Rice News Headlines...
ü India may achieve rice production target of 106 mt
ü PHL trims Q3 rice production estimate, stocks shrink
further
ü Rice farmers worry glut will force down prices
ü APEDA Commodity News from India
ü Knowledge regarding climate change in Pakistan appalling
ü Banks try to forcibly recover loans from rice millers
ü Ban on inland importation is still in force – Ministry
ü India’s poorest district Nabarangpur, MNC seed majors are
growing deep roots
ü One record we are not proud of
ü More cane growers jump on board as Mackay's latest rice
crop flourishes
ü Rice retailers reluctant to cut prices
ü Thai famers warned again not to grow off-season rice
ü 7th rice auction fetches 1.05 billion baht with 1.4 billion
baht loss
ü Nigeria To Stop Rice Importation In The Next 2 Years
ü Muslim religious leaders called for agri dev't
ü PhilRice Midsayap, DSWD forge partnership
ü Rice off the menu: Asia's hunger for bread and pastries
boosts wheat demand
ü Purple bran rice defies convention
ü Govt sells rice at B14,000 loss per tonne
ü Anuga 2015:
Understanding Challenges Facing U.S. Rice in Europe
ü
CME
Group/Closing Rough Rice Futures
News Detail...
India may achieve rice production target of 106 mt
Rice production in India, the world’s second largest
producer after China, may achieve the target this year even as deficient
monsoon is expected to lower output of other crops.The output may be between
106-108 million tonnes, KV Prabhu, joint director at the Indian Agricultural
Research Institute (IGRI), said in New Delhi on Thursday. Despite an overall
deficit in rainfall, rice yield has improved due to adoption of new technology,
he said. As of now, he also foresaw no problem for rabi rice.
India
received 14 per cent lower than normal rains during the June-September monsoon
season as the emergence of El Nino in the second half of the year affected the
weather pattern. The government has estimated kharif foodgrain output to fall
to 124.05 million tonnes from 126.31 million tonnes a year earlier.The kharif
rice output is pegged at 90.61 million tonnes in the first advance estimate by
the agriculture ministry. The first estimates of crops are normally pegged at a
conservative level and revised upwards in subsequent releases. The government
has targeted 106.1 million tonnes of rice production this year from both kharif
and rabi seasons.
As farmers make every effort to protect their crops and increase yield, the government should also help them when prices fall, Prabhu said. He also said that the government should set up a trading company exclusively for basmati rice.“Demand for basmati rice will not reduce. As traders control the system, the government should think of increasing the holding capacity of farmers so that they are not forced to sell on distress,” said Prabhu, one of the breeders who developed Pusa 1509 basmati rice that yields the highest quantity in little time. farmer gets 5.5 tonnes of paddy in Pusa 1509 in 120 days while the productivity drops to about 4 tonnes in another high yielding Pusa 1121 basmati variety.Currently, farmers of these two basmati varieties are not even realising their cost of production, he said, adding things would have been different had farmers heeded to the advice of finishing transplanting during the first week of August.As the duration of the crop is 120 days compared with 145 days or more in case of other varieties, farmers should plan in such a way that it can be harvested from end of October, Prabhu explained.
prabhudatta.m@mydigitalfc.com
As farmers make every effort to protect their crops and increase yield, the government should also help them when prices fall, Prabhu said. He also said that the government should set up a trading company exclusively for basmati rice.“Demand for basmati rice will not reduce. As traders control the system, the government should think of increasing the holding capacity of farmers so that they are not forced to sell on distress,” said Prabhu, one of the breeders who developed Pusa 1509 basmati rice that yields the highest quantity in little time. farmer gets 5.5 tonnes of paddy in Pusa 1509 in 120 days while the productivity drops to about 4 tonnes in another high yielding Pusa 1121 basmati variety.Currently, farmers of these two basmati varieties are not even realising their cost of production, he said, adding things would have been different had farmers heeded to the advice of finishing transplanting during the first week of August.As the duration of the crop is 120 days compared with 145 days or more in case of other varieties, farmers should plan in such a way that it can be harvested from end of October, Prabhu explained.
prabhudatta.m@mydigitalfc.com
http://www.mydigitalfc.com/agriculture/india-may-achieve-rice-production-target-106-mt-974
PHL trims Q3 rice production estimate, stocks shrink further
THE government
said on Thursday that rice output in the third quarter was likely slightly
lower than initially projected due to crop losses from a drought-inducing El
Niño, pest attacks and typhoons, while stocks shrank for a fourth straight
month.
Rice output in the third quarter was likely slightly
lower than initially projected due to crop losses.
The government figures come ahead an evaluation by the country’s
economic managers of a proposal to import an additional one million tons of
rice for next year’s requirements.The country remains one of the world’s
biggest buyers of rice, with imports approved for delivery this year reaching
nearly 1.8 million tons. An additional 500,000 tons has been purchased and will
be shipped in within the first quarter of next year.Unmilled rice production
from July to September is now estimated at 2.579 million tons against a July
forecast of 2.589 million tons, down nearly 15% from the same period last year,
the Philippine Statistics Authority (PSA) said in a report.
The PSA will announce the actual output figure next month, along with a new forecast for the fourth-quarter harvest.Total stocks of milled rice as of Sept. 1 stood at 1.96 million tons, falling further from this year’s peak of about 3.2 million tons as of May 1, despite recent imports from Vietnam and Thailand.Crop losses and food inflation worries have prompted the Philippines to boost its stocks with fresh imports. It is assuming a 25% drop in rice output due to the impact of the dry spell caused by El Niño, the same magnitude recorded in the 1997-1998 episode of the weather disturbance. – Reuters
The PSA will announce the actual output figure next month, along with a new forecast for the fourth-quarter harvest.Total stocks of milled rice as of Sept. 1 stood at 1.96 million tons, falling further from this year’s peak of about 3.2 million tons as of May 1, despite recent imports from Vietnam and Thailand.Crop losses and food inflation worries have prompted the Philippines to boost its stocks with fresh imports. It is assuming a 25% drop in rice output due to the impact of the dry spell caused by El Niño, the same magnitude recorded in the 1997-1998 episode of the weather disturbance. – Reuters
http://www.bworldonline.com/content.php?section=Economy&title=phl-trims-q3-rice-production-estimate-stocks-shrink-further&id=117035
Rice farmers worry
glut will force down prices
Oct 15,2015
|
|
|
A bumper yield in rice is expected this year,
government officials forecast, accelerating farmers’ worries of a plunge in
prices.
Data from Statistics Korea showed this year’s rice output is forecast to total 4.25 million tons, growing 0.4 percent, or about 17,000 tons, more than last year. The increase is nearly 7.5 percent higher than the average production.
“Last year, there was little damage by major insect pests, diseases and typhoons,” Park Sang-yeong, a Statistics Korea official, said on Wednesday at a briefing in the Sejong Government Complex. Production per 10 ares - an internationally-used gauge - is expected to reach 533 kilograms (1,175 pounds), expanding 2.5 percent from the previous year. It will be the second-largest crop ever, officials said, after 2009.
The record yield is occurring despite Korea losing paddy fields. The total area for rice farming has gradually shrunk over the past years, from 892,000 hectares (2.2 million acres) in 2010 to 816 hectares in 2014. This year it was 799,000 hectares, a drop of 2 percent from last year.
A primary reason for the reduction in paddy fields is the expansion of other interests, such as construction and farming of other agricultural products.
The consumption of rice, however, is also declining. The total amount of rice consumed by an average Korean for an entire year has fallen to 65.1 tons in 2014, from 80.7 tons in 2005.
“Koreans’ appetite has changed into a Western way, preferring meat and bread or skipping breakfast,” an Agriculture Ministry official said. “The new trend in meals is contracting the consumption of rice.”
Despite rising speculation of a rice glut, the government will not raise the amount of this year’s reserved rice, another Agriculture Ministry official said. Rather, it will cut about 70,000 tons for reserved rice from last year to 124,000 tons for this year.
“We set up the amount of reserved rice based on the international standard, allocating 17 percent of consumption,” the official said. “Even if we want to raise it, we can’t do that due to shrinking consumption.”
Currently, an 80-kilogram pack of rice costs 170,000 won ($150) in Korea, below the government target of 188,000 won. Although the government pays 85 percent of the gap between the target and market price to rice farmers, they say the target price should be raised.
Farmers hope the government will purchase more from them as reserved rice, as the government pays more.
“Although farmers receive subsidies from the government if the rice market is in a glut, the subsidies are about 80 percent of market prices,” an official from the South Jeolla Provincial Office in Muan County, a key rice-producing region, said. “Some activists claim an increasing amount of imported rice is triggering a surplus.”
BY KIM HEE-JIN [kim.heejin@joongang.co.kr]
Data from Statistics Korea showed this year’s rice output is forecast to total 4.25 million tons, growing 0.4 percent, or about 17,000 tons, more than last year. The increase is nearly 7.5 percent higher than the average production.
“Last year, there was little damage by major insect pests, diseases and typhoons,” Park Sang-yeong, a Statistics Korea official, said on Wednesday at a briefing in the Sejong Government Complex. Production per 10 ares - an internationally-used gauge - is expected to reach 533 kilograms (1,175 pounds), expanding 2.5 percent from the previous year. It will be the second-largest crop ever, officials said, after 2009.
The record yield is occurring despite Korea losing paddy fields. The total area for rice farming has gradually shrunk over the past years, from 892,000 hectares (2.2 million acres) in 2010 to 816 hectares in 2014. This year it was 799,000 hectares, a drop of 2 percent from last year.
A primary reason for the reduction in paddy fields is the expansion of other interests, such as construction and farming of other agricultural products.
The consumption of rice, however, is also declining. The total amount of rice consumed by an average Korean for an entire year has fallen to 65.1 tons in 2014, from 80.7 tons in 2005.
“Koreans’ appetite has changed into a Western way, preferring meat and bread or skipping breakfast,” an Agriculture Ministry official said. “The new trend in meals is contracting the consumption of rice.”
Despite rising speculation of a rice glut, the government will not raise the amount of this year’s reserved rice, another Agriculture Ministry official said. Rather, it will cut about 70,000 tons for reserved rice from last year to 124,000 tons for this year.
“We set up the amount of reserved rice based on the international standard, allocating 17 percent of consumption,” the official said. “Even if we want to raise it, we can’t do that due to shrinking consumption.”
Currently, an 80-kilogram pack of rice costs 170,000 won ($150) in Korea, below the government target of 188,000 won. Although the government pays 85 percent of the gap between the target and market price to rice farmers, they say the target price should be raised.
Farmers hope the government will purchase more from them as reserved rice, as the government pays more.
“Although farmers receive subsidies from the government if the rice market is in a glut, the subsidies are about 80 percent of market prices,” an official from the South Jeolla Provincial Office in Muan County, a key rice-producing region, said. “Some activists claim an increasing amount of imported rice is triggering a surplus.”
BY KIM HEE-JIN [kim.heejin@joongang.co.kr]
APEDA
Commodity News from India
|
International Benchmark Price
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Price
on: 14-10-2015
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Knowledge regarding climate change in Pakistan
appalling
Published:
October 15, 2015
UAF VC stresses need for
agronomic diversity. PHOTO: REUTERS
LAHORE: Experts,
academics, government officials and civil society activists discussed
Pakistan’s vulnerability to climate change on the second day of Pakistan sey
Paris. The two major areas of concern discussed were the impact of climate
change on the agriculture sector and water scarcity.“Earlier, the optimal season for growing
wheat used to be October. Now it has crossed mid-November,” University of
Agriculture Faisalabad (UAF) Vice Chancellor Iqrar Ahmed Khan observed while
discussing the impact of changing weather patterns. han said two major changes
had impacted crops’ growth cycle. He said these were a rise in
temperature and the erratic behaviour of precipitation.He stressed the need for
agronomic diversity, since Pakistan’s agriculture sector largely focused on
growing wheat, rice, cotton and sugarcane. He said there was a need to look
into new technology to conserve water. “We also need to grow crops that are
more water efficient,” Khan said.
“Agriculture
is amongst the first victims of rising carbon dioxide levels,” said, Food and
Agriculture Organisation Country Director Patrick T Evans said. He said
Pakistan’s efforts to address climate change could result in increased food
insecurity. Evans linked the problem of climate change to growing population. “It
is important to address the issue of population growth,” he said.World Food
Programme Deputy Country Director Stephen Gulling spoke about the need to
create nationally-owned safety nets and programmes to address those
particularly vulnerable to climate change. “We can no longer have a few
organisations working on these issues. This requires strong leadership and
partnership,” he said. Gulling said it was also crucial to look at ways of
producing food that were resilient to climate change.The impact of climate
change on health was discussed by Nosheen Usman of the World Health
Organisation and Heartlife president Sania Nishtar. Usman highlighted the
relationship between rising temperatures and increasing outbreaks of diseases
like malaria and dengue.
Speakers also
pointed out that Pakistan’s response to climate change had been lacklustre.
“Our strategies and plans are the best prototypes but they only exist on
paper,” International Union for Conservation of Nature country representative
Mahmood Akhter Cheema said. He said the rate of deforestation in the country
was also high.“The level of existing knowledge about climate change in Pakistan
is appalling,” United Nations Development Programme Country Director Marc-Andre
Franche said. Franche said while the construction of the China-Pakistan
Economic Corridor (CPEC) in the Northern Areas was a great initiative, it would
also increase truck movement that would lead to environmental degradation. He
stressed the need to maintain a balance between development and the environment
saying, “When it comes to developmental choices, Pakistan is still making
choices of the ’50s and ’60s while the world happens to be in 2015,” Franche
said.
He stressed
the need to promote climate literacy saying it was not restricted to having
more experts on the issue but also about enlightening government officials
across the board. He said it was important to have officials who could think
green when making decisions irrespective of their area of expertise.World
Meteorological Society Vice President Qamaruz Zaman Chaudhry who also authored
the National Climate Change Policy discussed its chief aims. He said it took
into account the need to adapt and introduce smart climate solutions. Chaudhry
also spoke about the forthcoming conference in Paris sounding hopeful of
reaching a final deal. “The US-China and the US-India deals in this regard are
very important,” he said
http://tribune.com.pk/story/973049/knowledge-regarding-climate-change-in-pakistan-appalling/
Banks try to forcibly recover loans from rice millers
Published:
October 15, 2015
Industry says relief package
allows it to delay repayments for a year. PHOTO: FILE
LAHORE: The
difficult days of people associated with the agriculture industry, particularly
rice growers, millers and exporters, seem to be not ending as many banks are
heaping pressure on mill owners to return their debt, the payment of which was
deferred for a year under the prime minister’s relief package.
“Nearly all
banks have stepped up pressure on us; in fact few of them have deployed staff
in our warehouses and are not allowing owners to enter the premises until the
clearance of debt,” said Faisal Cheema, Chairman of the Rice Mills Association,
while talking to The Express Tribune.Under the Rs341-billion relief package, the
repayment of outstanding loans of rice millers has been delayed until June
2016. Moreover, the millers have also been exempted from the minimum turnover
tax for the tax year 2015 on the recommendation of a standing committee.
The decision
was taken in a meeting arranged by the State Bank of Pakistan (SBP) on
September 4 this year. The huddle was a follow-up to a meeting held in the
Prime Minister’s Office on September 2 where issues faced by the entire
agriculture sector were discussed.Representatives of the SBP and other banks
agreed in the meeting, where rice millers, growers and exporters were present,
to facilitate the borrowers through loan rollovers and release the commodity
pledged with them as its quality was deteriorating rapidly.However, Cheema
argued that only one bank was following the instructions whereas others were
pressurising the mill owners to repay the borrowed money.
“A fresh
paddy crop has also arrived in the market, but no one is ready to purchase it
because of the stock pile-up, estimated at more than 500,000 tons,” he
said.Outstanding loans of basmati rice millers stood at Rs21.65 billion for
2014-15, whereas the loans taken for processing non-basmati rice stood at Rs8.9
billion.Responding to the criticism from opposition parties, the Election
Commission of Pakistan later suspended application of three features of the
relief package, but it did not touch the incentive given to the rice
industry.The weakening international commodity markets have pushed down prices
of commodities in Pakistan as well and the fresh paddy crop is available at
much cheaper rates than the prices prevailed a year ago.“We were not at all
impressed with the PM’s package; our per-acre loss has already exceeded
Rs50,000,” claimed Haji Ramazan, Information Secretary of the Kissan Board
Pakistan.
“We still
demand announcement of support prices for paddy and cotton crops as the
government did in the case of wheat; this may help stabilise paddy and cotton
prices,” he said. “We know that the Rs5,000 per-acre subsidy given in the
package is not enough and we also know how difficult it will be for poor
farmers to get this facility.”“Growers of every crop are enduring losses due to
the international price pressure; in Punjab it is a real debacle as farmers are
uncertain what to do with the next crop in the face of liquidity crunch in the
market,” said Hamid Malhi, Director of Farmers Associate Pakistan.“If we wait
for the market to stabilise on its own, then it will turn into a nightmare for
the farmers; the government should take action to save the rural economy,”
Malhi added.
Published in The Express
Tribune, October 15th, 2015.
Ban on inland importation is
still in force – Ministry
The Ministry of Trade and Industry says it has not lifted the
ban on inland importation of rice.
Government in 2013 imposed the ban to among other things ensure that government revenues are not lost to the smuggling of rice into the country following concerns the product was being smuggled into the country through the borders.The importers and Exporters Association of Ghana has however, expressed worry about the 2yr-old ban saying rice is still finding its way onto markets through unapproved routes.Executive Director of the association Sampson Asaki Awingobit is unhappy members of the association, are paying close to 42 percent in taxes including the 17.5 percent VAT and other import duties, while “others are easily smuggling the product into the country and competing with us on the market. This is simply unacceptable.
Government in 2013 imposed the ban to among other things ensure that government revenues are not lost to the smuggling of rice into the country following concerns the product was being smuggled into the country through the borders.The importers and Exporters Association of Ghana has however, expressed worry about the 2yr-old ban saying rice is still finding its way onto markets through unapproved routes.Executive Director of the association Sampson Asaki Awingobit is unhappy members of the association, are paying close to 42 percent in taxes including the 17.5 percent VAT and other import duties, while “others are easily smuggling the product into the country and competing with us on the market. This is simply unacceptable.
You cannot say you have
placed a ban on the importation of a product and after several months the
products are still found on the market.”Mr. Awingobit accused the ministry of
either “failing to deliver on its promise to ensure the law is adhered to or is
simply playing games with us. We want the ministry to constitute a taskforce to
clamp down on perpetrators.”Deputy Trade and Industry Minister Murtala Mohammed
however said the ministry is not aware of any rice smuggling activities on the
borders of Ghana.He emphasized that the ban is still in force saying there
might be the need to strengthen an existing task force to ensure
compliance.Bringing rice into this country illegally, he stressed, “is a crime
because you evade tax and deprive the country and its people of much needed
development, but we will investigate it to find out whether there is some truth
in the allegations that have been made by the rice importers.
”A taskforce the minister added is already in place
to check illegal importation and have already done some work on the matter.“I
have even signed another document for them to go and do some more work but if
the importers have any evidence on the issue, they should just report it to the
ministry and we will ensure the taskforce clamps down on the perpetrators,” he
noted.
http://www.ghanaweb.com/GhanaHomePage/business/Ban-on-inland-importation-is-still-in-force-n
India’s poorest district Nabarangpur, MNC seed majors are growing
deep roots
Adivasi, Dalit
farmers in Nabarangpur choose hybrids over traditional varieties.
Hybrid seed brands at a store in Nabarangpur. (Source: Express
photo by I Kameswar Rao)
It is India’s poorest district with over 70 per cent Adivasi and
Dalit population — and yet a booming market for multinational and large
domestic seed companies.The likes of Bayer CropScience, Syngenta,
DuPont-Pioneer, Tata-Metahelix, US Agriseeds, Shriram Bioseed, JK Seeds and
Advanta are reckoned to have sold 600-650 tonnes of hybrid paddy seeds in
Nabarangpur district this kharif season. At an average of six kg planted per
acre, these would have covered more than one lakh acres, or 40 per cent of
Nabarangpur’s estimated paddy area of 100,684 hectares (2.5 lakh acres) this
kharif season. This is way above the 5 per cent share of hybrids in the
country’s cultivated rice area.
“Traditional/local varieties account for barely a tenth of the
district’s total paddy area today. The balance 90 per cent is under open-pollinated
high-yielding varieties (HYV) developed by public sector institutions and
privately-bred hybrids. Within the 90 per cent, there could be a roughly 60:40
split between HYVs and hybrids,” says Sushil Haldar, Deputy Director of
Agriculture, Nabarangpur.Such high levels of hybrid penetration may seem
counterintuitive in a poor and backward district, dominated by Adivasi tribal
communities such as Bhatra, Gond and Kandha.It is even more pronounced in
maize, where hybrid seeds coverage for Nabarangpur is 100 per cent, as against
the national average of 60 per cent. In 2013, when acreages peaked,
multinationals led by Monsanto, DuPont-Pioneer, Limagrain and Syngenta —
besides Shriram Bioseed, Kaveri Seeds and the Thailand-based Charoen Popkhand —
reportedly sold 1,300-1,400 tonnes of hybrid maize seeds in the district. At 8
kg per acre, these would have got planted in 160,000-175,000 acres.The
widespread adoption of hybrid technology may owe partly to aggressive marketing
by firms — clearly noticeable from the posters of various hybrid seed brands
plastered across walls and roadside trees across the district.
But that isn’t the sole reason.
“With Sopori (an indigenous rice variety), I get only 10-12
quintals of paddy per acre, whereas it is 18-20 quintals from Pooja (an HYV
bred by the Central Rice Research Institute, Cuttack) and 25 quintals from
Dhaanya (the hybrid brand of Tata-Metahelix),” says Prabhunath Pujari, who has
a five-acre farm near the Kosagumuda block headquarters. This Adivasi grower
has, in the current season, planted Pooja paddy in three acres and the Dhaanya
DRH-748 hybrid in the remaining two acres.Higher yield apart, farmers also cite
lower labour requirement as a major advantage with hybrid paddy.“Since the seed
rate is six kg per acre, you can have a plant-to-plant distance of 10 inches
and it takes only 10 labourers to transplant one acre in a day. In the case of
varieties, you need to plant 20 kg, which means a spacing of just four inches
between plants which requires four times the labour,” says Praful Kumar Nayak,
who has a 25 acre farm in Badambada village of Kosagumuda block.
Nayak, who belongs to the Mirgan Dalit caste, grows Bayer
CropScience’s Arize-6444 Gold hybrid and a publicly-bred HYV, MTU-1001, on 10
acres each. On the five remaining acres, he cultivates Haldigoti, a traditional
paddy purely for his family’s consumption. “It costs Rs 1,600 to plant six kg
of hybrid paddy seeds, compared to Rs 320 for 20 kg of MTU-1001. But this is
compensated by higher yields and lower labour requirement. I plant MTU-1001
only because it is more disease-resistant,” he says.Whatever might be the
driving factors, one thing is clear: Nabarangpur’s farmers have taken to hybrid
technology as much, if not more, than their counterparts in ostensibly richer
and less backward parts of India.
http://indianexpress.com/article/india/india-news-india/in-countrys-poorest-district-nabarangpur-mnc-seed-majors-are-growing-deep-roots/#sthash.bebpme6z.dpufMinistry-387814
One record we are not proud of
THERE is one record we are not proud of: We are the biggest
importer of rice in the world.
In 2014, according to the International Rice Research Institute,
the Philippines imported 1.7 million metric tons of rice. This year, 2015,
937,000 tons of rice have already entered the country, the National Food
Authority (NFA) said. Before the year ends, 250,000 more tons of rice will be
coming due to the expected shortage resulting from the worsening El Niño
drought.This record of being the world’s biggest rice importer is specially
grating to us in view of the fact that only two years ago, the administration
was claiming we are about to achieve self-sufficiency in our rice production.
The Department of Agriculture (DA) had succeeded in developing high-yielding
rice varieties, some resistant to floods, some to drought, some to various
plant diseases.
While the El Niño drought, which is now spreading in the
country’s rice producing areas, has necessitated the big importations to avert
a potential spiking of rice prices, this should not stop the government from
proceeding with long-term plans to develop Philippine agriculture, the rice
industry in particular.Sen. Chiz Escudero noted the other day that in the
proposed national budget for 2016, the Department of Agriculture has a budget
of only P93.4 billion. It should be two to three times that figure, he said. In
particular, he cited a huge backload in farm-to-market roads for which P200
billion would be needed. More funds would also be needed to restore neglected
irrigation systems and build new ones.A comprehensive and long-term program for
Philippine agriculture is needed. The Bureau of Plant Industry is said to have
already developed drought-resistant rice varieties that farmers can plant
during the dry months of El Niño. It must be similarly ready to reach out to
farmers with flood-resistant rice varieties, for Philippine weather is a
succession of wet and dry periods. An over-all agricultural development program
must also include post-harvest facilities, marketing assistance, cooperative
organizations, and ways to meet many other needs of farmers.
Poverty remains the single biggest problem of our country today,
and most of the nation’s poor live in the rural areas. Agricultural progress
should, therefore, be a big part of any systematic poverty alleviation program.
An increase in the funds for agriculture in the national budget for 2016 could
be a first step in this direction.
Read more at http://www.tempo.com.ph/2015/10/15/one-record-we-are-not-proud-of/#2HhgPRFCWjEmjKB7.99
More cane growers jump on board as Mackay's latest rice crop
flourishes
Posted
Just three months after the
Mackay region's first commercial rice crop was harvested, a new crop is
flourishing with a much bigger set of numbers.
Media player: "Space"
to play, "M" to mute, "left" and "right" to seek.
00:00
00:00
Agronomy business Farmacist now has eight cane growers hosting a
rice crop totalling 64 hectares.Agronomist Natalie Fiocco said the success of
the first harvest in July had convinced other cane growers to consider rice as
a supplementary crop, especially with extremely low sugar prices this
year."A lot of them had shown interest in the last crop and we've got a
lot more interest in the [upcoming] summer crop as well," she
said"This crop's growing quite well and we haven't had any
issues."It's all come up with really good strike [rate] and we've got good
weed control."There are several firsts about this crop, which was planted in
August and is now 10-15 centimetres tall.
We wanted to check how much water you would require for the
winter crop, because obviously we don't get a lot of rainfall at this time of
year.
Natalie
Fiocco, Agronomist
This is the region's first winter-spring crop, so Farmacist is
testing it under drier conditions, venturing into a whole new set of
unknowns.Then there is the scale of this crop, which is six times as big as the
first crop.Showing the rapid growth in interest among cane growers, only one
grower hosted the first crop, whereas there are now eight growers on board.The
crop will be harvested in December, and apart from the goal of making money by
selling the rice, Farmacist hopes it will teach growers more about rice in
Mackay at this time of year."We wanted to check how much water you would
require for the winter crop, because obviously we don't get a lot of rainfall
at this time of year," Ms Fiocco said."They say you use about 10
megalitres to the hectare for a good crop of rice, and we are still looking at
how many megs we are going to need.
The variety of rice is called doongara and unlike most rice
crops, such as those in Asia, this variety does not need to grow in flooded
paddies, and it requires much less water.
Rice retailers reluctant to cut prices
KARACHI: Wholesale prices of rice have been on the slide since
2013-14, but retailers are reluctant to pass on the benefit to consumers.
Prices of various varieties of rice are falling mainly because
of good crop and surplus stocks in the market, said Malik Zulfiqar Ali, senior
vice chairman of the Karachi Wholesale Grocers Association (KWGA).Rates fell by
Rs10-15 per kg of all the varieties in 2014-15 and Rs20-25 per kg in 2013-14.
The wholesale price of Super Basmati rice has fallen to Rs80 per kg now from
Rs120-130 in 2013-14, while Kainat Basmati is now available at Rs100 per kg
compared to Rs150 per kg.Basmati-386 price fell to Rs40 from Rs60-65 per kg.
Its new crop is now quoted at Rs32-35 per kg. Another variety of high quality
basmati is now selling at Rs80 per kg in Dandia Bazaar as compared to Rs120
earlier this year. The wholesale price of Irri-6 is Rs28-30 per kg against
Rs38-40 in 2013-14.Ali said huge quantity of basmati is finding its way into
markets because of a slowdown in its exports since 2013-14.
“The government should do something for rice growers and provide
incentives to them,” he said. “It should also help exporters by giving some
subsidy or rebate.” He said India is selling its rice at lower price which is
also affecting Pakistan’s exports.Retailers, on the other hand, are
capitalising on the lack of consumers’ awareness about wholesale prices. They
have kept the rate of Super Basmati in the range of Rs160-170 per kg while for
No.2 quality they charge Rs140-150.Moreover, consumers usually do not have an
eye for detecting the mixing of rice qualities by retailers.In July-August
2015-16, basmati exports fell to $70 million (57,540 tonnes) from $86m (66,833
tonnes) a year ago. In 2014-15, basmati exports fell to 490,831 tonnes ($587m)
from 667,523 tonnes ($770m) in 2013-14.In other rice varieties, exporters
shipped lower quantities in July-August 2014-15 but fetched good price. By
contrast in the first two months of this fiscal year, exporters earned low
price despite sending higher quantities.According to the Pakistan Bureau of
Statistics, exports of other varieties rose to 338,659 tonnes ($143m) in
July-August 2015-16 from 281,251 ($144m).However, exports of other varieties
rose to 3.29m tonnes ($1.44 billion) in 2014-15 from 3.04m ($1.4bn) in 2013-14.
Published in Dawn, October 15th, 2015
http://www.pakistanpost.pk/2015/10/rice-retailers-reluctant-to-cut-prices.html
Thai famers warned again not to grow off-season rice
[google-translator]
Famers warned again not to grow
off-season rice
BANGKOK: — The Agriculture and
Cooperatives Ministry has warned farmers again not to plant off-season rice as
there is still insufficient water for rice farming in the upcoming dry season
although there would be rains during the past weeks.
The ministry’s permanent secretary
Teerapat Prayoonsit said yesterday that there are several large areas in the
country that did not receive rain in the past few weeks.
In addition, it was apparent that water levels at four major
Irrigation dams namely Bhumibol, Sirikit, Pasak Jolasid and Khwae Noi
Bamrungdaen, and reservoirs and Kam Ling (monkey cheek) retention areas
remained insufficient for the upcoming off-season rice farming next month. Accelerating artificial rain-making
operations to help increase water levels at dams in the north and the
northeastern regions will start by the end of this month when farmers will
begin their off-season rice cultivation.He said the ministry is also working
with the Natural Resources and Environment Ministry to dig more groundwater
wells for farming purpose, adding the operations should begin today.
In another development, the Department of Royal Rainmaking and
Agricultural Aviation’s director-general Lersak Rewtarkulpaiboon said recent
rain-making missions have achieved the target of increasing water levels at the
four major dams to 3,700 million cubic metres.He said in the next two weeks,
rain-making missions should help raise water levels the dams to 4,400 million
cubic metres.But despite increased rainmaking missions, he said there will
still be not enough water for off-season rice farming.He then urged farmers and
the public to strictly heed the government’s recommendation on water
conservation.The government has earlier said that it will give priority to
households’ water consumption and warn farmers of planting off-season rice as
water will be insufficient.
Source:
http://englishnews.thaipbs.or.th/famers-warned-again-not-to-grow-off-season-rice
http://news.thaivisa.com/thailand/thai-famers-warned-again-not-to-grow-off-season-rice/117523/
7th rice auction fetches 1.05 billion baht with
1.4 billion baht loss
7th rice auction fetches 1.05
billion baht with 1.4 billion baht loss
BANGKOK: — The Foreign Trade Department managed to sell only
112,000 tonnes out of 445,000 tonnes of milled rice put on auction worth about
1.05 billion baht in its seventh auction of the leftover rice bought under the
rice pledging scheme of Ms Yingluck government.Commerce permanent secretary Ms
Chutima Bunyaprapat said that 12 bidders offered high bids but only four of
them were acceptable and the sale amounted to just 25.36 percent of the rice
put on auction.She explained that the Foreign Trade Department did not announce
the floor value for this auction but set a floor bidding price.
However, she said that the
auction this time fetched higher price than previous biddings after it was
reported that Indonesia and Vietnam had placed purchasing orders for 500,000
tonnes and one million tonnes respectively.An informed Commerce Ministry source
disclosed that the government would lose about 14,000 baht per tonne for the
112,000 tonnes of rice sold by auction this time or 1.4 billion baht loss based
on the cost of 24,000 baht per tonne.11 auctions have so far been staged to
offload the old rice stock bought under the rice pledging scheme. Altogether
4.66 million tonnes of rice were sold for 50.6 billion baht at a combined loss
of 65.2 billion baht.Source:
http://englishnews.thaipbs.or.th/7th-rice-auction-fetches-1-05-billion-baht-with-1-4-billion-baht-loss
http://news.thaivisa.com/thailand/7th-rice-auction-fetches-1-05-billion-baht-with-1-4-billion-baht-loss/117573/
Nigeria To Stop Rice Importation In The Next 2
Years
“The meeting was on the new
policy on agriculture and food sustainability. We discussed how we can boost
rice production in Nigeria and start thinking about how we are going to put
policy in place on how rice importation will be banned in the country.“We have
the potential. We have the human resources. We have the arable land to grow
rice. In the next two years, we will not need to bring rice from outside
Nigeria. We are going to ban it.“It is only in Nigeria, a country of millions
of people, that there is no food security. We discussed the policy with the
relevant permanent secretaries and CBN governor.“The policy is going to be in
place and we gave our commitment that we are ready to support the government
policy in ensuring that Nigeria becomes self-sufficient in food production in
the next two years.“Nigeria is currently a major importer of rice. Now, the
political will is in place to stop it. We in about nine states are going to be
seriously engaged in massive rice production.“We are hoping that in the next two
years, rice importation into Nigeria will be banned. We are committed and the
political will is in place,” Governor Yari said.
http://www.informationng.com/2015/10/nigeria-to-stop-rice-importation-in-the-next-2-years.html
Muslim religious leaders called for agri dev't
Researchers from PhilRice
Midsayap in North Cotabato are tapping Muslim religious leaders in
disseminating rice information and technologies and integrating the Islamic
faith in agricultural development. Six Muslim religious leaders from the pilot
test site in Bgy. Bugawas, Datu Odin Sinsuat, Maguindanao were trained for two
weeks on the Palaycheck system and other rice farming technologies to serve the
community and capacitate their fellow farmers after the training.“Community
organizing skills of Muslim religious leaders is commendable. They have good
track record and are influential in their respective communities. Hence, the
chance is high that locals will follow the technologies they will advocate,”
said Dr. Sailila E. Abdula, PhilRice Midsayap acting branch director.The
religious leaders chose six farmers from their community to whome they will
pass on learnings from the training program using the farmer-to-farmer
approach.“I feel more confident now in capacitating local farmers on new rice
farming technologies.
This
will come a long way considering that they are diligent and have high interest
to try out what they have learned,” Abdulmumin Abdulkarim, one of the religious
leaders trained, said.Salik Guilaludin, another religious leader, shared that
he, too, has been teaching his fellow farmers on water management, fertilizer
application, pest and nutrient management, and the importance of synchronous
planting. Asynchronous planting is common in the area.We hope that the
religious leaders we trained will continue to be champions of new rice farming
technologies. This way, sustainability is guaranteed,” Abdula said.The project
is in collaboration with the Development Academy of the Philippines (DAP).
PhilRice Midsayap, DSWD forge partnership
The Philippine Rice Research
Institute (PhilRice) in Midsayap, North Cotabato has partnered with the
Department of Social Welfare and Development (DSWD) to conduct skills training
and enhancement on rice production for Pantawid Pamilyang Pilipino Program
(4Ps) beneficiaries. Over 600 4Ps beneficiaries from Libungan, Aleosan, and
Pigcawayan in North Cotabato will be trained on rice production specifically on
pests and diseases management, chemical handling, and sustainable farming.The
P7M project funded through DSWD’s Sustainable Livelihood Program aims to assist
and provide farmers with technology and farm inputs for rice production. It
will also empower communities to be food-sufficient and improve their access to
basic needs.“PhilRice and DSWD will work together to help 4Ps beneficiaries
become self-reliant by venturing in various entrepreneurial farming
activities,” said Gina D. Balleras, PhilRice Midsayap supervising science
research specialist.
“We
will conduct activities on the recent updates and advances in rice science and
technologies such as on high-yielding varieties, improved crop management
practices (PalayCheck System), Palayamanan Plus, ecological engineering-based
pest management, pesticide management, and agroentrepreneurship. At the end of the training, communities are
expected to be equipped with the skills necessary to be successful in rice
farming,” she added.Representatives from both implementing agencies were
present during the project launch on 29 Sept during the station’s Farmers’
Field Day and Forum.The Field Day also served as an avenue for information
dissemination on coping strategies on El Niño.
Rice off the menu: Asia's hunger for bread and
pastries boosts wheat demand
SEOUL |
Asia is losing some of its appetite for rice in favor of wheat,
a trend that is nowhere more pronounced than South Korea where bread and
pastries have become a new staple.From working mothers, who find toast more
convenient to prepare for breakfast, to city dwellers flocking to new eateries
for baguettes, South Koreans are at the forefront of an Asia-wide trend that
has seen wheat demand climb at nearly twice the rate of rice consumption since
2008.And while Asia is largely self sufficient in rice, demand for bread and
noodles from Mumbai to Manila has made Asia the largest and fastest growing
market for wheat imports, shipping in more than 40 million tonnes annually for
the past five years or 25 percent of world imports.
"I eat bread with coffee almost every morning," said
Lee Seung-Hee, a 47-year-old working mother of two, who often gives her
children bread as a snack between meals."My husband likes to have rice
meals, so I try to cook rice for him. But when I'm too busy, I just give him bread."South
Koreans spent an estimated 6.36 trillion won ($5.37 billion) last year on
bread, sandwiches, bagels and pastries, according to SPC Group, owner of the
Paris Croissant and Paris Baguette chains, which has even opened two stores in
the French capital Paris as part of global expansion.Meanwhile, South Korea's
rice consumption hit a record low of 65.1 kg per person last year, while flour
consumption was the highest since 2006 at 33.6 kg, according to industry and
official data.
"Housewives are increasingly having bread and coffee for
brunch late morning instead of rice and kimchi," said Kang Byung-Oh, a
business professor at Chung-Ang University, referring to the spicy local side
dish.SPC Group, which runs Asia's biggest bread making plant and has about 5,000
bakeries in South Korea, said the local bread market has grown at an average of
15 percent per year since 2005."You can find this trend across Asia, as
Asian countries become westernized...Food products from wheat flour are quick,
convenient," said Koh Hee-Jong, an agriculture and life science professor
at Seoul National University.
NOODLES
Rising wheat consumption has been focused on large cities where
an emerging middle class is exposed to a proliferation of convenience foods
from pizzas to sandwiches.In Indonesia, noodle consumption has helped increase
wheat demand in the world's second-biggest importer by more than 60 percent
since 2005 to nearly 8 million tonnes annually.Even in India, the world's
second-largest wheat grower, consumption is projected to surpass output by more
than 5 million tonnes this year, sparking the largest imports in eight years.
Indian wheat demand is especially strong in the Northern Plains
where it is grown, but is rising in the south where naan bread and chapattis
vie with traditional rice consumption.Bangladesh is expected to import around 3
million tonnes of wheat a year to help meet 4 million tonnes of local
demand."We used to take rice three times a day. Now we are taking rice
only once a day," said Humayra Ahmed, a bank employee and mother of two
children in Dhaka. China has also seen wheat demand soar and consumed a record
118 million tonnes in 2014.Along with record pizza sales and noodle
consumption, demand for cakes and pastries is also increasing."It's a symbol
of lifestyle, consumers pair them (cakes and pastries) with coffee and
chatting, and hanging out with friends," said Linda Li, senior research
analyst at Mintel China.
PRODUCERS
With wheat production relatively low in some countries in Asia -
South Korea only produces about 1-2 percent of its consumption - there is
little alternative but to import more.
Australia, Russia, Ukraine, Canada, the United States and Europe
have been the chief beneficiaries of Asian wheat demand, seeing collective
exports swell by over 40 percent since 2005.But the relentless climb in wheat
consumption does place a strain on exporters in places such as Australia to
keep up."When you look at wheat consumption, it is to a very large degree
driven by general increase in consumption as well as swap out of rice and other
staples," said Ole Houe, an analyst at brokerage IKON Commodities in
Sydney. "We need to produce a record crop every year just to meet the
demand."
($1 = 1,183.7000 won)
(Additional reporting by Yuka Obayashi in TOKYO, Colin Packham
in Sydney, Naveen Thukral in SINGAPORE, Ruma Paul in DHAKA and Dominique Patton
in BEIJING; Editing by Gavin Maguire and Ed Davies)
An employee serves sandwiches during lunchtime at a
bakery in central Seoul, South Korea, October 13, 2015.
REUTERS/KIM HONG-JI
http://www.reuters.com/article/2015/10/15/us-southkorea-wheat-idUSKCN0S82PE20151015
Purple bran rice defies convention
If I presented you with a bowl of steaming purple
rice, would you eat it?
Most of us are accustomed to white or brown rice as a staple in
our diet. But according to plant breeder Anna McClung, we are missing out.
“It’s all about what we’re used to,” says McClung. “If what we’ve known is
white, uniform rice, that’s what we will want.”McClung knows her rice. She’s
director of the Dale Bumpers National Rice Research Center in Stuttgart,
Arkansas, whose mission is to maintain and improve national rice varieties.The
Research Center curates a rice bank of over 18,0000 varieties of this globally
important crop. McClung and her colleagues are caretakers of the rice
collection, and explorers of natural genetic diversity. They identify useful
traits like disease resistance, high yields, and pest resistance.
They mix and match up rice varieties using traditional plant
breeding to maximize these characteristics. Just as heirloom tomatoes pass
through generations of farmers, rice varieties are carefully preserved or
crossed with other varieties to capture favorable genes.Rice comes in a
brilliant array of colors: red, brown, and yes, purple. The common white rice
ubiquitous in stores and restaurants has been stripped of its bran layer. Bran
is the hard outer layer of rice. Removing
the bran means losing the rice’s color, nutrients, fiber, and
protein. What remains is mostly starch, which quickly breaks down into sugar in
the gut.“There’s been a shift in the U.S. away from white rice because of
health concerns,” says McClung. “We’re looking at rice varieties that can
deliver nutrition.” This is a challenge for rice breeders, especially if these
healthier rice varieties aren’t quite as tasty as conventional rices, or take
longer to cook.The quest for a perfect balance of health and taste led McClung
to purple rice.
Specifically a variety dubbed “IAC 600” gifted from a Brazilian
collaborator. This rice originated in China, where purple rice has been
venerated for centuries as a healthful variety, brought out for special
occasions and for the sick. Like many highly pigmented foods (think blueberries
and grapes), purple rice is rich in antioxidants. Antioxidants are chemicals
that fight off the free radicals that damage cells and can lead to cancer and
other health problems. Purple rice is chock full of antioxidants, comparable to
broccoli and other highly acclaimed disease-fighting foods.The rice also
happens to be delicious. “Not only is IAC 600 a deep, gorgeous purple, it’s
some of the best tasting rice I’ve ever had,” says McClung, “Its aromatic like
basmati rice, and has a nutty flavor.” One of the biggest impediments to
getting purple rice to commercial markets is that it’s incredibly high
maintenance.
It
has to be isolated from other rice at every step of production—planting,
harvesting, processing, packaging. If mixed with other varieties, the rice’s
identity is compromised. Producers don’t necessarily want to take on the risk
and hassle of keeping the rice isolated. And as rice is a globally traded
commodity, the established rice stakeholders aren’t interested in promoting
unique rice varieties.McClung is hoping that purple rice will infiltrate the
market on a small scale. It’s rich color, aromatic nutty flavor, and high
levels of antioxidants make this rice special. Small farmers are already
experimenting with it. Encouraging chefs to add purple rice to menus will also
help promote its value to timid shoppers.Exploring historical and interesting
types of rice can expand our palates and improve our health, says McClung,
“We’re trying to open the door to new varieties.
AG Professional
Govt sells rice at B14,000 loss
per tonne
15 Oct 2015 at 12:27
WRITER: ONLINE REPORTERS
The Foreign Trade Department
approved the sale of 112,000 tonnes of rice to four buyers in the latest
auction, for a return of 1 billion baht -- an estimated loss to the state of
14,000 baht a tonne.Commerce permanent secretary Chutima Bunyapraphasara said the
department offered 445,000 tonnes of rice for sale at its seventh auction
this year. There were 12 bidders, but the department approved the sale of only
a quarter of the grain as the offering prices were below the floor
value.The sale will need further approval by the Rice Policy and
Management Committee.The department did not announce the floor value to avoid
leading the market price. The rate was set for internal consideration, Ms
Chutima said.
She said the offering prices were close to
or higher than the previous round, but the market prices have already risen on
news of Indonesia's purchase of 500,000 tonnes of rice from
Thailand. “Therefore, the selling prices for this round were higher than
previous rounds,” said Ms Chutima.A ministry source said the average selling
price of this lot was about 10,000 baht, meaning that the government lost about
14,000 baht a tonne from the pledging cost of around 24,000 baht a tonne,
according to a report in Post Today.With the sale of over 100,000
tonnes of rice, the government could face a loss of at least 1.4 billion
baht. The latest sale takes total sales of rice approved by this
government to 4.66 million tonnes, for a return of 50.6 billion baht. This
means the country has incurred a loss of 65.2 billion baht, said the
source.
A source in the rice trading community
questioned the price criteria for approving the sales, as most
bidders offered prices equal to or higher than previous auctions.The
government is still in the process of quantifying the deteriorated rice, or
grade C rice, and will later decide how to release the stock to the
industrial sector, probably to be used for production of ethanol.
Bangkok Post
Anuga 2015: Understanding
Challenges Facing U.S. Rice in Europe
Jean-Paul Schepens (right)
and USA Rice's Hartwig Schmidt working the rice ties
COLOGNE,
GERMANY -- Participating in Anuga 2015, the world's largest food show wrapping
up here, brings many questions to mind.
"Is the gluten free trend continuing to grow in Europe and will
this create opportunities for U.S. rice?"
"Why are we now adding aloe to drinks, is this a thing?" and
"What will it take for U.S. grown long grain rice to return to the
European market?"
In the end, the answer to the last question seems to be all about
risk management. While the trade accepts and understands U.S. rice is free of
genetically modified organisms (GMOs), U.S. rice is still seen as a risky
proposition because of the EU's zero tolerance with regard to GMOs. And as
unrealistic as this policy is, it is still the law of the continent."We
need to get another number besides zero, but there's been no political progress
on this," said Jean-Paul Schepens, owner of Schepens & Company, one of
the oldest and largest rice brokerage firms in the world and chair of the Rice
Section at COCEREAL, the European Association of cereals, rice, and more.And
until the GMO issue is resolved, the threat of expensive recalls linger. But the GMO issue, while huge, is only part
of the puzzle.The EU Commission is reporting that over the last several years,
japonica production in Europe is rising, while indica (long grain) is falling.
"Europe is traditionally a place where japonica rices were
grown. It is only artificially that they
have promoted long grain production in Europe, highly subsidized," said
Schepens. "I would say Europe is
going to continue specializing in japonica rice. We have already seen big increases this year,
and eventually indica production will come down in Europe."Schepens said
that for the marketing year just ended, the EU has seen record high imports of
long grain rice and record high exports of European japonica, mainly to Turkey.
"The forecast for next year is that we will see an increase for total EU
rice production mostly in japonica," he said.But one variety's opportunity
could present a threat to another.
"The substantial increase in production of high quality
japonica rice in Europe is something we'll need to keep an eye on as it is
creating additional challenges for us in Europe and the Middle East," said
Chris Crutchfield, president of American Commodity Company who was here at
Anuga."The European market used to be focused on quality, but
unfortunately over the last 10 or 15 years there have been shifts and now it is
only a matter of a price," Schepens said.
"The consequence has been that the quality of the rice you find in
the supermarket has been going down."There doesn't seem to be any question
about the quality of U.S. rice, but having been out of the market for years,
reentering will be a matter of trust and price.
"We were forced to look for other origins and now we're quite
happy with the quality we found," said Lionel Tissuet, Export Director for
Soufflet Alimentaire, a huge food importing, manufacturing, retail company
based in France. "The U.S. is going
to need to become more competitive on the world market."While that gets
worked out, USA Rice participates in trade shows like Anuga to help spread the
word and set the stage for the U.S.'s return."We are the ambassadors for
U.S.-grown rice here working to improve and enhance the image for all
varieties," said Hartwig Schmidt, USA Rice regional director. "We also develop dozens of good trade
leads for our members and when the time is right, we will be ready."
Contact:
Michael Klein (703) 236-1458
CME Group/Closing Rough Rice Futures
|
