Monday, January 05, 2015

5th January,2015 Daily Global Rice E-Newsletter by Riceplus Magazine


Friday, 02 January 2015 21:03
Posted by Shoaib-ur-Rehman Siddiqui
KARACHI: Newly elected President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Muhammad Adress on Friday called upon the Government to declare 2015 as the year for revival of economy and assured FPCCI's full support to accomplish this task. Mian Adrees, at a press conference here at the Federation House, unveiled FPCCI's plan for 2015 to contribute in the country's economic revival.

FPCCI's plan will include lobbying for political synchronisation among statesmen and politicians on economic policies-- trade policy linked to monetary and fiscal policy-- formation of compliance and implementation committee to materialise GSP-plus benefits-- launching a campaign to compliance of EU standards-- active participation in WTO related issues particularly to activate trade diplomacy to remove the impacts of Indian agriculture policy on Pakistani rice exports-- realising the importance of Economic Cooperation Organization (ECO) and identify the root causes of low trade among ECO countries-- early signing of preferential trade agreement (PTA) between Pakistan and Turkey-- proposal for Pakistan-Afghanistan Customs Union-- and developing a domestic shipping line; it is the weakest aspect of logistic infrastructure for exports.
He also pledged to make sincere efforts for the unity among the entire business community of the country for the good of the community and the country.President FPCCI also called for due representation on the board of directors of the public sector organisations including all sea ports.Chief patron of and Chief Executive Officer (CEO) of Trade Development Authority S.M. Muneer said that after victory of UBG in the FPCCI's annual elections FPCCI will be given new and better role in trade development and industrial growth in the country.He praised the policies of government headed by Prime Minister Muhammad Nawaz Sharif. When journalists sought a reply Munir said "We support the proposal to set up military courts for the trial of terrorists."

Rice importation should be banned – Dealers

Jan 3, 2015


The at the weekend asked the Ministry of Trade and Industry to ensure an outright ban of rice importation.rice importation
It said the ban on inland rice importation is not only having negative impact on the traders but also discriminatory and in favour of the major players in the industry.A statement issued by Yaw Korang, National Coordinator of SSRIDA-GH said given monopoly of large scale importation of the commodity to foreigners is unfair, and so if government finds it untenable for small scale rice dealers to be in business then an outright ban would be necessary .

“The ban as it stands now is pushing poor Ghanaians out of business and helping foreign traders to thrive,” the statement.The statement said the ministry on October 14, 2013 served a notice of ban on inland importation of rice stating that with effect from November 1, 2013, all imports of rice shall be done through only the Kotoka International Airport, Tema and Takoradi Ports.“This directive gave SSRIDA-GH only two weeks ultimatum to fold up our trading business through the border. As petty traders our capital base would not allow us to do our business through the air or by the sea. The directive also came at a time when we had made orders with loans for goods for the Christmas festivity.

“We humbly wish to state that our business is only a threat to the monopoly being practiced by foreign rice importers, whose activities are a threat to the nation`s economy because they do the importation under the cover of warehousing and sell their products for high prices in dollar equivalence before paying their revenue and sometimes run-off without paying.“We do our business in the CFA-FRANC and pay our duty into the consolidated fund at the borders before we are allowed to bring our goods into the country to sell.The statement asked Dr Ekwow Spio-Garbrah, the sector Minister to review the ban on inland importation of rice or prohibit the trade in Ghana.

Source with thanks:http://www.spyghana.com/rice-importation-banned-dealers/

Business Honors for Jan. 4, 2015

ADVOCATE STORY
Jan. 04, 2015
The Louisiana Bar Foundation has named as Fellows from the local area Sylvia S. Lowe, an attorney with the 3rd Circuit Court of Appeals in Lafayette, and Francisca M. M. Comeaux, an attorney with Phelps Dunbar LLP in Baton Rouge.The Louisiana Bar Foundation is a nonprofit organization dedicated to improving the justice system and equal justice.Fred Zaunbrecher, a rice farmer in Acadia Parish and a member of the Louisiana Rice Research Board, was honored as Farmer of the Year by the USA Rice Federation.Zaunbrecher, a fifth-generation farmer, was recognized for his farming career and leadership in the rice industry.

He graduated from LSU with a master’s degree in agronomy.He farms rice, crawfish and soybeans on 4,600 acres with his brothers.Also, Hayes rice farmer Paul Johnson and Dustin Harrell, LSU AgCenter agronomist and the next LSU AgCenter rice specialist, were among seven individuals chosen for the Rice Leadership Development Program.Kent McKenzie, a former LSU AgCenter rice breeder at the Rice Research Station, was honored with the Rice Industry Award. He became the director the California Cooperative Rice Research Foundation in 2000.
 
The American Society of Landscape Architects awarded Jeffrey Carbo Landscape Architects of Alexandria and Baton Rouge a national Award of Excellence for the firm’s design of Woodland Rain Gardens in Shreveport from among more than 200 national and international entries in the residential design category.Lane Regional Medical Center received the Champions for Quality Care Award from the Louisiana Hospital Association for its statewide Hospital Engagement Network.The award recognizes hospitals for achieving goals established as part of the federal Partnership for Patients Campaign that emphasizes improving patient care and reducing health care costs.

Why do Vietnamese scientists leave state’s research institutes?


VietNamNet Bridge – Analysts have been talking a lot lately about the so-called “domestic brain drain”, the movement of scientists leaving state-owned institutes for private companies.

Associate Professor Dr. Duong Van Chin, for example, the director of the Dinh Thanh Agriculture Research Center, an arm of the An Giang Plant Protection JSC, was a state employee in the past, working for the Mekong River Delta Rice Institute.Chin declined to reveal the salary he received in the past as the deputy head of the institute and the pay he receives now for his current job.However, he says businesses always pay more to scientists than the state-owned research institutes.

Chin said he was the specialist who brought Vietnamese rice varieties to Africa. He made many trips to the continent, either at the invitation of the Food and Agriculture Organization (FAO), or foreign groups, or per the request by the Ministry of Agriculture and Rural Development (MARD).

“I did this as assigned by the State, because I was a state employee. But now I only work on research projects which are believed to bring benefit in reality,” he said.“We conduct research now not to put our works in mothballs,” he added, explaining the difference between his two jobs.According to Chin, there are two kinds of employees in society – civil servants and employees at private businesses.In Vietnam, civil servants account for 10 percent of the population, while the proportion is just one percent in South Korea.“The number of workers receiving salaries from the state budget is too high. As a result, the pay for every worker is modest,” he said.

“Therefore, don’t criticize the scientists who leave state-owned agencies,” he said when asked about the “domestic brain drain”.A human resource development expert, who asked to be anonymous, commented that the state should not try to retain experienced specialists if it cannot treat them well.“Let them (the specialists) go. I share the same view with Chin,” he said. “They will still serve the country’s development, no matter where they work, for state-owned institutes, or private companies. Private businesses should be encouraged, because they also create assets and pay taxes to the state.”What does “treating scientists well” mean?

Chin described how scientists are rewarded for their scientific works. His company, when using rice varieties created by the Mekong River Delta for commercial development, has to pay VND200 per kilo of seeds as a royalty.However, the money is nothing if compared with the efforts the scientists had to make to create new varieties.Meanwhile, the majority of seed trading companies do not have the habit of paying royalties to scientists.

Tags:vietnamese scientists, vietnam's science and technology, vietnamese researchers,



Traders call for total ban of rice importation


The Small Scale Rice Dealers Association of Ghana (SSRIDA-GH), at the weekend, asked the Ministry of Trade and Industry to ensure an outright ban of rice importation.It said the ban on inland rice importation is not only having negative impact on the traders but also discriminatory and in favour of the major players in the industry.A statement issued by Yaw Korang, National Coordinator of SSRIDA-GH said given monopoly of large scale importation of the commodity to foreigners is unfair, and so if government finds it untenable for small-scale rice dealers to be in business then an outright ban would be necessary .

“The ban as it stands now is pushing poor Ghanaians out of business and helping foreign traders to thrive,” the statement.The statement said the ministry on October 14, 2013 served a notice of ban on inland importation of rice stating that with effect from November 1, 2013, all imports of rice shall be done through only the Kotoka International Airport, Tema and Takoradi Ports.
“This directive gave SSRIDA-GH only two weeks ultimatum to fold up our trading business through the border. As petty traders, our capital base would not allow us to do our business through the air or by the sea. The directive also came at a time when we had made orders with loans for goods for the Christmas festivity.

“We humbly wish to state that our business is only a threat to the monopoly being practiced by foreign rice importers, whose activities are a threat to the nation`s economy because they do the importation under the cover of warehousing and sell their products for high prices in dollar equivalence before paying their revenue and sometimes run-off without paying.
“We do our business in the CFA-FRANC and pay our duty into the consolidated fund at the borders before we are allowed to bring our goods into the country to sell.The statement asked Dr Ekwow Spio-Garbrah, the sector Minister to review the ban on inland importation of rice or prohibit the trade in Ghana.



Nigeria imports rice worth $500m from Vietnam

Posted by: APA Posted date : January 2, 2015 at 10:53 am

The Nigerian-Vietnam Chambers of Commerce and Industry says that the Nigerian
government’s yearly rice import bill from Vietnam has hit about $500 million. The President of the chamber, Prince Oye Akinsemoyin, said in an interview that Vietnam was also spending about $100 million to import agricultural products such as raw cashew nuts, cassava and oil palm from Nigeria.Indeed, Nigeria imports 1 million metric tonnes of milled rice yearly from different countries, such as India, Thailand and Vietnam.

Nigeria’s Guardian newspaper quotes Akinsemoyin as saying that Nigeria’s imports covered a wide range of commodities, including those of Vietnam’s strengths such as rice.
He listed Vietnam’s major exports to Nigeria to include rubber, electric and electronic products, footwear, plastics, handicraft and fine art articles and construction materials, while the country imports from Nigeria raw cashew nuts, fruits, cotton and minerals.

Akinsemoyin stated: “Basically, Nigeria exports agricultural products. At the moment, Vietnam is the largest importer of Nigeria’s raw cashew nuts. Vietnam’s cashew import from Nigeria is about a $100 million yearly. Nigeria exports agricultural items like Cassava with which Vietnam produces starch and the raw materials Vietnam imports sea foods from Nigeria, like shrimps, fish; also oil palm, which is processed to palm oil, which goes into local production of creams and cosmetics Vietnam imports food items like coconut and also beans and fruits from Nigeria.



Ashimolowo, hungry birds fight over 140-acre rice farm

JANUARY 3, 2015 BY KUNLE FALAYI 27 COMMENTS
   
 Ashimolowoand his farmland
Many farmers in Ofada, Obafemi Owode Local Government Area of Ogun State, community known for the cultivation of rice in the South West, have abandoned the crop for a number of reasons, chief among which is the headache of controlling swarms of birds which destroy rice plantations.But rice farming seems to have got an unlikely entrant in the popular Senior Pastor of Kingsway International Christian Centre, Pastor Matthew Ashimolowo.When words got in about an expanse of rice farmland in Ofada, our correspondent paid a visit to the Meridian Farm Limited and saw harvesters working on the 140-acre plantation.
In 2013, our correspondent had paid a visit to Ofada, prompted by the strange development that such a community well known for the crop no longer cultivated it.Farmers had said at the time that pests sometimes left nothing for them to harvest, which was why they had to abandon such an ‘unprofitable venture.’On Tuesday, not until after a tour and an interview with the manager of the farm, Mr. Akeem Aremu, did our correspondent learn that the massive rice plantation was actually owned by Pastor Ashimolowo.
Rice farming in Nigeria seemed to have become a dying sub-sector until the recent efforts by government in encouraging farmers to resuscitate it.Even despite this, statistics shows that a lot need to be done as Nigeria continues to consume more imported polished rice.Nigeria imports 2.1 metric tonnes of rice annually, coming only second to China as the world’s largest importer of rice.According to the Ministry of Agriculture, Nigeria spends over N356bn a year on rice importation. This underscores the frustration Nigerian rice farmers face as a result of unaffordability of needed technology, low and poor quality yields.
However, at Ashimolowo’s Meridian Farms, all these do not seem to be a problem.A harvester rolled into the plantation, swallowing both chaff and grain, spitting out both from different sides.Aremu told Saturday PUNCH that this year’s harvest was a giant leap from last year’s.“Last year, we cultivated 28 acres. But this year, we increased it to 140. Our chairman (Ashimolowo) even wanted 200 acres but the time was not enough to make that possible,” he said.When there was no sign of any hi-tech nets or other devices in place that could have kept pests at bay, our correspondent asked how they successfully cultivated the crop with the birds around.Aremu explained that rudimentary methods of chasing away or ensnaring pests were actually used.
He stated, “It was all about planning. But make no mistake, pests were our major challenge too. But we were strategic about it.“We divided the plantation into four sections and put at least 10 people in each section armed with catapults and whistles. We also used drums.“We discovered that the birds swarmed on the plantation around 6am. So, we got to the farm before them and ready to scare them away with whistles and catapults when they came for breakfast. In the evening when we knew that they would come as well, we got there before them.“Normally, the birds usually come during the most important stage of the cultivation, the milking stage. That is when the rice is still very soft and milk-like. Without adequate preparation for this stage, one may not get a single grain out of the plantation.
“A farmer came to visit us a few days ago and he could not help expressing his shock that we could successfully produce rice here. The man said he planted more than five acres of rice and he did not harvest a single grain out of it because birds destroyed everything.”At Ashimolowo’s rice farm, the workers said they had to make use of a number of traps as well to ensnare grass-cutters, which are regarded as the bane of rice plantation.Rice, which has become a staple in Nigeria, used to be the crop of choice for farmers in a number of communities in the South-West like Ofada. Over the years, these have simply vanished.However, some entrepreneurs who have the financial wherewithal are bringing back the locally produced rice.In August, Africa’s richest man, Aliko Dangote, signed a Memorandum of Understanding with the Federal Government on the establishment of a $1 billion integrated rice-producing company in Nigeria.
When our correspondent took up Ashimolowo on the motivation behind his going into farming, he explained that it was the need to create jobs and encourage Nigerians to get back into agriculture.“I believe we should not just talk but put our words into action,” he said.He said the company planted about 500 acres of cassava during the administration of former President Olusegun Obasanjo. He said no encouragement had been given into the earlier plan to make cassava a major ingredient of bread in the country since Obasanjo left.
He said, “All the investment we put into the cultivation of cassava went to waste. Then we decided on rice as a result of the proximity of the land to Ofada. We realised that it had the potential of creating jobs and reduce importation.“As far as we know, this is the biggest rice farm in the South West and we intend to expand to 200 acres next year.” Asked if his company got incentives from the Federal Government for the venture, Ashimolowo explained that his consultation with the Minister of Agriculture had not been finalised.He expressed the hope that the farm would be provided with machinery under an arrangement that would enable it to produce large quantities of quality rice seeds which would be distributed to other farmers.
“We noticed that many rice farmers are still using mostly the subsistent method. If we get more machinery from the government, we can easily lend them out to other farmers,” he said.Ashimolowo said he was aware that a lot of rice farmers had been finding it difficult to cultivate the crop in Ofada.
He said he succeeded as a result of a combination of methods employed.He said, “Of course, God made this possible first of all. We also put in place a pot pourri of methods. We thought that if we could plant in large quantities, the impact of bird devastation would not be felt. We also ensured that no trees are within a mile radius of the farm on which birds can perch.“Our plan is to continue to increase cultivation to drive down the price so that Ofada rice will no longer be seen as exotic. We are in discussion with the Seeds Council as well on the possibility of selling the rice seeds for distribution to other farmers.”
Copyright PUNCH.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.




Rice imported from Vietnam to Nigeria hit N84b


ARTICLE | JANUARY 2, 2015 - 11:03AM
The Federal Government’s yearly rice import bill from Vietnam has hit about $500 million (N84 billion) according to the Nigerian-Vietnam Chambers of Commerce and Industry.Besides, Vietnam also spends about $100 million to import agricultural products such as raw cashew nuts, cassava and oil palm from Nigeria.Indeed, Nigeria spends about N365 million yearly on the importation of 2.1 million metric tonnes of milled rice from different countries, such as India, Thailand and Vietnam.
 President of the chamber, Prince Oye Akinsemoyin made this disclosure saying Nigeria’s imports cover a wide range of commodities, including those of Vietnam’s strengths such as rice.He listed Vietnam’s major exports to Nigeria to include rubber, electric and electronic products, footwear, plastics, handicraft and fine art articles and construction materials, while the country imports from Nigeria raw cashew nuts, fruits, cotton and minerals.Akinsemoyin stated: “Basically, Nigeria exports Agricultural products. At the moment, Vietnam is the largest importer of Nigeria’s raw cashew nuts. Vietnam’s cashew import from Nigeria is about a $100 million yearly. Nigeria exports agricultural items like Cassava with which Vietnam produces starch and the raw materials
 Vietnam imports sea foods from Nigeria, like shrimps, fish; also oil palm, which is processed to palm oil, which goes into local production of creams and cosmetics Vietnam imports food items like coconut and also beans and fruits from Nigeria.Vietnam exports rice to Nigeria; Vietnam is one of Nigeria’s trading partners in rice exportation. Vietnam’s rice export to Nigeria will be about $500 million per annum. Vietnam exports garments, fabrics to Nigeria as well as shoes and fashion accessories. Many of the cosmetics companies in Vietnam are looking for distributors in Nigeria.
Vietnam exports furniture, artifacts and art work for interior décor”.He disclosed that many companies from Vietnam are willing to invest in Nigeria.According to him, “the chamber is now looking at setting up institutions that will further foster the relationship between Nigeria and Vietnam; we are encouraging investors from Vietnam to make in road to Nigeria economy, companies like Viettel is willing to invest $7 billion into the Nigerian Telecommunication sector. Arrangement is already going on to avail them the opportunity to bid for the relevant spectrum to be able to operate as one of the telecom operators in the country. 
“PetroVina is also interested in investing in the Exploration and Production (E&P) sub-sector of the country’s Oil and Gas sector, PetroVina is interested in the upstream and the midstream sectors. We are trying to attract investments that will be able to provide employment for Nigerians. The kind of investors that will be able to have multiplier effects on the Nigerian economy”.


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Saturday, January 03, 2015

2nd January,2015 Daily Global Rice E-Newsletter by Riceplus Magazine

THAVER CALLS ON POLICY MAKERS TO BENEFIT FROM FALL IN OIL PRICES WISELY

Karachi, January 01, 2015 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) has called upon the policy makers to benefit from the fall in oil prices wisely and take this as golden opportunity to curb inflation, reduce cost of production, promote investment and increase exports.President UNISAME Zulfikar Thaver said the prospects are very bright for 2015 and Pakistan will become competitive in many commodities but it is very important that the government reduce its own expenses and declare austerity as a very first step.
Secondly full throttle action is required to promote value addition and exports. Thirdly a strict eye on imports is necessary to discourage imports of the unnecessary.He lamented that the government is not taking steps to promote domestic industry and not protecting it as a result imports are increasing and many items which are manufactured in Pakistan are being imported in bulk and dumped in the market. The SME units are discouraged and not planning to increase production, to modernize and upgrade their products due to tough competition from imported items.The importers are under invoicing their imports and also importing goods with undeclared money. There is no check on imports as imports of all items are allowed whether they are made in the country or not due to WTO regulations the imports cannot be disallowed.
Thaver urged the policy makers to examine the imports and impose regulatory duty on imports of items manufactured in Pakistan otherwise Pakistan is fast becoming a trading economy. The country is exporting goods worth US dollars 24 billions and importing goods worth US dollars 45 billions.Fortunately overseas Pakistanis are remitting US dollars 15 billions which is saving the situation otherwise the balance of payments would be precarious. There is also foreign debts and internal debts and deficits which are increasing and increasing the burden but the government is not serious although it is a situation which could cause deep concern to the economist.
UNISAME conducted a survey and found that the new industries are not being set up due to energy crisis, poor law and order, competition from Chinese goods, lack of marketing support for exports, poor infrastructure for farm produce and poor logistics.The other draw backs are lack of finance, leasing, insurance and taxation policies. Many entrepreneurs also complained about corruption, extortion and environment. Some even mentioned the high handedness of government officials and difficulties in lodging FIR and misconduct of policemen.
One important issue raised was of lack of information and entrepreneurs complained that the related trade promotion bodies have no satisfactory information bureau to answer queries. One exporter of bananas wanted to know what is the import duty on bananas in different countries and nobody was in a position to give the correct answer and the exporter was keen to export the fruit to the different countries as he was a farmer and growing the fruit.
Description: AKINSEMOYINIt is very important that the information bureau is set up in the trade promotion body capable of providing information as information is the key requirement of any entrepreneur. It is high time the government gets into gear and takes positive bold steps to benefit from the favourable aspects of reduced oil prices and strengthen the economy before the situation takes a turn. It is expected that the oil prices will remain such for about one year and in this period the government must act diligently to benefit from the situation.

Nigeria’s yearly rice imports from Vietnam hit N84 billion


Thursday, 01 January 2015 19:05
Written by Roseline Okere

THE Federal Government’s yearly rice import bill from Vietnam has hit about $500 million (N84 billion) according to the Nigerian-Vietnam Chambers of Commerce and Industry.  Besides, Vietnam also spends about $100 million to import agricultural products such as raw cashew nuts, cassava and oil palm from Nigeria.  Indeed, Nigeria spends about N365 million yearly on the importation of 2.1 million metric tonnes of milled rice from different countries, such as India, Thailand and Vietnam.  President of the chamber, Prince Oye Akinsemoyin, who made this disclosure in an interview with The Guardian recently, said Nigeria’s imports cover a wide range of commodities, including those of Vietnam’s strengths such as rice. 
He listed Vietnam’s major exports to Nigeria to include rubber, electric and electronic products, footwear, plastics, handicraft and fine art articles and construction materials, while the country imports from Nigeria raw cashew nuts, fruits, cotton and minerals. Akinsemoyin stated: “Basically, Nigeria exports Agricultural products.

At the moment, Vietnam is the largest importer of Nigeria’s raw cashew nuts. Vietnam’s cashew import from Nigeria is about a $100 million yearly. Nigeria exports agricultural items like Cassava with which Vietnam produces starch and the raw materialsVietnam imports sea foods from Nigeria, like shrimps, fish; also oil palm, which is processed to palm oil, which goes into local production of creams and cosmetics Vietnam imports food items like coconut and also beans and fruits from Nigeria.

  Vietnam exports rice to Nigeria; Vietnam is one of Nigeria’s trading partners in rice exportation. Vietnam’s rice export to Nigeria will be about $500 million per annum. Vietnam exports garments, fabrics to Nigeria as well as shoes and fashion accessories. Many of the cosmetics companies in Vietnam are looking for distributors in Nigeria.   Vietnam exports furniture, artifacts and art work for interior décor”.   He disclosed that many companies from Vietnam are willing to invest in Nigeria.

  According to him, “the chamber is now looking at setting up institutions that will further foster the relationship between Nigeria and Vietnam; we are encouraging investors from Vietnam to make in road to Nigeria economy, companies like Viettel is willing to invest $7 billion into the Nigerian Telecommunication sector. Arrangement is already going on to avail them the opportunity to bid for the relevant spectrum to be able to operate as one of the telecom operators in the country.  “PetroVina is also interested in investing in the Exploration and Production (E&P) sub-sector of the country’s Oil and Gas sector, PetroVina is interested in the upstream and the midstream sectors. We are trying to attract investments that will be able to provide employment for Nigerians. The kind of investors that will be able to have multiplier effects on the Nigerian economy”.


Cambodia's rice export up 2 pct last year
 (GlobalPost/GlobalPost)
Cambodia's rice export up 2 pct last year
PHNOM PENH, Jan. 1 (Xinhua) -- Cambodia exported 387,061 tons of milled rice in 2014, a 2 percent increase from 378,856 tons in a year earlier, an official report said Thursday.Cambodian rice has been sold to 57 countries and regions around the world, said the data compiled by the Secretariat of One Window Service for Rice Export.Five main buyers are France, Poland, Malaysia, China, and the Netherlands.Kim Savuth, Vice President of the Federation of Cambodian Rice Exporters, said a sluggish growth in rice export was due to fierce competitions with other countries' rice, especially Vietnam and Thailand.Cambodia is an agrarian country with some 80 percent of the population being farmers.
In 2010, the Southeast Asian country set a goal of exporting 1 million tons of milled rice by 2015. However, Prime Minister Hun Sen admitted last month that the country was unlikely to achieve the self-imposed target due to a lack of milling capacity and funding.He said the rice export figure in 2014 clearly proved that achieving the 1 million tons target in 2015 is unlikely.Copyright 2014 Xinhua News Agency.Xinhua is China's state-run news agency.All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Gov't grain stockpile crushing China's domestic market


Staff Reporter

2015-01-02

09:50 (GMT+8)
Harvesting at a rice field in Harbin, Heilongjiang, Sept. 2011. (File photo/Xinhua)
Description: Harvesting at a rice field in Harbin, Heilongjiang, Sept. 2011. (File photo/Xinhua)The grain inventory the Chinese government stockpiled to bolster prices and protect the livelihood of farmers is now stilling tall and idle without a modern food processing industry to consume it, reports the Chinese-language China Business News.Mu Yiankuei, owner of a major food processing firm, said that despite the good intentions, the government's practice has given rise to some grave side effects, including the disruption of the normal circulation of grains on the market and hindrance of the healthy development of the food processing industry.
Many grain processing enterprises have been forced to close down because of a lack of grain supply, one example being rice factories in northeastern China. Nearly 80% of them have folded their operations.The grain purchase has entailed a heavy financial burden on the government, which has been spending several hundreds of billions of yuan in buying up grains a year. These are on top of the costs for infrastructure, custody of the stockpiled grains and interest on funds for the purchases.
The stockpiled grains are typically kept in warehouses for one to three years before their release into the market, greatly affecting their quality. In addition, the government purchase has jacked up domestic grain prices, inducing imports or even the smuggling of low-cost grains from neighboring nations into China. In the same vein, it has distorted the domestic market. In one instance, farmers looking to make an extra buck off of higher prices in northeastern China, prices set off by official grain purchases, began selling their maize en masse from northern China. According to rough statistics, over 5 million tons of maize flowed from Hebei to Liaoning province in 2014.Mu Yiankuei urged the government to intensify its support for the development of a modern grain processing industry, thereby laying a firm foundation for grain safety and management.





Nigeria's Yearly Rice Imports From Vietnam Hit N84 Billion

By Roseline Okere

THE Federal Government's yearly rice import bill from Vietnam has hit about $500 million (N84 billion) according to the Nigerian-Vietnam Chambers of Commerce and Industry.Besides, Vietnam also spends about $100 million to import agricultural products such as raw cashew nuts, cassava and oil palm from Nigeria.Indeed, Nigeria spends about N365 million yearly on the importation of 2.1 million metric tonnes of milled rice from different countries, such as India, Thailand and Vietnam.

President of the chamber, Prince Oye Akinsemoyin, who made this disclosure in an interview with The Guardian recently, said Nigeria's imports cover a wide range of commodities, including those of Vietnam's strengths such as rice.He listed Vietnam's major exports to Nigeria to include rubber, electric and electronic products, footwear, plastics, handicraft and fine art articles and construction materials, while the country imports from Nigeria raw cashew nuts, fruits, cotton and minerals.

Akinsemoyin stated: "Basically, Nigeria exports Agricultural products. At the moment, Vietnam is the largest importer of Nigeria's raw cashew nuts. Vietnam's cashew import from Nigeria is about a $100 million yearly. Nigeria exports agricultural items like Cassava with which Vietnam produces starch and the raw materials.Vietnam imports sea foods from Nigeria, like shrimps, fish; also oil palm, which is processed to palm oil, which goes into local production of creams and cosmetics Vietnam imports food items like coconut and also beans and fruits from Nigeria.

Vietnam exports rice to Nigeria; Vietnam is one of Nigeria's trading partners in rice exportation. Vietnam's rice export to Nigeria will be about $500 million per annum. Vietnam exports garments, fabrics to Nigeria as well as shoes and fashion accessories. Many of the cosmetics companies in Vietnam are looking for distributors in Nigeria.Vietnam exports furniture, artifacts and art work for interior décor".He disclosed that many companies from Vietnam are willing to invest in Nigeria.

According to him, "the chamber is now looking at setting up institutions that will further foster the relationship between Nigeria and Vietnam; we are encouraging investors from Vietnam to make in road to Nigeria economy, companies like Viettel is willing to invest $7 billion into the Nigerian Telecommunication sector. Arrangement is already going on to avail them the opportunity to bid for the relevant spectrum to be able to operate as one of the telecom operators in the country.

"PetroVina is also interested in investing in the Exploration and Production (E&P) sub-sector of the country's Oil and Gas sector, PetroVina is interested in the upstream and the midstream sectors. We are trying to attract investments that will be able to provide employment for Nigerians. The kind of investors that will be able to have multiplier effects on the Nigerian economy".
Nagpur Foodgrain Prices Open- Dec 31
Wed Dec 31, 2014 7:03pm IST
 Nagpur, Dec 31 (Reuters) - Gram prices reported higher in Nagpur Agriculture Produce and
Marketing Committee (APMC) on increased marriage season demand from local millers amid thin arrival from producing belts. Freshs rise in Madhya Pradesh gram prices and enquiries from
South-based millers also pushed up prices, according to sources.

               *            *              *              *

    FOODGRAINS & PULSES
    GRAM
   * Desi gram raw zoomed up again in open market on good marriage season demand
     from local traders amid tight supply from producing regions.

     TUAR
   * Tuar gavarani recovered nominally in open market on renewed demand from local
     traders amid weak supply from producing regions.
   * Moong and udid varieties touched to a record high in open market on increased
     seasonal demand from local traders amid tight supply from producing regions. Weak
     production reports also activated stockists. 
                                                                                       
   * In Akola, Tuar - 4,700-4,900, Tuar dal - 7,100-7,400, Udid at 6,700-6,900,
     Udid Mogar (clean) - 7,500-7,700, Moong - 7,800-8,000, Moong Mogar
    (clean) 9,700-10,100, Gram - 2,500-2,700, Gram Super best bold - 3,600-3,900
     for 100 kg.
   * Wheat, rice and other commodities remained steady in open market
     in thin trading activity, according to sources.
      
 Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg

     FOODGRAINS                 Available prices     Previous close  
     Gram Auction                2,900-3,400         2,870-3,350
     Gram Pink Auction            n.a.           2,100-2,600
     Tuar Auction                n.a.                4,000-4,200
     Moong Auction                n.a.                6,200-6,400
     Udid Auction                n.a.           4,300-4,500
     Masoor Auction                n.a.              2,600-2,800
     Gram Super Best Bold            4,150-4,300        4,150-4,300
     Gram Super Best            n.a.               
     Gram Medium Best            3,900-4,000        3,900-4,000
     Gram Dal Medium            n.a.            n.a.
     Gram Mill Quality            3,000-3,100        3,000-3,100
     Desi gram Raw                3,100-3,400         3,100-3,400
     Gram Filter new            3,300-3,700        3,300-3,700
     Gram Kabuli                8,600-9,900        8,600-9,900
     Gram Pink                7,300-7,500        7,300-7,500
     Tuar Fataka Best             7,700-7,800        7,700-7,800
     Tuar Fataka Medium             7,450-7,600        7,450-7,600
     Tuar Dal Best Phod            7,000-7,200        7,000-7,200
     Tuar Dal Medium phod            6,600-6,800        6,600-6,800
     Tuar Gavarani              5,550-5,650        5,500-5,600
     Tuar Karnataka             5,800-6,000        5,800-6,000
     Tuar Black                 8,300-8,700           8,300-8,700
     Masoor dal best            7,300-7,500        7,300-7,500
     Masoor dal medium            7,000-7,200        7,000-7,200
     Masoor                    n.a.            n.a.
     Moong Mogar bold               10,500-10,800       10,300-10,600
     Moong Mogar Medium best        9,800-10,200        9,700-10,200
     Moong dal Chilka            9,500-10,000        9,200-9,800
     Moong Mill quality            n.a.            n.a.
     Moong Chamki best            8,300-9,800        8,000 -9,600
     Udid Mogar Super best (100 INR/KG)    8,200-8,500       8,000-8,200
     Udid Mogar Medium (100 INR/KG)    7,700-7,900        7,600-7,800
     Udid Dal Black (100 INR/KG)        6,000-6,200        5,800-6,000
     Batri dal (100 INR/KG)        4,300-4,500        4,300-4,500
     Lakhodi dal (100 INR/kg)           2,800-3,000         2,800-3,000
     Watana Dal (100 INR/KG)        2,900-3,200        2,900-3,200
     Watana White (100 INR/KG)        2,900-3,100         2,900-3,100
     Watana Green Best (100 INR/KG)    3,850-4,450        3,850-4,450
     Wheat 308 (100 INR/KG)        1,300-1,600        1,300-1,600
     Wheat Mill quality(100 INR/KG)    1,800-1,900        1,800-1,900
     Wheat Filter (100 INR/KG)        1,200-1,400           1,200-1,400
     Wheat Lokwan best (100 INR/KG)    2,200-2,500        2,100-2,500
     Wheat Lokwan medium (100 INR/KG)    1,950-2,200        1,950-2,200
     Lokwan Hath Binar (100 INR/KG)    n.a.            n.a.
     MP Sharbati Best (100 INR/KG)    2,800-3,200        2,800-3,200
     MP Sharbati Medium (100 INR/KG)    2,300-2,500        2,300-2,500
     Wheat 147 (100 INR/KG)        1,300-1,400        1,300-1,400
     Wheat Best (100 INR/KG)        1,550-1,850        1,550-1,850    
     Rice BPT (100 INR/KG)               3,000-3,300        3,000-3,300
     Rice Parmal (100 INR/KG)        1,700-1,800        1,700-1,800
     Rice Swarna new (100 INR/KG)      2,400-2,600        2,400-2,600
     Rice HMT (100 INR/KG)               3,800-4,200        3,800-4,200
     Rice HMT Shriram (100 INR/KG)    4,500-5,300        4,400-5,300
     Rice Basmati best (100 INR/KG)    10,000-13,000        10,000-13,000
     Rice Basmati Medium (100 INR/KG)    7,000-9,600        7,000-9,600
     Rice Chinnor (100 INR/KG)        5,200-5,500        5,100-5,500
     Jowar Gavarani (100 INR/KG)        1,900-2,100        1,900-2,100
     Jowar CH-5 (100 INR/KG)        2,100-2,300        2,100-2,300

WEATHER (NAGPUR) 
Maximum temp. 28.8 degree Celsius (73.8 degree Fahrenheit), minimum temp.
15.2 degree Celsius (59.4 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : nil
FORECAST: Partly cloudy sky. Rains or thunder-showers likely towards evening or night. Maximum
and minimum temperature would be around and 29 and 18 degree Celsius respectively.
Note: n.a.--not available
 (For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)




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