NFA to defer rice imports to shield local farmers from price decline

QUEZON CITY, July 1(PIA) -– The National Food Authority (NFA) is deferring the arrival of rice imports to protect local farmers from the scare of a looming price depreciation due to the abundance of rice supply for the next three months. In the Communication and News Exchange (CNEX) Forum held at the Philippine Information Agency (PIA) Conference...

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Vietnam exported 3.5 million tonnes of rice in H1

Vietnam exported 3.5 million tonnes of rice in the first six months of this year, earning US$1.7 billion, according to the Vietnam Food Association (VFA). The VFA reported that farmers in the Mekong delta, Vietnam's largest rice bowl, have harvested over 210,000 ha of rice out of the total cultivated area of 1.6 million ha in the 2010-2011...

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Rice Supply Tightening in China May Boost Imports, Inflation

June 30 (Bloomberg) -- Rice supply in China, the world’s biggest grower and consumer, may decline after drought and floods damaged crops, potentially boosting inflation and increasing imports. The early indica harvest may drop in some areas, said eight of 12 officials, traders and farmers surveyed by Bloomberg News in Hunan and Jiangxi provinces,...

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Rice output may not be enough: IRRI

The global rice harvest will likely be just enough to meet demand, leaving little cushion for any losses from drought in China or potential monsoon problems in India, the International Rice Research Institute said. Rice output may be 450 million to 460 million tonne in the 2011-2012 season, with demand forecast at 450 million tonne, said...

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Silver prices settle, but sales continue to soar

The great silver rush of 2011 is charging ahead, even though the price of the precious metal has dropped from record highs. Last month, silver prices skyrocketed to an all-time high of $48 an ounce, causing many Americans to rifle through their jewelry boxes, attics and drawers for old necklaces and other silver trinkets. Silver is now...

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Cambodia's royal oxen fail to predict rice harvest

PHNOM PENH (AFP) – Cambodia's royal oxen shunned rice grain on Saturday during an ancient ceremony to predict the country's agricultural fortunes -- prompting fears of a poor rice harvest among superstitious farmers. King Norodom Sihamoni presided over the ritual in a park outside the palace where thousands of people watched royal astrologers...

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Vietnam rice exports rise 20% year to date

HANOI - Vietnam's rice exports so far this year have reached 2.87 million tons, a rise of 20.6% from a year ago, the Vietnam Food Association said. That reflects deals Vietnam signed earlier this year with the Philippines, Indonesia and several African countries. However, rice prices in Vietnam and elsewhere in Asia may ease in coming weeks...

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India: Ban on rice exports lifted

HYDERABAD: A bumper rabi crop coupled with lack of godown space with both government agencies and millers has forced the state government to lift ban on export of raw rice for a period of two months. Though the government claims that this measure has been taken with a view to ease the pressure on godowns to accommodate fresh rabi crop...

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Philippines to reap record rice harvest

MANILA, Philippines (Xinhua) - The Department of Agriculture (DA) expects to produce record riceharvest in the first semester of 2011 as a result of the good weather, the country's agriculture department said in a statement on Saturday. The DA said Cagayan Valley is seen producing 1.22 million tons of palay in the six-month period or 31.4...

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China expects higher rice planting acre amid on-going drought

BEIJING, May 21 (Xinhua) -- China may see increased planting acre of early rice this year, though drought has not been relieved in some areas, said a statement on the website of the Ministry of Agriculture on Saturday. China is expected to plant 88.5 million Mu (5.87 million hectares) of early rice this year, about 1.6 million Mu more than...

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Rice production to increae 32% on higher yields, expanded area

MANILA, Philippines — The Philippines' unmilled rice output in the third quarter is forecast to rise 32 percent from a year ago to 3.49 million tonnes as better rains result in higher yields from an expanded harvest area, the Bureau of Agricultural Statistics (BAS) said yesterday. The projected growth in July to September, a lean period...

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Rice overimported in last 3 years of Gloria Macapagal-Arroyo

MANILA, Philippines—The Philippine government overestimated the yearly rice consumption by every Filipino, leading to overimportation in the last three years of the Gloria Macapagal-Arroyo administration. An audit team tapped by the National Food Authority(NFA) to review its rice importation program, debt and losses said the agency’s private...

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Adding value to rice through greater innovation

The National Innovation Agency (NIA) has for years promoted the use of innovation and technology in developing rice into a variety of products to sell at a higher value. Its objective is to encourage sales of the grain in grammes, not by the tonne or in bulk. Even though Thailand tops in the global rice industry with more than 9 million...

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CBOT Updates: Rice ends higher

MUMBAI (Commodity Online): US rice futures finish higher with corn and wheat as the grains strengthen on weather worries. Traders will digest planting data from the USDA in a weekly crop report due at 4 p.m. EDT. Rice planting is expected to remain behind normal after getting off to a slow start due to wet weather. A week ago, 57% of the...

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Govt may look at raising rice prices in Aug/Sept '11: KRBL

The rice stocks have been quite active today. They have been doing very well in trade. Anil Mittal, CMD of KRBL and Gurnam Arora, Joint MD of Kohinoor Foods, in an interview with CNBC-TV18’s Anuj Singhal and Sonia Shenoy, gave their perspective on the rice stocks and how the are expected to do going forward. Below is a verbatim transcript...

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