Friday, March 25, 2005
Vietnam Rice Prices
Despite ample rice supply, strong demand has helped to sustain prices in Vietnam.Vietnamese 5% broken rice was offered steady around $262-$264 PMT, FOB. The prices were steady as Philippines said earlier this week that it wants to buy an additional 100,000 MT of rice mostly from Vietnam
Wednesday, March 23, 2005
Pakistan Rice to China
Pakistan to export Rice to China.
BEIJING (China):
Pakistan has formally approached the Chinese government, seeking quarantine certificate to introduce its high quality rice in the local market.A senior Pakistani official said that they are negotiating with the Chinese side to get permission as soon as possible. We are confident that Pakistani rice can find a big market in China, since its quality is much better than the rice that is currently being imported from Thailand.'We see good prospects especially for basmati rice,' the official added. SomeChinese companies have already shown interest to buy Pakistani rice.New TrendWith the improvement of living standard in China, there is a growing trend to eat imported and good quality rice.China has purchased about 300,000 tonnes Thai rice last year. The Chinese government announced this week that import of rice will increase, due to its declining production in the past four years. The country's rice reserve has dropped dramatically.
BEIJING (China):
Pakistan has formally approached the Chinese government, seeking quarantine certificate to introduce its high quality rice in the local market.A senior Pakistani official said that they are negotiating with the Chinese side to get permission as soon as possible. We are confident that Pakistani rice can find a big market in China, since its quality is much better than the rice that is currently being imported from Thailand.'We see good prospects especially for basmati rice,' the official added. SomeChinese companies have already shown interest to buy Pakistani rice.New TrendWith the improvement of living standard in China, there is a growing trend to eat imported and good quality rice.China has purchased about 300,000 tonnes Thai rice last year. The Chinese government announced this week that import of rice will increase, due to its declining production in the past four years. The country's rice reserve has dropped dramatically.
Caribbean community seeks to eliminate obstacles to rice trade
HAVANA, March 15 (Xinhuanet) -- The Secretariat of the Caribbean Community (CARICOM) said on Tuesday that the organization will work out a project to eliminate obstacles hindering rice trade in the region, reports reaching here said.
The trade ministers of the member states, together with rice producers and traders, will hold a meeting at Georgetown, Guyana, at the end of this month to revise the commercial norms for the product, according to the institution.
The participants may encourage more exports of rice from Belize,Guyana and Surinam, three major producers of the grain in the Caribbean, local reports said.
The meeting will also analyze the mechanisms of payment in accordance with the Common External Tariff of CARICOM, which reportedly have been violated by some governments.
The 15-member CARICOM was founded in 1973, replacing the Caribbean Free Trade Association established in 1968.
The bloc groups Antigua and Barbuda, Bahamas, Barbados, Belize,Dominica Grenada, Guyana, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Surinam, Haiti, and Trinidad and Tobago. Enditem
The trade ministers of the member states, together with rice producers and traders, will hold a meeting at Georgetown, Guyana, at the end of this month to revise the commercial norms for the product, according to the institution.
The participants may encourage more exports of rice from Belize,Guyana and Surinam, three major producers of the grain in the Caribbean, local reports said.
The meeting will also analyze the mechanisms of payment in accordance with the Common External Tariff of CARICOM, which reportedly have been violated by some governments.
The 15-member CARICOM was founded in 1973, replacing the Caribbean Free Trade Association established in 1968.
The bloc groups Antigua and Barbuda, Bahamas, Barbados, Belize,Dominica Grenada, Guyana, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Surinam, Haiti, and Trinidad and Tobago. Enditem
Tuesday, March 22, 2005
Sample Buy offer for Rice
Dear Sirs,
ARIGONA GRUP SRL - wholesale company of the rice in three countries Moldova, Romania and Ukraine. We are looking for serious partners in the world - sellers of the rice with competitive prices. The quality of the rice should be: - White natural, parboiled or oil treated; - 5-40% broken - short, medium, round and long grain; Origin: China, Egypt, India, Thailand, Vietnam and USA.
We will appreciate your proposals and comments. Andrian Potorac on behalf Iurie Gundiuc Director and Owner of Arigona Grup SRL
TEL: 373-69-28-28-36 FAX: 373-22-50-88-55
ARIGONA GRUP SRL - wholesale company of the rice in three countries Moldova, Romania and Ukraine. We are looking for serious partners in the world - sellers of the rice with competitive prices. The quality of the rice should be: - White natural, parboiled or oil treated; - 5-40% broken - short, medium, round and long grain; Origin: China, Egypt, India, Thailand, Vietnam and USA.
We will appreciate your proposals and comments. Andrian Potorac on behalf Iurie Gundiuc Director and Owner of Arigona Grup SRL
TEL: 373-69-28-28-36 FAX: 373-22-50-88-55
India may pass U.S. in rice exports
The United States, now the world’s third largest rice exporting nation, is expected in the next five years or so to be overtaken for that position by India
“Exports by India are projected to steadily increase over the next decade as high internal prices stimulate production and exportable supplies,” according to the February 2005 USDA Agricultural Baseline Projections to 2014 report by the Interagency Agricultural Projections Committee.
India exports low quality long grain rice and smaller quantities of high quality basmati rice.
In the United States, rising domestic demand and a slower growth rate in yields are expected to “constrain the expansion of rice exports,” the report noted.
Global rice trade is projected to average a 2.3 percent annual growth rate from 2005 through the end of the decade.
By 2014, it is expected to reach more than 34.5 million tons, over 20 percent higher than the world record production of 2002.
International rice trade consists predominantly of long grain varieties, which also account for the bulk of expected growth in trade over the next decade, the report said.
Expansion in medium grain rice trade is expected to be “much slower,” despite the partial opening of Japan’s and South Korea’s domestic markets to imported rice as part of World Trade Organization commitments.
Rising food demand from rapidly-growing populations in Indonesia and Bangladesh will generate much of the expected growth in global rice imports. Already two of the world’s leading rice importers, their share of global imports is expected to double during the decade.
Sub-Saharan Africa and the Middle East will also be major destinations, as rapidly expanding populations and rising incomes spur strong demand growth.
Thailand and Vietnam, the world’s largest rice exporting countries, will account for nearly half of all rice exports during the 10-year period, the report said. Rising production, mostly due to higher yields, and declining per capita consumption will drive both countries’ export expansion.
Rice exports from China, typically the world’s fifth leading exporter, are projected to increase early in the decade, then level off as production growth stagnates, with higher yields being offset by declining planted area.
Source: Delta Farm Press
“Exports by India are projected to steadily increase over the next decade as high internal prices stimulate production and exportable supplies,” according to the February 2005 USDA Agricultural Baseline Projections to 2014 report by the Interagency Agricultural Projections Committee.
India exports low quality long grain rice and smaller quantities of high quality basmati rice.
In the United States, rising domestic demand and a slower growth rate in yields are expected to “constrain the expansion of rice exports,” the report noted.
Global rice trade is projected to average a 2.3 percent annual growth rate from 2005 through the end of the decade.
By 2014, it is expected to reach more than 34.5 million tons, over 20 percent higher than the world record production of 2002.
International rice trade consists predominantly of long grain varieties, which also account for the bulk of expected growth in trade over the next decade, the report said.
Expansion in medium grain rice trade is expected to be “much slower,” despite the partial opening of Japan’s and South Korea’s domestic markets to imported rice as part of World Trade Organization commitments.
Rising food demand from rapidly-growing populations in Indonesia and Bangladesh will generate much of the expected growth in global rice imports. Already two of the world’s leading rice importers, their share of global imports is expected to double during the decade.
Sub-Saharan Africa and the Middle East will also be major destinations, as rapidly expanding populations and rising incomes spur strong demand growth.
Thailand and Vietnam, the world’s largest rice exporting countries, will account for nearly half of all rice exports during the 10-year period, the report said. Rising production, mostly due to higher yields, and declining per capita consumption will drive both countries’ export expansion.
Rice exports from China, typically the world’s fifth leading exporter, are projected to increase early in the decade, then level off as production growth stagnates, with higher yields being offset by declining planted area.
Source: Delta Farm Press
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