Economic
experts suggest Zero-Tax on Agriculture
As the government of Pakistan is
in the process of preparing the next year’s national budget, the economic
managers must closely evaluate the performance, challenges and opportunities in
the various industrial and economic sectors, to devise result-oriented reforms,
policies and incentives for each sector. Since Pakistan’s economy is
primarily dependent on high agricultural productivity, which can enrich all the
other important industries, it is advisable to extend all possible incentives,
technological support and financial assistance to this critical sector, for the
benefit of the whole nation.
Many learned experts and vibrant
associations like; ‘Fertiliser Manufacturers of Pakistan Advisory Council’
(FMPAC), Punjab Agriculture Commission (PAC) and the ‘Pakistan Kissan Ittehad’
(PKI) have suggested that: Since the country’s economy is facing difficult
times, Pakistan must consider introducing a Tax-Free regime for the
agricultural sector, in the next year’s budget, to accelerate growth and
prosperity.
The Pakistani farmers and
fertiliser producers are facing a host of issues due to excessive taxation,
while there is no support-price mechanism for any important crop, except
‘Wheat’. There is an urgent need to abolish the heavy rate of “General Sales
Tax” (GST) and “Gas Infrastructure Development Cess” (GIDC) on the input and
output of all types of fertilisers. It is necessary to announce support prices
for major crops like; Cotton, rice, potato and corn in Pakistan.
Other agrarian economies in the
region, including India, have already given substantial tax-relief to their
farmers. Fertiliser prices in India have also been reduced. These measures have
significantly brought down the cost of cultivation in this neighbouring
country, to achieve more sustainability, better crop-yields and stable
prices.
Hence, the government of Pakistan
should discourage the import and trade of many agricultural commodities from
India, where 27 major crops enjoy support-prices. So, this can make the
Pakistani crops non-competitive in the international market. Pakistan must
announce support-price mechanism for; Cotton crop at Rs 4,000/- Per 40 KG bale,
Rice at Rs 2,200 per 40 KG, Potato at Rs 2,500 and Corn at Rs 1,500.If
immediate steps are not taken to address the economic worries of the farmer
community, Pakistan’s agricultural and fertiliser sectors may face some serious
crises and the country’s economy will suffer for very long time.
https://www.pakistantoday.com.pk/2017/05/25/economic-experts-suggest-zero-tax-on-agriculture/
Basmati export benefits from ban on DA,
exporters seek similar move for non-basmati
| May 25, 2017, 05.29 PM IST
"The curb on DA in export of basmati has decreased defaults in the trade and also given control over prices to the domestic exporters," executive director, All India Rice Exporters Association (AIREA) Rajen Sudershan told ET. Sudershan said that the rice exporters lobby is contemplating to seek ban on DA in case of non-basmati from the Indian government. "The move will boost export and also benefit different stakeholders in the rice trade," he said.
The rice exporters maintain that the ban on DA had brought benefits to domestic companies as well as farmers who received timely and higher remuneration this time compared to the previous marketing season. "The policy amendment on DA by government has given confidence to exporters who were exploited by buyers once consignments have been delivered," Vijay Sethia past president of AIREA said. Sethia said that the practise of DA allowed buyers to manipulate all companies who were forced to compromise on margins.
This year the ban on DA has promoted transaction through Cash against documents and Letter of Credit. "It has lead to better rice realization to exporters and higher remunerations to farmers," Sethia said. The export of basmati this season stood around 3.99 million tonnes till March 2017 compared to 4.4-million tonnes in 2015-16. The Indian basmati export has been affected due to less basmati trade to Iran after the gulf nation introduced price regulation of $850 per tonne on basmati import.
Bangladesh
to speed up rice imports
25 May 2017 at 19:10
WRITER: REUTERS
DHAKA - Bangladesh will speed up plans to
import rice to build reserves and rein in local prices after flash floods hit
domestic output, government officials said on Thursday.As part of that, a
Bangladeshi delegation is now in Vietnam to finalise imports of the staple
grain in a government-to-government deal, said a procurement official,
declining to be identified as he was not authorised to speak with media. He did
not give further details on the transaction.
Ramped
up demand from Bangladesh, the world's fourth-biggest rice producer, could
underpin prices in major exporters Vietnam, Thailand and India."We are
making frantic efforts to boost state reserves and bring down prices of
rice," said the procurement official.Local rice prices have reached record highs and state reserves are at six-year lows in the wake of flooding in April that wiped out around 700,000 tonnes of output.The state grains buyer earlier this month said it would ship in 600,000 tonnes of rice after the flooding, initially issuing two tenders for a total of 100,000 tonnes of rice, its first such tenders since 2011.
Meanwhile, the procurement official said the government had decided not to withdraw duty on private rice imports, looking to protect farmers.
Vietnamese rice prices this week hit their highest in over a year on expectations of strong demand from top importing countries such as Bangladesh and the Philippines.
Bangladesh wants to buy around 250,000 to 300,000 tonnes of Vietnam's 5% white rice immediately and plans to increase rice imports from Vietnam to 500,000 tonnes by end of 2017, Vietnam's trade ministry said.Vietnam's 5% broken rice was quoted at $360-$380 a tonne free on board in Saigon, up from $365-$370 last week and the highest since April last year, as suppliers eyed export deals, traders said.
Traders and officials say Bangladesh could emerge as a major importer of rice this year. It was ranked as the fourth-largest importer of the grain by the US Department of Agriculture in 2011.Since then, the Bangladesh government has not imported rice although private traders have done, mostly from India.
Bangladesh produces around 34 million tonnes of rice annually but uses almost all its production to feed its population of 160 million. It often requires imports to cope with shortages caused by natural calamities such as floods and droughts.
Over 3,000 Tamil Nadu Mosques To Get Free
Rice During Ramzan
Tamil Nadu Chief Minister Edappadi K Palaniswami approved supply of
4,900 tonnes of free rice to some 3,000 mosques during Ramzan, for which Tamil
Nadu will spend Rs. 12.60
crore.
Sponsored
Ramadan 2017: The free rice
scheme during Ramzan was started by late Tamil Nadu CM J Jayalalithaa. (File)
CHENNAI: Tamil
Nadu Chief Minister Edappadi K Palaniswami has approved supply of 4,900 tonnes
of free rice to some 3,000 mosques in the state during the fasting month of
Ramzan starting later this month. The mosques will use the rice to make gruel.
The Tamil Nadu government will spend Rs. 12.60 crore to supply free rice, the state government said in a statement. The scheme, well-received by Muslims, was started by late Tamil Nadu Chief Minister J Jayalalithaa, the statement said. Subsequently, more people had asked the government for free rice this year too.
The Tamil Nadu government will spend Rs. 12.60 crore to supply free rice, the state government said in a statement. The scheme, well-received by Muslims, was started by late Tamil Nadu Chief Minister J Jayalalithaa, the statement said. Subsequently, more people had asked the government for free rice this year too.
|
Mr Palaniswami has
directed officials to approve supply of free rice to mosques, and asked
district collectors to verify documents, the Tamil Nadu government said in
the statement.
|
The AIADMK's mouthpiece "Dr Namadhu MGR" in 2015 had said a Pakistani television channel had welcomed the scheme and suggested the free-rice scheme should be implemented in Pakistan too.
"A Pakistan television channel 'SAMAA' has aired a news about chief minister Jayalalithaa's scheme of free rice to make gruel during the holy month of Ramzan and it wanted its government to emulate it," the All India Anna Dravida Munnetra Kazhagam's mouthpiece had said
http://www.ndtv.com/tamil-nadu-news/over-3-000-tamil-nadu-mosques-to-get-free-rice-during-ramzan-1703667
Global Basmati Rice Market 2017: Industry Research, Review,
Growth, Share, Segment, Analysis and Forecast to 2022
This report covers market
characteristics, size and growth, segmentation, regional breakdowns, competitive
landscape, market shares, trends and strategies
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insightful data for business strategists. It provides the Basmati Rice industry
overview with growth analysis and historical & futuristic cost, revenue,
demand and supply data (as applicable). The research analysts provide an
elaborate description of the value chain and its distributor analysis. This
Basmati Rice market study provides comprehensive data which enhances the
understanding, scope and application of this report.
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This report provides comprehensive
analysis of
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
Global Basmati Rice Market:
Regional Segment Analysis
North America
Europe
China
Japan
Southeast Asia
India
North America
Europe
China
Japan
Southeast Asia
India
The Major players reported in the
market include:
REI Agro Ltd
KRBL Ltd
LT Foods Ltd
Kohinoor Foods Ltd
Lakshmi Group
Pari India
DUNAR
Amar Singh Chawalwala
Golden Foods
...
REI Agro Ltd
KRBL Ltd
LT Foods Ltd
Kohinoor Foods Ltd
Lakshmi Group
Pari India
DUNAR
Amar Singh Chawalwala
Golden Foods
...
Global Basmati Rice Market: Product
Segment Analysis
Type 1
Type 2
Type 3
Type 1
Type 2
Type 3
Global Basmati Rice Market:
Application Segment Analysis
Application 1
Application 2
Application 3
Application 1
Application 2
Application 3
Make an enquiry of this Report @ https://www.wiseguyreports.com/enquiry/1302662-global-basmati-rice-market-research-report-forecast-2017-to-2022
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
Table of Content
Global Basmati Rice Market Research
Report Forecast 2017-2022
Chapter 1 Basmati Rice Market
Overview
1.1 Product Overview and Scope of Basmati Rice
1.2 Basmati Rice Market Segmentation by Type
1.2.1 Global Production Market Share of Basmati Rice by Type in 2016
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Basmati Rice Market Segmentation by Application
1.3.1 Basmati Rice Consumption Market Share by Application in 2016
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Basmati Rice Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Basmati Rice (2012-2022)
1.1 Product Overview and Scope of Basmati Rice
1.2 Basmati Rice Market Segmentation by Type
1.2.1 Global Production Market Share of Basmati Rice by Type in 2016
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Basmati Rice Market Segmentation by Application
1.3.1 Basmati Rice Consumption Market Share by Application in 2016
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Basmati Rice Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Basmati Rice (2012-2022)
Chapter 2 Global Economic Impact on
Basmati Rice Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
......
Chapter 8 Global Basmati Rice
Manufacturers Analysis
8.1 REI Agro Ltd
8.1.1 Company Basic Information, Manufacturing Base and Competitors
8.1.2 Product Type, Application and Specification
8.1.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.1.4 Business Overview
8.2 KRBL Ltd
8.2.1 Company Basic Information, Manufacturing Base and Competitors
8.2.2 Product Type, Application and Specification
8.2.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.2.4 Business Overview
8.3 LT Foods Ltd
8.3.1 Company Basic Information, Manufacturing Base and Competitors
8.3.2 Product Type, Application and Specification
8.3.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.3.4 Business Overview
8.4 Kohinoor Foods Ltd
8.4.1 Company Basic Information, Manufacturing Base and Competitors
8.4.2 Product Type, Application and Specification
8.4.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.4.4 Business Overview
8.5 Lakshmi Group
8.5.1 Company Basic Information, Manufacturing Base and Competitors
8.5.2 Product Type, Application and Specification
8.5.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.5.4 Business Overview
8.6 Pari India
8.6.1 Company Basic Information, Manufacturing Base and Competitors
8.6.2 Product Type, Application and Specification
8.6.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.6.4 Business Overview
8.7 DUNAR
8.7.1 Company Basic Information, Manufacturing Base and Competitors
8.7.2 Product Type, Application and Specification
8.7.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.7.4 Business Overview
8.8 Amar Singh Chawalwala
8.8.1 Company Basic Information, Manufacturing Base and Competitors
8.8.2 Product Type, Application and Specification
8.8.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.8.4 Business Overview
8.9 Golden Foods
8.9.1 Company Basic Information, Manufacturing Base and Competitors
8.9.2 Product Type, Application and Specification
8.9.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.9.4 Business Overview
8.1 REI Agro Ltd
8.1.1 Company Basic Information, Manufacturing Base and Competitors
8.1.2 Product Type, Application and Specification
8.1.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.1.4 Business Overview
8.2 KRBL Ltd
8.2.1 Company Basic Information, Manufacturing Base and Competitors
8.2.2 Product Type, Application and Specification
8.2.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.2.4 Business Overview
8.3 LT Foods Ltd
8.3.1 Company Basic Information, Manufacturing Base and Competitors
8.3.2 Product Type, Application and Specification
8.3.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.3.4 Business Overview
8.4 Kohinoor Foods Ltd
8.4.1 Company Basic Information, Manufacturing Base and Competitors
8.4.2 Product Type, Application and Specification
8.4.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.4.4 Business Overview
8.5 Lakshmi Group
8.5.1 Company Basic Information, Manufacturing Base and Competitors
8.5.2 Product Type, Application and Specification
8.5.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.5.4 Business Overview
8.6 Pari India
8.6.1 Company Basic Information, Manufacturing Base and Competitors
8.6.2 Product Type, Application and Specification
8.6.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.6.4 Business Overview
8.7 DUNAR
8.7.1 Company Basic Information, Manufacturing Base and Competitors
8.7.2 Product Type, Application and Specification
8.7.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.7.4 Business Overview
8.8 Amar Singh Chawalwala
8.8.1 Company Basic Information, Manufacturing Base and Competitors
8.8.2 Product Type, Application and Specification
8.8.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.8.4 Business Overview
8.9 Golden Foods
8.9.1 Company Basic Information, Manufacturing Base and Competitors
8.9.2 Product Type, Application and Specification
8.9.3 Production, Revenue, Price and Gross Margin (2012-2017)
8.9.4 Business Overview
……Continued
Norah Trent
Wise Guy Consultants Pvt. Ltd.
+1 (339) 368 6938 (US)/+91 841 198 5042 (IND
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Customs: Marine command
seizes 941 bags of foreign rice – Official
May 25, 2017
The Western Marine Command of the Nigeria Customs Service (NCS) on
Thursday said it impounded 941 bags of foreign per boiled rice valued at about
N6.8 million.According to the Controller of the command, Sarkin Kebbi at a news
conference in Lagos, ”the impounded rice is valued at N6,830,719, a Duty valued
N4, 781,503 and duty paid valued N11,612,322.”Do you need a world class website
for your business or oganization? Do you need help with online marketing?
The controller, who displayed the commodity, said the feat was
achieved through a renewed resolve of the officers to stamp out smuggling.Kebbi
said that on resumption of duty a month ago, he made known to the officers the
mandate given to him from the customs headquarters.According to him, ”the
service echelon handed me a stern order to ensure that smugglers were compelled
to change their nefarious act to legitimate businesses.“I will not fail in my
mandate; I have never failed before and will not stay below the board.
“With motivation from the headquarters, I promise to make bigger
seizures.“We know that the rainy season is the time the smugglers always want
to make use of the waterways as the roads are bad because of the rains.“My
officers and I promise them a tougher time within the nation’s waterways as all
avenues will be explored to ensure that they are forced out of business,’’
Kebbi said.He said that no arrest was made as the only man who was to be
arrested in connection with the seizure jumped into the Badagry water and
disappeared.
He advised the smugglers to desist from their act as a new
”sheriff” had taken over the saddle and therefore, no hiding place for
smugglers.Kebbi said that the Federal Government had been trying to make local
rice available to the masses, thereby creating jobs in the agriculture sector.He
expressed regret that the activities of the smugglers were making the effort of
the government fruitless
https://www.nigeriatoday.ng/2017/05/customs-marine-command-seizes-941-bags-of-foreign-rice-official/
Climate change will adversely hit rice productivity, say Indian
scientists
LivingIndia
Science WireMay,
25 2017 15:48:20 IST
By Sunderarajan Padmanabhan
New Delhi: Global climate change is
projected to have wide ranging effects on the environment and on socio-economic
and related sectors. Indian agriculture scientists have found that rising
temperature will adversely hit rice productivity in the country.
Experiments done in Tamil Nadu
show that elevated temperature will have a negative impact on rice
productivity, even nullifying the positive effects of higher level of carbon
dioxide.
Researchers at the
Coimbatore-based Tamil Nadu Agricultural University conducted a study on rice
which is a staple food for most people in the region. According to Manila-based
International Rice Research Institute, rice provides 23 percent of global human
per capita energy and 16 per cent of global human per capita protein.
The study involved actual
cultivation of the cereal in a climate control chamber (CCC) where the
temperature was maintained at four degrees above the ambient temperature and a
carbon dioxide enrichment level of 650 parts per million (ppm). The experiment
was carried out with four different days of planting – 1 June, 15 June, 1 July
and 15 July.
It was seen that crops grown
under the projected conditions attained panicle initiation, flowering and
maturity much earlier than those grown under the ambient condition. But,
recorded reduced growth characters such as leaf area index, dry matter
production and number of tillers. In addition, lesser percentage of dry matter
was partitioned towards grain and more for the roots. Subsequently, they
recorded lower grain and straw yields.
Overall, elevated temperature was found to have a negative
impact on rice productivity, even nullifying the positive effects of higher
level of carbon dioxide. The researchers have published a report on their work
in the latest issue of journal Current
Science.
The study was conducted by
V.Geethalakshmi, K.Bhuvaneswari and A. Lakshmanan of TNAU and N. Udaya
Sekhar of Bioforsk, Norwegian Institute for Agricultural and Environmental
Research.
Published Date: May 25, 2017
03:47 pm | Updated Date: May 25, 2017 03:48 pm
http://www.firstpost.com/living/climate-change-will-adversely-hit-rice-productivity-say-indian-scientists-3480359.html
Sri Lanka February trade gap
widens, lower exports, higher rice, fuel imports
May 25, 2017 18:09 PM GMT+0530 |
ECONOMYNEXT – Sri Lanka's trade
deficit widened to $743 million in February 2017 from a year ago, with a
decline in exports amid increased imports mainly of fuel and rice, the Central
Bank said.
Exports fell 2.7 percent in February to $867.8 million, while imports rose 11.9 percent to $1.61 billion, a statement said.
Sri Lanka’s January-February 2017 trade deficit widened to $1.68 billion from $1.24 billion the year before.
Earnings from industrial exports, which represent about 76 percent of total exports, declined 6.5 percent year-on-year to $659 million in February 2017 mainly due to reduced earnings from textiles and garments.
Exports fell 2.7 percent in February to $867.8 million, while imports rose 11.9 percent to $1.61 billion, a statement said.
Sri Lanka’s January-February 2017 trade deficit widened to $1.68 billion from $1.24 billion the year before.
Earnings from industrial exports, which represent about 76 percent of total exports, declined 6.5 percent year-on-year to $659 million in February 2017 mainly due to reduced earnings from textiles and garments.
Export earnings from textiles and
garments contracted 14.5 percent to $396 million in February 2017, reflecting a
significant decline in garments exports to the EU and the US. Food, beverages
and tobacco, and gems, diamonds and jewellery also contributed substantially to
lower earnings from industrial exports.
However, earnings from machinery and mechanical appliances, petroleum products, and rubber products improved, the Central Bank said. Earnings from agricultural exports grew for the third consecutive month, registering a12.5 percent increase to $205 million in February 2017. Earnings from tea exports rose 12.8 percent in value terms due to higher prices, in spite of a decline in volumes exported.
Expenditure on imports increased 11.9 percent year-on-year to $1,611 million in February 2017, continuing double-digit growth seen in imports for the fifth consecutive month, the statement said.Higher expenditure incurred on intermediate goods contributed largely to this growth.
Rice imports increased to $36 million in February 2017 in comparison to less than $1 million incurred in February 2016.
(COLOMBO, May 25, 2017
However, earnings from machinery and mechanical appliances, petroleum products, and rubber products improved, the Central Bank said. Earnings from agricultural exports grew for the third consecutive month, registering a12.5 percent increase to $205 million in February 2017. Earnings from tea exports rose 12.8 percent in value terms due to higher prices, in spite of a decline in volumes exported.
Expenditure on imports increased 11.9 percent year-on-year to $1,611 million in February 2017, continuing double-digit growth seen in imports for the fifth consecutive month, the statement said.Higher expenditure incurred on intermediate goods contributed largely to this growth.
Rice imports increased to $36 million in February 2017 in comparison to less than $1 million incurred in February 2016.
(COLOMBO, May 25, 2017
Bangladesh
to Speed Up Rice Imports in Wake of Flooding
As part of that, a Bangladeshi delegation is now in Vietnam to
finalize imports of the staple grain in a government-to-government deal, said a
procurement official, declining to be identified as he was not authorized to
speak with media. He did not give further details on the transaction.
Ramped up demand from Bangladesh, the world's fourth-biggest
rice producer, could underpin prices in major exporters Vietnam, Thailand and
India.
"We
are making frantic efforts to boost state reserves and bring down prices of
rice," said the procurement official.
Local rice prices have reached record highs and state reserves
are at six-year lows in the wake of flooding in April that wiped out around
700,000 tons of output.
The state grains buyer earlier this month said it would ship in
600,000 tons of rice after the flooding, initially issuing two tenders for a
total of 100,000 tons of rice, its first such tenders since 2011.
Meanwhile, the procurement official said the government had
decided not to withdraw duty on private rice imports, looking to protect
farmers.
Bangladesh produces around 34 million tons of rice annually but
uses almost all its production to feed its population of 160 million. It often
requires imports, however, to cope with shortages caused by natural calamities
like floods and droughts
http://jakartaglobe.id/international/bangladesh-speed-rice-imports-wake-flooding/
"Rice Day" Celebrated During Louisiana Legislative
Session
BATON ROUGE, LA --
Yesterday, Louisiana rice farmers and millers spent the day here celebrating
"Louisiana Rice Day at the Capitol" to highlight the economic
importance of the Louisiana rice industry to the state economy, and the
environmental and cultural benefits to its citizens.
Louisiana Rice Growers Association President Michael Fruge told members of the House Agriculture, Forestry, Aquaculture and Rural Development Committee that rice is grown in 31 parishes by more than 1,000 growers. Fruge said he was "proud of the resilience of our rice growers in challenging economic times, especially in relation to the hardships associated with the 2016 and 2017 flooding that caused significant damage to Louisiana's rice crop."
Committee member, Representative John Stefanski, reminded fellow legislators, "The rice industry represents all of the small businesses in our rural community." Stefanski also took a personal privilege to recognize the industry leadership in attendance when the entire Louisiana House of Representatives convened, including Fruge, Donald Berken, Kevin Berken, Jeff Durand, Richard Fontenot, Mark Frey, Steve Linscombe, Jackie Loewer, Jeffery Sylvester, and Robbie Trahan.
The rice industry delegation also was recognized at both the Senate Health and Welfare, and the Senate Commerce, Consumer Protection and International Affairs Committees, along with the Louisiana Rural Caucus.
Louisiana Rice Growers Association President Michael Fruge told members of the House Agriculture, Forestry, Aquaculture and Rural Development Committee that rice is grown in 31 parishes by more than 1,000 growers. Fruge said he was "proud of the resilience of our rice growers in challenging economic times, especially in relation to the hardships associated with the 2016 and 2017 flooding that caused significant damage to Louisiana's rice crop."
Committee member, Representative John Stefanski, reminded fellow legislators, "The rice industry represents all of the small businesses in our rural community." Stefanski also took a personal privilege to recognize the industry leadership in attendance when the entire Louisiana House of Representatives convened, including Fruge, Donald Berken, Kevin Berken, Jeff Durand, Richard Fontenot, Mark Frey, Steve Linscombe, Jackie Loewer, Jeffery Sylvester, and Robbie Trahan.
The rice industry delegation also was recognized at both the Senate Health and Welfare, and the Senate Commerce, Consumer Protection and International Affairs Committees, along with the Louisiana Rural Caucus.
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Rep. Bernard LeBas |
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Trahan,
the CEO of Falcon Rice Mill in Crowley, spoke about the importance of the
Louisiana rice milling industry as well as the impact that rice exports have on
the economic health of Louisiana's rural communities. Representative
Jeffery Hall, who represents an urban district in Alexandria, said, "You
can live in the city but you can't live without the rural communities that feed
us."
Representative Terry Brown added, "If they don't have rice and gravy in heaven, then I don't want to go."
The day ended with an acknowledgement from Senator Bret Allain, a fellow farmer from Jeanerette, who invited Senators from rice producing districts to recognize the Louisiana rice industry leaders amongst all of their peers. Richard Fontenot said, "This was a great way to collectively thank our legislators not only for their support in the past but also our work together in the future."
Each legislator received a one-pound bag of Louisiana rice donated by the Louisiana Rice Growers Association along with educational material about the Louisiana rice industry.
Representative Terry Brown added, "If they don't have rice and gravy in heaven, then I don't want to go."
The day ended with an acknowledgement from Senator Bret Allain, a fellow farmer from Jeanerette, who invited Senators from rice producing districts to recognize the Louisiana rice industry leaders amongst all of their peers. Richard Fontenot said, "This was a great way to collectively thank our legislators not only for their support in the past but also our work together in the future."
Each legislator received a one-pound bag of Louisiana rice donated by the Louisiana Rice Growers Association along with educational material about the Louisiana rice industry.
|
LA delegation with LA House Ag
Chairman Francis Thompson
|
Asia Rice-Vietnam prices hit
13-month high; Thailand up on lower supply
Patpicha Tanakasempipat | BANGKOK
May 25 Vietnam rice hit its
highest level in over a year this week on potential export deals and prices in
Thailand firmed up as supply eased, while the Indian variety gained on growing
demand from Africa, traders said.
Expectations of strong demand
from top importing countries such as Bangladesh and the Philippines are
fuelling the uptrend in Vietnam and Thailand rice prices.
Vietnam's 5-percent broken rice
RI-VNBKN5-P1 was quoted at a level unseen since April last year, at $360-$380 a
tonne, FOB Saigon, up from $365-$370 last week, as suppliers eyed export deals,
traders said.
Bangladesh said on Tuesday it
will buy 250,000-300,000 tonnes of Vietnamese rice immediately and planned to
increase rice imports from Vietnam to 500,000 tonnes by end-2017.
It will also buy one million
tonne of Vietnamese rice annually until 2022.The Philippines said on Monday it
would issue a tender next month to import 250,000 tonnes of the grain from key
suppliers Thailand and Vietnam, and possibly also India.
Thai benchmark 5-percent broken
rice RI-THBKN5-P1 firmed this week to $411-$412 a tonne, free-on-board (FOB)
Bangkok, from $385-$411 last week, the highest in nine months.
"Prices have strengthened
greatly, and supply is running low while demand remains constant," a
trader in Bangkok said.
But traders in Thailand and
Vietnam said the price hike has started making the local grain too expensive
for them to buy for export, raising a possibility for short supply in the
market.
"After the Bangladesh news,
I can no longer buy anything," said a trader in Ho Chi Minh City.
"The market is really
stressed already, even though there's no real trade," another trader said,
referring to the Bangladesh deals.Thailand and Vietnam are the world's second
and third biggest rice exporters.
In India, the world's biggest
rice exporter, 5-percent broken parboiled rice RI-INBKN5-P1 jumped by $7 per
tonne to $398-$403, on a slight improvement in demand and a rally in local
paddy prices."Export prices are going up, tracking rise in other
countries. Demand has also improved from African buyers," said
M.Adishankar, executive director at Sri Lalitha, an exporter based at Kakinada
in the southern state of Andhra Pradesh.
In the past two months, there has
been a sharp rise in Indian rates on government buying and as appreciation in
the rupee caused a rally in local paddy prices.
"Rising paddy price in the
local market has been forcing us to raise export prices," said another
exporter based in Kakinada.Global rice prices are likely to go further up due
to demand from Bangladesh, Dhaka-based traders and government officials said.
Earlier this month, Bangladesh's
state grains buyer said the country will import 600,000 tonnes of rice.Bangladesh,
the world's fourth-biggest rice producer with around 34 million tonnes, could
emerge as a major importer this year, as low stocks and soaring prices led the
government to import the grain.
(Reporting by Patpicha
Tanakasempipat in BANGKOK, Mai Nguyen in HANOI, Rajendra Jadhav in MUMBAI,
Additional reporting by Ruma Paul in DHAKA; Editing by Vyas Mohan
http://in.reuters.com/article/asia-rice-idINL4N1IR3R9
High prices in first quarter keep rice farmers profitable, NFA
says
May 26, 2017
RICE FARMERS are estimated to
have raised P32 billion from sales of palay, or unmilled rice, in the first
quarter, the National Food Authority (NFA) reported yesterday, citing high
farmgate prices.
Workers unload sacks of rice at a warehouse of the National Food
Authority (NFA) in suburban Manila on October 7, 4014. -- AFP
In the first three months of the year, the NFA bought 131,720
bags of rice from farmers nationwide at P17 per kilogram (kg), for a total of
P118.5 million
According to the Philippine Statistics Authority (PSA), the cost of palay production averages P12.00/kg. Despite NFA’s buying of unmilled rice, farmers took advantage of the high prices offered by private traders ranging at P18.00 -- P22.00/kg versus the NFA’s support price of P17.00/kg plus incentives.
NFA Administrator Jason Laureano Y. Aquino said that the NFA buys unmilled rice from farmers in an effort to stabilize rice prices.“It is the mandate of the NFA to stabilize the price of rice in the market and we know that NFA serves as the benchmark for the price of palay,” he said in a statement yesterday.
“It influences the buying price of private traders to go higher than the support price for them to corner the volume they need. Without NFA as a stabilizer, the traders can dictate the price of palay, short-changing the farmers whenever they can,” Mr. Aquino added.
“We don’t base our performance solely on how much we have procured because we are limited by the government support price of P17.00/kg. We cannot go beyond that. What is important is that the farmers are enjoying much higher prices from private traders and that is good. The NFA’s presence is meant to stabilize the price of palay, not to directly compete with the traders,” Mr. Aquino said.
The NFA targets purchases of 4.6 million bags (230,367 MT) of palay this year to augment its rice requirement for distribution and buffer stocks.“At the present government support price of P17.70 -- P18/kg of palay, we are still giving the farmers a net profit of at least P285.00 -- P300.00 per bag,” he added. -- E.J.C. Tubayan
According to the Philippine Statistics Authority (PSA), the cost of palay production averages P12.00/kg. Despite NFA’s buying of unmilled rice, farmers took advantage of the high prices offered by private traders ranging at P18.00 -- P22.00/kg versus the NFA’s support price of P17.00/kg plus incentives.
NFA Administrator Jason Laureano Y. Aquino said that the NFA buys unmilled rice from farmers in an effort to stabilize rice prices.“It is the mandate of the NFA to stabilize the price of rice in the market and we know that NFA serves as the benchmark for the price of palay,” he said in a statement yesterday.
“It influences the buying price of private traders to go higher than the support price for them to corner the volume they need. Without NFA as a stabilizer, the traders can dictate the price of palay, short-changing the farmers whenever they can,” Mr. Aquino added.
“We don’t base our performance solely on how much we have procured because we are limited by the government support price of P17.00/kg. We cannot go beyond that. What is important is that the farmers are enjoying much higher prices from private traders and that is good. The NFA’s presence is meant to stabilize the price of palay, not to directly compete with the traders,” Mr. Aquino said.
The NFA targets purchases of 4.6 million bags (230,367 MT) of palay this year to augment its rice requirement for distribution and buffer stocks.“At the present government support price of P17.70 -- P18/kg of palay, we are still giving the farmers a net profit of at least P285.00 -- P300.00 per bag,” he added. -- E.J.C. Tubayan
http://www.bworldonline.com/content.php?section=Economy&title=high-prices-in-first-quarter-keep-rice-farmers-profitable-nfa-says&id=145822
Northern
VN enjoys bumper Winter-Spring rice harvest
The
northern region from Thua Thien-Hue province northward reaped a bumper harvest
in the 2016-2017 Winter-Spring rice crop for the 10th consecutive year, heard a
conference held in Thanh Hoa province on May 24.
Northern
localities grew rice on 1,145,000 ha in the crop, down 10,500 ha year-on-year,
and harvested an estimated 7.12 million tonnes of rice, with an average
productivity of 6.22 tonnes per ha.
The
Ministry of Agriculture and Rural Development attributed the bumper crop partly
to favourable weather. In the upcoming summer crop, northern localities
plan to plant rice on 1,308,000 ha in the hope of producing around 6.57 million
tonnes. As the crop is vulnerable to storms and floods, the Ministry
advised farmers to use short-duration rice varieties and localities to prepare
extra rice seedlings in case of damage. Local agricultural sectors are also
required to get anti-flood plans ready to minimize losses.
http://english.vietnamnet.vn/fms/society/179055/northern-vn-enjoys-bumper-winter-spring-rice-harvest.html
Bangladesh
to speed up rice imports in wake of flooding
May 25 Bangladesh will speed up
plans to import rice that it brought in to build reserves and rein in local
prices after flash floods hit domestic output, government officials said on
Thursday.
As part of that, a Bangladeshi
delegation is now in Vietnam to finalise imports of the staple grain in a
government-to-government deal, said a procurement official, declining to be
identified as he was not authorised to speak with media. He did not give
further details on the transaction.
Ramped up demand from Bangladesh,
the world's fourth-biggest rice producer, could underpin prices in major
exporters Vietnam, Thailand and India.
"We are making frantic
efforts to boost state reserves and bring down prices of rice," said the
procurement official.
Local rice prices have reached
record highs and state reserves are at six-year lows in the wake of flooding in
April that wiped out around 700,000 tonnes of output.
The state grains buyer earlier
this month said it would ship in 600,000 tonnes of rice after the flooding,
initially issuing two tenders for a total of 100,000 tonnes of rice, its first
such tenders since 2011.
Meanwhile, the procurement
official said the government had decided not to withdraw duty on private rice
imports, looking to protect farmers.
Bangladesh produces around 34
million tonnes of rice annually but uses almost all its production to feed its
population of 160 million. It often requires imports, however, to cope with
shortages caused by natural calamities like floods and droughts. (Reporting by
Ruma Paul; Editing by Joseph Radford)
http://in.reuters.com/article/bangladesh-rice-imports-idINL4N1IR2LK
Nagpur
Foodgrain Prices Open- May 26, 2017
Nagpur Foodgrain Prices –
APMC/Open Market-May 26
Nagpur, May 26 (Reuters) – Gram
and tuar prices moved down in Nagpur Agriculture Produce and
Marketing Committee (APMC)
auction on lack of demand from local millers amid increased supply
from producing regions. Fresh
fall in Madhya Pradesh pulses and release of stock from stockists
also pulled down prices in weak
trading activity.
About 1,800 bags of gram and
1,700 bags of tuar were available for auctions, according to
sources.
FOODGRAINS & PULSES
GRAM
* Gram varieties ruled steady in open market here in absence of buyers
amid good
supply from producing regions.
TUAR
* Tuar gavarani and tuar Karnataka showed weak tendency in open market
on lack of
demand from local traders amid good supply
from producing belts.
* Moong Chamki moved down in open market on poor buying support from local
traders amid increased supply from
producing regions.
* In Akola, Tuar New – 4,000-4,100, Tuar dal (clean) – 6,000-6,200, Udid
Mogar (clean)
– 9,000-10,000, Moong Mogar (clean)
6,800-7,200, Gram – 5,800-6,100, Gram Super best
* Wheat, rice and other commodities moved in a narrow range in
scattered deals and settled at last levels
in thin trading activity.
Nagpur foodgrains APMC auction/open-market
prices in rupees for 100 kg
FOODGRAINS Available prices Previous close
Gram Auction 5,200-5,450 5,200-5,520
Gram Pink Auction n.a. 2,100-2,600
Tuar Auction 3,500-3,850 3,500-4,000
Moong Auction n.a. 3,900-4,200
Udid Auction n.a. 4,300-4,500
Masoor Auction n.a. 2,600-2,800
Wheat Mill quality Auction 1,500-1,652 1,500-1,620
Gram Super Best Bold 8,200-8,500 8,200-8,500
Gram Super Best n.a. n.a.
Gram Medium Best 7,600-7,900 7,600-7,900
Gram Dal Medium n.a. n.a
Gram Mill Quality 5,600-5,700 5,600-5,700
Desi gram Raw 6,400-6,600 6,400-6,600
Gram Yellow 8,000-8,200 8,000-8,200
Gram Kabuli 12,300-13,400 12,300-13,400
Tuar Fataka Best-New 6,200-6,400 6,200-6,400
Tuar Fataka Medium-New 5,800-6,000 5,800-6,000
Tuar Dal Best Phod-New 5,700-6,000 5,700-6,000
Tuar Dal Medium phod-New 5,000-5,500 5,000-5,500
Tuar Gavarani New 4,150-4,250 4,200-4,300
Tuar Karnataka 4,250-4,350 4,300-4,400
Masoor dal best 5,500-5,700 5,500-5,700
Masoor dal medium 5,200-5,400 5,200-5,400
Masoor n.a. n.a.
Moong Mogar bold (New) 7,000-7,500 7,000-7,500
Moong Mogar Medium 6,500-6,800 6,500-6,800
Moong dal Chilka 5,400-6,300 5,400-6,300
Moong Mill quality n.a. n.a.
Moong Chamki best 6,900-7,900 7,000-8,000
Udid Mogar best (100 INR/KG) (New)
10,000-11,000 10,000-11,000
Udid Mogar Medium (100 INR/KG) 8,000-9,000 8,000-9,000
Udid Dal Black (100 INR/KG) 5,800-6,200 5,800-6,200
Batri dal (100 INR/KG) 5,500-5,600 5,500-5,700
Lakhodi dal (100 INR/kg) 3,300-3,500 3,300-3,500
Watana Dal (100 INR/KG) 2,900-3,000 2,900-3,000
Watana White (100 INR/KG) 3,400-3,600 3,400-3,600
Watana Green Best (100 INR/KG) 4,000-4,500 4,000-4,500
Wheat 308 (100 INR/KG) 1,950-2,050 1,950-2,050
Wheat Mill quality (100 INR/KG) 1,650-1,750 1,650-1,750
Wheat Filter (100 INR/KG) 2,150-2,350 2,150-2,350
Wheat Lokwan new (100 INR/KG) 1,850-2,050 1,850-2,050
Wheat Lokwan best (100 INR/KG) 2,200-2,350 2,200-2,350
Wheat Lokwan medium (100 INR/KG) 2,000-2,150 2,000-2,150
Lokwan Hath Binar (100 INR/KG) n.a. n.a.
MP Sharbati Best (100 INR/KG) 3,100-3,400 3,100-3,400
MP Sharbati Medium (100 INR/KG) 2,300-2,800 2,300-2,800
Rice BPT new (100 INR/KG) 3,100-3,400 3,100-3,400
Rice BPT best (100 INR/KG) 3,500-4,000 3,500-4,000
Rice BPT medium (100 INR/KG) 3,000-3,200 3,000-3,200
Rice Luchai (100 INR/KG) 2,500-2,800 2,500-2,800
Rice Swarna new (100 INR/KG) 2,300-2,450 2,300-2,450
Rice Swarna best (100 INR/KG) 2,600-2,800 2,600-2,800
Rice Swarna medium (100 INR/KG) 2,400-2,500 2,400-2,500
Rice HMT New (100 INR/KG) 3,600-4,000 3,600-4,000
Rice HMT best (100 INR/KG) 4,500-4,800 4,500-4,800
Rice HMT medium (100 INR/KG) 4,000-4,200 4,000-4,200
Rice Shriram New(100 INR/KG) 4,650-4,850 4,650-4,850
Rice Shriram best 100 INR/KG) 6,800-7,000 6,800-7,000
Rice Shriram med (100 INR/KG) 6,300-6,500 6,300-6,500
Rice Basmati best (100 INR/KG) 11,000-15,000 11,000-15,000
Rice Basmati Medium (100 INR/KG) 6,500-8,000 6,500-8,000
Rice Chinnor New(100 INR/KG) 4,600-4,800 4,600-4,800
Rice Chinnor best 100 INR/KG) 5,800-6,300 5,800-6,300
Rice Chinnor medium (100 INR/KG) 5,400-5,600 5,100-5,300
Jowar Gavarani (100 INR/KG) 1,900-2,200 1,900-2,200
Jowar CH-5 (100 INR/KG) 1,800-1,900 1,800-1,900
WEATHER (NAGPUR)
Maximum temp. 45.5 degree
Celsius, minimum temp. 30.9 degree Celsius
Rainfall : Nil
FORECAST: Partly cloudy sky. One
or two spells of rains likely. Maximum and minimum temperature
would be around and 45 and 32
degree Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are
excluded from plant delivery prices, but
included in market prices)
Rice, price: The long and short of it
Published May 25,
2017, 10:00 PM
Jose Abeto Zaide
By José Abeto Zaide
Before President Rodrigo R. Duterte
gives the game away by granting the private sector authority to import rice to
cover our shortfall, like a broken record, Oscar. Violago argues that the
National Food Authority should retain the exclusive authority to import rice on
G-t-G basis.BACKGROUND. Violago was a 29-year-old Boy Wonder in 1973 when,
mirabile dictu, he was able to source for NFA 100,000 metric tons of Chinese
rice when none seemed available in the world market. When rice hoarders and
price manipulators saw Chinese rice being unloaded at the pier, they panicked
and released their hoarded stocks, averting what could have been a calamitous
artificial shortage.
In his time, the then no-nonsense
NFA chairman Jess Tanchangco was able to supply demand, stabilized prices by
storing both locally produced and imported rice in 400 silos throughout the
country, and generated P200 billion in NFA coffers. In contrast, today NFA owes
P200 billion.
THE IRONY OF IRRI. There can be no
worse commentary than the fact that the International Rice Research Institute
is in Los Baños, but the Philippines continues to be a major importer of rice
from Thailand, Vietnam, and our neighbors.
The Filipino farmer is not lacking
in imagination or industry. But we must level the playing field. The Mekong
River flows through six countries and irrigates rice paddies in China, Myanmar,
Thailand, Laos, Cambodia, and Vietnam. Our neighbors have tapped this rich
source of water and consequently their farmers have multiple yields.
YES, WE CAN, IF…!
1.
NFA
retains exclusive authority to import rice. Importation should be done well
ahead of time and stored in its 400 silos to prevent hoarders from playing the
market scare.
2.We do not (repeat, NOT) release a
single grain of rice in the market during harvest season and maybe a month or
two months beyond the season depending on the prevailing price of rice in the
market.
3.We must be prepared to flood the
market , if necessary, to stabilize the price of rice to be reasonable and fair
to our consumers.
4.
Strategically,
we should locate rice stocks in the urban centers (Metro Manila, Cebu, Davao,
Legazpi, Naga, etc.).
5.
National
Irrigation Administration (NIA) should invest in building more high dams and
irrigation canals throughout the Philippines: Rice has insatiable thirst. All
the fertilizer and the technology will come to naught if the essential
ingredient, water, is absent. NIA should be made responsible:
6.
To
store waters and prevent flooding during heavy rains, and
7.
To
release water for irrigation to our farmers during the dry season.
This would have dual benefits of
preventing floods and damage to crops and ensure that the farmers are able to
have at least twice a year yields for their ricelands.
PROVEN. Thanks to the political will
of former President Fidel V. Ramos, the Casecnan Dam was built and Nueva Ecija
became the only all-year–round green province in the country, with farmers
receiving twice, thrice and some even four-fold yield. We should replicate many
more Casecnan dams throughout the country.
Violago is skeptical of the new NFA
practice of allowing “farmers’ cooperatives” and private sector to import rice.
Government is mandated to provide rice to the greatest number at least cost; in
contrast, the private sector, by definition, is there to maximize profit
margin.
POSTSCRIPT. We may not have the
funds to provide fertilizer or farm-to-market roads to our farmers. But for
those within reach, Senator Ralph Recto champions waiving the bill for
irrigation waters. He calls irrigation waters the low-hanging fruit and
anti-poverty tool for agriculture, which absorbs 27 percent of jobs and home to
40 percent of the poor.
What better way to fight poverty in
the countryside. The P1.5-billion bill for irrigation waters would be a sneeze
compared to the P150 billion requested for additional capitalization of the
Central Bank. To quote Senator Recto, if banks are too big to fail, why would
irrigation is too big to fund?
FEEDBACK:
joseabetozaide@gmail.com
Global rice starch
industry forecast to 2022 examined in new market research report
Published: 25 May 2017
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covers Food Grade, Industry Grade and others as product types whereas
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Report Available at: www.themarketreports.com/report/2017-global-rice-starch-industry-depth-research-report
Key companies profiled in this report are Beneo, Ingredion,
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Table of Contents:
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3 Global Rice Starch Competitions by Types
4 Global Rice Starch Competitions by Application
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7 Imports and Exports Market Analysis
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10 Industrial Chain and Downstream Buyers
11 Marketing Channels Analysis
12 Global Rice Starch Market Forecast (2017-2022)
13 Research Findings and Conclusion
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https://www.whatech.com/market-research/food-beverage/308198-global-rice-starch-industry-forecast-to-2022-examined-in-new-market-research-report
