HA NOI — The price of many essential goods is expected to remain high until the end of the year, following a report by the Ministry of Industry and Trade today. The price of rice would rise slightly due to an increase in Thailand's export rice price while other food prices were at their highest ever due to crop diseases, higher input costs and a boost in exports to China and Cambodia. However, the Ministry of Agriculture and Rural Development had predicted the price of livestock products on the domestic market would fall 10 to 15 per cent in August.
2011-07-20
2011-07-08
Global News: Thailand's Yingluck says to let baht appreciate: report
(News resource: Reuters, July 7, 2011)
Thailand will continue to let the baht appreciate against the dollar to limit import price inflation, the country's incoming prime minister, Yingluck Shinawatra, told the Wall Street Journal in an interview published on Thursday. Yingluck also told the newspaper she would continue to allow the baht to float freely and had no plans to change the existing exchange-rate system. Suchart Thadathamrongvej, an economic advisor and possible Finance Minister candidate for Yingluck's Puea Thai Party, had told Reuters on Monday that Thailand should move to a managed fixed exchange-rate system for the baht, like China or Singapore, pegging the baht to a basket of currencies.
Thailand will continue to let the baht appreciate against the dollar to limit import price inflation, the country's incoming prime minister, Yingluck Shinawatra, told the Wall Street Journal in an interview published on Thursday. Yingluck also told the newspaper she would continue to allow the baht to float freely and had no plans to change the existing exchange-rate system. Suchart Thadathamrongvej, an economic advisor and possible Finance Minister candidate for Yingluck's Puea Thai Party, had told Reuters on Monday that Thailand should move to a managed fixed exchange-rate system for the baht, like China or Singapore, pegging the baht to a basket of currencies.
2011-07-05
Global News: India Farm Ministry Won't Push for Grain Exports
(News resource: WSJ, July 5, 2011)
India Farm Minister Sharad Pawar said he isn't pushing for grain exports, reversing his previous stand with food inflation remaining high and as the government will require more supplies of rice and wheat for its welfare programs. India's food-grain stocks are at an all-time high of 65.47 million metric tons, about two-and-a-half times the annual requirement for state welfare programs. Still, the government is cautious on exports due to inflation fears and its plan to enact a law that seeks to expand the supply of subsidized grains. "We are not in a position to push for exports as we are waiting for the national food security bill, which is likely to come up in parliament," Mr. Pawar said Tuesday. This is a marked change in Mr. Pawar's stand. As late as last month, he favored exports of rice and wheat, citing surplus stocks and estimates of a bumper harvest this crop year.
India Farm Minister Sharad Pawar said he isn't pushing for grain exports, reversing his previous stand with food inflation remaining high and as the government will require more supplies of rice and wheat for its welfare programs. India's food-grain stocks are at an all-time high of 65.47 million metric tons, about two-and-a-half times the annual requirement for state welfare programs. Still, the government is cautious on exports due to inflation fears and its plan to enact a law that seeks to expand the supply of subsidized grains. "We are not in a position to push for exports as we are waiting for the national food security bill, which is likely to come up in parliament," Mr. Pawar said Tuesday. This is a marked change in Mr. Pawar's stand. As late as last month, he favored exports of rice and wheat, citing surplus stocks and estimates of a bumper harvest this crop year.
Global News: California rice project to strengthen carbon credit market?
(News resource: Western Farm Press, Jun. 30, 2011)
USDA announced in June it would fund nine projects across the country focused on various aspects of greenhouse gas mitigation practices. The Obama administration hopes the projects will strengthen the backbone of markets concerned with carbon credits. Among the projects announced by Agriculture Secretary Tom Vilsack was a $1.1 million grant to the Environmental Defense Fund (EDF) to “develop and implement a first-of-its-kind initiative to demonstrate reductions in greenhouse gas emissions in rice production. ”For the project, EDF will partner with Arkansas-based Winrock International.
USDA announced in June it would fund nine projects across the country focused on various aspects of greenhouse gas mitigation practices. The Obama administration hopes the projects will strengthen the backbone of markets concerned with carbon credits. Among the projects announced by Agriculture Secretary Tom Vilsack was a $1.1 million grant to the Environmental Defense Fund (EDF) to “develop and implement a first-of-its-kind initiative to demonstrate reductions in greenhouse gas emissions in rice production. ”For the project, EDF will partner with Arkansas-based Winrock International.
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