24th Feb. , 2014

Share developments
in RICE
and allied sectors,
Promote the Concept of
Knowledge Economy
Dear Sir/Madam,
...
10000+ stakeholders of rice industry read & apply various ideas
and analysis written by the authors.

Be the part of Rice ...
same thing from two different points of view,‖ he said. ―Science has to do with how things were done. Religion
has do with...
Deputy Trade Minister stressed.The trade ministry has also proposed that the HS code of rice import should be
changed foll...
Food group exports up by 6.30%,imports down by 8.95%
APP
February 21, 2014

ISLAMABAD: Food group exports from the country...
Combine harvesters are one of the most economically important labour saving inventions, enabling a small
fraction of the p...
permits and quotas on rice importers – to protect Filipino farmers. But the World Trade Organization‘s
Agreements on Agric...
Manuel Sanchez has been appointed president of the Home Guaranty Corp., the government arm that insures
mass housing proje...
are used for its subsidised rice programme."It seems odd as there is an abundance of rice available for the local
market s...
Rice trade restrictions seen as WTO violation
By Jerome Aning
Philippine Daily Inquirer
12:16 am | Sunday, February 23rd, ...
ORYZA NEWS
Oryza Rice Currency Analysis for Today – Brazil Real Up 1%
Feb 21, 2014

U.S. dollar index was down -0.06% from...
sunk lower. Traders will take a close look at open interest Monday morning as a signal for additional support in
the March...
when the rice crop is planted in several major rice producing countries.Weather organizations say that there
might be chan...
The Thai Rice Exporters Association (TREA) has urg
ed the government to release rice from the 2013-14 harvest for exports ...
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24th feb.,2014 daily global rice & exclusive oryza e newsletter by riceplus magazine

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Transcript of "24th feb.,2014 daily global rice & exclusive oryza e newsletter by riceplus magazine"

  1. 1. 24th Feb. , 2014 Share developments in RICE and allied sectors, Promote the Concept of Knowledge Economy Dear Sir/Madam, YOUR IDEA has a great worth---JUST share it through RICE PLUS 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. 2. 10000+ stakeholders of rice industry read & apply various ideas and analysis written by the authors. Be the part of Rice plus authors Visit: www.ricepluss.com,www.publishpk.net mujahid.riceplus@gmail.com .riceplus@irp.edu.pk TOP Contents - Tailored for YOU More believe science, religion in harmony Posted: Friday, February 21, 2014 10:58 pm by Allan Turner Houston Chronicle Heated disputes over evolution and the origin of the universe might suggest an unbridgeable gap between scientists and people of faith, but a new Rice University study shows that — on some issues — the distance between the two world views may be narrowing.Almost half of evangelical Protestants queried in the study, presented Sunday at the American Association for the Advancement of Science conference in Chicago, said they believe science and religion can work together.‘‘That‘s in contrast to the fact that only 38 percent of Americans feel that science and religion can work in collaboration,‖ said Rice sociology professor Elaine Ecklund.Ecklund‘s study, based on interviews with 10,000 people, also found 36 percent of scientists had no doubt about God‘s existence, 18 percent attended weekly religious services, and 19 percent prayed several times a day.Overall, 55 percent of study participants expressed emphatic belief in a divine being. Participants included Protestants, Catholics, Muslims, Jews, Hindus and atheists.‘‘There‘s a lot of room for collaboration,‖ said Ecklund, director of Rice‘s Religion and Public Life Program. ―The story in the media is not one of radical collaboration, but of radical conflict. But that 48 percent of evangelicals said there could be collaboration between science and religion, that just floored me. Perhaps just putting the evolution issue aside, there is room for thoughtful dialogue.‖On the question of evolution, 43 percent of evangelical Protestants said they believed in creationism, as did 32 percent of scientists who shared their religious beliefs. Nine percent of other scientists expressed belief that God created the universe, the earth and all life within the past 10,000 years.The ‗how‘ and ‘why‘ Gary Moore, senior associate pastor at Houston‘s Second Baptist Church, said he found the study results unsurprising.―Science and religion are looking at 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
  3. 3. same thing from two different points of view,‖ he said. ―Science has to do with how things were done. Religion has do with the why.‖The Rev. Evan McClanahan, pastor of First Evangelical Lutheran Church, likened science and religion to two ships passing in the night. ―Each makes assumptions about what the other thinks,‖ he said, ―There‘s no necessary reason for science and faith to be at odds. ‖The Rice study did reveal some sharp differences between scientific and religious beliefs.Half of evangelical Protestants doubted that science would eventually explain all phenomena. Forty-two percent of evangelicals favored teaching creationism in public schools; only 10 percent of non-evangelical scientists held that view. Sixty percent of evangelicals said scientists should ―be open to considering miracles in their theories or explanations.‖Sister Damien Marie Savino, an environmental engineer who teaches a course in faith and science at St. Thomas University, a Roman Catholic institution, cited Pope John Paul II in noting that science can help ―purify religions from superstition and erroneous ways of looking at the world.‖Religion, she said, can help science determine its own limits. ―There might be something more than the created world.‖Houston atheist Mike Aus, a former Lutheran minister, said the Rice study ―seems to reconfirm what other studies have shown: People are becoming less religious.‖ Only 19 percent of all participants in the study described themselves as ―very religious,‖ he noted.University of Houston Physics Chairman Lawrence Pinsky said that, when younger, he was surprised when colleagues expressed a belief in God. ―The longer I‘ve been around, well, one of my colleagues expressed it eloquently: ‘I don‘t see a conflict between my study of the process by which the sun gives heat and light and thanking God for the sun.‘ ―Still, he said, there remains a core difference between science and religion.―Most religions have a theology that is more or less dogmatic,‖ he said. ―The fundamental tenet of modern science is that our ideas about the universe are subject to observation and experiments. Science is rife with examples of things long believed true being false. We always have to be ready to overrule our beliefs.‖ Indonesian govt has yet to issue rice import permit Fri, February 21 2014 18:56 | 487 Views Jakarta (ANTARA News) - The Trade Ministry has not yet issued any permit for the importation of premium rice for 2014 rice allocation."No permit has been issued so far," Trade Deputy Minister Bayu Krisnamurthi stated during a discussion with journalists here on Friday.Bayu also pointed out that his ministry will, in the near future, issue a Trade Ministers regulation on rice importation which will be aimed at tightening the importation of rice, particularly premium rice."We will review and improve the old regulation. We hope that with the new trade ministers regulation the system will work properly," the Deputy Trade Minister noted. Bayu stressed that in the ministers regulation that will be issued, any permit to import rice will still need recommendations from the Ministry of Agriculture.Recently, the government suspected that a violation with regard to rice import permit had taken place, particularly with the importation of 32 containers of 800 tons of rice from Vietnam. "If administrative violation is proven, then we will revoke the importers permits and include them on the black list. If it is proven that there was smuggling involved, then it will be dealt with the smuggling crime," 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
  4. 4. Deputy Trade Minister stressed.The trade ministry has also proposed that the HS code of rice import should be changed following a suspicion on the abuse of rice import permits.Medium and premium rice have the same HS import code, namely 1006.30.99.00, except the ThaiHomali type of rice, which has its own HS code of 1006.30.40.00.Medium rice can only be imported by state-owned logistics board Bulog, while Premium rice can be imported by licensed importers, but only for certain markets such as restaurants. However, with the same HS code, import permits for premium rice can be abused by importers to import medium rice that could flood the domestic markets. Late last month, Chief Economic Minister Hatta Rajasa ordered the Trade Ministry and the Agriculture Ministry to investigate an alleged illegal entry of Vietnamese rice into Indonesia.The minister was responding to a report on illegal rice imports discovered at the Cipinang wholesale market, East Jakarta, noting that the price of the illegal rice was less expensive than the price of farmers rice.It was also reported that the Vietnamese rice was brought into the country using legal documents from the Directorate General of External Trade of the Ministry of Trade.Hatta stressed that the government had never issued a permit for individuals to import rice. Therefore, he was convinced that the rice that came from Vietnam had been imported illegally.The government has only issued a license for rice imports to state-owned logistics board Bulog as a market price stabilizer.Bulog was assigned by the government to import rice or to purchase it from farmers to guarantee proper rice stocks in storage."The license to import rice will be issued for Bulog only, except for the importation of certain types of rice for foreigners and others. It is Bulog that has the authority to import it," the minister reiterated.The Indonesian customs authorities investigated the alleged abuse of permits to import Vietnamese rice, which had sparked a debate at the Cipinang wholesale market in East Jakarta. However, Director General of Customs and Excise Susiwijono Moegiarso stated that the import of 16.9 thousand tons of rice complied with standard procedures and rules, as well as having been given import approvals, surveyors reports and automated reconciliation from the Indonesian National Single Window portal.However, he did not rule out the possibility of the import permits being abused on the grounds that the permits included written approvals intended to import special rice, instead of general rice, which can be imported by state logistics board Bulog."This has happened as the HS codes of the two types of rice are the same: 1006.30.99.00. The Directorate General of Customs and Excise is investigating the alleged abuse of the import permits, including the audit of the surveyors reports," he explained.Last year, the Ministry of Trade issued a permit to import 16.9 thousand tons of special rice, consisting of 1,845 tons of the Basmati variety and 14,997 tons of the Japonica variety. (A014/INE) EDITING BY INE. Editor: Suryanto 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. 5. Food group exports up by 6.30%,imports down by 8.95% APP February 21, 2014 ISLAMABAD: Food group exports from the country during last seven months of current financial year registered increase of 6.30 percent where as food imports in the country decreased by 8.5 percent as compared to same period of last year.During the period from July-January, different food commodities worth $2.657 billion exported as compared to $2.449 billion of same period last year which were up by 6.30 percent. According to the data of Pakistan Bureau of Statistics rice exports from the country grew by 21.46 percent as about 1,762,090 metric tons of rice worth $1.211 billion exported.The rice export from the country during the same period of last year was recorded at 1,787,225 metric tons valuing $0.997 billion, it said.Meanwhile, the exports of basmati rice increased by 5.18 percent, while rice other than basmati increased by 29.65 percent respectively during the period under review. During first seven months of current financial year, about 309,879 metric tons of basmati rice worth $341.42 million exported as compared to 345,863 metric tons valuing $ 334.11 million of same period last year.During the period under review, fish and fish preparation exports from the country grew by 11.26 percent as about 82,470 metric tons of fish and fish products worth $200.41 million exported which was recorded at 80,495 metric tons valuing $180.137 million in same period of last year.In last seven months of current financial year, meat and meat preparations also witnessed growth of 4.09 percent and reached at 44,612 metric tons worth of $140.16 million as against the 39,105 metric tons $134.66 million during same period of last year. On the other hand, food imports in the country during the period from July-January decreased by 8.95 percent and recorded at 2.374 billion as compared to $2.608 billion in same period of last year.The major food commodities which registered negative growth in their imports during the period under review including tea by 26.63 percent, soybean oil by 24.12 percent and palm oil by 10.31 percent respectively.axzaxFrom JulyJanuary, 73,834 metric tons of tea for domestic consumption costing $162.64 million imported which fell by 26.63 percent as compared to import of 74,027 metric tons valuing $221.86 million of same period of last year Rice harvesting made easier Source: Asco Motors Saturday, February 22, 2014 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. 6. Combine harvesters are one of the most economically important labour saving inventions, enabling a small fraction of the population to be engaged in agriculture.As its name suggests, a Combine harvester is a machine that harvests grain crops. In Fiji, we can use the harvester on rice fields.Asco Motors offers the Massey Ferguson Rice Combine Harvester Model 4LZ-2.0D, which is built to suit Fiji's farming meadows, rice farming in particular.As Fiji tries to become more efficient in rice agriculture and be more self-reliant in rice supply, rice harvesters like the MF 4LZ-2.0D can be a great investment complementing your existing farming machinery and equipment. Combine harvesters derives its name from its combining three separate operations comprising harvestingreaping, threshing, and winnowing into a single process.Among the crops harvested with a combine harvester are rice, wheat, oats, rye, barley, corn (maize), soybeans and flax (linseed).During farming, if there is any waste straw or grain left behind on the field, it can be either chopped and spread on the field for feed and bedding for livestock.Rice harvesters are somewhat a new farming phenomenon in Fiji because we don't see much of it around the place.But if you are looking to advance your farming methods and become increasing competitive in rice farming, in Fiji and perhaps looking to export as well, mechanisation is the way forward.The Massey Ferguson Rice Harvester has a hydraulic control of grain unloading onto either trailers or bags.It can be matched with 90x48x400mm and 90x48x500mm rubber tracks, suitable for water and mud fields. It also has the added advantage of having a higher clearance.And it adopts a hydrostatic transmission, so conveniently, one lever can operate the machine and move it forward and backwards.Upland rice usually takes between 18-30 weeks from sowing to harvest. Using a rice combine harvester with a special rice header will give a quick, reasonably efficient harvest.Asco Motors also provide operator training, have back-up support and range of spare parts for this Massey Ferguson Rice Harvester Model 4LZ-2.0D.Visit Asco Motors Suva dealership to check out our Massey Ferguson Rice Harvester. NFA sabotaging Phl food security GOTCHA By Jarius Bondoc (The Philippine Star) | Updated February 24, 2014 - 12:00am Davidson Bangayan, alias David Tan, is billed as ―the Goliath of rice smuggling.‖ But no such rap has been filed in court. What he‘s facing are unrelated charges of electricity theft, importing trash, and perjury at the Senate.Why so? For one, the government seems to have no case against Bangayan ―illegally bringing in rice.‖ At best it could be for under-declaring rice imports. As for rice importing per se, there is nothing wrong, contrary to what the National Food Authority makes it look. In the opinion of the justice department, it is the NFA that breaks the law by banning private rice imports.Justice Sec. Leila de Lima tries to set things right via a memo to the NFA last Dec. She says the law that the NFA invokes to curtail rice imports – R.A. 8178 – is passé. That 1996 enactment had empowered the NFA to impose special 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. 7. permits and quotas on rice importers – to protect Filipino farmers. But the World Trade Organization‘s Agreements on Agriculture, signed by the President and ratified by the Senate, has superseded it. That international pact forms part of the law of the land, de Lima reminds the NFA. It lifts all restrictions on agricultural imports, starting 2007. Member-states may impose only regular tariffs; in the Philippines‘ case, it is 50 percent of the rice import value.Before the 2007 deadline, the Philippines had sought and was granted a fiveyear extension of its rice restrictions. The reprieve expired in June 2012. The NFA has filed for another fiveyear extension till 2017. Under WTO rules, this can only be granted through negotiations with agricultural trading states. In such negotiations, the Philippines must lower its duties on other agricultural imports. But since no negotiations have been made, the NFA must abide by the WTO lifting of restrictions on rice imports, de Lima says. Since the NFA persists in banning rice imports, the WTO may impose sanctions on the Philippines. Such punishment could include counter-bans on Philippine farm exports, like sugar, banana, and pineapple.The Philippines is put in a precarious agricultural situation. But the NFA, the agency tasked with food security, makes it worse. Last year it imported 705,000 tons of rice from Vietnam at $460 per ton. It was obviously overpriced, rice watchers say. The going rate then was only $430 a ton, and the government could have gotten it for much less had it so asked. NFA chairman-Agriculture Sec. Proceso Alcala and administrator Orlan Calayag have been charged with plunder. Allegedly the scam, pulled through secret negotiations by a private broker in the government-togovernment deal, was at least $100 per ton.Even with the NFA‘s rice imports, the supply ran short. Despite the bumper harvest of April-May, retail prices surged to P33 a kilo from the previous P22. Alcala and Calayag blamed it all on trade cartelists allegedly led by Bangayan. Yet they have not charged him with economic sabotage either. In fact, Bangayan‘s firms got the biggest rice import special permits from the NFA in 2011 and 2012. Talk is that a Mafia inside the NFA wants to replace Bangayan‘s group with new favored cartelists. The NFA spent more than P14 billion on rice imports last year. Had it let private firms do the importing, it would have not only saved the amount but also earned 50-percent duty of P7 billion. The 21-billion total could have gone a long way in direct subsidies to rice farmers. Hundreds of palay driers, warehouses, and farm-to-market roads could have been built; thousands of farm tractors distributed.Due to mismanagement the NFA is P173 billion in debt. Half its annual budget goes to repayment of interest alone: P2 billion. And yet the NFA is intending to import on its own another 800,000 tons this year. Expect another overprice. The government has left food security in the hands of an unqualified NFA head – a virtual foreigner at that, thus unconstitutional. Calayag, a former congressional aide of Alcala, had already acquired U.S. citizenship when recalled to Manila in Dec. 2012. The commission that vets nominees to government positions ignored his lack of training or experience in food production and distribution. On hindsight, he applied for dual Filipino citizenship. He can easily renounce his Filipino-hood again once he‘s done sabotaging food security. * * * Speaking of which, is another American citizen running the housing agency? 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. 8. Manuel Sanchez has been appointed president of the Home Guaranty Corp., the government arm that insures mass housing projects. He is the same Manuel Sanchez whom the House of Reps Electoral Tribunal ousted in 1994 as congressman of Rizal province, for being a foreigner. The Supreme Court has upheld that ejectment. How come he now returns as head of a government corporation? The HGC plays a vital role in low-cost housing by guaranteeing swift repayments to builders and mortgagors. Sanchez‘s entry is crucial since the agency is in financial distress. The Commission on Audit has been questioning the HGC‘s frazzled investments for several years now. Recently the COA reported that the HGC lost P13.3 billion in 2002-2012, jeopardizing its ability to guarantee investments in mass housing.Corrective measures have been recommended. But Sanchez reportedly is defying COA orders to collect more than P1 billion in receivables from buyers of its housing bonds. The House is to investigate why. E-mail: jariusbondoc@gmail.com Egypt food supply shake-up unnerves importers Cairo, 20 hours, 41 minutes ago A shake-up of Egypt's food import and storage authorities has seen an official from its main food buying agency referred to prosecutors over suspected corruption on local rice deals, while the head of its silos and storage holding company was fired.Egypt is the world's biggest wheat importer, normally buying some 10 million tonnes a year and while the suspected corruption is focused on rice, the moves come just days after two senior officials from the General Authority for Supply Commodities (GASC) were transferred from their posts.Traders fear any disarray within GASC could hurt its ability to launch international tenders. GASC has said the reshuffles would not impact its import activity.It has also unnerved companies involved in importing grain to Egypt and potentially a small group of global traders that supply them."It's chaos, even the people inside GASC don't know what's going on and are concerned," said an international grain trader. On Saturday, Supplies Minister Mohamed Abu Shadi had referred the head of the central import administration at GASC to administrative prosecutors for suspected corrupt dealings with traders."The case has no relation at all with wheat, it is about dealings to purchase local rice from local traders in which the official had extended traders' deadlines to 10 days instead of a week," ministry spokesman Mahmoud Diab told Reuters but declined to name the man.While GASC were not immediately available for comment, rice industry insiders were sceptical about the supply ministry's assessment. RICE IN ABUNDANCE Egypt suspended rice exports in November to meet its domestic needs for a government subsidy programme. The country had an exportable surplus estimated at 800,000 tonnes of rice last year. Local consumption amounts to around 4 million tonnes of white rice a year, of which around 1.1 million tonnes 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. 9. are used for its subsidised rice programme."It seems odd as there is an abundance of rice available for the local market since Egypt shut the door for exports," a senior rice industry source said, referring to Diab's comments.Abu Shadi also sacked the head of the silos and storage holding company and other officials for failing to reach targets set for 2012/13. Diab said it was within the minister's rights to inject new blood into the company.Two senior GASC officials, dealing with wheat imports and procuring local rice, were moved from their posts a few days ago. Diab said they were still working within GASC.The changes mark another flashpoint in Egypt's food supply after deposed Egyptian President Mohamed Mursi spent his year in power dramatically reducing wheat imports in a failed attempt at self-sufficiency.Abu Shadi has said self-sufficiency needs swift action towards increasing Egypt's wheat storage capacity from 1.5 million tonnes to 6 million tonnes. The Egyptian company for silos is responsible for building 50 new ones. The UAE is funding 25 other silos. Reuters Bernas must protect farmers' welfare after delisting The government said it will step in if rice supply regulator and distributor Padiberas Nasional Bhd (Bernas) fails to safeguard its social duty to thousands of farmers and rice millers once the agency is privatised.Agriculture and Agro-Based Industry Minister Datuk Seri Ismail Sabri Yaakob told The Malaysian Reserve the corporate restructuring of Bernas should not threaten the livelihood of some 300,000 rice farmers in the country.There are about 400 commercial rice mills, of which 32 are owned and operated by Bernas. Bernas currently controls about 24% of the paddy market and 45% of the local rice demand. We are monitoring the situation and will intervene if there is any problem to our farmers. So far everything, at administration and farmers levels, is functioning as usual.―Bernas assured the government the delisting will not affect its social obligations towards farmers, even though structure of the company changes,‖ Ismail Sabri said on the sidelines of Farmers‘ Organisation Authority 41st anniversary event in Kuala Lumpur recently.Tan Sri Syed Mokhtar Al-Bukhary, who controls Bernas, plans to take the agency private. But his two attempts failed after minority shareholders balked at his offer. At a Bernas EGM in January, 155 shareholders rejected the RM3.70 per share offered by the buyers. Shareholders also shot down another offer at the same price in February.The joint offerors were Perspective Lane (M) Sdn Bhd, Kelana Ventures Sdn Bhd, Seaport Terminal (Johore) Sdn Bhd and Acara Kreatif Sdn Bhd. Combined they own 83.67% of Bernas.Bernas failed to obtain the 25% public shareholding spread required by Bursa Malaysia to privatise the agency.The agency was corporatised in 1996 and entrusted to maintain the nation‘s rice stockpile, act as buyer of last resort for paddy farmers, manage Bumiputera Rice Millers Scheme and distribute paddy price subsidies to farmers on behalf of the government.Observers are concerned that privatisation of Bernas could impact the rice industry, considered a national strategic asset. Price of rice could rise and farmers‘ could also suffer if the newly privatised company fails to upkeep its social obligations.―Poverty among our farmers and fishermen is a major issue. It is a reality and not a perception. We need to tackle this,‖ Ismail Sabri said at the event 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. 10. Rice trade restrictions seen as WTO violation By Jerome Aning Philippine Daily Inquirer 12:16 am | Sunday, February 23rd, 2014 The National Food Authority (NFA) may no longer restrict rice importation because its power to implement quantitative restrictions (QR), or volume limits, on rice imports had expired in June 2012, according to a Department of Justice legal opinion sent to Agriculture Secretary Proceso Alcala.Justice Secretary Leila de Lima issued the opinion dated Dec. 16 last year upon the request of Alcala and after the NFA and the Bureau of Customs were sued by importers for seizing rice shipments in Davao City and other ports outside Metro Manila due to lack of import permits.Several importers, who challenged the Department of Agriculture and NFA‘s position, managed to secure temporary injunction orders from courts in Davao, Batangas and Manila.In her 12page opinion, marked confidential, De Lima said the Philippines had yet to get an extension of the QR.De Lima said any extension of the quota on agricultural products ―shall only be by agreement after the conduct of negotiations.‖―To renege on this agreement, consent to which was manifested by the act of both the President and the Senate in accordance with the Philippine Constitution, is beyond the power of a mere implementing agency like the NFA, which must exercise its rule-making and regulatory powers in accordance with, and not contrary to, applicable laws,‖ the opinion said.Under the terms of the agreement‘s Annex 5, the right to impose QR on rice, being a primary agricultural product, was granted to the Philippines, by virtue of its being a developing country, during the 10-year implementation period of full liberalization of world trade. The NFA derived its power to maintain a quota on rice from Republic Act No. 8178 or the 1996 Agricultural Tarrification Act.However, De Lima said that owing to the expiry of the special treatment granted by the World Trade Organization (WTO), the NFA can no longer invoke RA 8178.―The WTO provisions on the lifting of quantitative restrictions as well as their exceptions, and the provisions on negotiations for its extension are already effective and should be complied with. It is not for nothing that the Philippine government gave its consent to the WTO agreement,‖ De Lima said.The QR implemented by the Philippines imposes a 40-percent duty on rice entering the country under the minimum access volume (MAV) of 350,000 metric tons. Imports outside of the 350,000 metric tons MAV are levied a higher tariff of 50 percent.As the debate over importation rages, ordinary Filipinos assailed the uninterrupted rise in rice prices that has now breached the P40-per-kilo level.Rafael Mariano, chair of the militant Kilusang Magbubukid ng Pilipinas, called the spiraling hike in the price of rice as the ―height of injustice‖ to Filipinos.Mariano said part of the reason that prices are increasing was the control on supply being exercised by unscrupulous traders.―The big volume of rice in the country is not with the NFA but in the hands of a cartel,‖ said Mariano in a telephone interview. With a report from Delfin T. Mallari Jr., Inquirer Southern Luzon 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. 11. ORYZA NEWS Oryza Rice Currency Analysis for Today – Brazil Real Up 1% Feb 21, 2014 U.S. dollar index was down -0.06% from the open today, when it traded at 80.237 at the close. Euro was stronger +0.16% by the close, trading around 1.3740 by end of day, after trading between an intraday high of 1.3759 and low of 1.3702. Thai baht was stronger +0.06%, trading at 32.535 at the close of business. Indian rupee was +0.16% stronger at 62.1300. Brazilian real was +1.00% stronger than the open at today‘s close, when it ended at 2.3470 reais per dollar. Pakistan rupee was -0.12% weaker at 104.9517. Vietnamese dong was weaker -0.02% at 21105. Mexican peso was +0.10% stronger today, when it traded at 13.2657 pesos per dollar by the close of business today. Chinese yuan was weaker -0.11%, trading at 6.0912. Argentine peso was -0.38% weaker, trading at 7.8467 pesos per dollar. Tags: foreign exchange rates Oryza Afternoon Recap – Chicago Rough Rice Futures Slip as Bears Continue to Roll Positions Forward and Outright Buying Remains Muted Feb 21, 2014 Chicago rough rice futures for March delivery settled 4.5 cents per cwt (about $1 per ton) lower at $15.715 per cwt (about $346 per ton). Rough rice futures suffered a late session sell-off again today; however the majority of trade activity was focused on the March/May spread as we approach first notice day next Friday. Bear spreading on the part of shorts forced the nearby spread to trade out to 38 cents per cwt (about $8 per ton) by the ringing of the closing bell today. This activity we met with very little outright buying interest and thus prices 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. 12. sunk lower. Traders will take a close look at open interest Monday morning as a signal for additional support in the March contract as bears are forced to pay up to roll positions forward. Technically today‘s action provides a negative outlook for early trading next week as the market has charted out a lower high and lower low. However, nearby support is noted at $15.700 per cwt (about $346 per ton). Despite the losses noted over the last three sessions, a huge rally on Tuesday was more than enough to leave prices with a 13 cent per cwt (about $3 per ton) gain on the week. The other grains finished the day mixed; soybeans closed about 0.9% higher at $13.7075 per bushel; wheat finished about 1.1% lower at $6.1075 per bushel; and corn finished the day about 0.6% lower at $4.5300 per bushel.U.S. stocks rose on Friday, with Wall Street on track for a third weekly gain, as results from companies including Intuit lifted investor sentiment and another downbeat economic report was disregarded as due to the weather. Sales of existing homes fell last month to their lowest in more than a year, with the National Association of Realtors reporting sales in January fell 5.1% versus expectations for a 3.5% drop. After falling nearly 17 points, the Dow Jones Industrial Average was lately up 32.72 points, or 0.2%, at 16,165.95. The S&P 500 rose 4.39 points, or 0.1%, to 1,844.17, with utilities up the most and telecommunications the hardest hit of its 10 major sectors. The Nasdaq climbed 11.18 points, or 0.3%, to 4,278.72. Gold is trading about 0.7% higher, crude oil is seen trading about 0.5% lower, and the U.S. dollar is seen trading about 0.1% lower at about 1:00pm Chicago time.Thursday, there were 2,071 contracts traded, up from 1,797 contracts traded on Wednesday. Open interest – the number of contracts outstanding – on Thursday increased by 48 contracts to 7,877. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market El Niño Threatens Global Rice Production in 2014 Feb 21, 2014 Weather scientists around the world have recorded increase in temperature in the Pacific and say that the El Niño (―The boy‖ in Spanish) weather phenomenon may occur in the second half of this year, a time 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. 13. when the rice crop is planted in several major rice producing countries.Weather organizations say that there might be changes in the intra-seasonal period during March, but initial studies show that there is a possibility of El Niño in the coming months. The UN‘s World Meteorological Organization (WMO) says, ―Current model outlooks further suggest an enhanced possibility of the development of a weak El Niño around the middle of 2014, with approximately equal chances for neutral or weak El Niño.‖El Niño happens due to prolonged warming of the Pacific Ocean and can cause droughts in major rice growing countries in Asia and Australia, and intense rains in other parts such as South America. The last El Nino happened in 2009, and the weather phenomenon usually repeats every 2-7 years.According to the Australian Bureau of Meteorology (ABM), there is a possibility of some warming of the Pacific in the coming months. ―Most international climate models surveyed by the Bureau suggest the tropical Pacific Ocean will warm through the austral autumn and winter (April – September),‖ ABM says.However, Japan Agency for Marine-Earth Science and Technology (JAMSTEC) says that it expects El Niño-Modoki (rather than El Niño) will start evolving in late boreal spring/early summer and reach its height in the latter half of 2014. Unlike El Niño, the El Niño Modoki significantly influences regional climates in China, Japan and the U.S., JAMSTEC says. This can cause cyclones in tropical countries in the Pacific and in the Philippines, and drierthan-normal conditions in eastern U.S.According to the USDA, global rice production in 2014 is projected at around 471.5 million tons, up about 500,000 tons from an estimated consumption of around 471 million tons. Global beginning stocks in 2014 are estimated at around 106.8 million tons. Tags: El Niño, global rice production Thailand Rice Soon to Flood International Market, But Will it be Rotten Rice? Feb 21, 2014 Instead of rejoicing over the end of the rice mortgage program, rice exporters in Thailand are worried that concerns over quality of rice stored for years in government warehouses may dent the image of Thai rice.Thai rice farmers demanded earlier this month inspection of warehouses to check the quality of rice stored for years now. They wanted to know why the government cannot speed-up sales. This week, Iraq said that it will continue to ban purchases of Thai rice until quality improves and has sought a meeting with officials in Thailand to discuss the matter. In other words, Iraq may buy only fresh Thai rice of the 2013-14 harvest, after prices drop due to higher supplies next month.With the rice mortgage program ending in February, 2014 traders believe millions of tons of Thai rice (from stocks estimated at around 15 - 18 million tons or almost half of total annual global rice trade) will flood into the international market. However, importers such as Iraq, China, Malaysia and other countries are aware that there is a risk that rotten rice may be dumped into the international market. Yesterday, a senior trade ministry official in Indonesia hinted that Thai exporters might be ―dumping‖ rice in Indonesia, without giving details. 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. 14. The Thai Rice Exporters Association (TREA) has urg ed the government to release rice from the 2013-14 harvest for exports and use old rice for domestic purposes to salvage Thailand‘s reputation in the international market. TREA says that while domestic consumers prefer old rice, importers prefer fresh stocks. However, recent reports and pictures of stained rice bags lying in government warehouses suggest that the government must release old rice stocks soon. Recently, the government sold 600,000 tons of rice in a tender, which was above the 400,000 tons put up for auction. Officials say that the government did so to help two exporters fulfill their orders, but sources say that more of this is likely to be seen in the coming months as the government plans to offload at least one million tons of rice per month in January – March 2014. International rice prices are expected to decline post-February 2014, or after a new government is formed in Thailand in the coming months. Some traders say Thai 5% rice could drop to around $350 per ton, the lowest in around seven years. Consumers in importing countries such as Malaysia are rejoicing, but traders are worried that with low prices they may have to deal with low quality rice as well. Tags: Thailand rice exports, Thailand rice stocks, Thailand Rice Exporters Association 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

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