1st October, 2016 Daily Global, Regional and Local Rice E-Newsletter by Riceplus Magazine

Daily
Daily Global, Regional and Local Rice E-Newsletter
October 01,2016
Vol 7 , Issue 9
Global, Regional & Local

Rice E-Newsletter
www.ricepluss.com / www.riceplusmagazine.blogspot.com
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Today Rice News Headlines...
Punjab to produce 160L metric tonnes paddy
Punjab all set to start paddy procurement from Oct 1
Export woes cut kharif basmati sowing by 25% in Punjab, Haryana
Monsoon ends at par, brightens rabi crop outlook
Africa imports $5b worth of rice every year Tijani
Rice prices to drop
Paddy Prices Hit New Low Ahead of Pchum Ben Holiday
Water savings, cost-sharing for rice growers from AWD: Part III
Giant rice exporter incurs huge loss
Lagos to build silos for rice storage
Congress Passes Last-Minute Continuing Resolution through
December
AR Rice Industry Donates Over 115,000 Pounds to Arkansas Food
Bank
News Detail...
Editorial Board
Chief Editor
Hamlik
Managing Editor
Abdul Sattar Shah

Rahmat Ullah
Rozeen Shaukat
English Editor
Maryam Editor
Legal Advisor
Advocate Zaheer Minhas
Editorial Associates
Admiral (R) Hamid Khalid

Javed Islam Agha
Ch.Hamid Malhi
Dr.Akhtar Hussain
Dr.Fayyaz Ahmad Siddiqui
Dr.Abdul Rasheed (UAF)
Islam Akhtar Khan
Punjab to produce 160L metric tonnes paddy
Editorial Advisory Board
TNN | Updated: Sep 30, 2016, 07.16 AM IST
Assistant Professor, Gomal

University DIK
The Tamil Nadu government has increased the minimum support price for paddy
CHANDIGARH: Punjab hopes to procure 160 lakh metric tonnes

(LMT) of paddy this year. Of this, PUNGRAIN would procure
24%, PUNSUP 23%, Markfed 23%, Agro 10%, FCI 12%, state's
warehousing corporation 08% in all the 1,830 purchase centers set
up across the state. The proposal regarding cash credit limit
(CCL) has been sent by finance department to RBI for availing
CCL of Rs. 26089.80 crore for the purchase of 132 LMT paddy
by the state agencies. FCI will make its own arrangements for the
funds required for purchase of paddy.
Dr.Malik Mohammad Hashim
Dr.Hasina Gul
Assistant Director, Agriculture KPK
Dr.Hidayat Ullah
Assistant Professor, University of
Swabi
Dr.Abdul Basir
Assistant Professor, University of
Swabi
Zahid Mehmood
PSO,NIFA Peshawar
Falak Naz Shah
Head Food Science & Technology

2
ART, Peshawar

Punjab food and civil supplies
minister Adaish Pratap Singh Kairon
has directed all the heads of the state
procurement
agencies
and
especially, the general manager FCI
Punjab
region
to
personally
supervise the paddy procurement
operations across the state beginning
from October 1 so as to ensure
prompt lifting of paddy as per their
allotted share of procurement.
The field staff would work day and
night to procure the stocks even on
the weekends and government
holidays. The departments have been
asked to ensure that there would be
no shortage of gunny bags for storage of grains, he added. The state mandi board officials will make sure
of arrangements in mandis to produce and to have proper sanitation facilities. The government of India
has fixed MSP for paddy Rs 1,510 per quintal for Grade A and Rs 1,470 per quintal for common variety
of paddy.
http://timesofindia.indiatimes.com/city/chandigarh/Punjab-to-produce-160L-metric-tonnespaddy/articleshow/54595641.cms
Punjab all set to start paddy procurement from Oct 1

Friday, 30 September 2016 | PNS | Chandigarh | in Chandigarh
Eying 160 lakh metric tonnes (LMT) paddy, Punjab is all set to start paddy procurement from
October 1. State Food and Civil Supplies Minister Adaish Pratap Singh Kairon has directed all
the heads of the state procurements agencies, especially the General Manager of Food
Corporation of India (FCI), Punjab region, to personally supervise the procurement operations
across the state beginning from October 1 so as to ensure prompt lifting of paddy as per their
allotted share of procurement.
Punjab was expecting to procure 160 LMT of paddy this year. Of the total paddy, PUNGRAIN
would procure 24 percent, PUNSUP 23 percent, Markfed 23 percent, Agro 10 percent, FCI 12
percent, and Punjab State Warehousing Corporation eight percent in all the 1830 purchase
centers set up across the state.

Kairon, reviewing the arrangements of the paddy procurement for Kharif Season 2016-17 in the
state, said that all out efforts should be made to ensure smooth, hassle-free and quick
procurement of paddy on one hand and facilitate the farmers in getting timely payment of their
produce on the other.
He categorically said that farmers of the state should not be put to any inconvenience for the sale
of their produce in the mandis.
Good quality sturdy gunny bags with accurate weight would be ensured while packing the
produce. The officers concerned have been especially asked to visit the mandis during the
procurement and ensure smooth lifting. He said the field staff would work day and night to
procure the stocks even on Saturdays and Sundays and also on government holidays, said
Kairon.
The Minister has also asked the officers concerned to ensure that there would be no shortage of
gunny bags for storage of grains, while asking the Punjab Mandi Board officials to make sure of
arrangements in mandis to save produce and to have proper sanitation facilities.
Centre has fixed MSP for paddy Rs 1510 per quintal for Grade A and Rs 1470 per quintal for
common variety of Paddy.
Proposal regarding Cash Credit Limit has been sent by Finance Department to Reserve Bank of
India (RBI) on for availing CCL limit of Rs 26,089.80 crore for the purchase of 132 LMT paddy
by the state agencies. FCI will make its own arrangements for the funds required for purchase of
paddy.
Kairon made a fervent appeal to all the farmers to bring dry clean and fully matured paddy to the
mandis and at the same time, he has asked the district administration not to allow paddy
harvesting during night time as the moisture in atmosphere is more at night than during the day
time
http://www.dailypioneer.com/state-editions//punjab-all-set-to-start-paddy-procurement-from-oct-1.html
Export woes cut kharif basmati sowing by 25% in

Punjab, Haryana
The sowing of basmati rice across the key growing areas of Punjab and Haryana has seen a sharp
fall of 25% to 1.57 million hectares this kharif season from close to 2 million hectares reported in
2015.

By: Sandip Das | New Delhi | Updated: September 30, 2016 7:19 AM
The BEDF report said that in western Uttar Pradesh, the area under basmati rice has reduced by close to
22% to 2.6 lakh hectares, as many farmers have sown sugarcane replacing basmati, speculating quick
returns from the state government.
The sowing of basmati rice across the

key growing areas of Punjab and
Haryana has seen a sharp fall of 25%
to 1.57 million hectares this kharif
season from close to 2 million
hectares reported in 2015, thanks to a
fall in realisation from exports.
According to a survey conducted by
Basmati
Export
Development
Foundation (BEDF), a body under
the commerce ministry, this year the
rice-transplanted areas in the

northern states of Punjab, Haryana, western Uttar Pradesh, Uttarakhand, and Jammu & Kashmir
have increased by more than 4.6% to 5.9 million hectares, while the areas under basmati variety
have declined in Haryana and Punjab by 11.9% and 43.3%, respectively.In Punjab, basmati rice
acreage shrunk by more than 43% to 5 lakh hectares, mainly because of a reduction in the area
under short-duration Pusa Basmati-1509. The sowing of this variety has been reduced to only
48,770 hectares this year, from 1.8 lakh hectares reported in 2015. There has been sharp fall in
basmati acreage of Pusa 1509 variety this year compared to last year as the farmers got very low
prices, the report said. In Haryana, the total rice acreage based on field survey has been
estimated at 1.29 million hectares in 20 districts, while the area under basmati rice had been
reduced by 12.5% to 7.2 lakh hectares compared with last year.
The BEDF report said that in western Uttar Pradesh, the area under basmati rice has reduced by
close to 22% to 2.6 lakh hectares, as many farmers have sown sugarcane replacing basmati,
speculating quick returns from the state government.
Lower output because reduced acreage in this kharif is expected to push up basmati rice prices,
said a leading exporter. At present, basmati rice prices are ruling around R5,700 to R5,800 per
quintal in the Karnal market.
According to data by the Agricultural and Processed Food Development Authority, exports
realisation from the basmati rice fell by 17% to R22,714 crore in FY16 in comparison to the
previous year. But the volume of exports rose to 4.04 million tonne (mt) from 3.7 mt during the
same period. In 2013-14, the country exported basmati rice worth of R29,299 crore.
In April, rating agency ICRA had stated that the domestic basmati rice industry, which is
witnessing excess supply and weak demand, may revive in the next harvest season in the second
half of 2016-17. The supply of basmati paddy is expected to witness some moderation as
farmers are likely to shift away from basmati, given the non-remunerative prices in the last two
crop cycles, ICRA has stated in its report. The report also stated since Iran, the biggest importer
of basmati from India, has removed the ban on rice imports, demand is also expected to improve
http://www.financialexpress.com/markets/commodities/export-woes-cut-kharif-basmati-sowing-by-25-inpunjab-haryana/398422/
Monsoon ends at par, brightens rabi crop outlook

VINSON KURIAN,VISHWANATH KULKARNI
85 % of the country has received normal to excess rains; rabi planting to commence soon
Bengaluru/Thiruvananthapuram, Sept 30:

After two consecutive years of drought, the South-West Monsoon delivered a near normal
rainfall in the 2016 season, which ended on Friday.
Indeed, the delayed withdrawal across most parts of the country is seen to be brightening the
prospects for the rabi or winter crops, for which planting will soon commence.
Well spread
Though the cumulative actual precipitation fell short of the Met Departments forecast, the
widespread rains across the country, except parts of the Peninsula, East, North-East and NorthWest India, are seen helping the country produce a record foodgrain harvest of 135 million
tonnes in the current kharif season.
About 85 per cent of the countrys geographical area has received normal to excess rains this
monsoon, while the rest, encompassing some nine meteorological subdivisions, has received
deficient rains.
The rain deficiency was more pronounced in East and North East India (-11 per cent), followed
by the Peninsula (-8 per cent) and North West India (-5 per cent).
Only Central India had a cumulative surplus of 6 per cent.
Kerala, which had a rainfall deficit of 34 per cent, topped the list of rain-deficient metrological
sub-divisions, followed by Assam (-30 per cent), Punjab (-28 per cent), Haryana, Chandigarh
and Delhi (-27 per cent), Lakshadweep (-25 per cent), Gujarat (-24 per cent), Coastal Karnataka
(-21 per cent), South Interior Karnataka (-21 per cent) and Tamil Nadu & Pondicherry (-19 per
cent).
Meanwhile, a weather outlook for the first two weeks into October indicates above-normal
rainfall for Central India and comparatively active rainfall for the eastern parts of Central India.
The outlook issued jointly by the IMD, Indian Council of Agricultural Research, and the Central
Research Institue for Dryland Agriculture was as follows: During the first week (September 30October 6), a cyclonic circulation will generate above-normal rainfall over most parts of central
India and comparatively active rain over its eastern parts.
Rain forecast
During the second week, rainfall is expected to be above normal mainly over the north-east.
The location-wise forecast said that normal or above normal rainfall is likely during the next
fortnight over east Rajasthan, Jharkhand, Bengal, Sikkim, Odisha, Arunachal Pradesh, Assam,

Meghalaya, Nagaland, Manipur, Mizoram, Tripura, west Uttar Pradesh, Madhya Pradesh,
Chhattisgarh, Gujarat, Maharashtra, Andhra Pradesh, Telangana, coastal Karnataka and north
interior Karnataka.
Normal or above normal rainfall has been forecast during this period over Jammu and Kashmir,
Himachal Pradesh, Uttarakhand, Punjab, Haryana, Delhi, east Uttar Pradesh, west Rajasthan,
Bihar and Tamil Nadu.
Below normal rainfall is likely to occur during the next two weeks over Kerala.
http://www.thehindubusinessline.com/economy/agri-business/monsoon-ends-at-par-brightens-rabi-cropoutlook/article9169241.ece
Africa imports $5b worth of rice every year Tijani

Category: Africa/International September 30, 2016
Despite the clear potential to boost rice production at
the regional level in Africa, most countries on the
Continent continue to rely heavily on imports for
meeting their rice consumption needs, costing the
Continent $5 billion annually.Rice is a primary
staple for food consumption, particularly in West
Africa, where its growing cities depend on rice as a
cornerstone of the daily diet and consumption is
increasing by 5.5 per cent annually.Such a heavy
reliance of most African countries on rice imports
for their consumption continues to pose a serious
food security concern, as rice consumption will jump
to 130 per cent by 2035, Mr Bukar Tijani, the Food and Agriculture Organisation (FAO) Assistant
Director-General and Regional Representative for Africa, has said.Speaking at the opening ceremony of a
two-day technical workshop to discuss the implementation of the Partnership for Sustainable Rice
Systems Development in Sub-Saharan Africa project, Mr Tijani saidd that the consumption of rice, a
primary staple in Africa, is rising more than any other.
Ten countries (Benin, Cameroon, Cte dIvoire, Guinea, Kenya, Mali, Nigeria, Senegal, the United
Republic of Tanzania and Uganda) are involved in the project, which is a partnership between Venezuela
and FAO that strongly emphasizes the importance of sharing best practices among the participating
African states and other countries.At the regional level, the project is consistent with the Africa Unions

Comprehensive Africa Agriculture Development Programme (CAADP) adopted by governments
throughout the region and which aims to increase market access through improved rural infrastructure and
facilitate regional trade in food staples.
At country level, the project is consistent with FAO Country Programme Frameworks (CPFs) and
national rice policies.It will also include Civil Society Organizations, Farmer-Based Organizations
(FBOs), public-private partnerships and development partners in an effort to harmonize regional efforts
through joint activities.Mr Tijani said research institutions have highlighted the potential role of highyielding rice varieties as a solution to boost low crop productivity, targeting their increased use by
smallholders.In response, the African Union and the African Development Bank have recognized rice as a
priority strategic food crop for the region as part of the Malabo agenda to eradicate hunger in Africa by
2025, he added.Also, the FAO is actively consolidating partnerships with regional and global
development partners to support the transformation of Africas rice sector by boosting productivity,
strengthening rice value chains and supporting improved coordination of regional markets.
Currently, FAO is also working with the Coalition for African Rice Development (CARD) led by the
Japanese International Cooperation Agency, alongside Africa Rice, African Development Bank and
others, to provide technical assistance to countries seeking to double rice production levels by 2018.Dr
Sidi Sanyang, Program leader in AfricaRice, said rice is the single most important source of dietary
energy in West Africa and the third most important for sub-Saharan Africa (SSA) as a whole.He said
despite the positive and rapid increase in rice production in Africa since 2007, local rice production is
unable to keep pace with the increasing demand.Dr Sanyang said the demand-supply gap is widening and
this demands an intensification of rice production, based on enhancing biological processes of the
ecosystem.He said this production model will be the foundation and the benefit of the entire business
model and rice food chain.
The FAO is working with existing research and development partners with initiatives that are toward
similar goals (CARD, AfricaRice, AfDB, AGRA and others), in order to promote more efficient,
sustainable and productive rice production systems in Africa.The project implementation will address
efficient rice production systems for Africa, supported through the promotion and adoption of best
practices and up scaling of proven and tested technologies.In addition to the support of the development
and promotion of policy options and effective institutions and markets, it will also cover the development
of agribusiness models along the rice value chain for increased production and productivity, including
reduction of post-harvest losses and improved grain quality.Other areas are irrigated and integrated rice
systems to ensure sustainable increased production.
9
https://www.ghanabusinessnews.com/2016/09/30/africa-imports-5b-worth-of-rice-every-year-tijani/

Rice prices to drop
By Ramon Efren Lazaro (The Philippine Star) | Updated September 30, 2016 - 12:00am
Farmers thresh palay at a farm in Bacnotan, La Union yesterday. JUN ELIAS
BOCAUE, Bulacan, Philippines Prices of commercial rice are expected to go down in the
coming days with the start of the harvest season, according to rice traders.
Palay prices started to decline on the second week of this month, traders at the Intercity
Industrial Estate in this town, a major rice trading center, told The STAR yesterday.
They said rice from Nueva Ecija, Pampanga, Pangasinan, Nueva Viscaya, Isabela and Cagayan
have started arriving at the trading center.
10
Rice prices have gone down from P24.50 to P19.50 to P21 per kilo depending on the quality and
variety.

Palay prices are expected to stabilize at P15 to P16 per kilo for ordinary varieties until
November, rice traders added.
They said the price of aromatic palay varieties has decreased from P27 to P24 per kilo.
Rice prices are expected to go down as soon as rice dealers disposed stocks that were procured at higher
prices.
http://www.philstar.com/nation/2016/09/30/1628705/rice-prices-drop
Paddy Prices Hit New Low Ahead of Pchum Ben Holiday

by Kang Sothear | September 30, 2016
Rice paddy prices have taken a new dive to less than $150 per ton ahead of the Pchum Ben
holiday in an ongoing crisis that has only deepened despite government intervention earlier this
month.
Sinking from $250 per ton in the middle of last month to $192 earlier this month, the government
approved $27 million in subsidies to help mills purchase paddy from farmers and appealed to
officials and friends of the CPP to buy paddy and dry it themselves, making room for more at
mills.
Rice is displayed at a shop near Phnom Penhs Central Market on Wednesday. (Siv Channa/The
Cambodia Daily)
Purchases of paddy took a temporary turn for the better after the monetary influx, and the Rural
Development Bank, which contributed $7 million in subsidies, said on Sunday there was no
issue in the sector.
But prices have plummeted once again.
The value of paddy hit a new low after the short reprieve, dropping to about $147 per ton this
week, said Moul Sarith, secretary-general of the Cambodian Rice Federation.
Sales have again slowed as mills have largely closed for the Pchum Ben holiday over the
weekend, but it should not be a problem as farmers have been told to hold off on harvesting their
crops until mills reopen, Mr. Sarith said.
But some farmers have ignored these requests.
11
We are still harvesting our yield because we are afraid of flooding, said Mao Layhuon, a 56year-old farmer from Banteay Meanchey provinces Soeu commune in Mongkol Borei district.
He said he felt backed into a corner when he sold his paddy for $147 per ton on Thursday, but
worried it would go bad over the weekend if it wasnt dried immediately.
We sold the yield that we had harvested, but the middlemen offered us a very low price while
mills are closed for the Pchum Ben ceremonies, he said.
A government recommendation earlier this month that paddy be bought for $235 had created an
expectation for higher returns, he said.
Other workers and I are hopeless, he said. If the price stays low or drops further, our ultimate
choice may be to sell our land or migrate.
Soy Sarom, a 50-year-old farmer from the same commune, said middlemen had gained an upper
hand even before mills had begun closing for the holiday weekend by largely refusing to pick up
paddy directly from farms.
12

Farmers lack a means of transportation so we can only sell to middlemen, he said, giving these
individuals power to press the price down.
I dont think the intervention was effective, he said.
With international paddy prices continuing to fall, Hun Lak, vice president of the rice federation,
said the current crisis is likely to carry into the countrys main harvest season in November
unless the government intervenes again.
At that point in time, the issue would become bigger than now, he said.
Chan Sophal, director of the Center for Policy Studies for Cambodian Development, agreed that
there is little that could be done to help farmers through this struggle, except by continuing to
pour money into the sector.
I dont expect the government to have enough cash to help every farmer, he said.
Its not looking good for the coming harvest in November and December.
(Additional reporting by Janelle Retka)
https://www.cambodiadaily.com/news/paddy-prices-hit-new-low-ahead-pchum-ben-holiday-118675/
Water savings, cost-sharing for rice growers from AWD:

Part III
Sep 30, 2016 Forrest Laws | Delta Farm Press
Merle Anders says some rice farmers may be using AWD or alternate
wetting and drying methods for irrigating their rice inadvertently.Dr.
Anders' tongue-in-cheek reference came during RiceTec's Arkansas Field
Day at its Arkansas Business Center near Harrisburg. The principal owner
of Net Profit Crop Consultancy, Dr. Anders has been working with
RiceTec and area rice farmers to help improve their bottom lines
He described current research underway at the Center on a number of practices, ranging from
row rice to carbon credit programs that rice farmers may be eligible to participate in as part of
their environmental stewardship program.
For more information on RiceTec and rice production, visit http://www.ricetec.com/.
13

http://deltafarmpress.com/rice/water-savings-cost-sharing-rice-growers-awd-part-iii
Giant rice exporter incurs huge loss

VietNamNet Bridge - The Southern Food Corporation, also known as Vinafood 2, one of two of
Vietnam's largest rice exporters, has reported an accumulative loss of VND1 trillion ($45 million). Giant
rice exporter incurs huge loss
VietNamNet Bridge - The Southern Food Corporation, also known as Vinafood 2, one of two of Vietnam's
largest rice exporters, has reported an accumulative loss of VND1 trillion ($45 million).
Vinafood 2s latest report showed that the corporation has had difficulties since 2012. It made a pretax
profit of VND167 billion in 2012, but then took a loss of VND268 billion in 2013 and VND900 billion in
2014.
Explaining the bad business performance, Vinafood 2 blamed the stiff competition in the world market. In
the high-end market segment, Vietnam has to compete with Thailand, which has lowered selling prices in
14

an effort to clear its stocks.
Meanwhile, in the low-cost market segment, the plentiful supply from India makes it difficult for Vietnam
to export products.
When asked about the huge loss of VND900 billion in 2014, Vinafood 2 said when it won the bid of
providing 600,000 tons of rice to the Philippines, the domestic rice price unexpectedly increased. As a
result, Vinafood 2 had to collect rice at high prices to fulfill the contract and incurred a loss of VND213
billion.
In fact, 74 member companies of the Vietnam Food Association (VFA) were assigned to implement the
contract. However, as the domestic price surged, they all gave up.
Despite the loss of VND1 trillion, the
salaries paid to Vinafood 2s managers
are still high. It paid VND30 million to
managers in 2015 and plans to pay
VND45 million in 2016.
Only Vinafood 2, as the major business, had to fulfill the

contract.
In 2015, Vinafood 2 admitted the bad business performance in
2014. However, with drastic measures taken, Vinafood 2 began
making profit. In 2015, it reportedly made a pretax profit of
VND155 billion.
Thanks to the profit, the accumulative loss of the rice exporter fell to VND948 billion by the end of 2015.
Also according to Vinafood 2, the total accounts receivable by the end of 2015 had reached VND2.337
trillion, including VND653 billion worth of irrecoverable debt. The figure represented a VND50 billion
decrease compared with 2014.
The giant has asked the state to allow it to apply a special policy to deal with irrecoverable debt and
unused assets waiting for liquidation.
Prior to that, in March 2016, the enterprise proposed to the Prime Minister to exclude it from subjects for
supervision to help it access bank loans more easily.
In late 2015, the government inspectors found wrongdoings at VInafood 2. The holding company was
discovered violating the laws in lending and acting as a guarantee for loans worth VND1.7 trillion.
As a result, it has to pay debts for some of its subsidiaries, totalling VND258 billion.
15
Despite the loss of VND1 trillion, the salaries paid to Vinafood 2s managers are still high. It paid
VND30 million to managers in 2015 and plans to pay VND45 million in 2016.
Gov't to audit value assessment of Vinafood 2

Deputy Prime Minister Vuong Dinh Hue has asked the State Inspectorate to audit the result of the
corporate value assessment of Viet Nam Southern Food Corporation (Vinafood 2) and resolve its
financial issues.
The deputy prime minister instructed the inspectorate to complete the audit before December 1, 2016.
Earlier, the Ministry of Agriculture and Rural Development submitted to Prime Minister Nguyen Xuan
Phuc its equitisation plan for Vinafood 2. Under the plan, the corporation will sell part of the State-owned
capital in the corporation and issue more shares to raise its charter capital.
The corporation estimated its charter capital at VND5 trillion (US$224.2 million), equal to 500 million
shares at VND10,000 per share. It will issue an additional 16.5 million shares to raise its charter capital.
Under the plan, the Government will retain 65 per cent of its stake, equivalent to VND3.25 trillion, after
equitisation. The corporation plans to sell 25 per cent stake to strategic investors and 8.95 per cent
through auction to domestic and foreign investors. The remaining stake will be sold to its employees.
Vinafood 2 earned VND22.75 trillion in revenue in 2015, a decline of VND3.55 trillion compared with
2014. The corporation last year incurred a loss of some VND9 billion, bringing total cumulative losses to
VND1.06 trillion in the last three years.
The corporation was established under the Prime Minister's decision in 2010. It is one of the country's
largest businesses in rice exports. However, its business results have shown continuous losses in recent
years.
The corporation has proposed that relevant sectors implement special policies to resolve debts, which it
failed to collect from its partners, and unnecessary assets in accordance with current regulations that are
applicable on a certain businesses that conduct equitisation.In March 2016, the corporation also asked the
Prime Minister to remove it from the list of businesses under special supervision to create conditions for it
to maintain credit relations with banks. VNS
Vinafood 2s latest report showed that the corporation has had difficulties since 2012. It made a pretax
profit of VND167 billion in 2012, but then took a loss of VND268 billion in 2013 and VND900 billion in
2014.
Explaining the bad business performance, Vinafood 2 blamed the stiff competition in the world market. In
the high-end market segment, Vietnam has to compete with Thailand, which has lowered selling prices in
an effort to clear its stocks.
16

Meanwhile, in the low-cost market segment, the plentiful supply from India makes it difficult for Vietnam
to export products.
When asked about the huge loss of VND900 billion in 2014, Vinafood 2 said when it won the bid of
providing 600,000 tons of rice to the Philippines, the domestic rice price unexpectedly increased. As a
result, Vinafood 2 had to collect rice at high prices to fulfill the contract and incurred a loss of VND213
billion.
In fact, 74 member companies of the Vietnam Food Association (VFA) were assigned to implement the
contract. However, as the domestic price surged, they all gave up. Despite the loss of VND1 trillion, the
salaries paid to Vinafood 2s managers are still high. It paid VND30 million to managers in 2015 and
plans to pay VND45 million in 2016.Only Vinafood 2, as the major business, had to fulfill the contract.
In 2015, Vinafood 2 admitted the bad business performance in 2014. However, with drastic measures
taken, Vinafood 2 began making profit. In 2015, it reportedly made a pretax profit of VND155 billion.
Thanks to the profit, the accumulative loss of the rice exporter fell to VND948 billion by the end of 2015.
Also according to Vinafood 2, the total accounts receivable by the end of 2015 had reached VND2.337
trillion, including VND653 billion worth of irrecoverable debt. The figure represented a VND50 billion
decrease compared with 2014.The giant has asked the state to allow it to apply a special policy to deal
with irrecoverable debt and unused assets waiting for liquidation.
Prior to that, in March 2016, the enterprise proposed to the Prime Minister to exclude it from subjects for
supervision to help it access bank loans more easily.In late 2015, the government inspectors found
wrongdoings at VInafood 2. The holding company was discovered violating the laws in lending and
acting as a guarantee for loans worth VND1.7 trillion.As a result, it has to pay debts for some of its
subsidiaries, totalling VND258 billion.
Despite the loss of VND1 trillion, the salaries paid to Vinafood 2s managers are still high. It paid
VND30 million to managers in 2015 and plans to pay VND45 million in 2016.
Gov't to audit value assessment of Vinafood 2
Deputy Prime Minister Vuong Dinh Hue has asked the State Inspectorate to audit the result of the
corporate value assessment of Viet Nam Southern Food Corporation (Vinafood 2) and resolve its
financial issues.
The deputy prime minister instructed the inspectorate to complete the audit before December 1, 2016.
Earlier, the Ministry of Agriculture and Rural Development submitted to Prime Minister Nguyen Xuan
Phuc its equitisation plan for Vinafood 2. Under the plan, the corporation will sell part of the State-owned
capital in the corporation and issue more shares to raise its charter capital.
17
The corporation estimated its charter capital at VND5 trillion (US$224.2 million), equal to 500 million
shares at VND10,000 per share. It will issue an additional 16.5 million shares to raise its charter capital.
Under the plan, the Government will retain 65 per cent of its stake, equivalent to VND3.25 trillion, after
equitisation. The corporation plans to sell 25 per cent stake to strategic investors and 8.95 per cent
through auction to domestic and foreign investors. The remaining stake will be sold to its employees.
Vinafood 2 earned VND22.75 trillion in revenue in 2015, a decline of VND3.55 trillion compared with
2014. The corporation last year incurred a loss of some VND9 billion, bringing total cumulative losses to
VND1.06 trillion in the last three years.
The corporation was established under the Prime Minister's decision in 2010. It is one of the country's
largest businesses in rice exports. However, its business results have shown continuous losses in recent
years.
The corporation has proposed that relevant sectors implement special policies to resolve debts, which it
failed to collect from its partners, and unnecessary assets in accordance with current regulations that are
applicable on a certain businesses that conduct equitisation.
In March 2016, the corporation also asked the Prime Minister to remove it from the list of businesses
under special supervision to create conditions for it to maintain credit relations with banks. VNS
http://english.vietnamnet.vn/fms/business/164312/giant-rice-exporter-incurs-huge-loss.html
Lagos to build silos for rice storage

Posted By: Daniel Essieton: September 30, 2016In: AgricNo Comments
Lagos State will soon build silos to improve its grains storage capacity. The government will also
work on its logistics links to boost grain supply chain and bolster food security.
Special Adviser to Governor AkinwumiAmbode on Food Security, Sanni Okanlawon, who made
this known, said the state was building a 3, 000 metric tonne-silo in Imota, to usher in high
economic efficiency as farmers would be able to preserve rice for several months.
He stressed the need for private sector collaboration with the state to build more silos, help
maintain rice quality and raise the competitiveness of Nigerian grains.
18
Okanlawon said the state was determined to increase the aggregate food supply from less than 15
per cent to 25 per cent through various projects and programmes.

He noted that as part of efforts to increase food supply and ensure food security, the state
government, through the Ministry of Agriculture, was implementing its strategic food security
plan with programmes and projects that have remarkable impact on food security.
According to him, some of the programmes and projects intensified to boost food production
included collaboration between Lagos and Kebbi states for the development of agricultural
commodities like rice, wheat, ground-nut, onions, maize/sorghum and beef value chains; the
Agric Youth Empowerment Scheme (AGRIC-YES) Araga, Epe; and continued establishment of
infrastructural facilities at Songhai-Avia, Badagry under the Agricultural Youth Empowerment
Scheme.
Others are the Estates Initiatives on Poultry; Fish; Vegetable and Arable Crops; Coconut
Development in Lagos State for tourism and poverty alleviation; commercial agriculture
development project to increase productivity; National Fadama development project for poverty
alleviation; input subsidy and organic farming promotion to increase farmers income; farm
mechanisation to reduce drudgery in Agriculture; and Agricultural land holdings and
management to improve access by genuine farmers to land, he added.
He also stated that the state government was not relenting in its rural finance institution building
programme and school agricultural programme, adding that it was also strengthening its
Agricultural Extension Services and animation to improve farmers productivity, while
development of modern abattoirs to provide wholesome meat to the citizens is accorded desired
priority.
He stated that in furtherance to the ministrys efforts at boosting rice production, a total of 100
farmers through the FADAMA III additional financing programme have been settled on the 500
hectares of land acquired in Eggua, Ogun State, adding that through this, rice cultivation has
improved in the state.
http://thenationonlineng.net/lagos-build-silos-rice-storage/
Arkansas Farm Bureau: Daily Commodity Report

Rice
High Low
Long Grain Cash Bids
19

Long Grain New Crop
Futures:
High Low
Last Change
Nov '16 991.0 977.5 988.5 +11.5

Jan '17 1013.0 1001.0 1012.5 +11.5
Mar '17 1035.0 1025.0 1036.0 +11.5
May '17 1045.0 1041.0 1056.0 +11.5
Jul '17
1074.5 +11.5
Sep '17
1074.5 +11.5
Nov '17
1074.5 +11.5
Rice Comment
Rice prices gapped higher to end the week on a positive note. 73% of the crop has been
harvested nation-wide, and in Arkansas 84% of the crop was in the bins as of Sunday. Export
sales were 46,800 tons for the week. November continues to have support at the low of $9.35,
with resistance near $10, but is trending higher within those confines.
Congress Passes LastMinute Continuing

Resolution through
December
By Peter Bachmann
WASHINGTON, DC -- This week both
chambers of Congress worked out a deal and
20

passed a continuing resolution that will fund the federal government through December 9 and avoid a
government shutdown on October 1. President Obama supported the continuing resolution negotiated by
Congress and signed it into law.The legislation took several attempts for a bipartisan agreement to be
reached and was the last remaining piece of business that Congress needed to address before returning to
their homes for recess until November 14, following the General Election. The lame duck session in
November and December will require lawmakers to finalize additional legislative packages including a
long-term funding bill for FY 2017 and the Water Resources Development Act (WRDA) of 2016, among
others. Ben Mosely, USA Rice vice president of government relations, reacted positively to the passage of
the continuing resolution, saying "There's more to this legislation than just short-term funding of the
federal government. There's an additional $500 million set aside for disaster aid following a series of
extreme weather events and flooding throughout the country."While the amount of money divvied out to
each of the states affected by natural disasters has not yet been made public, Mosely said, "Louisiana is
certain to receive a fair portion of those funds given the sheer volume of damage to their farms,
businesses, and homes just last month. Louisiana Commissioner of Agriculture, Mike Strain, is working
to secure a portion of the Louisiana funding to directly aid farmers experiencing non-insured losses to
their operations."
Mosely added, "USA Rice is continuing to work with Congress, the Administration, and Louisiana
officials to press for additional disaster aid specifically for Louisiana's agriculture sector and we're
treating these initial funds as a down payment until a larger appropriations measure is considered during
the lame duck."
AR Rice Industry Donates Over 115,000 Pounds to

Arkansas Food Bank
Published 09/29 2016 04:08PM
Updated 09/29 2016 04:08PM
ARKANSAS
The Arkansas Rice Industry donated 116,900 pounds of rice to the Arkansas Food Bank.
The donation is in honor of National Rice Month. The rice donated will provide over 1.1 million servings of
rice for hungry Arkansas families.
"The Arkansas rice industry is committed to being good stewards of our resources and helping to alleviate
hunger in our state," Arkansas Rice Council President Jeff Rutledge said. "We take great pride in our
partnership with the Arkansas Foodbank and appreciate their efforts to feed our hungry neighbors."
21
Participating rice processors include Windmill Rice Company, Riceland Foods, Inc, Cormier Rice Milling,
Producers Rice Mill, Viviana Foods, Southwind Rice Mill and Specialty Rice, Inc.

The Arkansas Foobank works with 600 Arkansas hunger relief programs statewide.
On Monday, Governor Asa Hutchinson declared September as "Rice Month" in Arkansas.
http://www.nwahomepage.com/news/ar-rice-industry-donates-over-115000-pounds-to-arkansas-food-bank
Thai rice exports down 11% in August

30 Sep 2016 at 15:20 WRITER: ONLINE REPORTERS
Thailand remained the world's secondlargest rice exporter after India in the first eight
months of this year, with exports down almost 11%
last month, according to exporters.From January to
August, Thailand shipped 6.06 million tonnes of
rice worth 96.23 billion, up 2.9% year-on-year by
volume and 1.4% by value. The largest markets
during the period were Benin (11% of total volume),
China (9%), Ivory Coast (8.4%), South Africa
(6.2%) and Indonesia (5.8%).By comparison, India
shipped 6.71 million tonnes in the same period. The
third largest exporter was Vietnam, which shipped
3.12 million tonnes.
In August, exports fell 10.7% year-on-year but jumped 40% from the previous month as African
buyers returned, the trade body said.The country shipped 622,630 tonnes worth 10.4 billion baht during
the month.The association foresaw exports of 600,000-700,000 tonnes in September as exporters have to
deliver rice to the Philippines and fill more orders placed by African buyers.
The Bangkok Post
22

1st October, 2016 Daily Global, Regional and Local Rice E-Newsletter by Riceplus Magazine

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Abdul Sattar Shah

Admiral (R) Hamid Khalid

Punjab to produce 160L metric tonnes paddy

Editorial Advisory Board

TNN | Updated: Sep 30, 2016, 07.16 AM IST

Assistant Professor, Gomal

CHANDIGARH: Punjab hopes to procure 160 lakh metric tonnes

Dr.Malik Mohammad Hashim

Assistant Director, Agriculture KPK

Falak Naz Shah

Head Food Science & Technology

Daily Global, Regional and Local Rice E-Newsletter

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Daily Global, Regional and Local Rice E-Newsletter

Export woes cut kharif basmati sowing by 25% in

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Daily Global, Regional and Local Rice E-Newsletter

Africa imports $5b worth of rice every year Tijani

Daily Global, Regional and Local Rice E-Newsletter

Daily Global, Regional and Local Rice E-Newsletter

Farmers thresh palay at a farm in Bacnotan, La Union yesterday. JUN ELIAS

Daily Global, Regional and Local Rice E-Newsletter

Paddy Prices Hit New Low Ahead of Pchum Ben Holiday

Daily Global, Regional and Local Rice E-Newsletter

Daily Global, Regional and Local Rice E-Newsletter

Water savings, cost-sharing for rice growers from AWD:

Daily Global, Regional and Local Rice E-Newsletter

Giant rice exporter incurs huge loss

Daily Global, Regional and Local Rice E-Newsletter

Only Vinafood 2, as the major business, had to fulfill the

Daily Global, Regional and Local Rice E-Newsletter

Gov't to audit value assessment of Vinafood 2

Daily Global, Regional and Local Rice E-Newsletter

Daily Global, Regional and Local Rice E-Newsletter

Lagos to build silos for rice storage

Daily Global, Regional and Local Rice E-Newsletter

Arkansas Farm Bureau: Daily Commodity Report

Daily Global, Regional and Local Rice E-Newsletter

Nov '16 991.0 977.5 988.5 +11.5

Congress Passes LastMinute Continuing

Daily Global, Regional and Local Rice E-Newsletter

AR Rice Industry Donates Over 115,000 Pounds to

Daily Global, Regional and Local Rice E-Newsletter

Thai rice exports down 11% in August

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