5th December, 2013 Daily International Rice E-Newsletter by Riceplus Magazine

5th December , 2013
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TOP Contents - Tailored for YOU Latest News Headlines

JICA extends Y6.18 Billion loan for rice program Rice excluded from free trade agreement Asias rice crops face setbacks from adverse weather Australia, South Korea finalise arrangements for free trade agreement Tariff reductions a win for beef industry but rice misses out Vietnam finds it more difficult to sell rice FAO cuts global rice output target for 13 In Thaksin's rural heartland, millions of farmers pose a quiet threat to traditional politics Commodities Buzz: Thailand Government Sold 6.15 Lakh Tonnes of Rice From Their Reserves Rice millers show no interest to sell at current rates Commodities Buzz: Thailand Government Sold 6.15 Lakh Tonnes of Rice From Their Reserves
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JICA extends Y6.18 Billion loan for rice program
04 Dec 2013 : Written by Cai U. Ordinario
Japan is extending a 6.18-billion (about P2.66 billion) loan to the Philippines to help the government in its efforts to attain rice self-sufficiency.In a statement on Wednesday, the Japan International Cooperation Agency (Jica) said the funds would be used for the National Irrigation Administrations (NIA) National Irrigation Sector Rehabilitation and Improvement Project (Nisrip).The Nisrip aims to increase rice productivity, establish a sustainable operation and maintenance system by upgrading and rehabilitating irrigation facilities, strengthening irrigators associations and providing agricultural support. Through this project, Jica envisions to contribute to the Philippiness food security and improve the living standards of more than 20,000 Filipino farmers, Jica Senior Representative Sachiko Takeda said. The project aims to restore 11,501 hectares and rehabilitate 24,169 hectares of agriculture lands in the country. Eleven national irrigation systems in 10 provinces will be covered by the project, including the Malatgao River irrigation system in Palawan, which was damaged by Supertyphoon Yolanda.
See related story on B4. Other systems covered by the rehab plan include the river irrigation systems of Madongan and Solsona (Ilocos Norte), San Fabian (Pangasinan), Porac-Gumain (Pampanga), Dumacaa (Quezon), Santa Barbara (Iloilo), Muleta (Bukidnon), Mal (Davao del Sur), Lambayong (Maguindanao-Sultan Kudarat) and Simulao (Agusan del Sur).The project, Jica said, will help spur job creation by raising agriculture productivity and boost the countrys agribusinesses. Industry data showed that the Philippiness agriculture sector employs about one-third of the countrys population.Early this year, Jica launched a technical cooperation project with NIA, which focused on improving the operations and maintenance of the countrys national irrigation systems.Since 1974, Jica has supported several official development assistance projects with NIA, including the Groundwater Irrigation Project (1974 to 1980), Bohol Irrigation Projects 1 and 2 (1983 to 2009), Central Luzon Irrigation Project (1998 to 2009), and Bago River Irrigation System Rehabilitation and Improvement Project (2002 to 2010), to name a few.
Rice excluded from free trade agreement

Dec. 5, 2013, 12:30 a.m.
THE Ricegrowers Association of Australia Inc (RGA) is disappointed with the announcement of a free trade agreement (FTA) with Korea which excludes rice.RGA Executive Director, Ruth Wade said the rice industry has worked closely with the Australian Government to develop comprehensive trade agreements including FTAs with Korea, Japan and China and the Trans Pacific Partnership (TPP). Todays announcement that the Government has signed an FTA with Korea which excludes rice is particularly disappointing, said Ms Wade.Australian rice growers are recognised as the most efficient in the world. This announcement punishes Australian growers by preventing expansion into this important market.We have strongly supported the Australian Governments efforts to finalise these trade agreements but only if they are comprehensive, and do not exclude any agricultural products.This is an FTA in name only. Trade agreements with exclusions are not free trade agreements, Ms Wade said.Ms Wade said the Australian rice industry would be concerned if this were to create a precedent for other important trade negotiations that are currently taking place, particularly the multi-lateral TPP negotiations.Given that rice has been excluded in the Korea FTA, our industry is now calling on the Australian Government to ensure that we have access to other important north Asian markets, particularly China, Ms Wade said. Although Australian rice should have access to the Chinese market under World Trade Organisation rules we have been waiting for protocols to be finalised for more than 6 years. This should now be completed as a matter of urgency.
Asias rice crops face setbacks from adverse weather

Thursday, 5 December 2013, 10:29 am Press Release: FAO
Asias rice crops face setbacks from adverse weather, global production growth rate revised down, prices fall.Some markets to fare better than others production gains in Bangladesh, India, Indonesia and Thailand Bangkok, Thailand, 04 Dec 2013 -- Adverse weather in parts of Asia has taken a toll on rice production in a number of countries in the region, the FAO announced today.According to FAOs Rice Market Monitor (RMM) for November, global paddy production in 2013, while still expected to outpace 2012 production, has been revised downward by some five million tonnes to 741.4 million tonnes (494.2 million tonnes, milled basis). The predicted result by the end of the season is that global production will have increased by just 1.1 percent year-on-year, instead of the projected 1.5 percent increase anticipated by the RMM in its July 2013 report. Bad Weather and Drought The deterioration of prospects primarily concerned China, Pakistan and the Philippines, which were hit, in recent months, by erratic climatic events. Storms and typhoons, including super typhoon Haiyan that struck an important rice growing area of the Philippines, have damaged or destroyed crops, though in the case of Haiyan the impact was limited because most of the main crop had already been harvested when the typhoon struck. It was estimated that in combination with other factors, Philippine paddy production in 2013 would be about 18 million tonnes, 900,000 less than last year. There are concerns however about the impact on the present planting season and beyond, given the losses to human life, the displacement of farming families and loss of agricultural infrastructure, such as tools and machinery. Meantime, the drought in Chinas central and eastern provinces has exacted a heavy toll on the intermediate and late rice crops, which may bring about the first production decline in the country since 2003. Japan and Mal aysia could also face a contraction, the RMM reported.These declines are anticipated to be more than offset by increases in production elsewhere in Asia, a region that contributes the bulk of the worlds rice output. The latest forecast for the region is a projected harvest of 672.7 million tonnes (448.6 million tonnes, milled), 1.2 percent more than was garnered in 2012. Bangladesh, India, Indonesia and Thailand are among the regions countries reporting the largest production gains. Trade predictions As regards world trade in rice, FAOs forecast for calendar year 2013 remains unchanged since its July report at 37.5 million tonnes (milled basis), implying a 2 percent contraction from the 2012 record. Faltering demand for rice imports in some countries, partly due to import restrictions or bumper domestic crops, will likely be felt by Viet Nam a major rice exporting country. The RMM goes on to predict that Thailand, given a poor delivery record so far, appears unlikely in 2013 to boost its exports beyond the
relatively low level of last year. Expectations have, instead, improved for India, which may replicate the 2012 record performance, with Australia, Cambodia, China (Mainland) and Pakistan among the countries forecast to export more. Prices fall After holding steady for much of 2013, international rice prices fell markedly in September. The FAO All Rice Price Index (2002-2004 = 100) shed 5 percent of its value that month to 226 points. The index dropped by a further 2 points in October and 1 point in November, when it averaged 223 points.The price weakness was most pronounced in the long-grain segment, where quotations were pressured by thin buying interest and prospects of large main-crop harvests in northern hemisphere countries. The RMM reported: Because the price slide was particularly steep in Thailand, a salient development of the market in recent months has been the convergence of prices across major origins in Asia, which bears important implications for trade in the coming months.
Australia, South Korea finalise arrangements for free trade agreement

Updated Thu 5 Dec 2013, 5:52pm AEDT
PHOTO: Trade Minister Andrew Robb and his South Korean counterpart, Yoon Sang-jick, shake hands after concluding free trade negotiations. (Supplied: DFAT) Australia has concluded negotiations with South Korea for a free trade agreement. The deal, which still needs Cabinet approval in Australia and government agreement in South Korea, will increase Australian exports to Korea by 73 per cent over the coming 15 years, the Federal Government says.Tariffs will be eliminated on Australian agricultural exports to Korea such as wheat, sugar, dairy, wine, horticulture and seafood, as well as resources, energy and manufactured goods.The Government has acknowledged some sectors - including the automotive and steel industries, as well as textiles, clothing and footwear - will face increased competition from Korean imports.Prime Minister Tony Abbott says Korea is Australia's third-largest goods export market and fourth-largest trading partner, with trade between the two nations worth $32 billion in 2012."The benefits of the FTA [free trade agreement] start flowing immediately and will be long-lasting," Mr Abbott said in a statement. AUDIO: Trade Minister Andrew Robb speaks to Anna Vidot(ABC Rural)
"Independent modelling shows the agreement would be worth $5 billion between 2015 and 2030 and boost the economy by around $650 million annually after 15 years."Trade Minister Andrew Robb says the agreement is "world class"."This is the best trading deal that we've done certainly since the United States Free Trade Agreement over 10 years ago," he told ABC Rural."In many respects, it's better for us on agriculture and some other products." Opposition Leader Bill Shorten has welcomed the announcement and has asked for a briefing from the Government."We wish to appreciate the impact upon our budget and our economy, not least of all we want to ensure that Australian jobs are supported and maintained and Australian opportunities are available in the future to make sure our national interest is advanced," he said.The Business Council of Australia says the agreement signals the Australia is open for business and should boost confidence after the Government's decision to block the foreign sale of GrainCorp last week.
Tariff reductions a win for beef industry but rice misses out
Tariffs on Australian beef will be reduced to zero over 15 years under this agreement, the same deal offered to the US.The beef industry says it hopes the agreement will help Australia to be more competitive in the South Korea, Australia's third-largest beef export market.Rice is the only significant Australian agricultural commodity to miss out on a tariff reduction under this agreement, leaving the rice industry fuming.Rice Growers Australia executive director Ruth Wade says the Federal Government needs to make amends, adding that the deal is "free trade" in name only."A free trade agreement has been struck and yet not all products are included," she told ABC Rural."We're extremely disappointed rice has been excluded."The rice industry wants greater consideration in ongoing negotiations for FTAs with China and Japan after being left out of the Korea deal."We are now saying to our government, we got traded off, out of this agreement," Ms Wade said."Please now, as a matter of urgency, address the issues of protocols which would give us access immediately to the Chinese market."
Topics: international-aid-and-trade, trade, business-economics-and-finance, foreign-affairs, government-andpolitics, australia,korea-republic-of
First posted Thu 5 Dec 2013, 2:30pm AEDT
Vietnam finds it more difficult to sell rice

VietNamNet Bridge Vietnam, which could easily obtain the contracts on exporting rice in large quantities two or three years ago, now has to struggle hard to scramble for the right to export every ton of rice. Vietnam has signed a contract on exporting 500,000 tons of rice to the Philippines, which goes for a good price as revealed by the Vietnam Food Association (VFA). Observers said it had to experience a stiff battle of wits with Thailand to obtain the contract.The contract on exporting 500,000 tons of rice has been inked with the Filipino government, which needs to import rice to provide to the 4 million
Filipino people in the areas seriously devastated by Haiyan typhoon in early November.According to VFA, Cambodia gave up the bidding right at the beginning because it could not meet the strict requirements set by the host country. Only Vietnamese and Thai businessmen stayed to attend the bids and scramble for the right to provide every batch of products of the package. Thailand was a strong rival. The big rice exporter had the high inventory volume of tens of millions of tons and showed the strong determination to sell rice to the Philippines. It even cut down its five percent broken rice price to below Vietnams price level to compete with Vietnam.Meanwhile, the only big advantage of Vietnam in the confrontation with Thailand was the experiences of the veteran rice supplier to the Philippines.Vietnam only won the bid of providing 500,000 tons of rice to the country by using its special method, as revealed by some businesses.Experts have noted that it is more and more difficult for Vietnam to export rice to the world in the context of the food oversupply.It was so easy for Vietnam to win the bid to provide 0.5-1 million tons of rice to loyal markets such as the Philippines, Malaysia and Indonesia two or three years ago. Vietnamese businesses won all the bids they joined and provided rice at good prices. They could establish good relationships with the partners and followed their effective diplomatic ways. However, things are getting quite different. Rice import countries nowadays tend not to buy rice under concentrated commercial contracts, but tend to assign private companies to come forward and import rice.It is the big changes in the mechanism applied by the importers, plus the oversupply in the world market which has forced exporters to lower the prices to become more competitive, which have put Vietnamese businesses in big difficulties.In the past, the concentrated contracts were obtained by Vinafood 1 and Vinafood 2, the two biggest rice corporations in the north and the south of Vietnam, and then outsourced to other businesses. Therefore, businesses still could find jobs even though they did not look for importers. Nowadays, as the numbers of concentrated contracts are on the decrease, businesses have to look for export markets themselves, while they lack the capability for international trade negotiation.As a result, a lot of Vietnamese businesses had to sell rice at low prices, which not only badly affected their profits, but also harmed the Vietnams rice production.Vietnams rice in 2012 and 2013 sometimes dropped to the deepest low in the world market, which brought losses to farmers. K. Chi
FAO cuts global rice output target for 13

By Ronnel W. Domingo:Philippine Daily Inquirer
10:35 pm | Thursday, December 5th, 2013
The effects of bad weather in the Philippines, China and Pakistan contributed to a reduction of 5 million tons in the projected global rice output for 2013, according to the Food and Agriculture Organization.The United Nations agency said in a statement it had lowered its growth forecast from 1.5 percent to 1.1 percent, with output seen reaching 741.4 million tons of paddy rice or palayequivalent to 494.2 million tons of milled rice.The deterioration of prospects primarily concerned China, Pakistan and the Philippines which were hit, in
recent months, by erratic climatic events, the FAO said.The Rome-based group noted that storms and typhoons, including Supertyphoon Yolanda (international name: Haiyan) that struck an important rice-growing area of the Philippines, had damaged or destroyed crops.The FAO added that while Yolandas impact on rice farms was limited because most of the main crop had already been harvested when it ravaged the Visayas and adjacent provinces, the Philippines rice output for this year was projected to hit 18 million tons or 900,000 tons less than the 2012 production. There are concerns, however, about the impact on the present planting season and beyond, given the losses to human life, the displacement of farming families and loss of agricultural infrastructure, such as tools and machinery, the FAO said in its latest Rice Market Report.Even then, the forecast global trade volume for milled rice in 2013 remains at 37.5 million tons, which is a 2-percent increase from the 2012 level.Moreover, the decline in the anticipated global production is expected to be offset by output growth in Bangladesh, India, Indonesia and Thailand.The FAO is currently preparing an appeal for the global community to raise funds that would help rehabilitate Yolanda-hit areas in the Philippines, particularly agricultural areas.The group launched on Nov. 12 a flash appeal to raise $24 million in funds, but with damage assessment giving a clearer picture of the devastation, the FAO plans to call for a bigger amount.
In Thaksin's rural heartland, millions of farmers pose a quiet threat to traditional politics
Ex-PM Thaksin a saintly figure in rural Thailand
By TIM SULLIVAN | ASSOCIATED PRESS | Dec 5, 2013 4:40 AM CST in World
Here, in a village where electricity is still a novelty, they'll quickly tell you who was responsible for bringing change to this long-neglected corner of Thailand.Thaksin Shinawatra is a former prime minister, a billionaire businessman and the brother of the current prime minister. He has lived for years in luxurious, self-imposed exile in Dubai, but is still widely seen as Thailand's most powerful politician. He is despised by his opponents among Thailand's traditional elite, who disdain him as a corrupt leader who spent billions of the government's dollars to amass a huge following among the poor and uneducated.But around here he is a saint."Ten years ago, the road you drove on to get here was dirt. There was no electricity, there was no irrigation," said Pichai Poltaklang, a retired primary schoolteacher and local organizer for Thaksin's political movement, commonly known as the "Red Shirts." He ticks off government programs: the virtually free health care, the low-cost education loans, the old-age pension. "Before
Thaksin came to power we were left out."As Thailand faces an immense social and political divide, a schism pitting the rural poor against a traditional urban elite that has again ignited bloody protests in the streets of Bangkok, places like Kambon are at the heart of Thaksin's power.There are tens of thousands of villages like this scattered across Thailand's north and northeast, and millions of villagers who Thaksin can call upon if the scattered protests of recent weeks descend into full-scale street violence and his sister's government is threatened.If no one here is calling for bloodshed, a quiet threat is always implicit. Occasionally, it's explicit."Across the northeast we can seize every government office in every town, in every city, in every province," said Thongplean Boonphunga, a middle-aged rice farmer. The elite may deride Thaksin's followers as uneducated bumpkins, but, she notes, the country people have numbers on their side."They can't control the whole country. We can," he said.Kambon is in Thailand's northeast, a sprawling, populous region of rice paddies and small farms that was long ignored by successive governments in Bangkok. As Thailand's economy boomed, and the country became one of Southeast Asia's financial powerhouses, millions of farmers struggled in villages that had barely changed since the days of their grandparents.But that changed under Thaksin, who was born in the north, and who used millions made as a telecommunications magnate to vault himself into politics. He became prime minister in 2001.To his rural followers, Thaksin is a man who understands their plight and looked for ways to improve their lives.To his many critics, he took a cold look at Thailand's demographics, focusing on populous but poor regions where he knew government spending would make an immediate impact and bring followers. The followers came in droves."The Thaksin government gave them concrete moments in their lives" where they saw real change, said David Streckfuss, an American scholar based in Thailand. "They also realized their power" in electing him over and over, he said.Thaksin quickly became Thailand's most popular politician, with that popularity holding on tightly after he was ousted in a 2006 military coup, and then after he went into exile to avoid a corruption conviction he says was politically motivated. He has not been back to Thailand since 2008.The 2006 coup split Thailand's social divisions wide open, and set the stage for years of on-and-off political turmoil. Since then, elections have been interspersed with carefully orchestrated chaos, weather by Thaksin's "Red Shirts" or by the "Yellow Shirts" of the traditional elite.The most recent trouble began in November, when the ruling party _ led by Thaksin's younger sister, Prime Minister Yingluck Shinawatra _ tried to push an amnesty bill through Parliament. Critics said it was designed to allow Thaksin back into
Thailand.Even though the government backed down on the amnesty bill, protesters flooded into government buildings, trying to force the collapse of Yingluck's government. The protesters, led by former Deputy Prime Minister Suthep Thaugsuban, say Thaksin voters are easily swayed by his populist policies, and they are demanding the creation of an unelected "people's council" to administer the country.The political standoff resulted in three days of intense clashes between protesters and police. But the clashes abruptly ended Tuesday and both both sides called an informal truce to celebrate the revered king's 86th birthday on Thursday.While he used his annual birthday speech to call for stability, King Bhumibol Adulyadej made no direct comments on the political crisis.In Kambon, like everywhere else in Thailand, they're waiting to see what will happen Friday, when the enforced unity of the royal birthday is over and politics will again rule. The autumn harvest is underway, and in the fields the air is sweet with the smell of freshly cut rice stalks.No one here is eager for protests now, when there is so much work to do _ major Red Shirt protests tend to coincide with the spring hot season, when farmers have more free time _ but protest leader Suthep Thaugsuban has vowed that "our battle" will resume on Friday.So they are closely watching what is happening in Bangkok.Noothuan Wongthong, a 52-year-old farmer with a lilting voice and wool gloves to protect her hands from the dried rice stalks she hacked with a hand-made sickle, was working for a neighbor on a recent morning. Like her neighbors, she can quickly list programs that have benefited her: the guaranteed price for rice, the loans, the medical care that has paid for repeated blood tests after she began to grow strangely tired. She worries what will happen if protesters drive Yingluck from power.She's got a new Yamaha scooter, and a 27-inch TV. She gets more money when she sells her own rice, and is paid more when she works for other farmers. She doesn't want to lose her grip on the lower rungs of Thailand's middle-class life."Before Thaksin, the money never reached us here," she said. "Now it does."
Commodities Buzz: Thailand Government Sold 6.15 Lakh Tonnes of Rice From Their Reserves
Capital Markets:09:52:00, Dec 05, 2013 The government has sold around 615,000 tonnes of stockpiled rice to local entrepreneurs for 12.3 billion baht, and the money will be used to repay the Bank for Agriculture and Agricultural Cooperatives, the Foreign Trade Department announced.Director-general Surasak Riangkrul said the sale includes fragrant rice, 100% white
rice, 5% white rice, 10% glutinous rice and broken rice.Several buyers were involved, such as CP Rice, Asia Golden Rice, Capital Cereal, Royal Richy Rice and a group of exporters under the Thai Rice Exporters Association.He said off loading stockpiled rice at this time would help the government repay 30 billion baht owed to the BAAC in the final quarter of 2013. The sub-committee approving the rice sale had urged the Public Warehouse Organisation and Market for Farmers Organisation to speed up repaying the money to the BAAC.Mr Surasak said he believed Thailand would be able to export more rice in the final quarter as a result of the government's stockpile release via government-to-government deals and sales to local rice traders. Thailand exported 5.68 million tonnes of rice during the period Jan 1 to Nov 20, 2013 for US$3.82 billion (114.77 billion baht). This was a decline of 8.78% in exports and 10.16% in terms of value year on year.Mr Surasak said he expected Thailand would be able to export up to 8.5 million tonnes of rice in 2013 in total, for a return of $5.7 billion (171.34 billion baht).For 2014, he predicted rice exports of at least 8 million tonnes worth $4.8 billion at an average price of $600 a tonne.The government's projections are much higher than the private sector's, which predicts the country will ship only around 7 million tonnes of rice in 2013. Powered by Commodity Insights
Rice millers show no interest to sell at current rates

KARNAL, DEC. 5:
After witnessing a continuous fall over the last few days, Pusa-1121 varieties improved on fresh buying, while other aromatic and non-basmati varieties managed to maintain their previous levels on moderate buying on Thursday.Amit Kumar, proprietor of Ginni Rice, told Business Line that bulk buyers have taken advantage by buying at lower levels.Though, Pusa-1121 varieties have witnessed some recovery, any further major uptrend at present is unlikely, he said.A sluggish trend prevails in the market, said Tara Chand Sharma, proprietor of Tara Chand and Sons. Bulk buyers and retailers are not interested in building inventories and they are placing orders based on their requirement.Rice millers are also not showing much interest in selling at current levels, he added.Market may continue to witness a range-bound movement in the coming days. In the physical market, Pusa-1121 (steam) improved by Rs 300 to Rs 8,800, while Pusa-1121 (sela) went up by Rs 250 to Rs 7,750-7,800 a quintal. Pure Basmati (Raw) quoted at Rs 12,500 . Duplicate basmati (steam) sold at Rs 7,500 . Sharbati (Steam) sold at Rs 5,000-5,100, while Sharbati (Sela) quoted at Rs 4,650 .
Permal (raw) sold at Rs 2,350, while Permal (sela) was at Rs 2,400 . PR-11 (sela) sold at Rs 3,200 while PR-11 (Raw) quoted at Rs 3,000 . PR14 (steam) sold at Rs 3,350 . Paddy arrivals Meanwhile, paddy arrivals dropped to around 50,000 bags at the Karnal Grain Market Terminal. About 10,000 bags of PR paddy arrived and quoted at Rs 1,325-50, around 25,000 bags of Pusa-1121 arrived and sold at Rs 3,750-4,000, while 15,000 bags of Sharbati arrived and sold at Rs 2,300. 500 bags of Pure Basmati sold at Rs 5,750 a quintal. (This article was published on December 5, 2013) Keywords: non-basmati varieties, Pusa-1121, rice prices,
Commodities Buzz: Thailand Government Sold 6.15 Lakh Tonnes of Rice From Their Reserves
Capital Market/ 09:52 , Dec 05, 2013 The government has sold around 615,000 tonnes of stockpiled rice to local entrepreneurs for 12.3 billion baht,
and the money will be used to repay the Bank for Agriculture and Agricultural Cooperatives, the Foreign Trade Department announced.Director-general Surasak Riangkrul said the sale includes fragrant rice, 100% white rice, 5% white rice, 10% glutinous rice and broken rice.Several buyers were involved, such as CP Rice, Asia Golden Rice, Capital Cereal, Royal Richy Rice and a group of exporters under the Thai Rice Exporters Association.He said off loading stockpiled rice at this time would help the government repay 30 billion baht owed to the BAAC in the final quarter of 2013. The sub-committee approving the rice sale had urged the Public Warehouse Organisation and Market for Farmers Organisation to speed up repaying the money to the BAAC.Mr Surasak said he believed Thailand would be able to export more rice in the final quarter as a result of the government's stockpile release via government-to-government deals and sales to local rice traders.Thailand exported 5.68 million tonnes of rice during the period Jan 1 to Nov 20, 2013 for US$3.82 billion (114.77 billion baht). This was a decline of 8.78% in exports and 10.16% in terms of value year on year.Mr Surasak said he expected Thailand would be able to export up to 8.5 million tonnes of rice in 2013 in total, for a return of $5.7 billion (171.34 billion baht).For 2014, he predicted rice exports of at least 8 million tonnes worth $4.8 billion at an average price of $600 a
tonne.The government's projections are much higher than the private sector's, which predicts the country will ship only around 7 million tonnes of rice in 2013.
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5th December, 2013 Daily International Rice E-Newsletter by Riceplus Magazine

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For more information visit www.ricepluss.com,www.publishpk.net Contact mujahid.riceplus@gmail.com ,riceplus@irp.edu.pk

TOP Contents - Tailored for YOU Latest News Headlines

Rice excluded from free trade agreement

Asias rice crops face setbacks from adverse weather

Australia, South Korea finalise arrangements for free trade agreement

Vietnam finds it more difficult to sell rice

FAO cuts global rice output target for 13

Rice millers show no interest to sell at current rates

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