Today Rice News Headlines...
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Rice exporters to visit
Mozambique next month
Ø
Rice exporters to visit
Mozambique next month
Ø
IPO CONVENES CONSULTATIVE
SESSION FOR APPROVAL OF DRAFT GI PROTECTION LAW
Ø
08/12/2016 Farm Bureau
Market Report
Ø
Rice for Breakfast, Lunch,
Dinner, and Everything Between
Ø
WASDE Report Released
Ø
Vermont ballet group dances
down on the farm
Ø
World Rice Production
2016/2017
Ø
Farmers hope heat brings
good rice crop
Ø
Vermont ballet group dances
down on the farm
Ø
NELA farmers embrace new
rice growing method
Ø
RiceBran Technologies'
(RIBT) CEO John Short on Q2 2016 Results - Earnings Call Transcript
Ø
Griffith rice grower breaks
record, achieves yield of 16.2 tonnes/ha
Ø
Amira Nature Foods : and
UPL Enter Strategic Alliance to Build a Productive Rice Value Chain
Ø
NELA farmers embrace new
rice growing method
Ø
Rice Field Day planned in
Biggs
Ø
Gov't aims to lift
agricultural export
Ø
Vietnam rice exports shrink
to seven-month low in July
Ø
Minister brought into
Indonesia rice dispute
Ø
Bumper paddy harvest likely
due to fast pace of transplantation
Ø
PhilRice studying
Indonesian crop method to improve productivity
Ø
Prices of rice, beef shoot
up (12-08-2016)
News Detail...
Rice exporters to visit Mozambique next month
August 12, 2016
A
trade delegation of rice export will visit Mozambique next month to explore new
export opportunities there and other surrounding African countries. While
chairing fifth meeting of Federation Chamber of Commerce and Industry (FPCCI)
Standing Committee on Rice Exports, Rafique Suleman Chairman Committee said the
delegation aimed at capturing not only the market in Mozambique but the
surrounding African countries as well including Madagascar,
Zimbabwe, Zambia and even South Africa.The
trade delegation would be comprised leading rice exporters to market the
Pakistan Bastmati and Irri rice and expected to travel in the first week of
September, he added. He requested FPCCI to support the delegation through
Shaikh Khalid Tawab, Senior Vice President, FPCCI, who also holds the position
of Honorary Consul General of Mozambique.Rafique assured that the delegation
would go a long way in exploring new opportunities for rice exporters in
Southeast African market.
Furthermore, he suggested that there should be
a trade delegation to Afghanistan to promote bilateral trade between the two
countries.He informed the meeting that quantity of total rice exports for last
year had increased from previous year as during the last fiscal year Pakistan
had exported some 4.2 million metric tons with major exports of non-basmati
rice. "Slight decline in the export was due to tenders and auctions of the
rice stock in Thailand as well as surplus of stock led to a reduction in prices
of rice in Pakistan which eventually reduced the total value of export of rice
as compare to last year," he added.
Chairman committee said that to promote
Pakistani commodities, government should grant wheat and flour as gifts and
donations to other countries along with rice as well since they were already in
a surplus. He also emphasised on the need of a proper banking channel with Iran
to increase bilateral trade between both the countries. He hoped that visit to
Mozambique would create new export opportunities for Pakistani Rice traders,
besides earning more foreign exchange for the country.
During the meeting Rafique appreciated efforts
of Abdul Rahim Janoo, Chairman, FPCCI, Standing Committee on Fairs Exhibitions
& Delegations on his commendable performance and extraordinary services to
FPCCI as well as REAP. Javed Jillani, Senior Vice Chairman, FPCCI, Standing
Committee on Rice Exports also appreciated the services of Janoo towards the
promotion of rice exports and credited him as one of the most influential
businessmen of Pakistan. The meeting was attended by Zulfiqar Ali Shaikh, Vice
President, FPCCI; Javed Jillani, Senior Vice Chairman, FPCCI, Standing
Committee on Rice Exports, Mumtaz Shaikh and Hamid Hussain Qureshi
Rice exporters to visit Mozambique next month
August 12, 2016
A trade delegation of rice export will visit
Mozambique next month to explore new export opportunities there and other
surrounding African countries. While chairing fifth meeting of Federation
Chamber of Commerce and Industry (FPCCI) Standing Committee on Rice Exports,
Rafique Suleman Chairman Committee said the delegation aimed at capturing not
only the market in Mozambique but the surrounding African countries as well
including Madagascar, Zimbabwe, Zambia and even South Africa.
The trade delegation would be comprised leading
rice exporters to market the Pakistan Bastmati and Irri rice and expected to
travel in the first week of September, he added. He requested FPCCI to support
the delegation through Shaikh Khalid Tawab, Senior Vice President, FPCCI, who
also holds the position of Honorary Consul General of Mozambique.
Rafique assured that the delegation would go a
long way in exploring new opportunities for rice exporters in Southeast African
market. Furthermore, he suggested that there should be a trade delegation to
Afghanistan to promote bilateral trade between the two countries.He informed
the meeting that quantity of total rice exports for last year had increased
from previous year as during the last fiscal year Pakistan had exported some
4.2 million metric tons with major exports of non-basmati rice. "Slight
decline in the export was due to tenders and auctions of the rice stock in
Thailand as well as surplus of stock led to a reduction in prices of rice in
Pakistan which eventually reduced the total value of export of rice as compare
to last year," he added.
Chairman committee said that to promote
Pakistani commodities, government should grant wheat and flour as gifts and
donations to other countries along with rice as well since they were already in
a surplus. He also emphasised on the need of a proper banking channel with Iran
to increase bilateral trade between both the countries. He hoped that visit to
Mozambique would create new export opportunities for Pakistani Rice traders,
besides earning more foreign exchange for the country.
During the meeting Rafique appreciated efforts
of Abdul Rahim Janoo, Chairman, FPCCI, Standing Committee on Fairs Exhibitions
& Delegations on his commendable performance and extraordinary services to
FPCCI as well as REAP. Javed Jillani, Senior Vice Chairman, FPCCI, Standing
Committee on Rice Exports also appreciated the services of Janoo towards the
promotion of rice exports and credited him as one of the most influential
businessmen of Pakistan. The meeting was attended by Zulfiqar Ali Shaikh, Vice
President, FPCCI; Javed Jillani, Senior Vice Chairman, FPCCI, Standing
Committee on Rice Exports, Mumtaz Shaikh and Hamid Hussain Qureshi
IPO CONVENES CONSULTATIVE SESSION FOR APPROVAL OF DRAFT GI PROTECTION LAW
The Union of Small and Medium Enterprises (UNISAME) and other stakeholders are invited by the Intellectual Property Organization (IPO) to give their inputs at the consultative session on draft geographical indications (GI) protection law on 17th August 2016 at a local hotel at Karachi.President UNISAME Zulfikar Thaver lauded the efforts of the IPO in finally completing the draft GI protection law which is expected to become a bill after approval by the parliament and completion of other formalities. He expressed great satisfaction and said this was over due and in the absence of a GI law many of our products enjoying global reputation were deprived of their well deserved tags. He said that UNISAME has been pursuing the matter for many years with the government.
Thaver said we warned the government several times of the behavior of our global competitors who were exporting products under deception and claiming them to be of original repute. The GI law will go a long way and will be very supportive for the bonafide exporters.The IPO has pointed out that the GI is a form of Intellectual Property Right (IPR) which identifies a product originating from a specific area and whose quality or reputation is attributable to its place of origin. The GIs are significant marketing tools which adds value and competitiveness to the products in the national and global markets.
Thaver said the SME basmati rice exporters were deeply concerned about the GI of basmati rice and also its trade mark ownership and had various communications with the policy makers to get matters straightened out in view of the complications created by the Indian stakeholders.He reiterated that steps have to be taken to regain our super basmati markets and after promulgation of the GI law, the trade mark issue needs to be taken up seriously and after that the Ministry of Commerce (MINCOM) has to take steps to facilitate business with Iran to enable the exporters get back on the saddle.
He said it is pertinent to note that it is the duty of the stakeholders to make efforts to maintain the reputation of the GI products by research and development and abide by the bench mark by virtue of the characteristics and features which go with the GI reputation of the subject product
08/12/2016 Farm Bureau Market Report
Rice
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High
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Low
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Long Grain
Cash Bids
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- - -
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Long Grain
New Crop
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- - -
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- - -
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Futures:
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Rice Comment
Rice futures charted a bullish key reversal today after the
production report was released. Today's report showed a reduction in production
due to a decreased yield projection. The average yield was decreased to 7,659
pounds per acre, down from 7,680 pounds in the July report. A decrease
production, beginning stocks and import projections resulted in a decrease in
the ending stocks estimate, which is now 54.7 million cwt. Exports and domestic
use were unchanged. Recent price losses resulted in the average farm price
estimate down 80 cents on either end to $10.40-$11.40. November could now begin
to build support at today's low of $9.51 1/2.
Rice for
Breakfast, Lunch, Dinner, and Everything Between
ARLINGTON, VA -- USA Rice has created ten new rice recipes,
specifically for foodservice, that cover multiple meals and feature various
rice types such as U.S. jasmine, U.S. basmati, U.S. Arborio, long grain brown
and white, and medium grain rice. The new recipes were designed to work
for breakfast, appetizers, side dishes, and main dishes.
"Giving chefs the tools to innovate - recipe
concepts, preparation instructions, and information about new rice products -
is a great way to move rice to the center of the plate," says Katie Maher,
USA Rice director of domestic promotion. "We already have an
excellent U.S.
Rice in the Culinary Classroom toolkit for the foodservice segment
but adding fresh and modern recipe concepts to the mix will boost our restaurant
outreach."
USA Rice is also educating restaurant operators
about the high quality of U.S. aromatic rice. John Hasbrook, chair of the
USA Rice Foodservice Subcommittee, explains: "With aromatic rice gaining
popularity, it's important to inform foodservice operators that jasmine and
basmati are grown right here in the United States. Our research
identified several regional and national chains currently using imported
jasmine and/or basmati rice and a major focus of current foodservice program
efforts is making these restaurants aware of what's possible with locally
sourced rice."
The USA Rice team of foodservice chefs has also created
recipes that combine rice with ancient grains highlighting the idea that you
can combine many kinds of grains to enhance a dish. "Our chef team is
finding new and innovative ways to incorporate rice into menus and sharing
those ideas at every opportunity," said Hasbrook. "All the
recipes and food photography are available on thinkrice.com
and will be used in future advertising and e-newsletters to the foodservice
community."
"This two-pronged approach of developing content
and driving chefs to the website combined with chef-to-chef outreach reminds
this audience that USA Rice is here to be a partner and a resource," said
Maher.
WASDE Report Released
WASHINGTON, DC -- Total U.S. rice
supplies for 2016/17 are lowered 2.2 million cwt from last month to 307.7
million, still the highest on record. Carryin is lowered 1.5 million cwt
to 39.4 million due to 2015/16 revisions. The 2016/17 U.S. rice production
forecast is lowered 700,000 cwt to a record 244.3 million based on the first
survey-based yield forecast of the 2016/17 crop. At 7,659 pounds per
acre, the 2016/17 yield is down 21 pounds from the previous projection.
With no revisions to the use side of the 2016/17 rice balance sheet, the lower
supply forecast reduces the 2016/17 U.S. ending stocks 2.2 million cwt to 54.7
million, still the highest since 1985/86. For 2015/16, total U.S. exports
are raised 1.5 million cwt to 104.5 million, with long-grain accounting for all
of the increase.
The
only price revision for 2015/16 is a 20-cent reduction in the season-average
farm price for California medium- and short-grain rice to $18.00 per cwt.
For 2016/17, the U.S. long-grain price is lowered 50 cents on both the high and
low ends of the range to $9.50 to $10.50 per cwt. The California 2016/17
medium- and short-grain price is lowered $1.00 on both ends to $14.50 to $15.50
per cwt. The other states medium- and short-grain 2016/17 price is lowered
50 cents on both ends to $10.00 to $11.00 per cwt.
The
2016/17 global production forecast is lowered fractionally to 481.1 million
tons (milled basis), still the highest on record. Crop forecasts for
2016/17 are lowered for Afghanistan and Bolivia but raised for Iran. For
2015/16, the Indonesia crop estimate is increased, while Vietnam is lowered.
Global consumption for 2016/17 is lowered 1.8 million tons to 478.8 million,
mostly due to a reduction for India. The 2016/17 global export forecast
is raised slightly to 40.6 million tons, with stronger shipments from India
offsetting weaker exports from Vietnam. The 2016/17 global ending stocks
forecast is increased 6.5 million tons to 113.8 million, 2 percent above the
previous year's revised estimate. India accounts for most of the upward
revision in the global ending stocks forecasts for both 2015/16 and 2016/17.
USA Rice Daily, Friday, August 12, 2016
Vermont ballet group dances down on the farm
In this July 16, 2016 photo, members of the Farm to Ballet Project perform at Philo Ridge Farm in Charlotte, Vt. The ballet group is performing at farms around Vermont for its second summer season to raise money for local agriculture and increase the audience for classical ballet. (Lisa Rathke/Associated Press)
.
CHARLOTTE,
Vt. — At the height of the summer, corn fields are getting taller, tomatoes are
starting to ripen, cows are grazing — and ballet dancers are pirouetting and
leaping across the grass.The Farm to Ballet Project is trading a stuffy
auditorium for the open air and evening skies of farms around the state. The
goal is to expand the audience for classical ballet while helping raise funds
for local agriculture, organizers said.The 25 dancers — some professional but
many of them amateurs and ranging in age from 18 to 74 — prance and twirl on
the grass in colorful costumes. Dressed as lettuce, tomatoes, bees, a cow, pig
or farmer, they tell the tale of the growing season.On a recent evening at Philo Ridge Farm in Charlotte, the bahhs of a few (real) sheep intermingle with the classical music played by a string sextet. It was the group’s first of eight summer performances.“It was so joyful,” said Myra Handy of Shelburne, Vermont, who had been waiting to see the ballet since she heard about it last summer. The talent, music and exuberance exceeded her and her husband’s expectations, they said.“It was a highlight of our summer,” she said.The idea for the farm-based ballet grew out of a summer class the dancers took outdoors with Chatch Pregger, a professional dancer-turned-teacher at Spotlight Vermont, a performing arts school in South Burlington.
Because Vermont’s summers are so short, the students didn’t want to come inside for class so they moved outside to a park, Pregger said. They realized it was possible — and how enjoyable it was — to dance outside on the grass on breezy days with a view of the mountains, he said. Then they decided on a farm theme.
“I always thought what’s ballet promoting? What’s it all about?” said Preggar, artistic director of the Farm to Ballet Project. “And certainly artistically it’s amazing and the art that can be made from it is awesome, but I’m really happy for myself to be able to integrate it with something a little larger.”
Dancing on the grass and in the heat and sun is strenuous, as is the schedule since most of the dancers are amateurs.“But by the end of the summer, you’re super in shape, so that’s nice,” said Megan Stearns, of Burlington, a lead dancer, who plays the role of the farmer. She studied ballet as a child and returned to it as an adult by taking classes with Pregger.The dancers have three performances ahead of them: in Shelburne, Brattleboro and Essex Junction. Tickets cost $16.50. Children 12 or under are free.For Pregger, who has danced with the Boston Ballet, Washington Ballet and Houston Ballet, Farm to Ballet supports something he really cares about: local farming. Seventy-five percent of the ticket sales go to the host-farm or agricultural nonprofit groups.
“I think that regenerative farming or organic farming really has the power to transform both our natural world to help with global warming and with the community that we live in,” he said. “I think people who eat healthy food are healthier, and I think we should all have access to it so I really wanted to honor the work that farmers do.”
At the Philo Ridge Farm performance, many in the 300-plus audience of adults and children also enjoyed dinner beforehand made from locally grown ingredients. Others brought their own spreads and wine, picnicking on the ground, in camp chairs or white folding chairs set up behind the farm house and in front of the “stage.”Kathleen Harriman, of Vergennes, liked the interaction between the music and dancers.
“And just the good feelings it gave me to watch,” she said after the performance, as her two young granddaughters danced their way to the car in the parking lot.
World Rice Production 2016/2017
August 2016
This month the United States Department of Agriculture (USDA) estimates that the World Rice Production 2016/2017 will be 481.08 million metric tons, around 0.15 million tons less than the previous month's projection.Rice Production last year (*) was 470.82 million tons. This year's 481.08 estimated million tons could represent an increase of 10.26 million tons or a 2.18% in rice production around the globe.
Rice Production by Country
(Values in Metric Tons)China: 146,500,000
India: 105,000,000
Others: 41,530,000
Indonesia: 36,600,000
Bangladesh: 34,515,000
Vietnam: 28,500,000
Thailand: 17,000,000
Burma: 12,500,000
Philippines: 12,000,000
Brazil: 8,500,000
United States: 7,758,000
Japan: 7,680,000
Pakistan: 6,900,000
Cambodia: 4,700,000
Korea, South: 4,000,000
Egypt: 4,000,000
Sri Lanka: 3,400,000
https://www.worldriceproduction.com/?Referer=Newsletter
Farmers hope heat brings good rice crop
How the heat effects Arkansas crops
Raven Richard, KTHV 8:00 PM. EDT August 11, 2016
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TWEET
LINKEDIN GOOGLE+ PINTEREST
LITTLE ROCK, Ark. (KTHV) - The heat is a problem for everything in
Arkansas summers. From the bills to our health, the heat can take a toll in
more ways than we can imagine.For rice though sometimes heat can be a blessing
in disguise. Jarrod Hardke, a rice agronomist for the University of Arkansas'
Division of Agriculter says, "while everyone's not really enjoying the
heat, this a return to normal."Arkansas is the number one producer of rice
in the entire country. We produce about 50% of all rice in the United States.
This is why watching the rice crop in the summer is key to its success.
"It looks like most of the crop will escape the daytime highs
that effect yield directly and cause blank kernels," says Hardke,
"but these nighttime temperatures may effect the quality and it's possible
to lead to subsequently lower prices if that does actually
happen." Hardke suggest a good night low for rice should be 75
degrees or lower. This summer temperatures have been slightly above that. Some
parts of Arkansas are seeing above average rainfall but some of the Delta areas
like Lonoke are staying on the drier side."Once we get into these
situations it gets very difficult to maintain those moisture levels in the
field," says Hardke.The summer is nearly over, but there's still a path of
uncertainty. In 2010, an usually hot year produced a poor quality of rice but
in 2012 the milder weather increase quality and yield
http://www.thv11.com/news/local/farmers-hope-heat-brings-good-rice-crop/295375517
Vermont ballet group dances down on the farm
In this July 16, 2016 photo, members of the Farm to Ballet Project perform at Philo Ridge Farm in Charlotte, Vt. The ballet group is performing at farms around Vermont for its second summer season to raise money for local agriculture and increase the audience for classical ballet. (Lisa Rathke/Associated Press)
.CHARLOTTE, Vt. — At the
height of the summer, corn fields are getting taller, tomatoes are starting to
ripen, cows are grazing — and ballet dancers are pirouetting and leaping across
the grass.
The Farm
to Ballet Project is trading a stuffy auditorium for the open air and evening
skies of farms around the state. The goal is to expand the audience for
classical ballet while helping raise funds for local agriculture, organizers
said.The 25 dancers — some professional but many of them amateurs and ranging
in age from 18 to 74 — prance and twirl on the grass in colorful costumes.
Dressed as lettuce, tomatoes, bees, a cow, pig or farmer, they tell the tale of
the growing season.On a recent evening at Philo Ridge Farm in Charlotte, the bahhs of a few (real) sheep intermingle with the classical music played by a string sextet. It was the group’s first of eight summer performances.“It was so joyful,” said Myra Handy of Shelburne, Vermont, who had been waiting to see the ballet since she heard about it last summer. The talent, music and exuberance exceeded her and her husband’s expectations, they said.“It was a highlight of our summer,” she said.The idea for the farm-based ballet grew out of a summer class the dancers took outdoors with Chatch Pregger, a professional dancer-turned-teacher at Spotlight Vermont, a performing arts school in South Burlington.
Because Vermont’s summers are so short, the students didn’t want to come inside for class so they moved outside to a park, Pregger said. They realized it was possible — and how enjoyable it was — to dance outside on the grass on breezy days with a view of the mountains, he said. Then they decided on a farm theme.“I always thought what’s ballet promoting? What’s it all about?” said Preggar, artistic director of the Farm to Ballet Project. “And certainly artistically it’s amazing and the art that can be made from it is awesome, but I’m really happy for myself to be able to integrate it with something a little larger.”Dancing on the grass and in the heat and sun is strenuous, as is the schedule since most of the dancers are amateurs.“But by the end of the summer, you’re super in shape, so that’s nice,” said Megan Stearns, of Burlington, a lead dancer, who plays the role of the farmer. She studied ballet as a child and returned to it as an adult by taking classes with Pregger.
The dancers have three performances ahead of them: in Shelburne, Brattleboro and Essex Junction. Tickets cost $16.50. Children 12 or under are free.For Pregger, who has danced with the Boston Ballet, Washington Ballet and Houston Ballet, Farm to Ballet supports something he really cares about: local farming. Seventy-five percent of the ticket sales go to the host-farm or agricultural nonprofit groups.
“I think that regenerative farming or organic farming really has the power to transform both our natural world to help with global warming and with the community that we live in,” he said. “I think people who eat healthy food are healthier, and I think we should all have access to it so I really wanted to honor the work that farmers do.”
At the Philo Ridge Farm performance, many in the 300-plus audience of adults and children also enjoyed dinner beforehand made from locally grown ingredients. Others brought their own spreads and wine, picnicking on the ground, in camp chairs or white folding chairs set up behind the farm house and in front of the “stage.”
Kathleen Harriman, of Vergennes, liked the interaction between the music and dancers.
“And just the good feelings it gave me to watch,” she said after the performance, as her two young granddaughters danced their way to the car in the parking lot.
https://www.washingtonpost.com/entertainment/theater_dance/vermont-ballet-group-dances-down-on-the-farm/2016/08/11/6746fa6c-5fd0-11e6-84c1-6d27287896b5_story.html
NELA farmers embrace new rice growing method
Posted:
Thu 6:32 PM, Aug 11, 2016 |
Updated:
Fri 9:13 AM, Aug 12, 2016
courtesy: KNOE
Now, more farmers are embracing a new method that requires less work and takes up less space.It's called the row rice method.Polypipe tubes lay along the outside of the rice field, sending water down each row.Local farmer Jason Waller says this method uses less water and less space than the traditional levee irrigation system, allowing farmers to grow more rice.He's not sure if this watering method will help when it comes time for harvest, but he says it's worth a shot."Trying new things can be good or bad, but none of us will ever know if it will be a good thing if no one tries it. So we're just trying this method," says Waller. Due to increased interest in this method of growing rice, a company by the name of RiceTec is hosting a Row Rice symposium next month.On September 20th, at the Little Creek Golf Course in Rayville and September 21st at the St. Joseph Community Center in Newellton
http://www.knoe.com/content/news/NELA-farmers-embrace-new-rice-growing-method-389932222.html
RiceBran Technologies' (RIBT) CEO John Short on Q2 2016 Results - Earnings Call Transcript
Q2 2016 Earnings Summary
EPS of $-0.72 misses by $-0.72 | Revenue of
$10.5M (- 7.9% Y/Y) misses by -$0.83M
Q2 2016
Earnings Conference Call
August
11, 2016 4:30 PM ET
Executives
Fred
Sommer - Ascendant Partners, Investor Relations
John
Short - Chief Executive Officer and President
Dale
Belt - Chief Financial Officer
Robert
Smith - Chief Operating Officer
Michael
Goose - President of USA Ingredients
Analysts
Anthony
Vendetti - Maxim Group LLC
Operator
Good
day, ladies and gentlemen, thank you for standing by. Welcome to the RiceBran
Technologies' 2016 Second Quarter Results Conference Call. At that time, all
participants are in a listen-only mode. A brief question-and-answer session
will follow the formal presentation. [Operator Instructions] As a reminder,
this conference is being recorded.
I would
now like to introduce your host, Mr. Fred Sommer of Ascendant Partners. Please
go ahead.
Fred Sommer
Thank
you, operator. Good afternoon, listeners. Welcome to RiceBran Technologies 2016
Q2 financial results conference call. With us today are John Short, Chief
Executive Officer and President of RiceBran Technologies; Dale Belt, Chief
Financial Officer; Dr. Robert Smith, Chief Operating Officer; and Michael
Goose, President of USA Ingredients.
Mark
McKnight is not with us today. He is at a rehearsal dinner in Utah, preparing
for his son's wedding tomorrow. Mark if you are listening in on a call,
congratulations to you and your spouse on getting another one out of the house.
Before I
turn the call over to John, I want to remind listeners that during the call
management's prepared remarks may contain forward-looking statements that are
subject to risks and uncertainties. Management may make additional
forward-looking statements in response to your questions today.
Therefore,
the Company claims protection under Safe Harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995. Actual
results may differ from results discussed today, and therefore we refer you to
a more detailed discussion of these risks and uncertainties in the Company's
filings with the SEC.
In
addition, any projections as to the Company's future performance represented by
management include estimates as of today, August 11, 2016, and the Company
assumes no obligation to update these projections in the future as market
conditions change.
This
webcast and certain financial information provided in this call, including
reconciliations of non-GAAP financial measures to comparable GAAP financial
measures are available at www.ricebrantech.com on the Investor Relations page.
At this
time, I would like to turn the call over to John Short, CEO and President of
RiceBran Technologies. John, please go ahead.
John Short
Thanks,
Fred, and thanks for our listeners for joining today. During the second quarter
of 2016, we achieved record revenue of $8.8 million in our USA segment with
sales increasing by 27.5% quarter-over-quarter and 13% sequentially. These
results reflect the continued strength of our functional food, human ingredient
and animal nutrition businesses and mark our third straight quarter and USA
segment sales growth.
A number
of the same factors that contributed to our strong revenue performance in Q1
continued to gain momentum into Q2. First, revenues from functional food and
human ingredient products increased 30% quarter-over-quarter based on positive
growth trends with both existing and new customers.
Second
the exclusive agreement signed at the end of last year with Kentucky Equine
Research help drive a 16% increase in animal nutrition revenue in Q2 2016,
compared to Q2 2015. And third sales from functional food customers continued
to grow rapidly with further growth anticipated in the second half of 2016.
While
revenues in our USA segment continues at a record pace we saw strength in many
other important areas as well. Gross profit at our USA segment increase by
17.5% and margins remained strong at just over 30%. We achieved these results
in spite of the growth and lower margin animal nutrition sales and a temporary
supply issue at our Mermentau facility the resulted in higher costs and reduced
gross margins
http://seekingalpha.com/article/3999076-ricebran-technologies-ribt-ceo-john-short-q2-2016-results-earnings-call-transcript
Griffith rice grower breaks record, achieves yield of 16.2 tonnes/ha
EMMA FIELD, The Weekly Times
August 12, 2016 4:55am
A
GRIFFITH rice grower broke a yield record last season, SunRice has revealed.
According to the monopoly rice exporter, a rice crop at Griffith achieved the
exceptional yield of 16.2 tonnes a hectare.The company also confirmed at the
Rice Growers Association conference at Deniliquin last week “a number of
growers across the Murrumbidgee region achieved yields of 15 tonnes a
hectare”.This comes after a 65 per cent drop in rice production last season,
from the previous year, but higher-than-average yields in the Riverina.SunRice
announced in June rice producers averaged 11tonnes/ha compared to the five year
average of 10tonnes/ha.
http://www.weeklytimesnow.com.au/agribusiness/cropping/griffith-rice-grower-breaks-record-achieves-yield-of-162-tonnesha/news-story/a643e3034d93f5f9148131ef92c2917d
Amira Nature Foods : and UPL Enter Strategic Alliance to Build a Productive Rice Value Chain
08/12/2016 | 08:01am EDT
Amira
Nature Foods Ltd (NYSE: ANFI) (“Amira”), a leading global provider of branded
speciality rice, including basmati and other food products, and United
Phosphorus Limited (“UPL”), a leading crop protection and seed company, have
created a strategic alliance to build a productive rice value chain in India
and other parts of the world. Founded in 1915, Amira has evolved into a leading
global provider of branded packaged specialty rice, including Basmati and other
food products, with sales across five continents around the world. Amira
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 developed and emerging markets. UPL produces rice seeds in India and is engaged in developing and marketing innovative rice crop solutions in India and other parts of the world. UPL is represented by its flagship company, RiceCo, which develops rice technologies for farmers in the United States, South America, Asia and Africa. UPL is engaging rice farmers through its digital advisory services company, Adarsh Kisan Services which provides regular agronomic support to farmers while UPL provides farm services that include custom application of crop protection solutions including post-harvest applications.
Mr. Karan A. Chanana, the Chairman of Amira, stated, “Amira Nature Foods is an important off-taker of rice from the farmers with capabilities of quality milling and marketing of its rice brands and we look forward to our alliance with UPL.” Mr. Jai Shroff, the Chief Executive Officer of UPL, stated, “Both UPL and Amira have made an important strategic alliance to build a productive rice value chain in India and other parts of the world.”
About Amira Nature Foods Ltd
Founded
in 1915, Amira has evolved into a leading global provider of branded packaged
specialty rice, including Basmati and other food products, with sales across
five continents around the world. The Company primarily sells Basmati rice,
which is a premium long-grain rice grown only in the geographically indicated
region 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.” For more information, please visit www.amira.net.
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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,” “expect,” “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. There is no assurance that
our current expectations and projections are accurate. These forward-looking
statements include, but are not limited to: - our goals and strategies;
- our operations and expansion plans;
- our future business development, results of operations, financial condition and financial statements;
- our ability to protect our intellectual property rights;
- projected revenue, EBITDA, adjusted EBITDA, profits, adjusted profits, earnings, adjusted earnings and other estimated financial information;
- our ability to maintain strong relationships with our customers and suppliers;
- governmental policies regarding our industry; and
- the impact of legal proceedings.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160812005048/en/
Rice Field Day planned in Biggs
Rice Farm Adviser Luis Espino talks to truckloads of people on a
tour of the rice fields during Rice Field Day at the Rice Experiment Station in
Biggs. Another Field Day is set for later this month. BILL
HUSA — FILE PHOTOGRAPH
Posted: 08/11/16, 5:10 PM PDT | Updated:
1 day ago
The
California Cooperative Rice Research Foundation, the University of California,
and the United States Department of Agriculture will hold the annual Rice field
Day on Wednesday, Aug. 31, at the Rice Experiment Station here.
Registration and poster viewing will begin at 7:30 a.m. and will be followed by the general meeting. The business meeting will include reports by the chairman and treasurer of the California Cooperative Rice Research Foundation, the Rice Research Trust, and the California Rice Research Board. It will conclude with the presentation of the California Rice Industry Award.
From 9:30 to noon, field tours will be conducted of the research nurseries focusing on breeding, disease resistance, weed control, and entomology and a Rice Equipment Display. The tours will be followed by a luncheon at noon. There is no charge for this event.The Rice Experiment Station is located 2.5 miles west of Highway 99 on Highway 162 towards Butte City. Further information can be obtained at www.crrf.org or by calling the Rice Experiment Station at 868-5481
http://www.dailydemocrat.com/business/20160811/rice-field-day-planned-in-biggs
Gov't aims to lift agricultural export
The Ministry of Agriculture and Rural
Development is seeking to create measures to tackle falling exports of major
farm products, to assure it reaches its goal of US$30 billion in export
revenues of the agro-forestry-fishery sector for 2016. — Photo doanhnhansaigon.vnHÀ
NỘI — The Ministry of Agriculture and Rural Development is seeking to create
measures to tackle falling exports of major farm products, to assure it reaches
its goal of US$30 billion in export revenues of the agro-forestry-fishery
sector for 2016.
At a
conference held early this week, the Agro-Forestry, Seafood Processing and Salt
Industry Department said that prices of agricultural products from the
beginning of this year were generally lower than in 2015, amid a slow recovery
of the world economy. Droughts, coupled with salt intrusion, also severely
impacted agricultural harvests.Further, the heavy reliance on China for exports of agricultural products continues to be a threat, experts said.Dương Phương Thảo, deputy director of the Import-Export Department under the Ministry of Industry and Trade (MIT), said that customs figures revealed that exports to China accounted for up to 30 per cent of total revenues.“Any changes in the purchase policies of China will significantly impact agricultural production of Việt Nam,” Thảo said.It is important that the quality of agro-forestry-fishery products be improved,” noted Thảo.
In addition, farmers must be regularly updated with market information.Regard seafood exports, Trương Đình Hòe, general secretary of the Việt Nam Association of Seafood Exporters and Producers, said that exports of tra fish encountered significant difficulties due to weak market forecasts, resulting in oversupply, which pushed down prices.Hòe said that the development of a national database about tra fish must be completed by the year end, together with enhancing the quality to ensure sustainable exports.Deputy Minister of Agriculture and Rural Development Trần Thanh Nam urged expanding trade promotions to expand export markets for the country’s agricultural products.Agro-forestry-fishery exports in the first seven months of this year touched $17.8 billion, rising by 5.1 per cent over the same period last year.
Rice struggling
Rice was among the major farm products that saw significant declines in exports starting at the beginning of this year.The agriculture ministry’s statistics showed that in the first seven months of 2016, rice exports totaled 2.93 million tonnes, worth $1.32 billion, dropping by 18 per cent in volume and 14 per cent in value over the same period in 2015.Further, rice exports to China, the largest importer of Vietnamese rice with a share of 35 per cent, saw declines of 23 per cent in volume and 13 per cent in value in the year’s first six months.Experts said that Việt Nam was at risk of losing its position as the world’s third largest rice exporter.
Bùi Thị Thanh Tâm, general director of the Việt Nam Northern Food Corporation, said that the drop in rice exports was largely due to China’s tightened management of small trade and Việt Nam’s difficulties in finding large contracts with traditional markets, such as the Philippines and Indonesia, coupled with competition from Thais and Cambodian rice.
Tâm added that the Government’s support in removing technical barriers and liberalising trade was needed to boost rice exports.
The largest existing problem was the failure in controlling quality, resulting in declines in rice exports, as several highly demanding markets reduced imports of Vietnamese rice, said Huỳnh Thế Năng, president of the Việt Nam Food Association.
Vietnamese rice continued to struggle to compete with Thais rice and now Cambodian rice, even in home markets, experts said, adding that building the brand name of Vietnamese rice and enhancing quality had become pressing issues.
At the conference, Nam said that the development of standards for Vietnamese rice must be completed as early as November.
Better late than never
Meanwhile, the MIT is developing a strategy on rice markets for the 2016-20 period, with a vision to 2030, which would aim to bring the value of rice exports to $3 billion by 2017 and $3.5 billion by 2020, with average export volumes of some seven million tonnes per year.The ministry will focus on expanding quality rice exports to markets which generated high added values, including Taiwan, Hong Kong, Malaysia, Singapore, United Arab Emirates, the US and Australia, while maintaining exports to traditional markets, such as Indonesia, Philippines and China.
The quality of rice would be the top priority to take advantage of opportunities arising from free trade agreements, such as Việt Nam – EU FTA and the Trans-Pacific Partnership, the ministry’s draft said.
Previously, the Prime Minister approved the project to develop the Vietnamese brand by 2020 with a vision to 2050.
Under the project, the recognition of Vietnamese rice was expected to become popular in at least 20 markets, and the national rice brand is to receive intellectual property protection in the form of certified labels in at least 50 markets.
Vietnamese rice exports have been on a downward trend since 2012. Rice exports were anticipated to reach only 5.65 million tonnes this year, becoming the first time since 2009 that rice exports were below six million tonnes, if no breakthroughs were made. - VNS
http://vietnamnews.vn/economy/301046/govt-aims-to-lift-agricultural-exports.html#1LeKQBy4ajYYdEmk.97
Vietnam rice exports shrink to seven-month low in July
Rice export volume collapsed by 118 percent on-year. Data from the Vietnam Food Association (VFA) showed rice exports in July fell to their lowest point in 2016 at 270,000 tons, down 118 percent against the same month last year.Export value also dived 95 percent to $122 million.The VFA explained that the slowdown started in April when orders from big markets like China, Indonesia and Philippines dried up. Other importers have shifted their attention to Thai products, which are of medium quality but competitively priced.Lam Anh Tuan, head of Thinh Phat Food Company, said that the global rice market is facing a gloomy picture with Thailand ready to sell off its massive inventory, causing rice traders to take a cautious approach before making a deal.
However, some traders say they’ve heard of information that the
Philippines and Indonesia are making plans to increase their imports. If this
is true, Vietnam could benefit as the average export price of Vietnamese rice
is lower than its rivals.On the global market, five-percent broken rice from
Vietnam is traded at $370-380 per ton, while Thailand and other countries set
the price at $400 or more.Vietnam exported nearly three million tons of rice
over the first seven months for $1.27 billion, down 12.7 percent in volume and
seven percent in value from a year ago.The VFA predicts that the country will
export a total of 5.7 million tons in 2016, falling by 14 percent on-year
following the worst drought and salinity to hit the Mekong Delta in a century,
which accounts for 50 percent of Vietnam’s rice exports every year.
http://e.vnexpress.net/news/business/markets/vietnam-rice-exports-shrink-to-seven-month-low-in-july-3451651.html
Minister brought into Indonesia rice dispute
By Su Phyo
Win | Friday, 12 August 2016
yanmar
Agribusiness Public Corporation has asked the minister of commerce to help
settle a long-running dispute over a rice shipment with Indonesia’s state-run
Bureau of Logistics, known as Bulog, when he travels to the country lat
Traders
pour white rice into sacks. Photo - StaffThe dispute arose after MAPCO sent
almost 14,000 tonnes of rice to Indonesia under a government-to-government
agreement, which failed to meet new Indonesian food safety
regulations.Officials at the Port of Surabaya held the cargo for more than
three months and fined the company US$1.8 million in demurrage and other
charges.A Myanmar delegation to
Indonesia in June failed to solve the issue, and Bulog has not yet paid for the entire shipment, which was worth around $5.3 million. However, it has paid $2.3 million and has postponed the deadline for payment from July 31 to August 31, according to an August 5 letter sent to the managing director of MAPCO.
Indonesia in June failed to solve the issue, and Bulog has not yet paid for the entire shipment, which was worth around $5.3 million. However, it has paid $2.3 million and has postponed the deadline for payment from July 31 to August 31, according to an August 5 letter sent to the managing director of MAPCO.
A second delegation, including Myanmar’s
Minister of Commerce, officials from the Myanmar Rice Federation, and MAPCO
representatives, will head to Indonesia before the end of the month, managing
director U Ye Min Aung said.MAPCO has been unable to persuade Indonesian
officials to reduce the hefty fine and the matter “needs to be solved between
the two governments”, he said.He said the commerce minister will bargain down
the charges as part of a wider effort to promote trade relations between the
two countries.
“The shipping company and port already agreed
to offer a 15 to 20 percent discount but we need 70 percent or more,” he
added.“If the Indonesian government can agree to that after negotiating with
our commerce minister, it will be okay.”Minister for Commerce U Than Myint told
The Myanmar Times yesterday he is primarily going to Indonesia to extend a
memorandum of understanding between the two countries for rice shipments, and
to promote trade.If the issue between MAPCO and Indonesian authorities is still
outstanding, he said he will negotiate with the Indonesian commerce minister,
but will leave it to the Indonesian government to decide whether they want to
offer a discount.The MAPCO shipment was the first rice trade from Myanmar to
Indonesia under the existing MoU, he said.“Misunderstandings about export
regulations can happen, and I hope our delegation to Indonesia can promote
sustainable trade with Indonesia.
Bumper paddy harvest likely due to fast pace of
transplantation
Post Report, Kathmandu
Aug 12, 2016- Paddy transplantation across the country has
progressed faster this year raising the prospect of a bumper harvest which will
boost farm incomes, rev up overall economic growth and help Nepal regain the
status of a food surplus country.Thanks to an above-average monsoon this year,
transplantation across the country as of August 7 stood at 94.36 percent of
1.42 million hectares compared to 75 percent in the same period last year.
The transplantation rate is similar to 2011 when the country witnessed
a bumper paddy harvest of 5.07 million tonnes.“If normal rains continue in
September—the peak germinating and flowering period for paddy—the country could
record a bumper harvest this year,” said Kamal Prasad Acharya, an agri
economist at the Ministry of Agricultural Development. “Due to good rains, we
expect a rise in the paddy acreage too.”
He
said that transplantation was likely to be completed in a few weeks. “This
year, the government ensured that farmers had sufficient chemical
fertilizer.”Due to the Tarai unrest when winter crops were growing in the
fields last year, the government failed to distribute a large amount of
chemical fertilizer. “The current stock could fulfil the requirement for winter
crops too.” The Food and Agriculture
Organization of the United Nations (FAO), in its latest assessment of Nepal’s
agriculture sector, has forecast that the 2016 summer paddy output will recover
to 4.8 million tonnes, up 13 percent from the reduced 2015 level.The FAO said
that rains had been above-average over most of the country since mid-May which
has benefitted paddy transplanting activities.
Last
year, Nepal’s overall cereal crop output dropped 7 percent to 8.61 million
tonnes, resulting in a sluggish economic growth of 0.77 percent. Paddy output fell
sharply by 10.22 percent to 4.29 million tonnes.The FAO said that excessive
precipitation triggered localized flooding and landslides in parts of the
Central and Western regions, but the impact on early planted crops is expected
to be minimal.This year, the monsoon entered Nepal on June 15 and covered the
entire country by June 20.The ministry’s statistics show that paddy
transplantation has been completed on 95.84 percent of the 58,438 hectares of
fields in the mountain region.Transplantation in the hills and Tarai has been
completed on 96.22 percent of 382,569 hectares and 93.55 percent of 984,339
hectares respectively.
The
Tarai, which is the largest paddy producing region in the country, accounts for
71 percent of the total rice acreage. The hills account for 25 percent and the
mountain region 4 percent. In terms of geographical distribution, the Far
Western, Mid-Western and Western regions saw the highest transplantation rate.
According to the ministry, transplantation in the Far Western Region has been
completed on 99.88 percent of the 170,117 hectares of paddy fields.
Transplantation
in the Mid-Western and Western regions has been recorded at 98.72 percent of
172,648 hectares and 98.90 percent of 308,090 hectares.Similarly,
transplantation in the Central and Eastern regions has been completed on 92.72
percent of 391,624 hectares and 87.95 percent of 382,867 hectares. Last year, 9
percent of the country’s total rice fields were left unplanted due to a poor
monsoon.
Nepal
has slid back into a food deficit this fiscal year largely due to a sharp drop
in cereal production. According to the ministry’s statistics, the country has a
food deficit of 71,387 tonnes.
Published:
12-08-2016 08:46
http://kathmandupost.ekantipur.com/news/2016-08-12/bumper-paddy-harvest-likely-due-to-fast-pace-of-transplantation.html
PhilRice studying Indonesian crop
method to improve productivity
August 13, 2016
EXPERTS
from the Philippine Rice Research Institute (PhilRice) have evaluated a farming
method developed in Indonesia as an effective way to maximize productivity amid
the threat of climate change.“This is a good climate change adaptation
technology in both flood- and drought-prone rice areas,” Rizal G. Corales, head
of PhilRice’s Intensified Rice-Based AgriBioSystems (IRBAS) Program said in a
PHilRice statement uploaded on its Web site, referring to the “sorjan” cropping
system.
Sorjan,
developed by Indonesian farmers, is a system of alternating deep and raised beds,
making it adaptable to both dry and wet seasons.With the country coming off a
dry spell and now in the grip of La Niña, agricultural experts are seeking
technologies to ensure economic stability in rice-farming communities.The deep
parts of the Sorjan system can serve as rain water harvesting or impounding
mechanism for farmers in drought-prone areas Meanwhile, the raised beds allow
farmers to plant dryland crops such as vegetables and cash crops, according to
PhilRice.PhilRice experts said that the ideal dimension of the raised bed is
around 3 meters (m) wide and 30cm above water level. The bund around the area
ranges from about 70 centimeters (cm) to 100 cm wide and 30 cm high.
“The
sink with the impounded water can be used for rice production and other crops
like gabi or kangkong, and for fish production. The water stored in the sink
can later be used for irrigation,” Mr. Corales said, adding that PhilRice
highly encourages the integration of rice, vegetables, and fish. The vegetable
crops that can be cultivated through the sorjan method are eggplant, pepper,
tomatoes, upland kangkong, bush beans, cowpea, pechay, mustard, kale, lettuce,
spinach, okra, corn, and herbs -- grown depending on the season.
The fish component may include cat
fish, gourami, or tilapia while bunds, on the other hand, can be planted with
okra and bush or pole beans.“Literature cited that the Sorjan cropping system
can generate an income up to 10 times higher than the income from rice with the
same piece of land, which we are trying to prove,” PhilRice’s Mr. Corales was
quoted as saying the statement.Rice takes about four to five months before
harvest.
“With Sorjan, the production can
support the family’s daily food requirements and expenses. That leaves rice
income for later as savings or as capital for other income generating
endeavors,” Corales added.To maximize farm productivity and reduce production
costs, non-marketable products such as vegetable discards or rejects, weeds,
and other crop residues and biomass can be used as feed for livestock,
substrate for mushrooms, or vermicomposting.
The system is continuously being developed at the Institute to
identify the right combination of crops, and what crops can best adapt to this
system. -- Janina C. Lim
Prices of rice, beef shoot up (12-08-2016)
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