GLOBAL RICE NEWS
AFRICA  

Nigeria to attain rice sufficiency by 2015—Akinjide

Minister of State for Federal Capital Territory, Chief Olajumoke Akinjide, assures that the Federal Government and FCT Administration are committed to ensuring that Nigeria is self-sufficient in rice production by 2015.

We’ll attain rice self-sufficiency by 2015—FG

The Federal Government says it is working hard to ensure that the nation attains rice self-sufficiency and will stop importing rice by 2015.

Nigeria’ll ban importation of rice by 2015—Minister

Nigeria’s commitment to achieve rice self-sufficiency also means an end to rice imports by 2015.

Nigeria: LCCI criticizes FG over proposed importation of rice mills

The Lagos Chamber of Commerce and Industry says that the government’s plan to import rice mills from China runs contrary to its promise to create an enabling environment for the private sector.

Nigeria: FG plans dry farming initiatives for flood victims

The minister of agriculture and natural resources has announced that the federal government plans to encourage dry farming initiatives to provide food to flood-affected areas in the country is part of its effort to enhance food security.

Namibia: Moderate inflation forecast for the year

Analysts expect food inflation and transport inflation to remain relatively subdued in the coming months.

Nigeria: Fed govt embarks on large scale production of rice

The minister for state agricultural and rural development emphasizes the current government’s commitment to achieve rice self-sufficiency by 2015.

INDONESIA 

Jakarta floods as monsoon soaks Indonesia

Heavy monsoon rains have triggered severe flooding across the Indonesian capital, Jakarta, with many government offices and businesses forced to closed because staff could not get to work
PAKISTAN 

SC meets over PM arrest order today

Pakistan’s Chief Justice Iftikhar Mohammad Chaudhry ordered that all those accused of graft in power generation projects be arrested and for the chairman of the National Accountability Bureau to report to the court.

Barter arrangement: Pakistan plans wheat sale to pay for imports from Iran

Given the international sanctions on Iran, Pakistan has decided to ship wheat to Tehran to clear unpaid bills for electricity and iron ore.


PHILIPPINES  

NFA to buy same volume of palay from farmers this year

The National Food Authority says that it plans to buy 591,675 MT or 11.883 million bags of paddy from farmers in 2013—roughly the same volume as last year.

PRICES & REPORTS (GAIN)

Grain update, January 2013, Bangladesh (1-11-2013)

Bangladesh’s rice production in marketing year 2012-13 is expected to reach 34 MMT.

SOUTH AMERICA

Brazil soybeans: Estimated yield increases following rainfall

The U.S. Department of Agriculture forecasts Brazil’s soybean production for 2012-13 to reach 82.5 MMT, up by 1.5 MMT or 2% from last month’s estimate and up by 16 MMT or 24% from last year’s drought-affected crop.

THAILAND

Thai government approves feed price hike

The Thai Commerce Ministry has approved to increase the price of local feed by 3-10% following the continuous rise in raw material costs.

UNITED STATES

Farmers may see steeper budget cuts in new farm bill

Row crop producers may get an unpleasant surprise when the House and Senate Agriculture Committees begin trying to restart the farm bill process sometime during the next few months.

USDA reports provide some price direction for corn, soybeans and wheat

The U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates report last Jan 11 offer some direction to the grains markets.

VIETNAM

Mekong Delta facing crushing calamity

The plan to build hydropower power plant dams on the Mekong River would not only seriously damage the Vietnamese Mekong Delta, but it would also threaten the world’s food security.

WORLD

Financial crisis: World Bank cuts global growth forecast

The World Bank cut its global growth forecast for this year, as austerity measures, high unemployment, and low business confidence weigh on economies in developed nations.

South Australian growers beat near-drought conditions to produce above average crop

Despite the near-drought conditions across South Australia in the final months of 2012, grain growers still produced an above average crop of 6.45 MMT.

Russia increases rice exports

Russia exported a record 334 TMT of rice in 2012, which is twice more than what it sold in 2011.

Rice, a silver bullet to fight off cancer?

A Michigan Technological University scientist reported that juice from rice cells knocked out two kinds of human cancer cells as well or better than the potent anti-cancer drug Taxol in lab tests.

OTHER                             

Obstacles arise for euro-zone bank plan

A centerpiece plan in Europe's bid to ease its financial crisis, widely credited with calming markets when it was unveiled last year, is under pressure as eurozone officials spar over how to implement it.

Oil prices climb as US reports surprise drop in crude stocks

Global oil prices advanced on Wed (Jan 16), as the U.S. announced an unexpected drop to its crude inventories last week, indicating firmer demand by the world's biggest consumer of oil.