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Issue # 6
Editorial Board
Chief Editor Hamlik Managing Editor Rahmat Ullah Rozeen Shaukat English Editor Maryam Naseer Business Development Manager Mujahid Ali Graphic Designer Mohammad Zakriya Marketing Executive(s) Sarfraz Ahmed Khalid Shabbir (UAE) Shamsahd Ahmad (Saudi Arabia) Legal Advisor Advocate Zaheer Minhas Editorial Advisory Board 1. Admiral (R) Hamid Khalid 2. Javed Islam Agha 3. Ch. Hamid Malhi 4. Dr. Akhtar Husain 5. Dr. Fayyaz Ahmed Siddique 6. Dr.Abdul Rashid (UAF) 7. Islam Akhtar Khan
Co nt en ts
Editorial Note Bran Oil Threats to Basmati Rice Production Rice: Steps towards High Yield and Quality Management of Mycotoxin Contamination in Rice Rice Personality Weed Control In Rice Glimpse of UIP Exhibition Country at a Glance Who Eats Rice? Call for Exporters Crop Simulation- Rice Rice Market and Exports of Pakistan Green Revolution at Risk - PARB Efforts Oryza News Current News Upcoming Conferences on Rice/ Agriculture Events, 2012 Zarai Taraqiati Bank Ltd. (ZTBL)Islamabad
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Rice Plus July- September, 2012
Editorial Note
Welcome to the summer edition of Rice plus Magazine. In sub-continent, farmers are busy in planting or transplanting the rice nurseries for main crop. In Vietnam crop is ready but farmers are delaying harvest as the prevailing prices are 55% less than last year, inspite of cost increase. The global rice trading turmoil which started by the entry of Indians with lower prices is continuing. Thailand, India and USA policies of irrational subsidy to the farm sector is creating a great distortion in rice global trade. The prices at which Thailand government is buying under rice mortgage prices are $150 to 200 per ton more than prevailing international prices. Indian government is doing same thing under MSP(Rs 10800 per ton/49=220$,when converted to rice is$430 ex mill and $470 FOB. While India is selling at $430 per ton thanks to 19% devaluation of Indian rupee at INR10800 per quintal cost millers US$430 per ton ex mill and $470 FOB currently. Same is the case with USA who pays subsidies to the farmers. This is causing distortion in the global rice market for countries like Vietnam and Pakistan. This is a very critical time for importing countries specially Nigeria, East Africa, Iraq, Iran, Saudi Arabia, North Korea and may be for China, as Thai government is going to hold the stock till 5% benchmark prices reaches $800 .If Indian government raises MSP by $32 per ton (as recommended by CACP) then prices can go very high but India can offload another 5to 6 million tons at least out of 32 million tons stocks which is 4 times high. Indian can afford to allow export of another 8 to10 million ton to rival holding. A week monsoon will not allow them to continue for a longer time is the only possibility of slow export from India. So, global rice prices after remaining under pressure for another four months may start rising. Rice industry has played a very effective and positive role in managing food security situation by supplying adequately and with reasonable prices. The good news are coming about the performance of CL 8, hybrid rice developed by Philippine-IRRI department (not International Rice Research Institute).For the last three years global rice production has outpaced consumption, inspite of increasing population pressure. Aromatic rice prices are now establishing over $1000 per ton mark. It is a good sign, though it has touched $1400 per tons. The biggest challenge for rice scientist in India and Pakistan is to develop basmati varieties which has aroma and higher per acre production. Water conservation in growing rice is another challenge. Historically rice growing is considered a water intensive activity. In many countries flood irrigation is being used at large scale. Excessive use of water not only drops water table but at the same time it is harmful to ozone layer due to methane production. African countries especially east Africa is in danger of having famine and drought, resulting in low rice production. Weather pattern in Indonesia and India (re appearance El Nina) are worrying point. It is encouraging to see new players in global rice trade. Cambodia, Myanmar, Brazil and Uruguay are proving consistent suppliers in global rice market. Upcoming challenges for Rice scientist community are reduction in use of chemical fertilizers, heavy metal contents, MRL (insecticides) less use of water, pre/post harvesting losses, long term storage solutions, improving milling recovery(reducing husk weight from 20%),efficient milling machinery etc. All the stake holders of rice Industry especially non-basmati segment, which accounts more than 85% of total global trade are going to face many challenges like rising input cost and environmental aspects(rice cultivation contributes 20% of total global production of Methane gas). Keep watching Indian monsoon movement, may impact global rice drastically.
Bran Oil
Ubaida Nisar , University of Agriculture, Faisalabad. Rice bran, one of the main by-products of rice milling industry, has been recognized as an excellent source of edible oil, protein, dietary fiber and allied micronutrients. In Pakistan, it is under-utilized and generally used in poultry feed and fuel purposes. It contains about 15-20% edible oil, which could efficiently be used for covering the oil deficiency in the country. From the investigations, it is found that rice bran has a potential to be used for oil extraction and preparation of value added products. This will not only be helpful to fulfill the country's edible oil requirement but also to cope with the protein deficiency in the communities at risk through bran supplemented value added products. Rice bran oil has been used extensively in Asian countries like Japan, Korea, China, Taiwan, Thailand, and Pakistan. India tops in producing rice bran oil in Asia, followed by Japan and Thailand. It is the preferred oil in Japan for its 1 subtle flavor and odor. Interest in rice oil in the United States was initiated after WWII, primarily to provide an additional revenue stream to the rice miller. Recently, interest in bran oil escalated with its identification as a ''healthy oil'' that reduces serum cholesterol. The American Heart Association (AHA) recommends that the average intake of fat should be 30% of your total caloric intake. This fat intake should consist of balanced fat, which provides nutrients that are essential to sustain life. A balanced fat intake should contain approximately 30% saturated fat, 33% poly-unsaturated fat, (containing Essential Fatty Acids) and 37% mono- unsaturated fat. Rice bran oil is used in foods, feed, and industrial applications. Only high-quality oil is targeted to foods. The use of rice bran oil in Japan, where it is the largest volume domestically produced vegetable oil, is used as frying oil while its flavor is preferred over alternative oils. The oxidative stability of rice bran oil is equivalent to peanut and cottonseed oil in deep frying applications, blends of rice bran oil with soybean oil reduces the increase in total polar material (TPM) depending on the amount of rice bran oil in the blend. Potato chips fried in rice bran oil show flavor and odor stability at elevated temperatures between that of peanut and cottonseed oils. The nonfood uses of rice bran oil are feed formulations, soaps and glycerin. Waxes may be used as a carnauba wax replacement in confectionery, cosmetics and polishing compounds products. Use of rice bran oil grows as a specialty ingredient in the cosmetic/personal care market.
Rice bran oil contains a range of fats, with 47% of its fats monounsaturated, 33% polyunsaturated, and 20% saturated. Fatty acid composition of rice bran oil has Palmitic 15.0% Stearic 1.9% Oleic 42.5% Linoleic 39.1%
Bran Rice Provides Great Potential for Investment in Pakistan The demand is for natural, value-added healthy ingredients. This oil is the most balanced
and versatile oil in the market and closest to the AHA recommendations. Rice bran oil is a superior salad for cooking and frying which leaves no lingering after taste. The high smoke point prevents fatty acid breakdown at high temperatures. Its light viscosity allows less oil to be absorbed in cooking, reducing overall calories. It mixes better in salad dressings and improves the taste of baked goods, providing cholesterol reduction, nutritional and anti-oxidant value. Extraction of oil from Paddy bran is one of the main by- products of the rice milling industry. In first phase if we successfully install more than 20 Bran Oil producing plant nearest to rice mills, the project will initially yield an annual income ofbetween 50.00 to 60.00 Million US $. As far as this project is concerned, if the Government give incentives to Rice Millers in connection with Duty Free import of such Plant, we can definitely save heavy foreign exchange incurred on import of cooking oil .
Rice Plus July- September, 2012
Rice Personality
Mr. Javed Islam Agha Chairman, Rice Exporters Association of Pakistan CEO, Reem Rice Mills (Pvt.) Limited Human development is product of short and long term struggle of few legends in the history. But there are individuals, who did struggle in life synonymous to each other. Rice sector of Pakistan is highly indebted to 4-5 legends, who devoted themselves for the progress of rice sector by inspiring vision, taking bold initiatives and leading the sector through odds. Javed Islam Agha is appraised as one of the legendry pioneers who made the struggle for rice as part of life during last 25 years. He is an Electrical Engineering Graduate from UET, Lahore having experience with national and international market. He was the founder chairman of Rice Exporters Association of Pakistan from 1994-1997. Again he is elected Chairman REAP for the period of 2011-2012. He is Chief Executive officer of Reem Rice Mills (Pvt) Ltd, a joint venture of Al-Muhaidib group of Saudi Arabia and Al-Ghurair group of U.A.E since 1997. Mr. Javed Islam Agha agreed to share his views on global & domestic rice sector by sparing his valuable time. Rice plus: How do you feel by taking additional responsibilities of being chairman REAP? Mr. Javed Agha: REAP is brainchild of a few friends including myself. We always own it and feel pleasure for its working & improvement along with other professional responsibilities. It is very challenging time & this position requires lot of attention to lead, manage and monitoring. Being a Chairman, it is more important for me to enhance the growth of Pakistani rice export through the platform of REAP. We are rigorously and consistently working for better marketing and achieving standardization of rice quality being exported from Pakistan. Rice plus: How you will justify the role of QRC in the changing scenario of Basmati trade globally?(Especially, in the case when, India has changed the definition of Basmati Rice to facilitate the export of C1121 variety, which has non-basmati parents). Mr. Javed Agha: Inspite of all opposition from vested interests, the self- disciplinary mechanism of QRC has proved very effectively for the promotion and recognition of Pakistan's Basmati Rice which is photo period sensitive and aromatic. The new Indian varieties including Pusa 1121 are neither photo period sensitive nor aromatic. The presence of QRC is very essential to check adulteration and certify the authenticity of Basmati Rice of Pakistan which is unique in the world. We must pay attention for the development of new rice technologies, modern production facilities and improved quality of rice to compete the Indians who are making fast developments in this area. Rice plus: The trade between India & Pakistan is going to be liberalized now. Do you think that it will affect Pakistan's rice industry? How can we overcome upcoming challenges? Mr. Javed Agha: The trade between India and Pakistan will not pose any threat as long as Level Playing Field is provided to Pakistani traders and exporters. If we just analyze the prevailing scenario of both countries, the Indian farmer has more subsidies, cheap electricity, fertilizers and taxes. On the contrary, Pakistani farmer has no subsidy, less support of government, high energy prices, and very high cost of fertilizers almost double as compared to India. The import of rice in India is subject to 70 80 % duty while import of rice in Pakistan is having 14% duty and other taxes. We have to protect our farmers by Counter Veiling Duties. We have to ask our authorit
Rice Personality
Mr. Javed Agha: Historically pure basmati 370 was first developed by Rice Research Institute, Kala Shah Kaku (RRI-KSK) in 1937, which means it belongs to Pakistani territory. During the war of 1965 Indians took basmati paddy from Sialkot area to India and multiplied it in their own country. India has developed big brands by taking the advantage of our nationalization policy in early 70s, when, Government of Pakistan nationalized rice business and export control was given to RECP. It banned export of rice by private sector and mechanism of Government to Government (G to G) export was introduced. It ultimately damaged the name of Pakistani rice in international market. In early 90s an eminent scientist of Pakistan Dr. Abdul Majeed, Director General of Rice Research Institute-Kala Shah Kahu developed another pure strain of Super Basmati Rice which was photo period sensitive and aromatic. In the mean -time rice trade was deregulated in 1989-90 and Pakistani private sector started developing new markets for rice export and developed earnings of Pakistan from US$300 Million to US$ 2 Billion. The new varieties such as Pusa and 1121 developed by the Indian recently although have longer grains but they are neither photo period sensitive nor aromatic. I can see a promising future of our new Basmati variety 515 recently developed by RRI-KSK which will Insha Allah replace Super Basmati. It has better yield extra -long grain and aromatic. Rice plus: How electricity shortage and water deficiency is affecting the production of rice? Mr. Javed Agha: This is very serious issue as cost of production is increasing everyday with the continuous increase in the prices of electricity. There is no subsidy by the government. Water is also becoming scarce in many areas.. We should preserve and store water by developing water reservoirs / Dams through consensus otherwise our land will become barren. The rice industry of Pakistan is earning two billion dollar per annum and become second largest foreign exchange earner after textile. The government is paying more attention to solve energy crisis of textile industry while the rice industry equally deserves the same. Rice plus: Pakistan is known as one of the largest rice exporter, but the changing situation needs more advancement and exploration of new opportunities. Is REAP also trying to approach new emerging markets for export? Any policy or plan about this? Mr. Javed Agha: Being the 5 largest exporter of the world, we enjoy this esteemed position. Yes, I agree that ultimate achievers always keep an eye on the development of the new technologies for winning the future. The platform of REAP is aware of this vital demand. Now we are exporting rice to more than hundred countries in the world and our new variety basmati 515 carries lot of potential e if it is developed and commercialized properly. For having a winning edge, we are trying to approach new markets as well. In future, export is going to be technical. For this, we should try to modernize our milling pattern for generating less broken and pinheads to achieve better Head Rice yield and longer grain length. We also need clean and protected warehouses from insects such as beetle khapra with improved sanitary measures, consultancy to farmer and miller for pre and post harvesting technologies, marketing strategies and up gradation of our labs according to international standards so that our certifications process can be equal to international standards Rice plus: How can an entrepreneur enter into rice business and how REAP can help? Mr. Javed Agha: The orientation of basic knowledge is very important. As a Chairman REAP, I will recommend three steps for interested entrepreneurs who want to enter into rice industry. First, start from trading of rice to understand the various varieties and there price structure in the market which should follow by exporting smaller quantities to understand the complications in the field of export. Third, when you get sufficient knowledge and experience, you can make your own processing facilities. The proactive and aligned approach will help for better growth of this industry. Rice plus: How the increase in prices will have impact the preferences of global consumer? Mr. Javed Agha: The increase in prices is definitely affecting the preferences of our global consumer. They are going for products having cheaper prices. Our basmati is still sold at high price because of its aroma, taste and quality.. Basmati is our identity but we should try to keep its pricing within reasonable limits otherwise the cheaper rice of other countries will take its place in the international market. (Contd...)
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Rice plus: How REAP can bring foreign investment in the rice industry of Pakistan? Mr. Javed Agha: Being a commodity, Basmati business has low margins as compared to other businesses. The margin would be increased only by developing value added products like rice bran oil, instant rice products and rice nutrient cereals etc. We can attract foreign investment by ensuring our brands having good quality and cheaper price as has been recently achieved by MATCO. Rice plus: How Pakistan can protect our rights keeping in view Geographical Indications (GI) laws? Keep in view the heritage of hamalyian terrain, Basmati is grown in Sudan, Ethiopia and Philippine has announced export to Middle East. Mr. Javed Agha: Strategic Trade Policy Framework 2009-2012 clearly showed government decision that a sui generis GI Law will be enacted on fast track basis and TDAP was given the authorization to hold ownership of all GI products of Pakistan on behalf of the people of Pakistan. My question to TDAP is what the status of this decision is and why it was not followed properly in the first place for the past three years? Once it is done no country can sell rice by using the name Basmati. Rice plus: In your opinion which steps are needed to improve economy & increase rate of innovations in rice sector? Mr. Javed Agha: We have to do lot of research to develop new varieties having better yield and quality; we have to improve our harvesting technique to avoid breakage and aflatoxin in paddy; clean and healthy storage facilities to avoid infestation and our Millers have to upgrade processing units in order to control wastage. The support of Government plays a vital role. Government needs to spend more on R&D by providing timely funding. The laboratories should be well equipped and must have necessary infrastructure f or Research purpose. We just need to develop more rice varieties on frequent basis. Our R&D centers must produce quality products and their certification must be acceptable all over world. End of the interview
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The suggestions for boosting rice yield are: varietal improvement for better agronomic traits and quality with the disease / insect resistance, development and application of IPM technology for better yield and cleaner environment, improving the quality of cereal production through improved harvesting and post harvest operations, improving productivity through better crop stand establishment, economic and sustainable management of nutrients, improvement in rice acceleration, training and dissemination of information, continue public-private cooperation, the development and commercialization of hybrid rice, development of high efficiency, short duration, resistant to pests and abiotic stress tolerant varieties with the desired grain quality through conventional and innovative approaches, improvement of traditional methods of rice cultivation, making innovations in breeding, stand establishment of crops, harvest and postharvest operations.
Table 1.Mycotoxins contamination in rice and rice based products Disease/ Mycotoxin: Country Levels (Range) Fungal Speices Syndrome
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Country at a Glance
Nigeria: One of the Big Rice Importers
Rice in Nigeria at Glance
Years Domestic Consumption
Unit of Measure (1000 MT)
Production
Imports
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
3307 3670 3750 3800 4040 4000 4220 4580 5030 5000
1757 1870 2000 2140 2546 2008 2632 2730 2615 2709
1897 1448 1369 1650 1500 1800 1750 1750 2400 2300
Nigeria with 150 million population backed by 1.93% th annual population growth is ranked 8 country in world population. Nigeria is the largest country in continent Africa and because of rising consumption of rice it became a matter of attention for rice exporting countries. Due to continuous population growth and improving life style, the demand for rice is growing. The import estimates in 2010/11 is 2.3 million tons, up from 1.75 million tons in 2009/10. The increase reflects the fact that rice is well established as a basic food staple and the price of imported parboiled rice competes effectively with local alternatives.The statistics in graph presents very lucrative options for rice exporters of
Pakistan. Especially, the new entrants in rice export can explore this opportunity and gain competitive edge by ensuring strong presence there.
The experienced business holders can diversify their rice export by finding rice importers in Nigeria. It produces almost half of its rice consumption through local cultivation. Therefore, Nigeria has to feed rest half of rice demand from sources outside the country. There is another fact that demand of rice consumption is growing more rapidly than growth of production. Demand of rice in Nigeria has increased from 3307 (MT in 000) to 5000 in 2011 and local production has increased from 1757 to 2709 in the same period. The growth in consumption is almost double than growth in production of rice. The gap has to be responded by exporters of quality product and Pakistan should be among those countries who can earn the fruits at highest level from Nigerian market.
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Consumption
Per Capita 245 166 163 160 157 152 129 125 103 102
Countries
Sri Lanka Guinea Sierra Leone Guinea-Bissau Guyana Nepal Korea,DPR China Malaysia Republic of Korea
Consumption
Per Capita 97 95 92 85 81 78 77 77 77 76
Rice exporters around the world must have strategies to serve the market of high potential. Although, population size determines the potential also, but there are factors, like pricing, consumed varieties, marketing trends and consumption style of consumers, which offers attractive options for rice exporters.
Eating Rice Helps You Lose Weight, Finds Study; Is the Indonesia Trade Minister Reading This?
A new study conducted at the University of Minnesota, U.S. has found that the fullness and satisfaction experienced by eating rice is important for people trying to lose weight. In effect, the study dismisses deep-rooted beliefs in several rice eating countries that eating rice makes one overweight. Researchers presented their finding today & said that hunger and satiety lasted longer for rice eaters, thus preventing them from gorging on food again and again.The research also found that both white and brown rice measured up equally on satiety and fullness scale. It's no surprise that populations in countries that eat the most rice are often the leanest and among the healthiest in the world. Rice is also a budget-friendly food, costing just 10 cents per serving.
Source: Oryza News, 27 June 2012
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Basmati Segment
Super Basmati (White) Super Basmati (Parboiled) Basmati Rice Super Basmati Brown Rice 409,336 Tons 115,350 Tons 167976 Tons 63468 Tons
Total
756,131/-
Total
2,331,432 /-
Even Indian Rice prices remained very much competitive than Pakistan and good demand shifted to India but still performance of Pakistani export is quite satisfactory and will meet the target of exports of 04 million this in this fiscal year.
Remaining part of page#6
Most of the time, mycotoxins production is unavoidable, and unpredictable too, which makes it a unique challenge with reference to food safety and human health. Control of mycotoxins in rice is the need of time, and should be integrated control strategies for its decontamination, as a single remedy is unable to fulfill the requirements of food safety. One thing should be clear at this stage that complete elimination of mycotoxins from rice grains is impossible in our climatic and storage conditions, however, the contamination level can be managed to a certain level, acquiring the food safety standards described by various international agencies.
Rice Plus July- September, 2012
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PARB Corner
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Oryza News
1. Philippines to Export 'Wild Rice' (Not Basmati) Next Year The Philippines' Agriculture Secretary has reiterated that the country will begin rice exports next year, but has for the first time said that the rice will labeled as "wild rice" and not basmati. The news came as a jolt to basmati rice stakeholders in India and Pakistan, two countries that claim that basmati is their national heritage and is protected under the Geographical Indication (GI) Act. Pakistani officials told Oryza that basmati rice can be neither grown nor exported from any other country except India and Pakistan, and threatened to take up the issue in the World Trade Organization against the Philippines.However, the Agriculture Secretary said that the aromatic rice will continue to be known as basmati rice locally. U.S. Senate Passes Farm Bill 64-35 - Commodity Organizations Pleased, Rice Farmers Disappointed The U.S. Agriculture Committee has passed the Farm Bill, "The Agriculture Reform, Food and Jobs Act of 2012,". Some Republican and Democratic senators say that the Farm Bill will cut overall spending by $23 billion over 10 years, and several large commodity organizations congratulated the Senate on its passage. However, several rice farmer groups and Senators representing them are disappointed. They say that besides other lacunae in the Bill, rice farmers have been unfairly asked to take a 65% reduction in the safety net funds, against the 30% average reduction for other crops. Rice farmer groups are also worried that stopping direct payments will hurt rice farmers the most. They have expressed hope that the House of Representatives will consider the interests of the U.S. rice industry before legislation. 3. Indonesia Rice Output Forecast to Rise 3.3% in 2012 Indonesia's Deputy Agriculture Minister has said that rice production in the country is expected to increase by 3.3% in 2012, and that Indonesia has not decided on the volume of rice imports for this year. A rise of 3.3% in rice output could reduce demand for imported rice by Indonesia significantly. Though Indonesia is a large producer of rice, it is also one of the largest rice consumers and importers of the world. Last year, the country imported about 2.8 million tons, about 7.8% of the total domestic production of about 35.5 million tons. Indonesia's import policy bars the government from announcing import requirements before the harvest completes in June. However, the UN's Food and Agriculture Organization (FAO) estimates that Indonesia will import about 1.5 million tons of rice in 2012, including the 700,000 tons of rice already exported before harvest began 4. Oryza Rice Recap - Rice Subsidies in the U.S., India, and Thailand The Indian rupee has declined about 25% since May of last year, compared to about a 10% decline in the Pakistani rupee over the same period. Thai and Viet currencies have been little changed. India's decision last autumn to allow exports of non-basmati rice for the first time in 4 years weighed upon prices and so too did the weakening rupee, making already very competitive Indian rice priced yet more competitive on world markets. Pakistan's rice exporters have recently expressed frustration in the rupee's downward pressure on rice prices, saying that the Pakistani government needs to provide additional support to the sector. Thai rice farmers are receiving via the Thai rice mortgage scheme. Promising fair bounties for all is politically popular, but often the easiest promises to make are the hardest to keep - in the long run. Source with Thanks: http://oryza.com 2.
Current News
1. 2. 3. 4. 5. 6. 7. A week monsoon is expected in India and onset of monsoon on Kerala state in South is delayed by six days. Cambodia is expected to have rice surplus of 2.78 million tons which will be available for export. Last year Cambodia exported 750,000 tons. Bangladesh lifted ban on export of Aromatic Rice, due to bumper crop. Sri Lanka has decided to allow export of 50,000 tons of rice primarily to South Africa in anticipation of good crop area under Hybrid rice cultivation which will increase upto25% in India. Iran again defaults on rice payment. International Finance Corporation and MATCO rice Processing Pakistan has entered into a deal after resolving quarantine related issues. China has allowed the resumption of rice import from Cambodia. Minimum Support Price (MSP) of paddy issue in India is getting confuse. As ministry of food is not agree to the recommendation of Ministry of Agriculture which has suggested an increase of $32 per ton and $18 per ton as bounce. Ghulam Rasul & Co, a Pakistan based contractor of Saudi star company in Ethiopia lost three of its workers in Gambella during a rebel attack. TTY to open $6 million rice plant in African countries especially east Africa may face feminine and hunger. Philippine is seeking an extension of three years in Quantitative Restriction Quota for 3 years. Thailand has extended rice mortgage scheme till 2013, the price of 5% bench mark grade to $800 per ton. Current price is $625. A week monsoon is expected in India and onset of monsoon on Kerala state in South is delayed by six days. Bangladesh may import 900,000 tons of rice due to less than targeted production this year (production is expected 33.87 million tons against target of 34.7 million tons. Philippine is expected to limit rice import to 500,000 metric tons next year but it seems an uphill task. El-Nino might adversely impact rice production in India and Indonesia. Vietnam rice farmers plant inferior varieties of rice despite warning from Government department. Pakistan Customs Authorities turn down a request from REAP to exempt grain Silo import from duty. Philippine company has developed a hybrid seed (SL8), capable of producing 12-15 tons/hectare. Indonesia will import 1.5 million tons this year including 700,000 tons already imported. Brazil will be aggressive exporter of rice like in 2009-2010(exported more than 1 million tons) after a week export performance in 2011. Philippine finally agreed not to use "Basmati name while exporting rice to gulf countries, but will continue to call it "Basmati" locally. Russia might import 200,000 tons of rice this year due to less production.
8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22.
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Types of Deposits PLS Saving Account Business Deposits Accounts PLS Term Deposits 03 Months 06 Months 12 Months 24 Months 36 Months 48 Months 60 Months & Above Zarai Munafa Term Deposit Certificate ( Fixed) Deposit Period Less than 3 Months 3 months & before 6 months 6 months & before 12 months 12 months & before 18 months 18 months & before 24 months 24 months & before 30 months At completion of 36 months
Rates of Return 6.00% p.a 6.00% p.a 6.10% p.a. 6.20% p.a. 6.30% p.a. 6.60% p.a. 6.80% p.a. 7.10% p.a. 7.40% p.a.
10.50% p.a.
Types of Deposits Rates of Return Mustaqbil Mehfooz Deposit 8.00% p.a. (Fixed). Zarai Term Deposit 6.00% p.a. Certificates ( Fixed 3 Years) Rozana Bachat Accounts (Deposit Balance ) Less than Rs. 10,000/ 6.00% p.a. Rs. 10,001 / - to Rs. 100,000/ 6.50% p.a. RS. 100,001/ - to Rs.500,000/ 7.00% p.a. Rs. 500,001 to Rs. 5,000,000/ 8.00% p.a. Rs. 5,000,001/ to 10,000,000/ 9.00% p.a. Rs. 10,000,001 / and above 10.00% p.a Minfa Revolving Fund Deposit Account 7.50% (For Village Organization ) Minfa special saving Deposit Account 7.50 % (For Village Organization )
Profit Rate on Premature Withdrawal Rates of Return Nil 2.5% p.a. 3.00 % p.a. 3.50 % p.a. 4.00 % p.a. 4.50% p.a. 6.00% p.a.
Agriculture stakeholders can benefit from the information about rate of returns offered by ZTBL. Rice plus Magazine always try to provide information useful for rice and allied sectors stakeholders.
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