25th July, 2014 Daily Global Rice E-Newsletter by Riceplus Magazine

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Milltec Machinery: Spreading Wings With Rice Mill Machines
Nagpur Foodgrain Prices - APMC & Open Market-July 25
TABLE-India's poor monsoon slows summer crop sowing
Markets See Quick Spike in Rice Prices
Korea seeks approval for rice tarrification
Kenya's decision of increasing import duty affects rice industry
20% discount on rice, flour, oil
Commerce to propose resuming rice sale next month
Monsoon revival keeps rain above average
Pakistan. Rice export decreased by 8.44 percent in June
Rice export decreased by 8.44 percent in June

Daily Rice E-Newsletter by Rice Plus Magazine www.ricepluss.com

Rice Leadership program accepting applications
SunRice looking to expand production into Queensland

News Detail
Milltec Machinery: Spreading Wings With Rice Mill Machines
by Harichandan Arakali
A company that manufactures rice mill machines is ready to spread its wings
R Ravindranath (left) and J Rajendran
Jul 24, 2014 | 1535 views
by Harichandan Arakali
A company that manufactures rice mill machines is ready to spread its wings
R Ravindranath (left) and J Rajendran
Alarge Ganesha idol still in its polythene wrap is the lone fixture in an otherwise Spartan boardroom at the
Bangalore headquarters of Milltec Machinery. It is an appreciation award from the Rice Millers Association of
Tumkur, a neighbouring district of Bangalore. Certificates for quality excellence and achievements occupy most
of the wall behind the idol. Milltec deserves the accolades: For 16 years it has been making rice-milling
machines, used by a third of mid-market rice millers across India.
The milling process involves removing husk, polishing and grinding grains. When R Ravindranath and J
Rajendrantwo of the four original foundersstarted the company in 1998, they made only rice milling
equipment. Over the years, they broadened the range of machines in the agri-processing industry and now
manufacture roller flour and maize mills and plants to process pulses. Today, it dominates a segment that once
relied solely on less organised and hyper-local suppliers with no guarantee of after-sales support.Milltec caught
the attention of private equity investor Multiples Alternate Asset Management only last year when the founders
were unable to agree on the companys growth plans. With Multiples investing Rs 180 crore, Ravindranath and
Rajendran bought out their partners for Rs 250 crore. (They took a Rs 35 crore loan from L&T Finance.)
Multiplesfounded by Renuka Ramnathhas a 49 percent holding. The deal left the duo with a 51 percent
stake.


The men behind itMilltec was born out of water-cooler chats and tea-break conversations between Ravindranath
and Rajendran, engineers and colleagues at Bhler Holding AGs India unit in Bangalore. Their conversations
became more specific, and the idea of Milltec was born: It would steer clear of large millers that companies like
Bhler cater to, and small home-grown millers. Instead, it identified the untapped Rs 600 crore mid-segment
market, which it now dominates. Colleagues and industry experts were sceptical, which made the founders all
the more determined.

Milltec started at a time when the technology that the founders had seen at Bhlersheet-metal technology and
laser cutting toolswas hard to come by. Its not like we built a machine and installed it and everything was
fine. Things went wrong, we had to tweak the design, even take back the machines sometimes, until we finally
got them working, the founders said. Rajendran, 48, drives operations while his fellow MD, Ravindranath, 51,
is responsible for galvanising millers to buy their machinery. I didnt want to work for other people. I wanted
to be my own boss, says Ravindranath, who can look back at the 15 years of toil with justifiable pride. Milltec
made revenues of Rs 190 crore in FY2014, and targets Rs 275 crore for FY2015.
Nagpur Foodgrain Prices - APMC & Open Market-July 25
Fri Jul 25, 2014 2:41pm IST
Nagpur, July 25 (Reuters) - Gram prices in Nagpur Agriculture Produce and
Marketing Committee (APMC) firmed up again on renewed demand from local millers amid weak supply
from producing regions. Estimate of weak gram production in this season, healthy rise in Madhya
Pradesh gram prices and reported demand from South-based millers also boosted prices, according
to sources.
* * * *
FOODGRAINS & PULSES
GRAM
* Gram varieties remained steady in open market here on subdued demand from local
traders amid ample stock in ready position.
TUAR
* Tuar gavarani recovered strongly in open market here on good demand from local
traders amid thin supply from producing regions.
* Moong Chamki zoomed up again in open market on increased buying support from local
traders amid tight supply from producing regions.
* In Akola, Tuar - 4,200-4,400, Tuar dal - 6,000-6,400, Udid at 7,000-7,200,
Udid Mogar (clean) - 8,000-8,500, Moong - 7,200-7,600, Moong Mogar
(clean) 8,600-9,300, Gram - 2,500-2,800, Gram Super best bold - 3,400-3,700
for 100 kg.

* Wheat, rice and other commodities remained steady in open market
in thin trading activity, according to sources.


Nagpur foodgrains APMC auction/open-market prices in rupees for 100 kg
FOODGRAINS Available prices Previous close
Gram Auction 2,500-2,600 2,410-2,600
Gram Pink Auction n.a. 2,100-2,600
Tuar Auction n.a. 4,300-4,500
Moong Auction n.a. 4,400-4,700
Udid Auction n.a. 4,300-4,500
Masoor Auction n.a. 2,600-2,800
Gram Super Best Bold 3,900-4,200 3,900-4,200
Gram Super Best n.a.
Gram Medium Best 3,500-3,600 3,500-3,600
Gram Dal Medium n.a. n.a.
Gram Mill Quality 3,250-3,350 3,250-3,350
Desi gram Raw 2,900-3,000 2,900-3,000
Gram Filter new 3,000-3,200 3,000-3,200
Gram Kabuli 8,000-9,500 8,000-9,500
Gram Pink 7,200-7,400 7,200-7,400
Tuar Fataka Best 6,800-6,950 6,800-6,950
Tuar Fataka Medium 6,500-6,600 6,500-6,600
Tuar Dal Best Phod 6,100-6,250 6,100-6,250
Tuar Dal Medium phod 5,700-5,950 5,700-5,950
Tuar Gavarani 4,600-4,700 4,500-4,600
Tuar Karnataka 4,650-4,850 4,600-4,800
Tuar Black 8,000-8,300 7,900-8,200
Masoor dal best 6,200-6,450 6,200-6,450
Masoor dal medium 6,000-6,300 6,000-6,300
Masoor n.a. n.a.
Moong Mogar bold 9,600-10,100 9,500-10,000
Moong Mogar Medium best 8,500-8,700 8,400-8,600
Moong dal super best 8,100-8,700 8,000-8,600
Moong dal Chilka 7,900-8,400 7,800-8,300
Moong Mill quality n.a. n.a.
Moong Chamki best 8,000-9,100 7,800-9,000
Udid Mogar Super best (100 INR/KG) 8,600-9,000 8,600-9,000
Udid Mogar Medium (100 INR/KG) 7,700-7,900 7,700-7,900
Udid Dal Black (100 INR/KG) 6,100-6,900 6,100-6,900
Batri dal (100 INR/KG) 4,200-5,000 4,200-5,000
Lakhodi dal (100 INR/kg) 2,750-2,900 2,750-2,900
Watana Dal (100 INR/KG) 3,100-3,300 3,100-3,300
Watana White (100 INR/KG) 3,500-3,600 3,500-3,600
Watana Green Best (100 INR/KG) 5,000-5,600 5,000-5,600
Wheat 308 (100 INR/KG) 1,200-1,500 1,200-1,500
Wheat Mill quality(100 INR/KG) 1,600-1,850 1,600-1,850
Wheat Filter (100 INR/KG) 1,200-1,400 1,200-1,400
Wheat Lokwan best (100 INR/KG) 1,900-2,200 1,900-2,200
Wheat Lokwan medium (100 INR/KG) 1,600-1,800 1,600-1,800


Lokwan Hath Binar (100 INR/KG) n.a. n.a.
MP Sharbati Best (100 INR/KG) 2,600-3,300 2,600-3,300
MP Sharbati Medium (100 INR/KG) 2,100-2,500 2,100-2,500
Wheat 147 (100 INR/KG) 1,100-1,300 1,100-1,300
Wheat Best (100 INR/KG) 1,500-1,800 1,500-1,800
Rice BPT (100 INR/KG) 2,900-3,200 2,900-3,200
Rice Parmal (100 INR/KG) 1,600-1,800 1,600-1,800
Rice Swarna old (100 INR/KG) 2,700-2,900 2,600-2,800
Rice HMT (100 INR/KG) 4,000-4,300 4,000-4,300
Rice HMT Shriram (100 INR/KG) 4,700-5,200 4,700-5,200
Rice Basmati best (100 INR/KG) 10,400-13,000 10,400-13,000
Rice Basmati Medium (100 INR/KG) 7,300-10,000 7,300-10,000
Rice Chinnor (100 INR/KG) 5,200-5,600 5,200-5,600
Jowar Gavarani (100 INR/KG) 1,300-1,500 1,300-1,500
Jowar CH-5 (100 INR/KG) 1,600-1,700 1,600-1,700

WEATHER (NAGPUR)
Maximum temp. 26.9 degree Celsius (80.4 degree Fahrenheit), minimum temp.
23.3 degree Celsius (73.9 degree Fahrenheit)
Humidity: Highest - n.a., lowest - n.a.
Rainfall : n.a.
FORECAST: Generally cloudy sky. Rains or thunder-showers likely. Maximum and Minimum temperature likely to be
around 32 and 23 degree Celsius respectively.

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but included in market prices.)

TABLE-India's poor monsoon slows summer crop sowing

Fri Jul 25, 2014 6:34pm IST
July 25 (Reuters) - India's poor monsoon has delayed sowing
of summer crops such as rice, corn, cotton, pulses and oilseeds,
government data showed on Friday. The parched rice, soybean, cotton growing areas will receive more rainfall next
week as the monsoon is expected to continue
its wet revival phase. The table below shows the area sown with main summer crops
between June 1 and July 24, in million hectares.
Figures are provisional.
---------------------------------------
CROP Normal Area 2014 2013
---------------------------------------
* Rice 19.75 16.57 19.00
* Corn 6.34 4.33 7.12


* Pulses 6.66 4.45 7.33
-Tur 2.32 1.63 2.88
-Urd 1.52 0.95 1.73

* Oilseed 13.04 10.79 15.31
-Soybean 9.06 7.78 11.00
-Groundnut 2.93 2.26 3.34

* Cane 4.84 4.64 5.03
* Cotton 10.22 7.61 10.50
---------------------------------------
Source: Agriculture Ministry
----------------------------------------

(Reporting by Ratnajyoti Dutta in NEW DELHI; editing by Malini

Markets See Quick Spike in Rice Prices
Kang Mi Jin | 2014-07-25 18:10
Market rice prices in North Korea held steady throughout the farming hardship period in April and May; however,
prices have recently started to rise. In towns near the border, including those in the provinces of Yangkang and North
Hamkyung, rice has reached 6,000 KPW per kilo, inside sources report.From the end of last week, the cost of rice began
to rise, reaching 6,000 KPW, a source in North Hamkyung Province reported to Daily NK on the 25th. All five of the
markets in Hyesan, including Yunbong, Masan and Hyesan, have seen the same sudden leap.People are used to small
fluctuations in rice prices, but they don't often see a quick 1,000 KPW increase, she went on.
A source in Yangkang Province confirmed the increase. Just a few days ago, rice was 5,000 KPW, so imagine my
surprise when I went to buy it yesterday, she said. It seems that even the sellers dont know why it
happened.They don't need to be sure why prices have risen; simply, if one raises the price of her rice, the rest will
follow suit, she added.The source went on to say that she examined conditions across the city on Daily NKs behalf,
checking markets in areas that could have been in a different condition. Because miners are receiving their rations, I
thought maybe prices around mines would be stabler, she reported, but in Masan, one of those areas, it was also 6,000
KPW.Last month, rice cost 4,300 KPW in Pyongyang, 4,500 KPW in Sinuiji and 5,050 KPW in Hyesan. Moreover,
prices actually went down last week, to 4,250 KPW, 4,380 KPW and 4,800 KPW respectively.


But now they have increased by 1,000 KPW within a week.Daily NK sources speculate that the reason for the sharp
increase is due to reduced distribution of rice and below-average yield of early new potatoes. Of course, April and May
are called the farming hardship period for a reason; in other words, supply-side limitations could simply be filtering
down to the retail market.According to the source, local people are concerned that prices could rise to 7,000 KPW, the
high point reached during the mourning period for Kim Jong Il at the start of 2012.
However, others are less worried, saying, Since fall is right in front of us, prices won't rise any more.Although rice
prices usually vary in accordance with fluctuations in currency exchange rates, recent ups and downs have not followed
this pattern. Despite the fact that the North Korean Won is currently 30 KPW stronger per Chinese Yuan higher than it
was last month, rice prices have sharply increased.In fifteen days, people will harvest barley and have corn that was
planted earlier. So rice prices wont go up any more, the source in Yangkang Province said. However, the source in
North Hamkyung Province voiced the concern that flooding from the monsoon may influence yields of barley, corn and
other grains.
Analyzing the situation, Kwon Tae Jin of GS&J Institute said, Rice is never abundant in Hyesan; it must have been
affected by drought in eastern parts of China. Travel restrictions put in place to prevent the spread of diseases may have
contributed to the increase as well.Once the corn is harvested in August, prices will stabilize for a while. But a poor
yield overall could cause them to start rising later, he predicted.
Korea seeks approval for rice tarrification
25.07.2014
The highly political nature of rice in Korea had prevented the government from moving to tariffs, and Korea
negotiated a 10-year extension of special treatment with WTO members in 2004.As expected, the Korean
government announced late last week that the country would seek approval in the World Trade Organization
(WTO) to move to rice "tariffication" beginning on Jan. 1, 2015. For 20 years, Korea has enjoyed an exemption
from WTO rules that require members to use a tariff-based system for imports. This special treatment has
allowed Korea to fix the absolute maximum amount of rice imports currently 408,700 metric tons in a
calendar year in exchange for not setting up a tariff-based system.

The highly political nature of rice in Korea had prevented the government from moving to tariffs, and Korea
negotiated a 10-year extension of special treatment with WTO members in 2004. As a result of this negotiation,
the United States, China, Thailand, and Australia received country-specific tariff rate quotas (CSQ) which in
effect committed Korea to import a minimum amount of rice from those countries. The U.S. CSQ is 50,076
MT per year. U.S. rice exports to Korea averaged just under 90,000 MT in 2004-2013.


WTO rules provide guidelines for how Korea will transition to the new system. Korea will establish a tariff rate
quota (TRQ) that will provide at least as much access as provided for in 2014 at a zero, or very low duty rate,
and establish a tariff rate that will apply to imports above the TRQ. Korean media has reported over-quota duty
rates ranging from 200 to 700 percent. The USA Rice Federation has been in close contact with the Obama
Administration on both the within quota level and out-of-quota duty.

"Going forward, the size of Korea's tariff rate quota, import duties inside and outside of the TRQ, and the future
of country-specific quotas are going to be established through negotiations with affected suppliers," said Bob
Cummings, USA Rice COO. "We are looking to U.S. negotiators to be aggressive to make sure that Korea
lives up to its WTO obligations, and that the new tariff-based regime provides meaningful and real access for
U.S. exporters, particularly in the all-important table rice market. All parties will need to move quickly if Korea
is to meet the Jan. 1 deadline."
Kenya's decision of increasing import duty affects rice industry
July 24, 2014
RECORDER REPORT
Rice industry has suffered huge losses in the wake of doubling of import duty on all varieties of rice by Kenya.
A rice exporter told Business Recorderthat purchasing power of Kenya's rice importers had been reduced to half
following doubling of import duty on rice by Kenya, thereby badly affecting small and medium enterprises
involved in the business of exporting rice to Kenya. "Kenya has now fixed the import duty at 35 per cent or US
$200, whichever is higher, on all varieties of rice," he said, adding that export of only long grain white rice
(non-Basmati) to Kenya is around 0.4 million tons every year, with a revenue of $180million and, as such
exporters, will have to pay a tax of $80m annually to Kenya. He said: "Although Pakistan has been importing a
substantial quantity of tea from Kenya, our country has not increased the import duty on the Kenyan tea merely
because Kenya is a regular importer of rice from Pakistan.
" Besides, all the landlocked countries neighbouring Kenya were also facilitated by Kenya for transit goods, he
added. Meanwhile, rice exporters have urged the Kenyan government to reconsider its decision of increasing
import duty on all varieties of rice, or else it would badly affect the rice business of both the countries. They
also demanded of the Commerce Minister to take up the matter with his Kenyan counterpart so that small and
medium enterprises of both Kenya and Pakistan could carry on their business smoothly. Commenting on the
situation, industrial sources said: "The demand of Pakistan's rice in Kenya is very high because of its quality but
this import duty can reduce its export considerably."

20% discount on rice, flour, oil


PM: Specials for Eid, Emancipation...

By \\\\\ Ria Taitt Political Editor
Story Created: Jul 24, 2014 at 9:35 PM ECT
Story Updated: Jul 25, 2014 at 10:56 AM ECT

Prime Minister Kamla Persad Bissessar yesterday announced a 20 per cent discount on rice, flour and oil in
celebration of Eid and Emancipation.Eid is being celebrated on July 29 and Emancipation on August 1.The
discounts apply only to National Flour Mills (NFM) products.
Government had provided a similar concession on oil, rice and flour last Christmas. Speaking at the post-
Cabinet news conference at her St Clair office, the Prime Minister said: Government, with the support of the
National Flour Mills, is pleased to announce that in celebration of festivals Eid-ul-Fitr and Emancipation,
citizens will be provided with a 20 per cent discount on the following products during the period Saturday July
26 (tomorrow) to Friday August 1.Persad-Bissessar said NFM, which would facilitate this initiative on behalf
of the Government, would not be compromised in its financial performance. Government will reimburse the
company in respect of all expenses incurred in the process of effecting this initiative, she said. She said the
measure was a temporary stop-gap measure to allow for ease of living while Government actively pursues
measures to ensure our food security.

The Prime Minister also noted that for the first time in 21 years the food price inflation rate had been kept at
single digits for the first five consecutive months of the year. So some progress has been made. However we
recognise that much still needs to be done. The Ministry of Food Productions National Action Plan has the
following objectives: to reduce the food import bill, to further reduce inflation primarily driven by food prices,
to create sustainable long term productive employment, to contribute to the diversification of the economy, to
increase the countrys food security, she said. The Prime Minister said her Government aimed to reduce food
price inflation and make it easier for people to afford healthier food for their families. She said there was a
Standing Committee on Food Prices, chaired by Minister Vasant Bharath, which seeks to provide practical ways
to bring comfort to consumers. The Committee consists of representatives of stakeholder groups and held its
first meeting on Tuesday. The discount will apply to the following products:

\ Ibis Brand all purpose flour
\ Lotus Brand Whole Wheat Bakers and Cake Flour
\ Good and Natural Brand of Whole Wheat flour
\ Lotus Brand, Soyabean oilall sizes


\ Lotus Brand Riceall sizes
\ Cuisine All Purpose Flour (two kilogramme pack)
\ Club Select all purpose flour (10 kilogramme pack)
Commerce to propose resuming rice sale next month
Friday, 25 July 2014 By NNT -
BANGKOK, 24 July 2014, - The Commerce Ministry yesterday said it propose that the Rice Policy Committee
allow the Ministry to resume its plan to sell about 500,000 tons of stockpiled rice monthly through all available
channels, beginning next month. The Ministry is considering selling the grain through general auctions,
Government-to-Government deals, and auctions through the Agricultural Futures Exchange of Thailand.
According to the Ministry, third party inspectors from government agencies such as the Finance Ministry and
the Prime Ministers Office will be needed in order to ensure transparency in all transactions. In addition, the
Ministry, in its quest to reclaim the nation's export market share, will enlist the help of Thai Rice Exporters
Association. It would also lend a helping hand to the private sector in selling the grains in particular
markets.Meanwhile, rice prices have gained a bit of momentum as the global rice production declined due to
drought. The price of 5% rice was quoted at 427 dollars a ton FOB, on July 16th, a fair jump from the 410
dollars a ton quoted a week earlier.
Monsoon revival keeps rain above average
BY RATNAJYOTI DUTTA
NEW DELHI Thu Jul 24, 2014 6:52pm IST
Reuters) - India's parched rice, soybean, cotton growing
areas will receive more rainfall next week as the
monsoon is expected to continue its wet revival
phase.Rains in the northwest India grain bowl as well as
in soybean belts of western-central parts are expected
speed up summer planting activities.India's farm sector
accounts for around 14 percent of the economy but two-
thirds of the country's 1.2 billion people depend on
farming for their livelihood, and more than half of its
arable land needs monsoon rains.


"The monsoon has improved but still needs to be watched how the rainfall shapes up during August," Farm
Minister Radha Mohan Singh told Reuters.A month and half-long weak phase in the monsoon pushed rainfall a
quarter below the average so far for the season that started in June. But a revival after mid-July pushed the rain
level to above average last week.Rainfall was 24 percent above average in the week ended July 23, the first
week of surplus for this year's monsoon season.Poor rain levels since the start of the June-September season
raised concerns that India would face its first drought in five years, with coverage for most of the main summer
crops slipping below the halfway mark.
A weak monsoon cuts exports, stokes food inflation and can hit demand for products ranging from cars to
consumer goods."No dry phase in the monsoon is expected until the month's end," said a weather official who
did not wish to be identified.A poor monsoon could raise imports of cooking oil to India, the world's leading
buyer of vegetable oils. The country could also cede its position as top rice exporter to Thailand.
(Editing by David Evans)
Photo: A woman signals for a bus to stop as she walks under an umbrella during rainfall in New Delhi July 17,
2014.
Pakistan. Rice export decreased by 8.44 percent in June
25.07.2014
Pakistan's rice exports during June-2014 registered a decrease of 8.44 per cent as compared to May-2014.
Export figures released by Pakistan Bureau of Statistics (PBS) indicated that Pakistan has exported rice worth
US $149million down by US $13.75m ie 8.44 per cent and in terms of volume, the country's export of rice went
down by 5, 792 metric tons ie 2.3 percent to 248, 789 metric tons, last month.Attributing frequent postponement
of shipments of rice to shortage of electricity during June, rice exporters claimed that they had suffered a loss of
around $100m as against their monthly target.

Rice export suffered badly as exporters could not meet the deadlines of their foreign orders due to prolonged
loadshedding and such situation diverted a number of international buyers towards other rice markets," they
said. According to PBS data, export of different varieties of rice has decreased by 3pc in June-2014 to US $98m
from US $101m in May-2014.Meanwhile, rice exporters have urged the government to bring an end to the
menace of prolonged load-shedding or provide separate power connections to each factory. They also
demanded of the government to control Karachi's law and order situation to avoid further extension in delivery
period of shipments.


Rice export decreased by 8.44 percent in June
July 25, 2014
RECORDER REPORT
Pakistan's rice exports during June-2014 registered a decrease of 8.44 per cent as compared to May-2014.
Export figures released by Pakistan Bureau of Statistics (PBS) indicated that Pakistan has exported rice worth
US $149million down by US $13.75m ie 8.44 per cent and in terms of volume, the country's export of rice went
down by 5, 792 metric tons ie 2.3 percent to 248, 789 metric tons, last month. Attributing frequent
postponement of shipments of rice to shortage of electricity during June, rice exporters claimed that they had
suffered a loss of around $100m as against their monthly target.
Rice export suffered badly as exporters could not meet the deadlines of their foreign orders due to prolonged
loadshedding and such situation diverted a number of international buyers towards other rice markets," they
said. According to PBS data, export of different varieties of rice has decreased by 3pc in June-2014 to US $98m
from US $101m in May-2014. Meanwhile, rice exporters have urged the government to bring an end to the
menace of prolonged load-shedding or provide separate power connections to each factory. They also
demanded of the government to control Karachi's law and order situation to avoid further extension in delivery
period of shipments.

Rice Leadership program accepting applications
Jul 24, 2014 | Delta Farm Press
The Rice Foundation is accepting applications for the 2015 Leadership Development Program. Rice producers or
industry-related professionals between the ages of 25 and 45 are eligible to apply for the Program. The application
deadline is Oct. 4, 2014.The Rice Leadership Development Program provides a comprehensive understanding of the
rice industry, with an emphasis on personal development and communication skills.
During a two-year period, class members attend four one-week sessions designed to strengthen leadership skills
through studies of all aspects of the rice industry.The class is comprised of five rice producers and two industry-
related professionals chosen by a committee of agribusiness leaders. The committee evaluates the applications of all
candidates, reviews letters of recommendation, and conducts personal interviews with the finalists. Interviews will
be conducted at the USA Rice Outlook Conference in Little Rock, Arkansas in December 2014.The program is
sponsored by John Deere Company, RiceTec, Inc., and American Commodity Company through a grant to the Rice
Foundation and is managed by the USA Rice Federation.


For additional information on the Rice Leadership Development Program or an application, visit the USA Rice
website or contact Chuck Wilson at (870) 673-7541.
SunRice looking to expand production into Queensland
ABC Rural
Laurissa Smith and Lisa Herbert
Updated Fri 25 Jul 2014, 2:18pm AEST
PHOTO: Rice processor SunRice wants to increase its domestic supply of speciality rice varieties beyond its
main production area of the Riverina. (Laurissa Smith)
MAP: Wagga Wagga 2650
Rice food company SunRice is looking to North Queensland to secure additional supplies of speciality
rice.
It's entered into an agreement to acquire Blue Ribbon Rice
Group's milling and packaging plant at Brandon in the
Burdekin region.SunRice chairman Gerry Lawson says
with its climate and secure access to water, the Burdekin
region is regarded as one of the most promising rice-
growing areas outside of south-west New South
Wales."Local conditions are particularly suited to the
growing of speciality rices, including fragrant varieties
and specific long grain options, which will complement
our Riverina crop and increase the overall competitiveness
of Australian rice."The company will carry out further
research through its subsidiary, Rice Research Australia,
to maximise growing options in the Burkedin.unRice CEO
Rob Gordon expects the deal to be finalised by September and is subject to clearance by competition watchdog,
the ACCC.
AUDIO: SunRice hoping to make north Qld a rice bowl(ABC Rural)
Last year the Blue Ribbon plant processed 2,000 tonnes of rice.Mr Gordon expects that tonnage to be
quadrupled before too long."We'll try to scale the business to twice it's current size in the next 18 months to two
years."And then if things look like they're making sense, we'll look to double it again in the years after that."He
says there will be no job losses after the acquisition."We anticipate offering jobs to all of the current employees.
"We anticipate more employment prospects, not less.

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