Friday 30 September 2011

Floodwaters causing havoc in the Mekong Delta

Soldiers assist farmers in consolidating the dykes                 
The floods that have hit the Mekong Delta has claimed seven lives so far and inundated thousands of hectares of rice crops as well also causing sever damage along the dyke routes. In the An Giang Province some 2000 houses have been submerged and 600 are on the verge of collapse. Also in the An Giang Province 11,000 people have been mobilised to make emergency repairs and to fortify 370 kilometers the dykes. Read more ...
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New rice varieties with an extended life cycle

A Bangladeshi scientist has cultivated and developed a new type of rice that has an extended life cycle, one plant can give three crops. The yield of this new rice plant could be four times higher than traditional varieties, that would help boost food security in South Asia and beyond. Abed Chaudhury, a genetics expert who has worked with the Australian National Rice Research Institute for the past 20 years described its as a second life or extended life for the plants. Another plus side to this new development is that these plants produce less greenhouse gas emissions. Read more ...
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Indian Banks see opportunity in trade of non-Basmati rice

Banks in India are knocking at the doors of the regulators, trying to get approval to open branches in Dhaka, the capital of Bangladesh. Earlier this month, the government had lifted a four-year ban on the shipment of wheat and non-Basmati rice to provide a way out of the space crunch in warehouses. "We see the lifting of the ban of non-Basmati rice as an opportunity for us to be involved in funding for trade. We have approached the regulator for opening a branch in Dhaka," said a senior Allahabad Bank official. Read more ...
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Thursday 29 September 2011

Philippines worry over rice crop damage after Typhoon Pedring

The damage Typhoon Pedring has caused to the rice crops has been worse than originally thought with many of the provinces heavily flooded, having shown a bigger crop damage. National Food Authority (NFA) Administrator Angelito Banayo "I'm really quite worried about this. We're praying that what we've seen this week is the worst." Read more ...
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Pakistan, India to export rice to Indonesia

After the breakdown in negotiation with Thailand over rice imports, Indonesia looks towards India, Pakistan and Vietnam to import rice from. “Now, rice has been available at the international market, including in Vietnam, India and Pakistan,” said the minister for economy Hatta Rajasa. Indonesia plans to increase its stockpile of rice from 1.5 million tons to two million and it could be increased to 3.5 million tons if the Indonesian government has enough funds. Read more ...
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After a normal monsoon season India looks to reap the rewards

After four months of monsoon rains as they finally draw to an end leaving behind them India's fields over flowing with crops, grains, sugar and cotton that may well help the Country to curb high food prices and could leave plenty for export in 2011/12. India is on track to cultivate a record 245 million tons of grain, that's an increase of 1.4 percent up on last years crop. The bumper crop will help reduce price volatility and bring relief to several Asian importers who are trying to combat food-led inflation. Read more ...
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Wednesday 28 September 2011

India lifts ban on none basmati exports

Over the past year rice has beaten corn and soybean in exports, but that is soon to change as India restarts exports of non basmati products after lifting a ban. Buyers like Indonesia brought less than expected, "there is a short term fear that India may enter the white rice market" said Jeremy Zwinger, chief executive officer of The Rice Trader, a weekly industry report based in California. Still, “with Thailand staying strong on the price intervention, there may be a reversal of ideas as India sells quantity very quickly.” Read more ...
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Taiwan feed group agrees to buy US corn

22 members of the Taiwan Feed Industry Group has agreed to purchase 303 million bushels to 413 million bushels in the next two years. The group signed a letter of intent with the Illinois Corn Growers Association and the Illinois Soybean Association.  The Taiwanese delegation also included representatives from Taiwan’s Vegetable Oil Manufacturers and Oilseed Processing Association, signed a similar letter of intent to buy 118 million bushels of US soybean. Read more ...
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Thailand cancels large rice deal with Indonesia

An agreement to supply rice to Indonesia was cancelled by the present government of Thailand, the cancelled contract was made under the previous government. Thailand new policy is to pay over the odds to the farmers for their rice, however many think this policy is doomed to failure. An economist Samarendu Mohanty with the International Rice Research Institute has said in a radio interview that it is possible that more contracts will be cancelled in the future It all depends on how Thai wants to run this program. We really don't know a lot of insight into the program, how it will be implemented at this point. Read more ...
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Monday 26 September 2011

Warning of crippling cost in rice plan for Thailand

Under the government plan to return to a rice mortgage subsidy program, the former deputy prime minister Mr Devakula has warned the present government that it could cause a return to the loophole ridden problems of the past. The threat of taxpayers being hit with a 250 billion baht (€5.95 billion) bill and the program could also lose Thailand its status as the worlds top rice exporter. Both unhusked or white rice would be 15,000 baht (€356.882) per ton and jasmine at 20,000 baht (€475.843) per ton. The prices are about 5000 baht (€118.961) over the market value, the Yingluck Shinawatra government plan on launching the rice mortgage subsidy program next month. Read more ...
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Friday 23 September 2011

China new breed of super rice not ready for cultivation

Its may take some time before China's super rice is cultivated on a large scale "The super rice requires a certain planting environment, and we are now targeting 2 million to 2.5 million hectares of high-yield fields in China," said Liu Shi, chief executive officer of Yuan Long Ping High-Tech Agriculture Co Ltd. Some agricultural experts are say that it could take three to five years for the widespread planting of the super rice begins. Read more ...
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Tequ Group invests $10 million in feed factory in Vietnam

A Chinese company Sichuan Tequ Group has invested US$10 million (€7.405 million) in a new feed factory, in the northern part of Vietnam. This is the largest Chinese investment in Vietnam of its kind, the new facility will produce 400,000 tons annually. Hoang Kim Giao, director of the Livestock Breeding Department under the Vietnamese Ministry of Agriculture and Rural Development, said "Vietnamese government has always attached great importance to the development of livestock breeding industry, as the current feed market in Vietnam is still in short supply". This investment brings advanced feed production. Read more ...

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Thursday 22 September 2011

Indonesia topples Malaysia as SE Asia top Corn importer

Indonesia is set to become South East Asia's top corn importer this year, this will end Malaysia 15 year run, this is due to rising poultry demand and a poor domestic crop, the US Grains Council said on Monday. As the largest economy in SE Asia Indonesia will be likely to import 3.2 million tons of corn as opposed to the 1.6 million imported last year. One reason for this growth is that over the past year Indonesia has had bad weather and lots of wet conditions. Poultry is the growth driver due to consumption picking up at the same time, Indonesia, which has some 240 million people, is expected to post economic growth of about 6.6 percent this year, boosted by domestic consumption and mineral exports. Read more ...
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Victam Asia feed expo is nearing

Fiaap Asia, Victam Asia & Grapas Asia 2012 will soon be here, the show is due to open from February 15 to 17 2011. The Venue for this major international expo will be the purpose built exhibition and conference center of BITEC - the Bangkok International Trade and Exhibition Center. Easier access to the BITEC center has been made possible due to its connection to the BTS skytrain Sukhumvit Line from On Nut  to Bearing. Visitors will be able to get off now at Bang Na Station where there is a direct covered walkway to the BITEC Center. Victam Asia is Asia's largest exhibition for specialists as well as ancillary equipment and technology that is important to produce animal feeds, aquafeeds and dry petfood. Read more ...
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Rice pricing plan in Thailand creates global uncertainty

In the near future Thailand's government will begin a new major pricing scheme for rice that could have a huge impact on the world's largest rice exporter. This pricing scheme could effect Thailand's position as the worlds top rice exporter, allowing rival countries such as India and Vietnam. The original idea for this scheme came from a promise by the then Pheu Thai Party to secure votes in the elections. The pricing scheme will see the government pay 50 percent higher prices for white rice and for fragrant rice. Already four million farmers has signed up for the new scheme. The UN Food and Agriculture Organisation economist David Dawe says well the higher pricing may lead to higher product in the longer term, there is uncertainty as to what the program's full effect will be. Read more ...
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