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Global Basmati Rice Market Analysis, Research, Growth, Trends and Industry
Outlook 2016
The new report on QYResearchReports.com, titled ‘Global Basmati Rice
Industry 2016 Market Research Report’, examines the global basmati rice market
in detail. The report details data regarding the global market for basmati rice
and the underlying industry for the period from 2010 to 2015. Furthermore,
based on this accurate historical data, 2016 data for the basmati rice market
is also supplied in the report.
March 17, 2016 05:05 ET|
Source: QY Research Reports
Albany, NY, March 17, 2016 (GLOBE NEWSWIRE) -- The report consists of
primary and secondary research perused and dissected by experienced industry
analysts, supplemented by expert opinions. This provides a detailed look into
the insights to be obtained from the historical data regarding the market.
The report begins with an industry overview, consisting of definition and
classification of basmati rice and its industry chain structure. Basmati rice,
which is a long variety of rice, originated in the Indian subcontinent and has
now become popular all over the world owing to its characteristic fragrance.
The market for basmati rice thus has strong growth prospects in the coming
years. For more info, get a Sample PDF: http://www.qyresearchreports.com/sample/sample.php?rep_id=520767&type=E
The report includes analysis of the data regarding the global basmati rice
industry in three tiers: first as the global level, then with the major broad
regional markets highlighted, and then the most active national basmati rice
markets described in detail.
The production and capacity of the basmati rice industry around the world is
listed in the report’s examination of the global market. Production prices and
their relation with the sales prices and profit margins in the global basmati
rice industry are also examined in the market report. Supply and demand
dynamics of the global basmati rice industry are also examined in the report,
with the detailed study of the industry chain of the basmati rice market
complementing the study of the economic factors in the report to present a
detailed financial factsheet for established as well as new entrants in the
global basmati rice market.
Asia, North America, and Europe are the three major regional segments of the
global market for basmati rice. Asia leads the global basmati rice market,
due to the traditional dominance of India and Pakistan in basmati rice
production. The financial and production statistics for these three segments
during the historical study period from 2010 to 2015 are provided in the
report. Rounding off the geographical analysis of the global basmati rice
industry is an overview of the Rest of the World market for basmati rice, which
consists of major and rapidly evolving countries such as South Africa, Brazil,
the GCC countries, Russia, and Argentina. Browse Report description and TOC: http://www.qyresearchreports.com/report/global-basmati-rice-2016-market-research-report.htm
The national basmati rice markets in India, China, England, the U.S., and
Thailand are examined in detail in the report, providing detailed data about
the major basmati rice markets around the world.
The demand pattern and financial trends in the basmati rice industry are
predicted for the period from 2016 to 2021. The report also profiles major
players in the global basmati rice industry such as COFCO, Hamsons, Riviana,
Charoen, Hai Rice, and Coocosun. Related Report:
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Government of Mali Forecasts MY 2016-17 Paddy Rice Output to Increase 11%
y/y to 2.7 Million Tons
Mar 17, 2016
The government of Mali
forecasts MY 2016-17 (May - April) paddy rice output at around 2.712 million
tons, up about 11% from around 2.451 million tons produced in 2015-16, Reuters
quotes a government document.
Mali is reportedly
planning to invest around 51 billion CFA francs (around $86.23 million) during
the year to boost paddy rice production. Of this, about 37 billion CFA francs
(around $62.56 million) will be used to purchase fertilizer and other inputs,
as well as for improvements in irrigation facilities.
The government is
expecting a surplus of around 484,617 in MY 2016-17. "The sale of this
rice surplus could generate gross revenue of around 145.385 billion CFA francs
(around $245.81 million) in favour of the producers," said the document.
Mali's paddy rice
production in My 2015-16 fell short of the target by around 141,000 tons due to
the late arrival of seasonal rains.
Mali is the second
largest rice producing nation in Africa after Nigeria, and produces over 85% of
the country’s domestic rice demand of about 1.65 million tons. USDA estimates
Mali to produce 2.451 million tons or paddy (about 1.593 million tons, basis
milled) in MY 2015-16 (October - September), up from last year's 2.168 million
tons (around 1.409 million tons, basis milled). It estimates Mali to import
130,000 tons in 2016.
Myanmar Rice Prices Increase Sharply in February 2016 Due to Tighter
Domestic Supplies, Says FAO
In a special report on
Myanmar, the UN's Food and Agriculture Organization (FAO) says that Myanmar's
average domestic rice prices increased about 37% in February 2016 due to
tighter domestic supplies. The prices have actually declined during the harvest
period between October and December 2015 after increasing sharply during August
and September 2015 due to a strong depreciation of the Kyat, increasing exports
and concerns of declining production due to floods.
The FAO reports that
rice exports to China have increased significantly due to increasing Chinese
demand as well as the ease with which rice can be transported to China. This
also increased prices in Myanmar.
The UN agency
estimates Myanmar's 2015 paddy production at around 27.5 million tons(including
22.81 million tons from the monsoon crop and around 4.678 million tons from the
secondary crop) down about 3% from around 28.193 million tons in 2014. The
decline in production is attributed to Cyclone Komen made landfall in Myanmar
at the end of July 2015 causing extensive flooding to agricultural land, which
remained submerged in some areas until September 2015. Once the water receded,
a large portion of the flooded areas with paddy was replanted. Overall, the
amount of irreversible damage was limited, says the FAO.
It estimates Myanmar's
2015 total rice area at around 7.052 million hectares, down from last year's
7.152 million hectares; and the average yield at around 3.9 tons per hectare,
down from last year's 3.94 tons per hectare.
The FAO forecasts MY
2015-16 rice exports at around 1.55 million tons, down 4% from last year.
Exports are expected to decline as the government may want to maintain
consumption at normal levels following decline in production due to floods.
However, the FAO expects larger volumes of rice are exported unofficially and
due to the depreciation of the national currency, formal and informal exports
to China are expected to remain steady.
USDA Post Forecasts Mexico MY 2015-16 Rice Imports to Slightly Decline y/y
to 690,000 Tons
Mar 17, 2016
The USDA Post
forecasts Mexico's MY 2015-16 (October - September) rice imports at around
690,000 tons, slightly down from around 698,000 tons last year, and down from USDA's
official estimates of around 700,000 tons based on the import pace in the first
four months of the marketing year. It forecasts Mexico's MY 2016-17 imports to
increase to 750,000 tons.
The Post forecasts
Mexico's MY 2015-16 paddy rice production at around 223,000 tons, down from
around 261,000 tons last year, and up from USDA's official estimates of around
223,000 tons. It expects the planting area during the year at around 39,000
hectares, down from last year's 44,000 hectares, and up from USDA's official
estimates of around 33,000 hectares. Production and planting area in MY 2016-17
are forecasted at around 240,000 tons and 42 hectares respectively.
Decline in production
and planting area is attributed to adverse weather conditions and the
lack of planting different rice varieties than the usual “Philippine Miracle”
variety traditionally planted in Mexico. Outbreak of a rice plague called
"Sogata" is also one of the reasons for the decline in production.
However, planting of more long-grain varieties, , efficient use of main and
secondary canals for irrigation and drainage in rice arable areas, and
electrification of irrigation systems for new rice areas are expected to
increase production in MY 2016-17.
The Post forecasts
Mexico's MY 2015-16 rice consumption to slightly decline from the previous
year, but it forecasts consumption to increase next year due to an expected
increase in population.
It forecasts MY
2015-16 and MY 2016-17 stocks at 123,000 tons and 156,000 tons respectively.
Oryza U.S. Rough Rice Recap - Prices Firm Slightly despite Worst Weekly
Export Sales this Marketing Year
Mar 18, 2016
Analysts note that
offers from buyers and resellers increased with the board today; however, most
farmers insist that current prices are below their cost of production and they
will need to stay on the sidelines until prices recover.
The USDA reported that cumulative net export sales for the week that ended on
March 10 totaled 21,300 tons, a decrease of 85% from the previous week and
78% lower than the prior 4-week average.
Increases were reported for the following destinations: 9,800 tons to
Mexico, 6,200 tons to Guatemala including 6,300 tons switched from unknown
destinations and decreases of 100 tons, 4,800 tons to Panama, 2,400 tons to
Canada, and 800 tons to Taiwan which was partially offset by reductions of
5,300 tons from unknown destinations.
U.S. rice exporters shipped 75,500 tons, an increase of 29% from than last week
and 49% higher than the prior 4-week average.
Increases were reported for the following destinations: 32,500 tons to Mexico,
14,000 tons to Colombia, 6,600 tons to South Korea, 6,200 tons to Guatemala,
and 5,400 tons to Panama.
Oryza CBOT Rough Rice Futures Recap - Chicago Rough Rice Futures Find
Follow-through Buying Interest as Some Market Participants See Bullish Turn in
Market Direction
Mar 18, 2016
Chicago rough rice
futures for May delivery settled 6 cents were cwt (about $1 per ton) higher at
$10.545 per cwt (about $232 per ton). The other grains finished the day with
mixed results; Soybeans closed about 0.4% higher at $8.9775 per bushel; wheat finished
about 1.8% lower at $4.6250 per bushel, and corn finished the day about 0.1%
higher at $3.6850 per bushel.
U.S. stocks traded
higher Thursday, with industrial stocks leading as FedEx jumped more than 10%
following a better-than-expected earnings report. A rise in oil also supported
stocks, with U.S. crude oil futures briefly topping $40 a barrel for the first
time since December. Energy was the third-best performer in the S&P 500 in
midday trade. In economic news, leading indicators for February rose 0.1%.
January's Job Openings and Labor Turnover Survey showed a separations rate of
3.4% versus a revised 3.6% in December, according to StreetAccount.
Weekly jobless claims
came in at 265,000. The March Philly Fed index was 12.4 versus minus 2.8 for
February. In afternoon trade, the Dow Jones industrial average traded up 154
points, or 0.9%, to 17,481. The S&P 500 traded up 13 points, or 0.67%, to
2,040, with materials leading nine sectors higher and health care the only
decliner. The Nasdaq composite traded up 11 points, or 0.24%, to 4,775. Gold is
seen trading about 2.8% higher, crude oil is seen trading about 3.6% higher,
and the U.S. dollar is seen trading about 1.2% lower at about 1:00pm
Chicago time.
Wednesday, there were
557 contracts traded, up from 288 contracts traded on Tuesday. Open interest –
the number of contracts outstanding – on Wednesday decreased by 111 contracts
to 12,384.
Global Rice Quotes
March 18th, 2016
Long grain white rice - high quality
Thailand 100% B grade 380-390
↔
Vietnam 5% broken 375-385
↔
India 5% broken 365-375
↔
Pakistan 5% broken 335-345
↔
Myanmar 5% broken 420-430
↔
Cambodia 5% broken 420-430
↔
U.S. 4% broken 440-450
↔
Uruguay 5% broken 445-455
↔
Argentina 5% broken 435-445
↔
Long grain white rice - low quality
Thailand 25% broken 355-365
↔
Vietnam 25% broken 355-365
↔
Pakistan 25% broken 305-315
↔
Cambodia 25% broken 400-410
↔
India 25% broken 335-345
↔
U.S. 15% broken (sacked) 460-470
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 375-385 ↔
Pakistan parboiled 5% broken stxd NQ ↔
India parboiled 5% broken stxd 350-360 ↔
U.S. parboiled 4% broken 480-490
↔
Brazil parboiled 5% broken 520-530
↔
Uruguay parboiled 5% broken NQ ↔
Long grain fragrant rice
Thailand Hommali 92% 670-680
↔
Vietnam Jasmine 460-470
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 755-765
↔
Brokens
Thailand A1 Super 335-345
↔
Vietnam 100% broken 345-355
↔
Pakistan 100% broken stxd 285-295
↔
Cambodia A1 Super 345-355
↔
India 100% broken stxd 265-275
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 280-290
↔
Brazil half grain NQ
↔
All prices USD per ton, FOB vessel, oryza.com
VFA Forecasts Vietnam to Export 1.3 Million Tons of Rice in First Quarter
of 2016, Up 56% from Last Year
Mar 17, 2016
Vietnam's rice exports
more than doubled to around 856,219 tons during the first two months of 2016
from around 425,980 tons exported during the same period last year. The General
Secretary of the Vietnam Food Association (VFA) attributes this increase to the
unexecuted orders from last year, according to Saigon News.
"There had been
too many orders to handle last year, including some large government contracts
with Indonesia and the Philippines," he was quoted. He noted that white
rice exports almost increased five times from the same period last year.
Exports of glutinous rice also surged due to high demand from China, and
exports of fragrant rice continued to grow steadily due to increased demand
from China and Africa, he said.
He noted that the VFA
is expecting Vietnam to export around 1.3 million tons of rice in the first
quarter of 2016 as the number of unexecuted contracts is at around 1.4 million
tons.
The official noted
that stocks with exporters have fallen to 81,140 tons compared to around one
million tons during the same time last year and so he is expecting them to buy
more rice from farmers. Higher demand from exporters and an expectation of
lower output from the winter-spring crop in the Mekong Delta is pushing up
domestic prices, he said.
Last week, wholesale
prices of IR50404 and OM 4900 rice varieties increased about VND 200-300 per
kilogram (around $9 - $14 per ton) to around VND 6,700-6,800 per kilogram
(around $305 - $309 per ton) and VND 7,600-8,000 per kilogram (around $346 -
$364 per ton) respectively, according to local sources. Prices of IR50404 and
OM 4900 paddy varieties also increased about VND 300-500 per kilogram (around
$14-$23 per ton) to around VND 4,600-4,650 per kilogram (around $209 - $212 per
ton) and VND 4,900-5,200 per kilogram (around $223 - $237 per ton)
respectively. Due to increasing prices, the VFA has decide not to
purchase rice for temporary storage this year.
Export quotes of
Vietnam rice have also increased over the last one week. Vietnam 5% and 25%
broken rice exports have increased to around $380 per ton from around $370 per
ton last week. Meanwhile, the MARD officials are expecting a stiff competition
for Vietnam rice exports this year from India, Thailand and Pakistan.
Thailand, India Rice Sellers Increase Their Quotes Today; Other Asia Rice
Quotes Unchanged
Mar 17, 2016
Thailand rice sellers
increased their quotes for 5% broken rice, parboiled rice, A1 super rice and
Hommali rice by about $5 per ton each to around $370-$380 per ton, $375-$385
per ton, $335-$345 per ton and $670-$680 per ton respectively today . India
rice sellers increased their quotes for 25% broken rice by about $5 per ton to
around $335-$345 per ton. Other Asia rice sellers kept their quotes unchanged
today.
5% Broken Rice
Thailand 5% rice is
indicated at around $370 - $380 per ton, about $5 per ton discount to Vietnam
5% rice shown at around $375 - $385 per ton. India 5% rice is indicated at
around $365 - $375 per ton, about $30 per ton premium on Pakistan 5% rice shown
at around $335 - $345 per ton.
25% Broken
Rice
Thailand 25% rice is
indicated at around $355 - $365 per ton, on par with Vietnam 25% rice shown at
around $355- $365 per ton. India 25% rice is indicated at around $335- $345 per
ton, about $30 per ton premium on Pakistan 25% rice shown at around $305 - $315
per ton.
Parboiled
Rice
Thailand parboiled
rice is indicated at around $375 - $385 per ton. India parboiled rice is
indicated at around $350 - $360 per ton, about $55 per ton discount to Pakistan
parboiled rice last shown at around $405 - $415 per ton.
100% Broken
Rice
Thailand broken rice,
A1 Super is indicated at around $335 - $345 per ton, about $10 per ton discount
to Vietnam 100% broken rice shown at around $345 - $355 per ton. India's 100%
broken rice is shown at around $265 - $275 per ton, about $20 per ton discount
to Pakistan broken sortexed rice shown at around $285 - $295 per ton.
Italian Rice Research Center Arranges Guided Tours for Visitors on March
19-20, 2016
Mar 17, 2016
The Rice Research
Center of Castello d'Agogna, managed by Ente Nazionale Risi (ENR), the National
Agency for rice, will allow tour of the centre for visitors on March 19 and 20,
2016 on the occasion of the Italian Environmental Fund (FAI) Spring Days, according
to local sources.
On Saturday 19, the
center will allow visits from 2 pm to 5.30 pm; and on Sunday 20, from 10 am to
12.30 am and from 2 pm to 5.30 pm.
The visits will be
guided by students of Professional high school "Ciro Pollini" and
Scientific high school "Angelo Omodeo", both located in Mortara,
assisted by the ENR staff. They will lead visitors through a guided tour that
will highlight the research and experimentation carried out in the Center.
oryza news published with
permission of ORYZA.All Credit goes to ORYZA.com
Patna: The state government on Wednesday admitted in the
legislative council that Rs1,329 crore had been pending with the rice millers
since 2011. Replying to a question of K K Singh of the BJP, food and consumer
protection department minister Madan Sahni said FIRs were lodged against 1,197
mill owners and 207 of them were arrested, 817 surrendered and properties of 28
defaulters had been attached. The defaulters took paddy from the State Food
Corporation but failed to return it after milling, he said."We are in the
process to recovering the arrears from 105 rice millers," Sahni said and
added that arrest warrants had been issued against 330 millers.
Replying to a question of Rajnish Kumar of BJP, the minister
said ration cards were issued to 2.5 crore families as against the BPL
population of 8.57 crore people covered under the Food Security Act launched in
2014. He said the government sought applications from those left out of the
beneficiaries' list. "Total 102 crore people have submitted their
applications and 96 lakh were found genuine. They were given cards," the
minister said, adding that additional counters would be opened at block level
to include those who were left out.
Leader of opposition in the council Sushil Kumar Modi sought to
know how many ration cards were printed and distributed during the last one
year. Modi also sought the number of food coupons distributed among the
beneficiaries. But the minister kept insisting on the point that the government
had distributed 2.50 crore cards, including 25 lakh to Antyodaya families.
LatestComment
Why the Govt is making delay in
collection.Capt mithilesh Kumar
Replying to a question of Mangal Pandey of BJP, revenue and land
reforms minister Madan Mohan Jha admitted that the state government had failed
to continue 'chakbandi' (land consolidation) programme in 1992. As a result,
all the related employees were accommodated in some other government
departments. Only 6% employees remained in the same department, the minister
said.
The chakbandi programme was revived in March, 2004 on the Patna
high court directive. Aerial photography is being done and it will continue for
another five years to complete the survey work. After that, chakbandi programme
would be implemented in all the districts.
Thailand to sell stockpiled
rice in second auction of the year
Source: Reuters - Wed, 16 Mar 2016 09:36 GMT
Author: Reuters
BANGKOK,
March 16 (Reuters) - Thailand will sell 641,000 tonnes of rice from government
stockpiles this month in its second auction from the inventories this year, the
commerce ministry said on Wednesday.Thailand, the world's second-biggest rice
exporter after India, has stocks of about 12 million tonnes that it is
struggling to offload following the end of a rice-buying scheme under the
previous government.Bidding for 418,000 tonnes of rice fit for human
consumption will take place on March 30 and bidding for 223,000 tonnes unfit
for human consumption will occur on March 31, Duangporn Rodphaya, chief of the
foreign trade department at the commerce ministry, told reporters.
"The
government will open bidding for rice in government stocks as it sees that the
market needs rice including rice for industrial use," said Duangporn.
"This is a good time to offload rice from government stockpiles."Thailand
has about 12 million tonnes of rice in state warehouses around half of which is
no longer fit for human consumption, according to the commerce ministry. The
stockpiling scheme, which bought rice at above-market prices, distorted global
prices and caused Thailand to lose its crown as the world's number one exporter
of the grain.The government began selling rice deemed not fit for human
consumption for industrial use, including animal feed, last year.Thai 5 percent
broken grade rice was at $365 to $371 a tonne on Wednesday, unchanged from the
previous day.
On Feb.
16, the government said it sold 152,377 tonnes of rice from state stockpiles in
its first auction of the year, lower than its 204,000 tonnes target.The
commerce ministry has said it plans to offload around 5 million tonnes of rice
from state warehouses this year.(Reporting by Panarat Thepgumpanat; Writing by
Amy Sawitta Lefevre; Editing by Christian Schmollinger)
http://news.trust.org/item/20160316093914-8l7b4
VN rice exports jump as more of last year's
orders filled
HCM CITY - Rice exports have surged in the first two months
as many of last year's contracts are being executed this year, according to the
Vietnam Food Association.
The country exported more than 856,219 tonnes for US$347.8 million, a
year-on-year increase of 101.89 per cent and 81.73 per cent, and Huynh Minh
Hue, VFA general secretary, indicated there had been too many orders to handle
last year, including some large government contracts with Indonesia and the
Philippines.
At a regular meeting of the association last week, he said exports of common
white rice accounted for 32.68 per cent of exports, up almost five times from
the same period last year, and exports of glutinous rice also surged due to
high demand from China.Exports of fragrant rice continued to grow steadily
thanks to increased exports to China and Africa, he said.
VFA anticipates exports to reach 1.3 million tonnes in the first quarter, 56
per cent up from the same period last year.Hue said the number of contracts to
be executed remains high at around 1.4 million tonnes.But with inventories at
export firms 81,140 tonnes lower than at the same time last year - at one
million tonnes - they have to buy rice, he said.
Prices are currently high in the domestic market despite this being the peak
harvest season and the association announcing no plans to stockpile the grain.
High demand from exporters coupled with a forecast of falling output in the Cuu
Long (Mekong) Delta due to drought and saltwater intrusion has pushed up the
prices.The Ministry of Agriculture and rural Development reported that by March
5 around 139,000ha of the winter-spring rice crop in nine provinces had been
damaged by drought and saltwater, with the loss estimated at one million
tonnes.
In previous years the VFA proposed purchasing one million tonne of rice for
temporary storage at the beginning of March to support domestic prices, but
this time farmers can earn reasonable profits at current prices.According to
rice traders in the
Mekong Delta, a kilogramme of IR 50404 paddy in the field costs
VND4,600-4,650, VND300 higher than a year earlier, and high-grade paddies are
priced much higher.
A tractor drives past at a rice drying yard at
an export rice plant in the central Chainat province in Thailand, December 16,
2015.
Reuters/Jorge Silva
NUSA
DUA, Indonesia (Thomson Reuters Foundation) - Tourist taxi driver Nur-ul Aslam
watches in hopeful silence as drops of rain begin to cloud his windscreen.Last
year at this time he was farming rice on his two-hectare farm 40 kilometers
northeast of Bali’s airport. But a long spell of dry weather, which has lasted
since last July, dried up irrigation channels in his village of Tegal Mengkeb.To
survive, the 33-year-old walked away from his farm last December and began
driving a taxi in Nusa Dua, a tourist hub with dozens of luxury resorts. He
dreams of returning home.
"We
need regular good showers, but there is mostly drizzle. Unless the subaks
(water channels) are full again, I can’t plant any crop,” he said.Aslam may
have found a way to stay on the farm next year, however. He recently signed up
for new government-backed crop insurance, one of 100 farmers to do so in Bali,
where rice is grown on about 80,000 hectares of land.The Bali insurance
program, launched last October, promises to pay farmers up to six million
rupiah ($480) for a crop failure caused by disasters such as drought, flooding
or pest attacks.The premium is 180,000 rupiah ($13) per hectare, but the state
has agreed to pay 80 percent of the cost. That means a farmer like Aslam only
has to come up with 36,000 rupiah, or about $2, per hectare.The program is part
of a larger Indonesian crop insurance scheme introduced in 2012-2013 with
financial support from the Japan International Cooperation Agency (JICA).
In the
first season of the program, 470 hectares of rice fields were insured in East
Java and Sumatra. This year, the government has moved to include Bali and a few
other provinces, though delays in the expansion have limited the number of
farmers signed up."Our previous target this year was 11,000 hectares of
rice fields (insured), but only 4,000 hectares can be insured due to limited
time," said Ida Bagus Wisnuardhana, head of the Bali provincial
Agriculture and Foodstuffs Affairs office.Currently, the scheme targets only
small-scale farmers growing rice, but the federal government hopes to bring in
all 27 million farmers in Indonesia’s 33 provinces by 2019, according to a
paper published by Japan’s Ministry of the Environment.
EL NINO AND DROUGHT
In
Indonesia, the dry season runs from May to August. But Badan Meteorologi,
Klimatologi dan Geofisika (BKMG) - the local official weather mapping
organization – says the island of Bali has seen “extreme” weather since the end
of August.The agency attributes the unusually hot weather to the El Nino
phenomenon.In November, the temperature in the area around Denpasar, Bali’s
provincial capital, rose as high as 37 degrees Celsius above the average daily
temperature of 31.4 degrees Celsius, said Nyoman Gede Wiryajaya of BKMG.Bali's
provincial agricultural department says nearly a thousand hectares of farmland
are suffering some degree of drought, which threatens the coming harvest. With
crops drying, local media have already reported food shortages in several
villages.
Buleleng,
a north Bali district which has recorded crop failure on 160 hectares, has been
declared under "severe drought".With no rice available, "we have
been living off dried cassava for several weeks," said Palembang Kaka, a
small-scale farmer from Buleleng who now works as a porter in Pasar Badung,
Denpasar’s largest community market.Although globally El Nino is expected to
start weakening soon, meteorological service officials in Bali are advising
farmers to brace for more dry weather.Sutopo Purwo Nugroho, of the National Disaster
Management Agency, predicted that "rainfall will be extremely low until
the end of this year"
.For
Aslam, the prediction could mean another missed crop and another season at the
wheel – unless his new insurance policy works."We will see how the insurance
(money) is paid. I hope it is enough to recover my losses,” he said.(Reporting
by Stella Paul; editing by Laurie Goering :; Please credit the Thomson Reuters
Foundation, the charitable arm of Thomson Reuters, that covers humanitarian
news, climate change, women's rights, trafficking and property rights.
The
Philippines’ stock of milled rice decreased further to 2.94 million tons as of
Feb. 1 as crop damage due to El Niño ballooned during the phenomenon’s peak
months.The Philippine Statistics Authority (PSA) said in an update that the
country’s stockpile went down from 3.2 million tons a month ago.According to
the PSA, the national inventory—which shrank by 7 percent or 260,000 tons over
the January level—was good for 87 days’ consumption or six days less than the
previous month’s stock.Even the, data from the PSA show that the National Food
Authority’s stock increased further by 11 percent or 100,000 tons to reach one
million tons.The NFA’s reserve was 86 percent imported, about the same as the
ratio a month earlier.As of Feb. 1, the NFA’s stock was good for 29 days’
consumption, still well above the agency’s mandated minimum volume of 15 days’
supply.Stocks held in commercial warehouses dipped further by 3 percent or
30,000 tons to 940,000 tons, equivalent to 28 days of nationwide consumption.
Household
stocks lost 25 percent or 330,000 tons to settle at one million tons, which can
last for 30 days.In late January, the NFA Council said it “may not need to
import (milled) rice” for the first quarter this year, citing data the Food
Security Committee that show “sufficient rice supply until the end of June.”“Total
rice importation contracted for this year is conservative at 500,000 (tons)
through a government-to-government procurement with Vietnam and Thailand,” the
NFA Council said in a statement.“It was contracted last year, with arrivals
scheduled this year, to get the lowest possible price,” the council said.
Mali forecasts 2016/17 rice output of 2.7 mln
T, up nearly 11 pct
Wed Mar 16, 2016 11:21am GMT
BAMAKO, March 16
(Reuters) - Mali, West Africa's second-biggest rice producer behind Nigeria,
forecasts output of 2.712 million tonnes of unprocessed paddy rice in the
2016/17 season, up nearly 11 percent from last season, a government document
showed on Wednesday.The landlocked nation produced 2.451 million tonnes of rice
last year, falling short of an initial target of 2.6 million tonnes because of
the late arrival of seasonal rains.A government planning document for the new
season seen by Reuters showed that Mali plans to invest about 51 billion CFA
francs ($86.23 million) to boost production. More than 37 billion CFA francs
will go towards purchasing fertiliser.
Improvements in irrigation are also planned.The
cost will be divided between the state, which will finance 35 percent of the
project via subsidies, with the rest to be paid for by producers.If the target
is reached, Mali should produce a rice surplus of 484,617 tonnes."The sale
of this rice surplus could generate gross revenue of around 145.385 billion CFA
francs in favour of the producers," the document said.Mali's rice season
includes a production phase from May/June to September/October followed by a
marketing phase from October/November to the end of March. ($1 = 591.4300 CFA
francs) (Reporting by Tiemoko Diallo; Writing by Joe Bavier;
The three-month-long
Aman rice procurement drive ended on Tuesday bagging 0.19 million (1.94 lakh)
tonnes against the target of 0.2 million tonnes, reports BSS. The government
launched the procurement drive for the fiscal year 2015-16 on December 15. It
concluded on March 15. "We hoped the procurement target would be achieved
within the timeframe as the procurement price fixed was a 'good incentive' for
the farmers", said Ilahi Dad Khan, director (procurement division) of the
Department of Food. The official also expressed hope that the good incentive
would encourage the farmers to produce more in future.
Under the drive, around 45,422 tonnes, out of
the targeted 45,702 tonnes, was procured from Dhaka division, 61,000 tonnes out
of 63,065 tonnes from Rangpur division, 58,000 tonnes out of 61,052 tonnes from
Rajshahi division, 18,000 tonnes out of 19,382 from Khulna, 8,000 tonnes out of
8,701 from Chittagong, 900 tonnes out of 1127 from Sylhet and 900 tonnes out of
971 was procured from Barisal division. Under the programme, the government's
target was to procure at least 0.2 million tonnes of Aman offering a price of
Tk 31 per kilogram.
WASHINGTON, DC -- Ahead of President Barack
Obama's trip to Cuba next week, the Administration yesterday significantly
expanded the ability for U.S. citizens to travel to Cuba and reduced financial
and trade barriers which will improve the commercial environment between the
two countries.These actions, announced jointly by the Departments of the
Treasury and Commerce, removed the last meaningful restrictions on travel and
will allow U.S. citizens greater access to Cuba; opened up Cuban access to the
international banking system; permitted Cuban citizens to open U.S. bank
accounts and use them to send remittances back home; and relaxed licensing
rules for authorized cargo shipments from the U.S. to Cuba.
"This latest move by the President is
definitely another step in the right direction toward normal commercial
relations with Cuba," said Texas rice farmer Daniel Berglund. "We understand Congress still has to act
to totally lift the embargo but anything we can do to strengthen economic ties
gets us closer to opening up that market to U.S. rice."
Proximity to the market coupled with shipping
capacity is a big advantage for the U.S. rice industry when it comes to trade
with Cuba. It is estimated that the U.S.
could regain 20-30 percent of the Cuban rice business within two years, or an
estimated 90,000 to 135,000 MT of new demand for U.S. rice based on current
estimates of Cuba's annual import demand.
"American rice farmers would love to get
more of their product on Cubans' plates," said Joe Mencer, an Arkansas
producer and vice chairman of the USA Rice Farmers. "Per-capita rice
consumption in Cuba is significantly higher than that in the United
States. We know they like American rice
and with our abundant crop and ability to transport it, we're ready to
ship."
USA Rice continues to take a leadership role in
pressing U.S. regulatory changes and necessary congressional action to open the
Cuban market to U.S. rice. "We need
a regulatory and legal environment that lets our exporters ship, and Cuba needs
the resources necessary to trade with the United States," said USA Rice
President & CEO Betsy Ward.
"Yesterday's actions bring us closer to that spot, and we will
continue to work until the job is finished."
By Peter Wamboga-Mugirya
New rice varieties that will enable growing of
the crop with less pesticides, less fertilizers and less water have showed
yields of 20-30 times more than traditional ones under trials on farmers'
fields.
Farmers in eastern and northern Uganda received
Green Super Rice (GSR) seed for the research trials.
Jackson Atwii, a retired rice agronomist at
Kibimba Rice Irrigation Scheme in Bugiri district, and other farmers in Olweny
Rice Irrigation Scheme in Lira District, confirmed the excellent field
performance.
"This project began in 2012, with a target
of an expected yield-advantage of 20 per cent. During 2015, country-specific
objectives in Uganda included testing and release of new GSR varieties in
different stress conditions in atleast four locations (Doho in Butaleja
District, Agoro in Amuru District, Olweny in Lira District and Oyam
District," said Dr Jimmy Lamo, who heads rice research at National Crops
Resources Research Institute (NaCRRI).
Bigger grains
Semmy Opio and her husband, Dr. Patrick Opio, a
medical practitioner in Lira Municipality, received four kilos of GSR seed last
year, and harvested 10 bags (1,000 kgs) of the 1189 rice variety alone.
The couple and several other farmers have
bulked harvested seed from the 2015 planting. "My wife used to grow rice
on subsistence basis to harvest a little for food, but when Mr Atwii interested
us in growing GSR varieties for seed, we agreed and it has been a pleasant
surprise," said Dr Opio.
They grow seed rice on 2.5 acres in Olweny Rice
Irrigation Scheme, where they planted three GSR seed varieties: Namulonge
muchele (NamChe)-3, TXD306 and 1189.
Semmy says the four kilos of NamChe-3 seed
alone yielded 10 sacks at harvest equaling to a tonne. "Namche-3 grains
are bigger than TXD306 and 1189 varieties, and we believe we would grow it two
to three times a year," she says.
Farmer-leader, Atwii says a number of farmers
whom he guides on growing, weeding, and post-harvest management, have
registered substantial success.
"We have learnt that to make any meaningful
sense from this project, yields must be high. And that's what every body
sees," he says.
Howard Ogwang, is another farmer in Itek-kile
Outgrowers' Community in Lira District, guided by Mzee Atwii.
He received two kilos of a different rice seed
variety: 1191, planted it in nursery beds, transferred into fields and
harvested 130 kgs of seed alone.
In neighbouring Oyam District, the lead farmer
Paul Peter Okullu, the managing director, Adagni Company Ltd, received 75 kgs
of NamChe-1 and 3 seed from NaCRRI in 2014.
He distributed it through a
technology-dissemination arrangement, to 50 seed farmers.
"They collectively harvested five tonnes
of NamChe-1 and 3 seed varieties that year. In 2015, we expanded to seven
acres, from which we harvested 12 tonnes," he adds.
"Seed production is more lucrative than
grain or food growing/trading. In 2015's first season, we gave back five tonnes
of seed to NaCRRI."
In Doho Scheme, farmers and farmer groups were
trained about GSR seed and provided with one to 10 kilogrammes of seed.
The scheme was the first to get the training
and seed distribution. It was planned that there would be field seed exchange
among farmers, in addition to linking them to NaCRRI's partners from which
farmers and farmer groups would buy seed.
Wonderful performance
Those with the best field performance and with
best-inspected seed would be encouraged to exchange seed with other farmers.
During the last quarter of the 2015 planting
and harvest seasons (August-September-October), Doho outgrower farmers received
GSR seed rice varieties: Okile, Wita-9, Komboka, Agaro and Nerica. There were
good results from their findings.
A model rice farmer in Butaleja District
located near Doho Scheme, Robert Sagula, refers to the Wita-9 purple variety as
the most outstanding. It is currently the most widely-adopted by farmers, for
its versatile performance.
He describes it as a wonderful performer in
marginal soils even where fertility and water factors are low.
"It's a highly sought-after variety by
farmers, because it also registers the highest yield or productivity per unit
area. We have recorded 2,150 kg of milled rice from an acre planted--very high
compared to traditional varieties," says Sagula.
He has grown it next to the road, as a public
display to teach farmers and attract a market for its positive attributes.
"We also prefer it for its short height as
birds cannot notice it easily, in addition for its long grain and being an
early-maturing variety in 145 days after planting," he explains.
Sagula reveals that Okile variety ranks second
to Wita-9 in popularity in Butaleja, because of its high yields and good grain
quality-attributes. It is close to Kaiso, a popular traditional variety, as far
as the Butaleja farmers are concerned.
About the project
The GSR project is based at the National Crops
Resources Research Institute (NaCRRI) in Namulonge.
It is being coordinated by the International
Rice Research Institute (IRRI) in collaboration with AfricaRice, Chinese
Academy of Agricultural Sciences (CAAS) and Agricultural Research Systems in
Africa and Asia.
The main goal is to develop and deploy new sets
of rice cultivars that give high yields under less input environments (that is,
water, Nitrogen, Phosphorus and pesticides) in an environment-friendly manner.
It is supported by a grant from the Bill and
Melinda Gates Foundation
NaCRRI's Dr. Jimmy Lamo, who heads Uganda's
rice research, says in addition to Uganda, other participating countries in the
GSR project, are China through CAAS, Tanzania, Mozambique, Rwanda, Ethiopia,
Burundi and The Philippines.
Scientists are developing more resistant varieties of rice to help
farmers in Vietnam adapt to climate change, amid the country’s worst drought in
90 years. The drought, as well as the related flow of saltwater upriver,
has destroyed 159,000 hectares of rice paddies and left almost one million
people lacking drinking water, according to a new UN report.
Another half million hectares are expected to be damaged by mid-year.
In line with its work in other Asian
countries, the Philippines-based International Rice Research
Institute has been breeding high quality “climate-smart rice varieties”
that mature quickly, can tolerate salt, and are designed specifically for
Vietnam’s Mekong Delta, Reiner Wassmann, the project leader, told IRIN.
The delta region, one of the worst-hit by the
drought, accounted for half the country’s rice production and 90 percent
of its exports last year.
IRRI
Nguyen Thi Lang of the Cuu Long Delta Rice Research Institute
displays rice seedlings engineered to withstand drought, floods and saltwater
The drought is linked to El Nino, which is disrupting weather
patterns around the world, while saltwater intrusion occurs annually. But the
drought has made it worse: the saltwater arrived about two months earlier than
usual and has extended around 25 kilometers further inland than average because
river levels were lower than any year since record-keeping began one century
ago. In the midst of a drought in 2014, the government urged farmers in
the northern and central regions to shift from rice to more drought-resistant
crops.
Scientists say that this year’s emergency is only a taste of
what’s to come, as climate change leads to more frequent and intense droughts
and rising sea levels. That’s bad news for rice farmers, as well as Vietnam’s
economy and its 90 million people.
Rice is a staple at dinner tables throughout the country and an
important export. Only India and Thailand exported more rice than Vietnam last
year, according to the IRRI.
Wassmann’s team have also developed water management
techniques to allow farmers to reduce the risk of losing their crops, which can
be destroyed if they are inundated with salt water right before and right after
flowering. In addition, to mitigate the risk from drought, IRRI developed
a cycle of draining and re-flooding paddies, which can save water use by as
much as 25 percent while cutting the cost to farmers of pumping water for
irrigation.
IRRI
A rice researcher tests a technique of draining and flooding
paddies
Wassmann said he hopes to secure funding to continue working in
the delta and recommended that authorities "fast-track the development and
delivery of short duration, good quality rice with enhanced salt
tolerance".
Such strains and strategies will become more important as Vietnam
plans to increase rice production just as the effects of climate change become
more severe.
Vietnam doubled rice production over the past two decades after
being a net importer. In 2014, the Ministry of Agriculture and Rural
Development announced a national strategy to further increase production.
Research conducted in Vietnam also feeds into a larger IRRI
programme aimed at adapting rice farming to various aspects of climate change
in different countries. For example, IRRI has developed drought-tolerant
varieties of rice being farmed in India, Nepal, the Philippines and
Bangladesh.
Similar work is aimed at protecting against flooding: one variety
of rice is infused with a “scuba” gene to allow it to be submerged for two
weeks. It is being grown in flood-prone areas of countries like Myanmar, Laos
and Indonesia. Scientists are also transferring the gene into varieties of rice
in Africa.
Rice futures
charted a bullish key reversal in today’s trade. The market held support at
recent contract lows: $10.20 for May and $10.50 for July, before turning around
and closing higher. Export sales last week were 145,800 metric tons, with Japan
and Venezuela the top buyers, which is a marketing year high. However, the
current WASDE report lowered US exports by another 2 million cwt, bringing the
estimate to an even 100 million cwt. That left carry out up 2 million cwt at
43.9 million cwt. Global rice supplies for 15/16 were raised 1.8 million tons
due to increased production.
ARLINGTON, VA -- Last month, Honduras approved the phytosanitary
protocol to allow milled rice imports from Paraguay. They are the first
country in the northern tier of Central America to permit Paraguayan milled
rice. Over the past five years, Paraguay has nearly doubled their rice
production to 780,000 MT and their exports have nearly tripled during that same
timeframe. Last year, Paraguay exported about 400,000 MT of rice, with
the overwhelming majority destined for Brazil. More than 90 percent of
Paraguay's exports typically have gone to South America but as they have
increased production, they are looking for additional markets. Paraguay
is currently in discussions with El Salvador and Mexico to open up those
markets as well.
Paraguay is known for having a good quality crop, similar to
Uruguayan, at competitive pricing. Colombia's tender for an additional
200,000 MT (seeUSA Rice Daily,February
9, 2016) has been allocated and while sources indicate the lion's
share will be coming from Uruguay, Paraguay did capture some of this
business."U.S. rice has a very strong food safety image, favorable
logistics for the Western Hemisphere, and a solid preference by customers that
have consumed U.S. rice for years, but as more players come onto the export
market scene, it's extremely important that U.S. rice protect that high quality
image and those markets," said Carl Brothers, chairman of the USA Rice
International Trade Policy Committee.
https://usarice.com/blogs
The Hindu: "El Nino declining slowly and steadily: Australian
Met"
North-West India is bracing to receive the next western
disturbance and another bout of heavy rain, snow, thunderstorms and hail from
Thursday onwards.
THIRUVANANTHAPURAM, MARCH
15:
The 2015-16 El Nino, one of the most intense ever, is continuing
to decline slowly and steadily, according to the latest update by the
Australian Bureau of Meteorology.
The tropical Pacific Ocean has cooled further over the past
fortnight. International climate models indicate that cooling in the tropical
Pacific will continue, with a likely return to ‘neutral’ levels by mid-2016.
Summer status
For the rest of the year and into the summer, they favour the likelihood of the
‘neutral’ status persisting, slightly ahead of La Nina. This is the exact
reverse of El Nino, and is considered good for the Indian monsoon.
During a La Nina, the equatorial and eastern basin of the
Pacific cools below the critical threshold; the western stretches of the vast
ocean (closer to Asia) becomes comparably warmer.
Warmth brings convection (cloud-building), storms and precipitation
to this region, and when coinciding with the Indian monsoon, it brings good
rains into the subcontinent as well.
But there is no clear signal as to when a La Nina, if at all,
would become established in the Pacific, the Australian Met said.
It warned that accuracy of forecasts made at this time of year
is lower than those at other times, and therefore some caution should be
exercised.
Rain, snow to return
Back home, North-West India is bracing to receive the next western disturbance
and another bout of heavy rain, snow, thunderstorms and hail from Thursday
onwards.
The prevailing western disturbance, which has already triggered
some disturbed weather over the region, is in the process of signing off.
The incoming system has reached the eastern parts of Iran and
adjoining Afghanistan on Tuesday, an India Met Department update said.
It would now have to traverse through Afghanistan and Pakistan
before it reaches North-West India by Wednesday night.
It will set off heavy rain and snow over Jammu and Kashmir on
Thursday and Friday.
Thunderstorms accompanied by squall/hail are likely over Jammu
division, Himachal Pradesh, Uttarakhand and Punjab.
Thunderstorms in east
Meanwhile, a remnant cyclonic circulation from the previous western disturbance
and parked over East Rajasthan has thrown down a trough towards South to
Rayalaseema.
It cuts through West Madhya Pradesh, Vidarbha, Marathwada, and
North Interior Karnataka, likely triggering thunderstorms along the way.
Preparing to exit from the country, this western disturbance is
also influencing weather in the North-Eastern States where thunderstorms have
been forecast on Wednesday and Thursday.
Areas likely to get affected are Assam, Meghalaya, Nagaland,
Manipur, Mizoram and Tripura, the India Met Department said.
Spring is nature's fashion week. After winter's
endless parade of root vegetables, it feels as though nature has pressed the
big green button, refreshing the new season's offerings. Being showcased right
now is a new look for your fridge, in a variety of greens.
At my local Sunday market in London, on display
are big leafy bunches of spinach, pointed sweetheart cabbages, fennel with
thrusting green tops and spring's favorite darling, the slender asparagus.
Even in the village where I grew up, the fields
have gone from empty to busy overnight. Workers lob about with big wooden
crates of cut leeks, lettuces and a renewed sense of purpose. It is catching:
All I want to cook and eat is green, something fresh, light and colorful.
A favorite green supper of mine is this
beautiful spring pilau. Buttery rice packed with spiced fennel, onions and
garlic cooked slowly until soft and finished with a last-minute addition of
still-crisp asparagus and fava beans or peas. A handful of fresh mint and a
squeeze of lemon juice is stirred in just before serving to lift and unify all
the flavors.
It's a gentle dish. The key to spring cooking
is never to overpower the flavor of the new vegetables. They've spent a long
time getting to the point where they're ready. So don't hijack them with
bigger, bolder flavors or spices. A little cumin, green chili and garam masala
are all they need to help them sing.
This dish can be eaten by itself, though adding
a little yoghurt and mango pickle won't hurt. But for something a bit more
special, some spring lamb cutlets, flash fried with salt, cumin and chili would
make wonderful sidekicks.
———
SPRING VEGETABLE PILAU WITH FENNEL AND
ASPARAGUS
Use whichever spring vegetables you have
available. Green beans and spring cabbage or leeks make for a wonderful pilau,
too.
Start to finish: 35 minutes
Servings: 6
1 1/2 cups basmati rice
3 cups vegetable stock
2 tablespoons unsalted butter
2 medium red onions, thinly sliced
4 cloves garlic, crushed
2 green finger chilies, very thinly sliced
2 medium bulbs fennel, trimmed and thinly
sliced
Popeye Pulao and spiced
aromatic spinach rice by Indian cook Mallika Basu
Try this delicious Indian recipe for an easy,
midweek meal idea
Pulao is moreish, fluffy aromatic rice spiked
with subtle whole spices. This version with chopped spinach is versatile enough
to add interest as part of an extravagant feast or a meal-in-one served with
not much more than a dollop of yoghurt and spoon of pickle.
I came up with this recipe as a sneaky way to
feed my kids spinach, alongside retro cartoons, and hence its apt christening
and the optional use of a green chilli. My quick tip is to use cubes of frozen
chopped or leafy spinach, bags of which are always in my freezer in abundance.
If you prefer fresh spinach, by all means go ahead and use it but don’t hold
the washing and chopping against me.
First place the rice in a sieve and wash it
thoroughly under a cold tap until the water runs clear. Next, peel and finely
mince the garlic and the chilli. If you’re using fresh spinach, remove the hard
stalks and chop it finely now.
Now, bring the oil to heat on high in a medium
sized saucepan. When it starts sizzling around a wooden spoon, gently drop in
the whole spices. As they sizzle up, stir in the garlic and the chilli and
immediately after, the frozen spinach or the chopped spinach.
Stir the spinach until it softens. Then mix in
the washed rice with the salt. As the rice turns translucent, add just less
than two cups of warm water, say one and seven/eighths of a cup (not trying to
be difficult, promise!). Stir through once, and bring back to a rapid boil.
When the rice starts bubbling, lower the heat
to a simmer, cover and cook for 10 minutes. When the time is up, move the pan
over to a cold hob without taking the lid off. Leave the rice to keep cooking
in the steam trapped in the pan for another 10 minutes. If you touch it now, it
will break, as there is still a fair bit of moisture in the pan.
Finally, tip it into a serving dish, or your
bowls, and fluff up with a fork before eating.
In a note released on Wednesday, 16 March,
expert analysts at Johnson Rice’s research division downgraded DSW (NYSE:DSW)’s
stock rating from Buy to Accumulate.Out of 14 analysts covering DSW Inc
(NYSE:DSW), 6 rate it “Buy”, 2 “Sell”, while 12 “Hold”. This means 30% are
positive. $39 is the highest target while $19 is the lowest. The $26.93 average
target is -3.47% below today’s ($26.82) stock price.
DSW Inc was the topic in 28 analyst reports
since August 4, 2015 according to StockzIntelligence Inc. M Partners maintained
the stock on November 25 with “Neutral” rating. eutsche Bank initiated it with
“Hold” rating and $27 target price in an October 30 report. Telsey Advisory
Group maintained the shares of DSW in a report on November 25 with “Market
Perform” rating. Finally, Buckingham Research maintained the stock with “Buy”
rating in a November 4 report.The stock decreased 5.36% or $1.52 during the
last trading session, hitting $26.82. About 3.54 million shares traded hands or
107.02% up from the average. DSW Inc. (NYSE:DSW) has declined 14.51% since
August 10, 2015 and is downtrending. It has underperformed by 10.32% the
S&P500.
