29th may (fridday),2015 daily global rice e-newsletter by riceplus magazine

8/9/2019 29th May (FridDay),2015 Daily Global Rice E-Newsletter by Riceplus Magazine

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Daily Global Rice e-Newsletter

www.ricepluss.com & http://www.riceplusmagazine.blogspot.com

Contact for Blog & Daily E-Newsletter Advertisement [email protected]

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May 29 ,2015

Vol 5,Issue V

Local rice exports continue to decline

Workers at Tien Giang Food Company prepare rice for export. — VNA/VNS Photo Vu Sinh

HA NOI (VNS) — Rice exports have declined sharply in the first five months of the year,indicating that the industry is struggling, according to the Ministry of Agriculture and RuralDevelopment's latest report.In the first five months the country exported 2.4 million tonnes ofrice worth US$1.05 billion, according to ministry statistics. These represent declines of 11.4 percent and 14.6 per cent respectively over the same period last year.The average price of exported

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rice was $436.7 per tonne, falling 4.27 percent below last year's price in the same period.China remained the country'slargest rice import market. Its marketshare accounted for 34 per cent. Rice

exports to China also declined 28.11 percent in volume and 31.06 per cent in valueover the same period last year.Theministry said rice exporters were facingdifficulties in recent months due tocompetition from other large exportingcountries. At the same time the product'sglobal demand has fallen.In fact, Viet Nam's rice exports had struggled in recent

years due to low competitiveness in quality and price, compared with other major rice exporters.Experts attributed this to a lack of a prominent rice brand name.Viet Nam Food Association

statistics showed rice exports declined from 7.7 million tonnes, worth $3.45 billion in 2012; to6.6 million tonnes and $2.95 billion in 2013; and 6.5 million tonnes and $2.84 billion lastyear.Prime Minister Nguyen Tan Dung recently approved a project to develop a leadingVietnamese brand by 2020. — VNS

http://vietnamnews.vn/economy/271003/local-rice-exports-continue-to-decline.html

Nagpur Foodgrain Prices Open- May 29

Fri May 29, 2015 2:04pm IST

Nagpur, May 29 Gram and tuar prices firmed up again in Nagpur Agriculture Produceand Marketing Committee (APMC) here good seasonal demand from local millers amid tightsupply from producing regions. Healthy rise on NCDEX in gram, weak overseas tuar arrival andreported demand from South-based millers also jacked up prices, according to sources.

* * * *

FOODGRAINS & PULSESGRAM* Gram mill quality reported strong in open market on good buying support from local

traders amid weak supply from producing regions.

TUAR* Tuar black reported higher in open market on increased marriage season demand fromlocal traders amid thin arrival from producing belts.

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* Rice Chinnor showed weak tendency in open market here in absence of buyers amid goodstcok position in ready segment.

* In Akola, Tuar - 7,300-7,700, Tuar dal - 10,100-10,500, Udid at 9,100-9,600,

Udid Mogar (clean) - 10,700-11,100, Moong - 9,000-9,200, Moong Mogar(clean) 10,700-11,100, Gram - 4,200-4,500, Gram Super best bold - 6,100-6,300for 100 kg.

* Wheat, other varieties of rice and other commodities remained steady in open marketin poor trading activity, according to sources.

Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg

FOODGRAINS Available prices Previous closeGram Auction 3,700-4,440 3,600-4,320

Gram Pink Auction n.a. 2,100-2,600Tuar Auction 5,800-7,390 5,800-7,290Moong Auction n.a. 6,000-6,300Udid Auction n.a. 4,300-4,500Masoor Auction n.a. 2,600-2,800Gram Super Best Bold 6,200-6,500 6,200-6,500Gram Super Best n.a.Gram Medium Best 5,900-6,200 5,900-6,200Gram Dal Medium n.a. n.a.Gram Mill Quality 5,400-5,550 5,300-5,500Desi gram Raw 4,600-4,650 4,600-4,650Gram Filter new 6,100-6,200 6,100-6,200Gram Kabuli 5,200-6,900 5,200-6,900Gram Pink 6,400-6,600 6,400-6,600Tuar Fataka Best 10,500-10,800 10,500-10,800Tuar Fataka Medium 9,900-10,300 9,900-10,300Tuar Dal Best Phod 9,600-9,800 9,600-9,800Tuar Dal Medium phod 8,800-9,300 8,800-9,300Tuar Gavarani New 7,850-7,950 7,850-7,950Tuar Karnataka 7,900-8,000 7,900-8,000Tuar Black 10,800-11,100 10,700-11,000Masoor dal best 8,100-8,300 8,100-8,300Masoor dal medium 7,500-7,800 7,500-7,800Masoor n.a. n.a.Moong Mogar bold 11,000-11,500 11,000-11,500Moong Mogar Medium best 10,200-10,600 10,200-10,600Moong dal Chilka 9,000-9,750 9,000-9,750Moong Mill quality n.a. n.a.


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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/2015/05/29/nagpur-foodgrain-idINL3N0YK34T20150529

Why fuss over such a trivial research matter as research

respondent?

Dr. Ned Roberto Philippine Daily Inquirer

6:49 AM | Friday, May 29th, 2015

Question: Frankly speaking, we were a bit disappointed by your Marketing Rx column lastweek. Why make such a fuss over a trivial market research matter as ―the correct researchrespondent?‖ To think that you were only talking about qualitative research.We have had FGDsand FGDs and IDIs. In most of them, our respondent recruiters got for us whoever wasavailable or respondents who can talk on the subject — two respondent recruiting criteria youregarded as incorrect. But we always got useful consumer insights out of such respondents.Sowe don‘t see what difference it will make if we apply your correct IDI respondent recruitingrule.

It was clear to us that your rule is ―good in theory but not in practice.‖Even for our quantitativeresearch like our UAI or product prototype testing, we noted that your User-Friendly Marketing

Research book requires us in addition to representativeness and random selection to ask of ourrespondent sample your qualifying question, ―Are these the consumers from whom you canlearn the most?‖ Our two contracted research agencies never asked such respondent qualifyingquestion but we never got into any kind of trouble.Our UAIs had always helped identifyour appropriate target market segment and brand positioning. Our product prototypetesting never failed to tell us in what product attributes our test product is better than or not asgood as that of the competition.So again, we ask: ―What‘s with all the fuss?‖

Answer: Your candid way of speaking what‘s on your mind is endearing. But you have to beopen to exceptions to your generalizations.Let‘s talk about exceptions. While your UAIs ―hadalways helped identify (your) appropriate target market segment and brand positioning,‖ sooner

or later you will experience the humbling exception.In the UAI study for pH Care, for example,the target respondents that Unilab initially defined were the feminine wash users.It turned outthat this segment represented only 18 percent of the total market of menstruating women. Thelarger segment to go after was the 82 percent non-users. When pH Care targeted this largersegment, it gave the brand a whopping market share of 52 percent.It was also the respondentswho revealed its differentiator positioning.

http://business.inquirer.net/byline/dr.-ned-robertohttp://business.inquirer.net/source/philippine-daily-inquirerhttp://business.inquirer.net/source/philippine-daily-inquirerhttp://business.inquirer.net/source/philippine-daily-inquirerhttp://business.inquirer.net/source/philippine-daily-inquirerhttp://business.inquirer.net/source/philippine-daily-inquirerhttp://business.inquirer.net/byline/dr.-ned-robertohttp://business.inquirer.net/byline/dr.-ned-roberto


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I will say something similar about your product testing where you claim that it has ―never failedto tell (you) in what product attributes (your) test product is better or not as good ascompetition.‖Once, a telecommunications company contracted me to reanalyze its producttesting data on international remittance. The company‘s research users were unhappy with thedata analysis that its research agency did.In the product testing, the research agency asked users

of client‘s remittance service to compare it with that of competition. Another sample ofrespondents who were users of the competitor‘s remittance service were asked to compare thatwith the client‘s service. The results showed parity preference between the two ―competing‖ services. The clientcompany interpreted this result as implying that they just had to invest more in promoting their brand against that of the competitor.In the reanalysis, I found a questionnaire item that asked both respondent samples what remittance service they had used in the past and which servicethey used most often. Neither the client‘s nor the competitor‘s service ranked in the top 3. Themost used services were Western Union and unbranded door-to-door remitters who were tied forfirst place. The implications were clear. The true competitor was the consumer-defined one:Western Union and the unbranded door-to-door.For data on what attributes your test product

being better than or not as good as competition‘s, that‘s not going to come from the respondentswho were the customers of the marketer-defined competitor, the other telecommunicationscompany. It was the Western Union and the door-to-door customers who were the respondentsfrom whom to learn the most and whose responses will define the right weakness-correctingcampaign.In qualitative research, such kind of ―exceptions‖ happen. A leading consumer foodcompany once contracted me to undertake a ―reconvened FGD‖ to product-test its instant rice porridge and find out how mothers compare it with competition, which was another rice porridge brand by another consumer food company.

After trying the client‘s rice porridge, from one FGD to the next, mothers who tried cooking and

serving to their children the test porridge gave a similar response of rejection: ―Hindi masarap‖

(It does not taste good) –both the client‘s and the competitor‘s.When asked what they foundwrong, a similar set of responses was heard: ―Ang talagang masarap ay yung aming lugaw na

niluluto‖ (What really tastes good is what we cook and serve). It became clear to the client thatit should have tested against the consumer-defined competitor and that‘s no other than themothers themselves. The product testing should have asked the respondents to compare theclient‘s rice porridge with the rice porridge that the respondent mothers cook and serve.So as youcan see, getting the correct research respondent is no small matter.

That the respondents of your UAIs and product testing have ―always‖ been right is pure

coincidence.I will say the same thing about your selection of respondents for your qualitativeresearch.I end with a few words about your attitude toward research.Because you regard researchas a mere support to your marketing decisions and campaigns, in a failed decision or a flawedcampaign, you never traced to research the source of failure.But as you should have appreciatedfrom the foregoing, the role of market research has taken on a strategic significance.Thefeminine wash case, the telecom remittance case, and the rice porridge case prove that marketresearch is strategic.The correct market research is also a competitive advantage because youknow something about your consumer and your market that is unknown to your competitors.


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Keep your questions coming. Send them to me at [email protected]

http://business.inquirer.net/192681/why-fuss-over-such-a-trivial-research-matter-as-research-respondent

APEDA India (News)

International Benchmark Price

Price on: 28-05-2015

Product Benchmark Indicators Name Price

Apricots

1 Turkish No. 2 whole pitted, CIF UK (USD/t) 5975

2 Turkish No. 4 whole pitted, CIF UK (USD/t 5375

3 Turkish size 8, CIF UK (USD/t) 4375

Raisins

1 Californian Thompson seedless raisins, CIF UK (USD/t) 2370

2 South African Thompson seedless raisins, CIF UK (USD/t) 2249

Currants

1 Greek provincial, CIF UK (USD/t) 1425

2 Greek Vostizza, CIF UK (USD/t) 1534

Source:agra-net For more info

Market Watch

Commodity-wise, Market-wise Daily Price on 28-05-2015

Domestic Prices Unit Price : Rs per Qty

Product Market Center Variety Min Price Max Price

mailto:[email protected]:[email protected]:[email protected]:[email protected]


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Barley (Jau)

1 Dahod (Gujarat) Other 1200 1250

2 Deoli (Rajasthan) Other 1100 1170

3 Loharu (Haryana) Other 1200 1200

Maize

1 Amreli (Gujarat) Other 1245 1555

2 Bellary (Karnataka) Local 1229 1292

3 Kota(Rajasthan) Other 1161 1400

Grapes

1 Muktsar (Punjab) Other 2000 2500

2 Thodupuzha(Kerala) Other 2500 2700

3 Taura(Haryana) Other 2000 2000

Cabbage

1 Bonai (Orissa) Other 2000 2000

2 Aroor (Kerala) Other 2600 2800

3 Shillong(Meghalaya) Other 1000 1300

Source:agra-net For more info

Egg Rs per 100 No

Price on 28-05-2015

Product Market Center Price

1 Ahmedabad 315

2 Chittoor 343

3 Hyderabad 297


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Source: e2necc.com

Other International Prices Unit Price : US$ per package

Price on 28-05-2015

Product Market Center Origin Variety Low High

Potatoes Package: 50 lb cartons

1 Baltimore Idaho Russet 26 26

2 Dallas Nevada Russet 23.50 23.50

3 Detroit Wisconsin Russet 21 21.50

Cauliflower Package: cartons film wrapped

1 Baltimore California White 40 42

2 Detroit California White 31.50 32

3 Miami California White 36 39

Apples Package: cartons tray pack

1 Baltimore Washington Red Delicious 22 25

2 New York Virginia Red Delicious 12 12

3 Philadelphia Washington Red Delicious 17 20.50

Source:USDA

Rice Dept to unveil 7 new breeds of rice ไม มรายการวดโอ Date : 29 พฤษภาคม 2558

Thailand‘s Rice Department will celebrate this year‘s ―Rice and Farmer‘s Day‖ by unveilingseven new strains of rice. Her Royal Highness Princess Maha Chakri Sirindhorn will inauguratethis year‘s ceremony and the department will unveil seven newly approved breeds of rice. Thenew rice strains include indigenous breeds that will soon be certified with GeographicalIndicators as well as fast-growing strains that can be utilized outside of the rainy season.

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The department revealed that June 5 of every year is ―Rice and Farmer‘s Day,‖ as well as the

anniversary of the day when King Rama VIII, His Majesty King Ananda Mahidol, and KingRama IX, His Majesty King Bhumibol Adulyadej, visited the rice farms of Bang Khen districtand sowed rice seeds into the fields. It is an auspicious day for rice farming in Thailand andhonors all rice farmers in the Kingdom. The department Secretary-General revealed that there are

currently 60 million rai of rice paddies in the Kingdom, tended by approximately 17 millionfarmers. Rice exports have generated approximately 200 billion baht in annual revenue.

- See more at:http://thainews.prd.go.th/CenterWeb/NewsEN/NewsDetail?NT01_NewsID=WNSOC5805290010043#sthash.xIHXT0bL.dpuf

Basmati rice to get IPR protection as exporters support

Centre’s view

Chennai-based Intellectual Property Appellate Board is slated to hear the

claims of all the parties for three consecutive days from July 8 for granting

GI certification to Basmati riceBy: Sandip Das | Chennai | May 26, 2015 11:08 pm

country. With its exporters supporting the Centre‘s view that Madhya Pradesh can‘t be deemed

part of the Indo-Gangetic plain, decks have been cleared for Basmati‘s entry into the coveted

Geographical Indications (GI) Registry. GI protection in India would lead to similar recognitionsin other countries, which means India‘s competitors would be barred from using the Basmati tag.

India‘s basmati rice exports, which had touched a record Rs 29,000 crore in 2013-14, fell to Rs

27,600 crore in 2014-15, due to a decline in shipments to Iran.Official sources told FE that

Chennai-based Intellectual Property Appellate Board (IPAB) is slated to hear the claims of all

the parties for three consecutive days during July 8-10 for granting GI certification to basmati

rice.

The GI Registry, in a directive issued on December 31, 2013, had asked the Centre if Madhya

Pradesh could be included in the definition of traditionally basmati-growing geography, invitingstrong reactions from the commerce and agriculture ministries, which thinks the state‘s claim is

unjustified.Even as the issue was pending with the GI Registry, the Madhya Pradesh government

had moved the IPAB. The Agricultural and Processed Foods Export Development Authority

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(Apeda) has now told the IPAB that MP‘s claim is invalid. Under the Geographical Indications

of Goods (Registration and Protection) Act, 1999, Apeda is designated to be the custodian of GI

rights for farm produce.

―Considering the Madhya Pradesh case for inclusion in basmati growing region would amount to

playing with rights of those farmers who have been traditionally growing basmati in Indo-

Gangetic plain,‖ a commerce ministry official said.Leading agricultural scientists have also

opposed Madhya Pradesh‘s attempt to be included in basmati-growing regions, by stating that it

would adversely impact the ‗quality‘ of basmati rice and sully its global repute. ―Claiming rice

grown in Madhya Pradesh as basmati is not correct as we have developed seed varieties keeping

in mind agro-climatic zones of the Indo-Gangetic plain,‖ KV Prabhu, deputy director, Indian

Agricultural Research Institute (IARI), and a well-known rice breeder, had recently said.

In 2009, Apeda under the commerce ministry had applied to the GI Registry asking for exclusive

(commercial) use of the basmati tag for the grain varieties grown within the boundaries of the

Indo-Gagentic plain in Punjab, Haryana, Uttarakhand, Himachal Pradesh and 26 districts of

western Uttar Pradesh and two districts of Jammu and Kashmir.GI ascribes ‗exclusivity‘ to the

community in a defined geography rather than to an individual as in the case of trademarks and

patents.Madhya Kshetra Basmati Growers Association Samiti and a leading basmati rice

exporter, LT Foods, along with Madhya Pradesh‘s department of farmer welfare and agriculture

development, had approached the GI Registry jointly in 2013.During 2008-10, India and

Pakistan had initiated steps to register basmati under GI as ‗joint heritage‘ for protecting its

premium market abroad. But that bid did not fructify due to opposition to it within Pakistan.In

the absence of GI, many private companies have been unsuccessfully trying to register their

products as ‗basmati‘, which commands a premium in the global market. The IARI has

developed Pusa 1121 basmati rice variety, which is grown in more than 60% of basmati rice

areas.

First Published on May 27, 2015 12:09 am

The India Express


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Cuba Removed from State Terrorism List

Cleared by State

WASHINGTON, D.C.- The State Department has announced that Cuba will no longer be designated as a

state sponsor of terrorism effective immediately.

"Today's decision, made by Secretary Kerry, is an important step towards achieving normal

commercial relations between the United States and Cuba, which has long been a key goal of

U.S. rice producers, millers and exporters," said Bob Cummings, USA Rice COO. "Much work

remains, but this step is critical to improving the overall political relationship between the two

countries. USA Rice will continue its leadership role in seeking the removal of obstacles to travel

and trade with Cuba." Removing Cuba from this list also opens up eligibility for aid under the

Foreign Assistance Act (FAA), including food assistance programs managed by the U.S. Agency

for International Development. The State Department noted that, "While the United States has

significant concerns and disagreements with a wide range of Cuba's policies and actions, these

fall outside the criteria relevant to the rescission of a State Sponsor of Terrorism designation."


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Contact: Kristen Dayton (703) 236-1464

USA Rice at Seoul Food and Hotel Show; Interest in U.S.-

Grown Rice for ManufacturingBusy booth

ILSAN, SOUTH KOREA - Earlier this month, USA Rice opened its popular booth in the U.S.

pavilion of the Seoul Food & Hotel Korea exhibition here. The show is Korea's longest running,

and Asia's third largest, food trade show with more than 40,000 attendees from 39 countries.

USA Rice displayed U.S. medium and long grain rice and conducted recipe demonstrations

using U.S. medium grain rice in kimbob (rice roll wrapped with seaweed) and fried rice.

Steamed white rice was presented to showcase the performance of U.S. medium grain

rice.Approximately 1,000 registered guests from food service, food manufacturing and

distribution fields visited the USA Rice booth during the show. Among the visitors were

representatives of some major food manufacturers interested in using U.S. rice as an ingredient

for their product development, such as retort fried rice, rice cakes, and rice flour. USA Rice staff

will follow up for possible diversification of U.S. rice into food manufacturing sectors.


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The Korean government has purchased 64,000 MT of U.S. brown rice for processing purpose as

of May 15, 2015. Another tender was held on May 21, which includes 10,000 MT of USDA #1

medium grain milled rice for table rice purposes and 38,352 MT of USDA #3 Medium Grain

Brown Rice for processing purposes. Results of the tender are pending at this time.

Contact: Bill Farmer (832) 302-6710

Weekly Rice Sales, Exports Reported

WASHINGTON, DC -- Net sales of 69,700 MT for 2014/2015 were up noticeably from the

previous week and up 35 percent from the prior 4-week average, according to today's Export

Sales Highlights report. Increases were reported for Mexico (17,800 MT), Colombia (15,300

MT), Haiti (14,400 MT), Honduras (12,900 MT, including 11,000 MT switched from unknown

destinations), and New Guinea (7,500 MT, including 7,000 MT late reporting).

Decreases were reported for unknown destinations (11,500 MT) and Guatemala (4,200

MT).Exports of 61,700 MT were down 29 percent from the previous week and 12 percent from

the prior 4-week average. The primary destinations were Haiti (14,400 MT), Honduras (12,700

MT), Japan (12,000 MT), New Guinea (7,500 MT, including 7,000 MT late reporting), and El

Salvador (4,700 MT).

This summary is based on reports from exporters from the period May 15-21.

USA Rice Federation

Kharif coverage up a tad at 59.56 lakh ha

OUR BUREAU

NEW DELHI, MAY 29:

The total sown area under kharif crops stands at 59.56 lakh hectares (lh), a tad up than 59.47 lhsown during the corresponding period last year, according to data released by the AgricultureMinistry here on Friday.The area under rice is up 21.3 per cent, from 2.54 lh in 2014-15 to 3.08lh this year while oilseeds acreage has touched 0.16 lh from 0.04 lh a year ago. After rice,soyabean is the most widely cultivated Kharif crop.Sugarcane acreage slipped by 5.17 per cent to40.70 lh . Sowing of cotton is up 14.2 per cent with 8.82 lh under coverage compared to 7.72 lhearlier while area under jute and mesta touched 6.81 lh from 6.25 lh.


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stakeholders on modern methods of rice production.Addressing

the participants, the Policy Advisor of the JAK Foundation,

Nana Ama Oppong-Duah said Ghana can be self-sufficient in

rice production if policies that buttress the rice value chain are

implemented and managed well.

http://m.gbcghana.com/1.4136844

Rice supply-demand outlook improving, prices not so much

Burma, Cambodia returning to rice export market

May 28, 2015Forrest Laws | Delta Farm Press

―World consumption is expected to exceed production by 6.9 million metric tons,‖ says Dr.Childs, who contributes the rice analysis for the WAOB. ―As a result, ending stocks for 2015-16are projected to drop 7 percent to 91.5 million tons, the lowest since 2007-08. This is the third

consecutive year of declining global ending stocks of rice.‖ All the signs point to an improvedsupply and demand situation forthe global rice industry. But thatdoesn‘t mean world rice prices

will move higher any time soon,according to Nathan Childs,senior agricultural economist withUSDA‘s Economic Research

Service.The world is expected tohave record rice crops in 2015-16,

with production projected to be up1 percent from 2014-15, but totalsupplies are expected to decline

for a second consecutive year due to a smaller carry-in, he says.

Dr. Childs was the featured speaker for the University of Arkansas Extension Services‘ new

webinar series. His topic, ―2015-16 U.S. and Global Rice Outlook with Nathan Childs,‖ was atimely one for producers who have been struggling with the weather on one hand and with lowerrice prices on the other.USDA‘s World Agricultural Outlook Board, which provides theAgriculture Department‘s monthly World Agricultural Supply and Demand Estimates, isestimating world rice consumption will increase by 1 percent from 2014-15.―World consumption

is expected to exceed production by 6.9 million metric tons,‖ says Dr. Child s, who contributesthe rice analysis for the WAOB.

―As a result, ending stocks for 2015-16 are projected to drop 7 percent to 91.5 million tons, thelowest since 2007-08. This is the third consecutive year of declining global ending stocks of

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rice.‖Carry-in stocks of rice from the previous marketing year are projected to be down 8 percentfrom a year earlier, he said. ―This is the second year of a smaller carry-in with India andThailand – the two largest rice exporters – accounting for most of the projected reduction in the2015-16 carry-in.‖ http://deltafarmpress.com/rice/rice-supply-demand-outlook-improving-prices-not-so-

much?utm_source=USA+Rice+Daily%2C+May+29%2C+2015&utm_campaign=Friday%2C+December +13%2C+2013&utm_medium=email

SME Exporters to Yemen request facilities to call back cargo

May 29, 2015

Karachi, May 29, 2015 (PPI-OT): The Union of Small and Medium Enterprises ( UNISAME )

has invited the attention of the State Bank of Pakistan (SBP ) to the difficulties faced by

exporters who exported goods to Yemen under confirmed orders and request facilities for

alternative disposal.President UNISAME Zulfikar Thaver said the cargo for destination port of

Aden was off loaded at the nearby port of Djibouti due to non functioning of Aden port.However since the letter of credit was from the opening bank in Yemen, the negotiating banks

dispatched the original documents to the opening bank in Yemen.He said in the meantime there

was warfare in Yemen and the port closed compelling the vessels to divert to nearby ports.

Thaver has urged the SBP to take cognisance of the fact and facilitate those exporters who desire

to call back the goods and save them from losses.He invited the attention of the SBP to the

extraordinary demands of the negotiating banks asking exporters to return the value of the bills

discounted by them. Moreover the shipping companies are asking for double the amount of

guarantees. The exporters are not in a position to return the amounts and need time to time to

arrange disposal of the cargo and minimize the losses.

Thaver complained and requested intervention by SBP to direct the commercial banks to

cooperate with the exporters and enable and facilitate the exporters to call back the goods and

give them sufficient time to change the packing and re-export the goods without charging them

mark up and also not burdening them to provide guarantees to the shipping companies.He

pointed out that since this is an unforeseen incident and no mistake of the shippers the exporters

need to be facilitated to overcome the predicament without any penal interest and all mark up

must be waived.

For more information, contact:

Union of Small and Medium Enterprises (UNISAME)75/1 3rd Commercial Street,

Phase IV, D.H.A., Karachi, Pakistan

Tel: +92-21-35884225-6

Fax: +92-21-35380642

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Soc Trang records fragrant rice success

HCM CITY (VNS) — The cultivation of fragrant rice in the Cuu Long (Mekong) province ofSoc Trang has shown good results, according to experts.Soc Trang, the main fragrant-rice-growing in the delta, has around 148,000ha under rice, with 44 per cent of it earmarked forspeciality varieties, mostly of the fragrant kind.In 1992-2015, Soc Trang spent more than VND9 billion (US$430,000) on 20 programmes for creating and restoring speciality rice varieties.Oneof them, to create the ST fragrant rice strain, has ended with many varieties ranging from ST 1 to

ST 25.Many of them are exported at high prices.ST 5, for instance, has fetched over US$600 atonne for the past seven years.Speaking at a seminar held in the province on May 15, Ho QuangCua, deputy chairman of the Soc Trang Union of Science and Technology Associations and alsoone of the local scientists who researched and created the ST varieties, said many farmersgrowing fragrant rice made profits of 50 -70 per cent."This is the important factor for the province to develop fragrant rice."Cua and his researchgroup are planning to popularise ST varieties from 20 to 25, red ST, and purple ST so that moreof them are grown for export. The export prices of these are as high as $800 a tonne.Many co-operatives in the province have tied up with companies to ensure there are outlets for theirfragrant rice.The Hoa Loi Rice – Shrimp Co-operative in My Xuyen District is one such.MaiVan Chanh, its chairman, said farmers who grew rice on a small scale often did not know the

techniques and have supporting services.Since 2009 Can Tho city – based Gentraco Feed JointStock Company has been contracted with the co-operative to buy rice from its members.Chanhsaid it paid 20 – 25 per cent higher than the market price."The co-operative's farmers earn anaverage of VND20 million ($950) per hectare more than other farmers."Vo Tong Xuan, rector of the Southern Can Tho University, hailing Soc Trang's scientists forcreating the ST variety, said the province should solicit investment in rice drying, husking, polishing, and packaging facilities.Seminar participants said the profits from speciality ricestrains are very high, adding if the grain was grown using a proper model like the large-scale ricefields and there was co-operation between farmers, scientists, companies, and authorities,farmers could enjoy up to 84 per cent of the profit made through the chain until the rice reachesthe consumer.Le Thanh Tri, deputy chairman of the Soc Trang People's Committee, said to

further develop speciality rice farming, the province needed to dissuade individual and smallfarming and strengthen co-operation between farmers, scientists, companies, and theGovernment.The province should provide farmers with advanced technologies and create morehigh-quality rice strains suitable for harsh weather conditions, he added. — VNShttp://vietnamnews.vn/society/271059/soc-trang-records-fragrant-rice-suce
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29th may (fridday),2015 daily global rice e-newsletter by riceplus magazine

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