26th may ,2017 daily globa regional & local rice e newsletter

Daily Global Rice

E-Newsletter

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May 26,2017 Vol 8 Issue V

Today Rice News Headlines...  Economic experts suggest Zero-Tax on Agriculturesuggest-zero-taxon-agriculture/  Basmati export benefits from ban on DA, exporters seek similar move for non-basmati  Bangladesh to speed up rice imports  Over 3,000 Tamil Nadu Mosques To Get Free Rice During Ramzan  Global Basmati Rice Market 2017: Industry Research, Review, Growth, Share, Segment, Analysis and Forecast to 2022  Customs: Marine command seizes 941 bags of foreign rice – Official  Climate change will adversely hit rice productivity, say Indian scientists  Sri Lanka February trade gap widens, lower exports, higher rice, fuel imports  Bangladesh to Speed Up Rice Imports in Wake of Flooding  "Rice Day" Celebrated During Louisiana Legislative Session Asia RiceVietnam prices hit 13-month high; Thailand up on lower supply  High prices in first quarter keep rice farmers profitable, NFA says  Northern VN enjoys bumper Winter-Spring rice harvest  Bangladesh to speed up rice imports in wake of flooding  Nagpur Foodgrain Prices Open- May 26, 2017  Rice, price: The long and short of it  Global rice starch industry forecast to 2022 examined in new market research report Online Advertisement:mujahid.riceplus@gmail.com Cell # 0321 369 2874 www.riceplusmagazine.blogspot.com www.ricepluss.com Monitor Latest Updates on www.riceplusmagazine.blogspot.com

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News Detail...

Economic experts suggest Zero-Tax on Agriculture

BY EDITOR'S MAIL As the government of Pakistan is in the process of preparing the next year‟s national budget, the economic managers must closely evaluate the performance, challenges and opportunities in the various industrial and economic sectors, to devise result-oriented reforms, policies and incentives for each sector. Since Pakistan‟s economy is primarily dependent on high agricultural productivity, which can enrich all the other important industries, it is advisable to extend all possible incentives, technological support and financial assistance to this critical sector, for the benefit of the whole nation.

Many learned experts and vibrant associations like; „Fertiliser Manufacturers of Pakistan Advisory Council‟ (FMPAC), Punjab Agriculture Commission (PAC) and the „Pakistan Kissan Ittehad‟ (PKI) have suggested that: Since the country‟s economy is facing difficult times, Pakistan must consider introducing a Tax-Free regime for the agricultural sector, in the next year‟s budget, to accelerate growth and prosperity.

The Pakistani farmers and fertiliser producers are facing a host of issues due to excessive taxation, while there is no support-price mechanism for any important crop, except „Wheat‟.

There is an urgent need to abolish the heavy rate of “General Sales Tax” (GST) and “Gas Infrastructure Development Cess” (GIDC) on the input and output of all types of fertilisers. It is necessary to announce support prices for major crops like; Cotton, rice, potato and corn in Pakistan.

Other agrarian economies in the region, including India, have already given substantial tax-relief to their farmers. Fertiliser prices in India have also been reduced. These measures have

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significantly brought down the cost of cultivation in this neighbouring country, to achieve more sustainability, better crop-yields and stable prices.

Hence, the government of Pakistan should discourage the import and trade of many agricultural commodities from India, where 27 major crops enjoy support-prices. So, this can make the Pakistani crops non-competitive in the international market. Pakistan must announce supportprice mechanism for; Cotton crop at Rs 4,000/- Per 40 KG bale, Rice at Rs 2,200 per 40 KG, Potato at Rs 2,500 and Corn at Rs 1,500.If immediate steps are not taken to address the economic worries of the farmer community, Pakistanâ€&#x;s agricultural and fertiliser sectors may face some serious crises and the countryâ€&#x;s economy will suffer for very long time.

https://www.pakistantoday.com.pk/2017/05/25/economic-expertssuggest-zero-tax-on-agriculture/

Basmati export benefits from ban on DA, exporters seek similar move for non-basmati

BY PARSHANT KRAR | MAY 25, 2017, 05.29 PM IST

The export of basmati this season stood around 3.99 million tonnes till March 2017 compared to 4.4-million tonnes in 201516.CHANDIGARH: Basmati, premium rice, has brought back flavour in the export for the domestic companies who are hailing timely payments from overseas buyers after the Indian government banned documents against acceptance (DA) for the commodity in the current marketing season. The exporters are mulling to seek similar DA restriction for export of non-basmati from India in the ensuing marketing season. The practise of DA had tilted the basmati trade in favour of overseas buyers due to rise in defaults, delayed payments and price manipulations that adversely affected domestic companies. The DA allowed export of consignment without settlement of payments.

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Even though DA has been banned in the last year for export of basmati but the practise is still prevalent in case of export of non basmati from India.

"The curb on DA in export of basmati has decreased defaults in the trade and also given control over prices to the domestic exporters," executive director, All India Rice Exporters Association (AIREA) Rajen Sudershan told ET. Sudershan said that the rice exporters lobby is contemplating to seek ban on DA in case of non-basmati from the Indian government. "The move will boost export and also benefit different stakeholders in the rice trade," he said.

The rice exporters maintain that the ban on DA had brought benefits to domestic companies as well as farmers who received timely and higher remuneration this time compared to the previous marketing season. "The policy amendment on DA by government has given confidence to exporters who were exploited by buyers once consignments have been delivered," Vijay Sethia past president of AIREA said. Sethia said that the practise of DA allowed buyers to manipulate all companies who were forced to compromise on margins.

This year the ban on DA has promoted transaction through Cash against documents and Letter of Credit. "It has lead to better rice realization to exporters and higher remunerations to farmers," Sethia said. The export of basmati this season stood around 3.99 million tonnes till March 2017 compared to 4.4-million tonnes in 2015-16. The Indian basmati export has been affected due to less basmati trade to Iran after the gulf nation introduced price regulation of $850 per tonne on basmati import.

Bangladesh to speed up rice imports 25 May 2017 at 19:10 WRITER: REUTERS A boy plays with a bicycle tyre while workers dry rice on a rice-processing mill in Muktarpur, on the outskirt of Dhaka, Bangladesh, on Dec 29, 2016. (Reuters photo) DHAKA - Bangladesh will speed up plans to import rice to build reserves and rein in local prices after flash floods hit domestic output, government officials said on Thursday.As part of that, a Bangladeshi delegation is now in Vietnam to finalise imports of the staple grain in a government-to-government deal, said a procurement official, declining to be identified as he was not authorised to speak with media. He did not give further details on the transaction.

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Ramped up demand from Bangladesh, the world's fourth-biggest rice producer, could underpin prices in major exporters Vietnam, Thailand and India."We are making frantic efforts to boost state reserves and bring down prices of rice," said the procurement official.

Local rice prices have reached record highs and state reserves are at six-year lows in the wake of flooding in April that wiped out around 700,000 tonnes of output.The state grains buyer earlier this month said it would ship in 600,000 tonnes of rice after the flooding, initially issuing two tenders for a total of 100,000 tonnes of rice, its first such tenders since 2011.

Meanwhile, the procurement official said the government had decided not to withdraw duty on private rice imports, looking to protect farmers.

Vietnamese rice prices this week hit their highest in over a year on expectations of strong demand from top importing countries such as Bangladesh and the Philippines.

Bangladesh wants to buy around 250,000 to 300,000 tonnes of Vietnam's 5% white rice immediately and plans to increase rice imports from Vietnam to 500,000 tonnes by end of 2017, Vietnam's trade ministry said.Vietnam's 5% broken rice was quoted at $360-$380 a tonne free on board in Saigon, up from $365-$370 last week and the highest since April last year, as suppliers eyed export deals, traders said.

Traders and officials say Bangladesh could emerge as a major importer of rice this year. It was ranked as the fourth-largest importer of the grain by the US Department of Agriculture in

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2011.Since then, the Bangladesh government has not imported rice although private traders have done, mostly from India.

Bangladesh produces around 34 million tonnes of rice annually but uses almost all its production to feed its population of 160 million. It often requires imports to cope with shortages caused by natural calamities such as floods and droughts.

Over 3,000 Tamil Nadu Mosques To Get Free Rice During Ramzan Tamil Nadu Chief Minister Edappadi K Palaniswami approved supply of 4,900 tonnes of free rice to some 3,000 mosques during Ramzan, for which Tamil Nadu will spend Rs. 12.60 crore.

Tamil Nadu | Press Trust of India | Updated: May 25, 2017 11:08 IST

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Ramadan 2017: The free rice scheme during Ramzan was started by late Tamil Nadu CM J Jayalalithaa. (File) CHENNAI: Tamil Nadu Chief Minister Edappadi K Palaniswami has approved supply of 4,900 tonnes of free rice to some 3,000 mosques in the state during the fasting month of Ramzan starting later this month. The mosques will use the rice to make gruel.

The Tamil Nadu government will spend Rs. 12.60 crore to supply free rice, the state government said in a statement. The scheme, well-received by Muslims, was started by late Tamil Nadu Chief Minister J Jayalalithaa, the statement said. Subsequently, more people had asked the government for free rice this year too.

Mr Palaniswami has directed officials to approve supply of free rice to mosques, and asked district collectors to verify documents, the Tamil Nadu government said in the statement.

The AIADMK's mouthpiece "Dr Namadhu MGR" in 2015 had said a Pakistani television channel had welcomed the scheme and suggested the free-rice scheme should be implemented in Pakistan too.

"A Pakistan television channel 'SAMAA' has aired a news about chief minister Jayalalithaa's scheme of free rice to make gruel during the holy month of Ramzan and it wanted its government to emulate it," the All India Anna Dravida Munnetra Kazhagam's mouthpiece had said

http://www.ndtv.com/tamil-nadu-news/over-3-000-tamil-nadu-mosques-to-get-free-riceduring-ramzan-1703667

Global Basmati Rice Market 2017: Industry Research, Review, Growth, Share, Segment, Analysis and Forecast to 2022 This report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies

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PUNE, INDIA, May 24, 2017 /EINPresswire.com/ -- The Global Basmati Rice Market Research Report Forecast 2017-2022 is a valuable source of insightful data for business strategists. It provides the Basmati Rice industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Basmati Rice market study provides comprehensive data which enhances the understanding, scope and application of this report.

Request a Sample Report @ https://www.wiseguyreports.com/sample-request/1302662-globalbasmati-rice-market-research-report-forecast-2017-to-2022 This report provides comprehensive analysis of Key market segments and sub-segments Evolving market trends and dynamics Changing supply and demand scenarios Quantifying market opportunities through market sizing and market forecasting Tracking current trends/opportunities/challenges Competitive insights Opportunity mapping in terms of technological breakthroughs Global Basmati Rice Market: Regional Segment Analysis North America Europe China Japan Southeast Asia India The Major players reported in the market include: REI Agro Ltd KRBL Ltd LT Foods Ltd Kohinoor Foods Ltd Lakshmi Group Pari India DUNAR Amar Singh Chawalwala Golden Foods ...

Global Basmati Rice Market: Product Segment Analysis Type 1 Type 2 Type 3 Global Basmati Rice Market: Application Segment Analysis Application 1 Application 2 Application 3

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Make an enquiry of this Report @ https://www.wiseguyreports.com/enquiry/1302662-globalbasmati-rice-market-research-report-forecast-2017-to-2022 Reasons for Buying this Report This report provides pin-point analysis for changing competitive dynamics It provides a forward looking perspective on different factors driving or restraining market growth It provides a six-year forecast assessed on the basis of how the market is predicted to grow It helps in understanding the key product segments and their future It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments Table of Content Global Basmati Rice Market Research Report Forecast 2017-2022 Chapter 1 Basmati Rice Market Overview 1.1 Product Overview and Scope of Basmati Rice 1.2 Basmati Rice Market Segmentation by Type 1.2.1 Global Production Market Share of Basmati Rice by Type in 2016 1.2.1 Type 1 1.2.2 Type 2 1.2.3 Type 3 1.3 Basmati Rice Market Segmentation by Application 1.3.1 Basmati Rice Consumption Market Share by Application in 2016 1.3.2 Application 1 1.3.3 Application 2 1.3.4 Application 3 1.4 Basmati Rice Market Segmentation by Regions 1.4.1 North America 1.4.2 China 1.4.3 Europe 1.4.4 Southeast Asia 1.4.5 Japan 1.4.6 India 1.5 Global Market Size (Value) of Basmati Rice (2012-2022) Chapter 2 Global Economic Impact on Basmati Rice Industry 2.1 Global Macroeconomic Environment Analysis 2.1.1 Global Macroeconomic Analysis 2.1.2 Global Macroeconomic Environment Development Trend 2.2 Global Macroeconomic Environment Analysis by Regions ......

Chapter 8 Global Basmati Rice Manufacturers Analysis 8.1 REI Agro Ltd 8.1.1 Company Basic Information, Manufacturing Base and Competitors

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8.1.2 Product Type, Application and Specification 8.1.3 Production, Revenue, Price and Gross Margin (2012-2017) 8.1.4 Business Overview 8.2 KRBL Ltd 8.2.1 Company Basic Information, Manufacturing Base and Competitors 8.2.2 Product Type, Application and Specification 8.2.3 Production, Revenue, Price and Gross Margin (2012-2017) 8.2.4 Business Overview 8.3 LT Foods Ltd 8.3.1 Company Basic Information, Manufacturing Base and Competitors 8.3.2 Product Type, Application and Specification 8.3.3 Production, Revenue, Price and Gross Margin (2012-2017) 8.3.4 Business Overview 8.4 Kohinoor Foods Ltd 8.4.1 Company Basic Information, Manufacturing Base and Competitors 8.4.2 Product Type, Application and Specification 8.4.3 Production, Revenue, Price and Gross Margin (2012-2017) 8.4.4 Business Overview 8.5 Lakshmi Group 8.5.1 Company Basic Information, Manufacturing Base and Competitors 8.5.2 Product Type, Application and Specification 8.5.3 Production, Revenue, Price and Gross Margin (2012-2017) 8.5.4 Business Overview 8.6 Pari India 8.6.1 Company Basic Information, Manufacturing Base and Competitors 8.6.2 Product Type, Application and Specification 8.6.3 Production, Revenue, Price and Gross Margin (2012-2017) 8.6.4 Business Overview 8.7 DUNAR 8.7.1 Company Basic Information, Manufacturing Base and Competitors 8.7.2 Product Type, Application and Specification 8.7.3 Production, Revenue, Price and Gross Margin (2012-2017) 8.7.4 Business Overview 8.8 Amar Singh Chawalwala 8.8.1 Company Basic Information, Manufacturing Base and Competitors 8.8.2 Product Type, Application and Specification 8.8.3 Production, Revenue, Price and Gross Margin (2012-2017) 8.8.4 Business Overview 8.9 Golden Foods 8.9.1 Company Basic Information, Manufacturing Base and Competitors 8.9.2 Product Type, Application and Specification 8.9.3 Production, Revenue, Price and Gross Margin (2012-2017) 8.9.4 Business Overview ‌‌Continued

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Customs: Marine command seizes 941 bags of foreign rice – Official May 25, 2017 The Western Marine Command of the Nigeria Customs Service (NCS) on Thursday said it impounded 941 bags of foreign per boiled rice valued at about N6.8 million.According to the Controller of the command, Sarkin Kebbi at a news conference in Lagos, ”the impounded rice is valued at N6,830,719, a Duty valued N4, 781,503 and duty paid valued N11,612,322.”Do you need a world class website for your business or oganization? Do you need help with online marketing?

The controller, who displayed the commodity, said the feat was achieved through a renewed resolve of the officers to stamp out smuggling.Kebbi said that on resumption of duty a month ago, he made known to the officers the mandate given to him from the customs headquarters.According to him, ”the service echelon handed me a stern order to ensure that smugglers were compelled to change their nefarious act to legitimate businesses.“I will not fail in my mandate; I have never failed before and will not stay below the board.

“With motivation from the headquarters, I promise to make bigger seizures.“We know that the rainy season is the time the smugglers always want to make use of the waterways as the roads are bad because of the rains.“My officers and I promise them a tougher time within the nation‟s waterways as all avenues will be explored to ensure that they are forced out of business,‟‟ Kebbi said.He said that no arrest was made as the only man who was to be arrested in connection with the seizure jumped into the Badagry water and disappeared.

He advised the smugglers to desist from their act as a new ”sheriff” had taken over the saddle and therefore, no hiding place for smugglers.Kebbi said that the Federal Government had been trying to make local rice available to the masses, thereby creating jobs in the agriculture sector.He expressed regret that the activities of the smugglers were making the effort of the government fruitless https://www.nigeriatoday.ng/2017/05/customs-marine-command-seizes-941-bags-of-foreign-rice-official/

Climate change will adversely hit rice productivity, say Indian scientists Living India Science WireMay, 25 2017 15:48:20 IST

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By Sunderarajan Padmanabhan New Delhi: Global climate change is projected to have wide ranging effects on the environment and on socio-economic and related sectors. Indian agriculture scientists have found that rising temperature will adversely hit rice productivity in the country.Experiments done in Tamil Nadu show that elevated temperature will have a negative impact on rice productivity, even nullifying the positive effects of higher level of carbon dioxide.

Researchers at the Coimbatore-based Tamil Nadu Agricultural University conducted a study on rice which is a staple food for most people in the region. According to Manila-based International Rice Research Institute, rice provides 23 percent of global human per capita energy and 16 per cent of global human per capita protein.

The study involved actual cultivation of the cereal in a climate control chamber (CCC) where the temperature was maintained at four degrees above the ambient temperature and a carbon dioxide enrichment level of 650 parts per million (ppm). The experiment was carried out with four different days of planting – 1 June, 15 June, 1 July and 15 July.

It was seen that crops grown under the projected conditions attained panicle initiation, flowering and maturity much earlier than those grown under the ambient condition. But, recorded reduced growth characters such as leaf area index, dry matter production and number of tillers. In

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addition, lesser percentage of dry matter was partitioned towards grain and more for the roots.

Subsequently, they recorded lower grain and straw yields.

Overall, elevated temperature was found to have a negative impact on rice productivity, even nullifying the positive effects of higher level of carbon dioxide. The researchers have published a report on their work in the latest issue of journal Current Science.

The study was conducted by V.Geethalakshmi, K.Bhuvaneswari and A. Lakshmanan of TNAU and N. Udaya Sekhar of Bioforsk, Norwegian Institute for Agricultural and Environmental Research.

Published Date: May 25, 2017 03:47 pm | Updated Date: May 25, 2017 03:48 pm http://www.firstpost.com/living/climate-change-will-adversely-hit-rice-productivity-say-indian-scientists3480359.html

Sri Lanka February trade gap widens, lower exports, higher rice, fuel imports May 25, 2017 18:09 PM GMT+0530 |

ECONOMYNEXT – Sri Lanka's trade deficit widened to $743 million in February 2017 from a year ago, with a decline in exports amid increased imports mainly of fuel and rice, the Central Bank said.

Exports fell 2.7 percent in February to $867.8 million, while imports rose 11.9 percent to $1.61 billion, a statement said.

Sri Lankaâ€&#x;s January-February 2017 trade deficit widened to $1.68 billion from $1.24 billion the year before.

Earnings from industrial exports, which represent about 76 percent of total exports, declined 6.5 percent year-on-year to $659 million in February 2017 mainly due to reduced earnings from textiles and garments.

Export earnings from textiles and garments contracted 14.5 percent to $396 million in February 2017, reflecting a significant decline in garments exports to the EU and the US. Food, beverages and tobacco, and gems, diamonds and jewellery also contributed substantially to lower earnings from industrial exports.

However, earnings from machinery and mechanical appliances, petroleum products, and rubber products improved, the Central Bank said. Earnings from agricultural exports grew for the third

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consecutive month, registering a12.5 percent increase to $205 million in February 2017. Earnings from tea exports rose 12.8 percent in value terms due to higher prices, in spite of a decline in volumes exported.

Expenditure on imports increased 11.9 percent year-on-year to $1,611 million in February 2017, continuing double-digit growth seen in imports for the fifth consecutive month, the statement said.Higher expenditure incurred on intermediate goods contributed largely to this growth.

Rice imports increased to $36 million in February 2017 in comparison to less than $1 million incurred in February 2016.

(COLOMBO, May 25, 2017 http://economynext.com/Sri_Lanka_February_trade_gap_widens,_lower_exports,_higher_rice,_fuel_imp orts-3-8002.html

Bangladesh to Speed Up Rice Imports in Wake of Flooding Dhaka. Bangladesh will speed up plans to import rice that it brought in to build reserves and rein in local prices after flash floods hit domestic output, government officials said on Thursday (25/05).

As part of that, a Bangladeshi delegation is now in Vietnam to finalize imports of the staple grain in a government-to-government deal, said a procurement official, declining to be identified as he was not authorized to speak with media. He did not give further details on the transaction.

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Ramped up demand from Bangladesh, the world's fourth-biggest rice producer, could underpin prices in major exporters Vietnam, Thailand and India.

"We are making frantic efforts to boost state reserves and bring down prices of rice," said the procurement official.

Local rice prices have reached record highs and state reserves are at six-year lows in the wake of flooding in April that wiped out around 700,000 tons of output.

The state grains buyer earlier this month said it would ship in 600,000 tons of rice after the flooding, initially issuing two tenders for a total of 100,000 tons of rice, its first such tenders since 2011.

Meanwhile, the procurement official said the government had decided not to withdraw duty on private rice imports, looking to protect farmers.

Bangladesh produces around 34 million tons of rice annually but uses almost all its production to feed its population of 160 million. It often requires imports, however, to cope with shortages caused by natural calamities like floods and droughts http://jakartaglobe.id/international/bangladesh-speed-rice-imports-wake-flooding/

Rice Day" Celebrated During Louisiana Legislative Session

By Carrie Castille BATON ROUGE, LA -- Yesterday, Louisiana rice farmers and millers spent the day here celebrating "Louisiana Rice Day at the Capitol" to highlight the economic importance of the Louisiana rice industry to the state economy, and the environmental and cultural benefits to its citizens.

Louisiana Rice Growers Association President Michael Fruge told members of the House Agriculture, Forestry, Aquaculture and Rural Development Committee that rice is grown in 31 parishes by more than 1,000 growers. Fruge said he was "proud of the resilience of our rice growers in challenging economic times, especially in relation to the hardships associated with the 2016 and 2017 flooding that caused significant damage to Louisiana's rice crop."

Committee member, Representative John Stefanski, reminded fellow legislators, "The rice industry represents all of the small businesses in our rural community." Stefanski also took a personal privilege to recognize the industry leadership in attendance when the entire Louisiana House of Representatives convened, including Fruge, Donald Berken, Kevin Berken, Jeff Durand, Richard Fontenot, Mark Frey, Steve Linscombe, Jackie Loewer, Jeffery Sylvester, and Robbie Trahan.

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The rice industry delegation also was recognized at both the Senate Health and Welfare, and the Senate Commerce, Consumer Protection and International Affairs Committees, along with the Louisiana Rural Caucus.

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From left: Robbie Trahan, Michael Fruge, and Rep. Bernard LeBas Trahan, the CEO of Falcon Rice Mill in Crowley, spoke about the importance of the Louisiana rice milling industry as well as the impact that rice exports have on the economic health of Louisiana's rural communities. Representative Jeffery Hall, who represents an urban district in Alexandria, said, "You can live in the city but you can't live without the rural communities that feed us."

Representative Terry Brown added, "If they don't have rice and gravy in heaven, then I don't want to go."

The day ended with an acknowledgement from Senator Bret Allain, a fellow farmer from Jeanerette, who invited Senators from rice producing districts to recognize the Louisiana rice industry leaders amongst all of their peers. Richard Fontenot said, "This was a great way to collectively thank our legislators not only for their support in the past but also our work together in the future."

Each legislator received a one-pound bag of Louisiana rice donated by the Louisiana Rice Growers Association along with educational material about the Louisiana rice industry.

LA delegation with LA House Ag Chairman Francis Thompson

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Asia Rice-Vietnam prices hit 13-month high; Thailand up on lower supply

By Patpicha Tanakasempipat | BANGKOK

May 25 Vietnam rice hit its highest level in over a year this week on potential export deals and prices in Thailand firmed up as supply eased, while the Indian variety gained on growing demand from Africa, traders said.

Expectations of strong demand from top importing countries such as Bangladesh and the Philippines are fuelling the uptrend in Vietnam and Thailand rice prices.

Vietnam's 5-percent broken rice RI-VNBKN5-P1 was quoted at a level unseen since April last year, at $360-$380 a tonne, FOB Saigon, up from $365-$370 last week, as suppliers eyed export deals, traders said.

Bangladesh said on Tuesday it will buy 250,000-300,000 tonnes of Vietnamese rice immediately and planned to increase rice imports from Vietnam to 500,000 tonnes by end-2017.

It will also buy one million tonne of Vietnamese rice annually until 2022.The Philippines said on Monday it would issue a tender next month to import 250,000 tonnes of the grain from key suppliers Thailand and Vietnam, and possibly also India.

Thai benchmark 5-percent broken rice RI-THBKN5-P1 firmed this week to $411$412 a tonne, free-on-board (FOB) Bangkok, from $385-$411 last week, the highest in nine months.

"Prices have strengthened greatly, and supply is running low while demand remains constant," a trader in Bangkok said.

But traders in Thailand and Vietnam said the price hike has started making the local grain too expensive for them to buy for export, raising a possibility for short supply in the market.

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"After the Bangladesh news, I can no longer buy anything," said a trader in Ho Chi Minh City.

"The market is really stressed already, even though there's no real trade," another trader said, referring to the Bangladesh deals.Thailand and Vietnam are the world's second and third biggest rice exporters.

In India, the world's biggest rice exporter, 5-percent broken parboiled rice RIINBKN5-P1 jumped by $7 per tonne to $398-$403, on a slight improvement in demand and a rally in local paddy prices."Export prices are going up, tracking rise in other countries. Demand has also improved from African buyers," said M.Adishankar, executive director at Sri Lalitha, an exporter based at Kakinada in the southern state of Andhra Pradesh.

In the past two months, there has been a sharp rise in Indian rates on government buying and as appreciation in the rupee caused a rally in local paddy prices.

"Rising paddy price in the local market has been forcing us to raise export prices," said another exporter based in Kakinada.Global rice prices are likely to go further up due to demand from Bangladesh, Dhaka-based traders and government officials said.

Earlier this month, Bangladesh's state grains buyer said the country will import 600,000 tonnes of rice.Bangladesh, the world's fourth-biggest rice producer with around 34 million tonnes, could emerge as a major importer this year, as low stocks and soaring prices led the government to import the grain.

(Reporting by Patpicha Tanakasempipat in BANGKOK, Mai Nguyen in HANOI, Rajendra Jadhav in MUMBAI, Additional reporting by Ruma Paul in DHAKA; Editing by Vyas Mohan http://in.reuters.com/article/asia-rice-idINL4N1IR3R9

High prices in first quarter keep rice farmers profitable, NFA says

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May 26, 2017 RICE FARMERS are estimated to have raised P32 billion from sales of palay, or unmilled rice, in the first quarter, the National Food Authority (NFA) reported yesterday, citing high farmgate prices.

Workers unload sacks of rice at a warehouse of the National Food Authority (NFA) in suburban Manila on October 7, 4014. -- AFP

In the first three months of the year, the NFA bought 131,720 bags of rice from farmers nationwide at P17 per kilogram (kg), for a total of P118.5 million According to the Philippine Statistics Authority (PSA), the cost of palay production averages P12.00/kg. Despite NFA‟s buying of unmilled rice, farmers took advantage of the high prices offered by private traders ranging at P18.00 -- P22.00/kg versus the NFA‟s support price of P17.00/kg plus incentives.

NFA Administrator Jason Laureano Y. Aquino said that the NFA buys unmilled rice from farmers in an effort to stabilize rice prices.“It is the mandate of the NFA to stabilize the price of rice in the market and we know that NFA serves as the benchmark for the price of palay,” he said in a statement yesterday.

“It influences the buying price of private traders to go higher than the support price for them to corner the volume they need. Without NFA as a stabilizer, the traders can dictate the price of palay, short-changing the farmers whenever they can,” Mr. Aquino added.

“We don‟t base our performance solely on how much we have procured because we are limited by the government support price of P17.00/kg. We cannot go beyond that. What is important is that the farmers are enjoying much higher prices from private traders and that is good. The

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NFA‟s presence is meant to stabilize the price of palay, not to directly compete with the traders,” Mr. Aquino said.

The NFA targets purchases of 4.6 million bags (230,367 MT) of palay this year to augment its rice requirement for distribution and buffer stocks.“At the present government support price of P17.70 -- P18/kg of palay, we are still giving the farmers a net profit of at least P285.00 -P300.00 per bag,” he added. -- E.J.C. Tubayan http://www.bworldonline.com/content.php?section=Economy&title=high-prices-in-first-quarterkeep-rice-farmers-profitable-nfa-says&id=145822

Northern VN enjoys bumper Winter-Spring rice harvest The northern region from Thua Thien-Hue province northward reaped a bumper harvest in the 2016-2017 Winter-Spring rice crop for the 10th consecutive year, heard a conference held in Thanh Hoa province on May 24.

Northern localities grew rice on 1,145,000 ha in the crop, down 10,500 ha year-on-year, and harvested an estimated 7.12 million tonnes of rice, with an average productivity of 6.22 tonnes per ha.

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The Ministry of Agriculture and Rural Development attributed the bumper crop partly to favourable weather. In the upcoming summer crop, northern localities plan to plant rice on 1,308,000 ha in the hope of producing around 6.57 million tonnes. As the crop is vulnerable to storms and floods, the Ministry advised farmers to use short-duration rice varieties and localities to prepare extra rice seedlings in case of damage. Local agricultural sectors are also required to get anti-flood plans ready to minimize losses. http://english.vietnamnet.vn/fms/society/179055/northern-vn-enjoys-bumper-winter-spring-riceharvest.html

Bangladesh to speed up rice imports in wake of flooding May 25 Bangladesh will speed up plans to import rice that it brought in to build reserves and rein in local prices after flash floods hit domestic output, government officials said on Thursday.

As part of that, a Bangladeshi delegation is now in Vietnam to finalise imports of the staple grain in a government-to-government deal, said a procurement official, declining to be identified as he was not authorised to speak with media. He did not give further details on the transaction.

Ramped up demand from Bangladesh, the world's fourth-biggest rice producer, could underpin prices in major exporters Vietnam, Thailand and India.

"We are making frantic efforts to boost state reserves and bring down prices of rice," said the procurement official.

Local rice prices have reached record highs and state reserves are at six-year lows in the wake of flooding in April that wiped out around 700,000 tonnes of output.

The state grains buyer earlier this month said it would ship in 600,000 tonnes of rice after the flooding, initially issuing two tenders for a total of 100,000 tonnes of rice, its first such tenders since 2011.

Meanwhile, the procurement official said the government had decided not to withdraw duty on private rice imports, looking to protect farmers.

Bangladesh produces around 34 million tonnes of rice annually but uses almost all its production to feed its population of 160 million. It often requires imports,

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however, to cope with shortages caused by natural calamities like floods and droughts. (Reporting by Ruma Paul; Editing by Joseph Radford) http://in.reuters.com/article/bangladesh-rice-imports-idINL4N1IR2LK

Nagpur Foodgrain Prices Open- May 26, 2017 Nagpur Foodgrain Prices – APMC/Open Market-May 26 Nagpur, May 26 (Reuters) – Gram and tuar prices moved down in Nagpur Agriculture Produce and Marketing Committee (APMC) auction on lack of demand from local millers amid increased supply from producing regions. Fresh fall in Madhya Pradesh pulses and release of stock from stockists also pulled down prices in weak trading activity.

About 1,800 bags of gram and 1,700 bags of tuar were available for auctions, according to sources.

FOODGRAINS & PULSES GRAM * Gram varieties ruled steady in open market here in absence of buyers amid good supply from producing regions.

TUAR * Tuar gavarani and tuar Karnataka showed weak tendency in open market on lack of demand from local traders amid good supply from producing belts. * Moong Chamki moved down in open market on poor buying support from local traders amid increased supply from producing regions. * In Akola, Tuar New – 4,000-4,100, Tuar dal (clean) – 6,000-6,200, Udid Mogar (clean) – 9,000-10,000, Moong Mogar (clean) 6,800-7,200, Gram – 5,800-6,100, Gram Super best * Wheat, rice and other commodities moved in a narrow range in scattered deals and settled at last levels in thin trading activity.

Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg FOODGRAINS Gram Auction Gram Pink Auction Tuar Auction Moong Auction

Available prices Previous close 5,200-5,450 5,200-5,520 n.a.

2,100-2,600 3,500-3,850 3,500-4,000 n.a.

3,900-4,200

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Udid Auction n.a.

4,300-4,500 Masoor Auction n.a.

2,600-2,800 Wheat Mill quality Auction 1,500-1,652 1,500-1,620 Gram Super Best Bold 8,200-8,500 8,200-8,500 Gram Super Best n.a. n.a.

Gram Medium Best 7,600-7,900 7,600-7,900 Gram Dal Medium n.a. n.a Gram Mill Quality 5,600-5,700 5,600-5,700 Desi gram Raw 6,400-6,600 6,400-6,600 Gram Yellow 8,000-8,200 8,000-8,200 Gram Kabuli 12,300-13,400 12,300-13,400 Tuar Fataka Best-New 6,200-6,400 6,200-6,400 Tuar Fataka Medium-New 5,800-6,000 5,800-6,000 Tuar Dal Best Phod-New 5,700-6,000 5,700-6,000 Tuar Dal Medium phod-New 5,000-5,500 5,000-5,500 Tuar Gavarani New 4,150-4,250 4,200-4,300 Tuar Karnataka 4,250-4,350 4,300-4,400 Masoor dal best 5,500-5,700 5,500-5,700 Masoor dal medium 5,200-5,400 5,200-5,400 Masoor n.a. n.a.

Moong Mogar bold (New) 7,000-7,500 7,000-7,500 Moong Mogar Medium 6,500-6,800 6,500-6,800 Moong dal Chilka 5,400-6,300 5,400-6,300 Moong Mill quality n.a. n.a.

Moong Chamki best 6,900-7,900 7,000-8,000 Udid Mogar best (100 INR/KG) (New) 10,000-11,000 10,000-11,000 Udid Mogar Medium (100 INR/KG) 8,000-9,000 8,000-9,000 Udid Dal Black (100 INR/KG) 5,800-6,200 5,800-6,200 Batri dal (100 INR/KG) 5,500-5,600 5,500-5,700 Lakhodi dal (100 INR/kg) 3,300-3,500 3,300-3,500 Watana Dal (100 INR/KG) 2,900-3,000 2,900-3,000 Watana White (100 INR/KG) 3,400-3,600 3,400-3,600 Watana Green Best (100 INR/KG) 4,000-4,500 4,000-4,500 Wheat 308 (100 INR/KG) 1,950-2,050 1,950-2,050 Wheat Mill quality (100 INR/KG) 1,650-1,750 1,650-1,750 Wheat Filter (100 INR/KG) 2,150-2,350 2,150-2,350 Wheat Lokwan new (100 INR/KG) 1,850-2,050 1,850-2,050 Wheat Lokwan best (100 INR/KG) 2,200-2,350 2,200-2,350 Wheat Lokwan medium (100 INR/KG) 2,000-2,150 2,000-2,150 Lokwan Hath Binar (100 INR/KG) n.a. n.a.

MP Sharbati Best (100 INR/KG) 3,100-3,400 3,100-3,400 MP Sharbati Medium (100 INR/KG) 2,300-2,800 2,300-2,800 Rice BPT new (100 INR/KG) 3,100-3,400 3,100-3,400 Rice BPT best (100 INR/KG) 3,500-4,000 3,500-4,000 Rice BPT medium (100 INR/KG) 3,000-3,200 3,000-3,200 Rice Luchai (100 INR/KG) 2,500-2,800 2,500-2,800

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Rice Swarna new (100 INR/KG) 2,300-2,450 2,300-2,450 Rice Swarna best (100 INR/KG) 2,600-2,800 2,600-2,800 Rice Swarna medium (100 INR/KG) 2,400-2,500 2,400-2,500 Rice HMT New (100 INR/KG) 3,600-4,000 3,600-4,000 Rice HMT best (100 INR/KG) 4,500-4,800 4,500-4,800 Rice HMT medium (100 INR/KG) 4,000-4,200 4,000-4,200 Rice Shriram New(100 INR/KG) 4,650-4,850 4,650-4,850 Rice Shriram best 100 INR/KG) 6,800-7,000 6,800-7,000 Rice Shriram med (100 INR/KG) 6,300-6,500 6,300-6,500 Rice Basmati best (100 INR/KG) 11,000-15,000 11,000-15,000 Rice Basmati Medium (100 INR/KG) 6,500-8,000 6,500-8,000 Rice Chinnor New(100 INR/KG) 4,600-4,800 4,600-4,800 Rice Chinnor best 100 INR/KG) 5,800-6,300 5,800-6,300 Rice Chinnor medium (100 INR/KG) 5,400-5,600 5,100-5,300 Jowar Gavarani (100 INR/KG) 1,900-2,200 1,900-2,200 Jowar CH-5 (100 INR/KG) 1,800-1,900 1,800-1,900 WEATHER (NAGPUR) Maximum temp. 45.5 degree Celsius, minimum temp. 30.9 degree Celsius Rainfall : Nil FORECAST: Partly cloudy sky. One or two spells of rains likely. Maximum and minimum temperature would be around and 45 and 32 degree Celsius respectively.

Note: n.a.--not available (For oils, transport costs are excluded from plant delivery prices, but included in market prices) http://in.reuters.com/article/nagpur-foodgrain-idINL4N1IS2OW

Rice, price: The long and short of it Published May 25, 2017, 10:00 PM

Jose Abeto Zaide

By JosĂŠ Abeto Zaide

Before President Rodrigo R. Duterte gives the game away by granting the private sector authority to import rice to cover our shortfall, like a broken record, Oscar. Violago argues that the National Food Authority should retain the exclusive authority to import rice on G-t-G basis.BACKGROUND. Violago was a 29-year-old Boy Wonder in 1973 when, mirabile dictu, he was able to source for NFA 100,000 metric tons of Chinese rice when none

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seemed available in the world market. When rice hoarders and price manipulators saw Chinese rice being unloaded at the pier, they panicked and released their hoarded stocks, averting what could have been a calamitous artificial shortage.

In his time, the then no-nonsense NFA chairman Jess Tanchangco was able to supply demand, stabilized prices by storing both locally produced and imported rice in 400 silos throughout the country, and generated P200 billion in NFA coffers. In contrast, today NFA owes P200 billion.

THE IRONY OF IRRI. There can be no worse commentary than the fact that the International Rice Research Institute is in Los Baños, but the Philippines continues to be a major importer of rice from Thailand, Vietnam, and our neighbors.

The Filipino farmer is not lacking in imagination or industry. But we must level the playing field.

The Mekong River flows through six countries and irrigates rice paddies in China, Myanmar, Thailand, Laos, Cambodia, and Vietnam. Our neighbors have tapped this rich source of water and consequently their farmers have multiple yields.

YES, WE CAN, IF…!

1. NFA retains exclusive authority to import rice. Importation should be done well ahead of time and stored in its 400 silos to prevent hoarders from playing the market scare.

2.We do not (repeat, NOT) release a single grain of rice in the market during harvest season and maybe a month or two months beyond the season depending on the prevailing price of rice in the market.

3.We must be prepared to flood the market , if necessary, to stabilize the price of rice to be reasonable and fair to our consumers.

4. Strategically, we should locate rice stocks in the urban centers (Metro Manila, Cebu, Davao, Legazpi, Naga, etc.).

5. National Irrigation Administration (NIA) should invest in building more high dams and irrigation canals throughout the Philippines: Rice has insatiable thirst. All the fertilizer and the technology will come to naught if the essential ingredient, water, is absent. NIA should be made responsible: 6. To store waters and prevent flooding during heavy rains, and 7. To release water for irrigation to our farmers during the dry season.

This would have dual benefits of preventing floods and damage to crops and ensure that the farmers are able to have at least twice a year yields for their ricelands.

PROVEN. Thanks to the political will of former President Fidel V. Ramos, the Casecnan Dam was built and Nueva Ecija became the only all-year–round green province in the country, with farmers receiving twice, thrice and some even four-fold yield. We should replicate many more Casecnan dams throughout the country.

Violago is skeptical of the new NFA practice of allowing “farmers‟ cooperatives” and private sector to import rice. Government is mandated to provide rice to the greatest number at least cost; in contrast, the private sector, by definition, is there to maximize profit margin.

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POSTSCRIPT. We may not have the funds to provide fertilizer or farm-to-market roads to our farmers. But for those within reach, Senator Ralph Recto champions waiving the bill for irrigation waters. He calls irrigation waters the low-hanging fruit and anti-poverty tool for agriculture, which absorbs 27 percent of jobs and home to 40 percent of the poor.

What better way to fight poverty in the countryside. The P1.5-billion bill for irrigation waters would be a sneeze compared to the P150 billion requested for additional capitalization of the Central Bank. To quote Senator Recto, if banks are too big to fail, why would irrigation is too big to fund?

FEEDBACK: joseabetozaide@gmail.com

http://news.mb.com.ph/2017/05/25/rice-price-the-long-and-short-of-it/

Global rice starch industry forecast to 2022 examined in new market research report WhaTech Channel: Food & Beverage Market Research Published: 25 May 2017

Global Rice Starch Market Report covers Food Grade, Industry Grade and others as product types whereas applications covered in this report are Food Industry, Pharmaceutical Industry and Cosmetic Industry Global Rice Starch Market Reports is a professional and in-depth study on the current state of the industry. The report provides a basic overview of the Rice Starch industry including definitions, classifications, applications and industry chain structure.

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This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins, and the global market size (volume and value), and the sales segment market is also discussed by product type, applications and region.

Report Available at: www.themarketreports.com/report/2017-global-rice-starch-industry-depthresearch-report Key companies profiled in this report are Beneo, Ingredion, Bangkok Starch, Thai Flour, Agrana, Wfm Wholesome Foods, Golden Agriculture, Anhui Lianhe, Anhui Le HuanTian Biotechnology and more in terms of basic information, product categories, Sales (Volume), Revenue (Million USD), Price (USD/Unit) and Gross Margin (%) (2012-2017).

Report available at: www.themarketreports.com/report/buy-now/488394 Table of Contents: 1 Rice Starch Market Overview 2 Global Rice Starch Competitions by Players 3 Global Rice Starch Competitions by Types 4 Global Rice Starch Competitions by Application 5 Global Rice Starch Production Market Analysis by Region 6 Global Rice Starch Sales Market Analysis by Region 7 Imports and Exports Market Analysis 8 Global Rice Starch Players Profiles and Sales Data 9 Rice Starch Manufacturing Cost Analysis 10 Industrial Chain and Downstream Buyers 11 Marketing Channels Analysis 12 Global Rice Starch Market Forecast (2017-2022) 13 Research Findings and Conclusion Inquire for more details / sample at:www.themarketreports.com/report/ask-your-query/488394 Category: Market Research Publishers and RetailersCompany profile: The Market Reports aims to provide the best industry and market reports to a seeker. We are looking forward to a place where we are the one stop destination for all the report seekers irrespective of any country, category, domain, etc. We are always open on call and email (24*7) to your queries and very clean with the business methodology. Since we are dealing with so many Publishers, we can actually give you what suits best in accordance to your requirements. https://www.whatech.com/market-research/food-beverage/308198-global-rice-starch-industryforecast-to-2022-examined-in-new-market-research-report

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