Rice

Paddy harvest in Assam expected to be 75 lakh metric tonnes in 2017

The National Cooperative Dairy Federation of India buy 3,000 tonnes of de-oiled rice bran through a reverse electronic auction. The commodity, used as cattle feed, bought on behalf of Karnataka Milk Federation. The federation has nearly 200 dairy cooperatives as its members, has developed an online trading platform to purchase feed stock and sell dairy Products.

Dairy body to buy 3,000 tonnes de-oiled rice bran.

Rice prices go up if government bans imports of the staple grain. Stopping all rice importation is a dangerous policy that lead to significant shortages and increased rice prices. And it needed to buy 490,800 tons of rice to boost its stockpiles that have fallen below the required level ahead of the July to September lean harvest season.

Rice prices to rise if imports stopped in Manila (Philippine).

Flash floods in the greater Sylhet region have taken its toll on farmers and created a shortage of paddy for small to medium-sized rice mills. The Haor areas in northern Sylhet account for nearly 10% of the total cultivation area of about 4.8 million hectares this year and the flooding has adversely affected about 140,000 hectares. The mills usually stock up near the end of the season, which is not happening this season due to unexpected floods and only the big millers are well stocked with paddy. It all boils down to is a rise in retail prices of coarse rise in Dhaka by nearly 6.5% over a week and there is upward price rise of such rice in other parts of the country.

Rice prices soar amid flash floods Sylhet (Bangladesh).

National Food Authority has appealed to the NFA Council to allow the importation of rice, as the deficit in its buffer stock stands at 9.8 million bags, equivalent to 490,800 metric tons (MT). NFA to maintain a buffer rice stock good to last for 15 days at any given time and for 30 days at the onset of the calamity-prone lean months, based on the daily consumption requirement of 32,150 MT. NFA needs an additional 490,800 MT of rice to meet the mandated volumes for food security. This additional stock to come from local produce, cannot compete with the private traders who are offering prices much higher than the government’s P17-per-kilogram support price.

National Food Authority in Philippine pegs deficit in govt rice stocks at 490,800 MT.

Rice prices edged up as large millers are cashing in on crop losses, caused by the recent flash floods in the greater Sylhet region, amid depleting stocks from previous harvests and low imports. In Dhaka, retail prices of coarse rice such as the swarna variety ise to a new level of Tk 40-42/kg, up 6.49% from Tk 37-40 a week ago. Prices of the medium and fine categories of the staple also went up between 1.96 percent and 4.65 percent in the last one week. The flood has affected 1.40 lakh hectares of paddy in the fields. Speculation over delayed harvest for the bad weather is another reason for the recent price spiral as farmers, small and medium millers and wholesalers do not have paddy stocks. Govt can reduce the import duty on rice to encourage imports and increase the supply in the market. Rice imports by private traders slumped 65 percent to 76,600 tonnes in July-March of the current fiscal year from the same time last year, after the government hiked the duty from 20% to 28% to ensure that growers get fair prices for their produce.

Rice prices rise on flash floods in Sylhet (Bangladesh).

According to Nigeria Customs Service, it has restricted the exit of rice from Free Trade Zone in the country to ensure total compliance to the ban on the importation of rice. Due to the high level of security along the border lines, some Nigerians were taking advantage of the status of the Free Trade Zone to smuggle rice into the country.

Customs restricts exit of rice from free trade zones Abuja (Nigeria).

All arrangements were made for procurement of paddy during Rabi season in the State to ensure minimum support price to farmers. Paddy procurement operations would commence from the next week. The arrangements for procurement of paddy in Rabi season stating that 3,076 paddy purchase centres were opened, during Rabi last year, the corporation procured 8.42 lakh MT of paddy through 1,288 purchase centres. Paddy purchase centres target of procurement of 37 lakh MT. Market arrivals of paddy will be 11.35 lakh MT in April 18.92 LMT in May and 7.57 LMT in June.

Telangana Govt all set to start paddy procurement.

China donates 12,173 tonnes of rice to Zimbabwe to assist vulnerable people that were affected by drought. Donated rice was expected to come in the country by June.

China donates Over 12,000 Tonnes of Rice to Zimbabwe.

Rice basmati prices rise up at the wholesale grains market following pickup in demand. Pick-up in demand from retailers against restricted supplies from producing regions, mainly led to the rise in rice basmati prices.

Rice basmati extends gain on strong demand.

Philippine rice production in the first quarter expanded by 5.34 percent to 4.14 million metric tons (MMT), from the 3.93 MMT recorded in the same period last year. The increase in production could be attributed to good weather and the use of high-yielding hybrid rice seeds. A total of 4,142,960 MT was harvested from an area of 997,687 hectares in the first quarter, compared to only 3,932,292 MT, from a bigger area of 1,081,096 hectares during the same period in 2016. Mali (West Africa) expects 8% increase in rice output to 3 million tonne in 2017/18. Mali expects to increase its rice output to 3 million tonnes in the 2017/18 season, about 8% more than the previous crop. Mali (West Africa) is second biggest rice grower after Nigeria. The ministry showed 2.78 million tonnes of rice were produced in 2016/17. The forecast of three million would be over an area of 947,878 hectares cultivated.