Muted demand
drags down rice basmati prices
Basmati
rice (Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs
9,800, Basmati common new Rs 6,300-6,500, Rice Pusa (1121) Rs 5,000-5,050,
Permal raw Rs 2,150-2,175, Permal wand Rs 2,200-2,225, Sela Rs 2,300-2,400 and
Rice IR-8 Rs 1,825-1,850, Bajra Rs 1,180-1,190, Jowar yellow Rs 1,450-1,500,
white Rs 2,900-3,100, Maize Rs 1,300-1,305, Barley Rs 1,465-1,475
New
Delhi, Jul 28 Rice basmati prices fell by up to Rs 250 per quintal at the
wholesale grains market today owing to slackened demand. Barley also eased on
reduced offtake by consuming industries. Traders said easing demand against
adequate stocks position, mainly pulled down rice basmati prices. Meanwhile,
the Centre yesterday fixed higher rice procurement target at 37.5 million
tonnes for the 2017-18 marketing season beginning October on hopes of good
production.
The government's rice procurement has touched
34.35 million tonnes (MT) in the ongoing 2016-17 marketing season
(October-September). The procurement has already crossed the target of 33
million tonnes set for this year. In the national capital, rice basmati
Pusa-1121 and common slipped to Rs 5,000-5,050 and Rs 6,300-6,500 from previous
levels of Rs 5,250-5,300 and Rs 6,500-6,700 per quintal, respectively.
Non-basmati rice permal raw, wand,sela and IR-8 also settled lower at Rs
2150-2175, Rs 2,200-2,225, 2,300-2,400 and Rs 1,825-1,850 from previous levels
of Rs 2,200-2,225, Rs 2,250-2275,Rs 2,400-2,500 and Rs 1,850-1,900 per quintal
respectively in line with basmati trend.
Barley too shed Rs 10 to Rs 1,465-1,475 per
quintal. Following are today's quotations (in Rs per quintal): Wheat MP (desi)
Rs 2,100-2,350, Wheat dara (for mills) Rs 1,765-1,770, Chakki atta (delivery)
Rs 1,770-1,775, Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs
255-290, Roller flour mill Rs 970-980 (50 kg), Maida Rs 1,010-1,020 (50 kg)and
Sooji Rs 1,035-1,040 (50 kg). Basmati rice (Lal Quila) Rs 10,700, Shri Lal
Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common new Rs
6,300-6,500, Rice Pusa (1121) Rs 5,000-5,050, Permal raw Rs 2,150-2,175, Permal
wand Rs 2,200-2,225, Sela Rs 2,300-2,400 and Rice IR-8 Rs 1,825-1,850, Bajra Rs
1,180-1,190, Jowar yellow Rs 1,450-1,500, white Rs 2,900-3,100, Maize Rs
1,300-1,305, Barley Rs 1,465-1,475.
This Week in Logistics News (July 22 – 28)
The 2017 Tour de France concluded this past Sunday after 23 days,
21 stages, 2,200 miles, and over 86 hours of riding. To put some perspective on
the logistics behind the Tour, the race consisted of 198 riders, 167 of whom
would finish the race. There are generally somewhere in the range of 10 to 12
million spectators that will line the roads during the course of the event.
There are 40+ team cars, dozens of medical cars and ambulances, as well as a
few additional official cars on the roads. There are close to 1,000 news
agencies covering the event, which means thousands of reporters, photographers,
broadcasters, and camera operators. And all of these people have to set up and
break down broadcast booths and the rest of their equipment at the end of every
stage, every day. While all of this sounds daunting, it’s nothing compared to
what the athletes go through. This year’s winner was Chris Froome, who completed
the race in 86:20:55, beating Rigoberto Urán by 54 seconds. This was Froome’s
fourth overall Tour win, and his third in the last four years.
And now, on to the news.
Amazon is going underwater. That’s
not a clever way of saying that their business is in trouble. Instead, the
company has recently filed a patent to store items in an underwater facility.
The latest forward thinking patent filed by Amazon is in response to the
growing need for warehousing space due to the rise of e-commerce. According to
the patent, underwater warehouses would be filled with merchandise in airtight
containers. The containers would be placed there by a combination of humans,
conveyor belts, trucks, or planes. Each container would have a cartridge
attached which controls the depth. When a customer orders that specific item,
an acoustic wave would be sent to cartridge, which would release a balloon and
send the container to the surface. Add this to the long list of Amazon’s outside the boxthinking when
it comes to the future of fulfillment.
Late last year, Walmart tested out a new
kind of in-store fulfillment process. The company built a giant tower that acts
as a vending machine for online orders. The machine, named automatic pickup
machine internally, allows the customer to enter the online order number into
the machine, and the machine spits out the package like a vending machine.
After a successful pilot, Walmart has announced that it will be rolling out the
machines to 100 stores across the US. While the company has not named locations
yet, customer reactions have been positive, and demand for the towers has
increased.
The UK’s largest grocery chain, Tesco, is expanding its same-day
grocery delivery program. Currently, customers in London and the South East can
have online orders delivered the same day. Now, Tesco is preparing to roll the
program out to the rest of the UK by the end of August. Customers who order online
by 1pm will be able to receive their groceries some time after 7pm on the same
day. Shoppers in London and the South East will be able to access the same-day
service seven days a week. Elsewhere it will be available from Monday to
Saturday. This is a move that is directly related to Amazon’s expanding
presence in the UK, and its rollout of same day grocery delivery.
The push for speed limiters to be
installed on heavy duty trucks has stalled in Washington according to the
revised “unified agenda.” In the latest filing, the speed limiter mandate
has fallen off the near-term agendas for both the Federal Motor Carrier Safety
Administration (FMCSA) and the National Highway Traffic Safety Administration
(NHTSA). This comes after a decade long push by safety advocates to have speed
limiters on trucks. Had the rule passed, it would have required each vehicle,
as manufactured and sold, to have its device set to a speed not greater than a
specified speed and to be equipped with means of reading the vehicle’s current
speed setting and the two previous speed settings through its onboard
diagnostic connection. While this does not mean that a mandate will not go into
effect at some point, it certainly will not be any time in the near future.
Japanese imports of American rice are on the rise. The
US produces about 30 percent more rice than Japan. Combined with the fact that
the Japanese government is propping up domestic prices by reducing supplies,
and this is not overly surprising. While Japan caps the amount of rice imports,
the demand is surging for cheaper and easy-to-cook foreign products. Calrose,
grown in California, is the mainstay variety accounting for about 80% of the
Japanese market for foreign rice consumed. This specific variety of rice is
less sweet than Japanese rice which makes it perfect for bowl dishes which have
sauce poured on top as well as for fried rice. The U.S. produces around 10
million tons or so of rice per year, and exports 3 million tons.
Speaking of rice exports, for the
first time ever, the US can now export rice to China. Officials from the two
countries recently finalized a protocol that allows for the first ever shipment
of rice to China, the world’s largest rice consumer, importer, and producer.
This comes on the heels of another agreement that re-opened the Chinese market
to US beef exports. These are just the first steps in President’s Trump’s
efforts to reduce the trade deficit with China; but a lot more will need to be
done to reduce the $347 billion deficit.
Speaking of China, the country continues to be on the leading edge
when it comes to drone deliveries. Earlier this week, ZTO
Express, a leading express delivery company in China, announced
that it successfully completed its first trial delivery using a drone in an
industrial park in Zhejiang Province. The drone, which was developed by a local
drone developer and customized for ZTO, flew 8.7 miles from a sorting facility
in Le Qing county, Zhejiang Province to the office building of an enterprise
customer located in an economic development park in the same county. The drone
used in the trial has a maximum range of 18.6 miles, comes equipped with a 6.6
gallon container, can carry a maximum load of 22.0 pounds, and is preprogrammed
to fly to its destination and does not require a remote control.
That’s all for this week. Enjoy the weekend and the song of the
week, Queen’s Bicycle Race
https://logisticsviewpoints.com/2017/07/28/this-week-in-logistics-news-july-22-28/
Confusion
prevails over Kerala’s request for Jaya variety rice
VIJAYAWADA,JULY 28, 2017 00:41 IST
Andhra
Pradesh stopped growing the variety introduced in 1965
A
week after in-principle agreement between Andhra Pradesh and Kerala, confusion
prevails over the supply of Jaya variety of rice. It turns out that Andhra
Pradesh has stopped growing Jaya variety of rice. As Andhra Pradesh officials
asked their counterparts to send a few samples of rice, which Kerala presumed
as Jaya variety, it appears that Kerala knocked the doors of a wrong State
ahead of Onam festival in September.
Farmers
in East Godavari district cultivate MTU 3626 (Bondalu in local parlance) in
large area. Cultivation of Jaya, a variety from International Rice Research
Institute (IRRI), was introduced way back in 1965 and was discontinued long
back following introduction of many other high yield varieties. Farmers in East
Godavari district prefer cultivating MTU 3626, which is also known as Prabhat,
in view of high yield and returns.
Kerala
prefers boiled rice for variety of reasons, including long shelf life after
cooking. The prices of boiled rice have shot up significantly in view of fast
approaching festival. It necessitated a meeting between Kerala Civil Supplies
Minister P. Thilothaman and his team with their counterparts here a week ago.
The
Supplyco, a grocery arm of Kerala government, is procuring boiled rice through
e-tenders at ₹ 35 a kg, and
if Andhra Pradesh supplies the same at a lesser price, it is ready to sign an
agreement with AP Civil Supplies Corporation.
When
contacted, Special Chief Secretary (Agriculture, Civil Supplies) B. Rajasekhar
said, “Jaya is a very old variety. It is not being cultivated now. What they
(Kerala) refer to Jaya could be MTU 3626. We asked them to send a few samples
so that we can compare it with the rice grown here.”
Andhra
Pradesh was one of the States that used to grow Jaya variety and process and
despatch it as Jaya boiled rice to Kerala. Bondalu has taken over its place
many years ago and that is what is being sent to Kerala.
“The
farmers have switched over to the Prabhat or Bondalu variety, which is grown in
large area in East Godavari district. Lodging resistant varieties such as MTU
1061, MTU 1075 are gaining momentum in Godavari delta,” explained Agriculture
Deputy Director (Planning) Z. Venkateswara Rao.
However,
Andhra Pradesh Rice Millers Association (APRMA), Upland Area Rice Millers
Association (UARMA) disagree. APRMA president Gummadi Venkateswara Rao and
UARMA president Valluri Suribabu continue to contend that “Jaya variety of rice
is being sent to Kerala”. But, they insist that the farmers were cultivating
Bondalu.
http://www.thehindu.com/news/national/andhra-pradesh/confusion-prevails-over-keralas-request-for-jaya-variety-rice/article19373395.ece PREMIUM SUBSCRIPTION LOGIN / REGISTER
Government revokes rice ceiling price
regulation
News Desk
The Jakarta Post
Jakarta | Fri, July 28, 2017 | 07:31 pm
The government on Friday revoked a regulation
setting price ceilings for rice, following protest from traders and
wholesalers.Trade Minister Enggartiasto “Eanggar” Lukita said he would invite
all stakeholders to discuss a revision of Trade Ministry Regulation No 47/2017
on reference prices for rice bought from farmers and rice sold to consumers.
He claimed that the regulation had not been
approved by the Law and Human Rights Ministry. However, Agriculture Minister
Andi Amran Sulaiman had cited it as the legal basis for confiscating 1,160 tons
of rice from a warehouse owned by PT Indo Beras Unggul (IBU) in Bekasi, West
Java.
Under the regulation, the consumer price for
rice is capped at Rp 9,000 (66 US cents) per kilogram for medium-quality and
premium rice, while PT IBU sold its medium and premium rice at Rp 13,700 and Rp
20,400 per kilogram, respectively.
Enggar promised to include the concerns of all
stakeholders in the regulation on rice prices.
“The authority to issue the regulation lies
with the government, but before we issue a regulation, we will discuss the
issue,” said Enggar when visiting a rice wholesale market in East Jakarta on
Friday.
He said parties to be invited to a meeting
would include representatives of the Agriculture Ministry, the Trade Ministry,
the National Police, the Business Competition Supervisory Commission (KPPU),
distributors, traders and rice millers.
Enggar said the government would set rice
reference prices soon after an agreement was reached. (dis/bbn)
http://www.thejakartapost.com/news/2017/07/28/government-revokes-rice-ceiling-price-regulation.html
USA Rice Hosts
Third Annual Chef Competition in Colombia
By Sarah Moran
BOGOTA, COLOMBIA -- Earlier this
week, USA Rice, in conjunction with the USA Poultry and Egg Export Council
(USAPEEC) and Kansas Soybean Board, conducted the third annual Colombian chefs
cooking competitions here on July 24 and 25, and in Barranquilla on July
26. Thirty chefs from Colombia's top
restaurants and food service operations competed each day by preparing a main
course using American rice and experimenting with both traditional and modern
cooking techniques.
"Colombia produces nearly 1.5
million tons of rice (milled basis) each year yet still requires imports to
meet their high domestic consumption level of more than 1.6 million tons,"
said John Valpey, chairman of the USA Rice International Promotion
Committee. "Last year, the U.S.
comprised about half of Colombia's rice imports. Our promotional activities are aimed at
developing a preference for U.S. rice to capture a larger market share in this
important market."
Colombia has imported more than
50,000 MT of U.S. rice in the first five months of this year, valued at $17
million. U.S. rice benefits from duty
free access for 98,448 MT of rice this year, that will increase to 102,879 MT
next year. Rice imported over the duty
free amount is subject to an 80 percent tariff.
Upcoming Rice Field Days
Mark your calendar
August 2 - Mississippi Field Day/Farm Bureau Grower Meeting
Delta Branch Experiment Station, Capps Center, Stoneville, MS
Contact: Dr. Bobby Golden, (662-769-0274) or bgolden@drec.msstate.edu
August 2 - RiceTec Arkansas Field Day
4:00 p.m. - Field tours, new herbicide-tolerant technology, row
rice MPCI policy, and dinner.
15329 Hwy 1, Harrisburg, AR 72432
Contact: Mark Spilman, mspilman@ricetec.com
August 4 -- Arkansas AgExpo (Rice Field Day)
University of Arkansas Rice Research & Extension Center, 2900
Hwy 130 East, Stuttgart, AR
Contact: Dr. Nathan McKinney, (870) 673-2661 or nmkinney@uark.edu
August 30 -- California Rice Field Day
California Rice Experiment Station, 955 Butte City Hwy, Biggs, CA
Contact: Dr. Kent McKenzie, (530) 868-5481 or ksmckenzie@crrf.org
August 31 - University of Missouri Rice Field Day
Jake Fisher Delta Research Center, Portageville, MO
Contact: Tina Clark, (573) 379-5431or
clarktr@missouri.edu
Traders signal rice price hike on
high paddy prices, lack of oversight
Published: 2017-07-28 22:51:54.0 BdST Updated: 2017-07-28 22:57:44.0
BdST
File Photo
Soaring paddy prices, high import
cost and lack of market monitoring may drive the rice price in the local market
high, traders have hinted.
Rice prices dropped a little
following an import glut a month ago, but are yet to be within the reach of the
middle-income group.
However, the prices of
Bangladesh's staple rose slightly in the past one month.
According to the food ministry,
the government stock of rice was a little over 200,000 tonnes on July 2.
Private importers brought around
120,000 tonnes from July 1 to 25.
Some of the traders said the
prices are rising this time due to the increase in prices of paddy and lack of
government surveillance.
They think that the imported rice
failed to make expected impact on the market because of the 'high import cost'.
Abu Bakr Siddique, a manager of a
rice agency in Dhaka's North Badda, told bdnews24.com on Friday that the prices
of rice went up by around Tk 20 per 50-kilogram sack in past two weeks due to
hike in prices of paddy.
He ruled out recent rains as the
reason behind the rise. "Rain cannot cause any problem now because rice is
processed in auto mills," he said.
He is selling one sack of Miniket
rice at Tk 2,600 to Tk 2,650, Najirshile from Tk 2,500 to Tk 2,750 and BR-28
(local) from Tk 2,180 to Tk 2,200.
Coarse rice is being sold at Tk
1,950 to Tk 2,000 per sack while the price of BR-28 rice, processed in auto
mills, is Tk 2,300 to Tk 2,350.
Rice trader 'Rasel' of Karwan
Bazar said he was selling one sack of Miniket rice at Tk 2,500 to Tk 2,650,
Najirshile from Tk 2,600 to Tk 2,650 and BR-28, processed in auto mills at Tk
2,300 to Tk 2,450.
The minimum price of local coarse
rice in the market is Tk 1,900 per sack while the coarse rice imported from
India is being sold at Tk 2,125 to Tk 2,150.
Rasel said the prices rose by Tk
20 to Tk 25 in past 15-20 days due to 'slight' rise in paddy prices.
"Millers said rice prices
would go up slightly. They are raising the prices because of hike in paddy
prices," he said.
Alam Khan, another trader in the
market, said the prices of local rice were not dropping at normal rates as the
prices of imported rice were 'high'.
"The government is giving
permission to import rice, but there is no one to see what prices are being
charged. The government should also control the sale of imported rice," he
said.
Bangladesh Auto Major and Husking
Mill Owners Association General Secretary KM Layek Ali urged the government to
conduct 'operations' to bring down rice prices to tolerable rates.
"How will the prices of
local rice decrease when imported rice is selling at higher prices?" he
asked.
He claimed that India raised rice
prices when the Bangladesh government lowered the duty to import rice.
"And no other country than India sells parboiled rice."
Layek Ali said the prices were
also rising because it is the end of the season. "The prices will rise
more after one a half months. Rice prices will never drop without anti-hoarding
operations."
About rise in paddy prices, he
said, "Only those who stored paddy following government instruction can
now run the mills. It is not possible to buy fresh paddy to run the mills.
http://bdnews24.com/business/2017/07/28/traders-signal-rice-price-hike-on-high-paddy-prices-lack-of-oversight
Towards more food production
As Nigeria and
other developing countries are expected to witness rapid urbanisation by 2050,
experts say food security challenges will be immense. They advised the
government to target its strategies at ending hunger, achieving food security
and improving nutrition. But this can only be achieved when rural-urban
linkages are strengthened. It was the main point during the launch of the
International Food Policy Research Institute’s Global Food Policy Report
in Abuja. DANIEL ESSIET writes.
As Nigeria and other
developing countries are expected to
witness rapid urbanisation by 2050, one major task will be to produce
enough food for the teeming population, a report by the International
Food Policy Research Institute (IFPRI) has said.
The report noted that food
security challenges would increase.
IFPRI, Food and Agriculture
Organisation (FAO), Bioversity International, and other partners, released the
report. It examines the impact of rapid urban growth on food
security and nutrition, saying that food systems would be transformed to
improve the future.
The report was unveiled at the
International Conference in Abuja.
In his opening remarks, IFPRI
Director-General, Dr. Shenggen Fan, pointed out
that increasing urbanisation is making the goals of ending
hunger, achieving food security and improved nutrition, and promoting
sustainable agriculture difficult to achieve. For instance, he maintained that
rapid urbanisation in Nigeria affect food security challenges.
Fan added that Nigeria, China,
and India were expected to have 900 million urban residents by 2050.
He said: “Helping policy makers,
city residents, and rural smallholders in the developing world understand this
changing environment, and how to respond to it, is absolutely necessary to
achieve the sustainable development agenda.’’
He stressed that cities should
provide opportunities for rural smallholders to raise their incomes by
connecting to larger urban markets and more wealthy urban consumers.
“Urbanisation is driving huge
changes in how small farmers connect with markets to sell their goods, global
diets, and the way that food systems are governed,” Fan said.
He added: “For urban consumers
small farmers can provide an important source of diverse and nutritious foods.
But the links between these areas in the developing world are often weak or
broken, hindering growth and development.’’
Fan stressed that rural
infrastructure, including quality rural and feeder roads, electricity, and
storage facilities, were essential for pro-poor growth, agricultural
development, and improved livelihoods.
According to him, inadequate
rural infrastructure leads to isolation of communities and is associated with
poverty and poor nutrition.
On rice, Fan observed that 60 percent of rice purchased in urban
areas in Nigeria is imported, despite significant efforts to
boost domestic production, attributing this to a weak value chain for
postharvest processing of domestic rice. He said had created inconsistencies in
labelling, quality, and taste that turn off urban consumers.
He said: “The country imports
close to 60 percent of the crop, despite producing enough rice to feed its
population. Urban residents cite inconsistencies in quality, labeling, and
taste as their main concerns —problems that arise from poor vertical
integration in the domestic rice value chain.
“Lack of standard seeds and
milling facilities infrastructure along the value chain has led to consumers’ preference
to consume imported rice.”
In addition, he noted that the
rice sector is characterised by highly fragmented domestic value chain, and
that small and medium sized rice millers with varying skills and degrees of
access to information and services produce 80 percent of local rice.
Commenting on the report, Senior
Research Fellow and Programme Leader, IFPRI’s Nigeria Country Strategy
Programme, Dr George Mavrotas, added: “Africapolis: Measuring Urbanisation
Dynamics in West Africa (2016) recently identified 1,236 agglomerations in
Nigeria, of which more than 80 percent had more than 10,000 inhabitants in
2010.
“The report also re-assessed the
level of urbanisation in Nigeria at 46 percent, up from 31 percent since the
previous urbanisation report on Nigeria back in 2008. This presents an enormous
challenge and many opportunities for food policy in the country in the years to
come.”
He maintained that strong
rural-urban linkageswould help propel economic development and improvements in
food security and nutrition.
In his welcome remarks, Chairman,
Senate Committee on Media & Public Affairs, representing Niger North
Senatorial District at the National
Assembly, Senator Aliyu Sabi Abdullahi, congratulated IFPRI for putting together
the report which emphasised the important links between food security and
nutrition in an urbanising world.
Besides Fan and Mavrotas, other
panelists included Senior Advisor to the Minister of Agriculture and Rural
Development, Dr. Andrew Kwasari; Deputy Director, Food and Nutrition, National
Committee on Food and Nutrition, Ministry of Budget and National Planning, Mrs.
Roselyn Gabriel; Senior Program Officer for Nutrition, Bill and Melinda Gates
Foundation Office in Nigeria, Dr. Victor Ajieroh; and Nutrition Specialist,
United Nations Children’s Fund (UNICEF), Dr. Bamidele Davis Omotola.
IFPRI is a United States-based
international agricultural research established in 1975 to identify and analyse
alternative national and international strategies and policies for meeting the
food needs of the developing world, with particular emphasis on low-income
countries and on the poorer groups in
those countries.
Rice scheme was populist plunder, but was it
illegal?
your say July 28, 2017 01:00
Re: “Yingluck says her bank
accounts confiscated, money withdrawn”, The Nation, yesterday.
This man
doesn’t know when to leave well-enough alone. Yingluck is finished as a
political leader but the cretins advising Prayut seem to want to turn her into
a martyr and are doing a pretty good job of doing so. The ham-fisted buffoonery
gets worse by the day and it’s not lost on those who have supported (and will
continue to support) the various iterations of Thaksin-led parties.
Isn’t
confiscating her assets before the verdict a good barometer of the outcome?
So many
facts conveniently ignored by many, such as documented rice-scheme collusion,
connected cronies, fraud and the inter-connected massive damage of flooding
exacerbated by Yingluck’s government ordering dams kept shut to get rice crops
in (to kick their rice scheme off at any cost). But the saddest ignored fact in
all this is that the poorest farmers were not even part of the scheme. Instead
it mostly enriched connected cronies, middlemen, pu yai’s and already wealthy
rice millers, large farmers and landowners – basically the mob who controlled
influence and “got out the vote” for Thaksin and in return got a chanote or nor
sam gor upgrade authorisation, or new roads, water supplies, power, etc in
Northeast villages.
Not many
will go against the local headman, millers and other people of influence in
Isaan villages, all of whom work hand in hand with the Shinawatra political
machine. Meanwhile, many here shamelessly cry about the “poor persecuted
Shinawatra family”.
Are
policy decisions illegal now? Much of the benefit from the scheme did not reach
the poor farmers, but that was because the objective was to subsidise
production. Is that illegal? Yingluck (though I’m not sure the decision process
was that simple) chose one objective over another by keeping dams shut. Is that
illegal?
Traders signal rice price hike on
high paddy prices, lack of oversight
Published: 2017-07-28 22:51:54.0 BdST Updated: 2017-07-28 22:57:44.0
BdST
Soaring paddy prices, high import
cost and lack of market monitoring may drive the rice price in the local market
high, traders have hinted.
Rice prices dropped a little
following an import glut a month ago, but are yet to be within the reach of the
middle-income group.However, the prices of Bangladesh's staple rose slightly in
the past one month.
According to the food ministry,
the government stock of rice was a little over 200,000 tonnes on July 2.Private
importers brought around 120,000 tonnes from July 1 to 25.Some of the traders
said the prices are rising this time due to the increase in prices of paddy and
lack of government surveillance. They think that the imported rice failed
to make expected impact on the market because of the 'high import cost'.Abu
Bakr Siddique, a manager of a rice agency in Dhaka's North Badda, told
bdnews24.com on Friday that the prices of rice went up by around Tk 20 per
50-kilogram sack in past two weeks due to hike in prices of paddy.
He ruled out recent rains as the
reason behind the rise. "Rain cannot cause any problem now because rice is
processed in auto mills," he said.He is selling one sack of Miniket rice
at Tk 2,600 to Tk 2,650, Najirshile from Tk 2,500 to Tk 2,750 and BR-28 (local)
from Tk 2,180 to Tk 2,200.
Coarse rice is being sold at Tk
1,950 to Tk 2,000 per sack while the price of BR-28 rice, processed in auto
mills, is Tk 2,300 to Tk 2,350.Rice trader 'Rasel' of Karwan Bazar said he was
selling one sack of Miniket rice at Tk 2,500 to Tk 2,650, Najirshile from Tk
2,600 to Tk 2,650 and BR-28, processed in auto mills at Tk 2,300 to Tk 2,450.
The minimum price of local coarse rice in the market is Tk 1,900
per sack while the coarse rice imported from India is being sold at Tk 2,125 to
Tk 2,150.Rasel said the prices rose by Tk 20 to Tk 25 in past 15-20 days due to
'slight' rise in paddy prices."Millers said rice prices would go up
slightly. They are raising the prices because of hike in paddy prices," he
said.
Alam Khan, another trader in the market, said the prices of
local rice were not dropping at normal rates as the prices of imported rice
were 'high'."The government is giving permission to import rice, but there
is no one to see what prices are being charged. The government should also
control the sale of imported rice," he said.
Bangladesh Auto Major and Husking Mill Owners Association
General Secretary KM Layek Ali urged the government to conduct 'operations' to
bring down rice prices to tolerable rates."How will the prices of local
rice decrease when imported rice is selling at higher prices?" he asked.He
claimed that India raised rice prices when the Bangladesh government lowered
the duty to import rice. "And no other country than India sells parboiled
rice."
Layek Ali said the prices were also rising because it is the end
of the season. "The prices will rise more after one a half months. Rice
prices will never drop without anti-hoarding operations."About rise in
paddy prices, he said, "Only those who stored paddy following government
instruction can now run the mills. It is not possible to buy fresh paddy to run
the mills."
http://bdnews24.com/business/2017/07/28/traders-signal-rice-price-hike-on-high-paddy-prices-lack-of-oversight
Nigeria rice production looking
stronger in 2017, Ministry say
27/07 - 23:54
NIGERIA
Nigeria
is expecting to be self sufficient in rice production by November and prices
are also expected to fall, the Minister of Agriculture and Rural Development
said.The Industry Reports also shows the fluctuation of the local commodity production to be between 2,400 to 3,600 in the past five years. The import rates have also increased to 5,850 from 4,800 during the same period of time.
Meanwhile the country is also experiencing a rise in consumption rate of the same commodity. The consumption rate has risen to 7 million Metric Tons according to government statistics with only 2.7 million metric tons produced by Nigerian farmers.
In 2016, Nigeria projected to reach 2.7 million metric tons in 2017 if government policy of restricting importation was strictly adhered to.
According to the Nigeria rice production statistics, the imports have started to make up 50% of the local consumption rates.
http://www.africanews.com/2017/07/27/nigeria-rice-production-looking-stronger-in-2017-ministry-say/
Govt moves to buy rice from
Cambodia
Efforts to import from India, Thailand
apparently fail due to high prices
As two successive attempts to import rice from Thailand and India
have apparently fallen through for high prices, the government is now seeking
to buy the staple from Cambodia.
A five-member delegation, led by Food Minister Qamrul Islam, is
going to the country on Tuesday for striking a deal in this regard.
Recently, official teams from the two countries visited the
capital for negotiating the agreements. However, they asked for prices, which
could not be agreed by Dhaka.
Amidst a projected shortfall of 15 lakh tonnes of rice this year,
the food ministry desperately sought to buy rice from Thailand and India under
government-to-government arrangements, weeks after signing a G2G deal to import
the staple from Vietnam.
"The Thai delegation that visited Bangladesh from July 23 to
24 asked for a price that we couldn't agree. We asked them to lower the price,”
Badrul Hasan, director general of the food directorate, told The Daily Star
yesterday.
"We'll go for it if their new offer is competitive," he
said.
Meanwhile, Thai Rice Exporters Association's Honorary President
Chookiat Ophaswongse told news agency Reuters on Thursday that "Thailand
will submit a new offer. The deal is not totally off."
Earlier, an Indian delegation also demanded high prices that
Bangladesh did not agree, said Badrul.
He said, "These price offers are way higher than the prices
international rice suppliers are quoting against the import tenders we've floated."
Following this year's crop loss owing to Haor flashfloods and
fungal attacks (rice blast), the government approved a 2.5 lakh tonnes of rice
import from Vietnam in mid-June for replenishing stock in public granaries that
slipped to a six-year low.
Besides, the food directorate floated six international tenders in
the last two months to buy three lakh tonnes of rice.
These moves came at a time when domestic retail markets saw a 47
percent hike in prices of coarse rice in June this year comparing to that of
last year.
Bangladesh, the world's fourth largest rice producer, has emerged
as a major importer of the staple this year due to the depleted stocks and
record local prices following the flashfloods.
Official sources said prices of rice, now under the import
pipeline, ranged between $400 to $470 a tonne. But both India and Thailand are
asking Bangladesh to pay $500.
Badrul told The Daily Star, "We're going to Cambodia this
Tuesday and see if we get a competitive price offer there. There is no desperation
as our stock is now being gradually replenished with Vietnamese rice reaching
our ports."
Apart from this, private traders have imported 1.22 lakh tonnes of
rice, mostly from India, since July 1 after the import duty was lowered to 10
percent from 28 percent.
Yet, the rice market remains volatile with prices of largely
consumed coarse rice still hovering around Tk 43 to 45 a kilogram, down by just
Tk 2 to 3 from their peaks in June in Dhaka's retail markets.
In this backdrop, the government is now looking to import at
least two to three lakh tonnes of the staple from Cambodia, which produces more
than nine million tonnes of rice a year with a third to spare for export
http://www.thedailystar.net/frontpage/govt-moves-buy-rice-cambodia-1440484
China agrees to allow imports of U.S. rice for first time: USDA
China has agreed to allow imports
of rice from the U.S. for the first time, United States Secretary of
Agriculture Sonny Perdue announced on Thursday.
“The agreement with China has
been in the works for more than a decade and I’m pleased to see it finally come
to fruition, especially knowing how greatly it will benefit our growers and
industry,” Perdue said in a statement announcing that the long-delayed
phytosanitary protocol to permit the import of U.S.-milled rice into China had
been signed.The announcement could be a big deal for rice farmers in Colusa
County and the Sacramento Valley.
China is the world’s largest
producer of rice. Since 2013, it has also been the world’s largest importer. The
United States Department of Agriculture (USDA) expects China to import 4.8
million metric tons of milled rice in 2017/18, making it the world’s largest
import market, according to USA Rice.
California is the second largest
rice producing state, with more than 95 percent of the state’s approximately
550,000 acres of rice being grown in the Sacramento Valley. California ships
about two million tons overseas to customers on average each year.
“The potential is there for
market growth. It’s not a bad thing, for sure,” said Colusa County Agricultural
Commissioner Greg Hinton. The biggest boon to the area’s growers and millers
could be an increase in prices, which have been down in recent years.
“I know that it’s going to be
good for the market and for the industry. Prices have been really depressed
lately. They’ve come up a little bit recently, but it’s been a tough last
couple of years for the rice growers,” said Colusa County Supervisor Denise
Carter, who is also a rice grower. “China represents a huge market, and we
produce a quality product. I think that’s where, for California rice, in
particular, this is going to be a big deal.”
The target market for US rice,
and particularly California-grown rice, is China’s emerging middle class,
Hinton said.
“Everything I’ve heard about it
is what the U.S. is betting on is that the middle class in China will be
looking for a better quality product (than what is grown in China
domestically),” Hinton said. “We already have that. If they’re looking for
better quality rice, it could really be a boost to us. It’s a gamble, but it’s
a good one, and I’m glad that market opened up.”
While the potential is there for
rice prices to rebound against the backdrop of the newly-opened market in
China, it’s by no means a guarantee. It certainly won’t happen immediately.
Before any U.S. growers can
export any rice to China, the new rice protocol between the two countries will
need to be implemented. According to USA Rice, it is the most complex rice
phytosanitary agreement the U.S. has ever entered into. The USDA said that
exports to China can start after Chinese officials complete an audit of U.S.
rice facilities.
“I think there is excitement to
it, but rice farmers – until they can get that product over there – aren’t
going to get excited about anything. I think everyone is on the fence, just
waiting to see what this does to the market,” Hinton said.
https://williamspioneer.com/article/82622
Rajkot Foodgrain
Prices- July 28, 2017
Reuters | Jul 28, 2017, 02:15 PM IST
Rajkot Foodgrain Prices Open- July 28 Jul 28 (Reuters) - Market delivery
prices of food grains and pulses at Rajkot in India's western state of Gujarat opened on a steady
to weak trend, traders said Thursday. * * FOOD GRAINS & PULSES * Gram
prices eased due to low retail demand. * Udid prices moved down due to
sufficient supply. Prices of food grains and pulses in rupees per 20 kilograms,
and deliveries in 100-kilogram bags: Delivery Auction price Previous price FOOD
GRAIN Wheat Lokwan 00,270 320-370 318-368 Wheat Tukda 00,820 319-388 319-385
Jowar White 055 350-550 335-525 Bajra 0,020 210-251 185-265 PULSES Gram 00,200
0,800-0,980 0,812-0,980 Udid 0,300 0,650-0,930 0,650-1,000 Moong 0,300
0,617-0,880 0,800-0,900 Tuar 0,360 0,605-0,665 0,600-0,666 Maize 008 262-325
261-325 Vaal Deshi 050 0,450-0,650 0,500-0,625 Choli
0,030 0,810-1,400 0,875-1,475 Rajkot market delivery prices in rupees per 100
kilograms:. Today's Price Previous close FOOD GRAINS Wheat Mill quality
1,600-1,610 1,600-1,610 Wheat (medium) 1,775-1,800 1,775-1,800 Wheat (superior
best) 2,050-2,100 2,050-2,100 Bajra 1,360-1,370 1,360-1,370 Jowar 2,800-2,850
2,800-2,850 PULSES Gram 05,000-05,100 05,100-05,200 Gram dal 06,700-06,800
06,700-06,800 Besan (65-kg bag) 4,900-5,000 4,900-5,000 Tuar 03,700-03,800
03,700-03,800 Tuardal 06,000-06,100 06,000-06,100 Moong 4,400-4,500 4,400-4,500
Moongdal 5,500-5,550 5,500-5,550 Udid 05,200-05,300 05,400-05,500 RICE IR-8
2,350-2,400 2,350-2,400 Basmati Best 8,700-8,800 08,700-08,800 Parimal 2,400-2,450 2,400-2,450 Punjab Parimal
2,700-2,750 2,700-2,750 Basmati Medium 6,000-6,100 6,000-6,100
http://timesofindia.indiatimes.com/business/india-business/rajkot-foodgrain-prices-july-28-2017/articleshow/59806511.cms
Asia Rice-Bangladesh may call off
Thai import deal over high prices
Source : Last Updated: Thu, Jul 27, 2017 16:40 hrs By My Pham
and Ruma Paul HANOI/DHAKA, July 27 (Reuters) - Bangladesh's plan to import rice
from Thailand could be suspended due to high prices, the country's food
ministry said on Thursday, after the government's deal with India fell through
for the same reason. Bangladesh, the world's fourth-biggest rice producer, has
emerged as a major importer of rice this year due to depleted stocks and record
local prices following flash floods.
"We could not
finalise the deal with Thailand as their offer was too high," said a
senior food ministry official, who asked not to be quoted as he is not
authorised to talk to the media. This would not hamper import plans, he said,
adding, "we are going to Cambodia next week." However, Badrul Hasan,
the head of the state grains buyer, told Reuters that the deal was still open.
"We'll go for it if their new offer is competitive," he said. The
fifth tender by Bangladesh's state grains buyer to import 50,000 tonnes of
parboiled rice, which opened on Thursday, drew the lowest offer from Olam at
$419.51 a tonne, CIF liner out.
Its sixth tender since
May for a similar quantity of rice will close on Aug. 8. The possible
suspension of the deal with Thailand came after the government deal with India
failed to materialise due to high rates, though private traders have been
importing the grain from its neighbour since last month after the government
cut import tariffs. A Thai delegation was in Dhaka early this week to finalise
the deal to export up to 200,000 tonnes of rice. "Thailand will submit a
new offer. The deal is not totally off," Chookiat Ophaswongse, honorary
president of the Thai Rice Exporters Association told Reuters.
The price band on country's benchmark 5-percent broken rice
widened slightly at $395-$408, free-on-board (FOB) Bangkok. Traders in Bangkok
cited weak demand and slow trade, but the small rise in quotes was due to the
appreciation of the Thai baht against the dollar. The baht was trading at 33.32
against the dollar, the strongest in more than two years. In Vietnam, the
world's third biggest rice exporter, domestic prices edged up after Vietnamese
rice suppliers won deals for selling a total volume of 175,000 tonnes.
"Local prices rose slightly but FOB prices couldn't as they are high
already," said a trader in Ho Chi Minh City.
The country's benchmark 5-percent broken rice stayed flat at
$400-$405 a tonne, FOB Saigon. Trade was thin as export prices were too high,
with the market now mostly focusing on government-to-government deals.
"Commercial trade can only be more vibrant once the prices drop further,
which is not likely to happen soon," the trader added. India also saw
sluggish export demand which caused its 5 percent broken parboiled rice prices
to ease by $5 per tonne to $400 to $403. "Still, demand is weak.
There is no improvement in demand from African buyers,"
said an exporter based in Kakinada in the southern state of Andhra Pradesh.
India, the world's biggest rice exporter, mainly exports non-basmati rice to
African countries and premier basmati rice to Middle East. "The
appreciating rupee has been making it difficult for us to lower prices,"
said another exporter based in Kakinada. (Reporting by My Pham in HANOI, Ruma
Paul in DHAKA, Patpicha Tanakasempipat in BANGKOK and Rajendra Jadhav in
MUMBAI; Editing by Vyas Mohan)
http://www.sify.com/news/asia-rice-bangladesh-may-call-off-thai-import-deal-over-high-prices-news-environment-and-nature-rh1qEichbgdhi.html
Govt moves to
buy rice from Cambodia
As
two successive attempts to import rice from Thailand and India have apparently
fallen through for high prices, the government is now seeking to buy the staple
from Cambodia. A five-member delegation, led by Food Minister Qamrul Islam, is
going to the country on Tuesday for striking a deal in this regard. Recently,
official teams from the two countries visited the capital for negotiating the
agreements. However, they asked for prices, which could not be agreed by Dhaka.
Amidst
a projected shortfall of 15 lakh tonnes of rice this year, the food ministry
desperately sought to buy rice from Thailand and India under
government-to-government arrangements, weeks after signing a G2G deal to import
the staple from Vietnam. "The Thai delegation that visited Bangladesh from
July 23 to 24 asked for a price that we couldn't agree. We asked them to lower
the price,” Badrul Hasan, director general of the food directorate, told The
Daily Star yesterday.
"We'll
go for it if their new offer is competitive," he said. Meanwhile, Thai Rice Exporters Association's
Honorary President Chookiat Ophaswongse told news agency Reuters on Thursday
that "Thailand will submit a new offer. The deal is not totally off."
Earlier, an Indian delegation also demanded high prices that Bangladesh did not
agree, said Badrul.
He
said, "These price offers are way higher than the prices international
rice suppliers are quoting against the import tenders we've floated."
Following this year's crop loss owing to Haor flashfloods and fungal attacks
(rice blast), the government approved a 2.5 lakh tonnes of rice import from
Vietnam in mid-June for replenishing stock in public granaries that slipped to
a six-year low. Besides, the food directorate floated six international tenders
in the last two months to buy three lakh tonnes of rice.
These moves came at a time when domestic
retail markets saw a 47 percent hike in prices of coarse rice in June this year
comparing to that of last year. Bangladesh, the world's fourth largest rice
producer, has emerged as a major importer of the staple this year due to the
depleted stocks and record local prices following the flashfloods. Official
sources said prices of rice, now under the import pipeline, ranged between $400
to $470 a tonne. But both India and Thailand are asking Bangladesh to pay $500.
Badrul told The Daily Star, "We're going to Cambodia this Tuesday and see
if we get a competitive price offer there. There is no desperation as our stock
is now being gradually replenished with Vietnamese rice reaching our ports.
" Apart from this, private traders have
imported 1.22 lakh tonnes of rice, mostly from India, since July 1 after the
import duty was lowered to 10 percent from 28 percent. Yet, the rice market
remains volatile with prices of largely consumed coarse rice still hovering
around Tk 43 to 45 a kilogram, down by just Tk 2 to 3 from their peaks in June
in Dhaka's retail markets. In this
backdrop, the government is now looking to import at least two to three lakh
tonnes of the staple from Cambodia, which produces more than nine million
tonnes of rice a year with a third to spare for export.
Kharif sowing
completed in 75% of crop area
While overall planting area so far is 3.3% higher than last year,
farmers have planted more area under cotton and sugarcane, but reduced sowing
of crops like arhar
While rice, the main kharif crop, has been sown in 21.6
million hectares, 2.4% higher than the planting by this time last year, overall
sowing of pulses is higher by 7%. Photo: Pradeep Gaur/Mint
Sowing of rain-fed kharif crops has been completed in
75% of the crop area, shows data released by the agriculture ministry on
Friday.
While overall planting area so far is 3.3% higher than
last year, farmers have planted more area under cotton and sugarcane, but
reduced sowing of crops like arhar (pigeon pea) and oilseeds, the data shows.
According to the agriculture ministry, farmers have so far completed sowing in
79 million hectares, 3.3% higher than the 76.6 million hectares planted by this
time last year. While rice, the main kharif crop, has been sown in 21.6 million
hectares, 2.4% higher than the planting by this time last year, overall sowing
of pulses is higher by 7%. Sowing of kharif crops begins in June and continues
through July as the monsoon progresses across the country. During the kharif
season, farmers typically plant around 106 million hectares. The data shows
farmers have cut down area under pulse varieties like arhar, likely taking a
cue from lower wholesale prices which dipped below government-announced support
prices earlier this year. Area under arhar so far is 3.48 million hectares,
15.5% lower than the 4.13 million hectares planted by this time last year.
Similarly, lower oilseed prices last year have prompted farmers to sow less,
the data shows. Farmers have planted various oilseeds in 14.2 million hectares
so far, 9.2% lower than last year’s area. While sowing of groundnut is lower by
11.5%, that of soybean is lower by 10.3% compared to the year before, the data
shows. In comparison, better cotton prices have prompted farmers to bring in
more area under the fibre crop. So far, farmers have planted over 11 million
hectares under cotton, 21% higher than last year. Planting of sugarcane too is
higher by 8.7%. The June-September south-west monsoon, which waters over half
of India’s farms lacking assured irrigation, has so far seen 4% surplus rains
compared to the normal 50-year or long-period average, the India Meteorological
Department said on Friday. However, rainfall is 15% deficient compared to
normal in southern states, the forecaster said.
Muted demand drags down rice basmati prices
28 JULY 2017 Last Updated at 2:27
PM
Basmati rice
(Lal Quila) Rs 10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,800,
Basmati common new Rs 6,300-6,500, Rice Pusa (1121) Rs 5,000-5,050, Permal raw
Rs 2,150-2,175, Permal wand Rs 2,200-2,225, Sela Rs 2,300-2,400 and Rice IR-8
Rs 1,825-1,850, Bajra Rs 1,180-1,190, Jowar yellow Rs 1,450-1,500, white Rs
2,900-3,100, Maize Rs 1,300-1,305, Barley Rs 1,465-1,475
New Delhi,
Jul 28 Rice basmati prices fell by up to Rs 250 per quintal at the wholesale
grains market today owing to slackened demand.
Barley also eased on reduced
offtake by consuming industries.
Traders said easing demand
against adequate stocks position, mainly pulled down rice basmati prices.
Meanwhile, the Centre yesterday
fixed higher rice procurement target at 37.5 million tonnes for the 2017-18
marketing season beginning October on hopes of good production.
The government's rice procurement
has touched 34.35 million tonnes (MT) in the ongoing 2016-17 marketing season
(October-September). The procurement has already crossed the target of 33
million tonnes set for this year.
In the national capital, rice basmati
Pusa-1121 and common slipped to Rs 5,000-5,050 and Rs 6,300-6,500 from previous
levels of Rs 5,250-5,300 and Rs 6,500-6,700 per quintal, respectively.
Non-basmati rice permal raw,
wand,sela and IR-8 also settled lower at Rs 2150-2175, Rs 2,200-2,225,
2,300-2,400 and Rs 1,825-1,850 from previous levels of Rs 2,200-2,225, Rs
2,250-2275,Rs 2,400-2,500 and Rs 1,850-1,900 per quintal respectively in line
with basmati trend.
Barley too shed Rs 10 to Rs
1,465-1,475 per quintal.
Following are today's quotations
(in Rs per quintal):
Wheat MP (desi) Rs 2,100-2,350,
Wheat dara (for mills) Rs 1,765-1,770, Chakki atta (delivery) Rs 1,770-1,775,
Atta Rajdhani (10 kg) Rs 260-300, Shakti Bhog (10 kg) Rs 255-290, Roller flour
mill Rs 970-980 (50 kg), Maida Rs 1,010-1,020
(50 kg)and Sooji Rs 1,035-1,040 (50 kg).
Basmati rice (Lal Quila) Rs
10,700, Shri Lal Mahal Rs 11,300, Super Basmati Rice Rs 9,800, Basmati common
new Rs 6,300-6,500, Rice Pusa (1121) Rs 5,000-5,050, Permal raw Rs 2,150-2,175,
Permal wand Rs 2,200-2,225, Sela Rs 2,300-2,400 and Rice IR-8 Rs 1,825-1,850,
Bajra Rs 1,180-1,190, Jowar yellow Rs 1,450-1,500, white Rs 2,900-3,100, Maize
Rs 1,300-1,305, Barley Rs 1,465-1,475.
https://www.outlookindia.com/newsscroll/muted-demand-drags-down-rice-basmati-prices/1110360 Govt remains reluctant to buy Thai rice over high prices
Bangladesh government's plan to import rice from Thailand could be
suspended due to high prices, the country's food ministry said on Thursday,
reports Reuters.The government's deal with India fell through for the same
reason. Bangladesh, the world's fourth-biggest rice producer, has emerged as a
major importer of rice this year due to depleted stocks and record local prices
following flash floods. "We could not finalise the deal with Thailand as
their offer was too high," said a senior food ministry official, who asked
not to be quoted as he is not authorised to talk to the media.
This would not hamper import plans, he said, adding, "we are
going to Cambodia next week."owever, Badrul Hasan, the head of the state
grains buyer, told Reuters that the deal was still open."We'll go for it
if their new offer is competitive," he said.The fifth tender by
Bangladesh's state grains buyer to import 50,000 tonnes of parboiled rice,
which opened Thursday, drew the lowest offer from Olam at $419.51 a tonne, CIF
liner out.
Its sixth tender since May for a similar quantity of rice will
close on Aug. 8.The possible suspension of the deal with Thailand came after
the government deal with India failed to materialise due to high rates, though
private traders have been importing the grain from its neighbour since last
month after the government cut import tariffs.A Thai delegation was in Dhaka
early this week to finalise the deal to export up to 200,000 tonnes of rice.
"Thailand will submit a new offer. The deal is not totally
off," Chookiat Ophaswongse, honorary president of the Thai rice exporters’
body told Reuters.The price band on country's benchmark 5-percent broken rice
RI-THBKN5-P1 widened slightly at $395-$408, free-on-board (FOB) Bangkok.
Traders in Bangkok cited weak demand and slow trade, but the small
rise in quotes was due to the appreciation of the Thai baht against the dollar.The
baht was trading at 33.32 against the dollar, the strongest in more than two
years.
In Vietnam, the world's third biggest rice exporter, domestic
prices edged up after Vietnamese rice suppliers won deals for selling a total
volume of 175,000 tonnes."Local prices rose slightly but FOB prices
couldn't as they are high already," said a trader in Ho Chi Minh City.The
country's benchmark 5-percent broken rice RI-VNBKN5-P1 stayed flat at $400-$405
a tonne, FOB Saigon.
Trade was thin as export prices were too high, with the market now
mostly focusing on government-to-government deals.
"Commercial trade can only be more vibrant once the prices
drop further, which is not likely to happen soon," the trader added.
India also saw sluggish export demand which caused its 5.0 per cent
broken parboiled rice prices RI-INBKN5-P1 to ease by $5.0 per tonne to $400 to
$403.
"Still, demand is weak. There is no improvement in demand from
African buyers," said an exporter based in Kakinada in the southern state
of Andhra Pradesh.
India, the world's biggest rice exporter, mainly exports
non-basmati rice to African countries and premier basmati rice to Middle East.
"The appreciating rupee has been making it difficult for us to
lower prices," said another exporter based in Kakinada
http://www.thefinancialexpress-bd.com/2017/07/27/78239/Govt-remains-reluctant-to-buy-Thai-rice-over-high-prices
Government revokes rice ceiling price
regulation
News Desk
The Jakarta Post
Jakarta | Fri, July 28, 2017 | 07:31 pm
The government on Friday revoked a regulation
setting price ceilings for rice, following protest from traders and
wholesalers.
Trade Minister Enggartiasto “Eanggar” Lukita
said he would invite all stakeholders to discuss a revision of Trade Ministry
Regulation No 47/2017 on reference prices for rice bought from farmers and rice
sold to consumers.
He claimed that the regulation had not been
approved by the Law and Human Rights Ministry. However, Agriculture Minister
Andi Amran Sulaiman had cited it as the legal basis for confiscating 1,160 tons
of rice from a warehouse owned by PT Indo Beras Unggul (IBU) in Bekasi, West
Java.
Under the regulation, the consumer price for
rice is capped at Rp 9,000 (66 US cents) per kilogram for medium-quality and
premium rice, while PT IBU sold its medium and premium rice at Rp 13,700 and Rp
20,400 per kilogram, respectively.
Enggar promised to include the concerns of all
stakeholders in the regulation on rice prices.
“The authority to issue the regulation lies
with the government, but before we issue a regulation, we will discuss the
issue,” said Enggar when visiting a rice wholesale market in East Jakarta on
Friday.
He said parties to be invited to a meeting
would include representatives of the Agriculture Ministry, the Trade Ministry,
the National Police, the Business Competition Supervisory Commission (KPPU),
distributors, traders and rice millers.
Enggar said the government would set rice
reference prices soon after an agreement was reached. (dis/bbn)
http://www.thejakartapost.com/news/2017/07/28/government-revokes-rice-ceiling-price-regulation.html
Govt rice tender draws lowest offer
| Update: 08:21,
Jul 28, 2017
The
lowest offer in the tender from Bangladesh to import 50,000 tonnes of rice on
Thursday was from trading house Olam at $419.51 a tonne, on a cost, insurance
and freight (CIF) liner out basis, officials at Bangladesh’s state grains buyer
said.Three other trading houses competed for the tender issued by state grains
buyer, the Directorate General of Food.
No
purchase has yet been made and offers were still being considered, European
traders said.Other offers in the tender in dollars a tonne CIF liner out were:
Phoenix at $420, Amir Chand at $444.11 and Agro Corp at $432.65.The parboiled
rice is to be shipped within 40 days of contract signing.Bangladesh is
undertaking a major programme to import rice to build reserves and cool local
prices after sudden floods damaged the country’s crops.
Local
rice prices reached record highs in May following flooding in April which wiped
out around 700,000 tonnes of Bangladesh’s rice crops.Bangladesh’s plan to
import rice from Thailand under a government-to-government deal could be
suspended due to high prices, after the government’s planned deal with India
fell through for the same reason, Reuters reported on Thursday.Bangladesh’s
next international rice tender for trading houses also seeking 50,000 tonnes
will close on Aug. 8
http://en.prothom-alo.com/economy/news/154781/Govt-rice-tender-draws-lowest-offer
Nagpur Foodgrain Prices Open- July 28, 2017
Reuters | Jul 28, 2017, 02:10 PM IST
Nagpur Foodgrain Prices - APMC/Open Market-July 28 Nagpur, July
28 (Reuters) - Gram and tuar prices reported
higher in Nagpur Agriculture Produce and Marketing Committee (APMC)
here on good buying support from local millers amid weak supply from producing
region. Fresh hike in Madhya Pradesh gram prices and reported
demand from South-based millers also helped to push up prices. About 200 of
gram and 200 bags of tuar were available for auctions, according to sources.
FOODGRAINS & PULSES GRAM * Gram varieties ruled steady in open market here
on subdued demand from local traders amid ample stock in ready position. TUAR
* Tuar Karnataka recovered further in open
market on increased buying support from local traders. * Batri dal reported
higher in open market here on good demand from local traders amid thin supply
from producing regions. * In Akola,
Tuar New - 3,500-3,600, Tuar dal (clean) - 5,500-5,700, Udid Mogar (clean)
- 7,200-8,200, Moong Mogar (clean) 6,500-7,200, Gram - 5,000-5,100, Gram Super
best - 7,200-8,000 * 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 4,400-4,940 4,400-4,900 Gram Pink Auction n.a.
2,100-2,600 Tuar Auction 3,200-3,450 3,170-3,400 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 1,580-1,690 1,550-1,690 Gram Super Best Bold 7,500-8,000
7,500-8,000 Gram Super Best n.a. n.a. Gram Medium Best 6,700-7,000 6,700-7,000
Gram Dal Medium n.a. n.a Gram Mill Quality 5,300-5,400 5,300-5,400 Desi gram
Raw 5,300-5,400 5,300-5,400 Gram Yellow 7,100-8,100 7,100-8,100 Gram Kabuli 12,300-13,400
12,300-13,400 Tuar Fataka Best-New 5,800-6,000 5,800-6,000
Tuar Fataka Medium-New 5,400-5,600 5,400-5,600
Tuar Dal Best Phod-New 5,200-5,500 5,200-5,500 Tuar Dal Medium phod-New
4,800-5,100 4,800-5,100 Tuar Gavarani New 3,950-4,050 3,950-4,050 Tuar Karnataka 4,050-4,200 4,000-4,150 Masoor
dal best 4,800-5,000 4,800-5,000 Masoor dal medium 4,400-4,600 4,400-4,600
Masoor n.a. n.a. Moong Mogar bold (New) 6,700-7,000 6,700-7,000 Moong Mogar
Medium 6,000-6,500 6,000-6,500 Moong dal Chilka5,200-6,000 5,200-6,000 Moong Mill
quality n.a. n.a. Moong Chamki best 6,900-7,400 6,900-7,400 Udid Mogar best
(100 INR/KG) (New) 7,500-8,500 7,500-8,500 Udid Mogar Medium (100 INR/KG)
6,800-7,200 6,800-7,200 Udid Dal Black (100 INR/KG) 4,400-4,900 4,400-4,900
Batri dal (100 INR/KG) 4,550-4,850 4,500-4,800 Lakhodi dal (100 INR/kg)
2,850-3,050 2,850-3,050 Watana Dal (100 INR/KG) 2,850-3,000 2,850-2,950
Watana White (100 INR/KG) 3,500-3,700
3,500-3,700 Watana Green Best (100 INR/KG) 4,100-4,600
4,100-4,600 Wheat 308 (100 INR/KG) 1,900-2,000 1,900-2,000 Wheat Mill quality
(100 INR/KG) 1,750-1,850 1,750-1,850 Wheat Filter (100 INR/KG) 2,100-2,300
2,100-2,300 Wheat Lokwan best (100 INR/KG) 2,200-2,400 2,200-2,400 Wheat Lokwan
medium (100 INR/KG) 1,900-2,100 1,900-2,100 Lokwan Hath Binar (100 INR/KG) n.a.
n.a. MP Sharbati Best (100 INR/KG) 3,000-3,600
3,000-3,600 MP Sharbati Medium (100 INR/KG) 2,200-2,700 2,200-2,700 Rice BPT
new (100 INR/KG) 2,700-3,300 2,800-3,400 Rice BPT best (100 INR/KG) 3,300-3,500
3,300-3,500 Rice BPT medium (100 INR/KG) 3,000-3,100 3,000-3,100 Rice Luchai
(100 INR/KG) 2,500-2,800 2,500-2,800 Rice Swarna new (100 INR/KG) 2,300-2,400
2,300-2,400 Rice Swarna best (100 INR/KG) 2,500-2,600 2,500-2,650 Rice Swarna
medium (100 INR/KG) 2,300-2,400 2,300-2,400 Rice HMT New
(100 INR/KG) 3,700-4,000 3,700-4,000 Rice HMT best (100 INR/KG) 4,500-5,000
4,500-5,000 Rice HMT medium (100 INR/KG) 4,100-4,300 4,100-4,300 Rice Shriram New(100 INR/KG) 4,400-4,800 4,400-4,800 Rice
Shriram best 100 INR/KG) 6,500-6,800 6,500-6,800 Rice Shriram med (100 INR/KG)
5,800-6,200 5,800-6,200 Rice Basmati best (100 INR/KG) 10,000-13,500
10,000-13,500 Rice Basmati Medium (100 INR/KG) 5,000-7,500 5,000-7,500 Rice
Chinnor New(100 INR/KG) 4,500-4,700 4,500-4,700 Rice Chinnor best 100 INR/KG)
5,800-6,000 5,800-6,000 Rice Chinnor medium (100 INR/KG) 5,400-5,600
5,400-5,600 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. 29.0 degree
Celsius, minimum temp. 23.0 degree Celsius Rainfall : 6.0 mm FORECAST:
Generally cloudy sky with few spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 29 and 23 degree Celsius respectively.
Note: n.a.--not available (For oils, transport costs are excluded from plant
delivery prices, but included in market prices)
http://timesofindia.indiatimes.com/business/india-business/nagpur-foodgrain-prices-open-july-28-2017/articleshow/59806420.cms
Global
rice milling machinery market outlook 2012-2022 available in new report
WhaTech Channel: Industrial Market Research
27 July 2017
Key companies profiled in this
report are Satake Manufacturing, Buhler, Hunan Chenzhou, Hubei Yongxiang,
Zhejiang Qili Machinery, Hunan Xiangliang, Wufeng, Jiangsu Hexi Machinery,
Yamamoto and others.
Global Rice Milling Machinery Market report is replete with
detailed analysis from a thorough research, especially on questions that border
on market size, development environment, futuristic developments, operation
situation, pathways and trend of Rice Milling Machinery. All these are
offshoots of understanding the current situation that the industry is in,
especially in 2017.
The will chart the course for a more comprehensive organization
and discernment of the competition situation in the Rice Milling Machinery
market. As this will help manufacturers and investors alike, to have a better
understanding of the direction in which the Rice Milling Machinery Market is
headed.
Access complete report at: www.themarketreports.com/report/global-rice-milling-machinery-market-research-report-2017
With this Rice Milling Machinery Market report, one is sure to
keep up with information on the dogged competition for market share and
control, between elite manufacturers. It also features, price, production, and
revenue.
It is where you will understand the politics and tussle of
gaining control of a huge chunk of the market share. As long as you are in
search of key Industry data and information that can readily be accessed, you
can rest assured that this report got them covered.
Report available at: https://www.themarketreports.com/report/buy-now/307380
When taking a good look at this report, based on the product, it
is evident that the report shows the rate of production, price, revenue, and
market share as well as of the growth of each product type. And emphasis is
laid on the end users, as well as on the applications of the product.
It is one report that hasn't shied away from taking a critical
look at the current status and future outlook for the consumption/sales of
these products, by the end users and applications. Not forgetting the market
share control and growth rate of Rice Milling Machinery Industry, per
application.
All the queries about this report can be asked at: www.themarketreports.com/report/ask-your-query/307380
List of Chapters:
1 Rice Milling Machinery Market Overview
2 Global Rice Milling Machinery Market Competitions by
Manufacturers
3 Global Rice Milling Machinery Capacity, Production, Revenue
(Value) by Region (2012-2017)
4 Global Rice Milling Machinery Supply (Production),
Consumption, Export, Import by Region (2012-2017)
5 Global Rice Milling Machinery Production, Revenue (Value),
Price Trend by Type
6 Global Rice Milling Machinery Market Analysis by Application
7 Global Rice Milling Machinery Manufacturers Profiles/Analysis
8 Rice Milling Machinery Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Rice Milling Machinery Market Forecast (2017-2022)
13 Research Findings and Conclusion
14 Appendix
News From
The Market Reports
Category: Market Research Publishers and RetailersCompany profile: The Market Reports aims to provide the best industry and market reports to a seeker. We are looking forward to a place where we are the one stop destination for all the report seekers irrespective of any country, category, domain, etc. We are always open on call and email (24*7) to your queries and very clean with the business methodology. Since we are dealing with so many Publishers, we can actually give you what suits best in accordance to your requirements
Category: Market Research Publishers and RetailersCompany profile: The Market Reports aims to provide the best industry and market reports to a seeker. We are looking forward to a place where we are the one stop destination for all the report seekers irrespective of any country, category, domain, etc. We are always open on call and email (24*7) to your queries and very clean with the business methodology. Since we are dealing with so many Publishers, we can actually give you what suits best in accordance to your requirements
https://www.whatech.com/market-research/industrial/346721-global-rice-milling-machinery-market-outlook-2012-2022-available-in-new-report
Cut GST on rice mill machinery, demand makers
Vijay
C Roy
Tribune
News Service
Chandigarh,
July 26
Perturbed over high GST rate on paddy processing machinery,
the paddy equipment manufacturers of Punjab will meet on Saturday to discuss
future course of action. The manufacturers would request Punjab Finance
Minister Manpreet Singh Badal to take the issue to the GST Council meeting
which is scheduled on August 5.
The manufacturers are seeking lower taxes under the GST
regime. Under the GST, some raw material used in the manufacturing of
rice-processing plants is placed under the 18-28 per cent bracket. Prior to the
GST regime, it was 6-18 per cent. They also want that input tax credit should
also be extended to them like other manufacturers.
There are over 200 rice mill machinery manufacturers in
Punjab spread over Rajpura, Moga, Ludhiana, Tarn Taran, Amritsar, etc, and
supply units across the country.
“There are certain raw materials purchased by us for making
rice milling machines being taxed at 18-28 per cent under the GST which were
earlier taxed at 6-18 per cent. Moreover, the GST on the sale of processing
unit is 5 per cent. This will result in escalation of input cost by 9-10 per
cent, thus making the business unviable. Further, under the GST Act, we are not
subjected to claim input tax credit as we are classified under end users. We
are suppliers to the millers who set up units and not end users. “said Balbir
Singh, general secretary, Rice Mill Machinery Manufacturer Association, Punjab.
According to Balabir Singh, pulley used in a rice processing
unit is now being taxed at 28 per cent, which was earlier 6.05 per cent.
Similarly, bearing is taxed at 18 per cent (earlier 6.05 per cent) and brackets
at 28 per cent(6.05 per cent earlier).
“We are going to meet on Saturday to decide future course of
action,” he added.
Echoing similar sentiments, Balraj Singh,
spokesperson for Rajpura-based Vishwakarma Machine Tools ( P) Ltd, said, “At
this juncture, we can’t pass on the increase in the GST rates to the buyers.
This will hit our bottom line. Also, small and medium entrepreneurs will find
it difficult to sustain.
http://www.tribuneindia.com/news/punjab/cut-gst-on-rice-mill-machinery-demand-makers/442742.html
Global Rice
Milling Machinery Market 2017- Satake Manufacturing, Buhler, Hunan Chenzhou
By Ajinkya Ghule - July 27, 201703
The Rice Milling Machinery Market 2017 Research Report investigates
a thorough and complete study on Rice Milling Machinery industry volume, market
Share, market Trends, Rice Milling Machinery Growth aspects, wide range of
applications, Utilization ratio, Supply and demand analysis, manufacturing
capacity and Rice Milling Machinery industry Price during Forecast period from
2017 to 2022
The research report labeled Global Rice Milling Machinery Market
2017 presents the penetrating study of Rice Milling Machinery market globally,
concentrating on complete analysis of the present and past historical details
of Rice Milling Machinery market. The competitive landscape view of the Rice
Milling Machinery industry is also covered in this research document.
Request Report Sample Here:
http://qyresearch.us/report/global-rice-milling-machinery-market-2017/46483/#inquiry
Competitive Study of Global Rice Milling Machinery Market 2017
Based on Key Vendors:
Satake Manufacturing
Buhler
Hunan Chenzhou
Hubei Yongxiang
Zhejiang Qili Machinery
Hunan Xiangliang
Wufeng
Jiangsu Hexi Machinery
Yamamoto
The report organizes the Rice Milling Machinery market across the
globe into distinct portion based on industry standards. It also distinguishes
the market based on geographical regions. The Rice Milling Machinery report
mainly throws light on dominant players in the regions of (United States, EU,
China, and Japan). Other regions can be added accordingly.
Discrete aspects of the Rice
Milling Machinery industry like value chain analysis, Rice Milling Machinery
industry rules and policies, the factors driving the growth of the market and
the constraints hampering the growth are explained.
In next section, the Rice Milling Machinery report mentions the
products that are currently available in the market along with their cost
structures, manufacturing volume, requirement and supply analysis,
import/export scenario and their overall contribution to the Rice Milling
Machinery market revenue globally.
Buy Complete Report Here (To Get Instant access):
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Further, the report global Rice Milling Machinery market 2017
analyzes the feasibility of investment, investment return analysis and shows a
complete picture of market development scope and business strategies followed
by leading Rice Milling Machinery industry players along with their company
profile, market share and contact information.
Lastly, the Rice Milling Machinery report enlists the vital
conclusions that will assist all individuals who have a keen interest in Rice
Milling Machinery Market
http://heraldanalyst.com/global-rice-milling-machinery-market-2017-satake-manufacturing-buhler-hunan-chenzhou/
China agrees to allow imports of U.S. rice for first time: USDA
3 MIN READ
A
chef poses with a handful of rice inside a restaurant in Taipei January 11,
2011.Nicky Loh
CHICAGO (Reuters) - China
officials have agreed to allow imports of U.S. rice for the first time ever,
U.S. Department of Agriculture Secretary Sonny Perdue said on Thursday.The move
would give U.S. farmers access to the world's biggest rice consumer, with China
importing about 5 million tonnes last year, Perdue said in a statement.China
opened its rice market when it joined the World Trade Organization in 2001 but
a lack of phytosanitary protocol between China and the United States
effectively banned imports, according to trade group USA Rice.
"We waited a decade for the
protocol to be signed and our members are anxious to meet the demand of China's
consumers for safe, high-quality U.S. rice," USA Rice President Betsy Ward
said in a statement, adding that China consumes the equivalent of the entire
U.S. rice crop every 13 days.The USDA last month estimated U.S. milled rice
production this year at 6.07 million tonnes, down from 7.12 million tonnes last
year.
The announcement was another sign
of strengthening relations on agriculture trade between the United States and
China under U.S. President Donald Trump, despite disagreements in other areas
such as steel.
China last month resumed imports
of U.S. beef for the first time since 2003. Last week, Chinese buyers inked
deals valued at about $5 billion during a ceremony in Iowa to buy 12.53 million
tonnes of U.S. soybeans and 371 tonnes of beef and pork.
U.S. rice futures rose about 14
cents to a one-year high at $12.00 per cwt after the news.
China intends to send inspectors
to visit U.S. rice mills and facilities to ensure shipments would not introduce
pests into China, said Carl Brothers, chairman of the USA Rice International
Trade Policy Committee.
Stuart Hoetger, a rice trader at
California's Calrose Co-op, said he hoped to sell rice to China as soon as
retailers there were approved to take in imports. The cooperative of California
rice farmers already has customers in the Middle East and elsewhere in Asia."I
don't think it will explode overnight but I think it could turn into
significant demand," Hoetger said.
Reporting by Michael Hirtzer; Editing by Meredith Mazzilli
Trends-business
ngredion calls its new process stable rice flours clean label first
A
new, multifunctional line of waxy rice flours meets increased consumer demand
for clean-label flours and provides manufacturers with a clean-label flour that
is highly process stable, says supplier Ingredion Inc. (Westchester, IL). The
company is calling its new Homecraft Create rice flours an industry first,
noting that it can create smooth, silky textures in clean-label and gluten-free
products.
Ingredion
says its proprietary consumer research on labeling preferences suggests that
“rice flour” is one of the most accepted, common ingredients used in the food
and beverage industry, and that consumers in the U.S. and Asia Pacific region,
in particular, significantly prefer the “rice flour” label to other
ingredients. Thus, it says, its goal was to develop a clean-label rice flour
that delivers the functionality, tolerance, stability, and shelf life of non-clean
label ingredients such as modified starches or ingredients requiring the use of
hydrocolloids.
“Ingredion
has been a pioneer in the clean-label movement and in understanding consumer
attitudes and preferences towards specific ingredients and claims,” Daniel
Haley, director of the global Wholesome Springboard, Ingredion, said in a press
release. “The exciting development of Homecraft Create multifunctional rice
flours, leveraging our recent investments in Asia-Pacific, reflects the
continued commitment of researchers working in this area at our global network
of Ingredion Idea Labs innovation centers.”
Angelina
De Castro, senior marketing manager of Ingredion’s Wholesome Springboard, North
America, elaborated: “Providing highly functional rice flours with added
stability and enhanced texture allows our customers to design new products that
are as close as possible to what consumers would expect in an authentic
recipe.”
According
to the company, applications testing has previously demonstrated rice flour’s ability
to enhance formulations of baby foods, soups, dairy alternatives, fruit
fillings, snack products, meats, batters, and ready meals, among others.
Ingredion debuted the ingredient at June’s Institute of Food Technologists’
Annual Meeting and Food Expo in Las Vegas.
Singapore 'food sharing' pioneer
Tony Tay of Willing Hearts among winners of Philippines' Magsaysay awards
PHOTO: The Straits Times
Jul 28, 2017
MANILA - The Singaporean founder of a volunteer group
providing hot meals to the poor is among this year's six winners of the
Philippines' Magsaysay awards, the foundation responsible for the awards said
on Thursday (July 27).
Mr Tony Tay's "Willing Hearts" group distributes
thousands of meals every day in the wealthy city-state, where about 10 per cent
of a population of 5.7 million live in poverty, the Ramon Magsaysay Awards
Foundation said in a statement.
The winners of the awards, widely seen as Asia's equivalent of the
Nobel prizes, will receive a sum of US$50,000 (S$67,880) at a ceremony set for
late August.
"The Magsaysay awardees are all transforming their societies
through their manifest commitment to the larger good," said Ms Carmencita
Abella, president of the Manila-based foundation.
"All are unafraid to take on larger causes. All have refused
to give up despite meagre resources, daunting adversity and strong opposition,"
Ms Abella said in the statement.
Mr Tay, born in poverty, abandoned at age five and put in care at
an orphanage with a sister, was recognised for "sharing food with
others" after having organised a group of 300 volunteers in 2009 to
provide meals to those in need.
Vegetable importer Lim Hiok Chuan, 65, hands out sacks of potatoes
to an employee of Willing Hearts at the Pasir Panjang Wholesale Centre. Mr Lim,
who has been giving his products to Willing Hearts regularly for the last 10
years, has never turned do
"We are just sharing, sharing all that we have in life to
make a better society," the 70 year-old businessman, who had to drop out
of school to work, was quoted as saying in the foundation's statement.
Also honoured were Japan's Mr Yoshiaki Ishizawa, cited for having
empowered Cambodians to preserve their culture, and Indonesia's Mr Abdon
Nababan, who worked to support the rights of indigenous people in a country
that is home to the world's largest Muslim population.
Among the winners were Sri Lanka's Ms Gethsie Shanmugam, who
helped rebuild the war-scarred lives of women and children; and Ms Lilia de
Lima of the Philippines, who led the country's economic zone authority for many
years.
The Philippine Educational Theatre Association was also recognised
for its "bold, collective contributions in shaping theatre arts as a force
for social change", setting an example in Asia.
The awards, named after a popular Philippine president who was
killed in a plane crash, were set up in 1957 by the trustees of the New
York-based Rockefeller Brothers Fund.
About 300 people and 25
organisations, including ASEAN and the International Rice Research Institute,
have been recognised since 1958.
SL Agritech targets expansion to India,
Myanmar
ABS-CBN News
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MANILA - Philippine-based rice research company SL Agritech Corp.
is looking to expand its operations to India and Myanmar, its chairman said
Friday.
The company may invest around $2 million to $3 million in Myanmar
and are already in talks with a potential partner from India, said Chairman
Henry Lim Bon Liong.
The company plans to produce seeds that will be sold to farmers,
and eventually sub-contract farmers to plant these for the sale of both their
seeds and their brand of rice, Doña Maria.
Lim Bon Liong is also working on a project to make farming
"cool." He has found a partner in Kapamilya star and “Ang
Probinsyano” lead actor Coco Martin.
"Over the years, farmers have been depicted as senior,
matanda na, amoy lupa, bungi ngipin. Now we want to change the image of
farmers," Lim Bon Liong told ABS-CBN News on the sidelines of the 25th
Metro Manila Business Council.
"We want to encourage the youth to go back to farming… In the
future, we want them to be [in] coat and tie, driving SUVs... We want this to
be aspirational," he said.
Last month, SL Agritech signed a
collaboration agreement with Bangladesh firm EnP Solutions Ltd. for the seed
production of a high-yielding rice hybrid which could withstand both dry and
wet climates.
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Cooking up a rice day
Friday, July 28th 2017, 9:16 am PKTFriday, July 28th 2017, 4:14 pm
PKT
·
o
o
o
o
JONESBORO, AR (KAIT) -
Rice cooking demonstrations, field tours, youth activities, a
plant health clinic and a "Bug Bonanza" are all part of the 2017
Arkansas Rice Expo.
The expo is scheduled for 8 a.m. on Aug. 4 at the Grand Prairie
Center in Stuttgart at 807 US 165 next to Phillips Community College
and admission is free.
"The producers or anyone can go out to the fields and see the
research being done," Leigh Ann Bullington, of the University of
Arkansas Research and Extension office in Woodruff county, said. "There
will be seminars highlighting the latest things for rice producers. There's
just education galore!"
Bullington joined Keith Cleek, Regional Program Associate for the
University of Arkansas Research and Extension on Mid-Day. The pair packed the
table on the interview set with ingredients for making Avgolemono Lemon
Rice Chicken Soup.
"This helps kick off our recipe contest," Cleek said.
"It's a Mediterranean Lemon Chicken Rice Soup,"
Bullington said. "The whole dish takes maybe about 30 minutes. It has to
cook about 15 minutes."
She explained that the recipe uses Arborio rice.
"That's Italian rice," Bullington said. "We do grow
it here in the United States, mostly in California. But some is grown here in
Arkansas. It's shorter, plumper and has more starch to it. It's going to give
our soup a nice consistency."
Avgolemono Lemon Rice Chicken Soup
·
1 Tbsp olive oil
·
1 leek chopped
·
2 medium carrots,
diced
·
2 qt of unsalted chicken
stock
·
1 cup of Arborio
rice
·
Juice from 1 lemon
·
3 eggs
·
2 cups shredded chicken,
(boneless, skinless breast meat)
·
1 bay leaf
·
¼ cup of fresh dill,
chopped
·
salt and pepper to
taste
Heat oil in a soup pot over medium-high heat. Add leek and carrots
and cook for about 5 minutes or until tender. Add chicken stock, rice and bay
leaf and bring to a boil. Reduce heat to a simmer and cook for about 15 minutes
or until rice is cooked through.
Meanwhile, in a small bowl beat eggs together with the lemon
juice.
Add chicken to the pot, then add a ladle of soup broth to the
eff mixture and stir. Pour the egg mixture into soup to thicken. Season with
salt and pepper as needed. Add more lemon juice as desired. Add dill and cook
for a few more minutes before serving.
Serving suggestions: Top with sliced lemons, lemon zest, feta
cheese and more dill.
Serves 10. 190 calories, 5g fat; 85 mg chol;21 g carb; 0g fiber;
15g protein
For more
information on the Arkansas Rice Expo, click here.
Copyright 2017 KAIT. All rights reserved.
Watch Region 8 News On Demand: On your Desktop | On your Mobile device
Permanent listing of rice
futures delayed
8:38 pm, July 28, 2017
Jiji PressTOKYO (Jiji Press) — The proposed permanent listing of rice
futures products on an Osaka exchange is now likely to be postponed, due to
opposition from the ruling Liberal Democratic Party, it was learned Thursday.
The LDP notified the agriculture
ministry on the day of its position that the permanent listing is unacceptable.
But the party appears ready to accept another extension of the current trial
listing on the Osaka Dojima Commodity Exchange.
The exchange filed with the
ministry this month to list rice futures products on a permanent basis, but is
now expected to submit a new application to extend the current trial of rice
futures trading, which started in August 2011.
The trial has already been
extended twice, in 2013 and 2015, as the Japan Agricultural Cooperatives group,
which has a significant share in the domestic rice market, is concerned that
full-fledged rice futures trading could cause excessive volatility in rice
prices.
