Sunday, November 28, 2010

Potential Trade Deal with Malaysia

Malaysia imports approximately 1 million tons of long-grain rice annually, largely from regional suppliers like Thailand and Vietnam. In addition to the United States, eight countries in Asia and North and South America are negotiating a broad regional trade agreement, and Malaysia was recently accepted into the group
source: http://www.usarice.com/

Import of Rice from Mynamar

According to a reliable source, the deadline for import of 30 metric tonne of rice from Myanmar to Manipur on zero duty has been extended till October 1 next year by the notication number 102/2010-Customes issued by the the Ministry of Finance, Government of India. But the extension of the deadline is not going to be of any use as possibility of issuing the import license is remote.

Friday, November 12, 2010

2010 USA Rice Outlook Conference

The 2010 USA Rice Outlook Conference's educational program will include an outlook on the global and U.S. economies and implications for agriculture as well as a farm policy outlook, focusing on factors shaping the development of the next farm bill.
2010 USA Rice Outlook Conference

Thursday, April 29, 2010

International Rice trends

India, China, Thailand, Vietnam are the major producers of rice; prices are at a 10 year high while global stocks are at a 30 year low; Main exporters are Thailand, Vietnam, exporting about 4-5 million tons
every year;
Vietnam has lost about 500,000 hectares of irrigated lands since 2001 to 2007 to industrialization. Irrigated rice accounts for 80% of Vietnam's rice area and is grown on about 3.4 Million hectares and providing about 90% of the national production. The minister of Agriculture in Vietnam Cao duc
Phat has said that the loss is expected to equal current rice exports. It would mean the Vietnam will no longer have extra rice for export; Vietnam's rice farms are also affected by pests ;

Vietnam, India, Egypt and Cambodia has limited its rice exports. Thailand
has not issued any restrictions on its exports yet;
India has placed its rice exports at $1000 per ton as a disincentive even as
prices are $700 to 750 per ton of rice.

Commodity Trends: Global rice trade to rise 6%

Commodity Online
Global rice trade is set to rice by 6% this year to a 3-year high of 30 mn tonnes, according to International Grains Council. The global wheat production may decline by 2.37 per cent to 659 million tonnes (mt) in 2010, while output in India, the world's second-largest producer of the grain, is expected to remain stable at last year's level.
A recent report of the Council said that rice trade would be higher than the five-year average due to a rebound in shipments to Asia Deliveries to Far East Asia are forecast to rise 20%, to 8.1 million tonnes, due to strong imports by Bangladesh and the Philippines.
After almost close to two years of the ban on export of non-basmati rice in the wake of fears of domestic shortage of rice from early 2008, the Government has partially lifted the ban on export of non-basmati rice by permitting its exports to Sri Lanka and Nepal with a ceiling on diplomatic grounds to keep the friendly ties with neighbours.