Commerce Minister Porntiva Nakasai yesterday presided over an opening ceremony for the Thailand Rice Convention and World Rice Standard Summit 2011at Grand Hill Resort and Spa Hotel in Nakhon Sawan Province. An academic seminar titled “Thai Rice: The Best Rice of the World” was hled with 500 representatives of 50 countries worldwide participating. Porntiva said the seminar is aimed at boosting confidence of trade partners and showing Thailand’s potential as the world's top rice exporter.
2011-06-24
Global News: Thai Commerce Ministry Draws up Plan to Boost Thai Rice Exports
(News resource: TAN, Jun. 23, 2011)
Commerce Minister Porntiva Nakasai yesterday presided over an opening ceremony for the Thailand Rice Convention and World Rice Standard Summit 2011at Grand Hill Resort and Spa Hotel in Nakhon Sawan Province. An academic seminar titled “Thai Rice: The Best Rice of the World” was hled with 500 representatives of 50 countries worldwide participating. Porntiva said the seminar is aimed at boosting confidence of trade partners and showing Thailand’s potential as the world's top rice exporter.
Commerce Minister Porntiva Nakasai yesterday presided over an opening ceremony for the Thailand Rice Convention and World Rice Standard Summit 2011at Grand Hill Resort and Spa Hotel in Nakhon Sawan Province. An academic seminar titled “Thai Rice: The Best Rice of the World” was hled with 500 representatives of 50 countries worldwide participating. Porntiva said the seminar is aimed at boosting confidence of trade partners and showing Thailand’s potential as the world's top rice exporter.
2011-06-23
Global News: Price of Asia rice firm due to African demand, Thai elections
(News resource: Asiaone.com.sg, Jun. 22, 2011)
Demand from African countries supported Vietnamese rice prices this week even though supply from its new crop is about to peak, while Thai prices were pushed up by local demand for grain that traders said was linked to the general election there on July 3. Vietnam has contracted to sell around 100,000 tonnes of 25 percent broken rice to African countries this month, traders said on Wednesday.
Demand from African countries supported Vietnamese rice prices this week even though supply from its new crop is about to peak, while Thai prices were pushed up by local demand for grain that traders said was linked to the general election there on July 3. Vietnam has contracted to sell around 100,000 tonnes of 25 percent broken rice to African countries this month, traders said on Wednesday.
2011-06-20
Global News: Food insecurity no longer poses threat in Vietnam
(News resource: Veitnam Net, Jun. 21, 2011)
Held by the Ministry of Agriculture and Development (MARD), the conference brought together leading technical experts, researchers and authorities from the agricultural sector to discuss a vision for the country's rice production following a report issued by the World Bank. When the country is on track to become a prospering middle-income country, it is about time to ‘chart out a vision of how the agricultural sector can evolve,' said Victoria Kwakwa, World Bank's country director in her opening remark. "The role of rice is changing," she said, noting that rising per capita income had induced demand for higher quality and more diversified diets apart from rice.
2011-06-17
Global News: VFA to buy rice from farmers
(News resource: SGGP, Jun. 16, 2011)
VFA chairman Truong Thanh Phong said the volume of commercial rice to be harvested now in the Mekong Delta is estimated at two million tons. As local enterprises have problems in exporting rice, the association will ensure that farmers are able to sell all their produce, he added. Mr. Phong said VFA will buy rice at a minimum price of VND5,000 per kilogram to ensure a profit for the rice growers. VFA has worked with banks to offer reasonable lending interest rates to rice companies, he added.
VFA chairman Truong Thanh Phong said the volume of commercial rice to be harvested now in the Mekong Delta is estimated at two million tons. As local enterprises have problems in exporting rice, the association will ensure that farmers are able to sell all their produce, he added. Mr. Phong said VFA will buy rice at a minimum price of VND5,000 per kilogram to ensure a profit for the rice growers. VFA has worked with banks to offer reasonable lending interest rates to rice companies, he added.
2011-06-16
Global News: SunRice loses CEO
(News resource: Sky News, Jun. 15, 2011)
Rice Growers Ltd, which trades as SunRice, says it's losing its managing director to another agri-business co-op. The departure of Gary Helou to run Murray Goulburn Co-operative from September follows Rice Growers shareholders' rejection of a takeover bid from Spanish group Ebro Foods.There is no indication that the two events are linked. SunRice chairman, Gerry Lawson, said the company would begin a search for a new chief executive officer.
Rice Growers Ltd, which trades as SunRice, says it's losing its managing director to another agri-business co-op. The departure of Gary Helou to run Murray Goulburn Co-operative from September follows Rice Growers shareholders' rejection of a takeover bid from Spanish group Ebro Foods.There is no indication that the two events are linked. SunRice chairman, Gerry Lawson, said the company would begin a search for a new chief executive officer.
2011-06-10
Global News: India Govt hikes paddy MSP by Rs 80/qtl
(News resource: MSN India, Jun. 10, 2011)
The government today increased the support price of paddy to the farmers by Rs 80 per quintal for the current Kharif season to encourage production and meet the requirement of the proposed National Food Security Act. "The minimum support price (MSP) of paddy (common) has been fixed at Rs 1080/quintal and of paddy (grade A) at Rs 1,110/quintal, which represents an increase of Rs 80/quintal over the last year's MSPs," said an official statement after the meeting of Cabinet Committee on Economic Affairs.
The government today increased the support price of paddy to the farmers by Rs 80 per quintal for the current Kharif season to encourage production and meet the requirement of the proposed National Food Security Act. "The minimum support price (MSP) of paddy (common) has been fixed at Rs 1080/quintal and of paddy (grade A) at Rs 1,110/quintal, which represents an increase of Rs 80/quintal over the last year's MSPs," said an official statement after the meeting of Cabinet Committee on Economic Affairs.
2011-06-08
Global News: Sunrice shareholders turn down Ebro bid
(News resource: AFN, Jun. 01, 2011)
Ebro Foods has seen its bid to buy Ricegrowers fall through, after the Spanish food maker failed to win over enough of the company’s investors. The results of a vote of Ricegrowers’ investors showed that Ebro had not secured the backing of both types of the Australian firm’s shareholders for its A$600m takeover offer. Ebro needed the support of 75% of both Ricegrowers’ Class A and Class B shareholders. However, although 76% of Class B investors accepted the offer, only 67% of the Class A shareholders approved the bid.
Ebro Foods has seen its bid to buy Ricegrowers fall through, after the Spanish food maker failed to win over enough of the company’s investors. The results of a vote of Ricegrowers’ investors showed that Ebro had not secured the backing of both types of the Australian firm’s shareholders for its A$600m takeover offer. Ebro needed the support of 75% of both Ricegrowers’ Class A and Class B shareholders. However, although 76% of Class B investors accepted the offer, only 67% of the Class A shareholders approved the bid.
2011-06-03
Dragon-boat Festival is coming
Next Monday (Jun. 5th) is Dragon-boat Festival, a big traditional holiday in Chinese. And it's also a big day for glutinous rice consuming.
Global News: Buy Grains Before China Runs Out: Expert
(News resource: CNBC, Jun. 2, 2011)
China’s self-sufficiency in wheat, rice and corn could be reversed in dramatic fashion in the next few years offering investors a chance to make big returns, according to Richard Ferguson, the global head of agriculture at Renaissance Capital in London. "China’s changing diet, which has seen meat consumption per capita increase by 21 percent in the past decade, has had a dramatic impact on demand for soybeans and corn," said Ferguson in a research note. "We believe that the interaction of the key variables defining prices - output, consumption, yields, planted areas, imports, exports and inventories – are at a major inflection point."
China’s self-sufficiency in wheat, rice and corn could be reversed in dramatic fashion in the next few years offering investors a chance to make big returns, according to Richard Ferguson, the global head of agriculture at Renaissance Capital in London. "China’s changing diet, which has seen meat consumption per capita increase by 21 percent in the past decade, has had a dramatic impact on demand for soybeans and corn," said Ferguson in a research note. "We believe that the interaction of the key variables defining prices - output, consumption, yields, planted areas, imports, exports and inventories – are at a major inflection point."
2011-06-01
Global News: Iraq Agrees to Buy 132,000 Tons of Rice of Thai, U.S. Origin
(News resource: Bloomberg, Jun. 1, 2011)
Iraq agreed to buy 132,000 metric tons of rice from Thailand and the U.S., the country’s grain board said in an e-mailed statement today. The grain was bought from Louis Dreyfus and Ameropa, according to the statement. The original tender was for 30,000 tons and the bidding deadline was May 29. “Iraq consumes as much as 1.2 million tons of rice per year, most of which has to be imported because of the lack of local production mostly due to a shortage of water,” the board said. The country produces about 70,000 tons of rice a year, it said.
Iraq agreed to buy 132,000 metric tons of rice from Thailand and the U.S., the country’s grain board said in an e-mailed statement today. The grain was bought from Louis Dreyfus and Ameropa, according to the statement. The original tender was for 30,000 tons and the bidding deadline was May 29. “Iraq consumes as much as 1.2 million tons of rice per year, most of which has to be imported because of the lack of local production mostly due to a shortage of water,” the board said. The country produces about 70,000 tons of rice a year, it said.
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