11th december,2013 daily internaitonal rice e newsletter shared by riceplus magazine

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Daily Global Rice e-Newsletter shared by Riceplus Magazine

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  • 1. 11th December , 2013 Chinese COLOR SORTER as low as Pak Rs 22 Lakh Only A Time Limited Offer Contact: Cell: 0300 414 3493 Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 2. Share developments in rice and allied sectors, Promote the Concept of Knowledge Economy Be the part of Rice plus authors Dear Sir/Madam, YOUR IDEA has a great worth---JUST share it through RICE PLUS 1000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors. For more information visit www.ricepluss.com,www.publishpk.net Contact mujahid.riceplus@gmail.com riceplus@irp.edu.pk Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 3. TOP Contents - Tailored for YOU Unpaid Thai rice farmers may protest, adding to PM's woes BY APORNRATH PHOONPHONGPHIPHAT BANGKOK Wed Dec 11, 2013 1:15am EST Farmers harvest rice in a field at Ayutthaya province, north of Bangkok June 27, 2013. CREDIT: REUTERS/CHAIWAT SUBPRASOM (Reuters) - Thai farmers who have not been paid by the state for rice bought under an intervention scheme are threatening to block roads in 26 provinces, adding to the problems of Prime Minister Yingluck Shinawatra, who called a snap election this week.Yingluck dissolved parliament on Monday and called an early election after facing protests for weeks in the capital.The farmers have been natural supporters of Yingluck and her brother Thaksin Shinawatra, a former premier whose policies helped the poor before he was ousted in a coup in 2006.Yingluck won a landslide victory in 2011 with support from the countryside after promising to buy rice from farmers at 15,000 Thai baht ($470) per ton, well above the market.The rice-buying scheme priced Thai grades out of export markets and left it with largestocks of the grain. When the government was unable to sell enough rice overseas, the state bank running the scheme ran out of funds to pay farmers. "Farmers are very angry and they are gathering. They said they will block roads in those provinces, asking for their money, which they have been waiting for nearly two months," said Prasit Boonchoey, head of the Thai Farmers Association.The provinces likely to be affected are in the rice-growing regions in the center and northeast of the country.The Bank of Agriculture and Agricultural Cooperatives (BAAC) turned to the bond market in November to get funds to pay farmers, but managed to raise only 37 billion baht on a 75 billion baht Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 4. offering.BAAC said it would try to sell more bonds in January.Somchart Soithong, director-general of the Commerce Ministry's Department of Internal Trade, which oversees the rice-buying programme, said farmers should be paid gradually with money from the November bond.However, the farmers are running out of patience. "We won't stop. We are gathering and we will stage protests by this week as we haven't got our money," said Wichian Phuanglamchiak, a farmers' leader in Ayutthaya province to the north of Bangkok. ($1 = 32.1350 Thai baht) (Editing by Alan Raybould and Tom Hogue) Niwatthumrong hails success in rice stockpile release The Nation December 11, 2013 8:04 pm Caretaker Commerce Minister Niwatthumrong Boonsongpaisan Wednesday hailed his success in releasing 3 million tonnes from the government's rice stockpiles.He is confident that by the end of this year, the ministry, which is in charge of the stockpile release, would be able to repatriate Bt180 billion to the Finance Ministry. The outgoing minister reiterated that all rice deals were transparent and any government agency can ask for the information from government officials. To the new minister, he said the urgent issues now are the cost of living and stabilisation of agricultural products. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 5. Unpaid rice farmers threaten action Published: 11 Dec 2013 at 08.21 Online news: Local News Rice farmers are threatening to block roads in 26 provinces if the government fails to pay money they are owed from the 2013/2014 main crop.Prasit Boonchoey, Thai Rice Farmers Association president, said most rice farmers have not been paid since October.He said the farmers need the money to invest in planting new crops.Mr Prasit said the Commerce Ministry needs to do more than merely complain the government is short of funds. He said the ministry's response goes against cabinet ministers' assurances that the government can afford the scheme.He said the farmers may have to block roads to pressure the government into taking action. Foodgrains output may touch new record in 2013-14 By PTI | 11 Dec, 2013, 08.19PM IST India's foodgrains production this year is likely to break the previous record of 259.29 million tonnes achieved in 2011-12 if weather remains favourable through the ongoing rabi season.ET SPECIAL:Save precious time tracking your investments.NEW DELHI: India's foodgrains production this year is likely to break the previous record of 259.29 million tonnes achieved in 2011-12 if weather remains favourable through the ongoing rabi season, Agriculture Minister Sharad Pawar said today. The country had harvested a record 259.29 million tonnes of foodgrains in the 2011-12 crop year (JulyJune). However, the output fell marginally to 255.36 million tonnes last year due to drought in some parts of the country. "This year, infact, we will break the last time's record. I am confident if nature continues to be cooperative, we will break last time's record," Pawar told reporters on the sidelines of a fertiliser event here.Pawar said the recent review of sowing of rabi (winter) crops, which is under way, shows that wheat acreage so far is much higher than it was last year.Similarly, the sowing performance of rabi paddy, pulses, oilseeds and cotton is also good. The acreage of sugarcane is also more than last year, he added. As per the official data, wheat has been sown in 214.07 lakh hectare till last week, up from Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 6. 183.42 lakh hectares in the same period last year. Barring coarse cereals, acreage under other rabi crops remained higher than the last year. The country grows foodgrains both in the Kharif (summer) and rabi (winter) seasons. The Kharif crops, which largely includes paddy, are being harvested now. As kharif crops are cleared off the fields, farmers are sowing rabi crops, which has began from October onwards. Rabi crops will be ready for harvest in April 2014.India's Food Security Act entitles 82 crore people to 5 kg of foodgrains per person a month at Rs 1-3 per kg. The country needs 62 million tonnes foodgrains a year to implement the law. Some states have started rolling out the scheme. TABLE-India Grain Prices-Delhi-Dec 11 Wed Dec 11, 2013 3:05pm IST TABLE-India Grain Prices - Delhi - Dec 11 Rates by Asian News International, New Delhi Tel: 011 2619 1464 Indicative Previous Grains opening close (in rupees per 100 kg unless stated) ---------------------------------------------------------Wheat Desi 1,900-2,800 1,900-2,800. Wheat Dara 1,740-1,940 1,750-1,950. Atta Chakki (per 10 Kg) 215-240 215-240. Roller Mill (per bag) 1,830-1,930 1,925-2,025. Maida (per bag) 1,925-2,025 1,950-2,050. Sooji (per bag) 1,825-1,925 1,825-1,925. Rice Basmati(Sri Lal Mahal) 12,000 12,000. Rice Basmati(Lal Quila) 11,500 11,500. Rice Basmati(Common) 7,500-7,950 7,500-7,950. Rice Permal 2,500-2,600 2,500-2,600. Rice Sela 3,200-3,400 3,200-3,400. I.R.-8 2,300-2,400 2,350-2,450. Gram 3,150-3,450 3,150-3,450. Peas Green 3,340-3,540 3,340-3,540. Peas White 2,600-2,700 2,600-2,700. Bajra 1,350-1,600 1,300-1,550. Jowar white 1,850-2,100 1,850-2,100. Maize 1,500-1,850 1,500-1,800. Barley 1,400-1,450 1,400-1,450. Guwar 3,300-3,900 3,300-3,900. Source: Delhi grain market traders. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 7. $2 billion rice export at stake MUBARAK ZEB KHAN Updated 2013-12-11 11:57:42 ISLAMABAD: Pakistan’s failure to block Indian proposal of subsidised production of crops has rankled the farming community in Pakistan.The country’s rice producers, struggling to fetch a fair price, were particularly upset as WTO deal in Bali has put export of $2 billion worth of rice at stake.Choudhry Hamid Malhi, President, Basmati Growers Association, was critical of the government attitude which he claimed did not do enough to defend the commercial interests of the farming community of the country.Mr Malhi attended the Bali meeting and monitored developments closely in the ministerial meeting.“The current government, led by industrialist leader failed to demonstrate sensitivity to the problems being faced by growers. The representation of the country was weak as Pakistan’s delegation was led by country’s permanent representative at WTO in place of the commerce minister,” he said. “It paved way for India to push through and get approval to their subsidy package at the ministerial. All negotiations were left to the US delegation, which was focused on trade facilitation with little concern for Pakistani farmers interests who would lose owing to subsidised Indian production of staple crops, like rice, wheat, cereals etc,” Mr Malhi said.He complained that Pakistan’s ambassador to WTO Geneva Shahid Bashir, was preoccupied with his chairmanship of the General Council of the WTO rather than looking after Pakistan’s interests as its ambassador. “There was a complete disconnect between delegates from Islamabad and members of Pakistan delegation who came from Geneva,” Malhi said, pointing out that Geneva office of Permanent Trade representative did not inform the rice stakeholders when the G-33 proposal was evolved at initial stages.Pakistan’s delegation did not even try to insert Pakistani farmers concerns in the final agreement.Contrary to this, Cuban delegation very successfully included their concerns at the final draft of the agreement on trade facilitation, Mr Malhi said.“About 17 rooms were booked for dignitaries from Pakistan who never arrived. I heard that the government paid for rooms in advance,” Mr Malhi said.He said he was writing a protest letter to the prime minister Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 8. Rice imports rise by 8.9% in Cameroon Wednesday, 11 December 2013 08:56 (Business in Cameroon) - According to the latest figures released by Cameroon Customs, rice imports reached 552,000 tonnes in 2012 compared to 507,000 the previous year making it an increase of 8.9%. According to our sources, these imports cost 156 billion FCfa as opposed to 135 billion FCfa in 2011 which is a 17% increase in imports. In addition, in 2012, rice represented a little more than 6% of total oil imports outside of Cameroon.Rice is among the most consumed staples in Cameroon with an average consumption of around 11,180 FCfa per capita and per annum in urban areas. This is the household survey (Ecam 3) finding by the National Institute of Statistics (INS in French).But with an annual national production below 100,000 tonnes of rice paddies (generally sold in Nigeria), Cameroon essentially covers its rice demands through imports as the national demand is officially estimated to be 300,000 tonnes. Since the February 2008 hunger protests, the Cameroonian government exempted rice from customs duties to maintain a relatively low price on the market. This can explain the growth in imports seen over the last few years.The surplus imports is generally re-exported to neighbouring countries such as Gabon and Equatorial Guinea where prices are also more attractive. Rice plantings could be on the rise in 2014 Dec. 10, 2013Forrest Laws | Delta Farm Press Arkansas growers could plant nearly 1.5 million acres of rice in 2014 if more normal weather conditions return and corn and soybean prices and production costs continue to soften over the next three or four months. U.S. rice acreage could rise by about 400,000 acres to 2.8 million. BLAKE GERARD, left, rice producer from Cape Girardeau, Mo., and vice chairman of the U.S. Rice Producers Group, producer Chuck Earnest of Steele, Mo., and Bill Anderson, “Cousin Carl” on Radio Station 106.1 in Cape Girardeau, welcomed producers to the USA Rice Outlook Conference in St. Louis. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 9. Arkansas growers could plant nearly 1.5 million acres of rice in 2014 if more normal weather conditions return and corn and soybean prices and production costs continue to soften over the next three or four months.If that forecast pans out, U.S. rice acreage could rise by about 400,000 acres to 2.8 million in the coming year because of the dominant position Arkansas occupies in the Southern Rice Belt and in total U.S. rice plantings, according to speakers at the USA Rice Outlook Conference in St. Louis.“Corn prices are currently basing, and the basing process is likely to continue beyond most planting decisions,” said Robert Coats, Extension economist and professor — economics with the University of Arkansas. Coats, who gave the state outlook report for Arkansas, was referring to a chart showing monthly corn futures prices dating back to 1970.Coats said old crop corn prices are likely to remain volatile with the potential of moving back to $6 per bushel. “It’s more likely that prices will go lower before moving higher and that the new crop year marketing range will be between $3.50 and $6.00 per bushel.”Soybean prices are also likely to move lower before moving higher in the coming months, with new crop soybeans possibly trading in a range between $10 and $16 per hundredweight.Higher corn and soybean prices over the last five seasons have led to dramatic shifts in MidSouth crop acreage out of cotton and rice to corn and, to a lesser extent, soybeans. At this time last year, corn was selling for more than $7 per bushel due to the 1012 drought in the Midwest.Arkansas growers finished with a harvested rice acreage of 1.07 million in 2013. Not all of that was due to high corn prices. An unusually wet spring resulted in more than 300,000 acres either failed or prevented from being planted. Under more normal conditions, Arkansas could have planted 1.358 million acres of rice, Coats said.Given the demand outlook for higher quality rice, lower corn futures and lower fertilizer and fuel costs, Arkansas growers could plant 1.319 million acres of long grain rice and 133,000 acres of medium grain in 2014. That would be up 412,000 acres or 36 percent above 2013.“The U.S. rice industry cannot be competitive in the global low quality rice market,” says Coats, “but can compete in the high quality market through rice identity preservation. Producing rice with world class physical and chemical grain properties and priced accordingly — this is needed to turn the U.S. rice industry to a growth industry.”Despite the unusual weather conditions that delayed and prevented planting, Arkansas farmers produced record rice yields in 2013 with an estimated state average of 7,550 pounds per acre. That would be 80 pounds per acre or about 1 percent more than in 2012 and 780 pounds or 10 percent more than in 2011. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 10. Louisiana Louisiana growers also produced record yields in 2013, harvesting an estimated statewide yield average of 7,200 pounds per acre. That would be up from the previous high of 6,600 pounds.“We think we have set a real, significant record in Louisiana this year,” said Johnny Saichuk, Extension rice specialist with the LSU AgCenter. “From the conversations we’ve had with our farmers we think we may be around 7,200, second crop included, well above anything before.”Louisiana’s second crop acreage also expanded,” he said. “We had over 130,000 acres of second crop rice, which is one of our highest totals in a number of years. Someone asked me if we were through harvesting for the year, and I don’t know. I do know we cut our last verification field on Nov. 30, the latest we’ve ever done.” Saichuk said he believes Louisiana’s rice acreage will be about the same in 2014 as it was in 2013 with the possible exception of an increase in hybrid rice, which appears to be gaining ground in Louisiana because of its higher yield potential.Another development he reported at the Rice Outlook Conference was the growth in special purpose rice in 2013. Louisiana growers harvested 30,000 acres, most of it the Jazzman 2 line of aromatic rice. Growers also planted the Jazzman, Sabine and Hidalgo varieties. Mississippi Mississippi’s rice acreage could recover to about 200,000 in 2014 because of a projected decline in fertilizer and fuel prices and rice prices becoming more competitive with those offered for corn and soybeans.“We’re seeing a much more favorable price outlook for rice compared to corn and soybeans than what we’ve seen in the last several years,” said Larry Falconer, Extension agricultural economist with Mississippi State University.“Of course, prices are only part of the equation. When you look at cost of production estimates, our fertilizer estimates are down about $30 an acre and $7 or $8 for diesel fuel for pumping costs. With rice yields 6 percent to 7 percent higher this year, it looks like rice could be much more competitive than with the cost projections we were using last year. “Based on decreases in fertilizer and fuel costs and the futures prices we have now and talking to Dr. (Tim) Walker, Extension rice specialist with Mississippi State, and to producers, we think it’s possible rice acres could recover back to the 200,000 mark that we saw prior to the last two or three years (from 2013’s 130,000 acres).” Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 11. Missouri Missouri’s rice acres are “expected to be level to slightly higher” in 2014, according to Trent Haggard, director of the University of Missouri’s Fisher Delta Research Center in Portageville, Mo.Missouri farmers also struggled with weather delays during planting and harvesting, finally finishing with an estimated 150,000 harvested acres of rice for 2013. “On Oct. 5, we were only 50 percent harvested,” said Haggard. “That is unusually late for our growers.”Over the years, the trend-line for yield increases in the Missouri Bootheel has been 62 pounds per acre. Farmers will probably average 6,950 pounds per acre in 2013 or only a little above 2012. “We probably will fall short of that 62-pound per acre trend line in 2013 because of all the weather problems we encountered in 2013.” Texas Growers in Texas did not experience the planting delays those in the Mid-South did, but they were impacted by weather. And the situation shows little sign of improving.A few days before the Rice Outlook Conference, the Lower Colorado River Authority, the agency which oversees the delivery of water from reservoirs around Austin, Texas, to the Texas Rice Belt announced new regulations.Texas producers planted about 130,000 acres of rice in 2012 and 2013, down 170,000 acres from their peak, because of the reduced water allocations for rice. The new regulation, which lowers the trigger for release of water to the rice area to 850,000 acre feet, could mean even less water.“The outlook for rice in Texas is rather dim for 2014,” said Mo Way, Extension entomologist with the Texas A&M University Rice Research Station in Beaumont, Texas. California Water availability could also be an issue in California, according to Chris Greer, Extension advisor with the University of California. 2013’s harvested acreage was almost the same as 2012, 556,000 acres. 2014 could be from 450,000 to 550,000 depending on water availability.“It’s obvious water is important to all of us, whether in California or Texas or Mississippi,” he said. “Basically, the state of California is not in a great shape for water. Looking to 2014, we’re going to have to cross our fingers and hope we get something.“I realize 450,000 to 550,000 acres is a broad range, but we don’t know how much snow we may get so we don’t know what we’re Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 12. going to be looking at as far as water allocations. We could have water sales. If rice prices are low, farmers may decide it’s more attractive to sell their water than to plant rice.” Coming soon: A rice good for diabetics Category: Health & Fitness 10 Dec 2013 Written by Henrylito D. Tacio / Story and photos ALMOST always, diabetics are advised to eat less rice.The reason: the starch-rich staples can potentially release high amounts of sugar into the blood when digested.A 2007 study of Chinese women in Shanghai found that middle-aged women who ate large amounts of rice and other refined carbohydrates were at increased risk for diabetes compared to their peers who ate less.In the United States Americans who eat white rice on a regular basis—five or more times a week—are almost 20 percent more likely to develop diabetes than those who eat it less than once a month.But diabetics may now worry less. Researchers at the Laguna-based International Rice Research Institute (IRRI) have already identified the key gene that determines the glycemic index (GI) of rice.The findings of the research, which analyzed 235 types of rice from around the world, is good news because it not only means rice can be part of a healthy diet for the average consumer. It also means people with diabetes, or at risk of diabetes, can select the right rice to help maintain a healthy, low-GI diet.“It is an important achievement that offers rice breeders the opportunity to develop varieties with different GI levels to meet consumer needs,” IRRI said in a statement. “Future development of low-GI rice would also enable food manufacturers to develop new, low-GI food products based on rice.”GI is a measure of the rate at which carbohydrates as glucose enter the blood stream. “The GI also indicates the rate at which carbohydrates break down during digestion in the small intestine into the simple sugars glucose, fructose and, sometimes, galactose,” explains Dr. Virgilio M. Ofiana in his weekly column for a national daily.“The glucose is the sugar that is rapidly absorbed and has a reference GI of 100 or greater,” Ofiana writes. “Both fructose and galactose enter the circulation at a slower rate and need to go to the liver for conversion into glucose: both, therefore, have lower GIs.”Dr. Melissa Fitzgerald, who led the research team at the IRRI, found the GI of rice varies a lot from one type of rice to another, ranging from a low of 48 to a high of 92, with an average of 64. “Low-GI foods are those measured 55 and less, medium-GI foods are those measured between 56 and 69, while high-GI foods measure 70 and above,” IRRI explained. The rice with low GI is, indeed, good news for Filipinos, who are rice-eating people. As the late food epicure Doreen Fernandez wrote: “If we did not have rice, our deepest comfort food, we would probably feel less Filipino.”The Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 13. Philippines is home to 4 million diabetics, with more than 3 million not knowing they have the disease. “Many people still do not know that they have diabetes,” said Dr. Tommy Ty Wiling, president of Diabetes Philippines. The Department of Health listed diabetes as the ninth leading cause of death among Filipinos today. In twenty years the Philippines is expected to be among the top 10 countries in the world with the highest numbers of people with diabetes. Some 500 Filipinos are being diagnosed with the condition every day.“Understanding that different types of rice have different GI values allows rice consumers to make informed choices about the sort of rice they want to eat,” Fitzgerald said. “Rice varieties such as India’s most widely grown rice variety, Swarna, have a low GI and varieties such as Doongara from Australia and Basmati have a medium GI.”Low-GI diets offer a range of health benefits, said Dr. Tony Bird, a researcher of Australia’s Commonwealth Scientific and Industrial Research Organisation Food Futures Flagship. “Low-GI diets can reduce the likelihood of developing type 2 diabetes, and are also useful for helping diabetics better manage their condition,” he pointed out.There are two types of diabetes. Type 1 diabetes—sometimes called insulin-dependent diabetes mellitus or juvenile-onset diabetes—results from a shortage of insulin. The onset is usually rapid, but one-third of those who have this type have a remission within three months.Type 2 diabetes—also known as non-insulin dependent diabetes mellitus or adult-onset diabetes—results from the body’s inability to process the hormone effectively. About 90 percent of all diabetics have this form.The development of a rice variety with low GI is a breakthrough waiting to happen. “This is good news for diabetics and people at risk of diabetes who are trying to control their condition through diet, as it means they can select the right rice to help maintain a healthy, low-GI diet,” Bird said.IRRI agreed. “Eating rice with other foods can help reduce the overall GI of a meal and, when combined with regular exercise, can reduce the chances of getting diabetes,” it said. “In addition, people who exercise need more carbohydrates in their diet and can take advantage of low-GI foods for sustained activity.” Rice Imported Into Nigeria Not Healthy For Consumption – Adesina By: Ruth Tene Natsa on December 12, 2013 - 5:28am The Minister Development, of Dr Agriculture Akinwumi and Adesina, Rural has disclosed that rice imported into Nigeria from India and Thailand are often not healthy for human consumption as they are mostly expired products of over 15 years.Speaking in an exclusive interview with LEADERSHIP in Abuja on Friday, December 6, Akinwumi said the nation was spending too much money importing Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874
  • 14. rice from Thailand and India despite the fact that the nation had every kind of rice required for consumption. He said, “For me, I want Nigerian millers milling more of our local rice into finished rice and for that to happen, we are determined that we are going to offer that paddy to them at a lower cost. So we provide a marketing subsidy for that paddy that will make it cheaper for them to mill Nigerian paddy and substitute for the rice coming from Indian and Thailand.”He said that Nigeria should be a net importer of rice, be it upland rice, lowland rice, fadama, mangrove rice in the Niger Delta or irrigated rice since the nation has all the arable land to do it. However, the minister reud that Nigeria is spending too much money importing rice from Thailand and India thereby making farmers in those countries very rich, making their rural economies grow while Nigeria manufactures poverty and the naira weakens.“When a country spends a billion naira a day importing rice, does that not tell us we have a big problem?” he queried “ First is that Thailand spends 15 billion naira subsidizing their rice farmers, they buy rice paddy, from their farmers at 200% above the market price so their farmers have a stock pile of 18m metric tonnes of rice, we are the largest importers of rice, and yet what they want to do is pound that rice on our markets”.Speaking on why the federal government had to raise rice tariffs in 2012, he said “When we raised our tariffs it created a number of good things, first the industrial milling capacity expanded by 300% in two years, secondly, our rice production, our farmers finally got incentives to grow rice and last year dry season Mr President supported us to do one thing which we had never done a s country which is to have Federal Government National Policy for dry Season rice production”.Akinwumi said “people are used to growing rice in the wet season, and we said no we are better off growing rice in the dry season because the solar radiation is better and you will get twice the yield you would get in the main season in the dry season. So we went and registered 263,000 farmers, each one with one hectare each. They gave them high quality seeds and fertilizers all through the electronic wallet system and they produced 1.1million metric tonnes of paddy”. For Advertising SPECS & RATES Contact: Advertising Department Mujahid Ali: mujahid.riceplus@gmail.com +92 321 369 2874 Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section mujajhid.riceplus@gmail.com Cell # 92 321 369 2874