The meeting was
a total success with informative reports from the top leadership of our USA
Federation regarding the future of the rice industry," said Curtis Berry,
Mississippi Rice Council President.
Contact:
Chuck Wilson (870) 673-7541
Experimental project proving to
be good for salmon and rice
Jacob
Katz of CalTrout pulls a pair of four-day-old salmon out of a fallow rice field
at Knaggs Ranch in the Yolo Bypass. Sarah Dowling — Daily Democrat
By Sarah Dowling, Woodland Daily Democrat
POSTED: 02/16/15,
9:33 PM PST
”It was this simple concept that ignited the
project back in 2011, and it has been growing ever since. “We are spreading
water out, slowing it down to mimic how the river used to be,” Katz said. “This
allows fish to be self-sufficient.”According to the study, these “surrogate
wetlands” mimic the floodplain rearing habitat used historically by young
salmon.
What scientists have found is extraordinary:
The fastest growth rates and highest health indexes ever documented in Delta
salmon research.“If you compare river growth with floodplain growth, it’s night
and day,” explained Katz, saying the fish double their weight every week. The
habitat is so rich in plankton that it’s like “floating filet mingon. The fish
are swimming around with their eyes closed and mouths open. They barely have to
do anything; there’s so much food.
”http://www.chicoer.com/general-news/20150216/experimental-project-proving-to-be-good-for-salmon-and-rice?utm_source=USA+Rice+Daily%2C+February+17%2C+2015&utm_campaign=Friday%2C+December+13%2C+2013&utm_medium=email
Half a million tonnes of state
rice sold at auction
Published: 17 Feb
2015 at 06.00
Newspaper section: Business
Writer: Phusadee
Arunmas
The
government yesterday endorsed the sale of about half the almost 1 million
tonnes of rice put up in the year's first auction.
Commerce Minister Chatchai Sarikulya said the
government agreed to sell a combined 496,243 tonnes worth 7.85 billion baht to
38 winning bidders in the first auction of state rice stocks for 2015. Late
last month, the Commerce Ministry put 999,763 tonnes of rice up for
sale on a whole-warehouse basis for the first time, with the floor prices
announced in advance.The floor price for white rice was set at 8-10
baht a kilogramme, while that for for Hom Mali rice was set at 25
baht per kg.
The auction fetched 11 baht per kg on average
for white rice, with the offer prices for Hom Mali reaching as high as 31 baht
per kg. The rice put up for auction included 850,000
tonnes of 5% white rice and about 150,000 tonnes of Hom Mali.Authorities
estimate the cost of the rice put on sale at 11.7 billion baht.Gen
Chatchai said the government could sell 400,000 tonnes more if it agreed on the
purchase proposal of one qualified bidder whose qualifications were rejected.A
Commerce Ministry source said the proposal belonged to Empire Development Co,
which offered to buy more than 400,000 tonnes of rice in 47 warehouses.Authorities'
investigation found Empire Development might have links to Siam Indica Co, as
the two share the same address and Empire's authorised director was formerly
a Siam Indica director and shareholder.
Siam Indica had been barred by authorities from
joining the bidding after its indictment by the National Anti-Corruption
Commission for graft related to the rice-pledging scheme.Gen Chatchai said
the Commerce Ministry would call a second auction for an additional 1 million
tonnes of state-held rice later this month.Charoen Laothammatas,
president of the Thai Rice Exporters Association, said the year's first auction
by the government was considered a success, indicating market demand for rice
continues to remain strong."Despite the amount of rice stocks put up for
sale being relatively huge in the first auction, the government's ability to
sell almost half the total was more than satisfactory," he said."This
shows demand for rice is strong at both the local market and for export. This
is a perfect period now for the government to increase its rice stock
disposal."
Courtesy: The Bangkok Post
CME Group/Closing Rough Rice Futures
|
CME
Group (Prelim): Closing Rough Rice Futures for February 17
|
Rice growers have new resource to
battle rice water weevil
|
The rice
water weevil (Lissorhoptrus oryzophilus) is a
worrisome insect pest of rice and it can trigger significant yield losses. The
adult stage of the insect can inflict damage by consuming leaf tissue, whereas
the larval form feeds on the roots of rice plants. The larva are equipped with
a pair of connected dorsal hooks that are inserted into plant roots.The rice
water weevil is a native
of the south eastern U.S. Over the years it has invaded Japan, Korea, China,
and Italy.
The
adults are dark-brown to black with grey scales.Researchers based at the
University of California, Davis, have determined why the rice water weevil has
spread so rapidly (up to 36 kilometers per year). This is linked to its ability
to reproduce asexually.In terms of future strategies, the authors also discuss methods of
monitoring and sampling including the use of aquatic barrier traps.
To this
they add advice relating to minimising the impact through cultural control
methods like draining fields, delayed planting, winter flooding, and nutrient
augmentation. As an alternative, the authors also explore the use of
microbiological pest control measures using the fungus Beauveria bassiana and the soil bacterium Bacillus thuringiensis. Both of
these organisms target insects.More controversially, the researchers suggest
the growing of insect-resistant transgenic varieties or rice.
One
example is the recently developed Bt rice plant transformed with the Cry3A gene.
However, there are some consumer concerns with the use of genetically modified
grains.The new study has been reported to the Journal of Integrated Pest Management.
The research is titled “A Century of Rice Water Weevil (Coleoptera:
Curculionidae): A History of Research and Management With an
Emphasis on the United States.”
USA Rice Federation presents report to Arkansas Rice Research
and Promotion Board
Ward provided the board with a financial report and results of the
audits for all five organizations overseen by USA Rice, and then focused her
presentation on international market challenges the U.S. rice industry is
facing in Cuba, Iraq, China, Central America and the No. 1 market, Mexico.
By
USA Rice Federation
Posted Feb. 16, 2015 at 11:48 AM
LITTLE ROCK
USA Rice
Federation President and CEO Betsy Ward, together with Vice President of
Communications, Marketing and Domestic Promotion Michael Klein presented the
annual USA Rice Council report to the Arkansas Rice Research and Promotion
Board (ARRPB) last week.Ward provided the board with a financial report and
results of the audits for all five organizations overseen by USA Rice, and then
focused her presentation on international market challenges the U.S. rice
industry is facing in Cuba, Iraq, China, Central America and the No. 1 market,
Mexico.
"With
64 totally new members of Congress we need to educate on rice issues, several
delicate trade deals possibly coming to their conclusion, and our regular
challenges, it sometimes feels like we're working in a three ring circus,"
Ward remarked. "We know things out in the countryside are tough right now,
and we are constantly looking for ways to improve the viability of rice
farming."Ward took several questions on the situation in Iraq, Cuba and
food safety concerns, and in both cases the message was keeping the pressure
on."We've applied a great deal of pressure on Iraq and we've seen results,
but clearly we need to keep pushing," she said. "This will be a top
priority issue at our Government Affairs Conference in Washington in a few
weeks.
Klein
then shared results from last year's consumer focus groups and explained how
what USA Rice learned is being implemented.
"We
know we have a great opportunity to educate folks, because they don't know a
lot about rice — but they respond very positively to our conservation messages,
and would like us to tell them more," he said.Klein said the desire people
show to eat local and support U.S. farmers factors into the group's retail
outreach through supermarket dieticians and elementary school programs
The
ARRPB is made up of nine rice producers who are nominated by industry
organizations and appointed to two-year terms by the governor. The board
is responsible for allocating Arkansas rice promotion and research check-off
funds annually. For the past 29 years, the ARRPB has awarded promotion
funds to the USA Rice Council. "We
always appreciate the opportunity to meet with this board and report on work
made possible by the financial resources entrusted to us by Arkansas,"
Ward said. "I also want to thank the Arkansas rice farmers and industry
members who serve on the USA Rice Council board and on USA Rice domestic and
international promotion committees.
Their
participation is vital to USA Rice's member-driven process for program
development and implementation."After the presentations on promotion
results and USA Rice financials, the ARRPB approved the USA Rice Council's
request for funding in the fiscal year Aug. 1, 2015 to July 31, 2016.
Bicol co-ops receive rice processing equipment from DA
TWO FARMER
associations in Bicol secured infrastructure and P3-million financial support
from the Department of Agriculture (DA).
In a
statement yesterday, the agency said the move was intended to help rural
organizations to become more profitable and sustainable.Agriculture Secretary
Proceso J. Alcala led the turnover of the rice processing complex and funding
support to Hibiga River Irrigation System Irrigators Association (HRISIA),
based in Polangui, Albay; and the San Agustin-San Ramon Farmers’ Cooperative
(SARFC) from Bula, Camarines Sur.Through the rice processing complex
inaugurated last week, the farmer groups will be provided with tools, equipment
and technical expertise to become professional farm service providers.On top of
the flatbed dryers and rice mills installed in the processing centers, the
farmer cooperatives will also get other items of farm machinery such as
reapers, threshers and hand tractors.These will be provided via grants or
cost-sharing schemes.
The first batch of machinery -- involving three hand tractors for HRISIA and five for SARFC, as well as a palay thresher for the latter -- was delivered last week.Apart from the equipment, HRISIA and SARFC received P2 million and P1 million starting capital, respectively, to operate their rice processing hubs.“As a bonus, DA will likewise support the expansion of planting areas of farmer-cooperators, in coordination with their respective provincial or municipal agriculturists,” the agency said.The HRISIA has committed to expand the area it plants to rice by an additional 200 hectares, according to the DA.Mr. Alcala also pledged to extend the same support to Barotac Nuevo Development Cooperative when he opened and led the turn-over rites for a rice processing center in Barangay Monpon, Barotac Nuevo three weeks ago.The formation of farm service providers is part of DA’s strategy for increased food security and rural incomes under the Food Staples Sufficiency Program. -- Claire-Ann Marie C. Feliciano
Research and Markets: Global Rice Bran Oil
Industry Report 2015
February 16, 2015 03:19 PM Eastern Standard
Time
DUBLIN--(BUSINESS WIRE)--Research
and Markets (http://www.researchandmarkets.com/research/vqdlsq/global_rice_bran)
has announced the addition of the "Global Rice Bran Oil Industry Report 2015" report to their offering.
“Global
Rice Bran Oil Industry Report 2015”
The
Global Rice Bran Oil Industry Report 2015 is a professional and in-depth study
on the current state of the rice bran oil industry.
The
report provides a basic overview of the industry including definitions,
classifications, applications and industry chain structure. The rice bran oil
market analysis is provided for the international markets including development
trends, competitive landscape analysis, and key regions development status.
Development
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structures analyzed. Rice bran oil industry import/export consumption, supply
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The
report focuses on twenty-nine industry players providing information such as
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Key
Topics Covered:
1.
Rice Bran Oil Industry Overview
2.
Rice Bran Oil International and China Market
Analysis
3.
Rice Bran Oil Technical Data and Manufacturing
Plants Analysis
4.
Rice Bran Oil Production by Regions By
Technology By Applications
5.
Rice Bran Oil Manufacturing Process and Cost
Structure
6.
Rice Bran Oil Productions Supply Sales Demand
Market Status and Forecast 2009-2014
7.
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8.
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Bran Oil Industry Development Trend
11. Rice
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·
A.P. Refinery
·
Aditi Oil Ltd.
·
Akshath
·
Bcl
·
Chunlu
·
Daping Oils & Grains
·
Dlk
·
Hansells Food Group
·
Honghulang Rice Industry
·
Jianghuaily
·
Jinwang
·
Kang Ji Er
·
Kamal
·
King Rice Oil Group
·
Oryza
·
Qaxld
·
Rito
·
Rudrapur Solvents Pvt. Ltd.
·
Ricebran Technologies
·
Ricela
·
Shivangi Oils
·
Surin Bran Oil
·
Suriny
·
Tsuno
·
Vaighai Agro
·
Wanyuan Food & Oil
·
Wilmar International
·
Wufeng
·
Youngsun Foods
For more
informationvisit
Contacts
Research
and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Food and Beverage
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Food and Beverage
Consumer Market Research Reports
Annoucements
Discover the Global basmati rice industry 2015:
market product price, profit, swot analysis, production, capacity utilization,
supply, demand, growth rate
WhaTech Channel: Consumer Market Research
Reports
Published on Monday, 16 February 2015 23:30
Submitted by Pawan Kumar WhaTech Agency
News from: Research
Beam
Read: 44 times
For leading suppliers, related information is
listed as products, customers, application, capacity, market position, and
company contact information, etc. 2015-2020 forecast on capacity, production,
cost, price, profit, production value, and gross margin for these markets are
also included.Global Basmati Rice Industry 2015: Market Product Price, Profit,
SWOT Analysis, Production, Capacity Utilization, Supply, Demand, Growth Rate
Report Overview
Research Beam adds a report titled “Global
Basmati Rice Industry 2015 Market Research Report” that provides detailed
information of the Global Basmati Rice Industry. The report is an excellent
piece of study for investors who are looking towards the market.For overview
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definition, classification, application, industry chain structure, industry
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For international and China market analysis,
the report analyzes Basmati Rice markets in China and other countries or
regions (such as US, Europe, Japan, etc) by presenting research on global
products of different types and applications developments and trends of market,
technology, and competitive landscape, and leading suppliers and
countries’2009-2014 capacity, production, cost, price, profit, production
value, and gross margin.
For technical data and manufacturing plants
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commercial production date, manufacturing plants distribution, R&D Status,
technology sources, and raw materials sources.
Table of Contents:
Chapter One Basmati Rice Industry Overview
1.1 Basmati Rice Definition
1.2 Basmati Rice Classification and Application
1.3 Basmati Rice Industry Chain Structure
1.4 Basmati Rice Industry Overview
1.5 Basmati Rice Industry Policy Analysis
1.6 Basmati Rice Industry News Analysis
Chapter Two Basmati Rice International and
China Market Analysis
2.1 Basmati Rice Industry International Market
Analysis
2.1.1 Basmati Rice International Market
Development History
2.1.2 Basmati Rice Product and Technology
Developments
2.1.3 Basmati Rice Competitive Landscape
Analysis
2.1.4 Basmati Rice International Key Countries
Development Status
2.1.5 Basmati Rice International Market
Development Trend
2.2 Basmati Rice Industry China Market Analysis
2.2.1 Basmati Rice China Market Development
History
2.2.2 Basmati Rice Product and Technology
Developments
2.2.3 Basmati Rice Competitive Landscape
Analysis
2.2.4 Basmati Rice China Key Regions
Development Status
2.2.5 Basmati Rice China Market Development
Trend
2.3 Basmati Rice International and China Market
Comparison Analysis
Chapter Three Basmati Rice Technical Data and
Manufacturing Plants Analysis
3.1 2014 Global Key Manufacturers Basmati Rice
Capacity and Commercial Production Date
3.2 2014 Global Key Manufacturers Basmati Rice
Manufacturing Plants Distribution
3.3 2014 Global Key Manufacturers Basmati Rice
R&D Status and Technology Source
3.4 2014 Global Key Manufacturers Basmati Rice
Raw Materials Sources Analysis
Ask About Report:
Global Basmati
Rice Industry 2015 Market Research Report
Global Basmati Rice Industry 2015 Research Report is a professional and depth research report on Global Basmati Rice industry.For overview analysis, the report introduces Basmati Rice basic information including definition, classification, application, industry chain structure, industry overview, policy analysis, and news analysis, etc
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For leading suppliers, related information is listed as products, customers, application, capacity, market position, and company contact information, etc. 2015-2020 forecast on capacity, production, cost, price, profit, production value, and gross margin for these markets are also included. For technical data and manufacturing plants analysis, the report analyzes Basmati Rice leading suppliers on capacity, commercial production date, manufacturing plants distribution, R&D Status, technology sources, and raw materials sources.This report also presents product specification, manufacturing process, and product cost structure etc. Production is separated by regions, technology and applications.
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India has no business exporting
rice
GUEST
COMMENTARY
Feb 16,
2015 | Delta
Farm Press
Rice and India: an uncomfortable duo.
How will India impact world rice price?
When it comes to food provisions, India has no
faith whatsoever in the free market. India needs a free trade agreement with
itself.China is trying to work its way out of its water problems by a massive
water transfer program moving water from its south to its north. The people and
the agriculture are more in the north but the water is more in the south. China
is trying to solve its labor cost problems by making farms larger and by moving
millions from the rural areas to the urban areas. It plans on moving 250
million persons from the rural to the urban areas in the next 15 years.My book
“When Rice Shakes the World” explains this complex situation. By 2030, China
may have about one billion living in its cities. Chinese rice farms had better
get a lot bigger or many people will get a lot thinner.
The same
applies to India but at a slower pace because India eats less meat than China,
although the lowly chicken is changing the diet of India.With about 20-30
percent less available water resources than China, India appears to be doing
nothing major to solve its water problems, except giving its water away for
free to farmers to get their votes. Oh yes, it also now feeds 67 percent of its
population with virtually free food grains. That is double its commitment a
year ago.It defends an 800-million person food stamp program, compared to a
46-plus million person food stamp program in the USA. Within five years, I
forecast India will be a net importer of foodstuffs. India loses 20-30 percent
of its grain stocks yearly versus about 1-2 percent in the United States. That
is largely because it has next to no merchandizing grain function. You pay
dearly for what you prohibit from happening.
Why do I
mention China and India in an article on U.S. rice? The reason is simple:
the acreage has and will most likely increase for rice in the Southern United
States in the next year and thereby push the U.S. price right down to the price
in Thailand and Vietnam. It is about there now. Meanwhile, the Asian rice price
is caught between the two rice giants: India, a massive rice exporter, and
China, a massive rice importer.In the next two years, will the rough rice price
settle down to the Indian price and bankrupt farmers in the Western Hemisphere?
Or will the price claw its way upward to the Chinese price now at $19.79 per
cwt.?
The
answer to this question will forge the price you receive for your rice. It will
determine whether you will be in the rice business or you and your banker will
be growing something else. Obviously the current price is no big encouragement
to growing rice in the United States. It is a red ink price as I write this. In
a word, your problem is not China. Your rice is unprofitable because India is
driving world rice farmers into the poor house.I will give you a hint at the
outcome of all this. China may increase its imports faster than India’s rice
stocks decline and exports wither.
If world
trade is more impacted by a high domestic price importer than a low price
domestic price exporter, then the trend now down could reverse itself up.What
is the likelihood that India will remain a big exporter of food grains (rice
and wheat)? If you define a competitive grain exporter over the long term in
terms of their temperate zone resources of navigable waterways, India is a
non-starter as a grain export power.The United States has next to no grain exporting
competition. The United States is a grain exporting superpower, by the
accidental surpluses of its natural resources of water and energy. India fails
on both counts.Consider the following numbers. By country, here are miles of
temperate and navigable waterways to the sea:
·
USA -- 14,650 miles.
·
China -- 2,000 miles.
·
Germany -- 2,000 miles.
·
France -- 1,000 miles.
·
Arab World -- 120 miles.
·
India -- 0 miles.
(Navigability
is defined as a 9-foot channel for 9 months per year. Source: “The Accidental
Superpower” by P. Zeihan.)
I point
out also that water is more or less given away in Asia for a fraction of the
price charged in the Western Hemisphere or the EU. What if water costs in
“Chindia” nudge higher? Can you think of any grain that will be most impacted
by rising water costs? I will give you a hint: it is spelled r-i-c-e.
Note:
Hamilton will speak on these and other rice issues at the Mid-South Farm &
Gin Show in Memphis on February 28 at 1:30 p.m.
Editorial: After ‘progress’ fails
fish, science steps up
POSTED: 02/17/15,
11:19 PM PST |
Humankind didn’t do fish and wildlife any
favors when it went on a dam-building spree a half-century ago. Now science it
trying to help with a small bit of payback.The impacts the massive structures
would have on fish and critters were barely considered in the name of progress
as society sought modern solutions to the problems of supplying water and
electricity for a growing population.It only took a few years to figure out the
stunning negative impact dams would have on rivers that contained spawning
anadromous fish, however.With hundreds of miles of spawning tributaries cut off
by structures like Shasta Dam, Oroville Dam, Trinity Dam and the many dams on
the Klamath River, salmon and steelhead populations on the rivers plummeted.
Though the Klamath River dams may be removed,
it’s not realistic to expect the same thing at Shasta and Oroville, two big
cogs in the state water system. The best we can do is make the current system
work.Fish hatcheries for salmon and steelhead were originally proposed as the
solution, but they alone cannot replace all the habitat that was lost. Not even
close.Worse yet, hatchery salmon and steelhead don’t have the innate survival
sense needed to get downriver and out to sea safely, then return in three or
four years. Dumb fish get eaten by smarter fish — and birds and sea lions —
rather quickly.
So fisheries biologists are constantly
tinkering with the system, trying to figure out a better way to do things. For
example, is it better to release juvenile salmon in the river when they are
fingerlings or yearlings? In the winter or the spring? Is it better to release
them from the hatchery or drive them down to the delta, then release them? Is
it beneficial to release a bunch of water from the dams when the juvenile
salmon are migrating downriver in an attempt to flush them out to sea?
These are all things biologists and water
managers experiment with in an effort to give both wild and hatchery salmon
better chances of survival.That tinkering has resulted in a fascinating
experiment in the Yolo Bypass, on the lower Sacramento River near Woodland.
It’s called the Nigiri Project, apparently named by someone who loves salmon
sushi.
Instead
of using concrete ponds to rear hatchery fish, scientists are trying to raise
young salmon in rice fields after the harvest. The shallow fields are flooded
and tens of thousands of newly hatched fish are added.Biologists are stunned at
how quickly the fish grow. The shallow rice fields serve as an incubator for algae
and plankton. Biologists say the plankton are like “floating filet mignon” and
the young salmon double in weight every week.
When the
salmon get large enough, they’ll be released to the river.Jacob Katz, a
CalTrout employee who gave reporters a tour of the Nigiri Project last week,
said the Yolo Bypass has deep canals, which is opposite of what the river
system used to be, before dams.“We are spreading water out, slowing it down to
mimic how the river used to be,” he said.The project is in its fourth year and
shows great promise. The rice industry, already a well-documented provider of
habitat for waterfowl and other birds, now can add fish habitat provider to its
dossier.
“The
fish we collect grow faster and survive better,” said Louise Conrad, a program
manager with the state Department of Water Resources.Whether wild salmon will
ever use this more natural incubator is the ultimate goal and a large hurdle,
but the experiments with hatchery fish are certainly a good start.There’s a
reason more dams aren’t being built on rivers with anadromous fish. We learned
a hard lesson. But we are glad scientists are trying to make the most of what
we have.
KRBL Comes Out in Support of
Amira Nature Foods and Denounces Factually Incorrect Report
KRBL Comes Out in Support of Amira Nature Foods
and Denounces Factually Incorrect Report
Amira
Nature Foods Ltd. (NYSE: ANFI) today announced that KRBL Limited Chairman &
Managing Director, Anil Kumar Mittal, has issued a statement denouncing a
recent report against Amira Nature Foods and expressing his shock at the false
and misleading statements attributed to KRBL.KRBL’s Chairman & Managing
Director Anil Kumar Mittal has come forth with the following statement:
“I am
shocked having read the content of a recent report with respect to KRBL’s
alleged statements on The Amira Group. As Chairman of KRBL, we have the utmost
respect for The Amira Group and the Chanana family. Amira and the Chanana
family are not only well known in the rice industry, but also the business
community with relationships spanning generations.”Mittal continued, “I can
confirm that we did not enter into making these irresponsible and factually
inaccurate statements that have been attributed to KRBL in this report. I am
confident that there has been no involvement from KRBL in this malicious
attempt to disseminate this fictional information with respect to KRBL’s
alleged comments. It is blatantly obvious that behind the inaccurate report
there is someone targeting Amira, using dishonest tactics.”Amira Nature Foods
Chairman, Karan A Chanana said, “We thank Mr. Anil Mittal and KRBL for their
support in repudiating the false claims made in this malicious report. Amira
stands by its historical financial statements filed with the Securities and
Exchange Commission.”
About
Amira Nature Foods Ltd
Founded
in 1915, Amira has evolved into a leading global provider of branded packaged
Indian specialty rice, with sales in over 60 countries today. The Company
primarily sells Basmati rice, which is a premium long-grain rice grown only in
certain regions of the Indian sub-continent, under its flagship Amira brand as
well as under other third party brands. Amira sells its products through a
broad distribution network in both the developed and emerging markets. The
Company’s global headquarters are in Dubai, United Arab Emirates, and it also
has offices in India, Malaysia, Singapore, Germany, the United Kingdom, and the
United States. Amira Nature Foods Ltd is listed on the New York Stock Exchange
(NYSE) under the ticker symbol “ANFI.”
Safe
Harbor for Forward-Looking Statements
This
press release contains statements of a forward-looking nature. These statements
are made under the “safe harbor” provisions of the U.S. Private Securities
Litigation Reform Act of 1995. You can identify these forward-looking
statements by words or phrases such as “may,” “will,” “except,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “future” or
other similar expressions. We have based these forward-looking statements
largely on our current expectations and projections about future events and
financial trends that we believe may affect our financial condition, results of
operations, business strategy and financial needs.
These
forward-looking statements include, but are not limited to: our goals and
strategies; our expansion plans; and our future business development. We would
like to caution you not to place undue reliance on forward-looking statements
and you should read these statements in conjunction with the risk factors
disclosed in “Risk Factors” appearing in our Annual Report on Form 20-F as well
as other public filings with the Securities and Exchange Commission. Those
risks are not exhaustive and reflect our expectations as of the date of this
press release. We operate in a rapidly evolving environment.
New risk
factors emerge from time to time, and it is impossible for our management to
predict all risk factors, nor can we assess the impact of all factors on our
business or the extent to which any factor, or combination of factors, may
cause actual results to differ from those contained in any forward-looking
statement. We do not undertake any obligation to update or revise the
forward-looking statements except as required under applicable law.
Amira
Nature Foods Ltd
Bruce Wacha, 201-960-0745
Chief Financial Officer
Source with thanks: The Reuters
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