20th feb.,2014 daily global rice e newsletter by riceplus magazine


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20th feb.,2014 daily global rice e newsletter by riceplus magazine

  1. 1. 20th 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 Latest News Headlines… o o o o o o o o o o o o o Mekong Delta Receives Help To Boost Farming Techniques Sierra Leone News: Rokupr Rice Research Center re-emerges as Center of Excellence Int'l Rice Research Institute releases 44 new rice varieties in 2013 1,000 farm tractors, 15,000 farmers head to Bangkok Rice may trade in ranges Government must ensure fall in global price of rice benefits locals, says opposition MP With no water shortage, Khon Kaen farmers starts planting off-season rice Commerce Ministry: A Rice Farmers Bank can be established if without political interference Indonesia Sees Signs of Thai Rice Suppliers Dumping Rice: Trade Official 200,000 MT rice lack import permits BOC tags 5 firms in illegal rice trade Rice rout seen extending as Thai sales quicken Amira Nature Foods Ltd Announces Third Quarter 2014 Earnings Release Date and Conference Call 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. NEWS DETAILS: Mekong Delta Receives Help To Boost Farming Techniques HANOI, Feb 20 (Bernama) -- A project funded by the International Rice Research Institute (IRRI) and the World Bank (WB) is supporting Mekong delta provinces in keeping up with advanced farming techniques to boost competitiveness.The Closing Rice Yield Gaps in Asia (CORIGAP) 2013-2018 project aims to improve rice productivity and quality and reduce gaps in rice yield in the region, Vietnam News Agency (VNA) reported. By developing modern rice farming models, the project hopes to contribute to reducing poverty, ensuring food security and improving livelihood of locals.A group of local scientists from Thailand, Indonesia, Sri Lanka and Myanmar met to discuss the project's activities in Can Tho city this week.The Mekong Delta is targeting an annual rice output of 24 million tonnes from 2020 to 2030 to remain as the country's top rice producer.To reach that goal, the region will have to zone 4.3 million hectares of land for rice farming from now to 2030.Data from the Mekong Delta Rice Research Institute showed the region increased its rice output from 4.2 million tonnes in 1976 to 24.5 million tonnes in 2012.-- BERNAMA Sierra Leone News: Rokupr Rice Research Center re-emerges as Center of Excellence The Rokupr Agriculture Research Center in Kambia was established in 1934 as an institute to research Mangrove Rice Seed Multiplication. During the eleven-year rebel war in the country, the center was devastated.However, recent funding from the Government of Japan amounting to US D 10m, through the West Africa Agricultural Productivity Programme (WAAPP) and the Rural and Private Sector Development Programme (RPSDP), the center has been rehabilitated and several agricultural research activities have since been undertaken, which has earned the center the accolade of Center of Excellence for Mangrove Rice Research in West Africa region.This was disclosed during a meeting with different stakeholders at the Research Center in Kambia during the visit of the World Bank and Food and Agricultural Organization to inspect the WAAPP and RDSDP projects since September 2013.The capacity building has seen the training of about fourteen young researchers both locally and internationally on new rice production methods, has two stationed researchers and an additional two, a researcher and a scientist have been sent to Nigeria and Ghana for further studies on mangrove rice. 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. The center has also produced large quantities of rice varieties including Nerica L19, Rok 3 and Rok 5.The rehabilitation work done on the center includes, the construction of a drying floor, an experimental site, a breeding ground, storage facilities and six residences for the research staff all amounting to USD 75, 000 (seventy five thousand Dollars).About the Research Center, Berth Meertens, Coordinator for the Center and Africa Rice said the main target of the center is to build capacity on mangrove rice research and production for the sub region and to lift the institution’s status from its immediate past decadent status.He said their main research focus is on rice but that sometimes, they do same on cassava. He revealed that during the last season they focused on implementing core research programmes with emphasis on mangrove rice. He maintained that the exercise is a sub regional programme since the WAAPP project has selected Rokpur as the center of excellence for mangrove rice research for the sub region.He said the impact of this research programme will ensure that more research activities at the center with more farmers benefiting through improved and increased yields. He went on to add that with more of these research activities will add impetus to practical agricultural work rather than relying on technologies explained in text books. He said making technical theories more practical makes the research farmer-friendly to ensure their successes.Senior Field Officer at the Farm Management Site, Abdulai Bapiayor Kamara, said they are mainly concerned with rice research and that they promote researched seedlings to farmers. He said they also advice farmers on the use of the variety of rice seeds available on site that includes, Rok 24, Rok 4, Rok 10 and Nerica L19. He maintained however that local farmers mostly go for the Rok 25, Rok 10 and Nerica L19 varieties.The Senior Site Manager explained that whenever they identify a new rice variety it is introduced to the farmers and that the farmers normally go for it. He noted that feedbacks from farmers indicate that the research activities have helped improve their production and yields greatly. However despite the successes, the team is faced with challenges which include lack of logistics, inadequate supply of seedlings and fertilizers as well as inadequate storage facilities.Speaking on the staff quarters, the Programme Coordinator for WAAPP and RPSDP, Peter Kaindeneh said the project is in two phases of 15 houses each to be fitted with electricity, pipe borne water. He said the rehabilitation work which lasts for six has already kicked off, with two already completed. He said the first phase will only see six staff quarters rehabilitated. He said junior scientists will understudy their senior colleagues in order not leave a vacuum whenever it may occur.The Programme Coordinator maintained that researches conducted at the center will not only benefit the country but the region as a whole, noting that countries like Nigeria, Ghana and Ivory Coast will come to the country to do research on Mangrove Rice. By Betty Milton Wednesday February 19, 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
  5. 5. Int'l Rice Research Institute releases 44 new rice varieties in 2013 02-20-2014 16:16 BJT | MANILA, Feb. 20 (Xinhua) -- Philippine-based International Rice Research Institute (IRRI) and its partners released 44 new and improved rice varieties last year to help Asian and African countries prop up their rice output despite declining resources.IRRI said in a statement released on Thursday that rice varieties resilient to climate change were among those released last year. These include nine salt-tolerant varieties in the Philippines, three flood-tolerant varieties in South Asia, and six in sub-Saharan Africa.The research institute said resilience to climate change is a " big thrust" of its work in improving rice varieties that will help farmers produce more rice with the same, or declining, amount of resources. "These improved rice varieties are considered public goods. Hence, our partners are free to release these for farmers' use or for more breeding work to suit local needs in their countries," said Eero Nissila, head of IRRI's breeding division.Last year, a total of 21 new and improved rice varieties were released in the Philippines, six in Bangladesh, five in Myanmar, three in Nigeria, two in Tanzania, two in India, and one each in Cambodia, Vietnam, Indonesia, Mozambique, and Rwanda.Since its establishment in 1960, the Philippine-based research institute said it has released 1,000 improved rice varieties across 78 countries.One of these is IR8, which was introduced more than 50 years ago and was later dubbed as "miracle rice." IRRI said IR8 served as a key driver of the "Green Revolution" and prevented famine in rice-eating Asian countries. 1,000 farm tractors, 15,000 farmers head to Bangkok The Nation February 20, 2014 6:10 pm A long convoy of rice farmers from four central provinces is heading to Bangkok to demand for unpaid subsidy for pledged rice.As of 6 pm, they have reached Ayutthaya and they are expected to enter Bangkok Friday.The total number of them is estimated at 15,000, who are travelling in 1,000 tractors and improvised farm vehicles. Former Chat Thai Pattana Party MP 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. Chada Thaiset, who represents Uthai Thani-based farmers, said that part of the farmers would be heading to Suvarnabhumi airport, on purposes he did not specify. A leader of Lop Buri-based farmers, Ubolsak Bualuangngarm, said farmers would blockade the capital for seven days if the government failed to pay them, but would not cooperate with anti-government movement People’s Democratic Reform Committee in its drive to oust the government. He also asked capital residents to stockpile food supplies for seven days before then."If the goverment wants to disperse farmers’ protests or arrest us. All of us are ready to die, and donate our bodies, if the government wants to do anything to farmers," he said, adding that the farmers travelling with this convoy would be joined by those travelling from the Northeast and the West who are expected to reach Bangkok Friday Rice may trade in ranges OUR CORRESPONDENT KARNAL, FEBRUARY 20: After witnessing a downtrend earlier this week, prices of aromatic and non-basmati varieties quoted with nominal fluctuation on Thursday.Amit Kumar, proprietor of Ginni Rice, told Business Line that a steady trend has prevailed following restricted trading in the market. Currently, stocks are easily available but the domestic demand is yet to pick up and that is the prime reason behind the current situation of the market, he added. Traders expect that market may continue to witness a range-bound to steady trend for the next few days and then, it may witness an uptrend. In the physical market, Pusa-1121 (steam) sold at ₹ 9,000-50, while Pusa-1121 (sela) quoted at ₹ 7,900-8,000. Pure Basmati (Raw) quoted at ₹ 12,200. Duplicate basmati (steam) sold at ₹ 7,000 a quintal. Pusa-1121 (second wand) was at ₹ 7,100, Tibar at ₹ 6,150 while Dubar at ₹ 5,000. In the non-basmati section, Sharbati (Steam) sold at ₹ 5,000, while Sharbati (Sela) quoted at ₹ 4,600. Permal (raw) sold at ₹ 2,320 and Permal (sela) at ₹ 2,340, PR-11 (sela) sold at ₹ 2,700 while PR-11 (Raw) at ₹ 2,600. PR14 (steam) sold at ₹ 2,950. About 2,000 bags of Pusa-1121 arrived and went for ₹ 4,200 a quintal. (This article was published on February 20, 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
  7. 7. Government must ensure fall in global price of rice benefits locals, says opposition MP F EB RUARY 2 0 , 2 01 4 The upcoming end to Thailand's subsidy scheme will affect the price of rice across Asia. - Reuters pic, February 20, 2014.An opposition MP wants Putrajaya to ensure rice prices in the local market are lowered in line with world market trends to ensure that the reduced prices are passed on to consumers.Alor Setar MP Gooi Hsiao Leung said this in response to the expected plunge in world rice prices when Thailand ends its subsidy scheme at the end of this month, causing a market glut. He said tycoon Tan Sri Syed Mohktar Al-Bhukhary will profit most with Padiberas Nasional (Bernas) making big bucks if the price of rice in Malaysia remains unchanged. Referring to the Reuters article entitled ―Thai rice to pour into global markets as subsidy ends‖ yesterday, he said millions of tonnes of Thai rice will be flooded into the international market.He said Thai exporters now predict that the price of 5% broken rice will drop from US$375 per tonne (RM1,238 per tonne) to US$350 per tonne (RM1,155 per tonne), the lowest in seven years.He said apart from Thailand, India and Vietnam will also see a drop in their rice prices due to high-yielding harvests. "As a result, Malaysia as a rice importer will enjoy cheaper imported rice. Bernas will also receive huge profits as a result of low import prices."If the price of rice for Malaysians remains unchanged at the old level, Bernas will stand to reap huge profits, with the sole individual Syed Mokhtar standing to profit the most," said Gooi, who is also Kedah PKR vice-chairman, in a statement today."Putrajaya ought to ensure the price is lowered for consumers in order to help lighten the rakyat’s burden caused by the rising cost of living," Gooi said.It was reported recently that Syed Mokthar, who is the controlling shareholder, is trying to take Bernas private using his four companies - Perspective Lane Sdn Bhd, Kelana Venture Sdn Bhd, Seaport Terminal (Johor) Sdn Bhd and Acara Kreatif Sdn Bhd - who are the joint offerors in the bid.In November, opposition leader Datuk Seri Anwar Ibrahim said Bernas' profit will increase by 40% to RM165 million in the short term resulting from lower international prices as a result of excess supply of rice from Thailand, Vietnam, India and Pakistan.He said "this will profit whoever owns Bernas in the future‖ .Under the Thai subsidy scheme introduced in October 2011, farmers were paid 15,000 baht for every tonne of rice sold to the government.When the subsidy scheme is scraped at the end of this month, most farmers will be forced to sell their paddy in the open market at much lower prices (47% lower), at around 8,000 to 9,000 baht per tonne.The farmers will also be forced to sell at lower prices due to the lack of available government warehouse facilities to store rice until the rice price recovers. – February 20, 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
  8. 8. With no water shortage, Khon Kaen farmers starts planting offseason rice Published on February 20, 2014 by TFP KHONKAEN, 20 February 2014 (NNT) †‖ Rice growers in Khon Kaen have asserted they will continue to partake in the government’s rice pledging project, because they would otherwise receive a lower price from rice mills.Sakhon Phangthui, a farmer in Mueang district of Khon Kaen, said that he pledged 3 tons of his produce in January, after the recent harvest, in accordance with the government’s limit of 3 tons of rice mortgage per family. He said he had already received the warehouse receipt, and that he was not troubled by the delay in payment to farmers.With no shortage of water for irrigation, farmers in the district had already started to grow off-season rice, and the crop was growing better than during the previous year, he added.Sakhon said that he would again pledge the upcoming produce in the rice mortgage scheme because he would fetch a better price than the 12,000 baht per ton offered by rice mills. ( Namo Vananupong) Record Lao Rice Crop Estimated in 2013 20.02.2014 Planting of the 2013/14 mostly dry season irrigated paddy crop is almost completed, under generally favourable weather conditions.Harvesting of the 2013 main season rice was completed in December, reports FAO.In aggregate, the 2013 rice output (including the main wet and the ongoing secondary dry seasons), is estimated by FAO at 3.5 million tonnes, similar to last year’s bumper output.Heavy monsoon rains from late June throughout September 2013 resulted in localised flooding across north-eastern and southern parts of the country.According to the National Disaster Management Office the floods are estimated to have affected at least 24 000 hectares of paddy crop, limiting potentiality higher production this year. Continued public assistance supported larger plantings. Commerce Ministry: A Rice Farmers Bank can be established if without political interference Date : 20 2557 BANGKOK, 20 Feb 2014 (NNT) - Deputy Agriculture and Cooperatives Minister Yanyong Phuangrach revealed it is possible to establish a bank that would handle financial affairs of rice farmers provided that there is no political interference. The establishment of a Thai Rice Farmers Bank was one of the 3 suggestions made at a meeting of the Thai Agriculturist Association, the Commerce Ministry, and the Thai Rice Mills Association, in their move 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. to aid farmers suffering from delayed payment under the government’s rice pledging scheme. Another suggestion made by rice farmers involves a call for members of the public to transfer their savings from other banks to the Bank for Agriculture and Agricultural Cooperatives for use in supporting farmers. The third proposal is to initiate a Thai Rice Farmers Fund. The Deputy Agriculture and Cooperatives Minister said that the government would conduct a feasibility study on the proposed fund. He said one way to achieve the fund was to allocate premiums collected from rice mills upon their exporting rice. If the plan came to fruition, it would possibly compile more than one billion baht for the proposed fund, he stated. Currently, several funds have been established to assist farmers such as the Rubber Aid Fund, the Cane & Sugar Fund, and the Para Rubber Fund. However, no funds have been made to particularly assist rice farmers. Indonesia Sees Signs of Thai Rice Suppliers Dumping Rice: Trade Official By Yayat Supriatna & Naveen Thukral on 3:17 pm February 20, 2014. Category Business, Commodities, Featured Tags: Illegal Rice Imports, Indonesia rice production, Thailand rice [Updated at 6:48 p.m. on Thursday, Feb. 20, 2014] Jakarta/Singapore. There are signs that Thai suppliers are dumping rice in Indonesia, a senior trade ministry official said, as Bangkok offloads its record stockpiles on an already oversupplied global market.Asian rice exporters and producers will come under pressure with millions of tons of cheap Thai rice set to flow into the market when Thailand’s controversial subsidy scheme ends later this month and farmers offload the March harvest.―There is an indication that Thai rice suppliers dumped their rice exports inIndonesia,‖ Bachrul Chairi, the director-general of foreign trade at Indonesia’s trade ministry, told reporters. He did not provide details of volumes or companies.―They sell their rice to Indonesia at lower prices,‖ he said.Thailand has amassed massive rice stockpiles under a subsidy programme that paid farmers far above market rates, making the grain uncompetitive on world markets.The scheme has run into funding problems, compounded by political unrest that has left a caretaker government with few options but to sell at cut-rate prices to raise money. The Thai government sold close to 1 million tons of rice from its stocks in February at relatively low prices, traders said, dragging down the market. It plans to sell another 500,000 tons next week.Thailand is unlikely to ship large volumes of rice to Indonesia as imports are tightly controlled by the state procurement agency, Bulog, and Indonesia currently has ample domestic rice supply. But fears of a global glut are making authorities nervous, traders said.―I don’t think it is dumping,‖ said Ben Savage, managing director of brokerage Jackson Son and Co. in London.―What you are seeing is that international prices are falling below the Indonesian market which is worrying the authorities. It could be that farmers are getting rankled about not getting good returns.‖Benchmark five percent broken rice in Thailand is available for $375 a ton, down 15 percent this week.The United States and some others nations have already sounded warning noises at the World Trade 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. Organisation because of Thailand’s lack of transparency on sales and stocks.India, which emerged as the top global exporter in 2011/12, and Vietnam, the No. 2 supplier in the world, are likely to see sales drop in 2014.India exports a total of about 10 million tons a year of rice. Total Indian rice production is forecast to be about 106 million tons in 2013/14, up from 105 million a year earlier.Vietnam has said it expects its rice exports in January-March to decline by a quarter with African buyers switching to cheaper Thai cargoes.It plans its own rice stockpiling scheme and new price floor as a big harvest reaches its peak next month, traders said, in a bid to prevent prices from sliding. Reuters 200,000 MT rice lack import permits RICE imports that lacked requisite permits from the National Food Authority (NFA) reached over 200,000 metric tons (MT) last year, the Customs bureau claimed yesterday. ―We’ve discovered that the volume of rice that was imported without permits last year was almost 200,000 MT, based on the info given to us by the NFA,‖ Customs Commissioner John Philip ―Sunny‖ Sevilla told reporters in a chance interview. The amount is roughly 57% more than the 350,000-MT minimum access volume (MAV) of rice that the Philippines has committed to import at 40% duty, under agreement with the World Trade Organization. Imports outside the MAV get a 50% duty. Mr. Sevilla also said that only 50,000 MT of rice were issued import permits last year. The number is expected to rise to 55,000 to 60,000 since the NFA extended the validity of rice imports until January this year, due to the political turmoil in Thailand.Of the 200,000 MT that lacked import permits, 150,000 MT were traced to only five companies: Silenty Royalty Marketing, Bold Bidder Marketing and General, Starcraft International Trading, Medaglia de Oro Trading and Inter-Continental Grains.Most of the shipments, Mr. Sevilla said, arrived at the Port of Manila and the Manila International Container Port (MICP) while others arrived at the ports in Davao, Cebu, Cagayan de Oro and the Mindanao Container Port in Misamis Oriental. The Customs chief said the bureau is also investigating its employees regarding how the shipments were imported into the country despite the lacking requisite NFA import permits. ―We’re looking at what happened here; were there fake import permits or recycled import permits?‖ Mr. Sevilla said.―We want to start with them. We have to start making our own people accountable, so I want to find out what is really happening,” he added. -- Mikhail Franz E. Flores 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. BOC tags 5 firms in illegal rice trade By Evelyn Macairan (The Philippine Star) | Updated February 21, 2014 - 12:00am MANILA, Philippines - At least 200,000 metric tons of rice were illegally imported into the country last year with about 75 percent of that allegedly consigned to only five importers, Bureau of Customs (BOC) Commissioner John Sevilla revealed yesterday.Sevilla said data from the National Food Authority (NFA) showed the 200,000 metric tons of rice was imported without the required import permit, which far surpassed the estimated 55,000 MT of legally imported rice.Sevilla identified the five rice importers as Silent Royalty Marketing, Bold Bidder Marketing and General Merchandise, Starcraft International Trading, Inter-Continental Gains and Medaglia de Oro Trading. These five firms reportedly accounted for 75 percent or 150,000 MT of rice that were brought into the country via the Port of Manila and the Manila International Container Port without import permits.Sevilla added the remaining 25 percent of illegal rice importations passed through the ports of Cebu, Davao, Cagayan de Oro and he sub-port of Mindanao Container Terminal in Phividec, Tagoloan and Misamis Oriental.Coincidentally, the BOC identified them as the top rice importers for year 2013, next to the NFA.Starcraft was previously mentioned in the investigation of suspected rice smuggler Davidson Bangayan, who is reportedly also known as David Tan.―So internally what we are looking for is how this happened when the law and procedure (on importations) have been clear. Were there fake import permits? Did they recycle the import permits?‖ Sevilla asked.They also noticed that the bulk of the rice importations without import permits took place around October, before the alert orders were issued and some two months before the BOC started receiving court injunctions.These occurred during the second week of December when the courts ordered the release of the seized rice shipments.They have so far received five court injunctions with the expectation of two more because there are pending petitions for injunction, Sevilla said. The importers Starcraft, Bold Bidder and Silent Royalty were among those who filed an injunction case against the BOC.Since the BOC does not blacklist importers under investigation, they would just place the five firms’ future shipments under alert if these fall under the category of illegal import.At the moment, Sevilla said they are concentrating efforts on looking into the activities of their own BOC personnel, specifically the assessors and examiners who processed the release of questionable cargo.Customs deputy commissioner for Intelligence Group (IG) Jesse Dellosa is reportedly in charge of investigating the transaction of 18 examiners and 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. assessors.Dellosa said the 18 would remain in their posts during the course of the investigation.In the case of Silent Royalty, the NFA said it has not issued even a single import permit to the firm.―So we are backtracking on our records and determining how many shipments came in for Silent Royalty. Who cleared the release? Did they present an import permit to the BOC employee? Can we see that import permit? Was it fake?‖ Sevilla said. Legal question The Department of Justice (DOJ) has raised a legal question on the quantitative restrictions (QR) on rice imports.In a 12-page confidential legal opinion, Justice Secretary Leila de Lima said the NFA has no power to extend the imposition of QR following the expiration of the government’s commitment to the World Trade Organization-General Agreement on Tariffs and Trade in June 2012.While the agreement has expired, De Lima said it had provisions saying extension of the QR on agricultural products ―shall only be by agreement after the conduct of negotiations.‖ De Lima believes such provisions are binding. – Edu Punay Rice rout seen extending as Thai sales quicken Shipments from India will probably expand to a record 11 million tonnes in 12 months through March, according to AIREA Thailand spent 689 billion baht ($21 billion) in the past two years buying from farmers to boost rural incomes. Photo: Indranil Bhoumik/Mint Bangkok: Global rice prices will extend declines as Thailand is forced to offload grain from record stockpiles accumulated under a state-buying programme, according to the Vietnam Food Association, the main shippers’ group.―Exports to China and Africa from the secondlargest shipper will drop this year on increased competition from Thailand as well as from India and Pakistan amid a global glut,‖ said Truong Thanh Phong, chairman of the Ho Chi Minh City-based group.While Thailand’s reserves built up as the government paid farmers above-market prices since 2011, the programme is now short of funds and unpaid growers are demanding stockpile sales. 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. The unrest by the growers adds to opposition targeting Yingluck Shinawatra’s caretaker administration, which has faced months of demonstrations. Phong’s comments reflect concern among exporters about the pace of sales from holdings that are large enough to cover 39% of annual world import demand.―The rice market has seen fierce competition for the past two years due to the global surplus,‖ said Phong, who has been chairman of the group for 13 years. ―Global prices will decline this year because they’re guided by Thai rates,‖ he said.―The price of new-crop Thai 5% broken white rice, a benchmark grade, tumbled 23% last year and was at $460 a tonne on 12 February. The Vietnamese 5%-broken variety is about $395 a tonne, higher than $370 for oldharvest Thai grain,‖ Phong said, without giving price forecasts. Rough rice fell 0.3% to $15.81 per 100 pounds in Chicago on Wednesday. Rural incomes Thailand spent 689 billion baht ($21 billion) in the past two years buying from farmers to boost rural incomes. That spurred the buildup in the inventories to 14.7 million tonnes this year from 6.1 million tonnes in 2010, according to the US Department of Agriculture. The programme is set to lapse at the end of this month as Prime Minister Yingluck’s caretaker administration doesn’t have the authority to extend it.Given the caretaker government’s troubles in securing financing to pay farmers for their paddy pledged during the past wet-season crop, it seems likely that they will try to increase sales, said David Dawe, Bangkok-based senior economist at the Food and Agriculture Organization. If they are sold too soon and all at once, the global price will fall, but if they are sold too late then the quality will continue to deteriorate.Thai farmers blocked roads in the provinces and protested in Bangkok this month, urging a faster pace of sales from the stockpiles so that the government can make missed payments to growers. It may take about five years for the state stockpiles to be sold off and a further slump in prices is possible as more of the grain is shipped out, Thai Rice Exporters Association president Chareon Laothamatas said on 5 February. Planned sales ―Thailand plans to sell about 1 million tonnes a month from stockpiles during the first quarter,‖ deputy prime minister and commerce ministerNiwattumrong Boonsongpaisan said on 17 February. ―The government will clear all remaining payments to farmers within six to eight weeks using short-term borrowings,‖ finance minister Kittiratt Na-Ranong said the same day.―Vietnam’s exports are forecast at 6.5 million to 7 million tonnes this year, with shipments of 1.2 million tonnes seen this quarter and 3.5 million in the first half,‖ Phong said. 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 country shipped 6.68 million tonnes in 2013, the lowest level in four years,‖ according to VFA data.―Official exports to China may drop 9.1% to 2 million tonnes this year,‖ Phong said on 14 February, referring to trade tracked by customs. ―Unofficial shipments, not tracked by customs, may slide to 1 million tonnes to 1.1 million tonnes from a range of 1.4 million tonnes to 1.5 million last year,‖ Phong said. Biggest importer China, the world’s largest buyer, will import 3.4 million tonnes in 2014, according to the USDA. Heilongjiang province halted a plan to buy 1.2 million tonnes, deputy prime minister Niwattumrong said on 4 February, citing the province’s concerns about an anti-corruption probe into the programme.―There’s enough evidence to charge Yingluck with negligence for her role overseeing the policy that generated losses,‖ the National Anti-Corruption Commission said on Tuesday. Yingluck will have an opportunity to defend herself before the commission determines whether she will be indicted. The prime minister defended the programme in a national address on Tuesday.―Vietnam’s sales to Africa will drop as India and Pakistan offer cheaper prices,‖ Phong said. ―Shipments were 1.9 million tonnes last year, accounting for about 28% of the total. That’ll decline to 23% to 25% this year,‖ he said.―Shipments from India, the secondlargest producer, will probably expand to a record 11 million tonnes in the 12 months through March,‖ according toM.P. Jindal, president of the All India Rice Exporters Association (AIREA). ―Exports from Pakistan may total 3.4 million tonnes in 2014 compared with 3.5 million tonnes last year,‖ a USDA projection shows. Harvest forecast ―The global rice harvest expanded 0.8% to 469.5 million tonnes in 2013, outstripping demand of 467.1 million tonnes,‖ according to the USDA. ―The surplus—together with record supplies of wheat, corn and soybeans— helped world food costs tracked by the Rome-based Food and Agriculture Organization to drop 15% from a record in February 2011.‖―Vietnam’s total output of unmilled rice this year will be similar to last year’s 44 million tonnes,‖ Phong said. ―In 2015, the harvest may decline 2% to 3% as the government implements a plan to switch more land to other crops,‖ he said. ―The switch away from rice is designed to boost farmers’ incomes, with corn one of the alternatives,‖ Pham Dong Quang, deputy head of the government’s crop-production department, said in an interview in September. ―Any reduction in planting will be mainly in the north of the country as the Mekong Delta in the south will stick to rice,‖ said the VFA’s Phong.―We will try to promote trade in China because it’s our biggest buyer,‖ said Phong, who’s been in the industry for almost four decades. ―But China will definitely demand lower prices from us because of Thailand’s selling pressure.‖ Bloomberg 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
  15. 15. Amira Nature Foods Ltd Announces Third Quarter 2014 Earnings Release Date and Conference Call DUBAI, United Arab Emirates--(BUSINESS WIRE)-- Amira Nature Foods Ltd (the "Company;" or ―Amira‖) (NYSE: ANFI), a leading global provider of packaged Indian specialty rice, will release its third quarter 2014 financial results on Tuesday, February 25, 2014, before market open. The Company will host a conference call to discuss these results with additional comments and details.The conference call is scheduled to begin at 8:30 a.m. ET on Tuesday, February 25, 2014. The dial-in number for this conference call is (877) 407-3982 for North American listeners and (201) 493-6780 for international listeners. Live audio of the conference call will be simultaneously webcast on the investor relations section of the Company's website at http://www.amirafoods.com/. An audio replay will be available following the completion of the conference call by dialing (877) 870-5176 for North American listeners or (858) 384-5517 for international listeners (conference ID 13576708). The webcast of the teleconference will be archived and available on the Company’s website. About Amira Nature Foods Founded in 1915, Amira has evolved into a leading global provider of packaged Indian specialty rice, with sales in over 40 countries today. Amira sells Basmati rice, premium long-grain rice grown only in certain regions of the Indian sub-continent, under their flagship Amira brand as well as under other third party brands. Amira sells its products primarily in emerging markets through a broad distribution network. Amira’s headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore, the United Kingdom, and the United States. 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