20th april,2017 daily global regional local rice e newsletter

20TH APRIL 2018 DAILY GLOBAL REGIONAL LOCAL RICE E-NEWSLETT WWW.RICEPLUSMAGAZINE.BLOGSPOT.COM MUJAHID.RICEPLUS@GMAIL.COM

The Enterprise of the Future' April 19, 2018 By Daphne Northrop

Fabio Lavelanet, co-founder and CEO of Fabrar Rice near the rice fields of farmers in Margibi County, Liberia that the company purchases from. Anna Fawcus/Oxfam America

As Liberia looks toward its future, one company is determined to make its own contribution to the country’s prosperity, one rice farmer at a time.

Down a winding dirt road humming with cicadas, Peter Redd hoists a 100-pound bag of homegrown rice onto his back. In a light drizzle that hints at the rainy season to come, he and his family load 60 bags onto the waiting truck. It’s the first time Redd has sold his rice, and his smile couldn’t be broader.

A few miles away in a sunbaked warehouse, hundreds of rice bags are piled high to the ceiling. Within days, they will be shipped off to Mary’s Meals, a nonprofit that provides food for 126,000 Liberian school children.

Back in urban Monrovia, venture capitalist Fred Balogun weighs his investment options.

His special interest is small “social impact” businesses that stimulate the economy of post-war, post-Ebola Liberia.

This is but a small slice of a network created by Fabio Lavelanet, CEO of Fabrar Rice, Inc., a new 24-employee start-up that buys rice from local growers, parboils it, and mills it for sale on the local market. This is no ordinary development in Liberia, where two civil wars and Ebola have crippled progress and left its subsistence farmers among the poorest in the world.

Rice plays the starring role in most Liberians‘ diets, accounting for almost half the population‘s caloric intake. Despite the centrality of rice and the country‘s fertile climate—perfect for rice growing—a commercial rice market has never been developed.

Liberia resorts to importing a whopping 80 percent of its rice, at a cost of about $480 million a year.

Why? It‘s simply cheaper to do so. The world‘s top suppliers—Thailand, India, Pakistan, Vietnam, and the US—have flooded the market, suppressed prices, and been allowed to import without taxation. It adds up to an absurd predicament: it costs less to ship rice from Thailand to Monrovia than from farms less than 50 miles away.

The dynamics—government inaction, tangled regulations, and corruption—that have kept this incongruity well-entrenched for decades are now under scrutiny from all sides.

As the nation‘s first privately-owned commercial rice company, Fabrar is on the front lines of the battle to reclaim Liberia‘s rice economy, productivity, and self-sufficiency.

Financed by a mosaic of foreign aid, venture capital, lines of credit, and personal investments, Fabrar is widely hailed as a sign of good things to come. ―This is a major step forward in what we need to do as a country,‖ said former President Ellen Sirleaf Johnson. ―Agriculture is the enterprise of the future for Liberia.‖ Activists and politicians at every level—the president, foreign donors, international organizations, and the private sector—are all looking to move the agricultural sector from what one politician called ―farming-slavery‖ to ―farming-prosperity.‖

Their vision is unanimous: Improve roads to connect farmers with markets, which will increase their incomes. Infuse new techniques, fertilizer, and seeds into farmers‘ practices and invest in small and medium-sized businesses to increase yields. With higher incomes, families can pay school fees, improve their housing, and continually update their equipment. All of Liberia benefits.

Fabio Lavelanet and Janine Cooper, his mother and Fabrar co-founder, together in Monrovia, Liberia.

Anna Fawcus/Oxfam America

Building a business Fabrar is the brainchild of Lavelanet‘s mother Jeanine Cooper, who calls herself an ―agri-preneur.‖ After a career with the UN, she established the business in 2009 with the dream of bringing Liberian rice to Liberian people. Formerly a liaison between the UN‘s African Union and its Office for the Coordination of Humanitarian Affairs, she is known locally as an outspoken optimist, and she advocates for multi-sector commitment to, and investment in, local rice.

Lavelanet is as mission-driven as his mother. ―People always ask me, ‗Are you a business or a charity?‘‖ His answer: both. After earning a BA and MBA from Temple University in Pennsylvania, Lavelanet returned to his native Liberia with a lifetime commitment to its improvement. ―I‘m part of a generation of rebuilders. Sure, I could be doing more elsewhere without so many obstacles. But would I be doing something that matters as much?‖ In fact, he believes Liberians have a ―moral obligation‖ to buy homegrown rice.

Fabrar‘s trajectory has required immense patience and reveals the maze of obstacles, conflicts, frustrations, and opportunities in Liberia. Its story touches every level of society: small farmers like Peter Redd, Liberian politicians, families, multinational organizations, private sector companies, venture capitalists, and foreign governments.

It also reveals the widespread hope and determination to transform Liberia.

Fabrar started slowly, with a handful of employees and few customers. Sometimes a slow pace is a choice, Cooper laughs, most often not. Patience is a fine art in Liberia, where the simplest transaction can get caught up in a tangle of regulations, missteps, and delays. ―When we started, we made the rounds of banks,‖ she recalls. ―Banks are supposed to bridge the gap. Everywhere in the world banks play a role between farmers and processor, between processor and distributors. Here, they don‘t play that role,‖ she said. ―None were lending.‖ Banks aren‘t interested in investing, she says, because companies usually don‘t have sufficient collateral. ―In a country where 70 percent of citizens earn their livelihoods through agriculture, there are no banks in Liberia that even have an agricultural lending package,‖ she adds, shaking her head.

But Cooper would not be deterred, and she and Lavelanet have gone on to secure a diverse funding portfolio that has allowed rice production to surge from 25 tons a month in its first year to 150 tons a month in 2017.

A worker in Fabrar’s Rice Processing Plant sews the top of a bag of rice closed. Fabrar’s partnership with USAID’s Food and Enterprise Development Program and other donors have helped the company to build the rice processing plant and acquire additional machinery. which have helped to greatly increase their processing capacity. Anna Fawcus/Oxfam America

In 2015, the United States Agency for International Development‘s (USAID) $11.5 million Food and Enterprise Development program, offered support to Fabrar as part of its efforts to move farmers from subsistence to players in the local economy. With USAID support, Fabrar was able to renovate its warehouse, buy Liberia‘s first automated rice milling machine, and install an electric power generator that runs on non-edible palm oil instead of gasoline. Rice production doubled.

That same year, they turned to an unlikely financing source: venture capital. The West Africa Venture Fund (WAVF) was established with businesses like Fabrar in mind. It likens post-conflict Liberia to post-World War II Japan, South Korea, and West Germany, which, like Liberia, had secure democracies and international support, but no financial foundation for sustained growth. WAVF is a partnership anchored by the International Finance Corporation (IFC), the World Bank‘s private lending arm. The fund

is also supported by the Catholic Organization for Relief and Development Aid (CORDAID), a Netherlands-based NGO. ―We selected Fabrar because rice is a staple, and we want to support local production.

If we can continue to scale up production, I believe it will have a great impact on the country,‖ says Fred Balogun, WAVF‘s country director for Liberia. The $330,000 investment enabled Fabrar to buy a processing machine and increase its output from one ton to 75 tons a month. With the 2015 deal, WAVF took 49 percent ownership of the rice plant, serves on the board, and offers advice and consultation on business systems, administrative controls, and governance. WAVF expects to sustain the investment for 3-5 years and exit with Fabrar able to thrive on its own.

Balogun is optimistic, but realistic.

The $6 million he is investing in 13 Liberian projects ―is like a drop in the ocean compared to what is required,‖ he says. ―What we really need is more expertise and scaled-up investment at the national level.‖ He bemoans the catastrophic loss of intellectual capital in Liberia, as almost an entire generation was denied an education during the civil wars, and many who fled from Ebola have not returned.

Women workers spread rice out to dry outside of Fabrar’s rice processing plant. Anna Fawcus/Oxfam America

Most recently, after lengthy negotiations with the Liberian Bank for Development and Investment, Fabrar secured a line of credit. ―That gave us working capital—the biggest need for a business like ours,‖ he says. Fabrar was able to buy a new processor. ―That‘s how I was able in the very beginning to build my supply chain,‖ says Lavelanet. ―We rise and fall by the people and economy around us.‖ Lavelanet marvels at the support. ―All of this,‖ he says, sweeping his arms, ―is because of that kind of support.‖ And he doesn‘t only mean dollars. Advice and counsel on a business plan, administration, and expanding the market have been essential.

Fabrar has also created other multi-party partnerships to expand its reach and impact.

For example, it made a deal with the Dokondan Farmers Collective in northeastern Liberia to buy its rice on a long-term basis. The purchases are made possible by a loan guarantee fund under another USAID-funded initiative, the Liberia Agribusiness Development Activity (LADA), which supports agricultural development and food

security. LADA collaborates with Ministry of Agriculture through the Liberia Bank for Development and Investment.

Today, Fabrar buys rice from between 500 and 2,000 local rice farmers across the country—individual farmers who deliver to the processing plant, collectives that pool their rice, and independent farmers like Peter Redd. After processing, Fabrar then sells to stores, government agencies, and nonprofits. Cooper predicts that once Liberian rice companies get the requisite support, they can produce 40 percent of rice consumed in the country. But she knows it will take time.

Supporting Liberian development is a point of principle and pride for Fabrar. About half of its rice is sold to Mary‘s Meals, for school lunches at 156 schools. Fabrar is known for being one of the few suppliers who stayed open, paid its workers, and sold rice to the UN Food Programme during the Ebola crisis of 2014; a notable example of the potential impact of strong local businesses in developing countries.

Fabio and JB show Fabrar’s series of local rice products which the company now sells domestically and

internationally, and supplies to non-profit organizations like Mary’s Meals, a school feeding program for Liberian children. Anna Fawcus/Oxfam America

Game-changers Two omnipresent elements of Liberian life are on everyone‘s minds when it comes to developing the rice economy: The condition of the country‘s roads and the Liberiabased Firestone Rubber, the largest natural rubber operation in the world.

Rutted, washed out, and neglected, roads are one of the most frustrating aspects of life for Liberians and have been for decades. Less than a quarter of Liberia‘s roads are allweather, with most impassable during rainy season, isolating people and businesses from markets, supplies, and information. Agriculture in Liberia is at the mercy of its roads, but the government has been slow to build or repair them, with foreign donors and private companies filling the gap.

USAID, for example, has announced a partnership with the World Bank, the Swedish International Development Cooperation Agency, and the Japan International Cooperation Agency, to provide a total of $240 million in the next five years to build 300 miles of roadway.

Firestone, with its miles of rubber tree fields across 75,000 acres, employs 8,000, and purchases rubber from 60,000 small farmers. It wields both explicit and subtle powers. It funds corporation schools and health care for its employees, pays millions in taxes, and has been the major driver in the agricultural economy. The company website says it has invested more than $135 million in projects since the end of the civil war that will help Liberia rebuild.

But they buy imported rice. ―It would be a game-changer if Firestone bought local,‖ says Lavelanet.

Fabrar staff gathered outside the processing plant in Kakata, Liberia, where the company processes and packages their red and white rice products for distribution and sale. Anna Fawcus/Oxfam America

Untapped potential Oxfam believes that development programs – including those that partner with the private sector – are most effective when they‘re designed, led, and owned by local people. They know the context best and stand to gain most (or in the worst cases lose) from the outcome of foreign assistance projects. When it comes to agriculture in Liberia, there is no shortage of ideas among, farmers, businesses, NGOs, and government players on how to improve the country‘s agricultural self-sufficiency.

In conversations with Lavelanet, Cooper, and Liberians across sectors, five essential development needs emerge.

1. Finance: Create mechanisms to infuse businesses with capital, especially ones that connect local and foreign investors. Bring the financial sector (banks, insurance companies) into the mix in a coordinated fashion. Develop creative mechanisms for posting collateral for businesses that

are trying to grow.

2. Coordination: Better coordinate and integrate the programs of donors. Organizations are duplicating efforts and sometime working at cross-purposes. Many one-off efforts quickly evaporate at the end of funding, with no plan for local ownership. There is a role for a crossorganization convener or advisory board that could identify levers and solutions, create mechanisms for sharing information, and hold players accountable to ensure that the right assets are deployed at the right time in the right place.

3. Government investment: National commitment to small and medium-sized businesses is essential to improve the business climate, knowledge, and practices. Policies must favor domestic rice—ultimately all government rice purchases should be locally grown. To spur the rice sector, local experts suggest a simple one percent tax on rice imports could fund local farmers.

4. Research: Identify trusted, reputable and reliable institutions that can develop well-researched, promising models for developing the rice sector.

5. Corruption reduction: Eradicate the culture of whispering about the age-old scourge of corruption, and take action. The word ―corruption‖ is still met with an impatient shrug and the widespread agreement that it will go on unless serious action is taken at the highest levels of government.

Covered with a dusting of rice powder and husks, Peter Redd wipes his brow and muses about what rice sales might mean for his family’s future. “With more income, there will be more food to eat and education for my children.” He thinks he can earn enough money to replace the thatch roof of his home with stronger, more protective corrugated metal. That might be possible in a year or two.

This is Liberia, after all. Patience abounds.

Read more stories & updates about

Food, farming, and hunger https://www.oxfamamerica.org/explore/stories/the-enterprise-of-the-future/

Rice Transplanter Machines Market Analysis

By Current Industry Status & Growth Opportunities, Top Key Players, Target Audience And Forecast To 2022 April 19, 2018 - by Carol Harris

Rice Transplanter Machines Market report highlights the significant potential growth along with the business developers, manufactures, production, consumption, revenue, Product Overview and Scope of Rice Transplanter Machines market. This report provides the Production cost, market share and CAGR (%) Comparison for the year 2013-2025.

Rice Transplanter Machines market competition by top manufacturers/players, with volume, revenue (Million USD), Players/Suppliers Profiles and Sales Data, Manufacturing Base and market share for each manufacturer/player:          

Yanmar Iseki Kubota TYM Jiangsu World Agriculture Machinery CLAAS Shandong Fuerwo Agricultural Equipment Mitsubishi Mahindra Agricultural Machinery Dongfeng Agricultural Machinery Changfa Agricultural Equipment

Request for Rice Transplanter Machines Market Sample Report @ https://www.360Marketupdates.com/enquiry/request-sample/11207357 Geographically, Rice Transplanter Machines Market report split globally into major key Regions, with revenue, market share and growth rate from 2013 to 2024 (forecast), covering: United States, Europe, China, Japan, North America, India.

By Product types, Rice Transplanter Machines Market report revenue and growth rate of each Type, primarily split into:  

Mechanical Manual

The major objectives of this report are as follows:     

Define, analyse and forecast Rice Transplanter Machines market by Product type, applications, key players and region.

Forecast the market size with the help of value & volume for various segments regarding main regions (North America, Europe, Asia Pacific and Rest of the World).

Provide detailed information concerning the major factors (opportunities, drivers, restraints, and industry-specific challenges) influencing the growth of Rice Transplanter Machines market.

Analyse the industry with respect to individual growth trends, prospects and contributions to the total Rice Transplanter Machines market.

Analyse opportunities in the market for various stakeholders by identifying the high-growth segments of Rice Transplanter Machines market.

By End Users Application, Rice Transplanter Machines Market report focuses on the outlook for major application areas, sales volume and growth rate for each Application, including:  

Commercial Household

For more help, contact our industry expert @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/11207357 Table of Contents – A Section-wise Analysis of Rice Transplanter Machines market report        

Global Rice Transplanter Machines Sales (Consumption) by Regions (2011-2016) Global Production and Growth Rate by Types, Global Market Analysis by Applications Global Rice Transplanter Machines Manufacturers Profiles/Analysis Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy Marketing Strategy Analysis, Distributors/Traders Market Effect Factors Analysis Global Rice Transplanter Machines Market Forecast (2016-2021F) Methodology and Data Source

Overall, the report covers the profiles of Rice Transplanter Machines market players with key economic, strength & weakness analyses, and recent activities, providing a comprehensive outlook of Rice Transplanter Machines market. Also, this Rice Transplanter Machines market report offers all the pre-requisite material for clients looking to step-in into this industry, and simplify them to articulate outlines while going for an investment in the industry.

Price of this Report (SUL): $ 4000 Purchase this Report @ https://www.360marketupdates.com/purchase/11207357 Major Topics Covered in Rice Transplanter Machines market research report are as follows: Marketing Strategy Analysis, Distributors/Traders    

Marketing Channel and advancement Direct Marketing Indirect Marketing Market Positioning

Market Effect Factors Analysis   

Technology Progress/Risk Technology Progress in Related Rice Transplanter Machines market Consumer Needs/Customer Preference Change



Economic/Political Environmental Change

https://factsweek.com/677638/rice-transplanter-machines-market-analysis-by-current-industry-statusgrowth-opportunities-top-key-players-target-audience-and-forecast-to-2022/

KisanKraft enters into Seeds Segment 19 April 2018 Author: BK Jha Section: Industry

Category: Agriculture

The company signs licensing agreement with National Research Development Corporation and National Bio-Diversity Authority for Aerobic Rice

Related Category:

Mark eting

Sub Category:

Agribusin ess

KisanKraft Ltd, a leading manufacturer and wholesale distributor of high quality agricultural machinery for ―small & marginal farmers‖ is entering into seeds business. KisanKraft has signed a 10 year licensing agreement with the National Research Development Corporation (NRDC) and the National Bio-diversity Authority (NBA) for the marketing and sale of an Aerobic rice variety developed by UAS, GKVK, Bengaluru.

Through this agreement, KisanKraft plans to sell Aerobic rice seeds to farmers all over India through its dealer network. Areas where majority of the farmers face water shortage and scarcity will be benefitted the most. This is a part of a major push for environmentally sustainable, water efficient and high yielding variety/hybrid cultivars.

KisanKraft plans on utilizing this agreement to help farmers who are facing scarcity of water as Aerobic rice can be grown with 50% less water than normal wetland rice. This move also aims at reducing the amount of labor, fertilizers and pesticides inputs that farmers use without compromising on quality and yield.

Speaking at the signing, Ankit Chitalia, CEO of KisanKraft Ltd, said ―This agreement is a part of the inevitable advancement of agriculture in our country. We are in dire need of a solution to the water shortage issues that are plaguing our paddy farmers. Aerobic rice provides a water efficient and sustainable solution to farmers while maintaining a high level of yield. This is just the beginning, as KisanKraft will be increasing efforts in the research and development of various crops with the aim of helping the farmers of our country.‖ Aerobic rice can be grown in most agro-climatic zones of India, except in zones with excess rainfall e.g. coastal or hilly regions, zones with black cotton soil and zones under low land water-logged rice eco-system. Farmers of dry zones will receive maximum benefits through Aerobic rice cultivation.

The advantages of Aerobic rice are that it uses 50% less water than that required for normal wetland paddy cultivation, and reduces the amount of fertilizer, pesticides, labor costs and greenhouse gas emissions. As against up to 5,000 litres of water required to produce one kg of wetland rice, the Aerobic rice requires only up to 2,500 litres.

KisanKraft manufactures inter-cultivators, engines and water-pumps etc.. It is also a wholesale distributor of high quality agricultural machinery focusing on improving the quality of life of marginal farmers with small land holdings by helping them to increase their earnings, crop yields and cultivated areas. In a short span, KisanKraft has become one of the most reputed and trusted companies in India, in this segment with a nationwide presence. KisanKraft has an all India distribution network comprising of 3000 dealers, 16 regional offices to serve its customers across India. https://www.ruralmarketing.in/industry/agriculture/kisankraft-enters-into-seeds-segment

Agricultural Machinery Distributed Among Winners Of Crop Production Contest Fahad Shabbir (@FahadShabbir) 1 day ago Thu 19th April 2018 | 06:11 PM

Commissioner Bilal Ahmad Butt here Thursday distributed agricultural machinery as prizes among the farmers declared winners in a divisional level crop production contest.

MULTAN, (UrduPoint / Pakistan Point News - 19th Apr, 2018 ) :Commissioner Bilal Ahmad Butt here Thursday distributed agricultural machinery as prizes among the farmers declared winners in a divisional level crop production contest.

The ceremony was held at Central Cotton Research Institute (CCRI) Multan where successful farmers who had participated in production contests of seven different crops including mango, cotton, kino, paddy, maize, guava and potato, received prizes.

Forty-five farmers of Multan, Vehari, Lodhran and Khanewal were given agricultural machinery worth millions of rupees, says a release. Topwinners of cotton production contest included Malik Muhammad Hafeez (Multan), Muhammad Aslam (Khanewal), Hafiz Khubaib (Vehari), and Major (Retd) Hussain Mustehsan (Lodhran) who claimed the first prize.

Kino production contest winners included Muhammad Saeed (Vehari) and Muhammad Asif (Khanewal). Guava production contest winners included Muhammad Akram

(Vehari), and Inayat Ali (Khanewal). Mursaleen Athar from Vehari and Naeemullah from Khanewal won the maize production contest.

Mango production contest was won by Muhammad Riaz (Multan) and Syed Fakhar Imam (Khanewal). Potato production contest winners included Chaudhry Bashir Ahmad (Vehari), and Imran Shahid (Khanewal).

Basmati rice production contest was won by Muhammad Shafiq (Vehari), and Muhammad Nasir (Khanewal). The machinery awarded to farmers as prize included Rotovators, Tractor-mounter stress sprayers, Engine wheel Harrow sprayers, cotton ridgers, tractor-mounted boom sprayers, disk harrow, potato planter, mango orchard sprayers, and zero tillage drills.

Former NA Speaker Syed Fakhar Imam, MPA Mehdi Abbas Langah, chairman Zila Council Diwan Abbas Bukhari, Vice Chancellor Muhammad Nawaz Sharif University of Agriculture Dr. Asif Ali, deputy mayor Multan Munawwar Ehsan Qureshi, director agriculture extension Rana Ahmad Muneer, director cotton Dr. Sagheer and other officials attended the ceremony https://www.urdupoint.com/en/agriculture/agricultural-machinery-distributed-among-winn320242.html

Seedy Business: Chinese Scientist Sentenced to Ten Years for Stealing Proprietary Rice Seeds

by Orrick - Trade Secrets Group + Follow Contact

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In 2013, U.S. Customs and Border Protection agents caught researchers attempting to smuggle a $75 million trade secret from the United States to China. Unlike the trade secrets we usually discuss, the trade secrets in tow were rice seeds. But not just any rice seeds: these valuable seeds were genetically modified to create proteins used to treat gastrointestinal disease, antibiotic-associated diarrhea, hepatic disease, osteoporosis and inflammatory bowel disease.

Only six employees had access to the rice seeds at Ventria Bioscience—a biopharmaceutical company in Junction City, Kansas, and the only company in the United States with this proprietary technology. One of these employees, a Chinese scientist named Weiquang Zhang, stole hundreds of classified rice seeds, stashed them in his freezer, and conspired to smuggle them back to China.

Zhang also had help. Wengui Yan, a U.S. citizen employed at Dale Bumpers National Rice Research Center in Arkansas, invited a delegation of researchers from his former employer in China to visit Kansas, using official U.S. Department of Agriculture letterhead. During the delegation‘s visit, Zhang slipped them the seeds. Upon their departure, U.S. customs agents found upwards of 79 grams of seeds in the delegation‘s luggage.

Zhang was convicted in 2017 of conspiracy to steal trade secrets (18 U.S.C. § 1832(a)(5)), conspiracy to commit interstate transportation of stolen property (18 U.S.C. § 371), and interstate transportation of stolen property (18 U.S.C. § 2314 and 2).

Last week, against the backdrop of increasing trade tensions between the United States and China, Zhang was sentenced to 121 months in federal

prison for trade-secret theft. Yan pled guilty to making false statements to investigators and is awaiting sentencing. https://www.jdsupra.com/legalnews/seedy-business-chinese-scientist-14775/

Rice Bran Market Research on Technology Advancements 2018 to 2023 April 20, 2018 - by rashmi.s

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United States Country Europe Country China Country Japan Country India Country

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Rice Snack Pellets Market Advance Technology and Innovations 2018 April 20, 2018 - by rashmi.s

―“Rice Snack Pellets Market examines the performance of the Rice Snack Pellets market 2023. It encloses a complete Research of the Rice Snack Pellets market state and the competitive landscape. This report analyzes the potential of market in the present and the future prospects from various viewpoints in detail.”

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Get a Sample of Rice Snack Pellets Market Research Report at: https://www.marketreportsworld.com/enquiry/request-sample/10718020 The Rice Snack Pellets market report also focuses on the significance of industry chain analysis and all variables, both upstream and downstream. These include equipment and raw materials, client surveys, marketing channels, and industry trends and proposals. Other significant information covering consumption, key regions and distributors, and raw material suppliers are also a covered in this report Rice Snack Pellets market report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data. The Region Coverage as per bellow:     

United States Country Europe Country China Country Japan Country India Country

Rice Snack Pellets market report also provide market forecast data, according the history of this industry, the future of the industry faces what situation, growth or decline, the price trend, market size trend, segment market trend will also be provided in the forecast chapter. Rice Snack Pellets Market Report covers the manufacturers‘ data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better.

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1. Market Driver  

Food benefits of Rice Snack Pellets For a full, detailed list, view our report

1. Market Challenge  

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Place a Purchase Order (Single User License) at: https://www.marketreportsworld.com/purchase/10718020 In the end, the Rice Snack Pellets Market report includes investment come analysis, and development trend analysis. The key rising opportunities of the fastest growing international Rice Snack Pellets industry segments are coated throughout this report. This report additionally presents product specification, producing method, and products cost structure. Production is separated by regions, technology and applications. In conclusion, it is a deep research report on Global Rice Snack Pellets market. If you have any special requirements, please let us know and we will offer you the report as you want.‖ https://theanalystfinancial.com/237040/rice-snack-pellets-market-advance-technology-andinnovations-2018/

Organic Rice Market Top Manufacturers by 2023: RiceSelect, Kahang Organic Rice and Sanjeevani Organics April 20, 2018 - by Stefen Marwa

The global Organic Rice market research report tracks significant facts associated with business limitations and proceedings that include innovative technological Organic Rice advancement, acquisitions, and mergers, introduction of new product, various business stats of the Organic

Rice market that has been considered in the past and has to be processed over the forecast period 2018- 2023. The global Organic Rice market report executes an inclusive study on the historical data, current as well as the forthcoming market trends of Organic Rice market and future possibilities. However, the Organic Rice market report stands to be precise in collecting the information that can be viewed by numerous users which include researchers, Organic Rice experts, and advisors.

To access the sample report, click here: http://emarketresearch.us/global-organic-rice-market2017-2022/#Request-Sample Further, Organic Rice industrial restraint investigation of the market that adds up to the report making it more presentable. The sector includes buyers and supplier‘s database of Organic Rice market along with the competitive players of Organic Rice product including their production and cost structure.

Along with this, the global Organic Rice market includes major key players Dingxiang, SUNRISE foodstuff JSC, Jinjian, Texas Best Organics, Yanbiangaoli, KHAOKHO TALAYPU, Randallorganic, CAPITAL RICE, Heilongjiang Taifeng, YINCHUAN, URMATT, HUICHUN FILED RICE, BEIDAHUANG, RiceSelect, Heilongjiang Julong, Sanjeevani Organics, Vien Phu, Doguet‘s Rice and Kahang Organic Rice that act as the major participants in increasing the market volume and revenue of the Organic Rice market.

Moreover, the Organic Rice report complements the production procedure of Organic Rice, raw materials and other expenses that adds to manufacturing Organic Rice. The information provided in the global Organic Rice market report relates to the types of product are Polished glutinous rice(sticky rice), Polished round-grained rice and Indica(long-shaped rice), Organic Rice applications are Deep processing and Direct edible Major geographical regions that include North America covering up leading countries for Organic Rice market in Canada, Mexico, and the United States, Europe covering up countries like Organic Rice market in UK, France, Germany, Russia, and Italy, Asia Pacific covering up the Organic Rice market in India, Korea, China, Japan, Thailand and South East Asia, Latin America covering up Organic Rice market in Argentina, Columbia, and Brazil, and the Middle East and Africa looking out for Organic Rice market in Nigeria, UAE, South Africa, Saudi Arabia and Egypt respectively.

Moreover, certain features are to be considered while preparing the Organic Rice report. Mainly, the overall investigation of the companies that are involved in the marketing and production of Organic Rice based on past and futuristic market situation and market break down on the Organic Rice market segments that include product type, applications, and geographical regions.

Moreover, an in-depth study of Organic Rice market changing aspects that provides a thorough projection of the driving factors, growth factors, Organic Rice developing countries, various company norms, obstacles, and opportunities applicable in the Organic Rice market report.

The global Organic Rice market has emphasized on each and every region thoroughly to comprehend the outline related to various manufacturer at small scale and large scale level.

Additionally, Organic Rice market also covers the PESTAL (Political, Economic, Social, Technological, Environmental and Legal) and Organic Rice market on the basis of SWOT analysis (Strength, Weaknesses, Opportunities, and Threats) including CAGR figures over the forecast period 2018-2023.

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Get in touch with Us: 420 Lexington Avenue Suite 300 New York City, NY 10170, United States

USA/Canada Tel No: +1-857-2390696 Email: inquiry@market.biz https://newspharmaceuticals.com/117877/organic-rice-market-top-manufacturers-by-2023-riceselectkahang-organic-rice-and-sanjeevani-organics/

Sanchez: Sugarlandia no more

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BENEDICT SANCHEZ 7 hours ago

IT HAS been the bane of Negros Occidental to be called ―sugarlandia.‖ It used to be a case of putting all eggs in one basket of sugar.

Everything rises or falls on the fortune of this commodity. As one former official of the Sugar Regulatory Administration featured in the video documentary ―Pureza‖ put it, when the sugar industry sneezes, the province catches a cold.

Not anymore. Negrenses are basking in the glow of good news after good news. From grass, it can thrive on the boons of grain.

Recently, PhilRice Chief Science Research Specialist Dr. Marissa Romero said the province already has areas intended for special rice production.

Romero said Negros Occidental, has not yet fully maximized its production and exportation of specialty rice potentials, thus the government should look at it as an enterprise opportunity for local farmers.

I remember in 2004 when the NGO Broad Initiatives for Negros Development (Bind) exported organic rice to Switzerland.

It was a one-shot deal. Switzerland—and European countries for that matter—are not known to be rice eaters. A market research shows they consume a small portion of rice once a week. It‘s a

very elastic product among Europeans.

But the fact that it was able to meet stringent Swiss import requirements shows the potential of rice as an export product.

Now in 2018, Romero emphasized that ―There are many specialty rice areas in Negros Occidental which can produce quality products through proper postharvest‖ and that with ―good labels and packaging, it can be competitive.‖ A former Peace Corps volunteer who once worked in the Cordilleras emailed me once. Back in the USA, she was into the import business of heirloom rice varieties.

Bind back then was involved in plant genetic resource conservation. Community genebanking key to on-farm conservation, focusing on native rice conservation. These rice varieties are often found in the mountains of Negros Occidental.

In the plains, these rice varieties have been subsumed by IRRI-bred rice.

Now PhilRice is taking the cudgels for these rice endemics. Romero touched on business opportunities and different by-products of special or specialty rice.

She also discussed to what specialty rice is, why it is called special, what its benefits are, and how it can be utilized for value adding. Romero said specialty rice is of premium quality, thus it commands a higher price in the market.

Will Negrenses take up the call of business opportunities and rice conservation to boost the provincial economy?* (bqsanc@yahoo.com) http://www.sunstar.com.ph/article/1514256/Bacolod/Opinion/Sanchez-Sugarlandia-no-more

Pakistan to attend SCO summit as full member in June: Yao Jing Listen

ISLAMABAD: Chinese Ambassador to Pakistan on Thursday said that first time Pakistan would attend Shanghai Cooperation Organisation (SCO) summit hosted by China as full member in June and president of Pakistan would grace the event.

While briefing the media persons Chinese ambassador said that the meeting between President Xi and Prime Minister of Pakistan Shahid Khaqan Abbasi remained successful during Boao forum. Ambassador, who was present in the meeting, said that during the meeting President Xi showed satisfaction on the progress of China Pakistan Economic Corridor (CPEC). Chinese president said China-Pakistan relations are best example of good neighbours and China take this relation to new stage.

Chinese ambassador said that during the meeting PM Abbasi suggested President Xi to import sugar and rice from Pakistan and now China is thinking about it.

Talking about development projects in Gwadar, Chinese ambassador said that new projects in Gwadar including two more water plants, expansion of Gwadar Airport and a big hospital are under consideration.

Briefing about SCO summit he said that this summit would very comprehensive where ministers from transportation, trade, human rights etc would have meeting with

each others. ―Chief Justices of all the members‘ countries would also attend SCO summit to develop their partnership in the field of judiciary,‖ he added.

In connection with the SCO, the meeting of the Council of Foreign Ministers of the Member States will be held in Beijing on April 24. Pakistan Foreign Minister Khawaja Muhammad Asif will represent his country at the meeting.

This is the first meeting of the Council of Foreign Ministers of the Member States after the enlargement of the SCO, which aims to lay the groundwork for the Qingdao Summit.

Relying to a question about anti-CPEC propaganda by the vested lobby, the ambassador said it will not work, since Pakistani media is highly friendly and cooperative, and it is quite effective in countering it, building positive image of their socio-economic partnership.

He pointed out that consolidating the all-weather friendship between China and Pakistan has more important and practical significance for regional peace and development. The Shanghai Cooperation Organization (SCO) is a permanent intergovernmental international organisation, which was announced in June 2001 and Pakistan was announced its full member in June 2017. https://www.thenews.com.pk/print/306634-pakistan-to-attend-sco-summit-as-full-member-in-juneyao-jing

Seedy Business: Chinese Scientist Sentenced to Ten Years for Stealing Proprietary Rice Seeds

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In 2013, U.S. Customs and Border Protection agents caught researchers attempting to smuggle a $75 million trade secret from the United States to China. Unlike the trade secrets we usually discuss, the trade secrets in tow were rice seeds. But not just any rice seeds: these valuable seeds were genetically modified to create proteins used to treat gastrointestinal disease, antibiotic-associated diarrhea, hepatic disease, osteoporosis and inflammatory bowel disease.

Only six employees had access to the rice seeds at Ventria Bioscience—a biopharmaceutical company in Junction City, Kansas, and the only company in the United States with this proprietary technology. One of these employees, a Chinese scientist named Weiquang Zhang, stole hundreds of classified rice seeds, stashed them in his freezer, and conspired to smuggle them back to China.

Zhang also had help. Wengui Yan, a U.S. citizen employed at Dale Bumpers National Rice Research Center in Arkansas, invited a delegation of researchers from his former employer in China to visit Kansas, using official U.S. Department of Agriculture letterhead. During the delegation‘s visit, Zhang slipped them the seeds. Upon their departure, U.S. customs agents found upwards of 79 grams of seeds in the delegation‘s luggage.

Zhang was convicted in 2017 of conspiracy to steal trade secrets (18 U.S.C. ยง 1832(a)(5)), conspiracy to commit interstate transportation of stolen property (18 U.S.C. ยง 371), and interstate transportation of stolen property (18 U.S.C. ยง 2314 and 2).

Last week, against the backdrop of increasing trade tensions between the United States and China, Zhang was sentenced to 121 months in federal prison for trade-secret theft. Yan pled guilty to making false statements to investigators and is awaiting sentencing.

Send Print Report https://www.jdsupra.com/legalnews/seedy-business-chinese-scientist-14775/

Salt

optimizes creation of 2-D materials Rice scientists show how salt lowers reaction temperatures to make novel materials.

April 19, 2018

Rice University scientists built computer models of intermediate reactions to

understand why salt lowers reaction temperatures in the synthesis of twodimensional compounds. Above left, molybdenum oxychloride precursor molecules undergo sulfurization in which sulfur atoms replace oxygen atoms.

That sets up the material to form new compounds. At right, the calculations show the charge densities of the new molecules. Courtesy of the Yakobson Group Rice University scientists used a dash of salt to simplify the creation of twodimensional materials that combined transition metals and chalcogens.Scientists believe that the discovery could lead to smaller and faster transistors, photovoltaics, sensors, and catalysts.

Boris Yakobson, a Rice professor of materials science and nanoengineering and of chemistry, was the go-to expert when a group of labs in Singapore, China, Japan and Taiwan primarily determined that salt reduces the temperature at which some elements interact in a chemical vapor deposition (CVD) furnace.

Thus, it is easy to frame molecule-thick layers like graphene with the capability to redo their substance organization for particular layer-material and in like manner electrical, optical, synergist and other helpful properties.

Scientists experimented their technique with CVD to create 47 compounds of metal chalcogenides. Most of the new compounds had two ingredients, but some were alloys of three, four and even five. A significant number of the materials had been envisioned and even pined for, but never made.

In the CVD procedure, atoms energized by temperatures — for this situation in the vicinity of 600 and 850 degrees Celsius (1,112 and 1,562 degrees Fahrenheit) — shape a gas and at last settle on a substrate, connecting to molecules of reciprocal science to frame monolayer precious stones.

Researchers already suspected salt could facilitate the process. They also analyzed the molecular model to learn why salt made it easier to melt metals

with chalcogens and get them to react. That would help them learn if it might work within the broader palette of the periodic table.

Yakobson said, ―Whether in the form of common table salt (sodium chloride) or more exotic compounds like potassium iodide, salt was found to allow chemical reactions by lowering the energetic barrier that otherwise prevents molecules from interacting at anything less than ultrahigh temperatures.‖ ―I call it a ‗salt assault‘. This is important for synthesis. First, when you try to combine solid particles, no matter how small they are, they still have limited contact with each other. But if you melt them, with salt‘s help, you get a lot of contact on the molecular level.‖ ―Second, salt reduces the sublimation point, where a solid undergoes a phase transformation to gas. It means more of the material‘s component molecules jump into the gas phase. That‘s good for general transport and contact issues and helps the reaction overall.‖ Scientists found that the procedure doesn‘t encourage the development of the 2-D-material itself specifically to such an extent as it takes into account the arrangement of the middle of the road oxychlorides. These oxychlorides at that point prompt the 2-D chalcogenide development.

Yakobson said, ―Detailing this process required intensive atom-by-atom simulations. These took weeks of heavy-duty computations of the quantum interactions among as few as about 100 atoms – all to show just 10 picoseconds of a reaction. We only did four of the compounds because they were so computationally expensive, and the emerging picture was clear enough.‖ Co-authors of the paper are Jiadong Zhou, Fucai Liu, Qundong Fu, Qingsheng Zeng, Hong Wang, Yu Chen, Juan Xia, Ting Yu and Zexiang Shen of Nanyang Technological University, Singapore; Junhao Lin and Kazu Suenaga of the National Institute of Advanced Industrial Science and Technology, Tsukuba,

Japan; Xiangwei Huang, Guangtong Liu, Yao Zhou and Qian Liu of the Chinese Academy of Sciences, Beijing; Huimei Yu of East China University of Science and Technology, Shanghai; Di Wu and Chuang-Han Hsu of the National University of Singapore; Changli Yang and Li Lu of the Chinese Academy of Sciences and Collaborative Innovation Center of Quantum Matter, Beijing; and Hsin Lin of the National University of Singapore and the Institute of Physics, Academia Sinica, Taipei, Taiwan.

Scientists have reported the results this week in Nature. https://www.techexplorist.com/salt-optimizes-creation-2-d-materials/13664/

Rice Husk Ash Market Top Manufacturers by 2023: Deelert Group, Jasoriya Rice Mill and Rescon (India) April 19, 2018 - by Stefen Marwa

The global Rice Husk Ash market research report tracks significant facts associated with business limitations and proceedings that include innovative technological Rice Husk Ash advancement, acquisitions, and mergers, introduction of new product, various business stats of the Rice Husk Ash market that has been considered in the past and has to be processed over the forecast period 2018- 2023. The global Rice Husk Ash market report executes an inclusive study on the historical data, current as well as the forthcoming market trends of Rice Husk Ash market and future possibilities. However, the Rice Husk Ash market report stands to be precise in collecting the information that can be viewed by numerous users which include researchers, Rice Husk Ash experts, and advisors.

To access the sample report, click here: http://emarketresearch.us/global-rice-husk-ashmarket-key-players-application-type-region-forecast-2022/#Request-Sample Further, Rice Husk Ash industrial restraint investigation of the market that adds up to the report making it more presentable. The sector includes buyers and supplier‘s database of Rice Husk Ash market along with the competitive players of Rice Husk Ash product including their production and cost structure. Along with this, the global Rice Husk Ash market includes major key players Yihai Kerry Investments, Usher Agro, Rescon (India), Agrilectric Power Company, Guru Metachem, Jasoriya Rice Mill and Deelert Group that act as the major participants in increasing the market volume and revenue of the Rice Husk Ash market.

Moreover, the Rice Husk Ash report complements the production procedure of Rice Husk Ash, raw materials and other expenses that adds to manufacturing Rice Husk Ash. The information provided in the global Rice Husk Ash market report relates to the types of product are Silica Content Between 90-94%, Silica Content More Than Or Equal to 95%, Silica Content Between 80-84% and Silica Content Between 85-89%, Rice Husk Ash applications are Building & Construction, Silica, Ceramics & Refractory, Rubber and Steel Industry Major geographical regions that include North America covering up leading countries for Rice Husk Ash market in Canada, Mexico, and the United States, Europe covering up countries like Rice Husk Ash market in UK, France, Germany, Russia, and Italy, Asia Pacific covering up the Rice Husk Ash market in India, Korea, China, Japan, Thailand and South East Asia, Latin America covering up Rice Husk Ash market in Argentina, Columbia, and Brazil, and the Middle East and Africa looking out for Rice Husk Ash market in Nigeria, UAE, South Africa, Saudi Arabia and Egypt respectively.

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Manufacturers by 2023: LT Foods, KRBL Limited, Amira Nature Foods and Best Foods April 19, 2018 - by Stefen Marwa

The global Basmati Rice market research report tracks significant facts associated with business limitations and proceedings that include innovative technological Basmati Rice advancement, acquisitions, and mergers, introduction of new product, various business stats of the Basmati Rice market that has been considered in the past and has to be processed over the forecast period 2018- 2023. The global Basmati Rice market report executes an inclusive study on the historical data, current as well as the forthcoming market trends of Basmati Rice market and future possibilities. However, the Basmati Rice market report stands to be precise in collecting the information that can be viewed by numerous users which include researchers, Basmati Rice experts, and advisors.

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Moreover, the Basmati Rice report complements the production procedure of Basmati Rice, raw materials and other expenses that adds to manufacturing Basmati Rice. The information provided in the global Basmati Rice market report relates to the types of product are Pakistani Basmati Rice and Indian Basmati Rice, Basmati Rice applications are Direct Edible and Deep Processing Major geographical regions that include North America covering up leading countries for Basmati Rice market in Canada, Mexico, and the United States, Europe covering up countries like Basmati Rice market in UK, France, Germany, Russia, and Italy, Asia Pacific covering up the Basmati Rice market in India, Korea, China, Japan, Thailand and South East Asia, Latin America covering up Basmati Rice market in Argentina, Columbia, and Brazil, and the Middle East and Africa looking out for Basmati Rice market in Nigeria, UAE, South Africa, Saudi Arabia and Egypt respectively.

Moreover, certain features are to be considered while preparing the Basmati Rice report. Mainly, the overall investigation of the companies that are involved in the marketing and production of Basmati Rice based on past and futuristic market situation and market break down on the

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Get in touch with Us: 420 Lexington Avenue Suite 300 New York City, NY 10170, United States USA/Canada Tel No: +1-857-2390696 Email: inquiry@market.biz Website: http://emarketresearch.us/ https://theanalystfinancial.com/229068/basmati-rice-market-top-manufacturers-by-2023-lt-foods-krbllimited-amira-nature-foods-and-best-foods/

Customs seize rice, vegetable oil, worth N65m, in Kaduna By News Agency of Nigeria April 19, 2018

The Federal Operation Unit Zone B of Nigeria Customs Service said on Thursday it seized 1, 500 bags of smuggled rice and vegetable oil valued over N65 million in Kaduna.

The Controller, Usman Dakingari who displayed the seized items before newsmen in Kaduna, said the goods were loaded in two trailers and concealed using raw groundnut and ginger.

He said that the trucks contained over 1,500 bags of rice with duty paid value of about 60 million naira while the vegetable oil has duty value of N5 million.

The controller explained that the items were recovered based on intelligence information from officers and some patriotic Nigerians.

Dakingari said, ――The command will not tolerate any act of smuggling activities in the zone and we are ready to bring all economic saboteurs to book.‖ Get more stories like this on Twitter & Facebook

AD: To get thousands of free final year project topics and materials sorted by subject to help with your research [click here] https://www.today.ng/news/nigeria/106960/customs-seize-rice-vegetable-oil-worth-n65m-kaduna

Luzon rice traders supply Metro with cheap grains 06:00 AM April 20, 2018

Consumers in Metro Manila enjoy cheap rice courtesy of traders from Nueva Ecija, Bulacan and Isabela. —JAM STA. ROSA CABANATUAN CITY—Grains dealers are offering rice produced in Nueva Ecija, Bulacan and Isabela provinces at P39 a kilogram from April to May, to help manage the price jump created by the absence of supplies from the National Food Authority (NFA).

The NFA lost almost all its buffer stocks due to internal government debates about importing rice. Cheap NFA rice has kept the prices of commercial rice from drastically shooting up.

President Duterte recently approved rice importation before placing the NFA back under the supervision of the Department of Agriculture.

Rice millers in Nueva Ecija said they were prepared to supply Metro Manila markets until the rice imports arrived.

Newly harvested and milled rice had been delivered directly to wholesalers and retailers to keep the price steady at P39 a kilogram, according to Mel Coronel, president of the Nueva Ecija Rice Millers Association.

He said members of the association had contributed bags of rice which were deployed to assigned areas in Metro Manila.

They are expected to deliver 100,000 bags (each containing 50 kg) in April and another 100,000 bags in May, he said. ―We are selling our rice at a loss but … we are able to help our countrymen,‖ said Coronel, who met with Mr. Duterte and other rice dealers in Malacañang on April 5.

He said rice millers associations in Isabela and Bulacan had also promised to add 100,000 bags of rice each month.

The farm gate price of palay in Nueva Ecija is P20 a kg while dried palay sells for P24.50 a kg. —ANSELMO ROQUE

Read more: http://newsinfo.inquirer.net/983829/luzon-rice-traders-supply-metro-withcheap-grains#ixzz5DDoeSCbi Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook http://newsinfo.inquirer.net/983829/luzon-rice-traders-supply-metro-with-cheap-grains

Jigawa engages 1,000 farmers for rice cultivation Posted By: Agency Reporter On: April 19, 2018 In: Business, News Update

0

FacebookTwitterGoogle+PinterestLinkedIn WhatsApp The Jigawa Government will support 1,000 farmers to cultivate 1,000 hectares of rice farms across the state in 2018, an official said on Thursday.

Alhaji Jamilu Dan-Malam, a Special Assistant to Gov. Muhammad Badaru, told the newsmen in Dutse that the farmers were drawn from the 23 rice producing local government areas in the state.

He said, ‗‗Preparations for rice production in the 2018 cropping season is ongoing.

‗‗As you know, His Excellency has given much attention to agriculture with a view to improving the economic wellbeing of the downtrodden. ‗‗And last week we held a meeting with him where he approved that 1,000 hectares of rice be cultivated during the 2018 wet farming season. ‗‗So, 1,000 farmers will be engaged where each farmer will be supported to cultivate one hectare. ‗‗The beneficiaries are currently being screened to participate in the exercise in 23 rice producing local government areas of the state.‘‘ Dan-Malam stated that preparations for the programme had reached 60 per cent, adding that the screening for the beneficiaries had commenced.

According to him, one tube well would be sunk for each hectare to ensure adequate water supply for the programme.

Dan-Malam further told the newsmen that improved and certified seeds, fertiliser, water pumps, insecticides, pesticides and sprayers were among the inputs to be given to the farmers.

Read Also: Landslide kills one in Jigawa

‗‗Hadejia senatorial district will have 40 per cent of the total hectares because they have the largest Fadama land in the state, while the remaining 60 per cent would be shared between the other two senatorial districts.‘‘ He pointed out that the beneficiaries would pay back the soft loan after cultivation.

‗‗After cultivation, the farmers will pay for the total cost of the inputs provided to them for the exercise. ‗‗They will just pay the exact amount; no interest is attached to it. ‗‗And after the exercise, the off-takers will come and buy from the youths, then we will take our money for the provided farm inputs and they will get their share too. ‗‗The farmers have nothing to worry about, as you know already, we have our local offtakers like Danmod rice mills in Kafin Hausa, Three Brothers in Hadejia, Majestic in Birnin Kudu and Closjas rice millers, among others,‘‘ he said. http://thenationonlineng.net/jigawa-engages-farmers/

Govt probes source of cash crunch, discovers large payments without 'any economic logic' 

RAHUL SHRIVASTAVA  New Delhi  April 19, 2018  UPDATED 20:14 IST  FOLLOW  EMAIL AUTHOR     

READ LATER

HIGHLIGHTS 

Withdrawals worth thousands of crores made in March-April: Fin Min sources



Rice millers, contractors, and agro-traders in 3 states made large payments, taxman discovers



Transactions didn't tally with past spending, had little economic rationale

Large cash withdrawals in a few states may have behind the recent cash crunch in the country, a preliminary government probe has revealed (Getty file photo) The government now appears to have ample evidence that the ongoing cash crunch was caused, as Union Finance Minister Arun Jaitley said Monday, by a "sudden and unusual" increase in "some areas."

In recent weeks, government sources say, there have been high-volume cash withdrawals worth crores - first in Telangana, then in northern Karnataka, and later in Andhra Pradesh. A closer look at the map shows the cash rush started in contiguous areas in these three states.

On the other hand, sources have categorically denied that the recent surge in demand for cash was caused by excessive withdrawals made by ordinary citizens, or from ATMs. "The shortage started with large payments using cheques and other banking instruments by some - in a specific region", a senior official said.

Now, government agencies are trying to determine why the large withdrawals were made - for hoarding as black money, for use in the upcoming assembly election in Karnataka, or for something else.

'NO ECONOMIC LOGIC'

The I-T department has found - using data mining - that a large number of rice millers, contractors, and agrotraders in the three southern states began making large payments in the second half of March, through cheques and other banking instruments, India Today has learned.

In fact, in the last few days, the taxman has conducted 40-odd surveys. It has discovered instances where a single business made almost 20 high-volume payments in the span of a few hours, a top source in the Ministry of Finance said.

Government sources said some of the players who could have triggered the cash crunch are already being investigated.

The I-T department has already quizzed many of the contractors, rice millers and agro-traders involved under Section 131* of the Income Tax Act. Scrutiny of their current and past accounts revealed that the payments they made didn't tally with their past spending, and had little economic rationale. In many cases, payments were made to entities which did not previously have business links to the issuing company, or the recipient had no business to justify the receipt.

For the moment, it's unclear why these transactions happened.

"There seems to be no reason why these large number and volume of payments were made", an income tax official said. "The department is trying to question the recipients to find what did they do with the payments they received without any economic logic."

HOW THE CASH CRUNCH MAY HAVE SPREAD In March-April, there was a 13-day period when withdrawals worth Rs 45,000 crore took place (Normally, the number is just Rs 20,000 crore), sources in the Ministry of Finace said.

Government sources explained that the high-volume withdrawals led to a shortage of cash in the southern regions where they occurred.

News of the crunch spread like wildfire, leading to higher withdrawals elsewhere - for bank account holders didn't want to be left strapped for cash.

The panic was particularly pronounced in places where Rs 2,000 bills were being hoarded, and where all ATM machines are yet to calibrated to dispense Rs 200 bills in abundance. *This section empowers I-T authorities to conduct inquiries, and invests it with the power to summon individuals and examine them under oath, issue commissions, and ask for the production of documents and books of account.

WATCH | Situation is temporary, says govt as public faces cash

https://www.indiatoday.in/india/story/cashcrunch-itWe will support 1,000 farmers for rice cultivation – Jigawa govt April 19, 2018 - by Benson Akomo - Leave a Comment

WorldStage Newsonline— The Jigawa State Government has announced plan to will support 1,000 farmers to cultivate 1,000 hectares of rice farms across the state in 2018.

Special Assistant to Jigawa State Governor, Alhaji Jamilu Dan-Malam who stated this in Dutse said that the farmers were drawn from the 23 rice producing local government areas in the state.

He said, ‗‗Preparations for rice production in the 2018 cropping season is ongoing. ‗‗As you know, His Excellency has given much attention to agriculture with a view to improving the economic wellbeing of the downtrodden. ‗‗And last week we held a meeting with him where he approved that 1,000 hectares of rice be cultivated during the 2018 wet farming season.

‗‗So, 1,000 farmers will be engaged where each farmer will be supported to cultivate one hectare. ‗‗The beneficiaries are currently being screened to participate in the exercise in 23 rice producing local government areas of the state.‘‘ Dan-Malam stated that preparations for the programme had reached 60 per cent, adding that the screening for the beneficiaries had commenced.

According to him, one tube well would be sunk for each hectare to ensure adequate water supply for the programme.

Dan-Malam further said that improved and certified seeds, fertiliser, water pumps, insecticides, pesticides and sprayers were among the inputs to be given to the farmers. ‗‗Hadejia senatorial district will have 40 per cent of the total hectares because they have the largest Fadama land in the state, while the remaining 60 per cent would be shared between the other two senatorial districts.‘‘ He pointed out that the beneficiaries would pay back the soft loan after cultivation. ‗‗After cultivation, the farmers will pay for the total cost of the inputs provided to them for the exercise. ‗‗They will just pay the exact amount; no interest is attached to it. ‗‗And after the exercise, the off-takers will come and buy from the youths, then we will take our money for the provided farm inputs and they will get their share too. ‗‗The farmers have nothing to worry about, as you know already, we have our local off-takers like Danmod rice mills in Kafin Hausa, Three Brothers in Hadejia, Majestic in Birnin Kudu and Closjas rice millers, among others,‘‘ he said.

-department-ministry-of-finance-1215885-2018-04-19

https://www.worldstagegroup.com/we-will-support-1000-farmers-for-rice-cultivation-jigawa-govt/

I-T Dept finds excessive withdrawals in Telangana, Karnataka, AP led to cash crunch Rahul Shrivastava

Last Updated: April 20, 2018 | 11:04 IST

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The Income Tax Department has zeroed in on the main reason that led to a sudden currency shortage in several states earlier this week. I-T Department sources told India Today that excessive cash withdrawals first started in Telangana and later spread to neighbouring states Karnataka and Andhra Pradesh.

But, who made these withdrawals? "Rice millers, contractors and agro-traders made unusually large number of high volume payments without any justification. The department has also found that the large number of highworth payments were made through cash and other instruments. In fact, 20 odd huge transactions were made in one go," the source told India Today.

I-T Department is suspecting hoarding of cash to create currency shortage in Karnataka, according to the source. The southern state is scheduled to go to polls in less than a month. The tax authority is questioning the recipients of huge amounts of withdrawn cash. The probe shows payments and withdrawals were way beyond past trends.

Last week, ATMs in Gujarat, Maharashtra, Bihar, Rajasthan, Uttar Pradesh, Madhya Pradesh, Telangana, Karnataka and Aandhra Pradesh had run out of cash. The Finance Ministry in a statement said that the crisis happened to unusual spurt in currency demand in last three months.

On Thursday, it was reported that the situation in many parts of the states have improved with over 80 per cent of ATMs working fine. In a report, the SBI claimed that there was no real currency crisis and what had had happened could be a seasonal phenomenon.

It said: "The decline in ATM withdrawal in the fourth quarter could actually be a seasonal phenomenon apart from the usual reasons floating around like currency shortage. This strongly supports our contention that the current shortage could be superficial rather than real." https://www.businesstoday.in/current/economy-politics/income-tax-dept-excessive-cash-withdrawalstelangana-karnataka-currency-crunch/story/275281.html

The NFA kerfuffle 0

BY JOJO ROBLES ON APRIL 19, 2018OPINION ON PAGE ONE

Twitter

JOJO ROBLES SOMETIMES it‘s so hard to convince people that President Rodrigo Duterte is going to do exactly as he says. But it‘s sad when even his own people apparently don‘t consider him serious enough to do the follow- through.

This is my takeaway from the removal of Cabinet Secretary Leoncio Evasco Jr. as chairman of the policy-making National ouster was inevitable, simply because there was no way Duterte could back away from the issue any longer.

Despite Duterte‘s many and long pronouncements on the need for the importation of cheap rice to cover the shortfall in the stocks of the National Food Authority, people—especially people in Malacañang identified with Evasco—continued to paint the issue as a power play between the Cabinet Secretary and NFA Administrator Jason Aquino. And they picked the outsider Aquino to lose against the powerful, longtime friend and supposed relative of Duterte, Evasco.

I believed then and I believe now that Duterte never framed the issue of rice importation in such Machiavellian terms. To the president, who I first heard discuss the issue early last year, it was a problem that needed a quick solution that the Palace was in a perfect position to provide.

Cheap rice stocks for the poor in NFA warehouses were running low, so he ordered government-to-government importation. Some people, including a holdover Aquino undersecretary in Evasco‘s office, tried to amend this oh-so-clear directive by converting the 250,000-ton importation requested by Duterte into a government-to-private sector deal. That meant private dealers would get to wet their beaks in the transaction, instead of the government just dealing with another state and the imported stocks arriving faster than if the Philippines dealt with private traders. Duterte fired her during a humiliating press conference.

Then early this year, Duterte asked about the importation, which still hadn‘t been sealed.

Again, the president was told by the council of Evasco that the deal was in the pipeline; the president, in an NFAC meeting that he presided over, said to get it done.

Then the council members did a strange thing: They started blaming Aquino for sabotaging the importation by selling off NFA‘s rice stocks in large volumes too soon, thus causing the rice crisis.

Of course, Aquino had nothing to do with rice importation and would have in no way benefited from either a GTG or a GTP import scheme. Besides, I will insist that this is a case of officials trying to amend a clear and direct order by the president – and being punished after they were found out.

How difficult would it have been for Evasco and his council members, for instance, to just do what Duterte told them to do, which was to import rice to shore up NFA stocks? Why did they have to go through the rigmarole of finding local stocks that they knew did not exist, or at least were nonexistent in the mandated NFA buying price of P34 per kilo milled?

Now Evasco has been removed as head of the council, Aquino is still at NFA, Agriculture Secretary Emmanuel Piñol is left with the job of fixing the unnecessary mess created. And if rice isn‘t imported soon, the NFA will still have nothing to sell to the poorest five percent of the population or to stock up for natural calamities.

Note that even after meeting with local rice cooperatives, government officials were only able to convince farmers to sell at P39 per kilo, which is just going to cost more. Besides, at P39, the regular-milled variety being passed off as NFA rice is just one peso cheaper than the cheapest commercial variety available, so what‘s the diff? *** Some say the free-marketers in the Duterte Cabinet, including some of those belonging to the NFAC, don‘t like the idea of rice subsidies, even the bare-bones ones being provided by the NFA. But I‘d like to believe that Duterte is actually a believer in social safety nets, especially for the very poor, and will maintain or even expand what little subsidies government can provide.

One of the reasons, I think, for Duterte‘s wide appeal is because of his demonstrable empathy and his very visible heart for the poor.

Besides, Duterte knows that rice is also a political issue. He cannot have become the accomplished politician (especially the accomplished local politician) that he is if he did not understand perfectly the issues surrounding the national staple.

Beyond Evasco and his allies in the NFAC, the kerfuffle in the council should remind the free-marketers in the Cabinet that Duterte will not sell out his poorest constituency. That is certainly non-negotiable, for him.

Looking beyond, it should be clear that even someone as purportedly close to Duterte as Evasco, a former Catholic priest, communist rebel and mayor of Maribojoc, Bohol, who is also said to be related by blood to the president, cannot rely simply on his sterling connections with the Chief Executive. Duterte may not know Aquino, a rebel soldier and former Army Scout Ranger, from Adam, but he still sided with him in that supposed spat with the powerful CabSec. Duterte is really that rare bird who doesn‘t care about anything except doing the right thing.

This rice importation controversy, to my mind, conclusively proves that. http://www.manilatimes.net/the-nfa-kerfuffle/393518/

Central provinces target 2.5 million tonnes of rice in upcoming crops VNA THURSDAY, APRIL 19, 2018 - 17:53:00 PRINT

Illustrative image (Source: VNA)

Dak Lak (VNA) – The Ministry of Agriculture and Rural Development (MARD) has asked South Central and Central Highlands provinces to strive to produce at least 2.5 million tonnes of rice in this year‘s upcoming crops.

The MARD made the call during a conference held in Buon Ma Thuot city of the Central Highlands province of Dak Lak to review rice production in the 2017-2018 winter-spring crop in the regions and launch this year‘s production plan.

Accordingly, the provinces plan to grow more than 448,600 ha of rice in this year‘s upcoming crops, with half of them being planted in the summer-autumn crop.

The ministry also instructed the provinces to arrange suitable time for rice growing and apply cultivation techniques to avoid drought and lessen its impacts to rice production.

In the 2017-2018 winter-spring crop, the South Central and Central Highlands provinces planted more than 320,470 ha of rice, yielding an estimated output of about 2.03 million tonnes, a rise of 60,200 tonnes compared to last year‘s crop.

The MARD reported that the country‘s rice exports in the January – March period totalled 1.36 million tonnes worth 669 million USD, representing year-on-year rises of 9.4 percent in volume and 24 percent in value. China remained the top importer of Vietnamese rice, accounting for 24.4 percent of total exports Last year, Vietnam earned 2.6 billion USD from exporting 5.8 million tonnes of rice.VNA

‗NFA must continue selling cheap government rice‘ By Jasper Y. Arcalas April 19, 2018

In Photo: A man arranges what is left of the rice stockpile of the National Food Authority in Quezon City.

Agriculture Secretary Emmanuel F. Piñol is pushing for the retention of the marketing functions of the National Food Authority (NFA) even after the quantitative restriction (QR) on rice is scrapped to ensure stable prices.

“While there are diverse views on what the role of the NFA should be, I still maintain that the NFA could be an effective marketing and trading arm of our Filipino farmers and fishermen if managed properly and given guidance,” Piñol, who now chairs the NFA Council (NFAC), told the BusinessMirror on Thursday. Piñol added the marketing functions of the NFA would even be more vital in a post-QR regime, when imports are expected to flood the domestic market.

The Department of Agriculture (DA) chief echoed the sentiment of NFA Administrator Jason L.Y. Aquino, who wanted to retain the function of the food agency even after the rice QR is removed. In early April Aquino argued that the NFA’s food-security role should even be strengthened under a post-rice QR regime.

“Food security should never be left to the mercy of trade regimes. Rice is the most basic food of Filipinos. In an era of boundless influx of rice imports into the country, the government should be more vigilant about maintaining adequate levels of the staple and to make it constantly available and accessible to all at affordable prices,” he said in a statement.

“The NFA believes that there should always be a National Rice Reserve even under a time of surplus because rice production is never assured or certain at all times. This would also spare the country from exposure to price volatility brought about by global political and economic shifts,” he added.

Economic managers have been vocal in removing the commercial and marketing functions of the NFA once the country’s rice importation is tariffied, leaving it with its buffer-stocking role.

“The NFA should really just focus on ensuring adequate buffer and regulation [of the market]. They should no longer be involved in buying [and] trading,” Socioeconomic Planning Secretary Ernesto M. Pernia told the BusinessMirror in February.

In the meantime, the government has put on the back burner the restructuring of the NFA to focus on converting the QR into tariffs. National Economic and Development Authority Assistant Secretary Mercedita Sombilla said the government will restructure the NFA right after the law removing the QR on rice is passed by Congress.

An NFA official told the BusinessMirror that removing the commercial power of the grains agency while retaining its buffer-stocking role is “problematic” as its stockpile could rot due to the removal of possible disposal channels.

“Rice should be distributed every six months because it cannot stay for so long as its shelf life is only limited. So, if we only have a [buffer stocking] role, how can we sell or

dispose our stocks by the sixth month when we need to refresh our stockpile?” said the official, who requested anonymity.

“So the stocks could rot. That’s why there is a need for other schemes, such as selling, to dispose the stocks [especially if there is no calamity],” the official added. The DA chief said he also wants to expand the NFA’s functions to become the country’s trading agency for agricultural commodities.

“My personal view is that the NFA has been perceived as a rice agency, which isn’t the case. The World Trade Organization recognizes the NFA as the only state trading agency of the Philippines,” Piñol said.

“This means that the NFA could trade on behalf of Filipino farmers and fishermen, as farmers and fishermen are usually the ones organizing themselves and finding the right market for their products,” he added.

Piñol said the NFA could even earn more revenues by functioning as a state trading agency, similar to India’s Agricultural and Processed Food Products Export Development Authority (APEDA) and Hanoi’s Vietnam Southern Food Corp.

“Government help in consolidating the products of farmers and representing them in global trade is minimal. Why can’t the NFA perform that function?” he said.

“Maybe the NFA will earn more if it will act as a consolidator and trading agency of Filipino farmers and fishermen who only need assistance from the government,” Piñol added.

The agriculture chief said a technical working group would study the feasibility of his proposal and make recommendations to the NFAC. https://businessmirror.com.ph/nfa-must-continue-selling-cheap-government-rice/

Luzon rice traders supply Metro with cheap grains 06:00 AM April 20, 2018

Consumers in Metro Manila enjoy cheap rice courtesy of traders from Nueva Ecija, Bulacan and Isabela. —JAM STA. ROSA CABANATUAN CITY—Grains dealers are offering rice produced in Nueva Ecija, Bulacan and Isabela provinces at P39 a kilogram from April to May, to help manage the price jump created by the absence of supplies from the National Food Authority (NFA).

The NFA lost almost all its buffer stocks due to internal government debates about importing rice. Cheap NFA rice has kept the prices of commercial rice from drastically shooting up.

President Duterte recently approved rice importation before placing the NFA back under the supervision of the Department of Agriculture.

Rice millers in Nueva Ecija said they were prepared to supply Metro Manila markets until the rice imports arrived.

Newly harvested and milled rice had been delivered directly to wholesalers and retailers to keep the price steady at P39 a kilogram, according to Mel Coronel, president of the Nueva Ecija Rice Millers Association.

He said members of the association had contributed bags of rice which were deployed to assigned areas in Metro Manila.

They are expected to deliver 100,000 bags (each containing 50 kg) in April and another 100,000 bags in May, he said. ―We are selling our rice at a loss but … we are able to help our countrymen,‖ said Coronel, who met with Mr. Duterte and other rice dealers in Malacañang on April 5.

He said rice millers associations in Isabela and Bulacan had also promised to add 100,000 bags of rice each month.

The farm gate price of palay in Nueva Ecija is P20 a kg while dried palay sells for P24.50 a kg. —ANSELMO ROQUE

Read more: http://newsinfo.inquirer.net/983829/luzon-rice-traders-supply-metro-withcheap-grains#ixzz5DDpYph00 Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebookhttp://newsinfo.inquirer.net/983829/luzon-rice-traders-supply-metro-withcheap-grains

‗NFA must continue selling cheap government rice‘

By Jasper Y. Arcalas April 19, 2018

In Photo: A man arranges what is left of the rice stockpile of the National Food Authority in Quezon City.

Agriculture Secretary Emmanuel F. Piñol is pushing for the retention of the marketing functions of the National Food Authority (NFA) even after the quantitative restriction (QR) on rice is scrapped to ensure stable prices.

“While there are diverse views on what the role of the NFA should be, I still maintain that the NFA could be an effective marketing and trading arm of our Filipino farmers and fishermen if managed properly and given guidance,” Piñol, who now chairs the NFA

Council (NFAC), told the BusinessMirror on Thursday. Piñol added the marketing functions of the NFA would even be more vital in a post-QR regime, when imports are expected to flood the domestic market.

The Department of Agriculture (DA) chief echoed the sentiment of NFA Administrator Jason L.Y. Aquino, who wanted to retain the function of the food agency even after the rice QR is removed. In early April Aquino argued that the NFA’s food-security role should even be strengthened under a post-rice QR regime.

“Food security should never be left to the mercy of trade regimes. Rice is the most basic food of Filipinos. In an era of boundless influx of rice imports into the country, the government should be more vigilant about maintaining adequate levels of the staple and to make it constantly available and accessible to all at affordable prices,” he said in a statement.

“The NFA believes that there should always be a National Rice Reserve even under a time of surplus because rice production is never assured or certain at all times. This would also spare the country from exposure to price volatility brought about by global political and economic shifts,” he added.

Economic managers have been vocal in removing the commercial and marketing functions of the NFA once the country’s rice importation is tariffied, leaving it with its buffer-stocking role.

“The NFA should really just focus on ensuring adequate buffer and regulation [of the market]. They should no longer be involved in buying [and] trading,” Socioeconomic Planning Secretary Ernesto M. Pernia told the BusinessMirror in February.

In the meantime, the government has put on the back burner the restructuring of the NFA to focus on converting the QR into tariffs. National Economic and Development Authority Assistant Secretary Mercedita Sombilla said the government will restructure the NFA right after the law removing the QR on rice is passed by Congress.

An NFA official told the BusinessMirror that removing the commercial power of the grains agency while retaining its buffer-stocking role is “problematic” as its stockpile could rot due to the removal of possible disposal channels.

“Rice should be distributed every six months because it cannot stay for so long as its shelf life is only limited. So, if we only have a [buffer stocking] role, how can we sell or dispose our stocks by the sixth month when we need to refresh our stockpile?” said the official, who requested anonymity.

“So the stocks could rot. That’s why there is a need for other schemes, such as selling, to dispose the stocks [especially if there is no calamity],” the official added. The DA chief said he also wants to expand the NFA’s functions to become the country’s trading agency for agricultural commodities.

“My personal view is that the NFA has been perceived as a rice agency, which isn’t the case. The World Trade Organization recognizes the NFA as the only state trading agency of the Philippines,” Piñol said.

“This means that the NFA could trade on behalf of Filipino farmers and fishermen, as farmers and fishermen are usually the ones organizing themselves and finding the right market for their products,” he added.

Piñol said the NFA could even earn more revenues by functioning as a state trading agency, similar to India’s Agricultural and Processed Food Products Export Development Authority (APEDA) and Hanoi’s Vietnam Southern Food Corp.

“Government help in consolidating the products of farmers and representing them in global trade is minimal. Why can’t the NFA perform that function?” he said.

“Maybe the NFA will earn more if it will act as a consolidator and trading agency of Filipino farmers and fishermen who only need assistance from the government,” Piñol added.

The agriculture chief said a technical working group would study the feasibility of his proposal and make recommendations to the NFAC.

https://businessmirror.com.ph/nfa-must-continue-selling-cheap-government-rice/

Support for Farm Bill Splits Along Party Lines

By Jamison Cruce

WASHINGTON, DC -- The U.S. House of Representatives Committee on Agriculture convened yesterday to consider H.R. 2, The Agriculture and Nutrition Act of 2018. The mark-up process for the proposed version of the 2018 Farm Bill lasted nearly five hours, with the Committee approving 20 amendments. Of those amendments, 18 are simply meant to clarify the intent of the original bill language and were approved by a single vote, while the remaining two, that do not affect rice, were considered and adopted by the panel individually.

Discussion surrounding most titles of the draft Farm Bill were positive, and there was a consensus that the bill should be a safeguard for producers and consumers alike against adverse conditions. The most contentious issue debated, that ultimately led to the bill passing on a straight party line vote, were the proposed changes to the nutrition title.

As reported last week, several provisions advocated for by USA Rice were included in this version of the bill: maintenance and enhancement of a strong farm safety net for producers, expansion to the definition of family in determining actively engaged participants on the farm, and reduction of burdensome paperwork and increased access to conservation programs for producers.

The bill also provides continued funding for the Market Access Program (MAP) and a much needed fix that would maintain funding for the Foreign Market Development (FMD) Program. If the fix does not become law or the 2014 Farm Bill is extended, then the FMD program will have no funding beginning October 1, the beginning of the federal government's fiscal year.

"USA Rice appreciates the bill's positive provisions included for the rice industry, and thanks Chairman Conaway, Ranking Member Peterson, and all members of the Committee for their hard work navigating this first step in the legislative process of bringing the 2018 Farm Bill to fruition," said Joe Mencer, Arkansas rice farmer and chairman of the USA Rice Farmers. "USA Rice stands at the ready in support of those provisions we have advocated for since the beginning of this process nearly three years ago."

The current Farm Bill expires on September 30. A vote on H.R. 2 in the full House could occur in early May. The Senate Agriculture Committee is expected to unveil its draft of the 2018 Farm Bill in the coming weeks.

Asia Rice: India prices dip amid rupee decline, Thai rates soar on supply crunch Apeksha Nair 3 MIN READ

 

BENGALURU (Reuters) - Rice export prices in India dropped for a second week on sluggish demand and a weaker rupee, while Thai rates surged amid supply woes and fresh deals buoyed Vietnamese rates.

File Photo: A labourer carries a sack filled with rice to load onto a truck from the railway's goods yard in Ahmedabad, India February 1, 2018. REUTERS/Amit Dave

Rates for top exporter India‘s 5 percent broken parboiled variety fell by $2 to $417-$421 per tonne.

The falling rupee has allowed exporters to sign deals at lower prices without reducing net revenue, said an exporter based at Kakinada in the southern state of Andhra Pradesh.

The dollar rose to the highest in nearly seven months versus the rupee on Thursday, pushing up prices in dollar terms.

Also weighing on Indian exports was weak demand from Bangladesh, which had emerged as a major importer since 2017 after floods depleted stocks.

India had accounted for over two-thirds of Bangladesh‘s imports due to lower freight charges.

Bangladesh expects to harvest 19 million tonnes from its summer crop, nearly 6 percent more than a year ago, said Mohammad Mohsin, director general of Department of Agriculture Extension.

No new deals are being struck as harvesting has started, while the government‘s stock levels have improved significantly, a trader said.

In Thailand, 5 percent broken rice rates jumped to $445-454 per tonne free on board (FOB) Bangkok, the highest since June 2017, from $437-438 last week. ―This year off-season crops have been damaged by pests, so supply has decreased. In some areas, it reduced production by half of what was expected for April. Things should improve by the end of next month when new lot of off-season crops are harvested,‖ a Bangkok-based trader said.

Thai exporters were also stocking up amid speculation of new deals with Indonesia. ―If the deal with Indonesian government does materialise, it should be for 200,000–300,000 tonnes,‖ the trader said, adding that fresh deals with the Philippines could also happen in the coming weeks.

However, another trader said the market was slightly overheated. ―I think the prices are slightly inflated because it is based more on speculation than actual fresh deals.‖ Vietnam‘s 5 percent broken rice prices rose for a fourth straight week, edging up to $438-$440 a tonne from $435-$440 previously. ―Prices remain high as Vietnam has recently been clinching new deals with Indonesia and Philippines, while the winter-spring harvest has almost ended,‖ a Ho Chi Minh City-based trader said.

The National Food Authority of the Philippines earlier this week sent a request to Vietnam‘s Ministry of Industry and Trade to buy 250,000 tonnes,

including 200,000 tonnes of 25 percent broken rice and 50,000 tonnes of 15 percent broken rice, as per the request seen by Reuters.

The procurement is part of the Philippines‘s government-to-government purchasing plan for 2018.

Asia Rice: India prices dip amid rupee decline, Thai rates soar on supply crunch Apeksha Nair 3 MIN READ

 

BENGALURU (Reuters) - Rice export prices in India dropped for a second week on sluggish demand and a weaker rupee, while Thai rates surged amid supply woes and fresh deals buoyed Vietnamese rates.

File Photo: A labourer carries a sack filled with rice to load onto a truck from the railway's goods yard in Ahmedabad, India February 1, 2018. REUTERS/Amit Dave

Rates for top exporter India‘s 5 percent broken parboiled variety fell by $2 to $417-$421 per tonne.

The falling rupee has allowed exporters to sign deals at lower prices without reducing net revenue, said an exporter based at Kakinada in the southern state of Andhra Pradesh.

The dollar rose to the highest in nearly seven months versus the rupee on Thursday, pushing up prices in dollar terms.

Also weighing on Indian exports was weak demand from Bangladesh, which had emerged as a major importer since 2017 after floods depleted stocks.

India had accounted for over two-thirds of Bangladesh‘s imports due to lower freight charges.

Bangladesh expects to harvest 19 million tonnes from its summer crop, nearly 6 percent more than a year ago, said Mohammad Mohsin, director general of Department of Agriculture Extension.

No new deals are being struck as harvesting has started, while the government‘s stock levels have improved significantly, a trader said.

In Thailand, 5 percent broken rice rates jumped to $445-454 per tonne free on board (FOB) Bangkok, the highest since June 2017, from $437-438 last week. ―This year off-season crops have been damaged by pests, so supply has decreased. In some areas, it reduced production by half of what was expected for April. Things should improve by the end of next month when new lot of off-season crops are harvested,‖ a Bangkok-based trader said.

Thai exporters were also stocking up amid speculation of new deals with Indonesia. ―If the deal with Indonesian government does materialise, it should be for 200,000–300,000 tonnes,‖ the trader said, adding that fresh deals with the Philippines could also happen in the coming weeks.

However, another trader said the market was slightly overheated. ―I think the prices are slightly inflated because it is based more on speculation than actual fresh deals.‖ Vietnam‘s 5 percent broken rice prices rose for a fourth straight week, edging up to $438-$440 a tonne from $435-$440 previously. ―Prices remain high as Vietnam has recently been clinching new deals with Indonesia and Philippines, while the winter-spring harvest has almost ended,‖ a Ho Chi Minh City-based trader said.

The National Food Authority of the Philippines earlier this week sent a request to Vietnam‘s Ministry of Industry and Trade to buy 250,000 tonnes,

including 200,000 tonnes of 25 percent broken rice and 50,000 tonnes of 15 percent broken rice, as per the request seen by Reuters.

The procurement is part of the Philippines‘s government-to-government purchasing plan for 2018. https://in.reuters.com/article/india-markets/india-bond-yields-spike-after-rbi-panel-meeting-minutesflag-inflation-risks-idINKBN1HR0C6

No concrete plans yet to execute what Duterte wants for rice sector

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Published April 19, 2018, 10:00 PM

By Madelaine B. Miraflor When it comes to rice situation, President Rodrigo Duterte wants to have things done quickly. But officials from the government agencies tasked to handle the situation admit it will take time to fix the problems surrounding the country‘s rice distribution system.

For instance, Agriculture Secretary Emmanuel F. Piñol said it will take more than a year before the National Food Authority (NFA) can actually maintain a 60-days buffer stock or ―fill its warehouses to the roof‖ — as what Duterte would have wanted — to ensure that the state-run grains agency would no longer face the same problem as it did recently.

It was early this week when Duterte decided to return the jurisdiction over NFA, Philippine Coconut Authority (PCA), and the Fertilizer and Pesticides Authority (FPA) back to Department of Agriculture (DA).

It all began when NFA recently saw its stocks fully depleted after failing to procure rice from Filipino farmers as well as conduct importation — which was purposely denied by NFA Council, led by Cabinet Secretary Leoncio Evasco.

Evasco then continuously argued that the country doesn‘t need to import, citing abundance in supply.

The DA, for several times, also dismissed that the country is experiencing some sort of rice shortage, citing that production last year even grew by 9.36 percent to 19.3 million metric tons (MT), the highest rice production and annual growth since 1999.

Eventually, as NFA failed to intensify its local procurement and was largely banking on importation, the public was left at the mercy of expensive commercial rice with completely no cheaper government rice in the market.

Duterte was then forced to enter the picture and ordered to immediately conduct the importation of 250,000 MT of rice.

But he also had other things in mind. At first, he said he wanted to abolish the NFA Council, the highest policy-making body of NFA. Then he proposed the transfer of NFA back to DA, which he already made final on Monday as he presided over the the meeting of NFA Council for the first time.

He also ordered Evasco to be removed from the NFA Council as well as called for the reconstitution of the inter-agency body.

Amid all this brouhaha, Duterte also ordered NFA to maintain buffer stocks good for 60 days. ―We may not be able to achieve buffer stock right away, but we are hopeful that by first quarter of 2020, we should already be at that level,‖ Piñol said during a press conference at the Bureau of Plant Industry Office in San Andres, Manila on Thursday

https://business.mb.com.ph/2018/04/19/no-concrete-plans-yet-to-execute-what-duterte-wants-forrice-sector/

Indonesia Trade Minister Ensures Stable Price of Rice by Ramadan Thursday, 19 April 2018 | 10:30 WIB

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Indonesia Trade Minister Enggartiasto Lukita (nawacita) ďż˝ Listen to this SURABAYA, NNC - Indonesia Minister of Trade Enggartiasto Lukita ensures that the price of medium quality rice in Indonesia is stable, especially until the upcoming Ramadan month.

"We have had a teleconference with all Head of Division of Logistics Agency or Bulog, as well as Head of Trade Service from various provinces, to ensure stable rice price in Ramadan," he told reporters after leading teleconference at Bulog office branch in East Java, Surabaya, on Thursday (04/18).

Enggartiasto explained that the highest retail price (HET) of medium quality rice is IDR9,450 per kilogram (kg). In the teleconference, the Minister received reports in several regions that the price of medium rice was still above the highest retail price, such as in Jakarta, and East Java, among others.

"However, the average price of medium quality rice in various regions is in line with the highest retail price. In Aceh, South Sulawesi, and Jambi, the price is below the highest retail price," he said.

Meanwhile, the price of medium quality rice in some areas to this day (19/4) is still above the HET. The Minister of Trade encourages medium quality rice prices to be in line with the highest retail price starting tomorrow (04/20).

"I am sure that starting tomorrow the prices of medium rice in all regions of Indonesia are all in line with the HET," he said.

In addition, Minister Enggartiasto has ensured adequate rice supply up to the holy month of Ramadan. "The stock of rice for the whole of Indonesia is safe for an average of four to five months," he said.

The Minister of Trade ensures there will be no hoarding of rice by certain individuals and businesses during the holy month of Ramadan.

"If there is a cartel that tries to affect rice prices in any way, we already have a Food Task Force Team that will immediately take action," he said. http://www.en.netralnews.com/news/business/read/20403/indonesia.trade.minister.ensures.stable.pri ce.of.rice.by.ramadan

Central provinces target 2.5 million tonnes of rice in upcoming crops VNA THURSDAY, APRIL 19, 2018 - 17:53:00 PRINT

Illustrative image (Source: VNA)

Dak Lak (VNA) – The Ministry of Agriculture and Rural Development (MARD) has asked South Central and Central Highlands provinces to strive to produce at least 2.5 million tonnes of rice in this year‘s upcoming crops.

The MARD made the call during a conference held in Buon Ma Thuot city of the Central Highlands province of Dak Lak to review rice production in the 2017-2018 winter-spring crop in the regions and launch this year‘s production plan.

Accordingly, the provinces plan to grow more than 448,600 ha of rice in this year‘s upcoming crops, with half of them being planted in the summer-autumn crop.

The ministry also instructed the provinces to arrange suitable time for rice growing and apply cultivation techniques to avoid drought and lessen its impacts to rice production.

In the 2017-2018 winter-spring crop, the South Central and Central Highlands provinces planted more than 320,470 ha of rice, yielding an estimated output of about 2.03 million tonnes, a rise of 60,200 tonnes compared to last year‘s crop.

The MARD reported that the country‘s rice exports in the January – March period totalled 1.36 million tonnes worth 669 million USD, representing year-on-year rises of 9.4 percent in volume and 24 percent in value. China remained the top importer of Vietnamese rice, accounting for 24.4 percent of total exports Last year, Vietnam earned 2.6 billion USD from exporting 5.8 million tonnes of rice.VNA https://en.vietnamplus.vn/central-provinces-target-25-million-tonnes-of-rice-in-upcomingcrops/129816.vnphttps://en.vietnamplus.vn/central-provinces-target-25-million-tonnes-of-rice-inupcoming-crops/129816.vnp

Govt procures 350.38 lakh t rice so far in 2017-18 season PTIT+ T-

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Govt’s rice procurement rises marginally to 69.89 LT so far

NEW DELHI, JAN 1 The government has procured 350.28 lakh tonnes of rice in the current marketing season so far. Rice procurement target for the current season (October-September) has been fixed at 375 lakh tonnes. In the previous year, total rice procurement stood at 381.06 lakh tonnes.

Procurement is undertaken by state-run Food Corporation of India (FCI) and state agencies for the central pool to meet the requirement of food security law. Rice is purchased at the minimum support price (MSP).

According to FCI‘s latest data, rice procurement in Punjab has reached 176.61 lakh tonnes. The state has already surpassed its target of 115 lakh tonnes. In Haryana, rice procurement has reached 59.20 lakh tonnes, exceeding the target of 30 lakh tonnes given for the entire season.

Rice purchase in Chhattisgarh has reached 33.32 lakh tonnes so far, while the target is 48 lakh tonnes for the season. In Uttar Pradesh, 25.96 lakh tonnes of rice has been procured in October-December period of the current season against the total target of 37 lakh tonnes.

In Andhra Pradesh, 13.92 lakh tonnes has been procured, and in Odisha 9.91 lakh tonnes.

Procurement in West Bengal and other rice growing states is still underway.

For the 2017-18 season, the government has fixed paddy MSP of ‗common‘ grade variety at Rs 1,550 per quintal, while that of ‗A‘ grade variety at Rs 1,590 per quintal. In the kharif season of 2017-18 crop year (July-June), rice production is estimated to be 944.8 lakh tonnes against 963.9 lakh tonnes in the previous year. https://www.thehindubusinessline.com/economy/agri-business/govt-procures-35038-lakh-t-rice-so-farin-201718-season/article10007343.ece      

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Iran’s Parliament Speaker Ali Larijani (C) attends the Vietnam-Iran Business Forum on April 16. (Photo: VNA)

1. Economy 2. Domestic Economy Thursday, April 19, 2018

Iran, Vietnam Eye Business Boost

I

ranian and Vietnamese firms discussed trade opportunities at the Vietnam-

Iran Business Forum held on Monday.

The forum was organized to mark the visit to Vietnam of Iran’s Parliament Speaker Ali Larijani, Vietnam News reported on Tuesday.

Speaking at the forum, Doan Duy Khuong, vice chairman of the Vietnam Chamber of Commerce and Industry, said he expects further promotion of economic, trade and investment cooperation to achieve the bilateral trade target of $2 billion.

Khuong said two-way trade reached $164.6 million in 2017, a 41% increase compared to 2016, but not on a par with bilateral trade potential.

Larijani said the Iranian market was currently in need of commodities such as seeds, vegetable oil, rice and paper raw materials.

The Iranian Parliament speaker added that Vietnam could export competitively priced and good quality commodities such as rice, tea, coffee, cashew nuts, pepper, rubber, motorcycle parts and vehicles, while importing petroleum, asphalt, chemical products and plastic components from Iran.

“Priority should be given to fields such as oil, gas and petrochemical products, especially liquefied gas, telecommunications or fisheries. In addition to trade and investment, tourism is also a potential area for bilateral cooperation,” he said.

At the forum, the visiting delegates said Iran’s current foreign investment policies were extremely accommodating, with six economic zones guaranteeing 15 years of corporate tax exemption for investors, along with many other incentives.

Larijani also called for undertaking direct trade, as many of Vietnam’s manufactured goods are imported to Iran via an intermediary country.

“We want to learn about Vietnam’s agricultural development experience,” he said.

Vietnam’s Prime Minister Nguyen Xuan Phuc said on Monday the country is ready to share its experiences of agricultural development with Iran, adding that he expects Iran to soon take up the memorandum of understanding on rice trade with Vietnam, which will provide support and help Vietnamese enterprises conduct trade with Iranian partners.

Vietnam also looks forward to Iran’s cooperation in shipbuilding, wharf construction and other auxiliary industries.

Earlier, Nguyen Thi Kim Ngan, National Assembly chairwoman, said Vietnam hopes to promote telecommunications as a breakthrough sector for bilateral cooperation.

Vietnam’s Viettel Military Industry and Telecoms Group and PetroVietnam Group have shown great interest in investing in the Iranian telecommunications market.

Larijani suggested other measures to boost bilateral trade, including the establishment of direct flights and the simplification of visa procedures to

promote tourism. He also hoped that by settling issues regarding payment methods or visa issuance, two-way trade turnover will improve significantly.

The business forum was co-organized by VCCI and the Vietnam-Iran Business Council, in cooperation with the Iranian Embassy in Hanoi. https://financialtribune.com/articles/economy-domestic-economy/84900/iran-vietnam-eye-businessboost

Gumball machines filled with rice to be installed at Marysville lake Rice is meant to be a healthy alternative to bread 503Shares 

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Updated: 11:45 PM PDT Apr 18, 2018

Tom Miller Reporter SHOW TRANSCRIPT MARYSVILLE, Calif. (KCRA) — The shoreline at Marysville’s Ellis Lake will soon look different after city leaders announced plans to place gumball machines filled with rice around the perimeter.

The reason: Waterfowl that live there are being fed too much bread by visitors and the rice will provide a healthier alternative.

The rice is being donated by a local company and will be free for visitors to access.

Tom Miller ✔@KCRAMiller

Gumball machines filled with rice will go up around Ellis Lake in Marysville. It's meant to be a healthier alternative to feeding bread to the birds there.

10:19 AM - Apr 19, 2018 

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The four feeders will be located at some of the lake’s most popular feeding areas. The machines will be accompanied by signs alerting people about the health impacts of bread.

“It contributes to the blue green algae in the lake," Marysville Vice Mayor Chris Pedigo said. "It’s not healthy for the birds. It promotes the growth of angel wing, which is where they become deformed."

Gumball Machine Warehouse Human feeding of waterfowl is also a major problem in New York. There, state officials created a public resource to inform people about the potential impacts to the birds, which include:   

Poor nutrition Water pollution Delayed migration

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Overcrowding Spread of disease

The money for the feeders at Lake Ellis is coming from private sources, not city money. The machines are expected to be installed sometime in June.

Follow this story Follow this story to get instant e-mail alerts from KCRA on the latest developments and related topics.

Gumball machines filled with rice to be installed at Marysville lake

Watch: How teen became trapped in folding seat of van, died http://www.kcra.com/article/gumball-machines-filled-with-rice-to-be-installed-at-marysvillelake/19857435

Rice Prices as on : 20-04-2018 11:11:02 AM Arrivals in tonnes;prices in Rs/quintal in domestic market.

Arrivals Current

Rice

Price % change

Season cumulative

Modal

Prev.

Modal

Prev.Yr %change

Deogarh(Ori)

9.00

NC

231.00

2500

2500

NC

Rayagada(Muniguda)(Ori)

8.50

-

8.50

3000

-

-

Tusura(Ori)

8.00

33.33

14.00

2800

2800

16.67

Mirzapur(UP)

7.00

40

365.00

2175

2175

-

Bolangir(Ori)

6.00

-14.29

105.50

2800

2800

16.67

Khairagarh(UP)

1.10

-26.67

62.50

2530

2560

0.40

Jagnair(UP)

1.00

25

50.70

2520

2540

-0.79

https://www.thehindubusinessline.com/economy/agri-business/rice-prices/article23612068.ece