Local rice exports continue to decline
|
Workers
at Tien Giang Food Company prepare rice for export. — VNA/VNS Photo Vu Sinh
|
HA NOI (VNS) — Rice exports have
declined sharply in the first five months of the year, indicating that the
industry is struggling, according to the Ministry of Agriculture and Rural
Development's latest report.In the first five months the country exported 2.4
million tonnes of rice worth US$1.05 billion, according to ministry statistics.
These represent declines of 11.4 per cent and 14.6 per cent respectively over
the same period last year.The average price of exported rice was $436.7 per
tonne, falling 4.27 per cent below last year's price in the same period.China
remained the country's largest rice import market. Its market share accounted
for 34 per cent. Rice exports to China also declined 28.11 per cent in volume
and 31.06 per cent in value over the same period last year.The ministry said
rice exporters were facing difficulties in recent months due to competition
from other large exporting countries. At the same time the product's global
demand has fallen.In fact, Viet Nam's rice exports had struggled in recent
years due to low competitiveness in quality and price, compared with other
major rice exporters. Experts attributed this to a lack of a prominent rice
brand name.Viet Nam Food Association statistics showed rice exports declined
from 7.7 million tonnes, worth $3.45 billion in 2012; to 6.6 million tonnes and
$2.95 billion in 2013; and 6.5 million tonnes and $2.84 billion last year.Prime
Minister Nguyen Tan Dung recently approved a project to develop a leading
Vietnamese brand by 2020. — VNS
http://vietnamnews.vn/economy/271003/local-rice-exports-continue-to-decline.html
Nagpur
Foodgrain Prices Open- May 29
Fri
May 29, 2015 2:04pm IST
Nagpur, May 29 Gram and tuar prices
firmed up again in Nagpur Agriculture Produce
and Marketing Committee (APMC) here
good seasonal demand from local millers amid tight supply from producing
regions. Healthy rise on NCDEX in gram, weak overseas tuar arrival and reported
demand from South-based millers also jacked up prices, according to sources.
* * * *
FOODGRAINS & PULSES
GRAM
* Gram mill quality reported strong in open market on good buying
support from local
traders amid weak supply from producing regions.
TUAR
* Tuar black reported higher in open market on increased marriage season
demand from
local traders amid thin arrival from producing belts.
* Rice Chinnor showed weak tendency in open market here in absence of
buyers amid good
stcok position in ready segment.
* In Akola, Tuar - 7,300-7,700, Tuar dal - 10,100-10,500, Udid at
9,100-9,600,
Udid Mogar (clean) - 10,700-11,100, Moong - 9,000-9,200, Moong Mogar
(clean) 10,700-11,100, Gram - 4,200-4,500, Gram Super best bold -
6,100-6,300
for 100 kg.
* Wheat, other varieties of rice and other commodities remained steady
in open market
in poor trading activity, according to sources.
Nagpur foodgrains APMC auction/open-market
prices in rupees for 100 kg
FOODGRAINS
Available prices Previous
close
Gram Auction
3,700-4,440 3,600-4,320
Gram Pink Auction
n.a. 2,100-2,600
Tuar Auction
5,800-7,390 5,800-7,290
Moong Auction
n.a. 6,000-6,300
Udid Auction
n.a. 4,300-4,500
Masoor Auction
n.a. 2,600-2,800
Gram Super Best Bold
6,200-6,500 6,200-6,500
Gram Super Best
n.a.
Gram Medium Best
5,900-6,200 5,900-6,200
Gram Dal Medium
n.a. n.a.
Gram Mill Quality
5,400-5,550 5,300-5,500
Desi gram Raw
4,600-4,650 4,600-4,650
Gram Filter new
6,100-6,200 6,100-6,200
Gram Kabuli
5,200-6,900 5,200-6,900
Gram Pink
6,400-6,600 6,400-6,600
Tuar Fataka Best
10,500-10,800 10,500-10,800
Tuar Fataka Medium
9,900-10,300 9,900-10,300
Tuar Dal Best Phod
9,600-9,800 9,600-9,800
Tuar Dal Medium phod
8,800-9,300 8,800-9,300
Tuar Gavarani New
7,850-7,950 7,850-7,950
Tuar Karnataka
7,900-8,000 7,900-8,000
Tuar Black
10,800-11,100 10,700-11,000
Masoor dal best
8,100-8,300 8,100-8,300
Masoor dal medium
7,500-7,800 7,500-7,800
Masoor
n.a. n.a.
Moong Mogar bold
11,000-11,500 11,000-11,500
Moong Mogar Medium best
10,200-10,600 10,200-10,600
Moong dal Chilka
9,000-9,750 9,000-9,750
Moong Mill quality
n.a. n.a.
Moong Chamki best
9,600-9,900 9,600-9,900
Udid Mogar Super best (100 INR/KG)
11,200-11,600 11,200-11,600
Udid Mogar Medium (100 INR/KG)
9,900-10,600 9,900-10,600
Udid Dal Black (100 INR/KG)
8,500-8,900 8,500-8,900
Batri dal (100 INR/KG) 4,200-4,400 4,200-4,400
Lakhodi dal (100 INR/kg)
3,200-3,350 3,200-3,350
Watana Dal (100 INR/KG)
3,200-3,450 3,200-3,450
Watana White (100 INR/KG)
2,450-2,625 2,450-2,625
Watana Green Best (100 INR/KG)
3,700-4,900 3,700-4,900
Wheat 308 (100 INR/KG)
1,400-1,600 1,400-1,600
Wheat Mill quality(100 INR/KG)
1,550-1,750 1,550-1,750
Wheat Filter (100 INR/KG)
1,400-1,600 1,400-1,600
Wheat Lokwan best (100 INR/KG)
2,200-2,450 2,200-2,450
Wheat Lokwan medium (100 INR/KG)
1,800-1,950 1,800-1,950
Lokwan Hath Binar (100 INR/KG)
n.a. n.a.
MP Sharbati Best (100 INR/KG)
3,100-3,700 3,100-3,700
MP Sharbati Medium (100 INR/KG)
2,800-3,000 2,800-3,000
Wheat 147 (100 INR/KG)
1,400-1,500 1,400-1,500
Wheat Best (100 INR/KG)
2,000-2,200
2,000-2,200
Rice BPT New(100 INR/KG)
2,600-2,850 2,600-2,850
Rice BPT (100 INR/KG)
3,200-3,400 3,200-3,400
Rice Parmal (100 INR/KG)
1,600-1,800 1,600-1,800
Rice Swarna new (100 INR/KG)
2,100-2,450 2,100-2,450
Rice Swarna old (100 INR/KG)
2,500-2,750 2,500-2,750
Rice HMT new(100 INR/KG)
3,200-3,650 3,200-3,650
Rice HMT (100 INR/KG)
3,900-4,300 3,900-4,300
Rice HMT Shriram New(100 INR/KG)
4,000-4,500 4,000-4,500
Rice HMT Shriram old (100 INR/KG)
4,500-5,000
4,500-5,000
Rice Basmati best (100 INR/KG)
8,200-10,200 8,200-10,200
Rice Basmati Medium (100 INR/KG)
6,000-7,200 6,000-7,200
Rice Chinnor new (100 INR/KG)
4,650-4,900 4,650-5,000
Rice Chinnor (100 INR/KG)
5,500-6,000 5,500-6,100
Jowar Gavarani (100 INR/KG)
2,200-2,300 2,100-2,200
Jowar CH-5 (100 INR/KG)
2,400-2,550 2,300-2,450
WEATHER (NAGPUR)
Maximum temp. 46.0 degree Celsius
(114.8 degree Fahrenheit), minimum temp.
28.2 degree Celsius (82.7 degree
Fahrenheit)
Humidity: Highest - n.a., lowest -
n.a.
Rainfall : nil
FORECAST: Partly cloudy sky. Rains
or thunder-showers likely towards evening or night. Maximum and minimum
temperature would be around and 46 and 29 degree Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are
excluded from plant delivery prices, but included in market prices.)
http://in.reuters.com/article/2015/05/29/nagpur-foodgrain-idINL3N0YK34T20150529
Why fuss over such a
trivial research matter as research respondent?
Dr. Ned Roberto
Philippine Daily
Inquirer
6:49 AM | Friday, May 29th, 2015
Question: Frankly speaking, we were
a bit disappointed by your Marketing Rx column last week. Why make such a
fuss over a trivial market research matter as “the correct research
respondent?” To think that you were only talking about qualitative
research.We have had FGDs and FGDs and IDIs. In most of them, our
respondent recruiters got for us whoever was available or respondents who can
talk on the subject—two respondent recruiting criteria you regarded as
incorrect. But we always got useful consumer insights out of such
respondents.So we don’t see what difference it will make if we apply your
correct IDI respondent recruiting rule.
It was clear to us that your rule is “good in theory but not in
practice.”Even for our quantitative research like our UAI or product prototype
testing, we noted that your User-Friendly Marketing Research book
requires us in addition to representativeness and random selection to ask
of our respondent sample your qualifying question, “Are these the
consumers from whom you can learn the most?” Our two contracted
research agencies never asked such respondent qualifying question but we
never got into any kind of trouble.Our UAIs had always helped identify
our appropriate target market segment and brand positioning. Our
product prototype testing never failed to tell us in what product
attributes our test product is better than or not as good as that of the
competition.So again, we ask: “What’s with all the fuss?”
Answer: Your candid way of speaking
what’s on your mind is endearing. But you have to be open to exceptions
to your generalizations.Let’s talk about exceptions. While your UAIs “had
always helped identify (your) appropriate target market segment and brand
positioning,” sooner or later you will experience the humbling exception.In the
UAI study for pH Care, for example, the target respondents that Unilab
initially defined were the feminine wash users.It turned out that this segment
represented only 18 percent of the total market of menstruating women.
The larger segment to go after was the 82 percent non-users. When pH Care
targeted this larger segment, it gave the brand a whopping market share of 52
percent.It was also the respondents who revealed its differentiator
positioning.
I will say something similar about your product testing where
you claim that it has “never failed to tell (you) in what product attributes
(your) test product is better or not as good as competition.”Once, a
telecommunications company contracted me to reanalyze its product testing data
on international remittance. The company’s research users were unhappy
with the data analysis that its research agency did.In the product testing, the
research agency asked users of client’s remittance service to compare it with
that of competition. Another sample of respondents who were users of the
competitor’s remittance service were asked to compare that with the client’s
service.
The results showed parity preference between the two “competing”
services. The client company interpreted this result as implying that
they just had to invest more in promoting their brand against that of the
competitor.In the reanalysis, I found a questionnaire item that asked both
respondent samples what remittance service they had used in the past and which
service they used most often. Neither the client’s nor the competitor’s
service ranked in the top 3. The most used services were Western Union
and unbranded door-to-door remitters who were tied for first place. The
implications were clear. The true competitor was the consumer-defined
one: Western Union and the unbranded door-to-door.For data on what attributes
your test product being better than or not as good as competition’s, that’s not
going to come from the respondents who were the customers of the
marketer-defined competitor, the other telecommunications company. It was
the Western Union and the door-to-door customers who were the respondents from
whom to learn the most and whose responses will define the right
weakness-correcting campaign.In qualitative research, such kind of “exceptions”
happen. A leading consumer food company once contracted me to undertake a
“reconvened FGD” to product-test its instant rice porridge and find out how
mothers compare it with competition, which was another rice porridge brand by
another consumer food company.
After trying the client’s rice porridge, from one FGD to the
next, mothers who tried cooking and serving to their children the test porridge
gave a similar response of rejection: “Hindi masarap” (It does not taste
good)–both the client’s and the competitor’s.When asked what they found wrong,
a similar set of responses was heard: “Ang talagang masarap ay yung aming lugaw
na niluluto” (What really tastes good is what we cook and serve). It
became clear to the client that it should have tested against the
consumer-defined competitor and that’s no other than the mothers
themselves. The product testing should have asked the respondents to
compare the client’s rice porridge with the rice porridge that the respondent
mothers cook and serve.So as you can see, getting the correct research
respondent is no small matter.
That the respondents of your UAIs and product testing
have “always” been right is pure coincidence.I will say the same thing about
your selection of respondents for your qualitative research.I end with a few
words about your attitude toward research.Because you regard research as a mere
support to your marketing decisions and campaigns, in a failed decision or a
flawed campaign, you never traced to research the source of failure.But as you
should have appreciated from the foregoing, the role of market research has
taken on a strategic significance.The feminine wash case, the telecom
remittance case, and the rice porridge case prove that market research is
strategic.The correct market research is also a competitive advantage because
you know something about your consumer and your market that is unknown to your
competitors.
Keep your questions coming.
Send them to me at ned.roberto@gmail.com
http://business.inquirer.net/192681/why-fuss-over-such-a-trivial-research-matter-as-research-respondent
APEDA India (News)
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International
Benchmark Price
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Rice Dept to unveil
7 new breeds of rice
ไม่มีรายการวีดีโอ Date : 29 พฤษภาคม 2558
Thailand’s Rice Department will celebrate this
year’s “Rice and Farmer’s Day” by unveiling seven new strains of rice. Her
Royal Highness Princess Maha Chakri Sirindhorn will inaugurate this year’s
ceremony and the department will unveil seven newly approved breeds of rice.
The new rice strains include indigenous breeds that will soon be certified with
Geographical Indicators as well as fast-growing strains that can be utilized
outside of the rainy season.
The department revealed that June 5 of every
year is “Rice and Farmer’s Day,” as well as the anniversary of the day when
King Rama VIII, His Majesty King Ananda Mahidol, and King Rama IX, His Majesty
King Bhumibol Adulyadej, visited the rice farms of Bang Khen district and sowed
rice seeds into the fields. It is an auspicious day for rice farming in
Thailand and honors all rice farmers in the Kingdom. The department
Secretary-General revealed that there are currently 60 million rai of rice
paddies in the Kingdom, tended by approximately 17 million farmers. Rice
exports have generated approximately 200 billion baht in annual revenue.
- See more at:
http://thainews.prd.go.th/CenterWeb/NewsEN/NewsDetail?NT01_NewsID=WNSOC5805290010043#sthash.xIHXT0bL.dpuf
Basmati rice to get
IPR protection as exporters support Centre’s view
Chennai-based
Intellectual Property Appellate Board is slated to hear the claims of all the
parties for three consecutive days from July 8 for granting GI certification to
Basmati rice
country. With its exporters supporting the Centre’s view that
Madhya Pradesh can’t be deemed part of the Indo-Gangetic plain, decks have been
cleared for Basmati’s entry into the coveted Geographical Indications (GI)
Registry. GI protection in India would lead to similar recognitions in other
countries, which means India’s competitors would be barred from using the
Basmati tag.
India’s basmati rice exports,
which had touched a record Rs 29,000 crore in 2013-14, fell to Rs 27,600 crore
in 2014-15, due to a decline in shipments to Iran.Official sources told FE that
Chennai-based Intellectual Property Appellate Board (IPAB) is slated to hear
the claims of all the parties for three consecutive days during July 8-10 for
granting GI certification to basmati rice.
The GI Registry, in a directive
issued on December 31, 2013, had asked the Centre if Madhya Pradesh could be
included in the definition of traditionally basmati-growing geography, inviting
strong reactions from the commerce and agriculture ministries, which thinks the
state’s claim is unjustified.Even as the issue was pending with the GI
Registry, the Madhya Pradesh government had moved the IPAB. The Agricultural
and Processed Foods Export Development Authority (Apeda) has now told the IPAB
that MP’s claim is invalid. Under the Geographical Indications of Goods
(Registration and Protection) Act, 1999, Apeda is designated to be the custodian
of GI rights for farm produce.
“Considering the Madhya Pradesh
case for inclusion in basmati growing region would amount to playing with
rights of those farmers who have been traditionally growing basmati in
Indo-Gangetic plain,” a commerce ministry official said.Leading agricultural
scientists have also opposed Madhya Pradesh’s attempt to be included in
basmati-growing regions, by stating that it would adversely impact the
‘quality’ of basmati rice and sully its global repute. “Claiming rice grown in
Madhya Pradesh as basmati is not correct as we have developed seed varieties
keeping in mind agro-climatic zones of the Indo-Gangetic plain,” KV Prabhu,
deputy director, Indian Agricultural Research Institute (IARI), and a
well-known rice breeder, had recently said.
In 2009, Apeda under the commerce
ministry had applied to the GI Registry asking for exclusive (commercial) use
of the basmati tag for the grain varieties grown within the boundaries of the
Indo-Gagentic plain in Punjab, Haryana, Uttarakhand, Himachal Pradesh and 26
districts of western Uttar Pradesh and two districts of Jammu and Kashmir.GI
ascribes ‘exclusivity’ to the community in a defined geography rather than to
an individual as in the case of trademarks and patents.Madhya Kshetra Basmati
Growers Association Samiti and a leading basmati rice exporter, LT Foods, along
with Madhya Pradesh’s department of farmer welfare and agriculture development,
had approached the GI Registry jointly in 2013.During 2008-10, India and
Pakistan had initiated steps to register basmati under GI as ‘joint heritage’
for protecting its premium market abroad. But that bid did not fructify due to
opposition to it within Pakistan.In the absence of GI, many private companies
have been unsuccessfully trying to register their products as ‘basmati’, which
commands a premium in the global market. The IARI has developed Pusa 1121
basmati rice variety, which is grown in more than 60% of basmati rice areas.
First Published on May 27, 2015 12:09 am
The India Express
Cuba Removed from State
Terrorism List
Cleared by State
WASHINGTON, D.C.- The State Department has announced that Cuba will
no longer be designated as a state sponsor of terrorism effective immediately.
"Today's decision, made by Secretary Kerry, is an important step
towards achieving normal commercial relations between the United States and
Cuba, which has long been a key goal of U.S. rice producers, millers and
exporters," said Bob Cummings, USA Rice COO. "Much work remains, but this step is critical
to improving the overall political relationship between the two countries. USA
Rice will continue its leadership role in seeking the removal of obstacles to
travel and trade with Cuba."
Removing Cuba from this list also opens up eligibility for aid under the
Foreign Assistance Act (FAA), including food assistance programs managed by the
U.S. Agency for International Development.
The State Department noted that, "While the United States has
significant concerns and disagreements with a wide range of Cuba's policies and
actions, these fall outside the criteria relevant to the rescission of a State
Sponsor of Terrorism designation."
Contact: Kristen Dayton (703) 236-1464
USA Rice at Seoul Food and
Hotel Show; Interest in U.S.-Grown Rice for Manufacturing
Busy booth
ILSAN,
SOUTH KOREA - Earlier this month, USA Rice opened its popular booth in the U.S.
pavilion of the Seoul Food & Hotel Korea exhibition here. The show is
Korea's longest running, and Asia's third largest, food trade show with more
than 40,000 attendees from 39 countries. USA Rice displayed U.S. medium and
long grain rice and conducted recipe demonstrations using U.S. medium grain
rice in kimbob (rice roll wrapped with seaweed) and fried rice. Steamed white
rice was presented to showcase the performance of U.S. medium grain
rice.Approximately 1,000 registered guests from food service, food
manufacturing and distribution fields visited the USA Rice booth during the
show. Among the visitors were representatives of some major food manufacturers
interested in using U.S. rice as an ingredient for their product development,
such as retort fried rice, rice cakes, and rice flour. USA Rice staff will
follow up for possible diversification of U.S. rice into food manufacturing sectors.
The
Korean government has purchased 64,000 MT of U.S. brown rice for processing
purpose as of May 15, 2015. Another tender was held on May 21, which includes
10,000 MT of USDA #1 medium grain milled rice for table rice purposes and
38,352 MT of USDA #3 Medium Grain Brown Rice for processing purposes. Results
of the tender are pending at this time.
Contact: Bill Farmer (832)
302-6710
Weekly Rice Sales, Exports
Reported
WASHINGTON,
DC -- Net sales of 69,700 MT for 2014/2015 were up noticeably from the previous
week and up 35 percent from the prior 4-week average, according to today's
Export Sales Highlights report. Increases were reported for Mexico (17,800 MT),
Colombia (15,300 MT), Haiti (14,400 MT), Honduras (12,900 MT, including 11,000
MT switched from unknown destinations), and New Guinea (7,500 MT, including
7,000 MT late reporting).
Decreases
were reported for unknown destinations (11,500 MT) and Guatemala (4,200
MT).Exports of 61,700 MT were down 29 percent from the previous week and 12 percent
from the prior 4-week average. The
primary destinations were Haiti (14,400 MT), Honduras (12,700 MT), Japan
(12,000 MT), New Guinea (7,500 MT, including 7,000 MT late reporting), and El
Salvador (4,700 MT).
This summary is based on reports from exporters from the period May
15-21.
USA Rice Federation
Kharif coverage up a tad at 59.56 lakh ha
NEW DELHI, MAY
29:
The total sown area under kharif crops stands at 59.56 lakh
hectares (lh), a tad up than 59.47 lh sown during the corresponding period last
year, according to data released by the Agriculture Ministry here on Friday.The
area under rice is up 21.3 per cent, from 2.54 lh in 2014-15 to 3.08 lh this
year while oilseeds acreage has touched 0.16 lh from 0.04 lh a year ago. After
rice, soyabean is the most widely cultivated Kharif crop.Sugarcane acreage
slipped by 5.17 per cent to 40.70 lh . Sowing of cotton is up 14.2 per cent
with 8.82 lh under coverage compared to 7.72 lh earlier while area under jute
and mesta touched 6.81 lh from 6.25 lh.
The India Meteorological Department has predicted that the
four-month long South-West monsoon is likely to hit Kerala on Saturday with a
model error of four days. It has predicted the monsoon this year to be at 93
per cent of the long-period average of 89 cm mainly due to developing El Nino
conditions.
(This article was published on May 29, 2015)
http://www.thehindubusinessline.com/industry-and-economy/agri-biz/kharif-coverage-up-a-tad-at-5956-lakh-ha/article7260907.ece
CME Group/Closing Rough Rice Futures
|
Courtesy: USA Rice Federation
Farmers to be educated on
modern rice production methods
Posted
May 29, 2015 at 10:23am
Ensuring food
security is critical to sustainable livelihood and development.However, this
can only be achieved in an enabling policy environment for key actors in the
agricultural sector.It is in this vein that the John Agyekum Kufuor Foundation
in partnership with the Ministry of Food and Agriculture, Technoserve, as well
as the Ghana Grain Council is to educate farmers and stakeholders on modern
methods of rice production.Addressing the participants, the Policy Advisor of
the JAK Foundation, Nana Ama Oppong-Duah said Ghana can be self-sufficient in
rice production if policies that buttress the rice value chain are implemented
and managed well.
http://m.gbcghana.com/1.4136844
Rice supply-demand outlook improving,
prices not so much
Burma,
Cambodia returning to rice export market
“World consumption is expected to
exceed production by 6.9 million metric tons,” says Dr. Childs, who contributes
the rice analysis for the WAOB. “As a result, ending stocks for 2015-16
are projected to drop 7 percent to 91.5 million tons, the lowest since 2007-08.
This is the third consecutive year of declining global ending stocks of rice.”
All the signs point to an improved supply and demand situation
for the global rice industry. But that doesn’t mean world rice prices will move
higher any time soon, according to Nathan Childs, senior agricultural economist
with USDA’s Economic Research Service.The world is expected to have record rice
crops in 2015-16, with production projected to be up 1 percent from 2014-15,
but total supplies are expected to decline for a second consecutive year due to
a smaller carry-in, he says.
Dr. Childs was the featured
speaker for the University of Arkansas Extension Services’ new webinar series.
His topic, “2015-16 U.S. and Global Rice Outlook with Nathan Childs,” was a
timely one for producers who have been struggling with the weather on one hand and
with lower rice prices on the other.USDA’s World Agricultural Outlook Board,
which provides the Agriculture Department’s monthly World Agricultural Supply
and Demand Estimates, is estimating world rice consumption will increase by 1
percent from 2014-15.“World consumption is expected to exceed production by 6.9
million metric tons,” says Dr. Childs, who contributes the rice analysis for
the WAOB.
“As a result, ending stocks for
2015-16 are projected to drop 7 percent to 91.5 million tons, the lowest since
2007-08. This is the third consecutive year of declining global ending stocks
of rice.”Carry-in stocks of rice from the previous marketing year are projected
to be down 8 percent from a year earlier, he said. “This is the second year of
a smaller carry-in with India and Thailand – the two largest rice exporters –
accounting for most of the projected reduction in the 2015-16 carry-in.”
SME Exporters to Yemen
request facilities to call back cargo
May
29, 2015
Karachi, May 29, 2015 (PPI-OT): The
Union of Small and Medium Enterprises ( UNISAME ) has invited the attention of
the State Bank of Pakistan (SBP ) to the difficulties faced by exporters who
exported goods to Yemen under confirmed orders and request facilities for
alternative disposal.President UNISAME Zulfikar Thaver said the cargo for
destination port of Aden was off loaded at the nearby port of Djibouti due to
non functioning of Aden port. However since the letter of credit was from the
opening bank in Yemen, the negotiating banks dispatched the original documents
to the opening bank in Yemen.He said in the meantime there was warfare in Yemen
and the port closed compelling the vessels to divert to nearby ports.
Thaver has urged the SBP to take
cognisance of the fact and facilitate those exporters who desire to call back
the goods and save them from losses.He invited the attention of the SBP to the
extraordinary demands of the negotiating banks asking exporters to return the
value of the bills discounted by them. Moreover the shipping companies are
asking for double the amount of guarantees. The exporters are not in a position
to return the amounts and need time to time to arrange disposal of the cargo
and minimize the losses.
Thaver complained and requested
intervention by SBP to direct the commercial banks to cooperate with the
exporters and enable and facilitate the exporters to call back the goods and
give them sufficient time to change the packing and re-export the goods without
charging them mark up and also not burdening them to provide guarantees to the
shipping companies.He pointed out that since this is an unforeseen incident and
no mistake of the shippers the exporters need to be facilitated to overcome the
predicament without any penal interest and all mark up must be waived.
For
more information, contact:
Union
of Small and Medium Enterprises (UNISAME)
75/1
3rd Commercial Street,
Phase
IV, D.H.A., Karachi, Pakistan
Tel:
+92-21-35884225-6
Fax:
+92-21-35380642
Cell:
+92-300-8245307, +92-321-8245307
Email:
unisame@gmail.com
Soc Trang records fragrant rice success
HCM
CITY (VNS) — The cultivation of fragrant rice in the Cuu Long (Mekong)
province of Soc Trang has shown good results, according to experts.Soc Trang,
the main fragrant-rice-growing in the delta, has around 148,000ha under rice,
with 44 per cent of it earmarked for speciality varieties, mostly of the
fragrant kind.In 1992-2015, Soc Trang spent more than VND9 billion (US$430,000)
on 20 programmes for creating and restoring speciality rice varieties.One of
them, to create the ST fragrant rice strain, has ended with many varieties
ranging from ST 1 to ST 25.Many of them are exported at high prices.ST 5, for
instance, has fetched over US$600 a tonne for the past seven years.Speaking at
a seminar held in the province on May 15, Ho Quang Cua, deputy chairman of the
Soc Trang Union of Science and Technology Associations and also one of the
local scientists who researched and created the ST varieties, said many farmers
growing fragrant rice made profits of 50 -70 per cent.
"This
is the important factor for the province to develop fragrant rice."Cua and
his research group are planning to popularise ST varieties from 20 to 25, red
ST, and purple ST so that more of them are grown for export. The export prices
of these are as high as $800 a tonne.Many co-operatives in the province have
tied up with companies to ensure there are outlets for their fragrant rice.The
Hoa Loi Rice – Shrimp Co-operative in My Xuyen District is one such.Mai Van
Chanh, its chairman, said farmers who grew rice on a small scale often did not
know the techniques and have supporting services.Since 2009 Can Tho city–based
Gentraco Feed Joint Stock Company has been contracted with the co-operative to
buy rice from its members.Chanh said it paid 20 – 25 per cent higher than the
market price."The co-operative's farmers earn an average of VND20 million
($950) per hectare more than other farmers.
"Vo
Tong Xuan, rector of the Southern Can Tho University, hailing Soc Trang's
scientists for creating the ST variety, said the province should solicit
investment in rice drying, husking, polishing, and packaging facilities.Seminar
participants said the profits from speciality rice strains are very high,
adding if the grain was grown using a proper model like the large-scale rice
fields and there was co-operation between farmers, scientists, companies, and
authorities, farmers could enjoy up to 84 per cent of the profit made through
the chain until the rice reaches the consumer.Le Thanh Tri, deputy chairman of
the Soc Trang People's Committee, said to further develop speciality rice
farming, the province needed to dissuade individual and small farming and
strengthen co-operation between farmers, scientists, companies, and the
Government.The province should provide farmers with advanced technologies and
create more high-quality rice strains suitable for harsh weather conditions, he
added. —VNS
http://vietnamnews.vn/society/271059/soc-trang-records-fragrant-rice-suce
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