Wednesday, July 22, 2020

22nd July ,2020 Daily Global Regional Local Rice E-Newsletter

 

Floods highlight importance of food security

By Fan Shenggen | China Daily | Updated: 2020-07-22 07:34

Description: http://www.chinadaily.com.cn/image_e/2018/global/j.png

Description: http://img2.chinadaily.com.cn/images/202007/22/5f177b96a3108348fcdf28ee.jpegSand bags are stacked at the Dongsheng South Embankment to prevent water from overflowing in Xingang township of Jiujiang city, East China's Jiangxi province, on July 18, 2020. [Photo/Xinhua]

The floods in the southern parts of China have triggered fresh concerns about whether the country will face a food shortage and nutrition crisis. Although China's food (especially cereal) stock and supply are adequate, concerted efforts are needed to ensure food and nutrition security for all citizens, particularly those in the flood-affected areas.

The measures taken to prevent and control the spread of the novel coronavirus outbreak disrupted food production, processing, transportation, marketing and trade in February and March, posing a threat to food security. Fortunately, the novel coronavirus has been largely controlled in the country, and the economy, including the agricultural and food sector, has mostly recovered. And various government policies including green channels for transportation of fresh foods and workers in the food sector have helped minimize the impact of the shocks.

In addition, financial support and tax concessions to farmers and agricultural enterprises, and online delivery platforms have played a critical role in ensuring the smooth functioning of the entire food supply chain.

China has enough food stock, particularly that of cereals (rice, wheat and corn), as it had a bumper harvest in 2019 and reaps another good summer harvest (an increase of 0.9 percent) this year. According to government sources, there are enough cereals in stock to feed the population for the whole yearone of the reasons why cereal prices have been stable. But prices of meat and vegetables increased in June, which means concerted efforts are needed to prevent any shortage of these foods in the future.

On July 8, the Ministry of Finance and the Ministry of Emergency Management allocated 615 million yuan ($88 million) for disaster relief in flood-hit regions, mainly to Anhui, Jiangxi, Hubei and Guizhou provinces, the Guangxi Zhuang autonomous region and Chongqing. Of the total sum, 430 million yuan is to be used for flood control, and the rest for rescue and relief operations in disaster-affected areas.

However, more support should be provided for the affected areas and farmers so they can recover from the floodsfor instance, seeds for crops and feed for livestock must be supplied to prevent a shortage of food in the fall, and more attention should be paid to vegetables and livestock, which help improve consumers' nutrition and health.

Also, since China has vowed to eliminate absolute poverty by the end of 2020, special efforts are needed to ensure poor farmers emerge out of poverty despite the floods, while measures should be taken to prevent rural residents from slipping back into poverty under the impact of the floods. As such, social protection programs including cash transfer should be strengthened in impoverished regions and counties, as well as in areas that have suffered a double blow from the epidemic and the floods. Securing nutritious and healthy foods for children, women, the elderly and other vulnerable groups will be critical to the post-pandemic and post-floods recovery.

The pandemic, more frequent extreme weather events, and the rising threats of pests and diseases to crops and livestock are a wake up call for the world and China to make their agriculture and food systems more resilient to shocks.

China has invested heavily in flood control for centuries, especially after the devastating 1998 floods. But with climate change intensifying, the government needs to increase investments in flood control management and irrigationfor example, by combining flood control measures with ecological conservation, tree planting and wetland preservation.

It should also develop agricultural technologies to build resilience against floods and droughts, similar to the development of climate change-resistant rice varieties by Chinese researchers and foreign scientists from the International Rice Research Institute. Some of the rice cultivars are more resistant to droughts, floods, extremely high temperatures, unusual cold waves, and saline soil than the normal varieties. Similarly, Chinese and foreign scientists from the International Maize and Wheat Improvement Center have developed drought-and high temperature-tolerant corn varieties.

There is a need to establish a national flood insurance system, too, because the post-disaster government aidthe main channel for disaster reliefis less efficient than insurance. Many developed countries such as the United States, the United Kingdom, Australia and New Zealand have active flood insurance programs, which help reduce the losses caused by floods through market-based means (in partnership with private insurance companies) and facilitate the construction of disaster prevention and alleviation infrastructure. And innovative methods (including the application of internet or mobile phone-based technology and dynamic flooding risk map) are needed to help farmers increase their agricultural insurance uptakes, which will better protect them against increasing climate change shocks.

Moreover, China needs to reinforce the social protection system, by using information and communications technology and increasing government capacity at all levels. Efficient, timely and targeted aid through a well-established social protection system is essential for protecting the poor and vulnerable when natural disasters like floods wreak havoc in the country.

The author is chair professor at China Agricultural University and former director general of International Food Policy Research Institute based in Washington DC.

The views don't necessarily reflect those of China Daily.

http://global.chinadaily.com.cn/a/202007/22/WS5f177b96a31083481725b215.html


Description: https://www.businessghana.com/site/img/icon_facebook.png
 Description: https://www.businessghana.com/site/img/icon_twitter.png Description: https://www.businessghana.com/site/img/icon_linkin.png Description: https://www.businessghana.com/site/img/icon_googleplus.png Description: https://www.businessghana.com/site/img/icon_email.png

Ghana Commodity Exchange adds local rice to listed items

 7h ago    |    Source: Citi Business News

The Ghana Commodity Exchange, which serves as a link between agricultural and commodity producers and buyers, has added locally produced rice to its listed items.

This comes after the approval of the Securities and Exchange Commission (SEC).

This brings to five the number of items the Exchange trades in including maize, sorghum, soy bean, and sesame.

Rice is considered the second most important grain food in Ghana, next to maize, and accounts for 58 percent of the country’s cereal imports.

With its consumption in 2017 and 2018 estimated at 1 million megatonnes, the government expects that the annual per capita consumption will reach 40 kilogrammes this year.

But dependency on foreign rice is a phenomenon that is a source of worry for many in Ghana.

This phenomenon started increasing steadily in the 1980s, but now accounts for more than 70% of local consumption.

According to the Ministry of Food and Agriculture, Ghana spends almost over a billion dollars on rice importation annually since 2015.

For many years, rice farmers in the Builsa South District of the Upper East Region and other parts of the country have lamented the lack of ready market for their produce.

Despite assurances from the Ghana Buffer Stock, some have been forced to keep their produce for many months without buyers, a situation that is worsened by inadequate warehouses.

Before December 2019, a campaign started by Citi FM and Citi TV for the consumption of local rice, received widespread support, leading to an increase in demand for local rice during the festive season.

Government also responded by getting the Ghana Buffer Stock Company to buy some of the rice, while discussions have been ongoing to get banks to provide credit to players in the local rice value chain to expand and meet local demand.

Government further promised to end rice importation by 2022.

With this intervention by the Ghana Commodity Exchange, rice farmers and millers can be sure of ready market with competitive prices once they meet the expected quality standard.

Chief Executive Officer of the Ghana Commodity Exchange, Dr.

Kadri Alfah made this known to Citi Business News.

“We’ve just had an approval from our regulator, the Securities and Exchange Commission.

They’ve given us the go-ahead to trade rice, so this is good news to the Exchange, the farmers and the general Ghanaian public.

So, you would see that we will be listing rice contracts on the Exchange and then trade in them in the coming months” he said.

Dr.

Alfah believes local rice farmers have the capacity to produce enough to meet the country’s demand.

“To be honest with you, we haven’t really done a lot on rice, we are still importing a lot of rice, but we don’t need to import rice, we should actually be exporting rice because we have the climate, we have the resources.

There’s been a lot of support also from the government through the Planting for Food and Jobs initiative.

Rice farmers have been largely supported.

The Exchange has also been set up to ensure that we are able to provide market linkages and get the farmers to get better market,” he added.

The Exchange as part of preparations for its new addition has secured warehouses to store enough rice in the next few months.

“Usually, we would bring in new products at the harvest season so we a targeting the next quarter or so.

We’ve actually even started because when we are starting with a new product, we start with the feasibility studies, we look at the buyers and sellers and some of the dynamics, the price trends and we just make sure that the market understands what we are doing.

We also consult with the industry.

We’ve also gotten two warehouses that we want to commit to the trading of rice and we’re looking for more warehouses.

We have a warehouse in partnership with Juaben Food Market and we also have a warehouse in Bolgatanga where we are working with institutions.

” Meanwhile, due to the coronavirus pandemic, Dr.

Alfah says its buyers within the off-taking chain have reduced.

Already, the Exchange says the amount of produce it receives for the five listed items is now less also due to the pandemic.

“We’ve also suffered from the off-taker side as well because those who were buying from us were mainly processors of food.

They were businesses that were processing.

They buy raw material from us and process.

Most of them have actually scaled down their operation and some of them have actually shut down completely.

So that it the reason why the off-taking side has gone down,” Dr.

Alfah said.

.

https://www.businessghana.com/site/news/Business/218388/Ghana-Commodity-Exchange-adds-local-rice-to-listed-items

 

Thai rice exporters cut 2020 forecast to 6.5 million T, lowest in 20 years

 

Patpicha Tanakasempipat

BANGKOK (Reuters) - Thailand’s rice exporters association has slashed its forecast for 2020 exports to 6.5 million tonnes, the lowest volume in two decades, owing to drought and a strong baht currency, its executives said on Wednesday.

FILE PHOTO: Immigrant workers unload sacks of rice from a barge to a cargo ship on the Chao Phraya River in Bangkok August 27, 2014. REUTERS/Athit Perawongmetha

The industry group’s latest forecast for Thailand, the world’s second-largest rice exporter last year, is lower than its previous expectation of a seven-year low of 7.5 million tonnes for 2020.

The association attributed that to a persistently strong baht compared to other currencies and drought cutting Thai rice output by 5 million tonnes this production season, making prices higher and uncompetitive.

“The new forecast of 6.5 million tonnes is the lowest volume in 20 years,” said Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, adding the previous low was 6.15 million tonnes in 2000.

“This year will be a struggle.”

From January to June, Thailand exported 3.14 million tonnes of rice, about a third less than the same period last year, the association’s data showed, less than India’s 4.53 million tonnes and the 4.04 million tonnes shipped by Vietnam.

Thailand’s gains from India halting logistics during lockdown and Vietnam temporarily banning new contracts to ensure domestic supply amid the coronavirus crisis would be shortlived, and balanced out by flat demand, Charoen Laothamatas, the association’s president.

“COVID-19 has made the market volatile, making importers buy more than usual earlier to stock up, but now they won’t need to for a while,” he said.

Sales of Thai premium-grade jasmine rice have risen by 63% this year, benefiting from panic-buying in wealthier markets like Singapore, Hong Kong, the United States and Canada.

Meanwhile, lower purchasing power globally has seen Thai white rice lose out to cheaper grades offered by Vietnam in key Asian markets like the Philippines.

China, once a Thai rice importer, was also beating Thailand in key African markets with cheaper prices.

Reporting by Patpicha Tanakasempipat; Editing by Ed Davies and Martin Petty

Our Standards:The Thomson Reuters Trust Principles.

https://www.reuters.com/article/us-thailand-rice/thai-rice-exporters-cut-2020-forecast-to-65-million-t-lowest-in-20-years-idUSKCN24N0BD

 

2020 Organic Pioneer Award Recipients Announced by Rodale Institute

Lundberg Family Farms, Dr. Tyrone Hayes, and Katherine DiMatteo recognized for outstanding contributions to the organic movement

July 21, 2020 1:02 PM EDT

 

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.


Kutztown, PA, July 21, 2020 (GLOBE NEWSWIRE) -- Rodale Institute, the global leader in regenerative organic agriculture, will recognize three leaders of the organic movement during Organic Pioneer Month throughout September. Organic rice producer Lundberg Family Farms, groundbreaking biologist Dr. Tyrone Hayes, and former Organic Trade Association Executive Director Katherine DiMatteo will be honored for their work in advancing the organic movement.    

Description: 0_medium_pjimage.jpg

Katherine DiMatteo (left), Lundberg Family Farms (center) and Dr. Tyrone Hayes (right) are the 2020 recipients of Rodale Institute's Organic Pioneer

Awards.

 

Due to the COVID-19 pandemic, this year’s celebration of the Organic Pioneer Award recipients and annual fundraiser will be held virtually throughout the month of September, designated as “Organic Pioneer Month.” Each week, Rodale Institute will feature unique content from the award winners, including videos, letters from the honorees, and more.

 

Organic Pioneer Month will culminate in a live, virtual panel with the honorees on September 21 at 2 PM EST. Anyone who donates to Rodale Institute during the Organic Pioneer Month campaign will be registered for the event, moderated by Rodale Institute CEO Jeff Moyer. The conversation will discuss the past, present and future of the organic movement. Learn more about Organic Pioneer Month at RodaleInstitute.org/OrganicPioneerAwards.

 

Traditionally hosted as a farm-to-table fundraising dinner at the Rodale Institute headquarters, the shift in the Organic Pioneer Awards format provides an opportunity to dive even deeper into the groundbreaking work of the Lundberg Family, Dr. Tyrone Hayes, and Katherine DiMatteo.

 

“This year’s Organic Pioneer Award winners can be summed up in one word: legacy,” said Jeff Moyer, Rodale Institute CEO. “Whether it is their significant impact on food labels, the National Organic Program standards, or paradigm-shifting pesticide research, the legacy of Lundberg Family Farms, Dr. Tyrone Hayes, and Katherine DiMatteo within the organic movement is incredible. We are honored to present them with our highest honor this year.”   

 

Learn more about the 2020 award winners:

Grant Lundberg, accepting the award on behalf of Lundberg Family Farms: Lundberg Family Farms has produced rice products on their family-owned farm since 1937, today becoming one of the leaders in the organic and eco-farmed rice market. Lundberg Family Farms leads with a longer view of family, food, and organic farming. Albert, Frances, and their four sons—Eldon, Wendell, Harlan, and Homer—saw how the Dust Bowl stripped the land of its topsoil in the 1930s. When they moved to California, they decided to work in partnership with nature, becoming pioneers of organic farming. Since 1937, the Lundbergs have been growing healthy, great-tasting rice while tending to soil, air, water, and wildlife as carefully as their crops. In addition to farming organically, Lundberg Family Farms offsets its operations with 100% renewable energy, is ENERGY STAR certified, and maintains TRUE Zero Waste certification. The Organic Pioneer award will be accepted by Grant Lundberg, current CEO of Lundberg Family Farms and third generation of the family. A passionate advocate of GMO food labeling, Lundberg was a founding director of the Non-GMO Project.

 

My family and I are honored to receive the Rodale Institute’s Organic Pioneer Award,” said Lundberg. “Our parents and grandparents were pioneers in every sense of the word. My cousins and I feel a profound responsibility to uphold their legacy of treating the land like a member of the family. We are grateful to the Rodale Institute for advancing the organic movement so we can keep growing together for generations to come.” 

Tyrone B. Hayes, Ph.D. is a Professor of Integrative Biology at the University of California, Berkeley. He received his bachelor’s degree from Harvard University in 1989 and his doctorate from the Department of Integrative Biology at UC Berkeley in 1993. Hayes’ career has focused on the role of endocrine-disrupting contaminants, particularly pesticides, and their impact on global amphibian declines and public health. This research resulted in a widely known study connecting the herbicide atrazine to the feminization of male frogs. Hayes also studies environmental justice issues associated with targeted exposure of racial and ethnic minorities to chemicals and the role that exposure plays in health care disparities.

 

"I am proud to be a scientist on the side of something positive,” said Hayes. “Reducing the use of synthetic chemicals and fertilizers in food and agriculture will be key in maintaining healthy environments and food for future generations. I am honored to be recognized in this movement."

 

Katherine DiMatteo provides organizational management, and policy and regulatory consulting services to the organic sector. The executive director of the Organic Trade Association from 1990 to 2006, DiMatteo was instrumental in shaping the outcome of the U.S. National Organic Program standards and the U.N. Codex Guidelines for organically produced foods. She currently serves on the Fairtrade America Board of Directors and the Advisory Board of Protect Our Breasts. DiMatteo was a founding member of the Climate Collaborative and now serves on its management board. Previously, she served as the president of IFOAM-Organics International Board of Directors and was a founding member of The Organic Center’s Board of Directors.

 

It is such a privilege for me to receive the Rodale Institute Organic Pioneer Award,” said DiMatteo. “I am most grateful to work with the community that has formed around organic agriculture, its principles and products. Through collaborations and creative tensions, together we have advanced organic locally and globally.”  

 

Previous recipients of the Organic Pioneer Award include Dr. Jennifer Taylor (Lola’s Organic Farm/FAMU), Yvon Chouinard (Patagonia), David Bronner (Dr. Bronner’s), Alice Watters (Chez Panisse), and Governor Tom Wolf (Pennsylvania).

 

To participate in Organic Pioneer Month, sign up for Rodale Institute’s email newsletters and follow the Institute on Facebook and Instagram. Information on the winners, live panel registration, and more can be found at RodaleInstitute.org/OrganicPioneerAwards.

 

About Rodale Institute: Rodale Institute is a 501(c)(3) nonprofit dedicated to pioneering organic farming through research and outreach. For seventy years, the Institute has been researching the best practices of organic agriculture and sharing findings with farmers and scientists throughout the world, advocating for policies that support farmers, and educating consumers about how going organic is the healthiest option for people and the planet. Learn more at RodaleInstitute.org

Attachment

Margaret Wilson
Rodale Institute
610-597-5650
margaret.wilson@rodaleinstitute.org

Source: Rodale Institute

 

 

https://www.streetinsider.com/Globe+Newswire/2020+Organic+Pioneer+Award+Recipients+Announced+by+Rodale+Institute/17134698.html

 

Super funds returns likely to be lower for longer

By John Collett

July 21, 2020 — 10.00pm

Add to shortlist

Super fund members need to lower their expectations of any repeat of the strong growth seen in their retirement savings over the past decade, industry analysis shows.

Actuaries Rice Warner has warned members to expect average annual compound returns of just 5 per cent over the next decade, rather than the 7 per cent to 8 per cent to which they have become accustomed.

The outsized returns of super since the GFC could well be over.CREDIT:ISTOCK

However, that forecast was made before the COVID-19 pandemic struck and now even that revised lower return is looking over-optimistic.

Super fund members are long accustomed to bumper returns, with some funds doing even better than returning 7 per cent to 8 per cent a year.

Figures from industry watcher SuperRatings show not-for-profit funds dominate the long-term performance league tables.

The top-10 balanced investment options over 10 years to June 30 were all not-for-profit funds that produced returns of at least 8 per cent. AustralianSuper's balanced option was number one over that period, with an average annual return of 8.8 per cent.

Balanced options have about half of their members' retirement savings invested in Australian and global shares. A sizeable slice of the good performances has come from a staggering recovery on global sharemarkets after the setbacks experienced during the Global Financial Crisis.

Not-for-profit funds also have significant allocations to unlisted assets, such as infrastructure, that pay good income, which helps smooth out long-term returns.

As sharemarkets around the world peaked last year, Rice Warner said funds should review their long-term "target" returns with a view to slashing estimates.

Rice Warner chief executive Andrew Boal and Rice Warner consultant Richard Dunn are now urging even more caution as the coronavirus pandemic plunges global economies into the worst downturn since the 1930s Great Depression.

Funds provide "target" returns for their options over the longer term, which is expressed as the likely return above the inflation rate.

10-year bonds now yield 1.1 per cent and equity markets usually have dismal performance during recessions, so where will these high returns be made?

Andrew Boal, chief executive of Rice Warner

The Rice Warner researchers say the typical return target of "MySuper" investment options – the balanced-style where most members have invested their retirement savings – is an average annual compound return of about 3.6 percentage points above inflation. However, there is a big variation in fund targets and some appear "very optimistic", Boal and Dunn say.

As underlying inflation is less than 2 per cent a year, the targets imply that funds will need to earn 5 per cent to 6 per cent a year to achieve some of their targets.

"While that seems plausible, these figures are likely to be disconnected from the realised returns over much of the next decade," the researchers say.

"For example, 10-year bonds now yield 1.1 per cent and equity markets usually have dismal performance during recessions, so where will these high returns be made?" they say.

Gross returns are only one side of the equation for super fund members, as it is returns net of fees that matter most. The expected lower investment returns could be cushioned by lower fees.

Most funds contract external fund managers to invest members' money. However, a spate of super fund mergers to provide more scale and spread fixed costs across a greater number of members is expected to be of major benefit.

Scale also makes available more opportunities to bring some of the funds management in-house in order to save on investment management fees.

https://www.blogger.com/blog/posts/7744424141239132414

 

Study finds pigs fed leftover Japanese liquor produce tastier pork

Pigs fed shochu remnants from age 3 to 6 months also had higher amounts of antibodies called IgA in their saliva, indicating shochu remnants kept pigs healthier.

Jul 21, 2020

A team of Japanese professional brewers and academic farmers say pigs fed the nutrients in leftover fermented barley from the Japanese liquor shochu, may have less stress, resulting in better tasting pork sirloin and fillets.

"Kyushu, in Western Japan is well-known historically for making shochu and for its many pig farms. We hope collaborative research projects like ours can directly benefit the local community and global environment," says Yasuhisa Ano, the first author of the research paper published in Food Chemistry. Ano is affiliated with the Kirin Central Research Institute at Kirin Holdings Co., Ltd.

Currently, the mash of leftovers that remains after distilling out the alcohol is considered industrial waste and is often disposed of in ways that create more climate-changing carbon dioxide. Feeding distillation leftovers to farm animals can improve the animals' quality of life, lower farmers' and brewers' costs, appeal to discerning foodies, and benefit the environment by reducing food waste.

Japanese shochu can be made from barley, potatoes, rice or other starches first decomposed with mold, then fermented with yeast, and finally distilled to an alcohol content usually greater than 20%. Incidentally, Japanese sake is a fermented drink always made from rice with an alcohol content typically around 15%.

Researchers at the University of Tokyo fed six pigs a standard diet supplemented with shochu distillation remnants, the dried mixture of barley, mold and yeast left over after distilling out the shochu. Pigs fed shochu remnants from age 3 to 6 months had higher amounts of antibodies called IgA in their saliva, indicating that shochu remnants kept the pigs healthier than the standard diet. Additionally, pigs fed shochu remnants had lower stress levels than pigs fed the normal diet supplemented with fresh barley, as measured by the amount of cortisol, a common stress hormone, in their saliva.

Other studies have linked healthier responses to stress to two protein building blocks called leucine and histidine peptides, which barley shochu contains in abundance.

The UTokyo research team performed additional tests in mice to study the effect of barley shochu distillation remnants on stress. Mice that ate the distillation remnants just once directly before a stressful event returned to normal behavior faster than other mice. The mice who ate the shochu remnants also had normal levels of dopamine in their brains after the stressful event, indicating a better response to stress.

Researchers suspected that the lower stress and better health throughout the pigs' lives created higher quality meat, but they asked flavor experts from Kirin for a blind taste test.

According to the experts' palates, both sirloin and fillet cuts of pork from the shochu remnant-fed pigs were higher quality than meat from pigs that ate the standard diet: better umami, tenderness, juiciness and flavor.

"We saw no difference in the pigs' weight gain between the two diets and the pigs were slaughtered at the standard six months of age, meaning any difference in the quality of meat was not because of a difference in quantity of fat," says Junyou Li, an associate professor from the University of Tokyo and a co-author of the research publication.

That higher quality taste was likely due to chemical differences in the meat. Fat from the higher-quality meat melted at lower temperatures, which creates the delicious melt-in-your-mouth texture. That fat was also made up of a higher percentage of oleic acid, an unsaturated fatty acid linked by other studies to improved levels of "healthy" LDL cholesterol.

"We hope that identifying these benefits for the animals and creating a premium tasting product for consumers will increase farmers' motivation to try a new diet for their pigs," says Masayoshi Kuwahara, director of the University of Tokyo Animal Resource Science Center and last author of the research publication.

Source: University of Tokyo, which is solely responsible for the information provided, and wholly owns the information. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.

TAGS: NUTRITION ANIMAL HEALTH

https://www.nationalhogfarmer.com/livestock/study-finds-pigs-fed-leftover-japanese-liquor-produce-tastier-pork

 

Federation Makes the Case for Rice in 2020-2025 Dietary Guidelines 

 

  

By Deborah Willenborg

 

WASHINGTON, DC -- Last week, the Dietary Guidelines Advisory Committee (DGAC) Scientific Report was released by the U.S. Department of Agriculture (USDA) and the U.S. Department of Health and Human Services (HHS).  The basis for the 2020-2025 Dietary Guidelines for Americans, the report is intended for policy makers and health professionals as an outline of how Americans can improve their overall eating patterns for a healthier lifestyle.

"USA Rice made sure the industry's voice was heard by thoroughly demonstrating the nutritional value of rice, and we're pleased with the overall report and its implications for rice," said Cameron Jacobs, USA Rice director of domestic promotion.  "We made the case on a number of fronts for the DGAC to advise HHS and USDA that U.S.-grown rice, in all forms, be an integral part of a healthy diet for Americans of all ages."

Throughout the report's multi-year review process, USA Rice played an active advisory role attending all DGAC public meetings, working alongside industry coalitions to provide the DGAC with cutting edge research, and orchestrating the written submission of comments to the DGAC by nutrition experts on behalf of rice.

"The current DGAC report provides nutrition recommendations that are largely positive for rice, including increasing whole grain consumption to prevent certain chronic diseases," said Jacobs.  "The report also recommends Americans increase their intake of dietary fiber, and that breastfed infants ages 6-12 months receive foods rich in iron, including fortified cereals."

The report does recommend limiting refined grains which is unchanged from previous guidelines and recommendations.  And, despite a strong push by groups advocating for low-carbohydrate diets, the DGAC said research limitations and lack of a standard definition for a low-carbohydrate diet precluded a formal decision on this eating pattern.

The next phase of the review includes a 30-day public written comment period that closes August 13, as well as an oral comment opportunity.  Should USA Rice be selected to provide oral comments, nutrition expert Julie Miller Jones is scheduled to testify on the organization's behalf on August 11 as the DGAC completes its final review.

Publication of the final 2020-2025 Dietary Guidelines for Americans is expected later this year or in early 2021.

 

https://www.dietaryguidelines.gov/sites/default/files/2020-07/DGAC-vs-DGA.pdf

usa Rice daily

 

‘GI law to help SMEs go global’

ISLAMABAD: Prime Minister’s Adviser Razak Dawood on Monday said the Geographical Indications (GI) Law would provide legal protection to indigenous products and help small and medium enterprises (SMEs) fetch premium prices for things like Peshawari chappals, Multani pottery, and Hunza apricots etc.

He said this during a briefing following the meeting of the Senate Standing Committee on Commerce at the Ministry of Commerce. Talking about the objectives of the GI Law, Dawood underlined that the policy of the government was to get premium prices for indigenous products in the international market, as a lot of companies sold the items without any branding about the product’s origin.

Dawood said that the Standing Committee also appreciated the coordination between the Parliament and Ministry of Commerce for the enactment of GI Act. Pakistan enacted Geographical Indications (Registration and Protection) Act in March, 2020.

It was a landmark achievement on the part of the Parliament and the government. This would lead to the protection of Pakistani brands and ensure premium price for Pakistani products originating from different areas.

GI Law was pending for over 14 years and a number of companies were using these products under their name tag, without attributing them to their origins.

After the GI Act, indigenous products of Pakistan would get premium price in the international market. Under this Act, a wide range of products, including Basmati rice, Hunza apricot, Sargodha kinnow, Multan mango, Sindhi ajrak and Peshawari chappal etc will be introduced in the international market as national brands of Pakistan.

The GI Act, 2020 provides legal protection to local products, which would encourage SMEs to expand their business worldwide. The protection of geographical indications would boost exports and help support rural development in the country, enhancing the livelihood of agriculture producers and skilled craftsmen.

In addition, the marketing of GI products would enhance the secondary economic activities in the GI region, which would boost the regional economic development.

This promotion of indigenous products could also support growth in the tourism industry, as the people from around the world would be encouraged to access the special products, which only originate from one particular region and form a part of their cultural heritage.

At the end of the debriefing session, the adviser directed the ministry officials to continuously follow up on the implementation of the GI Act and resolve any issues on priority so that the intended objectives were achieved with maximum benefits to the SMEs and local communities around the country.

https://agriculture.einnews.com/article_detail/522153537/jfdK73T5FDvufeRq?n=2&code=VuZLay2YinrVF2-0&utm_source=NewsletterNews&utm_medium=email&utm_campaign=Basmati+Rice+News&utm_content=article

Exclusive: China plans wheat, rice sales to tame surging corn prices - sources

Hallie GuDominique Patton

 

21 July 2020

 

 

BEIJING (Reuters) - China plans to sell rice and wheat from state reserves to animal feed producers who are struggling with high corn prices, which have soared more than 20% in some areas this year amid tightening supplies, three sources familiar with the matter said.

Workers pack wheat at a foodstuff storage site in Xiangfan, in central China's Hubei province October 11, 2007. REUTERS/Stringer/File Photo

Beijing may offload about 10 million tonnes of rice in the first batch of sales, according to one of the sources who was briefed on the plan.

“The government is doing this to check corn prices,” said the source.

The plan to sell stocks from reserves comes as Chinese corn prices hit five-year highs and inventories dwindle following years of government efforts to whittle down a previously massive corn stockpile.

Extensive floods and cool weather across growing belts have also supported prices.

Physical corn prices in Harbin - China’s top corn province - hit 2,110 yuan ($301.69) per tonne on Monday, up 23% this year, and highest since September 2015.

Spiking prices have pushed Chinese importers to buy record volumes of U.S. corn, which could also help the government fulfil a pledge under the Phase 1 trade deal with United States.

Under the proposed plan, the first batch of rice would be sold at about 1,000 yuan a tonne, according to two of the sources - well below half the current market price of the grain.

This rice would be sold through state firms directly to feed makers, unlike the rice sold from reserves in regular auctions to the broader market. The state firms are required to hull and shatter it first to make sure it does not enter the food market, according to the sources.

“It is totally fine to use (rice in feed.) The only problem is it might not last as long as corn after it is hulled,” said a source with a major feed producer, also briefed on the plan.

“But as long as the cost is low, feed producers would be OK to use it,” the source said.

There could be additional sales of rice and wheat, depending on the corn market situation, the sources said.

The sources declined to be identified due to the sensitivity of the matter. China’s National Development and Reform Commission, the leading decision maker behind the plan, did not respond to a fax seeking comment.

China keeps a years-old minimum purchase price programme for wheat and rice, and has built up mammoth stockpiles of the grains - more than an entire year’s consumption in the country, a top government official said in April.

Reporting by Hallie Gu and Dominique Patton; Editing by Gavin Maguire and Robert Birsel

Our Standards:The Thomson Reuters Trust Principles.

https://www.reuters.com/article/china-grains-stockpiles-exclusive/exclusive-china-plans-wheat-rice-sales-to-tame-surging-corn-prices-sources-idINKCN24M15C

 

 

DSWD thanks South Korean gov’t for P10-million rice donation

Published July 21, 2020, 8:46 AM

by Charissa Luci-Atienza 

The Department of Social Welfare and Development (DSWD) has thanked the government of the Republic of Korea for its P10 million-rice donation which is expected to benefit more than 33,000 poor households in the country.

Description: https://mb.com.ph/wp-content/uploads/2020/07/rice-1.jpgEmbassy of the Republic of Korea in the Philippines / MANILA BULLETIN

“We are grateful for your utmost consideration for our people and we hope that this partnership will continue to prosper in the years to come,” DSWD Secretary Rolando Bautista said during a recent turnover ceremony at the DSWD National Resource Operations Center (NROC) in Pasay City.

“During these trying times, we emerge stronger because of our robust partnership and unwavering engagement,” he added.

Korean Ambassador to the Philippines Han Dong-man turned over the 200 metric tons of locally-produced and well-milled rice, valued at US$200,000 or almost PhP10 million, to Bautista last July 17.

“Korea will continuously expand bilateral aid projects in the public health and social development sectors to contribute to the effort of the Philippine government in overcoming the COVID-19 crisis,” Han said.

The DSWD said the rice donation was made possible through the Emergency Rice Support Project of the Korea International Cooperation Agency (KOICA), the grant aid agency of the Korean Government.

“An estimated 33,334 households or 166,670 individuals are expected to be the recipients of the donation,” it said.

It said the rice donation was locally-sourced and benefited Filipino farmer groups from Western Visayas, including the San Miguel Farmers Agriculture Cooperative (SMFAC); Iloilo Rice Processing Complex in Pototan, Iloilo; and other local farmers’ cooperatives.

According to the DSWD National Resource and Logistics Management Bureau (NRLMB), the first batch of 100 metric tons of rice from Iloilo was received last July 8 and the second shipment of 100 metric tons arrived on July 11 and 12.

“The rice donation will be repacked by DSWD and will form part of the Department’s Family Food Packs which are being provided as resource augmentation support to local government units to help them respond to the food needs of their constituents,” the DSWD said.

https://mb.com.ph/2020/07/21/dswd-thanks-south-korean-govt-for-p10-million-rice-donation/

 

 

Rice exports primed for decade-low

PUBLISHED : 21 JUL 2020 AT 08:35

NEWSPAPER SECTION: BUSINESS

WRITER: PHUSADEE ARUNMAS

Thailand's rice exports are likely to plunge to 6.5 million tonnes this year, the lowest in a decade, from an earlier projection of 7.5 million tonnes because of a spate of negative factors, says the Thai Rice Exporters Association.

Chookiat Ophaswongse, the association's honorary president, said after a discussion with Commerce Ministry officials including Commerce Minister Jurin Laksanawisit, the group offered dim export prospects for the second half, and downgraded its rice forecast to only 6.5 million tonnes this year.

"Thailand's rice exports are hampered by a host of negative factors, be it the coronavirus crisis that weakened global demand, a strong baht that makes Thai rice more expensive, or continued drought cutting into production," said Mr Chookiat.

Description: https://static.bangkokpost.com/media/content/20200721/3697031.jpg

Thailand's benchmark 5% broken rice price is now quoted at US$520 per tonne, while rice from Vietnam and India stands at $440-450 and $360 per tonne, respectively.

"Thailand's relatively more expensive prices have led buyers to opt for grains from our competitors," he said.

In the first five months, Thailand shipped 2.57 million tonnes of rice, down 31.9% from the same period last year, with an export value of 54.2 billion baht, down 13.2% for the same period.

Description: https://static.bangkokpost.com/media/content/20200721/3697027.jpg

The top five rice importers from Thailand for the period were the US (338,769 tonnes, up 41.2% year-on-year), South Africa (231,412, down 12.6%), Angola (195,438, down 1.5%), China (120,207, down 41.6%) and Japan (116,338, up 7.9%).

Mr Chookiat said for the second half of the year, Thailand is estimated to ship about 3.5 million tonnes.

For the first half, he predicted 3 million tonnes shipped, while India and Vietnam are expected to ship 5.5 million tonnes and 3.4 million tonnes, respectively. Thailand shipped 7.58 million tonnes of rice worth 131 billion baht in 2019, down 32% and 25% from the previous year.

https://www.bangkokpost.com/business/1954663/rice-exports-primed-for-decade-low#:~:text=Thailand's%20rice%20exports%20are%20likely,the%20Thai%20Rice%20Exporters%20Association.

 

Demand slumps for Thai rice due to drought, pandemic

Thailand is the world’s second-largest exporter of rice but is likely to drop down the list this year.

by Wayne Hay

21 Jul 2020

Thailand has been relatively successful at handling the coronavirus pandemic so far, with 3,000 confirmed cases.

But its economy is taking a battering, and is expected to be the worst-affected in Asia because of its reliance on international tourism and exports.

The agriculture sector, mainly rice, is facing a particularly tough time.

Al Jazeera’s Wayne Hay reports from Bangkok, Thailand.

https://www.aljazeera.com/news/2020/07/demand-slumps-thai-rice-due-drought-pandemic-200721094322066.html#:~:text=Demand%20slumps%20for%20Thai%20rice%20due%20to%20drought%2C%20pandemic,-Thailand%20is%20the&text=But%20its%20economy%20is%20taking,facing%20a%20particularly%20tough%20time.

Water reserves at 4 dams fall to 'critical'

PUBLISHED : 21 JUL 2020 AT 07:00

NEWSPAPER SECTION: NEWS

WRITER: APINYA WIPATAYOTIN

·         92

 

·          

 

·          

 

 

Description: An Asian openbill is seen in drought-stricken rice fields in Ang Thong province. Many areas in the central region have experienced drought this year. (Photo: Pattarapong Chatpattarasill)An Asian openbill is seen in drought-stricken rice fields in Ang Thong province. Many areas in the central region have experienced drought this year. (Photo: Pattarapong Chatpattarasill)

Authorities might not be able to supply water to farmers in the Central Plains again next year, as water levels at four major dams in the region have dropped to critical levels, the Office of National Water Resources (ONWR) said on Monday.

"We won't be able to supply farmers in the dry season next year if there isn't enough water," ONWR secretary-general Somkiat Prajamwong said at a press briefing about the water shortage on Monday.

"We are doing our best to preserve what water we have left in our dams and underground, so we can use it in cases of emergency."

Water reserves at four major dams in Central Plains, namely Bhumibol, Sirikit, Pasak Jolasid and Kwae Noi Bamrung Daen dams, have hit critical levels. Bhumibol Dam in Tak -- the country's largest -- currently has only 3.9 billion cubic metres of water (m³), or just enough to meet its minimum reserve requirements.

The shortage is a pressing concern as these dams irrigate the country's largest rice cultivation area, said Mr Somkiat.

·         Shorter monsoon causing 'water stress'

·         Masterplan to protect Phuket water

Without rain to replenish reserves, Bhumibol Dam could only release 115 million m³ of water, Sirikit Dam would be able to release 417 million m³, while the Kwae Noi Bamrung Daen and Pasak Jolasid dams would discharge about 99 million m³ and 89 million m³ of water downstream, respectively.

The discharges -- totalling just over 700 million m³ -- will not be able to meet the demands from households and agricultural operations in the region, which are estimated to be about 12 billion m³ between November and May next year.

Water levels across the four dams are less than half of what they were last year. As such, Mr Somkiat said, the government may not be able to supply water for irrigation purposes next year.

If water reserves remain low next year, farmers along the Chao Phraya River basin won't be able to use water from the dams' irrigation systems for a second consecutive year, the secretary-general said.

As farmers along the Central Plains have become accustomed to planting two to three rice crops per year, the water shortage will have an impact on farmers' livelihoods in the area.

Authorities are now pinning their hopes on monsoon rains -- which are expected to peak in about two months' time -- to replenish depleted dams and reservoirs across the country.

https://www.bangkokpost.com/thailand/general/1954615/water-reserves-at-4-dams-fall-to-critical#:~:text=Water%20reserves%20at%20four%20major,dams%2C%20have%20hit%20critical%20levels.&text=The%20shortage%20is%20a%20pressing,cultivation%20area%2C%20said%20Mr%20Somkiat.

Palay Harvest In Antique Seen To Hit 250K MT

 

By Featuresdesk (ICG)

July 21, 2020

The Office of the Provincial Agriculturist (OPA) is optimistic that palay harvest in the province could reach the target of 250,000 metric tons (MT) this year.

OPA chief Nicolasito Calawag said farmers in Antique received various assistance from the Department of Agriculture (DA) that enabled them to plant early during this time of the coronavirus disease 2019 (Covid-19).

“Before the planting season for the first cropping, there had already been planting materials that had been pre-positioned by the DA for distribution to farmers,” he said in an interview Monday.

The first cropping in Antique, which covers 43,000 hectares of rice land including the 20,000 hectares irrigated rice area, starts from May to August.

He said the DA regional office in Western Visayas has allocated and delivered for farmers in Antique under the Rice Competitiveness Enhancement Fund (RCEF) inbred seed component of 36,425 bags and 17,582 bags of fertilizer components.

“Of the total 36,425 bags of seeds, we are only able to distribute as of today 32,332 bags of seeds to farmers,” he added.

Calawag said they still have 4,093 bags for distribution to farmers until the end of August.

They were also able to distribute 11,043 bags of fertilizers.

Under the Rice Resiliency Project for expanded hybrids, the province of Antique was allocated with 9,675 bags, of which 7,331 bags were actually delivered to the province.

“OPA had distributed 1,475 bags of seeds,” he said.

Calawag said there was other rice support given by the DA that allowed farmers to plant for the first cropping, which are now mostly on the vegetative stage, despite the Covid-19 lockdown.

“The DA support to farmers has really been increased as compared with those given in the previous years when the province only received a few bags of seeds and fertilizers which could be enough for about 4,000 hectares of irrigated lands,” he said.

For first cropping this year, Calawag said 80 to 90 percent of the 20,000 hectares irrigated rice lands had been subsidized or received seeds and fertilizer assistance from the DA. (PNA)

:https://pageone.ph/palay-harvest-in-antique-seen-to-hit-250k-mt/+&cd=1&hl=en&ct=clnk&gl=pk

 

 

 

 

 

 

 

More rains seen as clouds mass up over East, North-East

Vinson Kurian  Thiruvananthapuram | Updated on July 21, 2020  Published on July 21, 2020

Heavy showers predicted for Bihar and Assam

Satellite pictures on Tuesday evening showed that intense clouding over the North-Eastern States and adjoining Bangladesh as well as parts of East India has extended to Central and adjoining East India from Sagar, Jabajpur, Raipur and Kamakhyanagar and growing menacingly over Balasore, Kaharagpur, Jamshedpur, Dhanbad, Gaya, Patna, Bhagalpur, Malda, Meherpur and Kolkata.

https://www.thehindubusinessline.com/economy/agri-business/flood-warning-extended-to-parts-of-bihar-too/article32147108.ece

 

Rice Prices

as on : 21-07-2020 05:22:30 PM

Arrivals in tonnes;prices in Rs/quintal in domestic market.

Arrivals

Price

Current

%
change

Season
cumulative

Modal

Prev.
Modal

Prev.Yr
%change

Rice

Bangalore(Kar)

1801.00

-54.16

119402.00

4200

4200

-7.69

Mandya(Kar)

349.00

-54.32

17879.00

1530

2080

-

Siliguri(WB)

269.00

1.51

6165.00

3600

3600

-

Bangarpet(Kar)

266.00

-44.93

7809.00

2300

2200

-

Sultanpur(UP)

200.00

NC

6907.00

2350

2400

-14.55

Bindki(UP)

120.00

20

5560.00

2530

2500

11.95

Gondal(UP)

112.00

-5.08

7488.50

2420

2420

-1.22

Dadri(UP)

100.00

-9.09

1445.00

5950

5950

-

Lohardaga(Jha)

88.00

-2.22

1064.00

2550

2550

-

Barabanki(UP)

85.00

14.86

919.00

2470

2465

1.65

Choubepur(UP)

81.00

15.71

2066.35

2600

2550

-2.80

Ballia(UP)

70.00

16.67

2903.00

2550

2560

6.25

Kandi(WB)

65.00

30

1510.50

2650

2700

3.92

Gorakhpur(UP)

52.50

41.89

902.20

2540

2545

-

Barhaj(UP)

50.00

525

9846.00

2590

2590

8.37

Agra(UP)

49.00

96

3365.50

2540

2570

-0.78

Mainpuri(UP)

48.00

6.67

3814.50

2570

2576

-2.28

Saharanpur(UP)

41.50

12.16

2444.50

2725

2730

-6.36

Kopaganj(UP)

41.00

-10.87

1546.00

2585

2590

5.73

Aligarh(UP)

40.00

-11.11

4152.00

2540

2550

NC

Azamgarh(UP)

40.00

-11.11

5206.70

2580

2575

5.31

Raibareilly(UP)

39.50

618.18

1549.50

2465

2460

12.56

Allahabad(UP)

35.50

-21.11

2392.50

2450

2525

NC

Muradabad(UP)

35.00

NC

1457.00

2620

2630

0.77

Meerut(UP)

35.00

9.38

724.50

2780

2785

-6.40

Lakhimpur(UP)

35.00

-12.5

2641.00

2460

2450

5.58

Hardoi(UP)

35.00

-12.5

8317.80

2450

2470

-4.30

Bankura Sadar(WB)

32.00

-8.57

2166.00

2600

2600

8.33

Faizabad(UP)

30.00

-14.29

1436.00

2455

2455

3.37

Hapur(UP)

30.00

20

1062.00

2700

2700

-9.40

Muzzafarnagar(UP)

30.00

-9.09

4388.00

2780

2780

-5.76

Sahiyapur(UP)

30.00

-14.29

2443.00

2560

2580

6.67

Jhijhank(UP)

30.00

50

346.50

2500

2480

-

Lalitpur(UP)

28.00

-20

1600.50

2485

2485

-11.88

Mathura(UP)

28.00

12

2897.50

2550

2560

-0.78

Balrampur(UP)

26.00

36.84

1031.00

2430

2450

5.65

Shamli(UP)

26.00

-13.33

1098.40

2780

2780

0.72

Basti(UP)

25.50

41.67

1617.00

2550

2550

5.37

Karsiyang(Matigara)(WB)

25.20

6.78

723.80

5000

5000

47.06

Madhoganj(UP)

25.00

-21.88

3529.50

2450

2450

7.46

Durgapur(WB)

23.00

-4.17

1134.75

2780

2780

5.70

Asansol(WB)

22.56

-1.91

1176.45

3100

3100

9.15

Bareilly(UP)

20.00

233.33

1962.00

2570

2575

3.84

Kayamganj(UP)

20.00

33.33

1921.00

2510

2510

-4.92

Utraula(UP)

19.00

NC

425.70

2420

2420

-

Sirsaganj(UP)

19.00

-2.56

1068.50

2520

2510

-5.97

Chorichora(UP)

18.00

20

1411.00

2540

2545

6.50

Bharthna(UP)

17.00

13.33

2258.00

2550

2540

-3.04

Shahganj(UP)

16.00

45.45

126.00

2650

2600

13.25

Kanpur(Grain)(UP)

15.00

-70

5690.00

1300

2300

-46.94

Naugarh(UP)

15.00

114.29

3686.00

2585

2580

6.60

Raiganj(WB)

15.00

50

551.50

2900

2800

-17.14

Gazipur(UP)

14.50

20.83

2104.50

3240

3240

0.93

Farukhabad(UP)

14.00

7.69

1086.50

2480

2500

-8.15

Jafarganj(UP)

14.00

16.67

1070.00

2450

2450

4.26

Islampur(WB)

14.00

NC

648.80

3000

2850

-16.67

Rampur(UP)

13.00

-13.33

601.50

2630

2630

3.14

Robertsganj(UP)

12.50

38.89

288.60

2450

2460

3.81

Mawana(UP)

12.00

20

218.20

2770

2775

-

Rasda(UP)

12.00

20

484.00

2525

2550

1047.73

Paliakala(UP)

12.00

9.09

573.50

2450

2440

6.06

Jangipura(UP)

12.00

NC

631.00

2600

2580

11.11

Kolar(Kar)

11.00

-38.89

387.00

5116

5038

-

Atarra(UP)

10.00

25

816.50

2450

2425

4.26

Jaunpur(UP)

10.00

-50

1441.50

2050

2540

-13.14

Devariya(UP)

10.00

-13.04

1013.00

2580

2570

8.63

Chintamani(Kar)

9.00

-65.38

530.00

2500

2500

11.11

Shimoga(Kar)

9.00

-10

120.00

2125

2050

-

Etah(UP)

9.00

-25

399.00

2560

2550

NC

Ajuha(UP)

9.00

12.5

350.00

2500

2500

4.17

Karvi(UP)

9.00

-10

587.00

2425

2415

2.11

Bahraich(UP)

8.50

-39.29

1080.20

2460

2460

1.44

Banda(UP)

8.00

-33.33

335.50

2425

2430

2.75

Pukhrayan(UP)

8.00

-46.67

549.00

2560

2520

15.84

Mohamadabad(UP)

8.00

-11.11

819.80

2500

2480

-

Raath(UP)

8.00

-11.11

202.40

2350

2350

-

Indus(Bankura Sadar)(WB)

8.00

-20

1156.00

2800

2800

1.82

Unnao(UP)

7.50

50

196.80

2460

2475

-0.61

Soharatgarh(UP)

7.00

16.67

1507.70

2580

2565

7.05

Kannauj(UP)

6.50

8.33

450.60

2550

2500

-3.77

Bijnaur(UP)

6.00

-33.33

267.50

2600

2600

9.70

Kasganj(UP)

6.00

20

460.50

2570

2560

0.78

Ramkrishanpur(Howrah)(WB)

5.30

-56.2

121.40

3400

3400

13.33

Mahoba(UP)

5.00

13.64

441.60

2430

2420

7.28

Mirzapur(UP)

5.00

25

279.00

2645

2650

9.52

Auraiya(UP)

4.00

33.33

246.10

2500

2530

-1.96

Jahangirabad(UP)

4.00

-11.11

228.50

2640

2640

-1.31

Nadia(WB)

4.00

-20

255.00

3700

3700

NC

Lucknow(UP)

3.80

5.56

4956.40

2490

6700

-9.45

Fatehpur(UP)

3.60

-59.09

2260.30

2500

2510

6.84

Chhibramau(Kannuj)(UP)

3.50

-2.78

590.40

2500

2500

NC

Tundla(UP)

3.50

NC

260.00

2560

2570

-0.78

Naanpara(UP)

3.20

-27.27

651.90

2450

2440

10.36

Kosikalan(UP)

3.10

10.71

232.20

2545

2550

-0.97

Achalda(UP)

3.00

NC

330.90

2500

2500

13.12

Chitwadagaon(UP)

3.00

20

460.60

2540

2550

20.95

Fatehpur Sikri(UP)

2.80

-12.5

129.50

2575

2555

0.19

Akbarpur(UP)

2.10

5

385.20

2440

2440

3.39

Charra(UP)

2.00

25

110.60

2560

2550

1.39

Safdarganj(UP)

2.00

NC

77.50

2440

1630

-

Bishnupur(Bankura)(WB)

2.00

-33.33

196.40

2600

2650

NC

Bishalgarh(Tri)

1.80

5.88

2729.50

3600

3600

-

Baberu(UP)

1.80

20

79.60

2420

2420

8.76

Tanda Urmur(UP)

1.60

-20

8.70

2450

2400

-

Melaghar(Tri)

1.50

NC

61.20

2700

2800

NC

Mugrabaadshahpur(UP)

1.50

-50

62.60

2510

2510

12.05

Bangarmau(UP)

1.40

NC

209.60

2460

2460

6.96

Muskara(UP)

1.40

-12.5

72.60

2400

2400

3.23

Panichowki(Kumarghat)(Tri)

1.30

-13.33

49.50

2950

2970

-

Khatra(WB)

1.20

-60

103.50

2600

2650

NC

Aroor(Ker)

1.00

NC

14.00

11200

11200

20.43

Khair(UP)

1.00

NC

74.50

2580

2580

-0.77

Lalganj(UP)

1.00

NC

268.80

2350

2350

-

Balarampur(WB)

1.00

-23.08

24.23

2800

2550

8.53

Anandnagar(UP)

0.80

-11.11

209.90

2525

2535

12.22

Maudaha(UP)

0.80

-11.11

30.50

2360

2360

-0.21

Achnera(UP)

0.70

NC

39.60

2560

2560

-1.92

Published on July 21, 2020

https://www.thehindubusinessline.com/economy/agri-business/rice-prices/article32149436.ece

 

 

Top rice exporter gets more hi-tech

Sok Chan / Khmer Times 

Bloc2 enables the source of food to be found by reading the QR on its container. Supplied

 

Amru Rice (Cambodia), one of the country’s leading rice exporters, has scaled up its BlocRice technology project to 500 households in two communities in Preah Vihear province.

BlocRice project phase I had 50 household farmers in one agricultural community in Preah Vihear province. The project, a first in the Kingdom because of its usage of blockchain technology, was launched in April 2018 as a pilot programme that ended in March 2019. Its goal is to ensure farmers can sell their products at a higher price and it also enables the source of food to be identified.

The BlocRice pilot involved relevant actors in the rice supply chain with 50 farmers from the Reaksmei cooperative, rice exporter AmruRice, rice-cake producer SanoRice and Oxam Novib and Schullelaar & Partners.

After a successful pilot, demonstrating the use case and providing farmers with a digital identity, the partners decided to upscale the project to a commercially viable level, involving more farmers and providing a direct link with consumers.

The first phase was also involved in the research phase determining the living income benchmark and good agriculture practices plus technological needs. The project also monitors the progress of rice farmers towards a living income; improves farm income from rice and from other sources as a result of technical assistance and extension services; reduces operational costs through farmers’ cooperatives and gives farmers a digital identity and voice in the supply chain as well as increasing transparency in the supply chain. Retailers and consumers have real-time insight in the rice supply chain for enhanced social auditing.

“Let’s talk about agri-tech and how financial technology could be part of it. A lot of people are talking about Blockchain, big data, the internet of things (IOT), the Industrial Revolution 4.0, Smart Agriculture etc. Here we make things work by utilising Blockchain technology. It is called BlocRice phase II,” said Kann Kunthy, vice-president of Amru Rice (Cambodia).

BlocRice mainly focuses on trust, transparency and traceability. Kunthy added that in phase I, the team piloted with one agricultural cooperative (AC) with 50 households and now it is scaling up to two ACs with 500 households.

“Our goal is to utilise Blockchain technology for millions of households not only in rice but all agricultural crops. Local tech firms or individuals with block chain knowledge and expertise would be part of the future (localisation),” Kunthy said, adding that it is only possible if farmers and ACs are organised and integrated, turning them from seasonal farmers to commercial and professional farmers who are market-oriented.

“The digital infrastructure can only perform given that the physical infrastructure can support [be it logistics, transportation, post-harvest management, storage and delivery],” Kunthy added. “The ultimate goal is to train and educate ACs to become ‘agri-preneurs’.”

Prime Minister Hun Sen told farmers in Prey Kabbas district, Takeo province, yesterday that the agriculture sector must be aligned with the Industrial Development Policy 2015-2025 is to attract more foreign investment to work on processing in Cambodia.

He said that Cambodia has put a strong effort into the building of silos, warehouses and rice milling machinery. He added that Cambodia will take $400 million from China to build warehouses for paddy across the country. He is also considering lowering the electricity tariff for farmers and the agriculture sector in general and also building more physical infrastructure to support farmers.

https://www.khmertimeskh.com/50747088/top-rice-exporter-gets-more-hi-tech/

Customs arrests 41 suspected smugglers with cannabis, rice

 JULY 21, 20206:52 PMIN NEWS Kindly

Nigeria Customs Service Ola Ajayi – Ibadan Nigeria Customs Service, Oyo/Osun Area Command, has made seizure of some contrabands worth N171,001,782. The smuggled items include Cannabis, bags if fertilizers, Premium Motor Spirit, bales of used dresses, used tyres and several bags of parboiled imported rice. This was disclosed by the Comptroller of Customs, Oyo/Osun Area Command, Mrs Helen Ngozi. According to her, the command was able to arrest 41 suspected smugglers. READ ALSO: Customs set ablaze N12m worth of contraband, expired goods in Kwara She said, “The cumulative DPV for January to July 20 is N483,191,238 representing 170 per cent increase compared with the total value in 2019 which was put at N178,698,340.39. “In comparison with Description: Customs arrests 41 suspected smugglers with cannabis, riceN20,946,359,729.50 revenue collected between January and June 2019, the command made 65.4 per cent increase with a total revenue collection of N32,020,103,911.90 from January to June 2020, out of the N62,848,518,366.93 allotted to the Area Command for 2020 fiscal year.” Mrs Ngozi further noted that between May 1 and July, the Oyo/Osun Area Command intercepted 500 drums of 100 litres each of PMS and 320 kegs of 25 litres each of PMS was seized within the period. “One truck-load containing 800 bags of NPK fertilizer with DPV of N18,702,000 without end-user certificate was also seized. READ ALSO: Customs rakes in #19.5 million in Ogun in three months “Other seizures made include 2,054 bags of 50 kilogrammes each of imported parboiled rice with DPV of N82,776,200; a total of 85 bales of second-hand clothing with DPV of N16,680,919; and 480 units of used tyres with DPV of N10,428,048” “The items were conveyed with a Mazda 323 valued at N1,158,790; a Volkswagen Passat with DPV of N724,238; Mitsubishi Lancer with DPV of N1,838,017; three units of used Volkswagen Golf with DPV N3,259,068; and one used Volvo car with DPV of N2,896,950. “Other items that were recovered are one Ford Galaxy (N3,621,188); used Bedford Pick Up with DPV N1,303,628, and one used DAF truck with DPV of N10,906,294.” Vanguard

https://www.vanguardngr.com/2020/07/customs-arrests-41-suspected-smugglers-with-cannabis-rice/

Nigeria: Customs Kwara Area Command Destroys 927 Bags of Poisonous Rice, Other Items

22 JULY 2020

Vanguard (Lagos)

 

By Demola Akinyemi

The Nigeria Customs Service, Kwara State Area Command Tuesday in Ilorin destroyed seized food items said to be dangerous for human and animal consumption.

Items that were set ablaze in the presence on newsmen included 927 bags of foreign rice, 123 bags of semolina of 10Kg each, 25 bags of semolina of 5kg each and 35 cartons of mamador vegetable oil.

Earlier, the Head of Kwara Area of the Nigeria Customs Service, Comptroller Hussaini Ahmed,

told journalists that the Area Command had between January and June 2020 generated the sum of N2,343,952.86 into the coffers of the federal government.

He said, "From January to June this year alone this zonal command has remitted the sum of Two billion, three hundred and forty-three million, nine hundred and fifty-two thousand, three hundred and twenty-two Naira eighty-six kobo (₦2,343,952,322.86)into the Federal Government account as revenue generated.

"It is no longer news that COVID- 19 has affected virtually every aspect not only the nation's economy but world at large. In the month of April 2020, the Command recorded zero revenue which is as a result of the lockdown. In May 2020, we were able to bounce back and surpassed what we generated in March 2020 with Two Hundred and Eighty-Seven Million Nine Thousand Four Hundred and Fifty-Six Thousand Forty-Eight Kobo (₦287, 009,456.48)"

"Today, I make bold to say that since my assumption of office in Kwara Area Command we have so far generated the sum of Four Billion Seven Hundred and Forty-Eight Million Two Hundred and Seventy Thousand Three Hundred and Sixty Five Naira Thirty Four Kobo (₦4, 748,270,365.34) and remit same to Federation account".

He said the Command has made an unprecedented number of seizures including 2,598 Bags of foreign rice, 34 kegs of vegetable oil of 25 liters each, 41 units of various types of used vehicles, 372 jerry cans of PMS of 25 liters each and 3,742 kg of Cannabis Sativa popularly known as marijuana.

Ahmed, who decried the activities of smugglers despite the closure of the nation's land borders warned them to steer clear of the Area Command or meet their waterloo.

https://allafrica.com/stories/202007220168.html

 

UA names interim head of Stuttgart rice station

   

The University of Arkansas System Division of Agriculture named Karen Moldenhauer, Ph.D, interim director of the rice station at Stuttgart.

Moldenhauer had already announced her June 30 retirement when Bob Scott, director of the Rice Research and Extension, said he needed to visit with her.

A professor and rice breeder for the Division of Agriculture since 1982, Moldenhauer knew what was coming. After all, Scott had just accepted an offer to become director of Arkansas’ Cooperative Extension Service.

By the time Scott said, ”‘I want to talk to you about something,’ I’d already talked to my husband about it. I was prepared,” she said.

“I am very thankful to Dr. Moldenhauer for taking on this leadership role,” said Jean-Francois Meullenet, director of the Arkansas Agricultural Experiment Station, the research component of the Division of Agriculture. “I know she will be an outstanding director while we conduct a national search.”

“Karen has been at the station for a long time and nobody is better positioned to assume this role,” Scott said. “I also appreciate her dedication as she has delayed her retirement for a few months while we search for a permanent replacement.”

NOT HER FIRST RODEO

After all, it wasn’t the first time Moldenhauer was in this position, having served as interim director for the center in 2001-2002.

Putting off retirement plans is no small thing, but she was philosophical.

“It’ll give me a chance to finish out my work this season,” she said. “I’m looking at what lines to advance to the Arkansas Rice Performance Trials, lines we’d like to advance to the rest of the program, working on Provisia crosses, Clearfield material — the whole breeding program.”

Plus, the Moldenhauers were going to retire to a place in her native state of Iowa.

“They’re still working on renovations to the house,” she said.

Moldenhauer said her predecessor has not only made her job as interim easier, but also for whomever is appointed director.

“Bob has done a great job for this station,” she said. “I think it’s in a lot better shape with many infrastructure updates and improvements and administration has been very supportive of the work we’re doing.”

DEEP EXPERIENCE

Moldenhauer received a bachelor’s degree in biology from Iowa State, followed by a master’s in plant breeding and cytogenetics from North Carolina State. She returned to Iowa State for a Ph.D. in plant breeding.

During her 38-year tenure at the Division of Agriculture, 38 rice cultivars have been released to producers which have been grown on 21 million acres.

Moldenhauer’s primary research focuses on improving grain yield, cooking quality characteristics and disease resistance. Her releases Drew, Kaybonnet, and Katy were the first commercially available cultivars with resistance to all of the common blast races in the southern U.S. growing region. They have provided a source of rice blast resistance to the rice breeding groups in Louisiana, Mississippi and Texas.

Cultivars released under her direction helped state average rice yields to increase from 95 bushels per acre in 1982 to as high as 168 bushels per acre in 2013 and 2014. These varieties have averaged between 50 and 60 percent of the rice acreage in any given year from 1982 until 2009, when the hybrids became popular. Since then the Arkansas varieties have averaged between 20 and 30 percent of the Arkansas acreage. Her 2016 release, Diamond, was grown on 20 percent of the state’s rice acreage in 2018.

In 2002, Moldenhauer was named the first holder of the Rice Industry Chair for Variety Development in 2002, a position she still holds.

“She has nearly 40 years of experience and with that wealth of experience she brings to the table she’s a welcome addition in that role,” said Nathan Slaton, assistant director of the Arkansas Agricultural Experiment Station.”

NATIONAL SEARCH

With the faculty and staff and slate of improvements at the center, Scott said he expects “that the position of director to be a very desirable job and I know our search will go well.”

The Division of Agriculture will hold a national search for a new Rice Research and Extension Center director. Details: https://division.uaex.edu/jobs/default.aspx or https://aaes.uark.edu/research-locations/rice-research-extension-center/.

The University of Arkansas System Division of Agriculture offers all its Extension and Research programs and services without discrimination.

To learn more about extension and research programs in Arkansas, visit www.division.uaex.edu. Follow the agency on Twitter at @AgInArk@uaex_edu or @ArkAgResearch.

www.swtimes.com/news/20200721/u

 

Grocery prices are starting to rise

/

.

The inflation in prices of groceries seems to be accelerating the world towards recession. Popular variety of rices are seeing a price appreciation of about five rupees, per kilogram. Steamed rice, one of the most popular varieties of rice in the State, which was previously priced at Rs 38 per kg, is now costing close to Rs 45 per kg.

Similarly, raw rice has seen a price rise from Rs 54 to Rs 58, sugar from Rs 36 to Rs 39/40. Tur Dal, one of the key ingredients for sambar, has gone up from Rs 94 to Rs 99 per kilo. Oil prices too have seen a revision, with sunflower oil costing Rs 110, as opposed to Rs 95 per litre, groundnut oil going up from Rs 95 to Rs 110 per litre. Most of the millets which used to be sold for Rs 75 have almost touched RS 90 per kilo.

Haris S, who runs a retail shop said, “Labour shortage has restricted the movement of goods and is one of the key reasons for the price rise.” Sridhar S, a wholesale dealer at the APMC yard said, “The prices of bullet rice has gone up due to delay in paddy procurement. The bullet rice comes from Maharasthra and Andhra Pradesh while the idli rice is supplied from Tamil Nadu, getting anything from outside the State has become difficult.”

Karnataka State Millers’ Association has blamed the price revision due to low supply. Vagish Swamy, one of the rice mill owners and part of this association said, “The free rice scheme which has been launched by the government after the lockdown has caused a scarcity of the product.

 

Description: .

.


Additionally, a severe shortage of labourers has affected the harvest, leading to low supply and eventually price rise.”

Among vegetables, tomato prices have plunged, with it being sold anywhere between Rs 30 to Rs 50. Other vegetable prices have so far remained the same.



Kolar, which is considered Karnataka’s tomato basket is seeing a renewed activity. Sources said that the tomatoes from Kolar have got a lot of demand and are being supplied to northern states as well as being exported to countries like Bangladesh and Afghanistan. The tomato traders say that the prices of tomatoes are expected to remain high till August.

https://bangaloremirror.indiatimes.com/bangalore/others/grocery-prices-are-starting-to-rise/articleshow/77096081.cms

 

 

 

Pakistan wheat production ticks up

Photo: Adobe stock

07.22.2020

By Holly Demaree-Saddler

ISLAMABAD, PAKISTAN — Despite a slight boost in wheat production Pakistan still falls short of its targets of 27 million tonnes for the current year, according to a Global Agricultural Information Network report from the US Department of Agriculture (USDA).

The current year’s wheat production forecast is 25.5 million tonnes, a 1.2-million-tonne increase over the previous year. Pakistan procured 6.5 million tonnes of wheat from this year’s harvest, about 80% of its goal, the USDA said. The country sought to increase it wheat reserve due to the uncertainties of the coronavirus (COVID-19) pandemic.

In June, Pakistan lifted the 60% wheat import duty for the private sector, and it will remain in place until further notice.

The country also is dealing with possible locust infestations on top of COVID-19. According to the USDA, Pakistan has enough wheat stocks for the current marketing year and may import around 600,000 tonnes to build reserves.

No significant damage by the locusts to Pakistan’s rice crop have been reported. It is the second wave of infestation in the country. The government has been able to confine the swarms to desert areas and some bordering districts.

The USDA anticipates another swarm to enter the country from East Africa in July, which could damage Pakistan’s rice crop as it will be in the flowing stages.

According to the Food and Agriculture Organization of the United Nations (FAO), wet or rainy weather provides favorable conditions for locusts to breed.

The Pakistan Meteorological Department forecasts above-normal rainfall for the 2020 monsoon season. The country is expected to receive 10% more rain than normal. Pakistan’s monsoon season starts in July and ends in September. The USDA projects Pakistan’s market year 2020-21 rice production to total 7.4 million tonnes.

Pakistan’s rice exports increased after India applied lockdown measures in response to COVID-19. Pakistani rice exports increased 59% to $420 million in April 2020, the report said. The USDA’s market year 2019-20 rice exports for Pakistan remains unchanged at 4.4 million tonnes.

Follow our breaking news coverage of the coronavirus/COVID-19 situation.

https://www.world-grain.com/articles/13988-pakistan-wheat-production-ticks-up

DSWD receives rice donation from South Korea for COVID-19 relief

Aileen Cerrudo   •   July 22, 2020   •    30

The Department of Social and Welfare and Development (DSWD) has received rice donation from the Government of the Republic of Korea for the country’s response to the coronavirus disease (COVID-19) pandemic.

DSWD Secretary Rolando Joselito D. Bautista received the donation from Korean Ambassador to the Philippines Han Dong-man in a simple turnover ceremony on July 17.

The donation is a total of 200 metric tons of locally-produced and well-milled rice with an estimate worth almost P10 million. The rice stocks were sourced from Filipino farmers groups from Western Visayas and will be distributed to an estimated 33,334 households or 166,670 individuals.

Bautista expressed his gratitude to the Government of the Republic of Korea for the aid and emphasized that the donation represents the goodwill and warm-heartedness of the South Korean people towards Filipinos.

“During these trying times, we emerge stronger because of our robust partnership and unwavering engagement,” he said. AAC

Face-to-face classes sa low-risk areas, hindi mandatory – DepEd

 

Robie de Guzman   •   July 22, 2020

MANILA, Philippines – Nilinaw ng Department of Education na hindi mandatory at hindi maaaring pilitin ang mga estudyante o magulang na papasukin ng pisikal sa eskwelahan ang kanilang mga anak.

Ginawa ng DepEd ang paglilinaw matapos magpahayag ng agam-agam ang marami sa pagpasok sa mga paaralan sa gitna ng pandemya kasunod ng desisyon ni Pangulong Rodrigo Duterte na payagan ang pagsasagawa ng face-to-face classes sa mga lugar na mababa ang kaso ng coronavirus disease.

Sa panayam sa UNTV program na Get It Straight with Daniel Razon, binigyang-diin ni Education Undersecretary Diosdado San Antonio na hindi compulsory o sapilitan ang pagpapasok sa mga mag-aaral sa face-to-face classes kung nangangamba sila para kanilang kalusugan.

Ani San Antonio, ang limited face-to-face classes ay bahagi lamang ng mga paraan o sistema ng pag-aaral na maaaring pagpilian ng mga magulang at estudyante para sa darating na pasukan.

“Yun pong pinapanindigan natin sa DepEd ay irerespeto po natin yung desisyon ng mga pamilya so kahit po doon sa mga lugar na pinapayagan ang limited face to face. Kung ang mga magulang po o bata mismo ay hindi kumportable at nag-aagam agam na kapag sya ay pupunta sa paaralan ay mae-expose po siya sa COVID-19 papayagan pa rin po sya na maipagpatuloy ang pagaaral gagamitn ang distance learning modality,” sabi ng opisyal.

Muli ring iginiit ni San Antonio na papayagan lamang ang limited face-to-face classes sa isang lugar kung hihilingin ito ng lokal na pamahalaan. Dapat rin aniyang matiyak ang kahandaan ng mga paaralan sa pagpapatupad ng mahigpit na health at safety protocols bago ito pahihintulutan.

Sa ngayon ay isinasapinal pa ang magiging protocol para sa face-to-face classes.

Nilinaw rin ng DepEd na sa Enero 2021 pa ito ipatutupad at dalawang beses lamang sa isang linggo kung gagawin.

Samantala, bagaman opisyal nang natapos ang enrolment period ay patuloy pa ring tatanggap ng enrollees ang mga pampublikong paaralan, ayon sa DepEd. – RRD (mula sa ulat ni Correspondent Joan Nano)

https://www.untvweb.com/news/face-to-face-classes-sa-low-risk-areas-hindi-mandatory-deped/

 

Seasonal export(ers)

BR Research 22 Jul 2020

Description: https://i.brecorder.com/primary/2020/07/5f1715ddef1aa.jpg

Food group exports during FY20 have in no way disappointed. Over the last decade – on the other hand – they disappointed thoroughly. According to Advance Releases by PBS, food group exports saw earnings trimmed by the smallest margin compared to other major commodity groups such as textile, petroleum, or surgical goods.

Description: https://i.brecorder.com/large/2020/07/5f1711210e824.jpg

In a year of pandemic led pandemonium, that’s good news. Even better news is that excluding subsidy-based exports of wheat and sugar in past years, food group exports in fact managed to grow by 1.1 percent despite lockdown and a secular slowdown in global trade.

But that’s where the good news ends. Quantum of exports also expanded (or at least held its ground) in major segments such as basmati rice, fruits, and meat; that much was expected. Past episodes of strong currency devaluation indicate that commodity-based exports are usually the first to gain from sudden improvement in price-competitiveness. Note that the extent of currency devaluation since FY18 is the largest for at least the past two decades.

Description: https://i.brecorder.com/large/2020/07/5f171121d5f25.jpg

Yet, unlike the last devaluation episode of FY09-FY10, growth in food group/commodity exports during the past two fiscals has been puny, if not dismal. While optimists may be quick to attribute stunted growth during FY20 to Covid-19; were it not for the subsidies extended to surplus output of wheat and sugar, food group commodity exports would have in fact declined during FY18 & FY19, when the precipitous decline in currency value began.

Understandably, lack of improvement in exports is no reason to keep currency overvalued, for if exports are stagnant, an overvalued currency will only further exacerbate the trade deficit as witnessed during the last regime. However, the failure to improve export earnings – especially that of bottom-of-the-pyramid primary commodities – despite massive devaluation is a missed opportunity that raises several questions.

Description: https://i.brecorder.com/large/2020/07/5f171121de61a.jpg

Did weak commodity prices play a role? Partly. Back in FY10-11, unit price of basmati rice – Pakistan’s only high-value crop - averaged at close to $800 per ton, which in FY20 came out at just $522 per ton. In fact, basmati prices are on a decline for at least past three years, which does make the gain in volume during the same period an achievement.

Curiously, Pakistan has in fact lost volume on its largest food group exports – Other or Irri & hybrid rice varieties. Recall that Other rice had become the largest food group exporting product by a wide margin, contributing as much as one-third of total category earnings. Yet, despite an annual 3 percent increase in per ton prices fetched by Other rice over the past four years, volume exported has been on a downward trajectory, falling short by 3.5 percent on average every year.

Description: https://i.brecorder.com/large/2020/07/5f17112211aeb.jpg

And that draws attention to the productivity and capacity challenge endemic to Pakistan’s commodity-based exports. While a leading competitor in basmati, Pakistan’s contribution to global Irri and hybrid rice trade is puny. Because Irri/hybrid and basmati have vastly different target markets, there is also no inverse relationship in global demand. The unfortunate trend, however, is explained by Pakistan’s weak capacity to export, which fails to cater to demand when the opportunity presents itself in the form of currency devaluation and domestic producers suddenly discover a newfound price competitiveness.

The story of “non-rice” other half of food group exports is no different. Meat exports, for example, are back in competition in Middle Eastern markets based on pricing. As Faisal Hussain, CEO of The Organic Meat Company Limited explained in an interview to BR Research, Pakistani players undercut both each other and the competition by offering lower rates backed by better currency terms. There is little effort to develop and penetrate the market on durable basis, such as value-addition and supply chain development. Meat export category, for example, would do well to seek both licenses and cold chains for by-sea exports, yet exporters may be happier in making a quick buck.

Description: https://i.brecorder.com/large/2020/07/5f171122486c0.jpg

Which brings the story to the second, yet possibly a more menacing threat endemic to all of Pakistan’s export-oriented industries. Business diversification by Pakistani exporters – both medium and large-scale alike - over the past 15 years, has turned Pakistan’s exporting classes whether textile, rice, meat, or surgical instruments, into seasonal exporters. While diversification as a financial strategy is a valuable idea to maximize returns on portfolio allocation, it has inadvertently cost country’s exports – both in terms of earnings and business focus.

Over the past decade, traditional exporting firms/groups have flocked to other industries such as real estate, power and energy (IPPs), equities, hospitality, domestic retail & shopping malls, etc in search of better returns. This reallocation of finite investment capital has come at the cost of expansion in export-oriented segments. While the outcome for Pakistan’s largest exporting sector textile has been fairly obvious as it remains stuck in low value-added products, food group commodities performance over the past two years must come as a ruder shock.

Description: https://i.brecorder.com/large/2020/07/5f171122dc738.jpg

That over 50 percent devaluation of currency in two years has proven insufficient to meaningfully improve the quantum of primary commodities whether rice, fish, fruits, vegetables or meat, whilst still others such as wheat and sugar require subsidies points towards the deep productivity challenges that have resisted improvement in crop yields. Far from gaining on food group exports during a future commodity price boom, the productivity challenge may soon turn Pakistan into a food-insecure nation, chaotically subsidizing and banning food exports from year to one another to deal with domestic shortfalls. If that sounds too pessimistic, look no further than wheat and sugar.

https://www.brecorder.com/news/40006930/secp-organizes-awareness-session-on-gem-and-concept-of-shelf-registration

 

Customs intercepts 58,000 litres of PMS, 2,054 bags of rice, 800 bags of fertilizer

Published

 

 

By Musliudeen Adebayo

 Description: https://dailypost.ng/wp-content/uploads/2019/07/Customs.jpeg

The Nigeria Customs Service (NCS) Oyo/Osun Area Command has said it intercepted fifty-eight thousand litres of Premium Motor Spirit (PMS) also known as petroleum during operations.

Customs Area Controller, Mrs. Helen Ngozi made this known while addressing a press conference at the Command’s headquarters in Ibadan, the Oyo State capital.

Ngozi while showcasing the seizures made by the command in the last three months, added that the command also seized two thousand and fifty-four bags (2,054) bags of (50kg) foreign rice, 800 bags of fertilizer and other items.

Ngozi while maintaining that the items were intercepted at different locations within the Oyo and Osun states added that other items seized include 340 compressed blocks of cannabis, 84 bales of second-hand clothing, 480 units of used tyres and 10 units of means of conveyance.

Ngozi said that the total Duty Paid Valued (DVP) of the seizures between May and July stands at N171,001,782.

 

She said that the total number of the seizures made is 48 and while the number of detentions is 41.

Ngozi while speaking further, said that the command has generated a total sum of N32,020,103,911 between January and June out of the N62,848,518,366 allotted to it for 2020 fiscal year.

“Between 1st May and 20th July 2020, Oyo/ Osun Area Command has made various categories of detentions and seizures as enumerated below. 500 drums of 100 liters of each PMS, 320 kegs of 25 liters each of PMS, 340 compressed blocks of Cannabis Sativa, one truck containing 800 bags of NPK fertilizer.

“Other seizures include 2,054 bags of 50kg each of foreign parboiled rice, 85 bales of second-hand clothing, 480 units of used tyres.

“The success has been made possible by the resilient and vigilant officers of the command, their gallantry, effort and experience have been really appreciated.

“Let me sound a not of warming to those that like to be on the wrong side of the law with illicit activities, that the long arm of the law will continue to catch up with them”.

https://dailypost.ng/2020/07/21/customs-intercepts-58000-litres-of-pms-2054-bags-of-rice-800-bags-of-fertilizer/