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20th Jan2014 Daily Global Rice E-Newsletter by Riceplus Magazine (Unedited Verison)

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  • 8/13/2019 20th Jan2014 Daily Global Rice E-Newsletter by Riceplus Magazine (Unedited Verison)

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    Daily Rice News by RICEPLUS MAGAZINE

    www.ricepluss.com

    Unedited Verison

    USA Rice talks trade with Mexico

    In 2012, Uruguayan imports continued to increase and

    lower-priced rice from Pakistan began to enter the market;the U.S. market share fell to 65 percent by the end of the

    year. By USA Rice FederationPosted Jan. 20, 2014 @ 1:16 pm

    WASHINGTON

    For the past three years, the U.S. has faced competition for milled rice in the No. 1 export market

    Mexico. In 2010, the U.S. held 97 percent of the milled rice market share in Mexico. With

    an influx of high quality Uruguayan rice, the U.S. market share fell to 76 percent by the end of2011.

    In 2012, Uruguayan imports continued to increase and lower-priced rice from Pakistan began to

    enter the market; the U.S. market share fell to 65 percent by the end of the year. In 2013, theU.S. saw a surge in Pakistan milled rice imports (until June, when phytosanitary concerns caused

    Mexico to ban rice imports from Pakistan), and new milled rice imports from Vietnam.

    By the end of 2013, the U.S. market share for milled rice had fallen to 51 percent. The higherquality U.S. rice crop this year should compete well with Uruguayan imports, but Asian rice is

    substantially cheaper and will continue to threaten U.S. rice.

    Facing increased price pressure from imported Asian milled rice, Mexican millers have begun tolook to other origins (Brazil, Vietnam, etc.) for paddy rice and even milled rice to be able to

    successfully compete in this new marketplace.

    "When a miller is interested in importing milled rice to stay afloat, you know the marketsituation has drastically changed," said Jim Guinn, USA Rice's vice president of international

    promotion.

    The U.S. has retained 100 percent of the paddy rice market share in Mexico, but that may not be

    a given for much longer. Guinn says the USA Rice Federation will continue aggressive trade

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    servicing and promotional activities to ensure the U.S. retains a dominant market share in

    Mexico's rice imports.

    Marvin Lehrer, USA Rice's senior advisor in Mexico, will travel to Louisiana at the end ofJanuary to attend the annual Louisiana Rice Council and Louisiana Rice Growers' Association

    meetings. Lehrer will speak about the challenges and opportunities facing U.S. rice in the

    Mexican market and showcase the new logo developed for the Mexican market, whichdifferentiates U.S. rice from other origins.

    USA Rice's Sarah Moran will be in Mexico in the next few weeks to meet with the U.S.

    Department of Agriculture's Foreign Agricultural Service and USA Rice's in-country contractor,as part of a continuous evaluation of activities and strategies to ensure they remain relevant and

    effective in a changing market environment.

    Read more:http://www.stuttgartdailyleader.com/article/20140120/NEWS/140129965#ixzz2rOi6YP2d

    UPDATE 2-Thai government declaresstate of emergency as protests drag onTue Jan 21, 2014 8:16am EST

    * State of emergency from Wednesday

    * Anti-government protests enter a third month

    By Pracha Hariraksapitak

    BANGKOK, Jan 21 (Reuters) - The Thai government declared a 60-day state of emergency

    to start on Wednesday, saying it wanted to prevent any escalation of more than two months

    of protests aimed at forcing Prime Minister Yingluck Shinawatra from power.The decree,

    which covers Bangkok and surrounding provinces, allows security agencies to impose

    curfews, detain suspects without charge, censor media, ban political gatherings of more

    than five people and declare areas off-limits.

    Yingluck said her government has no intention of confronting the protesters, who have been

    allowed to close off several government buildings, including her own. The military, involved

    in several previous coups, has so far stayed neutral.

    http://www.stuttgartdailyleader.com/article/20140120/NEWS/140129965#ixzz2rOi6YP2dhttp://www.stuttgartdailyleader.com/article/20140120/NEWS/140129965#ixzz2rOi6YP2dhttp://www.stuttgartdailyleader.com/article/20140120/NEWS/140129965#ixzz2rOi6YP2dhttp://www.stuttgartdailyleader.com/article/20140120/NEWS/140129965#ixzz2rOi6YP2d
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    "We will use peaceful negotiations with the protesters in line with international standards ...

    We have told the police to stick with international standards, to be patient with the

    protesters," she told reporters on Tuesday.

    She said police, not the military, would mainly be used to maintain control.

    "We need it because the protesters have closed government buildings, banks and escalated

    the situation, which has caused injuries and deaths. The government sees the need to

    announce the emergency decree to keep the situation under control," Labour Minister

    Chalerm Yoobamrung told a news conference following a cabinet meeting.

    Yingluck has called an election for Feb. 2, which she will almost certainly win and which the

    opposition plans to boycott.

    However, the Election Commission said it would seek a Constitutional Court ruling on

    Wednesday on whether it can delay the vote. It says that the protests have prevented some

    candidates from registering which means that there would not be a quorum to open

    parliament after the election.

    The protests, now in their third month, have closed off parts of the capital in the latest

    instalment of an eight-year political conflict that has seen sporadic outbreaks of violence.

    They pit the middle class and royalist establishment against the mainly poorer supporters of

    Yingluck and her brother, ex-premier Thaksin Shinawatra, who was toppled by the military

    in 2006.

    FARMERS THREATEN TO JOIN PROTEST

    Led by 64-year-old anti-government firebrand Suthep Thaugsuban, the protests were

    triggered by Yingluck's moves last year to grant amnesty to her brother, the self-exiled

    former premier Thaksin Shinawatra whom Suthep accuses of nepotism and corruption.

    Nine people have died since they began in November, the worst violence since 2010. It was

    Suthep, at that time a deputy prime minister, who sent in troops to end mass protests by

    pro-Thaksin supporters. More than 90 people died in that unrest.

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    He is demanding Yingluck step down and a "people's council" be appointed in place. He has

    given only vague details on the reforms he wants but analysts say his chief aim is to

    eradicate Thaksin's political influence.

    The protesters want to suspend what they say is a democracy commandeered by the self-exiled billionaire Thaksin and alter electoral arrangements so that his allies are unable to

    return to power.

    In a potentially worrying development for Yingluck, whose power base depends heavily on

    rural support, some farmers have threatened to join the protesters if they do not get paid for

    the rice they have sold to the state.

    A scheme under which farmers are guaranteed an above-market price for their rice has been

    a centrepiece of the government's programme but, as financing strains mount, some arecomplaining they have been waiting three or four months to be paid.

    The protests are also beginning to undermine Southeast Asia's second-biggest economy.

    On Monday, the Thai subsidiary of auto giant Toyota Motor Corp, one of Thailand's biggest

    foreign investors, said it might reconsider a $600 million spending plan and even cut

    production if the unrest drags on.

    And some economists expect the central bank will be forced to further cut interest rates

    when it meets on Wednesday to give a lift to the economy

    Thai farmers add to goverment woeswith rice scheme protests

    BY APORNRATH PHOONPHONGPHIPHAT

    BY APORNRATH PHOONPHONGPHIPHAT

    BANGKOKTue Jan 21, 2014 9:44am IST

    RELATED TOPICS01/24/2014

    Jan 21 (Reuters) - Some Thai rice farmers have threatened to switch sides and join

    protesters trying to topple the government if they do not get paid for their crop, a worrying

    development for Prime Minister Yingluck Shinawatra whose support is based on the rural

    vote.

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    Anti-government protests, now in their third month, have closed off parts of the capital in

    the latest instalment of Thailand's eight-year political conflict that has seen sporadic

    outbreaks of violence.

    In a sign of the impact on Southeast Asia's second-biggest economy, the Thai unit of autogiant Toyota Motor Corp said it might reconsider a planned $600 million investment, and

    even cut output, if the unrest drags on.

    A scheme under which farmers are guaranteed an above-market price for their rice has been

    a centrepiece of the government's programme but, as financing strains mount, some are

    complaining they have been waiting three or four months to be paid.

    Prom Boonmachoey, leader of a farmers' group in central Suphan Buri province, said a

    delegation would visit lawyers on Tuesday. If there was no way to get compensation,thousands more would join the anti-government protests, he said.

    "The Thai Lawyers Council is our consultant and it will help us file a lawsuit against the

    government," Prom told Reuters. If they cannot get payment, the farmers want their rice

    back so they can resell it, no matter how low the price, he said.

    The protests in Bangkok pit the middle class and royalist establishment against the mainly

    poorer supporters of Prime Minister Yingluck Shinawatra and her brother, ex-premier

    Thaksin Shinawatra, who was toppled by the military in 2006.

    RURAL VOTE

    The rural vote brought Yingluck's Puea Thai Party to power in 2011 with a sweeping populist

    platform.

    But the rice programme that formed part of it meant that Thailand, once the world's biggest

    rice exporter, was priced out of the global market. It left the country with a mountain of

    unsold grain and the government's intervention scheme running into funding problems.

    Small protests have been popping up around the rice-growing regions in the centre, north

    and northeast. The latter two are Puea Thai strongholds, a worry for Yingluck ahead of a

    general election she has called for Feb. 2, and which the opposition has said it will boycott.

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    Her brother Thaksin is still adored by many in the countryside for the policies he introduced

    such as cheap healthcare and loans for businesses in the villages, and he is seen as the

    power behind Yingluck's government.

    He has chosen to live in exile in Dubai rather than serve a prison sentence for abuse ofpower handed down in 2008. The protests in Bangkok since November were sparked by a

    government attempt to force through a broad political amnesty that would have allowed him

    to return home a free man.

    Although the protests have been mostly peaceful, violent incidents are picking up.

    One man was killed and dozens of people were wounded, some seriously, when grenades

    were thrown at anti-government protesters in the city centre on Friday and Sunday.

    National Security Council chief Paradorn Pattantabutr said on Monday the authorities were

    seriously considering imposing a state of emergency, and that could be discussed on

    Tuesday by the body handling security matters related to the protests.

    The emergency decree would give security agencies broad powers to impose curfews, detain

    suspects without charge, censor media, ban political gatherings of more than five people and

    declare parts of the country off limits.

    Rice pledging scheme not extendedafter next month deadlineTuesday, 21 January 2014By MCOT

    35 0 2 0

    BANGKOK, Jan 20 - The National Rice Policy Committee (NRPC) resolved today not to extend theFebruary deadline to purchase rice in the 2013/2014 crop from farmers.

    Caretaker Deputy Commerce Minister Yanyong Puangrach said some farmers have asked the

    government to continue buying rice from them under the pledging price of Bt15,000 per tonne afterthe end of the rice pledging programme late next month.

    http://www.pattayamail.com/news/author/mcothttp://www.pattayamail.com/news/author/mcothttp://www.pattayamail.com/news/author/mcot
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    The government doesnt want to be involved in additional financial obligations, he said, adding that

    the caretaker Cabinet will be asked to find financial resources to pay the remaining Bt700 million forrice in the 2012/2013 crop.

    Mr Yanyong stood firm that the government has never intended to refuse payment but said that thereimbursement procedure for a caretaker government is complicated.

    The government has so far paid Bt680 billion to farmers a signal of its determination to pay andhelp farmers earn higher income from their rice sales, he said.

    Mr Yanyong criticised the labour union of the Bank of Agriculture and Agricultural Cooperatives(BAAC) for obstructing loans, to be sought by the government for payment to farmers.

    The BAAC has made profit from the rice pledging scheme including deposits from farmers andbonus to bank employees was from the profit the bank has made from the rice subsidy scheme, saidMr Yanyong.

    He said the BAAC should help farmers who are encountering financial constraint and the BAAC hasreceived full payment plus management and risk fees and interest from the loans given to thegovernment.

    There has never been risk involved for the BAAC and the labour union should let managementmanages the issue, he said, calling on the labour unions of the Government Savings Bank andKrung Thai Bank to take that into consideration if the government seeks help from the two statebanks.

    The government is not asking for free service and employees should bear in mind the stateenterprises objectives of sustaining the economy in time of trouble, he said.

    He said the Election Commission (EC) should also be aware that the rice pledging scheme is acontinuous project, and not an election campaign.

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    Whether the government is capable of paying to farmers within the Jan 25 deadline depends on theECs decision, he said.

    Caretaker Deputy Prime Minister/Finance Minister Kittiratt Na-Ranong is scheduled to meet with ECmembers tomorrow to discuss the issue.

    Vorapak Tanyawong, president of Krung Thai Bank, gave assurances that an extension of loans tothe BAAC for the rice subsidy plan, if made, will be under similar regulations imposed for otherfinancial institutions.

    We have to take into consideration the risk factor, the applicants payment capability andguarantors. The loan request must be scrutinised by a committee, he said.

    Krung Thai Bank is a public company with 45 per cent of shares held by retail investors andfinancial institutes. It has to compete with major commercial banks and be accountable forstakeholders. It is under the supervision of the Bank of Thailand, Stock Exchange of Thailand andthe Auditor General Office, said Mr Vorapak.

    - See more at:http://www.pattayamail.com/business/rice-pledging-scheme-not-extended-after-next-

    month-deadline-34181#sthash.pGuXaYqv.dpuf

    Farmers threaten to take legal actions against Govt forrice program

    Date : 21

    2557

    BANGKOK, 21

    January 2014

    (NNT) - The Thai

    Rice Growers

    Association has

    consulted with the

    Lawyers Council of

    Thailand to bring

    civil and criminalcharges against the

    government after

    the latter failed to

    pay farmers in the

    rice support

    scheme.

    http://www.pattayamail.com/business/rice-pledging-scheme-not-extended-after-next-month-deadline-34181#sthash.pGuXaYqv.dpufhttp://www.pattayamail.com/business/rice-pledging-scheme-not-extended-after-next-month-deadline-34181#sthash.pGuXaYqv.dpufhttp://www.pattayamail.com/business/rice-pledging-scheme-not-extended-after-next-month-deadline-34181#sthash.pGuXaYqv.dpufhttp://www.pattayamail.com/business/rice-pledging-scheme-not-extended-after-next-month-deadline-34181#sthash.pGuXaYqv.dpufhttp://www.pattayamail.com/business/rice-pledging-scheme-not-extended-after-next-month-deadline-34181#sthash.pGuXaYqv.dpufhttp://www.pattayamail.com/business/rice-pledging-scheme-not-extended-after-next-month-deadline-34181#sthash.pGuXaYqv.dpuf
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    PICTURE

    VDO

    President of the

    Thai Rice Growers

    Association Prasit

    Boonchuey and

    representatives of

    rice farmers

    nationwide on

    Tuesday met with

    the Lawyers

    Council of Thailand

    on legal actions

    against the

    government and

    Prime Minister

    Yingluck

    Shinawatra. Thegroup said the

    governments

    failure to pay the

    farmers who

    participated in the

    rice subsidy scheme

    since October 2013

    caused them great

    problems.

    Mr Prasit insisted it

    was the

    governments

    responsibility to

    find the money to

    pay the farmers.

    The farmers will

    also send a letter of

    complaint to the

    Ministry ofCommerce who

    was a member of

    the National Rice

    Policy Committee.

    http://61.19.244.31/centerWeb/Uploads/Image/2557/01/21/PNPOL570121001001401_21012014_052628.jpg
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    Drought

    crisis

    looms as

    off-

    season

    rice

    exceeds

    targetPublished on January 22,

    2014 by TFP No

    Comments

    BANGKOK, 21January 2014(NNT) TheRoyal IrrigationDepartment (RID)has voicedconcerns oversevere watershortages in the

    Chao Phraya RiverBasin as theamount of off-season rice beingcultivated hasexceeded thetarget by a largemargin.

    According to theRIDs WaterWatch andMonitoring Systemfor Warning

    Center, thecombined amountof water stored atall major damswithin the ChaoPhraya River Basinnow stands at13.61 billion cubicmeters,approximately

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    55% of the totalcapacity. Thesedams consist of theBhumibol Dam inTak province,Sirikit Dam inUttaradit, Khwae

    Noi Bamrung DaenDam in Phitsanulokand Pa Sak JolasidDam in Lop Buri.

    Out of the usableportion of 6.91billion cubicmeters, the RIDplans to discharge5.3 billion cubicmeters to theresidents of theCentral Plains forthe currentdrought season,which runs fromNovember 2013 toApril 2014.However, over2.65 billion cubicmeters or 50% hasalready been usedthus far.

    To make thematter worse, the

    RID reported thatthe cultivation ofoff-season cropsacross the ChaoPhraya River Basinthis droughtseason hadcovered an area of7.66 million rai,over 7.4 million ofwhich was beingused to grow rice,surpassing theinitially planned

    area by 56%.Therefore, the RIDis asking forcooperation fromagriculturists torefrain fromplanting morecrops during thistime as doing sowould increase the

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    possibility of asevere watershortage in theregion.

    ( SurapanLaotharanarit)

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    Rice basmati weakens on sluggish demandPress Trust of India | New Delhi

    May 11, 2011Last Updated at 18:16 IST

    Rice basmatifell by Rs 100 per quintal in an otherwise steady wholesalegrainsmarket owing to

    sluggish demand at prevailing levels.

    Traders said slackness in demand against sufficient stocks mainly led to fall in wholesale rice

    basmati prices.

    In the national capital, rice basmati common and Pusa-1121 varieties declined by Rs 100 each to Rs

    5,300-5,400 and Rs 4,200-5,200 per quintal, respectively.

    Following are today's quotations in Rs per quintal:

    WheatMP (deshi) 1,600-1,750, wheat dara (for mills) 1,165-1,170 chakki atta (delivery) 1,180-

    1,185, atta Rajdhani (10 kg) 175, Shakti bhog (10 kg) 175, Roller flour mill 640-660 (50 kg), Maida

    700-730 (50 kg) and Sooji 750-770 (50 kg)

    Basmati rice (Lal Quila) 9,500, Shri Lal Mahal 9,300, super basmati rice 9,000, Basmati common

    5,300-5,400, rice Pusa-(1121) 4,200-5,200, Permal raw 1,825-1,875, Permal wand 2,000-2,100, Sela

    2,100-2,150 and Rice IR-8 1,700-1,725

    Bajra990-1000, Jowar yellow 1,050-1,120, white 1,850-1,895,Maize1,250-1,260,Barley1,320-

    1325 and Rajasthan 1,080-1,090

    Pakistan's rice exports record growth of 10 pc21 January, 2014

    ISLAMABAD: Former Chairman of Rice Exporters Association of Pakistan (REAP), Javed Ali Ghauri saidthat rice export of Pakistan has been increased by 10 per cent during the current fiscal year, OurSources reported on Sunday.

    http://www.business-standard.com/search?type=news&q=Rice+Basmatihttp://www.business-standard.com/search?type=news&q=Rice+Basmatihttp://www.business-standard.com/search?type=news&q=Grainshttp://www.business-standard.com/search?type=news&q=Grainshttp://www.business-standard.com/search?type=news&q=Grainshttp://www.business-standard.com/search?type=news&q=Wheathttp://www.business-standard.com/search?type=news&q=Wheathttp://www.business-standard.com/search?type=news&q=Bajrahttp://www.business-standard.com/search?type=news&q=Bajrahttp://www.business-standard.com/search?type=news&q=Maizehttp://www.business-standard.com/search?type=news&q=Maizehttp://www.business-standard.com/search?type=news&q=Maizehttp://www.business-standard.com/search?type=news&q=Barleyhttp://www.business-standard.com/search?type=news&q=Barleyhttp://www.business-standard.com/search?type=news&q=Barleyhttp://www.business-standard.com/search?type=news&q=Barleyhttp://www.business-standard.com/search?type=news&q=Maizehttp://www.business-standard.com/search?type=news&q=Bajrahttp://www.business-standard.com/search?type=news&q=Wheathttp://www.business-standard.com/search?type=news&q=Grainshttp://www.business-standard.com/search?type=news&q=Rice+Basmati
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    More on this

    Korean group keen to invest in energy sector

    50 licences awarded for exploration of gas, oil

    PSO to enter into LNG import business

    Draft IT policy ready for implementation from June

    New blocks to attract $371m investment in first phase

    Govt to curtail negative list of trade items with India

    Wheat supply: Govt refuses subisidy as cash constraints bite

    ISLAMABAD: Former Chairman of Rice Exporters Association of Pakistan (REAP), Javed Ali Ghauri

    said that rice export of Pakistan has been increased by 10 per cent during the current fiscal year,

    Our Sources reported on Sunday.

    Javed Ghauri said rise in the price of brown rice by India has provided Pakistan an opportunity to

    handsomely increase its brown rice exports to EU countries as its commodity is relatively cheaper.

    He said the country in past six months July to December of current fiscal year 2013 has already

    exported approximately 52,000 tonnes of the said variety to EU countries and now due to duty-free

    access to these markets it can export 250,000 tonnes more.

    Furthermore, following a successful visit to China, a potential rice market, REAP is hoping the rice

    exports will boost to 1 million tones, which was 0.5 million tonnes during last fiscal year.

    End.

    http://paktribune.com/business/news/Korean-group-keen-to-invest-in-energy-sector-11906.htmlhttp://paktribune.com/business/news/50-licences-awarded-for-exploration-of-gas-oil-11905.htmlhttp://paktribune.com/business/news/PSO-to-enter-into-LNG-import-business-11904.htmlhttp://paktribune.com/business/news/Draft-IT-policy-ready-for-implementation-from-June-11903.htmlhttp://paktribune.com/business/news/New-blocks-to-attract-371m-investment-in-first-phase-11902.htmlhttp://paktribune.com/business/news/Govt-to-curtail-negative-list-of-trade-items-with-India-11901.htmlhttp://paktribune.com/business/news/Wheat-supply-Govt-refuses-subisidy-as-cash-constraints-bite-11900.htmlhttp://paktribune.com/business/news/Wheat-supply-Govt-refuses-subisidy-as-cash-constraints-bite-11900.htmlhttp://paktribune.com/business/news/Govt-to-curtail-negative-list-of-trade-items-with-India-11901.htmlhttp://paktribune.com/business/news/New-blocks-to-attract-371m-investment-in-first-phase-11902.htmlhttp://paktribune.com/business/news/Draft-IT-policy-ready-for-implementation-from-June-11903.htmlhttp://paktribune.com/business/news/PSO-to-enter-into-LNG-import-business-11904.htmlhttp://paktribune.com/business/news/50-licences-awarded-for-exploration-of-gas-oil-11905.htmlhttp://paktribune.com/business/news/Korean-group-keen-to-invest-in-energy-sector-11906.html
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    rice exporters bag $4million orders initiallyfrom China

    January 21, 2014 14:48

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    Pakistani traders have fetched rice export orders worth 4 million dollar from China during a recent

    visit. Shipment of these orders will start from second week of February right after Chinese New

    Year's holidays. A 25-member delegation of rice exporters has recently visited China to further

    explore the emerging rice market.

    While talking to senior vice chairman Rice Exporters Association of Pakistan (REAP), said the visit

    successful as initially exporters have got about 10,000 tons of rice orders. We had very interactive

    meetings with Chinese authorities and leading rice buyers. Chinese consumers take keen interest in

    Pakistani rice especially "long grain" because of its high quality. He said.

    After fulfilling the trial orders, we are hopeful to get export orders of huge quantity of Pakistani rice in

    future and trade between both the friendly countries will increase in a significant ratio.

    http://arynews.tv/en/sugar-mills-initiating-to-gratify-needs-of-power-consumers/http://arynews.tv/en/sugar-mills-initiating-to-gratify-needs-of-power-consumers/http://arynews.tv/en/sugar-mills-initiating-to-gratify-needs-of-power-consumers/http://arynews.tv/en/pakistan-looking-for-quality-dates/http://arynews.tv/en/pakistan-looking-for-quality-dates/#commentshttp://arynews.tv/en/pakistan-looking-for-quality-dates/#commentshttp://arynews.tv/en/pakistan-looking-for-quality-dates/#commentshttp://arynews.tv/en/non-tariff-barriers-continued-decline-in-cement-exports-to-india/http://arynews.tv/en/non-tariff-barriers-continued-decline-in-cement-exports-to-india/#commentshttp://arynews.tv/en/non-tariff-barriers-continued-decline-in-cement-exports-to-india/#commentshttp://arynews.tv/en/non-tariff-barriers-continued-decline-in-cement-exports-to-india/#commentshttp://arynews.tv/en/non-tariff-barriers-continued-decline-in-cement-exports-to-india/#commentshttp://arynews.tv/en/non-tariff-barriers-continued-decline-in-cement-exports-to-india/http://arynews.tv/en/pakistan-looking-for-quality-dates/#commentshttp://arynews.tv/en/pakistan-looking-for-quality-dates/http://arynews.tv/en/sugar-mills-initiating-to-gratify-needs-of-power-consumers/http://arynews.tv/en/sugar-mills-initiating-to-gratify-needs-of-power-consumers/
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    He said, Pakistan's rice exports to china witnessed 500,000 metric tons during FY-13, after successful

    visit, we are optimistic that, exports of Pakistani rice would cross 0.7 to 1.0 million metric tons at the end

    of FY14.

    To gain maximum foreign exchange from China and extract maximum price, we must focus on bilateral

    trade, which ensures better pricing due to less freight costs and swift transfer of funds as compared to

    other far of countries." he added.

    This is pertinent to mention that Chinese buyers require rice with good milling quality and with this

    opportunity, value addition in rice would increase and subsequently more employment opportunities

    would be available for skilled laborers in the country, he added.

    He requested the government to send Reap delegations to China on regular basis at least twice in every

    financial year, to maintain and increase the market share of Pakistani rice, as the Pakistani rice exporters

    are putting huge investments and developing their infrastructure by installing latest rice machineries and

    plants for improving their capabilities to cater the export orders.

    Rice importers, sellers appeal to govtBy: Joseph Kyei Boateng / Daily Graphic / Ghana | Monday, 20 January 2014 15:37 |

    1 0

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    Haruna Iddrisu

    Minister of Trade and Industry

    The Association of Ghana-Cote dIvoire Rice Importers and Sellers (based in Kumasi) is appealing

    to the government to take a critical decision on the ban on rice importation from Cote dIvoire, a

    neighbouring country.

    Making the appeal through the Daily Graphic in Kumasi, the Organiser of the association, Mr Yaw

    Korang, said the association wanted the government to reconsider its decision to ban rice

    importation from Cote dIvoire. The ban on the importation of rice from Cote dIvoire is expected to

    take effect from January 2014.

    He said the ban would cause unemployment, since a large number of rice importers and related

    workers would lose their jobs.

    He also said that the ban would help the Finatrade Group of Companies (an importer of rice) to

    monopolise the system.

    http://graphic.com.gh/media/k2/items/cache/f3a26ed8969978d641fb1c106b031fed_XL.jpg
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    His appeal comes in the wake of a comment made by a corporate affairs director of Finatrade that

    members of the association did not pay the required taxes on their rice imports, making the state

    lose $40 million every year.

    Mr Korang described the comment as unfortunate, adding that the association had been paying its

    taxes, and challenged Finatrade and the Ministry of Trade and Industry to check the records from

    the Customs Division of the Ghana Revenue Authority.

    He noted that before the ban came into force, prices of imported rice from Cote dIvoire were

    moderate and affordable.

    He also noted that rice was a foodstuff that every household depended on almost every day, and

    lamented the situation where the government would ban rice importation from neigbhouring

    countries and the poor would not be able to afford it.

    He further noted that mostly, there had been delays in the importation of bags of rice that were notfrom neighbouring countries and that should the government place the ban, many poor families were

    likely to be the ones to suffer the most.

    He, however, called on the government to, as a matter of urgency, take a critical decision on the

    placing of the ban and called on the general public to rally behind the association to stop it.

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