31st august,2015 daily global regional local rice e newsletter by riceplus magazine
DESCRIPTION
Riceplus Magazine shares daily International RICE News for global Rice Community. We publish daily two newsletters namely Global Rice News & ORYZA EXCLUSIVE News for readers .You can share any development news for readers. Share your rice and agriculture related research write up with Riceplus Magazine contact [email protected] , [email protected] For Advertisement & Specs [email protected]TRANSCRIPT
All About Rice News
Daily Global Rice E-Newletter
1
For Blog & News Letter Advertisment contact to write : Mujahid Ali [email protected]
www.ricepluss.com & www.riceplusmagazine.blogspot.com
Daily Global Rice e-Newsletter
Aug ,2015
Vol 5,Issue XIII
August 31,2015
Vol 5,Issue XIII
Daily Global Rice E-Newsletter
All About Rice News
Daily Global Rice E-Newletter
2
New Headlines…
Currency moves to tag-team El Niño in Asia rice markets
NFA hit for ‗excessive‘ rice importation
Despite rain deficit, kharif sowing completed in 92% of area
Dow licenses genome-editing method for use in Chinese rice research
Arkansas Farm Bureau Daily Commodity Report
Nagpur Foodgrain Prices Open- Aug 31
Arkansas Rice Update 8-28-15
India APEDA Commodity News
Vietnam focuses on coastal eco-system, mangrove forest protection
Amber Rice Training Georgia's Future Agriculture Teachers at UGA Tifton
USA Rice Participates in FECARROZ Meeting
Crop Progress: 2015 Crop 97 Percent Headed
CME Group/Closing Rough Rice Futures
Mustard: An ingredient for every meal
Dow Chemical, ICS-CAAS Team Up for China Rice Development
Drought affects 185,451 hectares of rice seedlings in Cambodia
The government allocates highest amount in the history for purchasing paddy.
Rice price enticer
Former Thai PM appears at Supreme Court over doomed rice subsidy scheme
FG to Review Import Policy on Rice, Fish, Others
Currency moves to tag-team El Niño in Asia rice markets
By Clyde Russell, Reuters August 31, 2015 | 3:20 pm EDT
Market wisdom is that Asian rice prices are set to rally as El Nino cuts output and bulging stockpiles are
steadily eroded.There's nothing wrong with this view, but as is often the case there are some offsetting
factors that make a strong rally far from a sure thing, as can be seen by recent price movements in the
grain, the staple for some two-thirds of the world's population.Benchmark Thai 5-percent broken white
rice staged a 10 percent rally from a 7 1/2-year low of $367.50 a tonne on June 24 to a recent peak of
$405 on July 17.However, since then, it has dropped back to a fresh low of $362.50 a tonne on Aug. 27,
making the rally very short-lived.
Part of this is the general malaise that has roiled most commodity markets, but part is also that buyers
have been demanding lower prices because of the depreciation of the Thai baht.The baht has lost 10
percent of its value against the U.S. dollar since its 2015 closing high of 32.33 in April to Thursday's
All About Rice News
Daily Global Rice E-Newletter
3
close of 35.64.The fall in the baht has caused the baht price of rice to whipsaw about, but overall it is
down about 6 percent so far this year, or less than half the 13.3 drop in dollar terms.It's much the same
situation for Thailand's regional competitor in rice exports, Vietnam, which has seen its currency, the
dong, slip 6.7 percent against the dollar from the year high in early February to the close of 22,534 on
Thursday.Vietnamese 5-percent broken white rice has surrendered 12.9 percent so far this year to $337.50
a tonne, but is down only 8.2 percent in local currency terms.With the outlook for ongoing dollar gains,
especially against emerging market currencies, the chances are that buyers will apply additional pressure
on sellers to keep prices low in dollar terms.
El Nino Looms
But what of El Nino, the weather phenomenon that brings dry, hot weather to Southeast Asia and
Australia, but wetter conditions to North America.Weather forecasters have been upping their predictions
for a strong El Nino, which would last into next year and most likely cut output of rice, as well as that of
Australian wheat, soybeans in India and corn in China.Any rice production shortfall will have to be made
up from stockpiles, but how much more rice is likely to be needed and will it be enough to significantly
dent Thailand's rice mountain, built up by the ousted government as part of its generous support measures
for farmers?
Indonesia, traditionally a rice importer but trying hard to become self-sufficient, still expects to increase
its harvest by 7 percent in 2015 despite El Nino.However, El Nino may delay rice crops and lead to
imports of as much as 1.6 million tonnes this year, according to analysts, a step that would help curb
rising domestic rice prices, already the second-highest in Southeast Asia.The Philippines, another heavy
importer, also plans to boost domestic rice production in 2016, but will import more in 2015 to meet a
shortfall in this year's output.The government has already bought 750,000 tonnes this year and may
import another 250,000 before the end of the year. Private traders may add as much as 805,200 tonnes by
Nov. 30, subject to a 35 percent tariff.
China's early season rice output dropped 0.9 percent to 33.69 million tonnes in 2015 from a year earlier,
according to official figures, raising the possibility of higher imports by the world's second-biggest
economy.While it seems likely that Asia's top importers will increase purchases, there is still the question
of large stockpiles that need to be worked through.Thailand's 13-million tonne rice mountain may actually
contain only about 9 million tonnes of edible rice because of spoiling from long storage periods,
according to the U.N. Food and Agriculture Organisation (FAO).
The FAO also says that inventories have been dropping steadily in the world's five biggest exporters, after
strong shipments in 2014, and the stock-to-use ratio, the level of inventories relative to domestic
consumption and exports, will drop to 19 percent in 2015/16, the lowest since 2007/08.This indicates a
tightening of supply, but still suggests there is plenty of rice available even as El Nino makes its presence
felt.While rice prices should rise, the chances are that the process won't be even and will be influenced by
currency movements, with those exporters experiencing stronger depreciation against the dollar likely to
seek to maximize their advantage.
http://www.agprofessional.com/news/currency-moves-tag-team-el-ni%C3%B1o-asia-rice-markets
All About Rice News
Daily Global Rice E-Newletter
4
NFA hit for „excessive‟ rice importation
Data from the Bureau of Agricultural Statistics show that the June inventory was 30.9 percent higher than
the 2.31 metric tons the nation had in June last year. Philstar.com/File
MANILA, Philippines - The National Food Authority (NFA) is under fire for the ―excessive importation‖
of 2.1 million metric tons of rice for this year.As of June 1, the country had a total rice stock inventory of
3.02 million metric tons, Bayan Muna Representatives Neri Colmenares and Carlos Zarate quoted the
Department of Agriculture (DA) as saying.Data from the Bureau of Agricultural Statistics show that the
June inventory was 30.9 percent higher than the 2.31 metric tons the nation had in June last year, they
added.Despite the higher level of stocks, the NFA imported or authorized the importation of 2.1 million
metric tons for this year, Colmenares said.
The 2.1-million metric ton importation includes 500,000 MT the NFA procured from Thailand and
Vietnam – 250,000 MT programmed for the lean season, 250,000 MT as reserve volume, 300,000 MT
All About Rice News
Daily Global Rice E-Newletter
5
delivery under last year‘s minimum access volume (MAV), and 805,200 MT private sector imports from
China, India, Pakistan, Australia, El Salvador, Thailand, and Vietnam, he added.Given the rice self-
sufficiency figures from the DA, the approval and excessive importation of a total of 2.1 million MT in
rice imports for 2015 is highly irregular and doubtful, Colmenares said.Headlines ( Article MRec ),
pagematch: 1, sectionmatch: 1
―Even NFA has admitted that the importation would cause the farm-gate price of palay to go down from
its current price of P17 per kilo,‖ he said.Zarate said the Aquino administration is doing what the Arroyo
administration had done.Aquino criticized his predecessor in his previous State of the Nation Address
speeches for over-importing rice, especially during election time.
And yet, his administration is importing more rice at a time when the next elections are just around the
corner, Zarate added.Aquino has not kept his promise to go after NFA officials and other persons behind
the over-importation of rice during the Arroyo administration, he said
http://www.philstar.com/headlines/2015/08/31/1494187/nfa-hit-excessive-rice-importation
Despite rain deficit, kharif sowing completed in 92% of area Our Bureau
Acreage gap over last year down to 1%
New Delhi, August 28:
The divergence in Kharif season sowing figures this year compared with the last season
narrowed further this week, according to data released by the Agriculture Ministry on Friday.
The area under crops, such as rice, cotton, soyabean and sugarcane, is estimated at 967.83 lakh
hectares (lh), just 1.1 per cent higher than the corresponding period of the last year.The acreage
of pulses continues to be higher — 12 per cent more currently — while the area under cotton has
continued to fall.
Rainfall deficit
The overall acreage gap has been closing since mid-July and has become more pronounced in
recent weeks. With nearly 92 per cent of sowing completed, steady rainfall over September is
pivotal for yields.Drought conditions have continued to prevail across vast tracts of the Southern
Peninsula and Central India, which are traditionally rain-fed. As of Friday, India received 12 per
cent deficient rainfall due to the El Nino phenomenon, which agencies around the world says is
the strongest in history.According to India Meteorological Department (IMD) data, there is a 20
per cent rainfall deficit in peninsular India and a 15 per cent shortfall in the Central region. While
the North-West had recorded a surplus through the beginning of August, it now has a 7 per cent
deficit. Of the 36 sub-divisions, 15 have received deficient rain. Marathwada, central
Maharashtra, north interior Karnataka, Kerala, Telangana, Bihar, east and west Uttar Pradesh are
among the most acutely affected regions.
All About Rice News
Daily Global Rice E-Newletter
6
All About Rice News
Daily Global Rice E-Newletter
7
Crop data
Pulses, such as arhar (tur), urad and moong, have been sown across 105.52 lh (94.18 lh). Moong
and urad coverage is up nearly 20 per cent and 13.3 per cent, respectively.The area under coarse
cereals is up a little more than 3 per cent over the year with 172.5 lh being covered so far with
crops, such as jowar, bajra and Kharif maize.
Oilseeds acreage stands at 174.59 lh, only 1.4 per cent higher than the 172.26 lh recorded in the
same period last year. Soyabean and sesamum areas are higher, but castor and groundnut
coverage have slipped nearly 11 per cent and 3 per cent, respectively. Cotton sowing has taken
place over 112.68 lh — around 8 per cent lower than the 122.5 lh sown at the same time last
year. The area under jute and mesta remains stagnant and continues to be about 4 per cent lower.
Rice, the main Kharif foodgrain, has been planted on 345.89 lh, marginally higher than the
corresponding coverage last year, while the sugarcane area is up 3.5 per cent at 48.84 lh, the
same as last week.
http://www.thehindubusinessline.com/economy/despite-rain-deficit-kharif-sowing-completed-in-92-of-
area/article7591437.ece
El Nino, depreciation impact rice market 10:35 am, August 30, 2015
All About Rice News
Daily Global Rice E-Newletter
8
ReutersLAUNCESTON, Australia — Market wisdom is that Asian rice prices are set to rally as
El Nino cuts output and bulging stockpiles are steadily eroded.There‘s nothing wrong with this
view, but as is often the case, there are some offsetting factors that make a strong rally far from a
sure thing, as can be seen by recent price movements in the grain, the staple for some two-thirds
of the world‘s population.Benchmark Thai 5-percent broken white rice staged a 10 percent rally
from a 7½-year low of $367.50 a ton on June 24 to a recent peak of $405 on July 17.However,
since then, it has dropped back to a fresh low of $362.50 a ton on Aug. 27, making the rally very
short-lived.Part of this is the general malaise that has roiled most commodity markets, but part is
also that buyers have been demanding lower prices because of the depreciation of the Thai baht.
The baht has lost 10 percent of its value against the U.S. dollar since its 2015 closing high of
32.33 in April to Thursday‘s close of 35.64.The fall in the baht has caused the baht price of rice
to whipsaw about, but overall it is down about 6 percent so far this year, or less than half the 13.3
drop in dollar terms.It‘s much the same situation for Thailand‘s regional competitor in rice
exports, Vietnam, which has seen its currency, the dong, slip 6.7 percent against the dollar from
the year high in early February to the close of 22,534 on Thursday.Vietnamese 5-percent broken
white rice has surrendered 12.9 percent so far this year to $337.50 a ton, but is down only 8.2
percent in local currency terms.With the outlook for ongoing dollar gains, especially against
emerging market currencies, the chances are that buyers will apply additional pressure on sellers
to keep prices low in dollar terms.But what of El Nino, the weather phenomenon that brings dry,
hot weather to Southeast Asia and Australia, but wetter conditions to North America.
Weather forecasters have been upping their predictions for a strong El Nino, which would last
into next year and most likely cut output of rice, as well as that of Australian wheat, soybeans in
India and corn in China.Any rice production shortfall will have to be made up from stockpiles,
but how much more rice is likely to be needed and will it be enough to significantly dent
Thailand‘s rice mountain, built up by the ousted government as part of its generous support
measures for farmers?
Indonesia, traditionally a rice importer but trying hard to become self-sufficient, still expects to
increase its harvest by 7 percent in 2015 despite El Nino.However, El Nino may delay rice crops
and lead to imports of as much as 1.6 million tons this year, according to analysts, a step that
would help curb rising domestic rice prices, already the second-highest in Southeast Asia.The
Philippines, another heavy importer, also plans to boost domestic rice production in 2016, but
will import more in 2015 to meet a shortfall in this year‘s output.
The government has already bought 750,000 tons this year and may import another 250,000
before the end of the year. rivate traders may add as much as 805,200 tons by Nov. 30, subject to
a 35 percent tariff.China‘s early season rice output dropped 0.9 percent to 33.69 million tons in
2015 from a year earlier, according to official figures, raising the possibility of higher imports by
the world‘s second-biggest economy.While it seems likely that Asia‘s top importers will increase
purchases, there is still the question of large stockpiles that need to be worked
through.Thailand‘s 13-million ton rice mountain may actually contain only about 9 million tons
All About Rice News
Daily Global Rice E-Newletter
9
of edible rice because of spoiling from long storage periods, according to the U.N. Food and
Agriculture Organization (FAO).
The FAO also says that inventories have been dropping steadily in the world‘s five biggest
exporters, after strong shipments in 2014, and the stock-to-use ratio, the level of inventories
relative to domestic consumption and exports, will drop to 19 percent in 2015/16, the lowest
since 2007/08.This indicates a tightening of supply, but still suggests there is plenty of rice
available even as El Nino makes its presence felt.While rice prices should rise, the chances are
that the process won‘t be even and will be influenced by currency movements, with those
exporters experiencing stronger depreciation against the dollar likely to seek to maximize their
advantage
http://the-japan-news.com/news/article/0002387027
Dow licenses genome-editing method for use in Chinese rice
research
by Crop Protection News Report | Sunday, Aug 30, 2015 @ 2:12pm
Dow AgroSciences LLC said late last week that it has granted
the Institute of Crop Sciences at the Chinese Academy of
Agricultural Sciences (ICS-CAAS) a research and
commercialization license to use Dow's EXZACT genome-
editing technology to produce genetically modified rice in
China. Under the terms of the agreement, Dow will give ICS-
CAAS a royalty-free, non-transferable license to use Dow's
EXZACT Precision Genome Editing Technology.
Dow AgroSciences, a wholly owned subsidiary of the Michigan-based Dow Chemical Company, will be
collaborating with ICS-CAAS scientists to develop a rice-genome-editing platform. ICS-CAAS scientists
will use Dow‘s EXZACT technology to increase their expertise in rice genomics, transcriptomics,
proteomics and cell biology. That could accelerate the integration of scientific knowledge about rice to
rapidly develop valuable rice products for the Chinese market.
Tim Hassinger, president and CEO of Dow AgroSciences, said the collaboration on genetically modified
rice holds great promise. ―We have a long-term commitment in China as a strategic partner for
agricultural sustainability and best practices,‖ Hassinger said. ―The EXZACT Precision Technology
collaboration with CAAS is a strong example of this commitment, which will significantly enable
Chinese scientists to improve rice research and product development, thus benefiting China‘s long-term
food security.‖
All About Rice News
Daily Global Rice E-Newletter
10
http://cropprotectionnews.com/stories/510635872-dow-licenses-genome-editing-method-for-use-in-
chinese-rice-research
Arkansas Farm Bureau Daily Commodity Report
A comprehensive daily commodity market report for Arkansas agricultural commodities with
cash markets, futures and insightful analysis and commentary from Arkansas Farm Bureau
commodity analysts.
Noteworthy benchmark price levels of interest to farmers and ranchers, as well as long-term
commodity market trends which are developing. Daily fundamental market influences and
technical factors are noted and discussed.
Soybeans
High Low
Cash Bids 910 831
New Crop 907 841
Riceland Foods
Cash Bids Stuttgart: - - - Pendleton: - - -
New Crop Stuttgart: - - - Pendleton: - - -
Futures:
High Low Last Change
Sep '15 898.00 880.75 897.50 +4.25
Nov '15 888.50 871.00 887.50 +2.00
Jan '16 893.25 876.00 892.25 +1.50
Mar '16 894.75 877.75 893.75 +1.50
May '16 897.25 880.75 896.50 +1.50
Jul '16 901.00 884.75 900.25 +1.75
All About Rice News
Daily Global Rice E-Newletter
11
Aug '16 899.75 885.00 899.75 +2.50
Sep '16 876.50 873.00 888.00 +2.50
Nov '16 884.50 867.75 883.75 +4.00
Arkansas Daily Grain Report
FOB Memphis Elevator Crops
Soybean Comment Soybeans continue to see gains today's. Another large export sale was reported today which may indicate
that foreign markets are taking advantage of low soybean prices. While there remains some concern about
the size of the crop all eyes remain on China. Soybeans need this market to remain robust if prices are to
stay between $8.50 and $9. Should the China market weaken more and this lead to slower demand we
could easily see soybean prices tumble, especially given the prospects for another big South American
Crop.
Wheat
High Low
Cash Bids 350 350
New Crop 492 382
Futures:
High Low Last Change
Sep '15 484.00 470.75 482.50 +5.50
Dec '15 486.50 476.50 485.00 +1.25
Mar '16 492.75 483.75 490.25 -1.50
May '16 497.50 489.00 494.25 -2.75
All About Rice News
Daily Global Rice E-Newletter
12
Jul '16 502.00 493.00 498.00 -3.25
Sep '16 508.75 502.00 506.50 -4.25
Dec '16 521.50 515.25 519.50 -4.75
Mar '17 529.25 -4.50
May '17 532.50 -4.50
Arkansas Daily Grain Report
FOB Memphis Elevator Crops
Wheat Comment Wheat prices were able to post modest gains despite continued weak fundamentals. Wheat prices have
little support from the fundamentals at this time and however, prices look to be trying to find a bottom
and could see a technical recovery if the broader market will provide support for prices.
Grain Sorghum
High Low
Cash Bids 370 332
New Crop 370 333
Arkansas Daily Grain Report
FOB Memphis Elevator Crops
Corn
High Low
All About Rice News
Daily Global Rice E-Newletter
13
Cash Bids 375 333
New Crop 375 337
Futures:
High Low Last Change
Sep '15 365.25 359.75 363.75 +0.50
Dec '15 377.00 370.50 375.25 +0.25
Mar '16 388.00 382.00 386.25 -0.25
May '16 394.50 388.50 392.75 -0.25
Jul '16 399.00 393.50 397.25 -0.25
Sep '16 394.00 388.00 391.75 0.00
Dec '16 401.25 395.75 399.50 +0.50
Mar '17 409.00 408.00 409.75 +0.25
May '17 415.50 415.50 416.00 +0.25
Arkansas Daily Grain Report
FOB Memphis Elevator Crops
Corn Comment Corn prices posted modest losses today as the market continues to search for bullish news. The forecast
remains mostly favorable for corn production; however the market will closely watch this to see if the
warm dry weather begins to affect the crop. The market continues to wait for additional demand news
before a major rally. Longer term traders will be watching to see if the U.S.crop shrinks which would
result in a further draw down in stocks this year.
Cotton
All About Rice News
Daily Global Rice E-Newletter
14
Futures:
High Low Last Change
Oct '15 64.1 64.1 63.74 -0.01
Dec '15 63.53 62.4 63. 0
Mar '16 63.24 62.17 62.58 -0.1
Memphis, TN Cotton and Tobacco Programs
Cotton Comment Cotton futures ended mostly lower with most active December unchanged. The market continues to be
concerned about a global economic slow down and China in particular, as it has the potential to impact
cotton demand. That concern is overshadowing the smaller U.S. crop for now. December futures
continued to retrace the gains charted in reaction to the monthly supply/demand report with the next
support at the contract low of 61.25.
Rice
High Low
Long Grain Cash Bids - - - - - -
Long Grain New Crop - - - - - -
Futures:
High Low Last Change
Sep '15 1194.0 1160.0 1188.0 +29.0
Nov '15 1224.5 1180.0 1216.0 +27.5
Jan '16 1246.0 1238.0 1245.0 +27.0
Mar '16 1278.0 1269.5 1270.0 +26.0
May '16 1291.5 1291.5 1294.0 +25.5
All About Rice News
Daily Global Rice E-Newletter
15
Jul '16 1294.5 1294.5 1313.0 +40.5
Sep '16 1195.0 1195.0 1215.5 +42.0
Rice Comment Rice futures continued to climb today. The market has taken the rice stocks report pretty much in stride,
as the totals weren't entirely unexpected. Rough rice in all positions on August 1, 2015 were up 61% from
the 2014 total. Stocks held on farms totalled 1.48 million cwt and off farm stocks totalled 41.3 million
cwt. Milled rice stocks were up nine percent from a year ago at 4.06 million cwt. November found
resistance at $12.25 today, with additional resistance at the recent high of $12.34.
Cattle
Futures:
Live Cattle:
High Low Last Change
Aug '15 147.325 144.400 145.500 -1.025
Oct '15 144.550 142.950 143.175 -0.800
Dec '15 146.725 145.200 145.325 -0.725
Feb '16 146.525 144.875 145.025 -0.875
Apr '16 145.150 143.500 143.525 -1.150
Jun '16 136.850 135.425 135.575 -1.025
Aug '16 135.100 133.650 133.675 -1.275
Oct '16 137.325 135.950 136.100 -1.225
Dec '16 137.275 -1.125
Feeders:
High Low Last Change
Sep '15 204.725 201.550 202.425 +0.025
All About Rice News
Daily Global Rice E-Newletter
16
Oct '15 200.950 197.725 198.350 -0.575
Nov '15 198.400 194.975 195.375 -1.200
Jan '16 192.275 188.875 189.475 -1.100
Mar '16 189.975 186.400 186.825 -1.825
Apr '16 190.300 187.000 187.100 -2.225
May '16 190.000 186.900 187.500 -1.450
Aug '16 190.000 188.600 188.050 -0.650
Arkansas Prices
Ash Flat Livestock Auction
Ola Livestock Auction
Springdale Livestock Auction
Oklahoma City
Oklahoma City - Feeder Cattle Auction Weighted Average Report
Cattle Comment Cattle prices closed lower today. The late rally last week failed to carryover, concerns about the broader
economy and strong dollar remain a concern for demand both in the domestic and international markets.
Hogs
Futures:
High Low Last Change
Oct '15 68.225 66.400 68.025 +1.600
Dec '15 63.725 61.975 63.525 +1.475
Feb '16 67.650 66.150 67.450 +1.275
Apr '16 71.275 70.075 71.025 +0.975
May '16 75.500 75.500 75.725 +0.900
All About Rice News
Daily Global Rice E-Newletter
17
Jun '16 79.500 78.500 79.500 +1.000
Jul '16 78.500 77.725 78.500 +0.900
Aug '16 77.400 76.500 77.350 +0.725
Oct '16 66.950 66.750 66.950 +0.625
Hog Comment
Shell Eggs Daily Midwest Regional Eggs
Daily New York Eggs
National Turkeys Weekly Weighted Average Prices for Whole Young Turkeys
Delmarva Broilers Daily Southern Broiler/Fryers
http://www.arfb.com/ag-markets-statistics/report/
Nagpur Foodgrain Prices Open- Aug 31
Nagpur, Aug 31 Gram prices reported higher in Nagpur Agriculture Produce and
Marketing Committee (APMC) here on increased festival season demand from local millers
amid weak supply from producing regions. Healthy rise in NCDEX, upward trend in Madhya
Pradesh gram prices and reported demand from South-based millers also jacked up prices,
according to sources.
* * * *
FOODGRAINS & PULSES
GRAM
* Desi gram zoomed up in open market on increased demand from local traders amid
thin supply from producing regions.
TUAR
* Tuar varieties reported down in open market here in absence of buyers amid release
of stock from stockists.
* Batri dal and Lakhodi dal reported strong in open market here on good festival
All About Rice News
Daily Global Rice E-Newletter
18
season demand from local traders amid weak supply from producing regions. Sharp rise
in other most usable pulses prices also helped to push up these commodities.
* In Akola, Tuar - 9,800-910,100, Tuar dal - 13,800-14,200, Udid at 9,400-9,700,
Udid Mogar (clean) - 11,300-11,700, Moong - 7,600-7,800, Moong Mogar
(clean) 9,200-9,800, Gram - 4,500-4,800, Gram Super best bold - 6,000-6,0200
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 4,100-4,920 4,040-4,810
Gram Pink Auction n.a. 2,100-2,600
Tuar Auction n.a. 8,500-9,775
Moong Auction n.a. 6,000-6,400
Udid Auction n.a. 4,300-4,500
Masoor Auction n.a. 2,600-2,800
Gram Super Best Bold 6,500-6,800 6,500-6,800
Gram Super Best n.a.
Gram Medium Best 5,900-6,100 5,900-6,100
Gram Dal Medium n.a. n.a.
Gram Mill Quality 5,800-5,900 5,800-5,900
Desi gram Raw 5,000-5,100 4,900-5,000
Gram Filter new 6,200-6,400 6,200-6,400
Gram Kabuli 6,400-7,500 6,400-7,500
Gram Pink 6,800-7,000 6,800-7,000
Tuar Fataka Best 14,000-14,500 14,200-14,600
Tuar Fataka Medium 13,500-13,800 13,600-13,900
Tuar Dal Best Phod 12,500-13,000 12,600-13,100
Tuar Dal Medium phod 12,000-12,300 12,100-12,400
Tuar Gavarani New 10,000-10,200 10,350-10,450
Tuar Karnataka 10,300-10,600 10,450-10,750
Tuar Black 12,200-12,500 12,600-12,900
Masoor dal best 8,600-8,800 8,600-8,800
Masoor dal medium 8,150-8,450 8,150-8,400
Masoor n.a. n.a.
Moong Mogar bold 9,600-9,900 9,600-9,900
Moong Mogar Medium best 8,200-8,800 8,200-8,800
Moong dal Chilka 8,600-8,800 8,600-8,800
Moong Mill quality n.a. n.a.
Moong Chamki best 8,400-9,200 8,400-9,200
Udid Mogar Super best (100 INR/KG) 11,700-12,000 11,700-12,000
All About Rice News
Daily Global Rice E-Newletter
19
Udid Mogar Medium (100 INR/KG) 10,600-11,000 10,600-11,000
Udid Dal Black (100 INR/KG) 9,400-9,800 9,400-9,800
Batri dal (100 INR/KG) 5,200-5,600 5,150-5,550
Lakhodi dal (100 INR/kg) 4,000-4,200 3,850-4,050
Watana Dal (100 INR/KG) 3,150-3,350 3,150-3,350
Watana White (100 INR/KG) 3,100-3,300 3,100-3,300
Watana Green Best (100 INR/KG) 3,200-3,600 3,200-3,600
Wheat 308 (100 INR/KG) 1,400-1,500 1,400-1,500
Wheat Mill quality(100 INR/KG) 1,600-1,700 1,600-1,700
Wheat Filter (100 INR/KG) 1,350-1,550 1,350-1,550
Wheat Lokwan best (100 INR/KG) 2,250-2,400 2,250-2,400
Wheat Lokwan medium (100 INR/KG) 1,950-2,100 1,950-2,100
Lokwan Hath Binar (100 INR/KG) n.a. n.a.
MP Sharbati Best (100 INR/KG) 3,400-3,700 3,400-3,700
MP Sharbati Medium (100 INR/KG) 2,750-2,900 2,750-2,900
Rice BPT New(100 INR/KG) 2,800-3,000 2,800-3,000
Rice BPT (100 INR/KG) 2,900-3,100 2,900-3,100
Rice Parmal (100 INR/KG) 1,700-1,900 1,700-1,900
Rice Swarna new (100 INR/KG) 2,300-2,450 2,300-2,450
Rice Swarna old (100 INR/KG) 2,700-2,800 2,700-2,800
Rice HMT new(100 INR/KG) 3,400-3,800 3,400-3,800
Rice HMT (100 INR/KG) 3,900-4,300 3,900-4,300
Rice HMT Shriram New(100 INR/KG) 4,200-4,500 4,200-4,500
Rice HMT Shriram old (100 INR/KG) 4,600-5,100 4,600-5,100
Rice Basmati best (100 INR/KG) 8,000-10,000 8,000-10,000
Rice Basmati Medium (100 INR/KG) 7,000-7,500 7,000-7,500
Rice Chinnor new (100 INR/KG) 4,500-4,900 4,500-4,900
Rice Chinnor (100 INR/KG) 5,400-5,700 5,400-5,700
Jowar Gavarani (100 INR/KG) 2,100-2,350 2,100-2,350
Jowar CH-5 (100 INR/KG) 2,400-2,500 2,400-2,500
WEATHER (NAGPUR)
Maximum temp. 29.7 degree Celsius (85.5 degree Fahrenheit), minimum temp.
24.5 degree Celsius (76.1 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : 0.1 mm
FORECAST: Generally cloudy sky. Rains or thunder-showers likely. Maximum and minimum
temperature
would be around and 34 and 24 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/2015/08/31/nagpur-foodgrain-idINL4N11633P20150831
All About Rice News
Daily Global Rice E-Newletter
20
Arkansas Rice Update 8-28-15
Author: Jarrod Hardke, Rice Extension Agronomist
August 28, 2015 No. 2015-26
Dr. Jarrod Hardke, Dr. Trent Roberts, & Scott Stiles
Crop Overview
The old saying goes if you don‘t have anything nice to say then don‘t say anything at all. I do
wish there were nicer things to say right now, but hopefully better days are on the horizon.To
echo previous comments, yields in the southern half of the state continue to support an estimate
of a 10% decline compared to recent years and milling yields don‘t sound too great either. This
is certainly not what anyone needed this season. However, ―recent years‖ of 2012-2014
represent the three highest state average yields ever for Arkansas. There was always going to be
a fallback from that, we were just hoping to ride the wave for one more year.
There is still hope out there. The rice that has been harvested to date was all planted in the early
window of late March through the first week of April. As we move into the later window, I do
believe that the yield situation will improve. Early numbers from the northern half of the state
suggest yields closer to recent years.From looking at fields that have been or are being harvested,
it doesn‘t look like our decline is from lack of pollination. In most cases, nearly all kernels are
full on the plants, the panicles are just small and there aren‘t that many kernels.
The number of panicle branches and number of kernels per panicle are set around internode
elongation. So the field observations suggest that conditions weren‘t favorable around internode
elongation for plants to maximize these yield components. Conditions during this time period
were daytime highs in the 90s with overnight lows hovering around 75 degrees in the southern
half of the state. Mixed into that were unseasonable cool snaps. Just speculating, plants may not
have known which way was up during that period and maybe that‘s part of the reason for the
yields we‘re currently seeing.According to DD50 enrollment, 69% of fields have reached harvest
moisture (20%) (Table 1). Dry conditions, but with heavy morning dews and low overnight
temperatures seem to have drying conditions at a moderate pace at best.
All About Rice News
Daily Global Rice E-Newletter
21
Grain Moisture and the DD50 Program
The DD50 program provides an estimate of 20% grain moisture. This is inevitably a built in
guess according to a set number of days because of the many factors that can greatly influence
the grain dry-down process, including N rate, drain date, temperature, rainfall, humidity, and
dew period. However, at this time based on samples we‘re taking from plots in Stuttgart, rice
cultivars ranging in maturity from Roy J to CL111 appear to be hitting 20% grain moisture right
in line with the DD50 estimate. If you don‘t already have fields enrolled in the DD50 program
you can do so here: http://dd50.uaex.edu/ to get predicted dates for 20% grain moisture.
Blackbird Repellent for Headed Rice
There have been a number of calls over the last couple of weeks about blackbirds in headed
rice. There is a product labeled in Arkansas called ‗Avian Control‘ that appears to have some
utility for managing this problem. Plot work involving blackbirds is virtually impossible, so we
have put out a handful of demonstrations with some growers to evaluate how well the product
works for us. Results are only observational – blackbirds aren‘t like insects, we can‘t go out and
catch them in a sweep net.
In general the results have all been positive. In situations where birds were roosting in nearby
tree lines and frequenting the adjacent field, there was success in treating only the portion of the
field closest to the tree line. However, in fields with no obvious near source of blackbirds, it was
necessary to treat the entire field. There is a wide rate range on the label – we‘ve looked at the
24 and 32 oz/acre rates.
Please remember that this product acts as a deterrent, it doesn‘t mean that birds will completely
stop entering the field and it doesn‘t kill them. They don‘t like the taste and move on. The
product is fairly short-lived, but we were told to expect 7-14 days of bird deterrence with 7 days
likely if it rained after application and 14 days more likely if it didn‘t rain. So far that seems to
hold pretty true for our demos.
All About Rice News
Daily Global Rice E-Newletter
22
Information provided on this bird repellent is simply a “passing along info” effort. Use the
product at your own risk and discretion as we have only seen it in a few large demos. Yes,
it causes rice to be distasteful to birds, but we have no indication that it will cause any
change in taste of the rice – this product and others like it are labeled and used on many
fruits, vegetables, and cereal grains.
There are likely other products with a similar active ingredient out there that are labeled for a
similar use, this is just one such product we have had the opportunity to demo. Find what works
best for you at the best price. My understanding is the cost works out to around $13/acre at ~24
oz/acre – confirm before ordering. Not cheap, but cheaper than some of the other methods I‘m
hearing people using to scare them off.
Cover Crops – Planning for Success
To read the first installment in a series on cover crops, including tips in rice production systems,
please visit the following link:
http://www.arkansas-crops.com/2015/08/25/require-planning-success/.
Weekly Market Summary
The CME September and November rice futures contracts settled 29 cents higher on the day
Friday, but 4 to 6 lower on the week. Both contracts posted solid gains Friday to erase most of
the week‘s heavy losses that occurred on Monday. In addition to pressure from outside markets,
export sales were modest last week and the U.S. dollar posted four straight days of strong gains.
From a technical perspective, in spite of wide trading ranges this week that took November rice
futures down as low as $11.435, the contract did manage to find support and settle no worse than
the $11.59-$11.60 area. Friday‘s strong gains indicate prices may again retest the $12 to $12.20
range.
CBOT Rough Rice futures settlements ($/cwt)
CME November 2015 Rough Rice, daily.
All About Rice News
Daily Global Rice E-Newletter
23
Crop Progress: For the week ending August 23, U.S. rice harvest was 18% complete, versus the five-year
average of 16%. Harvest progress is well ahead of the average pace in Louisiana at 75%
complete. Texas is slightly behind average at 55%. Arkansas is 6% harvested and Mississippi
10%, both of which are in line with the five-year average.
Export Sales: Net sales of long-grain rough rice totaled 13,856 metric tons (MT) last week; up from 7,212 the
previous week. Venezuela and Mexico were the top buyers.
Long-grain milled rice net sales totaled 10,993 MT; down from 17,950 the week prior. Haiti and
Saudi Arabia were the two largest buyers.
Long-grain rough rice sales are running about 3% ahead of last year, while long-grain milled rice
sales are 75% ahead of last year. The two large 60,000 MT sales to Iran and Iraq account for
about 56% of new crop milled rice sales to date. Iraq announced Monday a tender to purchase
30,000 MT of rice from the U.S., Uruguay, Argentina, Brazil and India. Bidding will close on
September 6, 2015.
All About Rice News
Daily Global Rice E-Newletter
24
Other News: Egypt‘s ministry of trade and industry announced Thursday a ban on the export of all types of
rice starting September 1. Last October Egypt lifted a ban medium-grain rice exports. No
indication was given as to how long the export ban would remain in effect.
Egypt to ban rice export starting September
USDA-NASS released its‘ August 1 Rice Stocks report Thursday. The total U.S. rough rice
stocks held on and off-farm on August 1, 2015 was 61% higher than a year ago. On-farm stocks
were 1.48 million cwt, compared to 305,000 cwt. last year. Off-farm stocks were 41.3 million
cwt., compared to 26.3 million a year ago. Milled rice stocks were up nine percent from a year
ago at 4.06 million cwt.
Looking specifically at Arkansas, a considerable amount of rough rice has moved out of bins
since June 1. At that time NASS estimated there was 6.4 million cwt. (14.2 million bushels) held
on-farm. As of August 1, NASS estimates there is 940,000 cwt. (almost 2.1 million bushels) of
rough rice still in on-farm storage. As rice futures rallied this summer, about 12.1 million
bushels of rice moved out of on-farm storage between June 1 and August 1.
Fuel: After trading as low as $37.75 Monday, crude oil futures made very strong gains late in the
week. The nearby October contract traded Friday just above $45 per barrel. Diesel futures
(Heating Oil) are following crude oil sharply higher and now trade about 20 cents of the mid-
week lows at $1.59. This price correction in crude oil may extend into the $48 to $54 range. The
current price levels still represent a favorable diesel buying opportunity in the cash market or as a
level to start hedging 2016 fuel.
Energies Futures Prices
NYMEX Diesel (heating oil), daily nearby.
All About Rice News
Daily Global Rice E-Newletter
25
Upcoming USDA reports: September 11 (11:00 a.m. central):
Crop Production
Supply/Demand (WASDE)
September 30 (11:00 a.m. central): Grain Stocks
Small Grains Summary
NASS Crop Progress is released each Monday afternoon at 3:00 p.m. central.
USDA-NASS Crop Progress
NASS Rice Stocks. Next release date is October 29, 2015 at 11:00 a.m. central.
USDA-NASS Rice Stocks
FAS Export Sales are released each Thursday morning at 7:30 a.m. central.
USDA-FAS Export Sales
USDA-FSA information on projected 2014 and 2015 PLC payment rates are available at this
link:
ARC/PLC Program Data
Additional Information
Arkansas Rice Updates are published periodically to provide timely information and
recommendations for rice production in Arkansas. If you would like to be added to this email
list, please send your request to [email protected].
This information will also be posted to the Arkansas Row Crops blog (http://www.arkansas-
crops.com/) where additional information from Extension specialists can be found.
More information on rice production, including access to all publications and reports, can be
found at http://www.uaex.edu/rice.
Acknowledgements
We sincerely appreciate the support for this publication provided by the rice farmers of Arkansas
and administered by the Arkansas Rice Research and Promotion Board.
All About Rice News
Daily Global Rice E-Newletter
26
The authors greatly appreciate the feedback and contributions of all growers, county agents,
consultants, and rice industry stakeholders. http://www.arkansas-crops.com/2015/08/28/arkansas-rice-update-28-15/
India APEDA Commodity News
International Benchmark Price
Price on: 28-08-2015
Product Benchmark Indicators Name Price
Apricots
1 Turkish No. 2 whole pitted, CIF UK (USD/t) 5125
2 Turkish No. 4 whole pitted, CIF UK (USD/t) 4625
3 Turkish size 8, CIF UK (USD/t) 3625
Sultanas
1 Australian 5 Crown, CIF UK (USD/t) 2968
2 Iranian natural sultanas (Gouchan), CIF UK (USD/t) 2024
3 Turkish No 9 standard, FOB Izmir (USD/t) 2350
White Sugar
1 CZCE White Sugar Futures (USD/t) 786
2 Kenya Mumias white sugar, EXW (USD/t) 691
3 Pakistani refined sugar, EXW Akbari Mandi (USD/t) 600
Source:agra-net For more info
Market Watch
Commodity-wise, Market-wise Daily Price on 29-08-2015
Domestic Prices Unit Price : Rs per Qty
All About Rice News
Daily Global Rice E-Newletter
27
Product Market Center Variety Min Price Max Price
Jowar(Sorgham)
1 Shirur (Maharashtra) Other 1751 1751
2 Haveri (Karnataka) Local 1600 1600
3 Dhone (Andhra Pradesh) Other 1500 1530
Maize
1 Bellary (Karnataka) Local 1539 1572
2 Shirur (Maharashtra) Other 1500 1500
3 Senjeri (Tamil Nadu) Other 1350 1500
Pine Apple
1 Jagraon (Punjab) Other 1800 2100
2 Ampati (Meghalaya) Other 2000 2500
3 Nagpur (Maharashtra) Other 1000 2700
Brinjal
1 Shahkot (Punjab) Other 1200 1500
2 Banki (Orissa) Other 2500 3000
3 Satara (Maharashtra) Other 1000 1600
Source:agra-net For more info
Egg Rs per 100 No
Price on 30-08-2015
Product Market Center Price
1 Pune 305
All About Rice News
Daily Global Rice E-Newletter
28
2 Nagapur 275
3 Namakkal 300
Source: e2necc.com
Other International Prices Unit Price : US$ per
package
Price on 27-08-2015
Product Market Center Origin Variety Low High
Onions Dry Package: 50 lb sacks
1 Atlanta Colorado Yellow 19 21
2 Baltimore California Yellow 17 18
3 Detroit Canada Yellow 16 16.50
Cucumbers Package: cartons film wrapped
1 Atlanta Canada Long Seedless 9 10
2 Dallas California Long Seedless 12 14
3 Miami Honduras Long Seedless 10 10
Grapes Package:19 lb containers bagged
1 Atlanta California Red Globe 25 26
2 Dallas California Red Globe 27 27
3 Detroit California Red Globe 25 29
Source:USDA
Searca study: State support to agriculture crucial as Asean
economies integrate
All About Rice News
Daily Global Rice E-Newletter
29
By: Diego Mora, InterAksyon.com
August 31, 2015 3:01 PM
Threshing palay in Nueva Ecija, file photograph by Bernard Testa, InterAksyon.com
SANTIAGO CITY, Isabela -
Herculano "Joji" Co, longtime
president of the Philippine
Confederation of Grains
Associations (Philcongrains),
says his counterparts in the
Asean continue to wonder why
subsidy has become a dirty
word among Filipino
officials.Business leaders of the
region acknowledge that Asian
rice-producing nations
subsidize their farmers to make
them competitive in the rice
market, just as Japan subsidizes its farmers to ensure they continue to plant glutinous rice.For
this reason, Co stressed, he gets to be ribbed as to the reason why the Aquino administration
seems to abandon palay producers to the vagaries of the market.He noted that the study
conducted by a team from the Southeast Asian Regional Center for Graduate Study and Research
in Agriculture (Searca) led by the late Minda C. Mangabat of the Bureau of Agricultural
Statistics (BAS), Eduardo B. Sanguyo of BAS and Mercedita A. Sombilla of the National
Economic Development Authority (NEDA), underscored the crucial importance of supporting
the rice industry, which is the linchpin of the rural economy.
Crucial support
Searca director Dr. Gil C. Saguiguit Jr. stressed the importance of the Mangabat study, since it
delved into the reasons why the total factor productivity (TFP) for rice in the country was low,
which means farmers do not maximize output from the use of fertilizer, other inputs,
mechanization, labor, improved seeds and new technology.The Searca study confirmed that
higher-yielding varieties now comprise 80 percent of the aggregate rice output of the country,
Saguiguit noted.
What the 38-page paper showed was that better rice seeds, improved technology and irrigation,
as well as optimal training of farmers are crucial factors that lead to higher yields, and these are
the inputs that farmers gobbled up in the 1960s and 1970s to raise the aggregate output and
achieve rice self-sufficiency for a spell.
All About Rice News
Daily Global Rice E-Newletter
30
Co stressed that a presentation by Dr. Flordeliza H. Bordey of the Philippine Rice Research
Institute (PhilRice), who headed a 21-member team that conducted a study of rice production in
six Asian countries from January 2013 to June 2013, confirmed that five rice-producing nations
generally provided their farmers subsidies, counting China, India, Indonesia, Thailand and down
to Vietnam.
Whose rice is cheapest?
The Bordey paper entitled "Who Produces Cheap Rice?" was presented during the Global Rice
Market and Trade Summit held in Bangkok from October 30 to 31 last year.The Bordey study
pointed out that, yield-wise, the Philippines harvested 6.34 metric tons (MT) per hectare, fourth
among the six nations, with only Vietnam, Indonesia and China ahead.Production cost was
lowest in India at $883 per hectare, followed by Vietnam at $1,059, Thailand at $1,207 and the
Philippines at $1,479. China had the most expensive cost at $1,879, followed by Indonesia at
$1,849.The level of mechanization in the Philippines was still low, and this has resulted in the
country's employing 69 man days per hectare per cropping, largely due to manual harvesting and
transplanting, second-worst to Indonesia's 80 man days per hectare.In contrast, Vietnam only
expends 23 man days per hectare, far behind Thailand's 10 man days per hectare.
Even as Filipino rice producers use power threshers, the average power cost was still $204 per
hectare, in roughly the same league as Thailand at $229 per hectare and China at $218 per
hectare, although both countries use combine harvesters extensively.
Fertilizers and inputs
Fertilizer cost runs up to $229 per hectare for Filipino rice farmers, cheaper than $241 per
hectare for Vietnam and $340 per hectare for China. An Indian farmer only spends $93 for
fertilizers per hectare while an Indonesian rice producer pays only $139 per hectare.Co noted
that for urea, a Filipino farmer spends $0.51 per kilo, the same price paid by a Thai farmer, but
potash is most expensive in the Philippines at $0.76 per kilo.Pesticide use in the country is also
declining, with rice farmers paying only $42 per hectare and applying pesticides and other inputs
six times per season, the second cheapest cost among the six countries surveyed.Finally, the
study said that the production cost for Philippine rice was $233 per MT, the cheapest among
importing countries since the cost in China was $287 per MT and $277 per MT in Indonesia.
Among the exporters, the cheapest rice was in Vietnam at $156 per MT, India at $188 per MT
and Thailand at $212 per MT.The rice exporting countries are hugely dependent on pesticides
and other agricultural inputs to battle infestation even as they come out being cost-efficient and
have the highest yield and lowest unit cost.
All About Rice News
Daily Global Rice E-Newletter
31
Subsidizing the industry
Buoyed by the Bordey findings, Piedad F. Moya, an economist and a team member from the
International Rice Research Institute (IRRI), told participants in a PhilRice conference on
September 3, 2014 that "subsidizing the agriculture industry is better than subsidizing farmers
directly."She added: "The Philippines can be competitive, come ASEAN Integration, with the
right support from the national government. Something must be done to the costly production of
rice in the country."Moya explained that, in other Asian countries, the subsidy goes directly to
the agriculture industry, in such forms as fertilizer and seed companies."In this way, every
farmer benefits from the subsidy, compared to giving seeds directly to them because it is difficult
to track if the seeds are fairly distributed," she stressed.As expected, Co said, the Philippines
provided the least subsidy to its rice farmers, pushing farmers to pay 4% monthly interest to loan
sharks who effectively "service" up to three out of four poor farmers trapped in the debt cycle.
Small farm holdings
In batting for rice self-sufficiency, the Searca team led by Mangabat pointed out in their paper
titled "Productivity in the Rice Sector in Philippine Agriculture" that "rice is cultivated in small
farms that average slightly higher than a hectare."It is the major source of livelihood of most
small farmers and agricultural landless workers. It is in consideration of the small farm
characteristics that increasing the incomes of rice households remains a big challenge."Hence,
the continuing objective of the country's agriculture sector is to increase yields in pursuit of self-
sufficiency for his major grain as well as to increase incomes and improve household welfare."
Irrigation
Co explained the Searca study was correct in arguing for irrigation coverage that is much higher
than the 68% (roughly two thirds) of all rice farms being served today.The Bordey study
confirmed that China, India, Thailand, Indonesia and Vietnam provides free irrigation services,
while the National Irrigation Administration (NIA), complained farmers belonging to the
Kilusang Magbubukid ng Pilipinas (KMP), charges them five cavans of palay or P4,500 for
every hectare watered for an entire year.Without irrigation for the thirsty rice paddies, Co said,
farmers would incur more losses and turn to the loan sharks with their 4% per month interest,
while Thai farmers pay only 0.6 percent in interest to lenders.Co said that, with up to 75% of
poor farmers dependent on informal lenders, the situation effectively renders both the Land Bank
of the Philippines (LBP), which does not lend to individual farmers anyway, and the rural banks,
hugely irrelevant.
http://www.interaksyon.com/article/116867/searca-study-state-support-crucial-as-asean-economies-
integrate 31/08/2015
All About Rice News
Daily Global Rice E-Newletter
32
Vietnam focuses on coastal eco-system, mangrove forest
protection
The safeguard of coastal eco-system and mangrove forest in the Mekong Delta region will be given a
push as phase two of the Integrated Coastal Management Programme (ICMP) recently kicked off in An
Giang province.The ICMP, built with a total budget of 8.8 million EUR (US$9.7 million) sourced from
the German, Australian, and Vietnamese Governments, will be carried out during 2015-2018 in An
Giang, Kien Giang, Bac Lieu, Ca Mau, Soc Trang provinces.
It aims to efficiently manage and protect coastal ecosystems in the Mekong Delta region to mitigate and
adapt to environmental hazards related to climate change.According to ICMP Director Nguyen Van Son,
the ICMP phase two will focus on evaluating climate change impacts on the Mekong Delta region and
piloting charging forest environment fees among fish farms in Ca Mau province.Technical and economic
norms, mangrove tree planting techniques, building regulations on protective forest management as well
as improvements in the cultivation of rice, fish and shrimp will be introduced through the programme.
The project will give support to the large-scale rice field programme and rice cultivation in response to
climate change while coordinating with the International Rice Research Institute (IRRI) and the Mekong
Delta Rice Research Institute (CLRRI) in applying information and technology to manage rice
cultivation.In addition, it builds strategies and aquaculture investment plans in the region as well as
accelerate aquaculture production in mangrove areas and construction of wave-breaks in Tran Van Thoi
district, Ca Mau province.
Son, who is also Vice Director of the forest project management board under the Ministry of Agriculture
and Rural Development, underscored that the ICMP will work with the United Nations Environment
Programme (UNEP) and Blue Solution to build a water management process and an inter-provincial
irrigational system in Long Xuyen quadrangle.During the framework of the programme, representatives
joined a field trip to study the rice-shrimp transformation model in Phu Thuan commune, Thoai Son
district, An Giang province.The first phase of the project was implemented from 2011 to 2014.
http://english.vietnamnet.vn/fms/environment/140124/vietnam-focuses-on-coastal-eco-system--
mangrove-forest-protection.html
Amber Rice Training Georgia's Future Agriculture
Teachers at UGA Tifton
By Clint Thompson, University of Georgia
Friday, August 28th, 2015
The newest addition to the University of Georgia Tifton Campus faculty has a hefty goal: train
the best agriculture teachers in the nation and produce enough graduates to fill all of the open
agricultural education teaching positions in Georgia.Amber Rice, who joined UGA prior to the
beginning of fall semester, specializes in agricultural education and has a 75 percent teaching
All About Rice News
Daily Global Rice E-Newletter
33
appointment. Agricultural education is the campus‘ most popular major, with 26 students
enrolled in the major this fall.
Amber Rice teaches in the ALEC Department on the UGA Tifton Campus. Image credit: Clint
Thompson/UGA.
―We were delighted to welcome
Amber Rice to the UGA Tifton
Campus. She leads the agriculture
teacher preparation major at UGA
Tifton, offering cutting-edge courses
and experiences for emerging
teachers,‖ said Kay Kelsey, head of
the UGA College of Agricultural and
Environmental Sciences‘ Department
of Agricultural Leadership,
Education and Communication. ―Dr.
Rice specializes in pedagogical
content knowledge, or researching
the ability of teachers to transmit
knowledge to learners.‖Rice is
participating in research to make sure
future agriculture teachers graduate
with top-notch training. Pedagogical
training involves researching ways to
teach a particular subject to a specific
audience. In Rice‘s case, she is
searching for ways to teach
agricultural knowledge more
effectively.―How can we better
prepare our student teachers to teach
content in the best ways. What are the best ways to teach plant science so that students are really
grasping that material?‖ Rice said.
These are just some of the questions she hopes to answer with her research, which is mostly
qualitative through student and teacher interviews. Working in an agricultural community like
Tifton and becoming a member of the college faculty was an opportunity Rice could not pass up.
She cherishes the one-on-one training she‘s able to provide students on a small campus like
UGA Tifton.―I really enjoy working with students. I like the small atmosphere of the Tifton
Campus with the resources and perks of being at a land-grant university like UGA,‖ Rice said.
―Especially with these students, probably 95 percent of them are going to be agriculture teachers.
Everybody has their own strengths and things they want to work on. Having that personal
relationship and being able to work with each individual student, I feel like it‘s going to make
them better teachers in the classroom.‖
All About Rice News
Daily Global Rice E-Newletter
34
All About Rice News
Daily Global Rice E-Newletter
35
The number of agriculture teachers and programs is growing rapidly in Georgia. Kelsey said
there are more than 38,000 National FFA Organization members, up from 35,000 two years ago.
Agriculture teachers typically serve as advisors for these students.But, the number of UGA
students interested in becoming teachers is decreasing. There were more than 50 agriculture
teacher openings in Georgia last year, but only 25 new UGA agricultural education graduates
were available to fill them.―The rest came from other states, other disciplines (science teachers)
and industry (people) who were not traditionally certified,‖ said Kelsey.Rice says the shortage of
qualified agriculture teachers is a problem across the nation.
―We‘re just not producing enough to fill all the positions,‖ she said. ―Last year, 100 percent of
our agriculture teachers found jobs. The industry wants them. They want our Tifton graduates.
There are jobs for them in Georgia.‖To learn more about the agricultural education program on
the UGA Tifton Campus or to contact Rice, call (229) 386-3528. Information about the academic
program at UGA Tifton can also be accessed at caes.uga.edu/campus/tifton.
http://growinggeorgia.com/news/2015/08/amber-rice-training-georgias-future-agriculture-teachers-uga-
tifton/
USA Rice Participates in FECARROZ Meeting
FECARROZ
From left: Ernesto Baron (USA Rice), Jacobo Paz Bodden (Minister of Agriculture - Honduras), Sady
Andonie and Jose Velez (INDECASA-- largest rice mill in Honduras)
ROATAN, HONDURAS—
The Central American Rice Federation (FECARROZ) invited USA Rice here earlier this month to present
at their board of directors meeting. USA Rice provided an update on the current U.S. crop and also
discussed USA Rice's proposal to develop a FECARROZ standard in order to minimize variability in the
quality of rice that is exported. Several variety developments from both the public and private sectors
were discussed during the presentation; these varieties specifically address the requests and needs of the
Central American consumer. The progress in varietal development was well received as several attendees
still had concerns about chalk and amylose content in U.S. rice.
"These types of meetings go a long way in strengthening rice industry relations between our countries,"
says Ernesto Baron, USA Rice's representative for the region. "We continue to look for opportunities for
USA Rice and its members to engage with our international consumers."
Michel Hawit
During the meeting, a new FECARROZ Director was elected for a two-year term. Michel Hawit,
president of Baprosa (rice mill) in Honduras, replaced outgoing Director Mario Solórzano, a rice miller
from Guatemala. "I would like to thank Mario Solórzano for an excellent job leading this organization
All About Rice News
Daily Global Rice E-Newletter
36
and congratulate Michel Hawit on his election as the new president of FECARROZ. We are looking
forward to our two organizations continuing to work together," said Betsy Ward, president and CEO of
USA Rice.
USA Rice also spoke about our region's promotional activities aimed at increasing U.S. rice
consumption. Currently, USA Rice conducts promotional activities in Guatemala, Honduras and El
Salvador. Activities are primarily aimed at the retail level and encouraging rice usage amongst
consumers. FECARROZ expressed interest in working together on several marketing campaigns, to
increase the usage of rice in the region.Central America, as a region, is our third largest export market this
year at over 260,000 MT through June.
Contact: Sarah Moran (703) 236-1457
Crop Progress: 2015 Crop 97 Percent Headed
WASHINGTON, DC -- Ninety-seven percent of the nation's 2015 rice acreage is headed, according to
today's U.S. Department of Agriculture's Crop Progress Report.
Rice Headed, Selected States
Week Ending
State August 30,
2014
August 23,
2015
August 30,
2015
2010-2014
average
Percent
Arkansas 97 97 99 97
California 94 85 90 81
Louisiana 100 99 100 100
Mississippi 98 97 98 97
Missouri 92 84 90 92
Texas 100 100 100 99
All About Rice News
Daily Global Rice E-Newletter
37
Six States 97 94 97 95
CME Group/Closing Rough Rice Futures
CME Group (Preliminary): Closing Rough Rice Futures for August 31
Month Price Net Change
September 2015 $11.880 + $0.290
November 2015 $12.160 + $0.275
January 2016 $12.450 + $0.270
March 2016 $12.700 + $0.260
May 2016 $12.940 + $0.255
July 2016 $13.130 + $0.405
September 2016 $12.155 + $0.420
Mustard: An ingredient for every meal
BY NATASCIA LYPNY, LEADER-POST AUGUST 31, 2015
Salty mustard peanut brittle at the Great Saskatchewan Mustard Festival held at Willow on
Wascana in Regina on Aug. 30, 2015. (Michael Bell/Regina Leader-Post)
Photograph by: Michael Bell , Regina Leader-Post
REGINA — This ain‘t your French‘s-on-a-hotdog mustard.For eight years, the Great
Saskatchewan Mustard Festival, held Sunday in Regina, has striven to prove that mustard is so
much more than a condiment; it‘s a standout ingredient in its own right.―The food‘s fantastic,
and that‘s because there are some immensely talented chefs in Regina, in Saskatchewan, and
they come here and they show off,‖ said organizer Greg Hanwell of Beer Bros. and Willow on
Wascana, where the event was held.
All About Rice News
Daily Global Rice E-Newletter
38
―When you take a Saskatchewan product like mustard and you put it in the hands of these chefs,
you got a winner.‖Hanwell said the event also serves as an important showcase of local talent
and local ingredients.―This is showing people, ‗This is the talent here. This is how good the food
is in Saskatchewan if you give it a shot,‘‖ he said.
The Leader-Post set out to determine whether the festival‘s 24 culinary creators could prove that
mustard is good any time of day.
Breakfast Often a stranger to mustard, breakfast was a toughie to pin down — until bacon‘s cousin was
located.Crave sizzled up some slow-roasted, mustard-crusted porchetta doused in honey mustard
aioli. It was served with local lemon and English cucumbers flavoured with dill and mustard. A
dill pickle with mustard and veggie skewer were served on the side.
Lunch Sprout Catering whipped out mustard and turmeric cream puffs. They were served as sliders with
chicken marinated in a spicy mustard hot sauce for 24 hours, topped with a maple Dijon mustard
sauce.
A side of potato salad made with Dijon mayonnaise and toasted mustard seeds, and sprinkled
with pickled mustard seeds, rounded out that meal.
Snack Bocados concocted a creative spin on peanut brittle for midday cravings.
Roasted peanuts dry dusted in salt were combined with mustard powder and jalapeno juice, then
added to a traditional peanut brittle recipe.
Supper
All About Rice News
Daily Global Rice E-Newletter
39
A pub favourite, butter chicken was on hand at the Beer Bros. station.
The curry was fashioned with five different kinds of mustard and poured over a mustard-infused
basmati rice.
Dessert Mustard and sweets aren‘t the strangers you might think they are. Orange Boot Bakery produced
apricot mustard turnovers spiced with buttermilk caramel and creme-anglaise.The event was
packed with mustard enthusiasts: More than 1,500 were expected to attend.A mustard festival
first, Hanwell hopes the proceeds stemming from the hundreds of visitors can support
scholarships in the culinary arts.
twitter.com/wordpudle http://www.leaderpost.com/index.html
Dow Chemical, ICS-CAAS Team Up for China Rice
Development By Zacks.com, August 31, 2015, 02:10:00 PM EDT
The Dow Chemical Company 's DOW fully-owned subsidiary Dow AgroSciences LLC has
signed a collaboration agreement with the Institute of Crop Sciences of the Chinese Academy
of Agricultural Sciences (ICS-CAAS). Per the agreement, Dow AgroSciences provided ICS-
CAAS a royalty-free, non-transferable research and commercialization license for its patented
EXZACT Precision Genome Editing Technology that will be used in rice in China. Both
parties intend to develop an industry-leading rice genome editing technology platform through
this partnership. They further believe that this platform will help the scientists of ICS-CAAS to
reap the benefits of their major investment and technical expertise in rice genomics,
transcriptomics, proteomics, and cell biology. It will also enhance their scientific knowledge
about rice, thereby enabling them to develop advanced products for China.
Shares of Dow rose around 6.2% to close at $43.60 on Aug 27.
Dow AgroSciences was previously granted an exclusive license by Sangamo BioSciences, Inc.
under a collaborative agreement, per which, the company developed the EXZACT Precision
Technology platform. Both Dow AgroSciences and ICS-CAAS will now combine their
expertise and capabilities, and use this platform to further rice research and product
development in China.
According to ICS-CAAS, the collaboration is a significant step as it will speed up the
development of rice genome editing technology platform in China. Moreover, it will aid the
development of significant new agronomic traits in rice. According to Dow AgroSciences,
being a strategic partner of China for agricultural sustainability, this is part of its commitment
to provide innovative and sustainable solutions to increase food security and safety in China.
The EXZACT Precision Technology collaboration with ICS-CAAS is proof of Dow's
commitment toward improving rice research and product development for continued food
security in China. Dow currently has a Zacks Rank #3 (Hold).
Better-ranked stocks in the chemical space include Innospec Inc.
All About Rice News
Daily Global Rice E-Newletter
40
IOSP
, LyondellBasell Industries N.V.
LYB
and Akzo Nobel N.V.
AKZOY
. While Innospec sports a Zacks Rank #1 (Strong Buy), both LyondellBasell and Akzo Nobel carry a
Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best
Stocks for the Next 30 Days . Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best
Stocks for the Next 30 Days.
DOW CHEMICAL (DOW): Free Stock Analysis Report
LYONDELLBASEL-A (LYB): Free Stock Analysis Report
AKZO NOBEL NV (AKZOY): Free Stock Analysis Report
INNOSPEC INC (IOSP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily
reflect those of The NASDAQ OMX Group, Inc.
http://www.nasdaq.com/article/dow-chemical-ics-caas-team-up-for-china-rice-development-cm515222
Drought affects 185,451 hectares of rice seedlings in
Cambodia Xinhua
Monday, 31 August 2015
All About Rice News
Daily Global Rice E-Newletter
41
PHNOM PENH (Xinhua) -- Some 185,451 hectares of rice seedlings have been affected by
drought in some areas in 13 provinces and cities of Cambodia, according to a report by
Agriculture Minister Ouk Rabun, released to the media Monday.
"A lack of water has affected 185,451 hectares of rice fields in which 9,240 hectares have been
completely damaged," the minister wrote in a report sent to Prime Minister Hun Sen.
Rains usually begin to fall from May of the year, but this year, an early-season drought lasting a
long time has resulted in a lack of water. He said so far, the country has planted more than 2.12
million hectares of rice seedlings in equivalent to 82.7 percent of the 2. 57-million-hectare
production target.Agriculture is one of the four major pillars supporting the country's economy.
The Southeast Asian nation produced over 9 million tons of paddy rice last year.
http://www.khmertimeskh.com/news/15134/drought-affects-185-451-hectares-of-rice-seedlings-in-cambodia
The government allocates highest amount in the history for
purchasing paddy. The Paddy Purchasing Board says the Government has
allocated highest amounts of funds for purchasing Paddy at
the certified price in the Yala season. The Government
buys 1 kilogram of Paddy per certified price of 50
rupees. The Paddy purchasing programme is carried out
under the direct purview of Prime Minister Ranil
Wickramasinghe. The People's Bank and BOC has released
6 billion rupees for the project. The Government is to
purchase more than 120,000 metric tons of Paddy in the
Yala season. It is the highest amount of Paddy which has been purchased by any government.
137 stores countrywide have been prepared to store the stocks. The Board says the farmers have
showcased high interest on selling Paddy to the Government due to the certified
price. According to the Board, only half of the allocated money has so far been
spent. Meanwhile, Prime Minister Ranil Wickramasinghe has advised the Board to deploy
lorries to some centers to carry Paddy stocks for the convenience of the farmers.
http://www.slbc.lk/index.php/en/tamil-news-update/1708-the-government-allocates-highest-amount-in-
the-history-for-purchasing-paddy.html
Rice price enticer
CARA JEFFERY
31 Aug, 2015 04:00 AM
All About Rice News
Daily Global Rice E-Newletter
42
This is a continuation of the strong price paid to growers for 2014
SunRice chief executive officer, Rob Gordon, and SunRice chairman and grower Laurie Arthur,
Moulamein, with the new range of SunRice Brown Rice Chips at the compay's annual general meeting at
Jerilderie.
IN a bid to secure as much Australian grown rice as possible SunRice says it intends to increase the
paddy price return to its growers in an effort to also stave off competition from other southern irrigation
crops.Chairman and Moulamein grower, Laurie Arthur, told this month's annual general meeting the
SunRice Group achieved impressive revenue and profit growth last trading year, while also making a
significant investment in its operations, products and people.
It also had resounding success in driving sales
across its multiple markets.He said following a
strong first quarter for the rice pool business
SunRice was able to increase the 2015 crop full-
year paddy price by $10 to between $360 a
tonne and $380/t for medium grain (Reiziq),
with higher prices for specialty varieties. "This
is a continuation of the strong price paid to
growers for 2014 - with the potential for further
positive movement in the price subject to
market conditions," Mr Arthur said."We trust
our growers will be encouraged by these
indicators."
Meanwhile, the final 2014 pool price for medium grain - $394.62/t - was up 34.4pc on last year,
while specialist variety Koshihikari was $524.62/t, up 30pc."For 2014 we made paid more than
$330 million in paddy payments to our A-class shareholders (growers) reflecting our
commitment to Riverina-grown rice both now and into the future," he said."These strong returns
were made possible by SunRice's sole and exclusive export licence which allows us to maximise
prices for NSW growers in export markets."More than $17m was also paid in dividends to B-
class shareholders, about 68pc of whom are also growers (A-class shareholders)
SunRice paid a record fully franked 31 cents a share to its B-class shareholders in 2014-15 - up
34.8pc on the previous year.In total, this represented a payout ratio of 40pc.SunRice chief
executive officer Rob Gordon said SunRice Group's consolidated revenue of $1.25 billion for the
trading year to April 30 was up 8.3pc on the previous year's $1.15b.The company is enjoying an
enviable position where global demand for its bulk and value-added products far outstrips the
rice supply southern NSW growers can deliver.
All About Rice News
Daily Global Rice E-Newletter
43
But this demand comes at a time when water allocations are at new lows and coincides with high
temporay water prices luring growers to plant cotton, corn and nut crops in place of rice.The
2015 harvest resulted in a delivery of 690,215t from Australian growers - a far cry from the
1.15m tonnes of rice required to supply premium markets secured by SunRice.To make up the
shortfall SunRice sourced rice internationally to go to markets requiring Australian quality rice
but not specifically Australian grown.
"We encourage our growers to plant as much rice as they can in what we know are very difficult
circumstances," Mr Arthur said.Mr Gordon said ideally SunRice wanted to receive 900,000t
from the Riverina - the 2014 harvest was close to the mark with 830,000t delivered."We are very
conscious of water availability and pricing ahead of the next planting in the Riverina and while
continuing to encourage local production, we are also putting in place contingency plans for a
smaller crop than the one delivered this year," he said.Mr Gordon also delivered an update on the
SunRice Group's strategy and outlook noting net profit after tax lifted 46.8pc to $49.2m for
2014-15.
The company anticipated group profit in 2015-16 would be broadly in line with the past year's
result "subject to the continuation of existing market conditions".However, the group faced a
number of challenges in the year ahead."We continue to closely monitor a number of issues
which impacted the risk profile for Trukai (the Papua New Guinea subsidiary) in the past year,
including the liquidity of the Kina and the the PNG government's intention to develop a policy
that seeks to align investment in the local industry with the right to import rice," he said
ASX listing decision set for October
The SunRice board will not make a decision on its long-running capital structure review and the
proposed listing of a SunRice Fund on the Australian Securities Exchange (ASX) until October.
Company bosses are continuing to consult with their 2200 growers and shareholders and an
announcement on whether the proposal will be put to a shareholder vote is still about two months
away."The board and I firmly believe the potential new capital structure is an opportunity to
retain grower control into the future while securing our capital base and building a business that
can carry us forward for generations to come," chairman Laurie Arthur told shareholders last
week.
"The potential model will improve SunRice's ability to access capital beyond what is available
under the current model, while preserving the key features that exist today, including enduring A
Class grower shareholder control."He addressed several misnomers regarding the proposed
capital restructure including fears grower control of the business was at stake.He said the model
was enduring and did not include clauses or any elements that had seen other agricultural
companies lose control on the ASX.
"The model separates A-class shareholder control from SunRice business investors to protect
both sets of interests - investors will not have trading rights in SunRice and they cannot acquire
them in the future without A class shareholder approval," he said."If the proposal does go
All About Rice News
Daily Global Rice E-Newletter
44
forward SunRice will not be listed on the ASX- a separate legal entity known as the SunrRice
Fund would be listed on the ASX."SunRice will remain intact exactly as it is today- with the
same board, management and business structure."Investors are acquiring a non-voting security,
all they can receive is a dividend from SunRice."
http://www.farmonline.com.au/news/agriculture/agribusiness/general-news/rice-price-
enticer/2741413.aspx?storypage=0
Former Thai PM appears at Supreme Court over doomed
rice subsidy scheme BANGKOK | BY AUKKARAPON NIYOMYAT
Mon Aug 31, 2015 6:28am BST
Ousted former Thai Prime Minister Yingluck Shinawatra gestures as she arrives at the Supreme Court in
Bangkok, Thailand, August 31, 2015.
All About Rice News
Daily Global Rice E-Newletter
45
REUTERS/CHAIWAT SUBPRASOM
Former Thai Prime Minister Yingluck Shinawatra appeared before the Supreme Court on
Monday to review evidence in a case involving rice subsidies that haemorrhaged billions of
dollars and could see her jailed for up to 10 years for negligence.Yingluck's flagship election
policy helped sweep her to office in a landslide in 2011, but its failure saw her banned from
politics for five years in January by a legislature appointed by the generals who toppled her
government.The grain policy, which has since been discontinued, aimed to boost farmers'
incomes by buying their rice at above market prices.
Yingluck's government was attacked for refusing to abandon the scheme when the rice and debt
piled up.It caused an estimated $16 billion in losses and left Thailand with a rice mountain it is
still struggling to shift. The current stockpile is 13.9 million tonnes.Prosecutors on Monday
provided an evidence dossier of 60,000 pages and 23 additional witnesses in the case."These
were not seen or reviewed (by all parties)," Yingluck told reporters. "Today we're going to hear
about this and hope that we will get justice."
She insists she acted honestly in administering the policy, which was widely criticised for
distorting global prices and saw Thailand lose its crown as the world's top rice shipper.Yingluck,
48, was greeted with applause and handed red roses by a crowd of supporters as she arrived at
the court."I came to give moral support," said Sangiam Thongnak, 61. "She did the right thing."
Yingluck's supporters see the court case as another strike by a royalist establishment threatened
by the rapid political rise of a clique of upstart capitalists from outside Thailand's traditional
patronage network.
She won millions of votes by reviving the populist policies of her billionaire brother and former
premier Thaksin Shinawatra, whom the Supreme Court jailed in absentia in 2008 for abuse of
power, two years after he was ousted in a coup.Prosecutors expect the Supreme Court
proceedings to last at least six months. Some experts have said the junta risks a backlash if
Yingluck's supporters perceive the verdict as unfair.(Additional reporting by Juarawee Kittisilpa;
Writing by Martin Petty; Editing by Nick Macfie)
http://uk.reuters.com/article/2015/08/31/uk-thailand-politics-idUKKCN0R00EA20150831
FG to Review Import Policy on Rice, Fish, Others 31 Aug 2015
Bags Rice
The Permanent Secretary, Federal Ministry of Agriculture and Rural Development (FMARD),
Mr. Sonny Echono, has disclosed that within the next three years, the federal government will
review the import policy on staple food items such as rice, fish and wheat into the country.
Echono, who disclosed this in Abuja during a meeting with the Executive Secretary of the
Nigerian Investment Promotion Commission, Uju Hassan-Baba, described the current import
policy on staple foods as ―unfavourable,‖ adding that it would ensure that Nigeria becomes self
sufficient in food production before the restriction of the importation of these food items.
All About Rice News
Daily Global Rice E-Newletter
46
According to a statement from the ministry on Sunday and obtained by the News Agency of
Nigeria (NAN), Echono said: ―The ministry would in the next three years seek the review of the
current unfavourable policy by the federal government which allows the importation of staple
food items such as rice, wheat and fish into the country.‖
He also stressed the need to link Nigerian farmers to the market, adding that it was one of the
critical factors that would determine productivity and incomes of farmers as well as promote
exports through value addition.The statement noted that the ministry and the Nigeria Investment
and Promotion Commission (NIPC) had resolved to partner in the promotion of strategic
investments in the agricultural sector.It said the permanent secretary in the FMARD, together
with the executive secretary of NIPC, made the resolution when the investment promotion
commission‘s boss paid Echono a working visit in his office.
Echono underscored the need for attraction of more investments in the sector and explained that
Nigeria had comparative advantage in the development of agricultural sector in view of its vast
arable land, huge population and markets.
He pointed out that the main
target of the ministry was to
guarantee food security for
the country as well as export
food items to other countries
in the West African sub-
region.In her reaction,
Hassan-Baba called for the
reestablishment of synergy
that had existed over the
years between the
commission and the
agriculture ministry.She
said there had been an
increase in the demand of
market information on
agricultural activities in
Nigeria by foreign investors,
adding that a desk officer
from the Ministry should be
posted to the NIPC‘s one-
stop shop.The NIPC boss further disclosed that the commission would organise stakeholders‘
forum on promoting investment in the agricultural sector, noting that the ministry had a critical
role to play in order to ensure the success of the proposed forum which comes up in Abuja soon.
Tags: News, Nigeria, Featuered, Import Policy on Rice
http://wwaw.thisdaylive.com/articles/fg-to-review-import-policy-on-rice-fish-others/218964/