2011-12-04

Global News: China's 2011 grain output reaches 571 mn tonnes

(News resource: newKerala.com, Dec. 2, 2011)

China saw a bumper harvest of grain this year, with its output rising to a record high of 571 million tonnes, a year-on-year increase of 4.5 percent, the National Bureau of Statistics (NBS) said Friday. The strong harvest marked eight consecutive years of growth for China's grain output, the NBS said in a statement posted on its website. Yields of summer grain, early rice and autumn grain totaled 126.27 million tonnes, 32.76 million tonnes and 412.18 million tonnes this year, up 2.5 percent, 4.5 percent and 5.1 percent year-on-year, respectively, said Xinhua.

2011-11-07

Taiwan News: Taiwan 2nd harvest in progress

(News resource: AFA, Nov. 4, 2011, Chinese version)

According to the news from Taiwan Agriculture and Food Agency, AFA, The 2nd crop harvest in Taiwan had begun in the end of September. The planting area of 2nd crop is about 104,145 hectare, and about 6,771 hectare had been harvested.

from the second half of this year, AFA promises to provide another subsidy on rice farmers' expenses of public paddy drying, packaging, and stocking, which means a NTD$2 / kg of subsidy for farmers who submit new paddies as public stockpiles. The policy, of course, causes the recent paddy price 21% higher than the same period of last year.

2011-11-02

Global News: India open to Indonesia rice, seeks palm oil duty cut

(News resource: Reuters, Nov. 02, 2011)

India is willing to sell 500,000 tonnes of rice to Indonesia but also wants the southeast Asian country to cut its export tax on crude palm oil which has threatened the domestic refining industry. "My ministry has no objections in exporting 500,000 tonnes of rice to Indonesia from government stocks," Food Minister K.V. Thomas said after meeting Indonesian officials here just a month after trade ministers discussed the issues in Jakarta. Southeast Asia's largest economy, Indonesia wants 250,000 tonnes of rice for immediate delivery, Sutarto Alimoeso, chief executive of Indonesia's state procurement agency Bulog, told Reuters.

Global News: Indonesia seeks India rice, cuts 2011 output forecast

(News resource: Reuters, Nov. 1, 2011)

Indonesia wants to buy Indian rice under a government deal to help cover its needs for this year, the head of the country's state grain buyer said on Tuesday, as it cut its unmilled rice output forecast by 4 percent on hot weather and disease. The two have been in talks for several months on rice sales after India lifted a ban in place since 2007 on exports of the grain. It was not clear who Bulog would deal with since there is no equivalent government body in India.

2011-10-28

Global News: Egypt extends ban on rice exports: minister

(News resource: Reuters, Oct. 27, 2011)

Egypt has extended the ban on rice exports to ensure there is no shortage of supply, Trade Minister Mahmoud Eisa said on Thursday, adding that it was not clear yet when the ban in place since 2008 would be lifted. The ban has been extended several times and was due for review in October. Analysts said the government was wary of any move that might hurt domestic supply or prices, stoking public frustration after an uprising that toppled Hosni Mubarak. Eisa said during the Reuters Middle East Investment Summit in Cairo that his ministry had been asked to extend the ban by Social Solidarity Minister Gouda Abdel Khaleq, responsible for internal trade, food subsidies and other related issues.

2011-10-24

Global News: China 2012 rice import seen steady at 700,000T-govt

(News resource: Reuters, Oct. 21, 2011)

China's milled rice import demand in 2012 is expected to be around 700,000 tonnes, similar to this year due to sufficient stock while market prices would remain high, a government official said on Friday. The 2012 import, equivalent to around 1 million tonnes of rough rice, or paddy, would come from Thailand and Vietnam, the official from the government-run National Grain and Oilseeds Information Center told Reuters, adding that the higher-priced Thai grain would meet demand for the luxury market.

2011-10-18

Taiwan News: Local rice prices not expected to rise

(News resource: Taiwan News, Oct 15, 2011)

Recent flooding in Thailand and the new Thai government’s promise to raise rice prices have caused concern over rice prices in Taiwan, but officials said Thursday that there is little likelihood that the impact from the situation in the Southeast Asian country will be felt by local consumers. Although the floods in Thailand -- the largest rice exporter in the world -- might have caused the loss of some 5 million tons of rice, the Council of Agriculture (COA) said it was not yet able to predict the impact of the flooding on international rice prices. The COA added that compared with the flooding, the Thai government’s pledge to raise the minimum rice price for farmers by 50 percent will have a bigger impact on international prices.