Published on March 5, 2014
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Be the part of Rice plus authors Visit: www.ricepluss.com,www.publishpk.net email@example.com,firstname.lastname@example.org TOP Contents - Tailored for YOU Latest News Headlines… The Artist and the Engineer: Leonardo da Vinci Revolutionized Rice Production in Italy Italy Rice Exports Up 13% from Last Year Oryza U.S. Rough Rice Recap – Freezing Rain Brings Market to a Stand Still Oryza Rice Currency Analysis for Today – Thailand Baht Rallies 0.6% Rice Dolls Facilitate Family Bonds Oryza Global Rice Quotes Oryza Afternoon Recap – Chicago Rough Rice Futures Firm as Outside Markets Provide Support FAO Rice Price Index Increases 5% in February 2014 Due to Higher Japonica Prices Oryza Overnight Recap – Chicago Rough Rice Slightly Lower as Lack of Demand Weighs on Market Peru MY 2014-15 Rice Production Forecast at 2.1 Million Tons; Down 3% from Previous Year Oryza Takes a Look at Vietnam Major Rice Export Destinations in 2013 Qatar Tenders to Purchase 750,000 Sacks of Basmati Rice 1121 India Southern State Karnataka Criticized for Lapses in Rice Procurement for PDS Thailand Election Commission Approves $613 Million Fund from Central Budget to Pay Farmers Vietnam Rice Sellers Lower Most of Their Quotes Today; Thailand Rice Sellers Lower Some of Their Quotes Better Seed Supply Can Help Nigeria Paddy Rice Production Reach 13 Million Tons by 2018, Says Agriculture Secretary Oryza U.S. Rough Rice Recap – Market Steady, Despite Drop In Futures; Iraq Issues New Tender Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
NEWS DETAILS: The Artist and the Engineer: Leonardo da Vinci Revolutionized Rice Production in Italy Mar 04, 2014 Rice production in Italy has a long, interesting story, which includes the fascinating and talented Leonardo da Vinci. After his years in Florence learning sculpture and painting from Verrocchio, he was called in Milan by Duke Sforza, Ludovico il Moro.Leonardo introduced himself to the duke not just as an artist, but also as an engineer, a product of his varied genius applied toward the study everything that was around him. The duke was often in Vigevano, a city the duke wanted to change into the ideal Renaissance town; the town’s beautiful Piazza Ducale, one of the wonder of Italian Renaissance, is the consequence of his efforts. Leonardo worked for the duke in 1493-1494, visiting the countryside outside Vigevano and Lomellina, where drainage, irrigation, and hydraulic works were bustling by order of the duke, whose family started planting rice after reclaiming marshy lands. Writings by Leonardo describe the so called "Vigevano ladder” used to drain very deep marshes, which could be used for rice farming. Leonardo also made notes estimating expenses for building a canal, sketching some of the construction details. Later such a ladder was constructed and can still be seen in a channel in Vigevano rural area, lasting for centuries. Some months ago it broke down, but efforts on are underway to restore it as soon as possible.The reclaiming of marsh and woodland in the area, and likely elsewhere throughout Europe and the world, were a product of Leonardo’s original ideas.Many of them can still be seen in Mulino di Mora Bassa, in Vigevano, a special museum dedicated to water canalization and to Leonardo's revolutionary machines. In other drawings, Leonardo projected a dredging machine for “digging the earth” from the bottoms of locks and canals. The machine bore four “shovels,” moved by a crank to collect mud and deposits.His notes also Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874
include calculations about the yields of mills, expense estimates for various parts, and sketches of gears intended to improve the mechanical operation. In addition, Leonardo recorded some of the many applications, besides agriculture, for which mills could be used. Tags: italy rice production Italy Rice Exports Up 13% from Last Year Mar 04, 2014 Italy’s milled rice export tonnage is up from last year. From September 1, 2013 to February 25, 2014 Italy has exported 59,574 tons of rice, up about 13% from only 51,976 tons of milled rice exported in the same period last year.The biggest destination is Turkey, which imported 20,435 tons in crop year 2013/2014, ( up 16% y/y); Lebanon purchased 9,371 tons ( up 42% y/y); Switzerland is almost unchanged with 7,365 tons in 2013-2014 and 7,488 tons in 2012-2013; the U.S. is also almost unchanged with 6,017 tons in 2013-2014 and 6,258 tons in 2012-2013; Serbia imported 2,587 tons (up 50% y/y), Albania 1,709 ( up 73% y/y ).Italian milled rice was exported also to Australia, Kosovo, Brazil, Russia, Canada, Montenegro, Syria, Norway, Israel, Iraq, Libya and others. Most of Italy’s rice exports were Long A varieties (41,504 tons, up 5% y/y), followed by round varieties (10,652, up 53% y/y) Long B varieties (5,834 tons, up 38% y/y), and medium varieties (1,584 tons, down 62% y/y). Tags: italy rice exports, italy rice production Oryza U.S. Rough Rice Recap – Freezing Rain Brings Market to a Stand Still Mar 04, 2014 The U.S. cash rice market was brought to a standstill today after a severe winter storm brought with it freezing rain making it difficult to move rice in some areas and impossible in others.As of today, old crop offers could still be found around $15.55-$16.11 fob farm (about $343-$355 per ton) depending on where they are located and how quickly they could ship.Bids from larger mills increased slightly today to around $14.95 per cwt (about $330 per ton) while bids for exporters were unchanged near $15.55 per cwt (about $343 per ton), both for March delivery, however no trades were reported today. Tags: U.S. rice market, U.S. rice prices Oryza Rice Currency Analysis for Today – Thailand Baht Rallies 0.6% Mar 04, 2014 Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
U.S. dollar index was up +0.10% from the open today, when it traded at 80.162 at the close. Euro was stronger +0.02% by the close, trading around 1.3737 by end of day, after trading between an intraday high of 1.3782 and low of 1.3721. Markets are still very focused on the situation in Ukraine, although the tension appears to be easing. Thai baht was stronger +0.58%, trading at 32.344 at the close of business. Indian rupee was +0.30% stronger at 61.8562. Brazilian real was unchanged at 2.3443 reais per dollar. Pakistan rupee was +0.10% stronger at 104.8450. Vietnamese dong was stronger +0.01% at 21100. Mexican peso was stronger +0.45% today, when it traded at 13.2733 pesos per dollar by the close of business today. Chinese yuan was stronger +0.04%, trading at 6.1431. Argentine peso was unchanged at 7.8715 pesos per dollar. Tags: foreign exchange rates Rice Dolls Facilitate Family Bonds Mar 04, 2014 Two pounds. That’s more than many premature babies weigh when they are born; with most premature babies spending the first part of their lives in an incubator, those two pounds can be hard to fathom for an older brother or sister, who might have trouble bonding with the new baby at first. A NICU program at Baylor All Saints Hospital in Fort Worth, Texas, hopes to fix this and facilitate bonding between siblings. Using “rice dolls,” NICU Helping Hands works to help siblings understand the health conditions of their new family member and teaches them to be gentle and careful with him or her. Through the program, brothers and sisters of premature babies are invited to create a rice doll by filling a plain white sock with rice until it weighs the same as their brother or sister did at birth. They then swaddle the doll in a little blanket and add plastic eyes, a pacifier, and a baby hat. The children then get to take this doll with them – and many children take it everywhere with them, including to the NICU to visit the babies.NICU Helping Hands hopes that providing the children with a doll version of their sibling helps them realize just how tiny the new baby is. They realize its lightness and fragility, and often they assume a protective role over the doll. In Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874
addition to preparing the older child for the delicateness of the premature sibling, the rice dolls allow the sibling to form a connection with the new brother or sister, something that’s nearly impossible while the baby is in an incubator. They allow the children to address some of their own emotions about the new baby and its health, too, by play-acting with the doll. Some children even name the rice doll after the new baby.NICU Helping Hands has made about 120 rice dolls in the three years the program has been operating. The nonprofit organization also provides support, information, and training for new parents of premature babies. For more information visit: http://www.nicuhelpinghands.org/ Tags: rice dolls, premature babies, Health, Rice Oryza Global Rice Quotes March 4th, 2014 March 4th, 2014 Long grain white rice - high quality Thailand 100% B grade 430-440 Vietnam 5% broken 390-400 ↓ India 5% broken 415-425 ↔ Pakistan 5% broken 395-405 ↔ Cambodia 5% broken 450-460 ↔ U.S. 4% broken 575-585 ↔ Uruguay 5% broken 625-635 ↔ Argentina 5% broken 625-635 ↔ Long grain white rice - low quality Thailand 25% broken 350-360 ↔ Vietnam 25% broken 365-375 ↓ Pakistan 25% broken 350-360 ↔ Cambodia 25% broken 420-430 India 25% broken 360-370 ↔ U.S. 15% broken 550-560 ↔ ↓ ↔ Long grain parboiled rice Thailand parboiled 100% stxd 445-455 Pakistan parboiled 5% broken stxd 405-415 India parboiled 5% broken stxd 400-410 U.S. parboiled 4% broken 660-670 ↔ Brazil parboiled 5% broken 590-600 ↔ Uruguay parboiled 5% broken NQ ↔ ↓ ↔ ↔ Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
Long grain fragrant rice Thailand Hommali 92% 955-965 Vietnam Jasmine 515-525 ↔ India basmati 2% broken 1515 -1525 Pakistan basmati 2% broken NQ ↔ Cambodia Phka Malis 885-895 ↔ Brokens Thailand A1 Super 310-320 ↔ Vietnam 100% broken 345-355 Pakistan 100% broken stxd 320-320 Cambodia A1 Super 350-360 ↔ India 100% Broken stxd 300-310 Egypt medium grain brokens NQ ↔ U.S. pet food 470-480 ↔ Brazil half grain 345-355 ↔ Medium grain milled U.S. Calrose 4% broken Egypt medium grain 6% 620-630 NQ ↔ ↔ ↔ ↓ ↔ ↔ ↔ All prices USD per ton, FOB vessel, oryza.com Oryza Afternoon Recap – Chicago Rough Rice Futures Firm as Outside Markets Provide Support; Macro’s Improve as Geopolitical Tensions Ease Mar 04, 2014 Chicago rough rice futures for May delivery settled 4.5 cents per cwt (about $1 per ton) higher at $15.4300 per cwt (about $347 per ton). Rough rice futures finished slightly higher as the market attempts to recover from steep losses sustained yesterday. Despite closing higher the market remains in technically bearish territory as the previous sessions move has moved prices between the lower Bollinger band and the 20-day moving average, noted at $15.210 and $15.500 per cwt (about $335 and $342 per ton) respectively. Following the losses sustained over the past week, some traders feel that the risk of further losses is limited as prices have mostly been contained to a $15.300-$15.800 per cwt (about $337-$348 per ton) trading range for the past few months. It is widely expected that price action will remain within this trading range and will likely drift higher in the coming days. As mentioned above the 20-day moving average acts as the first point of resistance at $15.500 per cwt (about $342 per ton) and will be closely monitored by market participants. The other grains finished sharply higher Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874
today; soybeans closed about 1% higher at $14.2300 per bushel; wheat finished about 1.9% higher at $6.4350 per bushel; and corn finished the day about 2.9% higher at $4.8425 per bushel.U.S. stocks jumped on Tuesday, with the Dow and S&P 500 bouncing back after their worst hit in a month, as concerns over the Ukraine ebbed. Reported comments by Vladimir Putin that the Russian president had called troops taking part in military exercises close to Russia's border with the Ukraine back to their bases help ease worries of an immediate escalation of military force. The geopolitical friction spurred a run by investors to perceived safe havens on Monday, with gold, the U.S. dollar and Treasury prices rallying. On Tuesday, that trend reversed, although volatility was expected to remain in play as the situation in the Ukraine continues to play out. After a 230-point leap, the Dow Jones Industrial Average was recently at 16,384.58, up 216.55 points, or 1.3%. After clearing its 2014 gain on Monday, the S&P 500 rallied to an intraday record of 1,873.33, and was lately at 1,871.40, up 25.67, or 1.4%. Health care and financials led sector gains that included all 10 of the S&P's major industry groups. The Nasdaq surged 76.23 points, or 1.8%, to 4,353.52. Gold is trading about 0.8% lower, crude oil is seen trading about 1.6% lower, and the U.S. dollar is seen trading about 0.1% higher at about 1:00pm Chicago time.Monday, there were 1,011 contracts traded, up from 552 contracts traded on Friday. Open interest – the number of contracts outstanding – on Monday decreased by175 contracts to 7,389. Tags: chicago rough rice futures, U.S. rice prices, U.S. rice market FAO Rice Price Index Increases 5% in February 2014 Due to Higher Japonica Prices Mar 04, 2014 The FAO All Rice Price Index increased sharply in February 2014, averaging around 237 points in the month, which is up about 10 points or almost 5% from January 2014.The FAO says that while prices for Indica and Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
aromatic rice varieties remained mostly unchanged in February 2014, there was a sharp increase in quotations of Japonica prices due to prospects of lower production in the U.S. and Australia. The Sub-Index for Japonica varieties stood at around 266 points in February 2014, up about 13% from 236 points in the previous month.The FAO also says that rice prices showed mixed trends in February 2014. A strengthening baht helped Thailand rice prices to increase in February 2014, while prices also remained firm in India and Pakistan due to stronger currencies and tightening of supplies in the U.S. and South America. However, prices declined in Vietnam due to lower import demand. Tags: FAO Rice Price Index Oryza Overnight Recap – Chicago Rough Rice Slightly Lower as Lack of Demand Weighs on Market Mar 04, 2014 Chicago rough rice futures for May delivery are currently paused 2 cents per cwt (about $0.44 per ton) lower at $15.365 per cwt (about $339 per ton) as of 8:00am Chicago time. The other grains are seen mixed this morning ahead of floor trading in Chicago: soybeans are currently seen about 0.3% higher, wheat was paused about 1.6% lower, and corn is noted about 0.9% lower.Despite the turmoil in Ukraine, Wall Street looked set to rebound on Tuesday, following the worst day for markets in a month. U.S. stock index futures and shares in Europe pointed sharply higher, following reports that Russian President Vladimir Putin had ordered his troops to cease military exercises along the border with Ukraine and return to base. Russian markets also rebounded, after sharp selling on Monday. Nonetheless, Moscow's forces remained in control of Ukraine's Crimea region, seized after Russian ally Viktor Yanukovich was ousted as Ukrainian president last month. U.S. stock index futures are currently trading about 1% higher, gold is currently trading about 1.3% lower, crude oil is seen trading about 1.1% lower, and the U.S. dollar is currently trading about 0.1% lower at 8:00am Chicago time. Tags: chicago rough rice futures Peru MY 2014-15 Rice Production Forecast at 2.1 Million Tons; Down 3% from Previous Year Mar 04, 2014 Peru's milled rice production is expected to decline to around 2.1 million tons in MY 2014-15 (April – March), down about 56,000 tons or about 3% from an estimated 2.16 million tons in MY 2013-14, according to the USDA Post in Peru. Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874
The Post says that a bumper crop in MY 2013-14 may cause prices to fall and consequently rice farmers may cut down on their plantings in MY 2014-15. Rice production in MY 2013-14 is estimated at 2.156 million tons, up about 3% from an estimated 2.1 million tons in MY 2012-13 due to good weather conditions and sufficient water supplies during the October-December planting season.Peru's rice imports in MY 2014-15 are forecast to increase by 20,000 tons or 9% to 240,000 tons from the estimated 220,000 tons in the MY 2013-14. However, Peru’s rice imports in MY 2013-14 are estimated to decline by 25,000 tons or 10% from 245,000 tons in MY 2012-13.Peru imports 80% of its rice from Uruguay, and the remaining from Argentina, Brazil and Thailand. The country is planning to open its import market for U.S. paddy rice, which is banned for phyto-sanitary reasons by Peru’s sanitary authority (SENASA).The Post says that rice production in Peru is concentrated in the country's northwestern coastal region, but the government is trying to increase production along the eastern slopes of Andes. Total rice area harvested may decline to around 400,000 hectares in MY 2014-15, down about 5,000 hectares or 1% from the estimated 405,000 hectares in the MY 2013-14, which is up about 3% from 380,000 hectares in the MY 2012-13.Average rice yields in Peru are estimated at 7.82 tons per hectare, almost double the world's average yield of 4 tons per hectare. The USDA Post says that some farmers in Peru achieve yields as high as 14 tons per hectare. The per capita rice consumption in Peru is 60 kilograms per year. Tags: Peru rice production, USDA Oryza Takes a Look at Vietnam Major Rice Export Destinations in 2013 Mar 04, 2014 Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
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Asia and Africa remained the most important markets for Vietnamese rice in 2013, accounting for around 90% of all rice exports by Vietnam in 2013.Vietnam’s rice exports to major destinations in 2013 totaled around 6.63 million tons, according to data from the USDA. Asian countries accounted for around 4.1 million tons or about 62% of total rice exports by Vietnam in 2013. Africa was the second largest destination accounting for around 1.83 million tons or about 28% of total rice exports by Vietnam in 2013.Vietnam exported around 480,033 tons (about 7% of total exports) to countries in the Americas; about 206,568 tons (about 3% of total exports) to Europe and CIS countries; and about 20,776 tons (about 0.3% of total exports) of rice to Australia. In December 2013, Vietnam exported around 526,995 tons of rice to major destinations. Asia accounted for around 394,699 tons (about 75% of total rice exports in the month); Africa accounted for about 58,127 tons (about 11% of total rice exports in the month); Americas accounted for about 57,260 tons (about 11% of total rice exports in the month); Europe and CIS countries accounted for about 13,029 tons (about 2.5% of total rice exports in the month); and Australia accounted for about 3,880 tons (about 0.5% of total rice exports in the month).In December 2013, Viet 25% broken rice accounted for around 147,808 tons (or about 28% of total rice exports in the month), while jasmine rice accounted for about 117,857 tons (or about 22% of total rice exports in the month). Tags: Vietnam Rice Export Destinations Qatar Tenders to Purchase 750,000 Sacks of Basmati Rice 1121 Mar 04, 2014 Qatar has issued a tender to purchase 750,000 sacks of basmati rice 1121, according to Qatar’s Central Tenders Committee. The last date for submission of applications is March 10, 2014 and the offer must be valid for 90 days from the date of the opening of envelopes. Tags: Qatar rice tender India Southern State Karnataka Criticized for Lapses in Rice Procurement for PDS Mar 04, 2014 India’s Comptroller and Auditor General (CAG) says that the Food and Civil Supplies Corporation of the southern state of Karnataka did not comply with standard procedures under the government “levy rice” policy while procuring rice from millers in the fiscal years 2011-12 and 2012-13, due to which the Karnataka government had to incur extra costs of about Rs.948.61 crore (around $153 million) to procure rice from the Central Pool.Under the “levy rice” policy, millers have to deposit 33.33% of paddy or 23% the total rice milled with the government at pre-determined prices for public distribution purposes. According to official sources, 5.87 million of tons of paddy were milled in FY 2011-12 and 5.64 million tons of paddy were milled in FY Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
2012-13 in Karnataka. This suggests that the Karnataka State Food Corporation (SFC) had to collect 1.3 million tons of milled rice in FY 2011-12 and around 1.22 million tons of milled rice in FY 2012-13. However, the CAG says that the SFC collected only 203,000 tons in the FY 2011-12 and 59,000 tons in the FY 201213, despite sufficient availability of rice in the state.The CAG also criticized the state government and the SFC for reducing the levy rice procurement target despite the levy order not having provisions to reduce targets for levy collection. According to sources, the Karnataka government lowered the target for levy rice to 300,000 tons in FY 2011-12 and to 350,000 tons in FY 2012-13. It further reduced the levy rice target for FY 2012-13 to 150,000 tons. Tags: India rice procurement, Public Distribution System, Karnataka rice, Comptroller and Auditor General Thailand Election Commission Approves $613 Million Fund from Central Budget to Pay Farmers Mar 04, 2014 Thailand's Election Commission (EC) has approved the caretaker government to use 20 billion baht (around $613 million) from the Central Budget to make payments to the farmers who have not received money under the rice mortgage program, according to the Election Commissioner.However, the Election Commissioner says that the caretaker government has to return the money before May 31, 2014 to avoid a financial obligation on the new government. He says that the money is being taken from the advanced payment made to the Foreign Trade Department.Separately, the Bank for Agriculture and Agricultural Cooperatives (BAAC) has launched three funds to collect up to 20 billion baht (around $613 million) from March 10 to June 30, 2014 to help pay the farmers. One fund is for collecting donations and people can deposit savings in the other two funds. The BAAC would return the funds in the other two accounts to the people at the end of the year. The BAAC branch in one of the provinces has agreed to provide loans of up to 100,000 baht (around $3,066) at 0.58% interest to farmers, according to the branch's Assistant Director.Before the EC approved funds from the Central Budget, the Finance Ministry was planning to issue saving bonds worth 20 billion baht (around $613 million) despite doubts Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section firstname.lastname@example.org Cell # 92 321 369 2874
over the legality of such a move. The Commerce Ministry is also planning to accelerate sales from its stockpiles, which can earn up to 80 billion baht (around $2.45 billion), according to local sources. Tags: Thailand rice mortgage program, Thailand Bank for Agriculture and Agricultural Cooperatives (BAAC Vietnam Rice Sellers Lower Most of Their Quotes Today; Thailand Rice Sellers Lower Some of Their Quotes Mar 04, 2014 Vietnam rice sellers lowered their quotes for 5% broken rice, 25% broken rice and 100% broken rice by about $5 -$10 per ton to about $390 - $400 per ton, $365 - $375 per ton and $345 - $355 per ton respectively today. Thailand rice sellers lowered their quotes for 5% broken rice and parboiled rice by about $10 per ton and $15 per ton respectively to about $415 - $425 per ton and $445 - $455 per ton respectively. India and Pakistan rice sellers kept their quotes mostly unchanged. 5% Broken Rice Thai 5% rice (of new crop) is quoted around $415 - $425 per ton, down about $10 per ton from yesterday, and about a $25 per ton premium over Viet 5% rice shown around $390 - $400 per ton, down about $5 per ton from yesterday. Indian 5% rice is quoted around $415 - $425 per ton, about a $20 per ton premium over Pak 5% rice quoted around $395 - $405 per ton. 25% Broken Rice Thai 25% rice of the old crop is quoted about $350 - $360 per ton, about a $15 per ton discount to Viet 25% rice shown around $365 - $375 per ton, down about $5 per ton from yesterday. Indian 25% rice is quoted about $360 - $370 per ton, about a $10 per ton premium over Pak 25% rice quoted around $350 - $360 per ton. Parboiled Rice Thai parboiled rice of the old crop is quoted around $445 - $455 per ton, down about $15 per ton from yesterday. Indian parboiled rice is quoted around $400 - $410 per ton, about $5 per ton discount to Pak parboiled rice quoted around $405 - $415 per ton. 100% Broken Rice Thai broken rice, A1 Super, of the old crop is quoted around $310 - $320 per ton, about a $35 per ton discount to Viet broken rice shown around $345 - $355 per ton, down about $10 per ton from yesterday. Indian broken sortexed rice is quoted about $300 - $310 per ton, about a $20 per ton discount to Pak broken sortexed rice quoted around $320 - $330 per ton. Tags: Asia rice quotes, India rice quotes, Thailand rice quotes, Vietnam rice quotes, Pakistan rice quotes Better Seed Supply Can Help Nigeria Paddy Rice Production Reach 13 Million Tons by 2018, Says Agriculture Secretary Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
Mar 04, 2014 The Permanent Secretary of Nigeria’s Ministry of Agriculture and Rural Development (MARD) says that the government is aiming to increase paddy rice production to around 13.27 million tons by 2018 under the Coalition for African Rice Development (CARD) initiative, and an improved rice seed sector is important to meet the goal.The CARD initiative was established in 2008 with an aim of doubling rice production in SubSaharan Africa by 2018. CARD is collaboration among the Japanese International Cooperation Agency (JICA), Growing Africa’s Agriculture (AGRA) and the New Partnership for Africa’s Development (NEPAD).The pilot phase of the CARD initiative involves identification of strategies to improve rice seed supply. The Technical Coordinator of the CARD Secretariat says that a stable and timely supply of quality seeds is important for increasing rice production and productivity. Most of the CARD members consider seed sector as one of the priorities to be tackled, he adds.Nigeria is soon expected to pass the National Agricultural Seed Law (NASL), which will include points such as upgradation of available seed testing laboratories to international standards, consistency in agricultural policies, increase in the annual budget of seeds, and timely release of budgetary provisions.Nigeria is aiming self-sufficiency in rice production by 2015. However, this could be a challenge for a country that imports almost 3 million tons of rice per year. According to the USDA, Nigeria's milled rice production is estimated at 2.8 million tons (about 4.4 million tons of paddy) in MY 2013-14, less than half of an estimated domestic consumption of around 6 million tons. Tags: Nigeria rice production, Coalition for African Rice Development (CARD) Oryza U.S. Rough Rice Recap – Market Steady, Despite Drop In Futures; Iraq Issues New Tender As of today, old crop offers were seen steady near $15.55-$16.11 fob farm (about $343-$355 per ton) depending on where they are located and how quickly they could ship. Meanwhile, there were 60 new receipt registrations late on Friday which brought the total amount of receipts on the exchange to 340 (30,940 tons).Bids from larger mills decreased today to around $14.90 per cwt (about $328 per ton) while bids for exporters could still be found around $15.55 per cwt (about $343 per ton), both for March delivery, although it was reported that smaller mills were paying as much as $16.25 per cwt (about $358 per ton) for prompt delivery.In the meantime, the Iraqi Grain Board issued another tender for at least 30,000 tons of rice of either U.S., Uruguayan, Argentine, or Brazilian origin. Bids need to be submitted no later than March 16th and must remain valid through March 20th. For Advertising SPECS & RATES Contact: Advertising Department Mujahid Ali firstname.lastname@example.org; +92 321 369 2874 Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com News and R&D Section email@example.com Cell # 92 321 369 2874
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