Were Dar’s claims about economic revival false? Worrying new export data tells all
Over a prior decade, a influx of remittances into Pakistan has taken an rare significance in a change of payments. Although remittances and collateral inflows are critical sources of unfamiliar exchange, a policymakers need to residence a descending trend in exports.
With augmenting debt payments to a IMF and other creditors, Pakistan contingency safeguard continual influx of unfamiliar sell in sequence to accommodate a obligations.Exports are a essential member of unfamiliar sell inflow. An review into a trade settlement is required as process measures to foster trade including banking valuations, taxation reliefs and exemptions, giveaway trade agreements are implemented.
Analysing trade information from a UN Comtrade, approximately half of a exports from Pakistan are unfailing to a US, China, Germany, Spain, Italy, a UK and a UAE. They comment for approximately 45% of tellurian trade.
Even yet mercantile conditions are comparatively diseased in these markets, they are a many critical destinations for exporters around a world.
On a other hand, a products exported by Pakistan are not a many renouned in tellurian trade. The tip 10 six-digit HS codes exported from Pakistan in 2015 embody weave products and cereals (semi-milled or whole-milled rice has been a tip exported product from 2005 to 2015).
The tip 10 products cumulatively comment for approximately one-third of a exports from Pakistan though usually 0.5% of a tellurian trade flow. Therefore, exports from Pakistan are not usually heavily strong in primary products and low value-added products though are also singular to products that minister negligibly to a tellurian trade.
Further investigate suggests that exports are rarely supportive to fluctuations in tellurian commodity prices, quite of wheat, string and rice. There was an ceiling trend in a tellurian prices of line from 2007 to 2011, hence augmenting a trade value of several commodities, followed by a diminution in prices.
For instance, exports of tender string increasing from $47 million in 2007 to $370 million in 2011 though decreased to $100 million in 2015. Similarly, exports of string chronicle increasing from $1.21 billion in 2008 to $2.23 billion in 2013 though decreased to $1.55 billion in 2015. Exports of semi-milled or whole-milled rice increasing from $1.1 billion in 2007 to $2.3 billion in 2008 and decreased to $1.4 billion in 2015.Although exports of primary products might move a asset during certain periods, they boost a bearing of a domestic rural zone to tellurian cost shocks.
Daily Pakistan
USA Rice Daily Wins Publishing
Award
ARLINGTON, VA -- The 28th Annual APEX Awards for
Publication Excellence have been announced, and the revamped USA Rice daily
e-newsletter, USA Rice Daily, has been named a winner in the
"most improved" category.
The APEX awards are a highly
competitive business communications contest sponsored by the editors of
Writer's Web Watch and the Writing that Works Archives.
"APEX 2016 awards were based
on excellence in graphic design, editorial content and the success of the
entry - in the opinion of the judges - in achieving overall communications
effectiveness and excellence," the contest sponsors said in a
release. "Each year, the quality of entries increases. Overall,
this year's entries displayed an extraordinary level of quality. The
APEX judges saw only the most promising publications that professional
communicators could enter. From them, they had the truly difficult task
of selecting the award-winning entries."
This year's contest saw more than
1,630 entries across 11 major categories and 100 subcategories. There
were 137 entries in the newsletter category and grand award winners included
Excellus BlueCross BlueShield, and the Appalachian Long Distance Hikers
Association.
"We have more than 4,000
subscribers and most, it seems, are accessing the Daily from their smartphones,"
said Michael Klein, USA Rice's vice president of marketing, communication,
and domestic promotion. "In January, we overhauled the USA Rice
Daily not only to refresh the look but to make it more mobile
device-friendly. We've also started adding video elements to the Daily
with links to stories that have generated well over 1,500 views so far this
calendar year."
Klein said changes to the USA
Rice Daily were done in coordination with the update of the USA Rice
website.
"The new look of both the
website and the Daily reflects a move to more image-driven
presentation," he said. "All the research we've seen points
to the power of visual content and there is no doubt that its effectiveness
continues to grow for online communication."
USA Rice Daily |
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07/26/2016 Farm Bureau Market Report
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Rice Comment
Rice futures posted huge losses in today’s
trade. Large carryover stocks and large acreage with a lack of significant drop
problems are limiting the upside potential. Today’s move puts September in
position to retest the contract low of $9.90 and November in position to retest
the contract low of $10.1
Rice biodiversity has collapsed in past 2,000 years
The first-ever DNA study of ancient rice sheds new light on where the crops came from. Bill Condie reports.
Japanese short-grain rice, Oryza sativa
or japonica – one of the two main cultivars in production today.
ULTRA.F/Getty Images
New DNA
research suggests that there has been a dramatic decrease in the biodiversity of the
world’s rice crop over the past 2,000 years.It may be the staple food of a third of the people on Earth but we rely overwhelmingly on just two domestic varieties of rice – japonica and indica – and until now, we have had only a sketchy idea where they came from.
Scientists have always assumed that the shorter stickier japonica came from northeast Asia, where it is mostly cultivated today – Japan, Korea and northern China where indica is almost unheard of.
But a new DNA study – published in Molecular Biology and Evolution – challenges that assumption.
The research discovered that both japonica and indica varieties were being cultivated in Japan and on the Korean peninsula 2,000 years ago.
The research by Japanese and Chinese scientists studied samples of ancient, carbonised rice taken from archaeological sites in Japan and Korea.
They then compared the DNA sequences of the ancient with data from modern rice. The scientists believe the indica was either common in the northeast 2,000 years ago or that it was brought from China.
But the study also shows there were many more cultivars of rice 2,000 years ago.
“Development of civilisation and technologies has accelerated further reduction of genetic diversity in the modern era,” the authors write.
Modern communications allow farmers to compare crops and settle on the most productive strains, the researchers conclude.
https://cosmosmagazine.com/biology/rice-biodiversity-has-collapse-in-past-2-000-years
No blood found at crime spot: SP
Nazar Abbas | TNN |
Jul 26, 2016, 10.51 PM IST
RAMPUR: Investigating the death of rice mill
owner Jalal Ahmad alias Laddan, in which five police personnel have been booked
for murder, the sleuths found no blood stains at the crime scene.
Giving
details, superintendent of police, Rampur, Sanjeev Tyagi told TOI,
"During the course of investigation, no blood stains were found inside the
rice mill where the owner was allegedly beaten to death by the accused
policemen."He added that after the post-mortem, the doctor said despite the wounds the deceased had, he could have been walked for 5 minutes to 7 minutes.
Two persons who had fled from the mill when a team of five policemen, including two SIs, raided the mill after getting a tip-off the premises was being used for gambling, are still at large, the SP said. Efforts are on to trace them to record their statements, he added.
Promising a fair probe into the matter, Tyagi said the guilty would not go unpunished. "Now, the family members have also accepted that the Laddan's body was found one km away from the spot in another rice mill."
Two sub inspectors and three constables were booked on Monday for allegedly beating to death the rice mill owner in Kameri tehsil, 20 km from here, after residents staged a protest at the police station concerned.
The miller's brother, Ameer Ahmad, who is also the complainant of the FIR, had alleged that the cops had beaten Laddan to death because they believed that he had hidden money in the premises.
http://timesofindia.indiatimes.com/city/bareilly/No-blood-found-at-crime-spot-SP/articleshow/53404122.cms
Six to be ordered to compensate state
SIRIVISH TOOMGUM
THE NATION July 27, 2016 1:00 am
COMMERCE Minister Apiradi Tantraporn recently
signed orders demanding that the group of six politicians and senior officials
linked to four government-to-government contracts for the sale of 6.2 million
tonnes of rice provide compensation for financial losses connected to the
allegedly fake deals.
The Commerce Ministry's Department of Foreign
Trade (DFT) expects to send the administrative orders to these six persons by
next week.
Prime Minister Prayut Chan-o-cha had asked her
to proceed with the orders and she then told the DFT to carry them out, a
ministry source who requested anonymity said yesterday.
These six persons have the right to appeal the
orders to a court within 90 days of the date of receipt.
The National Anti-Corruption Commission has
indicated that there are grounds to demand compensation from these six persons
over the Bt20-billion G2G rice deals.
They are former commerce minister Boonsong
Teriyapirom, his then-deputy Poom Sarapol, former secretary to the Commerce
Ministry Weerawut Wajanaphukka, former DFT director-general Manas Soiploy, his
then-deputy Tikhumporn Natvaratat, and the DFT's former director of foreign
rice trade, Akharapong Chuaikliang.
Meanwhile, the Thailand Development Research
Institute (TDRI) said the junta might need to consider invoking Article 44 of
the interim charter to fast-track the release of low-grade rice in the
government's stockpiles to industrial users in order to clear out all inventory
quickly.
That would help quickly reduce inventory
storage and related costs, Nipon Poapongsakorn, a distinguished TDRI fellow and
head of a study on the issue, said during his presentation of the paper to the
public.
Of the 9.7 million tonnes of rice remaining in
the state's granaries, about 4.6 million tonnes is estimated to be of poor
quality or substandard. This substandard rice needs a special mechanism to
facilitate effective management and release.
All the stockpiles should be completely cleared
out within two years to avoid inventory and other costs, which run about Bt18
billion per year, the study says.
The government should release its rice on a
regular basis such as twice a month to complete the release in two or three
years before the rice starts deteriorating, it says. No government should
intervene in the price mechanism of any kind of farm product and keep products
in storage, to avoid any related costs or losses.
The TDRI study was funded by the Agricultural
Research Development Agency. It mainly focused on which is the best way to
release rice at the least cost and with the least impact on rice farmers.
Pramote Vanichanont, honorary president of the
Thai Rice Millers Association, said at the event yesterday in support of the
recommendation that Article 44 would enable the exemption of some rules, which
would allow agencies to clear out the low-grade rice quickly.
The government should draw up new ways to
strengthen the rice industry, otherwise governments would have to subsidise
rice sales every year, he said.
In a subsidy programme, the Yingluck Shinawatra
government pledged 34.5 million tonnes of paddy rice, of which 18.07 million
tonnes was sold.
http://www.nationmultimedia.com/business/Six-to-be-ordered-to-compensate-state-30291484.html
TEVTA to provide trained human resource to rice millers
By Webmaster -
July 26, 2016
Salim Ahmed
Lahore —TEVTA will in collaboration of Rice
Export Association of Pakistan (REAP) will offer three months duration demand
driven short courses for Technicians, Millar and Machine Operator for Rice
Mills.An MoU in this regard has been signed between TEVTA and Rice Export
Association of Pakistan (REAP). Chairperson TEVTA Irfan Qaiser Sheikh and
Chairman REAP Muhammad Shafique signed the MoU. Representatives of Association
Muhammad Kashif, Shahid Tarrat, Ali Hussam Afzal, Peer Nazim, Naveed Pirzada,
Atique Salam, Taufeeq Ahmed, Riaz Ahmad, Aqib Chaudhry, TEVTA Officers Akhtar
Abbas Bharwana Engr. Azhar Iqbal Shad, Amir Aziz, Ayesha Qazi, Maqsood Ahmed,
Uzma Nadia, Umber Chattha, Sarfraz Anwar and other officers were also present.
On this occasion, Irfan Qaiser Sheikh said that TEVTA and REAP are joining hands to enhance the employability of skilled workforce for the socio-economic uplift of Pakistani youth. 1500 youth will be trained in these courses during a year. All these courses will be offered in TEVTA designated institutes whereas 2 month on-the-job training will be conducted at the rice mills nominated by REAP. All trainees will be provided stipend during their training period. TEVTA will also arrange Faculty for these courses. Curricula with the collaboration of REAP will also be designed. PBTE/TTB will conduct the examination and pass outs will be provided certification. TEVTA will also offer Recognition of Prior Learning (RPL) certification to the uncertified workforce presently working in different member organizations of REAP
http://pakobserver.net/2016/07/26/tevta-to-provide-trained-human-resource-to-rice-millers/
Pakistan assures China of 'smooth progress' of economic corridor
Last Updated: Monday, July 25, 2016 - 21:10
"As this year marks the 65th anniversary of the establishment of bilateral ties, China is willing to work with Pakistan to develop the building of the China-Pakistan Economic Corridor to achieve mutual development," Chinese Vice Premier Zhang Gaoli told a Pakistan ruling party PML-N delegation led by Punjab Province Chief Minister Shahbaz Sharif.
Trending Now
"With already friendly relations with the Pakistan Muslim League, the Communist Party of China looks forward to enhancing high-level exchanges and sharing experiences in state governance with the party," he said.Shahbaz, who is Prime Minister Nawaz Sharif's brother, expressed sympathy for the residents of flood-hit areas in China and said 10,000 tonnes of rice would be donated by Pakistan, state-run Xinhua news agency reported.
"Pakistan will take measures to cooperate with China to facilitate the smooth progress of the economic corridor programme," Sharif said.
Sharif's remarks come amid security concerns over the construction of the corridor that will pass through PoK.
In May, a Chinese engineer and his Pakistani driver were injured in a roadside blast in Karachi, claimed by a little-known separatist group that vowed to derail the ambitious project.
India has already protested to China over the project as it passes through PoK.
The China-Pakistan Economic Corridor is a pilot project under the Belt and Road initiative.
China and Pakistan recently launched a host of projects focusing on energy and transport infrastructure, it said.
http://zeenews.india.com/news/world/pakistan-assures-china-of-smooth-progress-of-economic-corridor_1911505.html?fromNewsdog=1
Nigeria spends N1b daily on rice imports, says Onu
Adamu Suleimanon: July
26, 2016
He reiterated Federal Government’s focus on food security, saying Nigeria has no business importing food.
He said: ”It is lamentable that, the country is spending over N1 billion daily, on importing rice, for instance.”
Onu said its time every Nigerian takes agriculture more seriously, adding that Nigeria must feed Nigerians.
“There is no reason Nigerians will go to bed at night on an empty stomach,” he insisted. Onu who spoke in Sokoto yesterday while interacting with Senate members of the Usmanu Danfodiyo University, Sokoto said the Ministry was now focusing more on ensuring food security in the country.
He said more needed to be done to realise the lofty dreams for a stable and prosperous nation in food self sufficiency.
“Nigeria must also work hard in the area of the diversification of her energy sources and renewable energy is the key to unlocking her huge potentials,” he added.
He commended the university for rendering huge support to the Sokoto Energy Research Centre, which had enabled it to remain as a centre of excellence on renewable energy.
Speaking, the Director-General of the Energy Commission of Nigeria (ECN), Prof. Eli Bala, said renewable energy was indispensable in realising the change agenda of the Federal Governmen
http://thenationonlineng.net/nigeria-spends-n1b-daily-rice-imports-says-onu/
Commerce Ministry draws out strategy to streamline export procedure
PETCHANET PRATRUANGKRAI
THE NATION July 26, 2016 1:00 am
THE COMMERCE Ministry has drawn up a strategy
to reduce rules and regulations on trade in strategic products, starting with
rice.
The system will be started in September and
should be fully operational by next year. The model will also be adopted for
other key export products so that trade will grow strongly.
Under the measure, the ministry aims to reduce
trade regulations by 83 per cent, which could cut exporters' costs by 60 per
cent and reduce the time consumed by rice-export paperwork by 20 days.
Commerce Minister Apiradi Tantraporn said her
ministry would continue to apply this model to other products so that exporters
would be able to save cost, time and effort.
"With this added convenience, the
country's trade should growth strongly as exporters will be encouraged to ship
more at any time," she said.
Other products that will adopt this model
include sugar, rubber and frozen foods.
Under the strategy, the ministry has followed
the "national single window" plan and facilitated a paperless system.
It has also adjusted the export system to an electronic platform to make
procedures less complicated and reduce documentation. An e-payment system has
also been adopted so that exporters will be able to save time and transport
costs.
Seven government agencies and three
private-sector organisations will be involved in the streamlining effort. They
include the Internal Trade Department along with provincial Commerce Ministry
offices, the Foreign Trade Department, the Customs Department, the Agriculture
Department, the Disease Control Department, the Office of the Rice Inspection
Committee, surveyors, and the Board of Trade.
The government plans to reduce the 14
activities exporters now need to carry out to only four, the number of
documents required from 70 to 38, and time consumption from 24 days to four.
The average cost of a rice-export operation has been cut from Bt12,140 to only
Bt2,076.
The ministry will also provide a "digital
signature" system for each export document to help reduce the cost of
transport for enterprises.http://www.nationmultimedia.com/business/Commerce-Ministry-draws-out-strategy-to-streamline-30291395.html
Monsoon likely to see a revival from next week
Thiruvananthapuram, July 26:
Parts of
peninsular India have been receiving showers over the past few days in what is
considered a timid revival of the monsoon even as heavy showers remain confined
in North and East India.
A more
organised revival may materialise from next week, coinciding with the first few
days of August, according to the European Centre for Medium-Range Weather
Forecasts.
Pacific Typhoon
This is
hinged on the formation of a typhoon (cyclone) in the South China Sea, west of
the Philippines, and its track further west towards Hong Kong and adjoining
South-West China.
The
westward movement of typhoons in the North-West Pacific/South China Sea is
considered beneficial to the Indian monsoon in terms of their impact on the Bay
of Bengal.
In the
instant case, the European Centre says the typhoon will send in a ‘pulse’ that
will go on to set up a much-awaited low-pressure area in the Bay in early
August (next week).
This
‘low’ will expectedly stimulate the monsoon and bring the rains back to
peninsular India, most of which has been going through a lean phase since the
first week of July.
Extended outlook
The US
Climate Prediction Centre, too, shares the outlook, signalling heavy to very
heavy rain on the West Coast right from Konkan-Mumbai to Coastal Karnataka from
July 25 to 31.
Parts of
the interior peninsular region, including Marathwada, Madhya Maharashtra, west
Madhya Pradesh, east Rajasthan, Uttar Pradesh and Bihar, too, are forecast to
receive above-normal rain.
The week
that follows may witness excess showers over Telangana, Vidarbha, Madhya
Pradesh, Chhattisgarh, Jharkhand, Punjab, Uttarakhand and Himachal Pradesh,
apart from the West Coast.
Meanwhile,
the European Centre, in its extended outlook, suggests that the monsoon will
hold up mostly normal in August and September with excess rain indicated for
parts of peninsular India.
(This article was published on July 26, 2016)
http://www.thehindubusinessline.com/economy/agri-business/monsoon-likely-to-see-a-revival-from-next-week/article8902390.ece
Ghana Rice Farmers Adopt E-Banking
By Pomeyie Caroline -
July 26, 2016
Rice Mobile Finance (RiMiFin) project by the Visa Foundation in partnership with Tigo Cash has made business transactions convenient for the local rice farmers in the Eastern and Volta region.
Due to this initiative, the farmers say they no longer experience delay in payments from aggregators and buyers. Eric Glatse, a rice farmer in the Kpong district, explained that he has been able to pay workers on time and purchase supplies through Tigo Cash.
“The added benefit of the mobile money wallet was such a relief, I don’t have to walk around with bulk cash right after harvest at the risk of robbers attacking me while in transit.”
The Ghana Country Manager of Agri-Business Systems International (ASI), Dr. Betty Anna, commended the security and convenience of the mobile money platform.
“The partnership with Tigo Cash is yielding excellent results. The farmers are able to track their payment and have quick and easy access to their funds in any location on any day of the week and more convenient times even outside formal banking hours,” she noted.
Mr Roshi Motman noted that the partnership is meant to transform the lives of smallholder rice farmers through financial inclusion and easy access to banking services.
“I am particularly happy that we are able to create an eco-system of cashless payments where the farmers could receive prompt payment for rice purchased after harvest, purchase local supplies and also send monies to their families for their upkeep,” she said.
The partners for this project include ASI, the Global Agri-Development Company Limited (GADCO), United States Agency for International Development (USAID), TIGO and the Visa Foundation
http://footprint2africa.com/ghana-rice-farmers-adopt-e-banking/
Tough
times for Vietnam's rice exports
The rice price has continued to decline in the
Mekong Delta according to the General Department of Processing and Trade for
Agro-Forestry-Fisheries Products and Salt Production.
Falling prices and lower export quantities
expected to continue into the future.
In An Giang province the price for unprocessed
IR50404 rice fell from VND4,200 ($0.18) per kilogram to VND4,000 ($0.17)
between July 11 and 15, while OM 2541 rice fell from VND4,600 ($0.20) to VND
4,500 ($0.201) and OM 2717 from VND4,800 ($0.21) to VND4,700 ($0.21).
In Vinh Long province during the week from July
10 to 16, the price of unprocessed IR50404 rice was around VND4,100 ($0.183)
per kilogram and processed rice around VND4,800 ($0.21). In Kien Giang, small
grain rice was sold for around VND5,300 ($0.23) per kilogram and long grain
rice about VND5,600 ($0.25). The free-on-board (FOB) price for 5 per cent
broken rice from the summer - autumn crop fell to $360 - $365 per ton.
The falling rice prices are due to rice
importers waiting for similar falls in Thai rice prices. On July 25, Thailand’s
Ministry of Commerce will open bidding for the sale of 3.7 million tonnes of
rice to reduce its stockpile to 6 million tonnes.
About 2.18 million tonnes will be sold to rice
exporters and 730,000 to domestic consumers, while low quality rice will be
sold to companies for other purposes.
According to the Vietnam Food Association
(VFA), the lull in the rice export market since February is expected to
continue into the future. VFA has therefore decided to cut the 2016 rice export
target to 5.65 million tonnes from 6.5 million.
In the first quarter the rice price increased
thanks to contracts signed last year with Indonesia and Philippines. After
that, however, the price began heading down. In April rice exports totaled 450,000
tonnes, down 30 per cent year-on-year, in May 400,000 tonnes, down 23 per cent,
and in June 2.657 million tonnes, down 2 per cent.
Major importers of Vietnamese rice have not
showed any signs of importing more in the near future, especially traditional
markets in Southeast Asia, VFA said.
At the end of June the national food authority
in the Philippines said the country has sufficient rice to last from July to
September, meaning it is in no hurry to import additional quantities. The
largest rice importer of Vietnamese rice, China, which accounted for about 35
per cent of Vietnam’s total in the first half, is now buying less.
The Chinese Renminbi is also becoming weaker
and this is an additional obstacle for Vietnamese rice exporters in selling
rice to the country. Fortunately, though, rice demand in China is forecast to
remain high.
The African market is the only bright spot for
Vietnam’s rice exporters. In the first half of this year imports to the
continent increased almost 11 per cent year-on-year.
The Ministry of Industry and Trade is planning
to organize a conference on rice exports at the end of July to address the
difficulties facing exporters.
http://english.vietnamnet.vn/fms/business/160903/tough-times-for-vietnam-s-rice-exports.html
Rice price rises in Nay Pyi Taw
By Htoo Thant
| Tuesday, 26 July 2016
To
the surprise of industry insiders, the price of rice in Nay Pyi Taw continues
to rise. As of the last week of July, the price of one popular brand had
reached almost K850,000 per 100 tins (each tin holds 9 gallons), entrepreneurs
said.Rates have been rising since May despite China’s refusal to legalise rice imports from Myanmar.
Ko Myo Linn Aung, who runs a rice storage facility in Pyinmana township, said the price of Ma Naw Thu Kha rice has reached almost K840,000 per 100 tins. “It rose by K20,000 to K30,000 just this month. The brand was selling at K750,000 in May, reaching K800,000 in June,” he said.
The price of other strains is also rising. Pearl Thwe cost K550,000 per 100 tins in June, but was selling at almost K600,000 this week. Less sought-after brands are going for K500,000 to K600,000 per 100 tins.
Myanmar’s most popular rice strains, Paw San Hmwe and Ayeyar Min, are not traded in Nay Pyi Taw.
Dealers are scratching their heads over the price rise. “This year is quite strange. The price is rising even though China has not issued any rice import permits. Usually, the value of rice goes up when the Chinese market opens,” said U Nay Soe on July 24.
Myanmar is trying to regain its position as a major world rice exporter and is encouraging farmers to sell to foreign markets. Rice strains such as Paw San Hmwe and Ayeyar Paday Thar have been particularly popular overseas, deputy agriculture minister U Tun Win told farmers in Magwe Region on July 12.
However, some customers are questioning the quality of Myanmar rice, he said. A shipment to Indonesia was held at the Surabaya Port earlier this year for three months for failing to comply with Indonesian rules.
“We heard they were reconsidering how much rice they wanted from Myanmar. In the meantime, our rice does not meet the food safety criteria in a number of markets, and has occasionally been rejected,” said U Nay Soe.
Nay Pyi Taw is regarded as a relatively expensive market for rice and other foodstuffs.
Ko Myo Lin Aung said, “Prices are higher in Nay Pyi Taw than the rest of the country. The rice we store here is bought in from Bago Region.”
Traders believe prices are likely to continue to rise. U Nay Soe said, “The highest prices in the year come in August, with the end of the summer paddy and before the rainy season paddy is harvested.”
http://www.mmtimes.com/index.php/business/21574-rice-price-rises-in-nay-pyi-taw.html
Port of South Louisiana to sign agreement with Cuban representatives in October
Daily
Report Staff
July 25, 2016
In the wake of the recent trade mission to Cuba
by Louisiana representatives, the Port of South Louisiana will sign a
memorandum of understanding with the National Port Administration of Cuba in
October to exchange ideas, knowledge and data with each other in the hopes of
promoting trade between Louisiana and Cuba.
“I believe it is in our mutual interest to
establish an alliance of cooperation so we can facilitate international trade
by promoting the all-water route through the Port of South Louisiana and the
ports of Cuba,” Paul Aucoin, executive director of the Port of South Louisiana,
says in a news release.
Aucoin joined Louisiana Commissioner of
Agriculture Mike Strain, three Port Commission members and more than 80
representatives from export facilities, rice farmers and Louisiana Economic
Development, among other agencies, for a week-long tour of Cuba earlier in
July. The tour included the new Port of Mariel, a state-of-the-art container
port in the western part of Cuba, a news release says. Cuban officials also
offered pointers to Louisiana officials about building a container facility
within the Port of South Louisiana.
In the release, Strain says Louisiana could
receive between a $300 million to $400 million boost in trade within just a few
years by trading with Cuba.
“It would make perfect sense for Louisiana to
expand commerce with one of its closest neighbors and historic trading
partners, a relationship that was thriving prior to the trade embargo,” the
release says.
https://www.businessreport.com/article/port-south-louisiana-sign-agreement-cuban-representatives-october
Nagpur Foodgrain Prices Open-27 July,2016
Nagpur, July 27 Gram and tuar prices moved down in Nagpur Agriculture Produce and
Marketing Committee (APMC) here on lack of demand from local millers amid good supply from
producing regions. Easy condition in Madhya Pradesh pulses and release of stock from stockists
also pulled down prices, according to sources.
* * * *
FOODGRAINS & PULSES
GRAM
* Gram varieties ruled steady in open market here matching the demand and supply
position.
TUAR
* Tuar gavarani quoted lower in open market here on poor demand from local traders
amid reports about increased overseas supply.
* Major rice varieties reported down in open market on poor demand from local traders
amid good supply from producing regions like Chhattisgarh and Madhya Pradesh.
* In Akola, Tuar New - 8,300-8,500, Tuar dal New - 12,800-13,100, Udid -
12,300-12,800, Udid Mogar (clean) - 16,200-16,900, Moong -
8,000-8,100, Moong Mogar (clean) 8,900-9,200, Gram - 7,900-8,200,
Gram Super best bold - 9,800-10,100 for 100 kg.
* Wheat and other commodities moved in a narrow range in scattered deals,
settled at last levels.
Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg
FOODGRAINS Available prices Previous close
Gram Auction 6,800-7,850 6,800-7,960
Gram Pink Auction n.a. 2,100-2,600
Tuar Auction 6,800-7,800 7,800-8,800
Moong Auction n.a. 6,400-6,600
Udid Auction n.a. 4,300-4,500
Masoor Auction n.a. 2,600-2,800
Gram Super Best Bold 10,200-10,500 10,200-10,500
Gram Super Best n.a. n.a.
Gram Medium Best 9,700-10,000 9,700-10,000
Gram Dal Medium n.a. n.a
Gram Mill Quality 8,700-8,900 8,700-8,900
Desi gram Raw 8,150-8,450 8,150-8,450
Gram Yellow 9,700-9,900 9,700-9,900
Gram Kabuli 9,100-11,100 9,100-11,100
Gram Pink 9,500-9,800 9,500-9,800
Tuar Fataka Best-New 13,000-13,300 13,000-13,300
Tuar Fataka Medium-New 12,400-12,800 12,400-12,800
Tuar Dal Best Phod-New 12,000-12,300 12,000-12,300
Tuar Dal Medium phod-New 11,100-11,600 11,100-11,600
Tuar Gavarani New 8,450-8,650 8,500-8,700
Tuar Karnataka 8,800-9,200 8,800-9,200
Tuar Black 12,100-12,900 12,100-12,900
Masoor dal best 7,500-7,700 7,500-7,700
Masoor dal medium 6,600-7,100 6,600-7,100
Masoor n.a. n.a.
Moong Mogar bold (New) 8,500-9,500 8,500-9,500
Moong Mogar Medium 7,800-8,200 7,800-8,200
Moong dal Chilka 6,600-7,400 6,600-7,400
Moong Mill quality n.a. n.a.
Moong Chamki best 8,100-8,500 8,100-8,500
Udid Mogar best (100 INR/KG) (New) 16,000-17,000 16,000-17,000
Udid Mogar Medium (100 INR/KG) 13,500-15,000 13,500-15,000
Udid Dal Black (100 INR/KG) 9,000-9,200 9,000-9,200
Batri dal (100 INR/KG) 6,300-6,800 6,300-6,800
Lakhodi dal (100 INR/kg) 5,600-5,800 5,600-5,800
Watana Dal (100 INR/KG) 4,100-4,200 4,100-4,200
Watana White (100 INR/KG) 3,800-4,000 3,800-4,000
Watana Green Best (100 INR/KG) 4,300-4,800 4,300-4,800
Wheat 308 (100 INR/KG) 1,850-1,950 1,850-1,950
Wheat Mill quality (100 INR/KG) 2,000-2,050 2,000-2,050
Wheat Filter (100 INR/KG) 1,750-1,950 1,750-1,950
Wheat Lokwan best (100 INR/KG) 2,250-2,400 2,250-2,400
Wheat Lokwan medium (100 INR/KG) 2,000-2,200 2,000-2,200
Lokwan Hath Binar (100 INR/KG) n.a. n.a.
MP Sharbati Best (100 INR/KG) 3,200-3,800 3,200-3,800
MP Sharbati Medium (100 INR/KG) 2,700-3,000 2,900-3,000
Rice BPT best New(100 INR/KG) 3,100-3,800 3,100-3,800
Rice BPT medium (100 INR/KG) 2,700-2,900 2,700-2,900
Rice Luchai (100 INR/KG) 2,500-2,700 2,500-2,700
Rice Swarna best (100 INR/KG) 2,200-2,500 2,200-2,500
Rice Swarna medium (100 INR/KG) 1,900-2,100 1,900-2,100
Rice HMT best New (100 INR/KG) 3,700-4,000 3,700-4,000
Rice HMT medium (100 INR/KG) 3,000-3,300 3,000-3,300
Rice Shriram best New(100 INR/KG) 4,500-4,900 4,500-4,900
Rice Shriram med New(100 INR/KG) 4,000-4,300 4,000-4,300
Rice Basmati best (100 INR/KG) 9,500-14,000 9,500-14,000
Rice Basmati Medium (100 INR/KG) 7,000-8,000 7,000-8,000
Rice Chinnor best New(100 INR/KG) 5,400-5,800 5,400-5,800
Rice Chinnor med. New (100 INR/KG) 5,100-5,400 5,100-5,400
Jowar Gavarani (100 INR/KG) 1,900-2,100 1,900-2,100
Jowar CH-5 (100 INR/KG) 1,700-1,850 1,700-1,850
WEATHER (NAGPUR)
Maximum temp. 31.7 degree Celsius (89.1 degree Fahrenheit), minimum temp.
23.7 degree Celsius (74.7 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : 2.5 mm
FORECAST: Generally cloudy sky. Rains or thunder-showers very likely to occur. Maximum and
minimum temperature would be around and 32 and 25 degree Celsius respectively.
Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.)
http://in.reuters.com/article/nagpur-foodgrain-idINL4N1AD3CN
Rice Prices
as on : 27-07-2016 02:40:45 PMArrivals in tonnes;prices in Rs/quintal in domestic market.
Arrivals
|
Price
|
|||||
Current
|
%
change |
Season
cumulative |
Modal
|
Prev.
Modal |
Prev.Yr
%change |
|
Rice
|
||||||
Bangalore(Kar)
|
1286.00
|
10.1
|
152631.00
|
4200
|
4200
|
-2.33
|
Jaunpur(UP)
|
650.00
|
62.5
|
3135.00
|
2060
|
2030
|
5.10
|
Manjeri(Ker)
|
290.00
|
NC
|
11600.00
|
3200
|
3200
|
-3.03
|
Gadarpur(Utr)
|
286.00
|
-86.52
|
128077.00
|
3000
|
2015
|
60.00
|
Baxirhat(WB)
|
240.00
|
-4
|
740.00
|
2300
|
2300
|
-
|
Vilthararoad(UP)
|
230.00
|
-
|
680.00
|
2090
|
-
|
6.36
|
Memari(WB)
|
210.00
|
-5.41
|
4856.00
|
2100
|
2100
|
13.51
|
Gondal(UP)
|
207.00
|
-3.72
|
13618.10
|
2050
|
2050
|
3.80
|
Roorkee(Utr)
|
180.00
|
-33.09
|
3915.00
|
2100
|
1400
|
NC
|
Azamgarh(UP)
|
175.00
|
12.9
|
5946.00
|
2230
|
2190
|
7.99
|
Shahjahanpur(UP)
|
156.00
|
-78.33
|
44601.70
|
2200
|
2200
|
8.64
|
Siliguri(WB)
|
95.00
|
-1.04
|
6223.00
|
2600
|
2600
|
-
|
Kalipur(WB)
|
92.00
|
8.24
|
6934.00
|
2350
|
2350
|
23.68
|
Faizabad(UP)
|
90.00
|
-5.26
|
4209.50
|
2260
|
2240
|
-
|
Kalna(WB)
|
90.00
|
-5.26
|
1956.00
|
2160
|
2160
|
16.76
|
P.O. Uparhali Guwahati(ASM)
|
88.00
|
7.58
|
3851.60
|
2230
|
2230
|
6.19
|
Aligarh(UP)
|
85.00
|
-5.56
|
4695.00
|
2380
|
2350
|
17.82
|
Basti(UP)
|
83.50
|
-14.36
|
5527.00
|
2050
|
2040
|
7.05
|
Pilibhit(UP)
|
80.00
|
-20
|
20302.50
|
2230
|
2235
|
2.06
|
Dhing(ASM)
|
76.00
|
-20
|
3622.20
|
1950
|
1950
|
NC
|
Ghaziabad(UP)
|
60.00
|
50
|
3405.00
|
2350
|
2340
|
8.80
|
Saharanpur(UP)
|
60.00
|
-7.69
|
6056.00
|
2390
|
2390
|
10.65
|
Ballia(UP)
|
50.00
|
25
|
7630.00
|
2090
|
2025
|
4.50
|
Kasimbazar(WB)
|
49.00
|
2.08
|
2285.50
|
2380
|
2380
|
3.48
|
Pandua(WB)
|
45.00
|
-6.25
|
2883.00
|
2800
|
2750
|
16.67
|
Gauripur(ASM)
|
42.50
|
NC
|
2964.50
|
4500
|
4500
|
NC
|
Cachar(ASM)
|
40.00
|
NC
|
2580.00
|
2500
|
2500
|
-7.41
|
Karimganj(ASM)
|
40.00
|
NC
|
1860.00
|
2200
|
2200
|
-4.35
|
Bareilly(UP)
|
38.50
|
-29.36
|
8102.10
|
2400
|
2375
|
11.63
|
Gazipur(UP)
|
38.00
|
8.57
|
2542.50
|
2110
|
2110
|
6.30
|
Achalda(UP)
|
35.00
|
75
|
4147.50
|
2245
|
2250
|
-1.75
|
Beldanga(WB)
|
33.00
|
1.54
|
2516.50
|
2380
|
2380
|
3.48
|
Lanka(ASM)
|
30.00
|
-14.29
|
3080.00
|
1800
|
1800
|
1.41
|
Jambusar(Kaavi)(Guj)
|
30.00
|
-
|
30.00
|
3500
|
-
|
-
|
Toofanganj(WB)
|
26.00
|
-
|
26.00
|
2300
|
-
|
-
|
Sambhal(UP)
|
25.00
|
92.31
|
272.00
|
2440
|
2410
|
12.70
|
Yusufpur(UP)
|
21.00
|
5
|
960.00
|
2050
|
2040
|
2.50
|
Aroor(Ker)
|
20.00
|
900
|
210.70
|
7300
|
7500
|
-17.98
|
Jasra(UP)
|
20.00
|
53.85
|
682.00
|
2250
|
2260
|
4.65
|
Alipurduar(WB)
|
20.00
|
NC
|
578.00
|
2300
|
2300
|
4.55
|
Parvathipuram(AP)
|
17.00
|
NC
|
34.00
|
3142
|
3143
|
-
|
Udala(Ori)
|
17.00
|
NC
|
919.00
|
2800
|
2800
|
7.69
|
Champadanga(WB)
|
15.00
|
50
|
1067.00
|
2650
|
2650
|
6.00
|
Jalpaiguri Sadar(WB)
|
15.00
|
7.14
|
839.00
|
2650
|
2600
|
-5.36
|
Naugarh(UP)
|
14.50
|
-12.12
|
865.50
|
2090
|
2090
|
7.73
|
North Lakhimpur(ASM)
|
13.50
|
-18.67
|
1719.80
|
1900
|
1900
|
-
|
Ramkrishanpur(Howrah)(WB)
|
13.00
|
-13.33
|
1266.50
|
2400
|
2400
|
-4.00
|
Giridih(Jha)
|
12.65
|
-19.12
|
273.43
|
3500
|
3500
|
NC
|
Kaliaganj(WB)
|
10.00
|
-33.33
|
853.00
|
2550
|
2500
|
2.00
|
Kolhapur(Laxmipuri)(Mah)
|
9.00
|
-10
|
2019.00
|
4000
|
4000
|
-
|
Mirzapur(UP)
|
9.00
|
20
|
1492.60
|
1985
|
1980
|
0.25
|
Cherthalai(Ker)
|
8.50
|
41.67
|
400.50
|
2150
|
2150
|
-15.69
|
Bolangir(Ori)
|
8.00
|
-5.88
|
336.70
|
2400
|
2300
|
9.09
|
Muradabad(UP)
|
8.00
|
-11.11
|
578.20
|
2420
|
2400
|
15.79
|
Chengannur(Ker)
|
7.50
|
50
|
667.50
|
2400
|
2400
|
-4.00
|
Tusura(Ori)
|
7.50
|
15.38
|
359.50
|
2400
|
2300
|
4.35
|
Arakalgud(Kar)
|
7.00
|
NC
|
39.00
|
2100
|
2200
|
-
|
Etah(UP)
|
7.00
|
-12.5
|
170.00
|
2260
|
2100
|
9.71
|
Firozabad(UP)
|
7.00
|
94.44
|
700.60
|
2220
|
2240
|
10.45
|
Baruipur(Canning)(WB)
|
6.50
|
12.07
|
49.20
|
2700
|
2700
|
-
|
Karsiyang(Matigara)(WB)
|
6.50
|
NC
|
136.70
|
2700
|
2700
|
-
|
Silapathar(ASM)
|
6.00
|
NC
|
684.80
|
3000
|
3000
|
NC
|
Nimapara(Ori)
|
6.00
|
33.33
|
251.00
|
1900
|
1900
|
NC
|
Dibrugarh(ASM)
|
5.80
|
26.09
|
1385.10
|
2450
|
2450
|
-
|
Raibareilly(UP)
|
5.50
|
-8.33
|
330.50
|
2100
|
2120
|
1.94
|
Raiganj(WB)
|
5.50
|
-8.33
|
990.00
|
2650
|
2600
|
1.92
|
Hailakandi(ASM)
|
4.00
|
NC
|
143.00
|
2500
|
2700
|
-7.41
|
Farukhabad(UP)
|
3.50
|
-30
|
221.20
|
2225
|
2210
|
NC
|
Alibagh(Mah)
|
3.00
|
NC
|
150.00
|
4000
|
4000
|
150.00
|
Murud(Mah)
|
3.00
|
NC
|
222.00
|
3000
|
3000
|
87.50
|
Islampur(WB)
|
3.00
|
-25
|
320.40
|
2350
|
2350
|
9.30
|
Karimpur(WB)
|
3.00
|
NC
|
100.00
|
3150
|
3150
|
NC
|
Jatni(Ori)
|
2.50
|
25
|
13.50
|
2250
|
2250
|
-
|
Bishalgarh(Tri)
|
2.50
|
NC
|
11.90
|
3000
|
2900
|
-6.25
|
Siyana(UP)
|
2.50
|
25
|
111.50
|
2220
|
2225
|
9.63
|
Melaghar(Tri)
|
2.00
|
NC
|
120.80
|
2450
|
2250
|
4.26
|
Lakhimpur(UP)
|
1.05
|
-89.5
|
202.05
|
2370
|
2350
|
10.23
|
Belthangdi(Kar)
|
1.00
|
-50
|
23.00
|
2800
|
2800
|
-
|
Khatauli(UP)
|
1.00
|
NC
|
36.50
|
2185
|
2220
|
4.05
|
http://www.thehindubusinessline.com/economy/agri-business/article8906489.ece
Rice Prices
Arrivals in tonnes;prices in Rs/quintal in domestic market.
Arrivals
|
Price
|
|||||
Current
|
%
change |
Season
cumulative |
Modal
|
Prev.
Modal |
Prev.Yr
%change |
|
Rice
|
||||||
Gadarpur(Utr)
|
2122.00
|
-39.06
|
127791.00
|
2015
|
1973
|
7.47
|
Bhivandi(Mah)
|
1200.00
|
-27.27
|
17609.00
|
3200
|
3000
|
68.42
|
Bangalore(Kar)
|
1168.00
|
-33.94
|
151345.00
|
4200
|
4200
|
-2.33
|
Ahirora(UP)
|
160.00
|
1900
|
189.50
|
1975
|
1970
|
0.77
|
Dhing(ASM)
|
95.00
|
11.76
|
3546.20
|
1950
|
1950
|
NC
|
Kalna(WB)
|
95.00
|
-5
|
1866.00
|
2160
|
2155
|
16.76
|
Kalipur(WB)
|
85.00
|
41.67
|
6842.00
|
2350
|
2350
|
23.68
|
Etawah(UP)
|
60.00
|
NC
|
19430.00
|
2260
|
2265
|
-0.88
|
Kasimbazar(WB)
|
48.00
|
-4
|
2236.50
|
2380
|
2360
|
3.48
|
Purulia(WB)
|
36.00
|
20
|
2352.00
|
2500
|
2480
|
6.84
|
Lanka(ASM)
|
35.00
|
16.67
|
3050.00
|
1800
|
1800
|
1.41
|
Gazipur(UP)
|
35.00
|
25
|
2504.50
|
2110
|
2110
|
6.30
|
Beldanga(WB)
|
32.50
|
8.33
|
2483.50
|
2380
|
2350
|
3.48
|
Kolaghat(WB)
|
20.00
|
-4.76
|
859.00
|
2300
|
2300
|
NC
|
Tamluk (Medinipur E)(WB)
|
20.00
|
NC
|
878.00
|
2300
|
2300
|
9.52
|
Lohardaga(Jha)
|
17.00
|
-24.44
|
1231.00
|
1750
|
1700
|
-12.50
|
North Lakhimpur(ASM)
|
16.60
|
147.76
|
1706.30
|
1900
|
1900
|
-
|
Ichapuram(AP)
|
16.00
|
-
|
64.00
|
2800
|
-
|
NC
|
Robertsganj(UP)
|
11.00
|
-26.67
|
654.00
|
1960
|
1940
|
5.38
|
Alappuzha(Ker)
|
10.00
|
NC
|
180.00
|
4150
|
4150
|
10.67
|
Kolhapur(Laxmipuri)(Mah)
|
10.00
|
11.11
|
2010.00
|
4000
|
3800
|
-
|
Lakhimpur(UP)
|
10.00
|
-23.08
|
583.50
|
2370
|
2340
|
10.23
|
Champadanga(WB)
|
10.00
|
100
|
1052.00
|
2650
|
2650
|
6.00
|
Cherthalai(Ker)
|
8.50
|
-
|
20.50
|
11300
|
-
|
16.49
|
Bolangir(Ori)
|
8.50
|
6.25
|
328.70
|
2300
|
2400
|
4.55
|
Mirzapur(UP)
|
7.50
|
-6.25
|
1483.60
|
1980
|
1970
|
NC
|
Tusura(Ori)
|
6.50
|
-7.14
|
352.00
|
2300
|
2400
|
NC
|
Silapathar(ASM)
|
6.00
|
20
|
678.80
|
3000
|
3000
|
NC
|
Somvarpet(Kar)
|
5.00
|
-
|
5.00
|
4148
|
-
|
-
|
Dibrugarh(ASM)
|
4.60
|
-48.89
|
1379.30
|
2450
|
2450
|
-
|
Belthangdi(Kar)
|
2.00
|
-50
|
22.00
|
2800
|
2800
|
-
|
Mangaon(Mah)
|
2.00
|
-33.33
|
45.00
|
2800
|
2800
|
12.00
|
Siyana(UP)
|
2.00
|
NC
|
109.00
|
2225
|
2150
|
9.88
|
http://www.thehindubusinessline.com/economy/agri-business/article8901559.ece
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Section 44 urged for rice sales
The government is being urged to exercise the
powerful Section 44 of the interim charter to cut red tape and speed up sales
of state rice stocks.Nipon Poapongsakorn, a distinguished fellow at Thailand
Development Research Institute (TDRI), said the government's rice sales of
750,000 tonnes over the past two years were considered relatively slow and
small compared with the 17.3 million tonnes accumulated through various rice
pledging schemes from 2011-14.Mr Nipon was speaking at a seminar jointly held
by TDRI and the Agricultural Research Development Agency yesterday.
He said the government would be subject to more
losses while rice stocks would be degraded on a gradual basis should it fail to
speed up rice sales.The government is estimated to shoulder annual warehousing
costs and interest of up to 18.3 billion baht or about 1,570 baht a tonne.Mr
Nipon suggested the government sell rice stocks twice a month both on a
whole-warehouse basis and a stack basis.Substandard rice suitable for animal
feeds or ethanol production should not be sold on the whole-warehouse basis as
this would incur hefty losses.The government could evoke Section 44 to cut
complicated state procedures in selling rice, he said.
The government is estimated to control about
4.6 million tonnes of substandard and even rotten rice no longer suitable for
human consumption.Mr Nipon said the government also needed to come up with
control measures to prevent those grains from being resold to consumers.
"According to our study, the faster the government
can sell its rice stocks, the lower the losses it will incur," he said.
TDRI estimates the government will face
additional losses of 10 billion baht should it fail to dispose of rice stocks
within a year.It estimates the rice scheme, which offered farmers prices much
higher than market prices, cost the state about 580 billion baht based on rice
prices as of May when milled rice was quoted at 14,000 baht a tonne. The losses
were earlier estimated at 540 billion baht.
Mr Nipon said the heftiest losses were incurred
largely from sales using fake government-to-government contracts without
disclosing any information.He said transparent auctions are the best way to
fetch good prices."The costly lesson we have learned from the rice
pledging programme is that the government should not think about price
intervention for all farm crops," he said. "Various and complicated
state regulations don't facilitate rice sales."
