Tomorrow, Feb. 2nd, is Chinese New Year's Eve. From tomorrow there will be a 6-day Chinese New Year vacation in Taiwan until Feb. 7th.
Happy Holidays!
2011-01-31
2011-01-30
Global Snapshot: Big Asian rice buys raise spectre of scramble for supply
(News resource: Rice Online via Khaleej Times)
Fresh demand for rice in two big Asian countries is sending a worrying signal the region’s main staple may join a surge in prices for other grains, worsening Asia’s spiralling food inflation. Asian rice traders say aggressive buying in heavily populated Indonesia and Bangladesh could spread, pushing up world rice prices even though bumper crops in Thailand and Vietnam should mean ample supplies.
“This is only the start of the panic buying,” said Ker Chung Yang, commodities analyst at Singapore-based Phillip Futures, referring to Bangladesh’s recent tripling of its rice import target and Indonesia’s purchase this week of 820,000 tonnes of Thai rice, nearly five times the volume initially sought. “I expect we’ll have more countries coming in and buying grain.” Still, analysts see little risk of a 2008-like food crisis, when rice prices rose above $1,000 a tonne, double their current level.
For more details of the news, please link to the webpage.
Fresh demand for rice in two big Asian countries is sending a worrying signal the region’s main staple may join a surge in prices for other grains, worsening Asia’s spiralling food inflation. Asian rice traders say aggressive buying in heavily populated Indonesia and Bangladesh could spread, pushing up world rice prices even though bumper crops in Thailand and Vietnam should mean ample supplies.
“This is only the start of the panic buying,” said Ker Chung Yang, commodities analyst at Singapore-based Phillip Futures, referring to Bangladesh’s recent tripling of its rice import target and Indonesia’s purchase this week of 820,000 tonnes of Thai rice, nearly five times the volume initially sought. “I expect we’ll have more countries coming in and buying grain.” Still, analysts see little risk of a 2008-like food crisis, when rice prices rose above $1,000 a tonne, double their current level.
For more details of the news, please link to the webpage.
2011-01-27
Global Snapshot: Vietnam firms call for calm amid plastic rice scare
(News resource: Thanh Nien News.com via http://www.riceonline.com)
Vietnamese rice companies say it's unlikely that Chinese rice has entered the local market, easing concerns about a fake rice made from plastic which was reportedly being sold in China. On Saturday, Tuoi Tre newspaper cited rice traders as saying that Vietnam has an ample rice supply. They also said as local prices are now low, so there is no chance that Chinese exporters would succeed in exporting Chinese grain.
For more details, please link to the webpage of Thanh Nien News.
Vietnamese rice companies say it's unlikely that Chinese rice has entered the local market, easing concerns about a fake rice made from plastic which was reportedly being sold in China. On Saturday, Tuoi Tre newspaper cited rice traders as saying that Vietnam has an ample rice supply. They also said as local prices are now low, so there is no chance that Chinese exporters would succeed in exporting Chinese grain.
For more details, please link to the webpage of Thanh Nien News.
2011-01-26
Global Snapshot: Japan Purchases 61,000 Tons of Foreign Rice in Tender
(News resource: http://www.bloomberg.com)
Japan bought 61,000 metric tons of rice in a tender today, according to the Ministry of Agriculture, Forestry and Fisheries. Of the total, the government bought 12,000 tons from the U.S., 49,000 tons and from Thailand, the ministry said in a statement.
To see more details, please link here to the webpage of Bloomberg.
2011-01-19
Global Snapshot: Japan Seeks 61,000 Tons of Foreign Rice in Tender
(News resource: http://www.bloomberg.com)
Japan is seeking to import 61,000 metric tons of rice in a tender on Jan. 25, the Ministry of Agriculture, Forestry and Fisheries said today. Of the total, the government plans to buy 12,000 tons from the U.S., 24,000 tons from Thailand, and the rest from any country, according to the ministry’s grain-trade division.
For more details, please link to the webpage.
2011-01-17
Global Snapshot: Indo-Sino wins Bangladesh rice dealat US$459.22 per tonne
(News resource: http://www.riceonline.com)
Singapore-based Indo-Sino Trade Limited has secured a tender to supply 50,000 tonnes of white rice to Bangladesh at US$459.22 ($593.22) a tonne, including C&F liner out. The state grains importer issued the tender late last month as part of efforts to ensure food security for the country's more than 150 million people in the wake of rising global food prices.
For more details of the news, please link to the webpage.
Singapore-based Indo-Sino Trade Limited has secured a tender to supply 50,000 tonnes of white rice to Bangladesh at US$459.22 ($593.22) a tonne, including C&F liner out. The state grains importer issued the tender late last month as part of efforts to ensure food security for the country's more than 150 million people in the wake of rising global food prices.
For more details of the news, please link to the webpage.
2011-01-14
Global Snapshot: VN Rice exporters face foreign competition
(News resource: RiceOnline/ VN Net)
According to Truong Thanh Phong, Chair of the Vietnam Food Association, until now, foreign food enterprises had to set up joint ventures with Vietnamese enterprises, if they wanted to trade rice. However from this year, all enterprises, Vietnamese and foreign, will “play in a level field”, as Vietnam has to open the food market to foreign enterprises under the international commitments.
For more details of the news, please link to the webpage of RiceOnline.
According to Truong Thanh Phong, Chair of the Vietnam Food Association, until now, foreign food enterprises had to set up joint ventures with Vietnamese enterprises, if they wanted to trade rice. However from this year, all enterprises, Vietnamese and foreign, will “play in a level field”, as Vietnam has to open the food market to foreign enterprises under the international commitments.
For more details of the news, please link to the webpage of RiceOnline.
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