GLOBAL RICE NEWS
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.
Nigeria’s commitment to achieve rice self-sufficiency also means an end to rice imports by 2015.
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.
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.
Analysts expect food inflation and transport inflation to remain relatively subdued in the coming months.
The minister for state agricultural and rural development emphasizes the current government’s commitment to achieve rice self-sufficiency by 2015.
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.
Given the international sanctions on Iran, Pakistan has decided to ship wheat to Tehran to clear unpaid bills for electricity and iron ore.
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.
Bangladesh’s rice production in marketing year 2012-13 is expected to reach 34 MMT.
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.
The Thai Commerce Ministry has approved to increase the price of local feed by 3-10% following the continuous rise in raw material costs.
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.
The U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates report last Jan 11 offer some direction to the grains markets.
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.
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.
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 exported a record 334 TMT of rice in 2012, which is twice more than what it sold in 2011.
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.
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.
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.