The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) during Q1 soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Founded by Jeremy Zwinger in 2002, The International Commodity Institute is the umbrella organization that serves to offer clients an integrated media source that connects all critical aspects of the world rice industry. The institute brings together in-depth market reports and analysis (The Rice Trader publications), trade networking (World Rice Conference and other Events), expounding in various media (Weekly Direct TV Interviews), working with international producers of commodities (Farm & Trade), helping entities with global consulting, and international recognition for achievements and contributions to the global rice industry (World’s Best Rice Award and The Rice Trader Lifetime Achievement Award).
From farm to fork, from research to destination, the rice industry will be able to utilize the tools offered by the International Commodities Institute for insights and the ability to understand short, medium, and long term industry consequences, interpret market dynamics into commercial success.
For over 30 years, The Rice Trader publication has brought its subscribers crucial, up-to-the-minute information on rice trade through its daily and weekly publications. Acknowledged as the only source of confidential information about the rice market, this weekly summary of market data analysis has helped both the leading commercial rice companies and the regional government officials make informed decisions, which are critical in today’s market.
The Rice Trader is the world’s leading trade publication dedicated to in-depth analysis of the global rice industry. We assist your organization with valuable intelligence for risk management, trade, and decision-making abilities across the rice industry supply chain.
Rice is the staple food for over three billion people making it the world’s most important grain. Leaders from over 20 countries and every corner of the rice industry receive The Rice Trader. They rely on it to determine the most efficient ways to trade and transport this vital commodity. Comprehensive, in-depth market analysis makes The Rice Trader a pillar in the global rice industry and is the most profitable investment a person in this trade can make.
Acknowledge and honors development achievements through the prestige of our international awards, The Rice Trader aims to recognize and promote the development of the rice industry in countries that appreciate continuous development by education and research.
Published 48 times a year, the Weekly Report is a vital source for market intelligence. We serve our subscribers by delivering an integrated platform of information on rice origins, allied markets, and risk management tools. The Rice Trader combines market data with proprietary research to provide our clients the most comprehensive rice report in the world on a weekly basis.
Daily News Update from The Rice Trader features all of the most recent activities of the global rice industry from various related aspects and beyond.
The Rice Trader World Rice Conference is the world’s leading forum for rice industry professionals, and emphasizes on the global rice trade, with a strong reputation in bringing leaders and rice industry and the various elements that deliver rice, from farm to fork.
Team up from rice professionals, along with the companionship of researchers, enthusiastic advisors and reputed traders of the global rice industry who have decades of experience, The Rice Trader aims to deliver an integrated platform of information to the rice trade and allied industries that not only informs, but provides analysis, insight and valuable intelligence that will assist risk management, trade, and decision-making abilities across the rice industry supply chain.
|Jeremy Zwinger – President & CEO:|
|“As the world and market transforms, so must we or we will be left behind.”|
Jeremy Zwinger is the CEO/President of The Rice Trader, Farm And Trade, Inc., and International Commodity Institute. Mr. Zwinger is the founder of the World Rice Conference, along with several other key projects which help build bridges between a vast number of global entities. He was raised on his family’s farming operation in North Dakota, USA, and is a graduate of North Dakota State University, where he also attended graduate school for agriculture economics. Jeremy followed up this graduate school studies by taking on the position of the market analyst for U.S. Wheat in Washington DC, where he was able to get hands on experience in complexities of global trade and U.S. agricultural trade policy. His interests are broad, ranging from commodities markets to the digitalization of global business to the rapidly changing international cultural/geopolitical environment. Development of water distribution systems, ownership of water rights, and large-scale water trading are also key passionate interests. On a personal note, Mr. Zwinger is blessed with five children and an amazing family, whose support has allowed him to be here today.
A regular participant at international events and conferences, Mr. Zwinger has contributed extensively on the analysis of markets by predicting inter-commodity effects (rice, wheat, corn, soybeans, sugar, etc.), as well as currency and oil price led impacts on the rice markets. He is also well known among clients for his direct advisory work and market analysis that has proven to be very close to actual market developments. His 2007 speech forecast rice prices to go past $1,000 per ton levels, the more recent global food oversupply predictions, his prediction of the 2016 Trump presidency more than a year in advance of the U.S. elections, and a split 2020 election, are a just a few key examples that are well regarded.
Additionally, Mr. Zwinger has extensive experience that extends globally in the fields of publishing, brokerage, water trading, advisement, production financing, and consultancy services to a number of internationally respected players, including several Fortune 500 companies. He has consulted for many countries on key strategic interests, with direct access to heads of state and their cabinet members throughout the globe. More recently, he has become heavily involved in globally critical topics such as water rights and value, food security issues, electronic trading, international production financing, global investment strategies with a focus on the commodity fields, market development strategies, and the coming solar cycle, which is likely to lead to major global issues on a multitude of levels. In 2020, he was also made a lifetime member of the Farm Foundation, a prestigious agriculture and trade policy group, which helps make recommendations for the future, while facilitating key leaders into action. Mr. Zwinger has recently taken on the role of a weekly market discussion analyst on Direct TV, talking about the commodity markets and the important topics of the day. The changes brought on by Covid-19 have forced major developments in Mr. Zwinger’s business, where unique software was developed to help allow personalized networking with automated contracts. The goal remains of a more efficient trade mechanism in this new and ever-changing environment.
Mr. Zwinger looks forward to contributing more insights on the future and hopes to make yet another accurate assessment of the direction the market is headed in aid of those in attendance. As we have seen in the past, there are likely to be some interesting insights that come from his engaging and passionate discussions.
|V Subramanian – Vice President|
Subra is Vice President and a member of The Rice Trader team with primary responsibilities in the TRT’s Asian and African rice market coverage. As Vice President at The Rice Trader, Subra presents daily updates on rice market prices, market developments and the latest in dealings amongst buyers and sellers as well as to provide a significant contribution to the weekly TRT report that has a wide readership from the global rice trade.
Subra’s contributions extend to covers developments and market intelligence gathering across all major rice markets, with an emphasis on development of TRT’s focus on rice market verticals that look at markets specifics like white rice, parboiled rice, fragrant rice, basmati rice, broken rice as well as key price trends and analysis in global rice markets and how these relay market signals and trends in procurement. Special reports on African markets, China, Indonesia, the Philippines and all the major export markets of India, Vietnam, Thailand, Pakistan, US, South America, Myanmar and Cambodia are also part of Subra’s market specific special reports that provide readers with specialist insights into global rice markets.
Subra is well-known for his role in the TRT World Rice Conference (held since 2009) the annual meeting place for the global rice trade.
Subra was also Managing Editor of Rice Today, between 2009 and 2012. Rice Today is the flagship publication of IRRI that was published by the The Rice Trader from between 2009 and 2012.
Subra was previously part of IBC Asia (Informa Group) for 14 years between 1994 and 2008 and helped create several firsts including Asia’s first coffee, sugar, rice conferences, and the world’s first Dry Bulk Shipping conference in a role that saw him create and eventually head IBC Asia’s Commodities and Maritime Division.
Educated in Singapore and the United Kingdom - Economics degree (University of Leicester) and a Masters in Science (MSc) degree in shipping trade and finance (City University, London, now known as the Cass Business School), Subra started his career at the Singapore Trade Development Board compiling trade statistics between Singapore and Malaysia. Subra subsequently joined Peregrine Futures where he provided daily market reports and analysis (including fundamental and technical analysis) to clients on futures markets, with emphasis on Coffee, Cocoa, Sugar as well as the metals markets of the London Metals Exchange.
Testimonials about TRT
Mr. Vivek Sharma
“I have been reading TRT and attending the World Rice Conference organized by them for 9 years now. I have gained tremendous knowledge and network by being a subscriber. The personal touch is present in every interaction and even though you may just be reading it on your laptop, you can hear the passion of Subra and Jeremy’s voice behind those lines. It is a boon for rice industry professionals. It brings together some of the brightest minds and nicest people on the planet, and I almost forgot, the most current and timely information available on Rice.”
Mr. Mamadou Ciss
CEO, Alliance Commodities
“I have been trading rice since 1984 in various organizations and I have been a regular subscriber of TRT since the beginning.
TRT has revolutionized the way rice reports were and are written. They inspire and lead the rice market in its growing need to be informed on what’s going on.
I have always been satisfied with their services which I highly recommend to those willing to play a role in the rice industry.”
Mr. Henry Allard
President, Filhet-Allard Maritime
“The professionalism of the TRT team, as well as the high quality of information provided by its platforms, are two of the many reasons why Filhet-Allard Maritime is delighted to be a long-standing partner of TRT.
Year after year, TRT has proven to be a valuable tool for industry players and the annual World Rice Conference never fails to provide excellent networking opportunities. For over a decade, we have enjoyed an enriching partnership with TRT and we look forward to many more years of fruitful collaboration.”
Mr. Sujit Pande
Responsible for Global Marketing & Product Management activities of Rice Solution Business @ Buhler AG
“The Rice Trader and its associated business will be richer if we can track all relevant data and give impetus to its impact on future business scenarios. We at Buhler really appreciate depth of data and flow of facts brough by TRT team. “
Mr. Chookiat Ophaswongse
Honorary President Thai Rice Exporters Association
The Rice Trader (TRT) is now the most recognized organization all over the world for Rice Business, this success came after investing so much of time and efforts over numerous years. You deserve to enjoy every moment of it! Congratulations my friend, and may you get much more success in the years to come in your business.
With severe deficiency of monsoon rainfall in the eastern regions hitting paddy sowing activities, the country’s rice production for 2022-23 crop year (July-June) may turn out to be at least 10 million tonne (MT) less than last year’s record level of 129 MT, according to trade sources.
Adverse weather across top rice suppliers in Asia, including the biggest exporter India, is threatening to reduce the output of the world’s most important food staple and stoke food inflation that is already near record highs.
Three ships carrying 58,041 tonnes of corn have been authorized to leave Ukraine on Aug. 5 as efforts continue to move more than 20 million tonnes of grain that has been stranded in storage due to the Russian blockade, Reuters reported.
Adverse weather threatens to reduce rice output in India, China, Bangladesh and Vietnam amid near record high food prices
India’s paddy sowing has declined this monsoon projecting a dampened kharif harvest. This not only means the likelihood of continued high inflation in India but also a food crisis across the world.
Vietnamese enterprises have been advised to develop raw material areas which fall in line with EU regulations in order to make further inroads into the demanding market, according to industry insiders.
It is expected that 300,000 rice farmers in the Mekong Delta would receive support to improve their livelihoods and reduce emissions in rice production.
Shares of KRBL, the owner of the India Gate brand of basmati rice, climbed over 4% after the government said exports of the rice variety increased by 25,54% in the April-June period of FY23
The Karnataka education department has proposed ragi mudde and jowar roti for schoolchildren in their midday meals in areas where they are part of the culture.
Exports of basmati rice increased by 25.54 per cent in April-June 2022-23 to USD 1.15 billion, the commerce ministry said on Saturday.
The runaway inflation has increased the cost of cultivation, prompting the Sindh Abadgar Ittihad (SAI) to push for a significant increase in the purchase prices of wheat, cotton, rice, and sugarcane.
Pakistan's consumer price index (CPI) rose 24.9 per cent year on year in July as compared to the same month a year ago when it was recorded at 8.4 per cent, according to official figures.
The trade between Pakistan and Iran was suspended after rains and flash floods washed away Quetta-Zahedan rail track at various points and also brought Afghan transit trade to a halt due to flooding at the Pak-Afghan border and adjoining areas.
Just like sugar and onions, the retail price of rice has also increased by P2 to P10 per kilo based on the latest monitoring of the Department of Agriculture (DA).
Filipino farmers continue to reject the Golden Rice project, reiterating that this “unnecessary and unwanted corporate experiment” may endanger not only farmers but also consumers and the environment.
A total of 2,218 rice farmers here each received a PHP5,000 cash aid on Thursday to boost their competitiveness amid a looming food crisis.
Bangladeshi rice scientists’ petition seeking regulatory approval remains pending for five years
A state minister suggests people in Bangladesh ignorantly moan about price rises
Gangavathi, a small municipality in Koppal district, is municipality referred to as the “Rice Bowl’ of Karnataka.
Dr. Ir. Fadjry Djufry, M.Si Director General of the Indonesian Agency for Agricultural Research and Development shares how the organisation is championing sustainable agriculture and improving the country’s agricultural productivity.
Rice grown on terraces created in the village of Jatiluwih, located on the Indonesian island of Bali and declared a world cultural heritage by UNESCO, is harvested in the shadow of Batukaru Mountain, one of the highest peaks of Bali.
Several countries have asked Indonesia for rice, hoping the world's third-largest producer of the grain can help them overcome shortages at home, but experts and farmers see little chance of Indonesia becoming a major exporter in the foreseeable future.
Origin Agritech Ltd. has received approval for six new corn varieties from China’s National Crop Variety Approval Committee, the company announced Aug. 4.
Verdant rice paddies looked all the more vibrant under the blistering summer sun. For Luo Deru, owner of the fields in southwest China's Guizhou Province, a bumper harvest was already in sight.
China plays an enormous role in the world grains market, with a large population that is increasing in affluence. Its huge pigmeat sector has been disrupted by African swine fever and then reformed in the aftermath of the disease, pushing feed demand higher.
A regional sake brewer has released a product for an eye-popping 330,000 yen ($2,400) -- a set of two 720-milliliter bottles of sake made from Japan's famed Koshihikari rice cultivated by hand and free of any agricultural chemicals and synthesized fertilizers.
Japan will pledge to assist Africa to double rice production on the continent in response to the global food crisis propelled by Russia's war in Ukraine, according to a draft aid package to be unveiled at an African development conference in late August.
Japanese retailers are introducing specialty rice products to lure customers as prices for the staple have steadily declined.
Thailand’s Kasikornbank (KBank) is pressing ahead with plans to become a regional digital bank, with an expansion drive in Vietnam.
People living along the Mekong River in Thailand’s eight northern and north-eastern provinces have been advised to brace for the effects of the rising level of the river until August 8th.
Thailand’s export sector has sustained significant growth this year. The Ministry of Commerce said farm products have been the best performer, helping push the growth to 12.7% in the first half of 2022.
While Kazakhstan extended and increased its available wheat and wheat flour export quota until Sept. 30, 2022, exporters have reported a lower fill rate as of July 14, according to a Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture (USDA).
The All-Ceylon Restaurant Owners’ Association has decided to reduce the prices of a cup of plain tea and a packet of rice.
The agricultural sector faced challenges during the Covid-19 crisis but remained strong, and also created opportunities, such as expanding the scope of agricultural exports to international markets, according to a report.
Food vendors and transporters have identified logistics, higher costs of diesel, petrol and poor state of rural roads as some of the factors causing an abnormal rise in prices of food items.
African nations are free to buy grain from Russia but could face consequences if they trade in U.S.-sanctioned commodities such as Russian oil, the U.S. ambassador to the United Nations said Thursday.
The Federal Government has said the deepening security crisis that plagues the country has not affected the country’s food production much.
Minister of agricultureand rural development, Mohammed Abubakar, has disclosed that 60,000 metric tonnes of grains are currently domiciled in silos, under the national strategic grain reserve.
Prices of food items like rice, bread and beef have increased in the past few years, some by over 200 per cent
IN the years 2018-2019 there was a massive drought in Zambia, as a result of El Nino. The corn dried up. Now, as a result of this lesson, and as a response to global warming and increasing drought, wrought by climate change, there is a move to diversify crops, within the country, to feed the citizens without importing food.
On 15 July 2022, the Board of Directors of the African Development Fund approved a loan of €62.99 million to Cameroon.
The European Union and its Member States in a press communiqué recognized the role played by Liberia's Foreign Minister Dee-Maxwell Saah Kemayah, Sr., stating that the Republic of Liberia currently plays an important role to restore peace, security, stability, democracy and constitutional order in its Sisterly Republics in the region, the European Union reaffirms its readiness to support the Republic of Liberia and ECOWAS in these endeavors.
For many rural communities in Niger State, the last few weeks have been traumatic, especially for those to rear livestock as bandits invade their homes to rustle cows, sheep and goats.
The Chief Executive Officer (CEO) of Tiamin Rice Milling Company, Alhaji Aminu Ahmed, has disclosed that the company, when commissioned in the next two months, would produce 600 metric tonnes of rice per day.
Two Australian companies, including a brash young agtech upstart, are among the many working to change rice cultivation in this region and shift to new crops. From our upcoming August issue.
It is dark purple in colour, high in protein and antioxidants, and you may have tasted it in a takeaway burrito or sushi roll.
The hassle of travelling to Tavua town to harvest rice will now become a thing of the past for rice farmers of Volivoli in Ra.
Two Australian advisory bodies – the Commission for International Agricultural Research and the Policy Advisory Council – recently visited Vietnam to see first-hand the major challenges facing one of the region’s critical food bowls, the 40,500 km2 Mekong Delta.
The strained supply chain and other issues important to the grain industry were discussed at the 49th annual Australian Grain Storage & Protection Conference.
The Ministry of Agriculture is urging villages, especially in the rural areas to take up rice farming.
Fiji will be self-sufficient in rice within 20 years, said Minister for Agriculture Dr Mahendra Reddy in Rakiraki on Monday.
GrainCorp has unveiled plans to build 2 million tonnes of new storage capacity as part of an upgrade of its grains receival network on the east coast of Australia (ECA). The announcement comes on top of a 1.5 million-tonne expansion of additional storage in 2021.
The Australian Government is supporting quality rice seeds through the Quality Declared Seed (QDS) system under the Cambodia-Australia Agricultural Value Chain Programme (CAVAC), according to the Australian Embassy in Cambodia.
Northern Rivers rice growers who lost half their crops in the recent floods say they have been dealt another blow.
Four more ships loaded with grain set off from Ukrainian ports on Sunday, as Moscow and Kyiv blamed each other for a new strike at a Russian-occupied nuclear plant.
The dry cargo ships MV Arizona and MV Sacura with export grain are scheduled to leave ports “Chornomorsk” and “Pivdenne” today, August 8.
Russia is having "more and more difficulties" conducting its invasion of Ukraine, said Dan Rice, a special adviser to the Ukrainian Armed Forces Commander-in-Chief Valeriy Zaluzzhnyi.
Ukraine has called for the deal that relaxes Russia’s blockade of its Black Sea grain exports to be extended to other products such as metals after the first successful use of the route.
Drought and unusually hot weather have raised the salinity in Italy’s largest delta, where the mighty Po River feeds into the Adriatic Sea south of Venice, and it’s killing rice fields along with the shellfish that are a key ingredient in one of Italy’s culinary specialties: spaghetti with clams.
On a morning hot enough to curdle milk in Ukraine's second city, a few dozen hopefuls bat away wasps as they queue to get their hands on food aid.
Many farmers in the north are on the brink of financial ruin as the region suffers from the worst drought in 70 years. Italy's so-called "golden rice triangle" accounts for half of Europe's rice production. DW's Max Zander reports.
The headquarters overseeing exports of Ukrainian grains is set to be unveiled in Istanbul on Wednesday after a landmark U.N. deal last week, and a senior Turkish official said the first ship is likely to depart Black Sea ports in a few days.
Struggling to cope with food security amid an economic crisis and tight global wheat supplies, lawmakers in Lebanon voted July 26 to use a $150 million World Bank loan to pay for wheat imports into the cash-strapped country and help stabilize bread prices, The Associated Press reported.
After five months of death, destruction and darkness, a ray of hope emerged on July 22 from the Russia-Ukraine conflict that has engulfed the Black Sea region and sent destructive shockwaves around the world.
The Ministry of Trade, Commerce, and Food Security says that there will be NO rice shortage in the country for the next few days.
Corn exports from Brazil have increased by 221% in the first half of 2022 as importers seek to replace Ukrainian corn that isn’t making it to market due to the ongoing war with Russia, according to a report from Reuters.
The Guyana Rice Development Board (GRDB) is conducting a study of paddy bugs to reduce their impact on rice cultivation here. This is being done to secure the country’s rice export, specifically to the European Union market, preserve the ecosystem and aid in food security.
A new report from Mercy Corps, a humanitarian organization based in Portland, Oregon, US, describes how the war in Ukraine has impacted agriculture, food security, energy and transportation in six Middle East countries.
High prices may drive down grain and feed consumption in the United Arab Emirates for marketing year 2021-22, but an economic recovery and increased imports are expected in 2022-23, according to a Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).
Persistent drought and high fertilizer prices are conspiring to cut Argentina’s 2022-23 wheat planting area estimate, Reuters reported, citing the Buenos Aires Grains Exchange on June 16.
But the issue that's putting the most pressure on global food prices is undoubtedly the record inflation that's bumped up the cost of foods such as meat, poultry, and fish, as well as fresh fruit, pre-packaged cereals and baked goods, according to CNBC.
The government of Panama decided to import some 60 thousand tons of rice to guarantee the consumption of one of the country’s main products.
President Luis Abinader supported the success of the Dominican Republic in the fight against Covid-19.
Laborers wait after unloading the sacks of rice at a wholesale market, amid the country's economic crisis in Colombo, Sri Lanka, May 20, 2022.
A lack of rainfall in parts of India, the world’s largest exporter, could make rice the next challenge to the world’s food supply.
Rice consumption in Iran currently stands around 3 million tons per year, 70% of which are supplied through domestic production, according to a deputy agriculture minister.
The United Arab Emirates has pledged $2 billion to help develop a series of "food parks" in India to tackle food insecurity in South Asia and the Middle East, a joint statement said on Thursday.
The rice market is rife with speculation on talks that Iraq’s buying authority for basic food products, including rice, is returning for further purchases.
Yemen plans to send a delegation to India next week with plans to secure wheat as strategic food stockpiles are running out, Reuters reported.
With strong demand, high prices domestically and internationally and diminishing uncertainty over fertilizer availability, Brazil’s corn production is expected to increase and planted acres are set to reach a new record, according to a report from the US Department of Agriculture’s Foreign Agricultural Service (FAS).
The state-owned Saudi Grain Organization (SAGO) said it will reimburse area farmers for any wheat price increase if it had made international tenders at a higher price than the approved one, Reuters reported.
India and Cuba held the second round of Foreign Office Consultations in Havana during which the two sides reviewed the entire gamut of their bilateral relations, and signed an agreement on short-term credit worth Euro 100 million for procurement of rice from India.
The United Arab Emirates is interested in purchasing Thai rice, Vice Commerce Minister Sansern Samalapa said on Wednesday.
The resolution applies to all wheat varieties (spelt), namely hard, ordinary, and soft wheat, and wheat flour (spelt flour)
This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.
FAS-Nur-Sultan forecasts no significant change to wheat planted area for MY2022/23. Producers in Kazakhstan's three main wheat producing regions reported no adverse weather events and precipitation has been generally more than last year, especially through June, although July precipitation in some areas has come in slightly lower
FAS-Nur-Sultan forecasts no significant change to wheat planted area for MY2022/23. Producers in Kazakhstan's three main wheat producing regions reported no adverse weather events and precipitation has been generally more than last year, especially through June, although July precipitation in some areas has come in slightly lower.
This report covers the national rice market. Rice prices are listed by variety and by state, with historical trend data for select varieties. Also included is a market trend analysis.
This full text file contains reports, issued weekly during the growing season (April to November), which lists planting, fruiting, and harvesting progress and overall condition of selected crops in major producing states.
Rice export prices decreased 1-2 percent as new inquiries for white rice were quiet.
Dry and warm conditions across the EU, combined with a decline in corn plantings, are anticipated to reduce the bloc’s total grain production in MY 2022/23.
Wheat imports for 2021/22 are revised upward to 11.2 million metric tons (MMT) from the previous estimate of 11.0 MMT, reflecting recovering demand for flour-based foods. In line with increased imports, food, seed, and industry (FSI) wheat consumption is also revised up 2.2 percent to 9.1 MMT of wheat equivalent.
Significant rainfall has alleviated severe drought conditions in large regions of Alberta and Saskatchewan but more is required to support wheat growth.
Australia is expected to produce a third consecutive big grain crop in marketing year (MY) 2022/23 after a record setting winter crop and strong summer crop production in MY 2021/22. Another broadly favorable set of conditions around the time of winter grain planting and the early growth phase across most production regions bodes well for wheat and barley production in MY 2022/23.
Kansas State University’s International Grains Program (IGP) recently hosted 14 participants from the United States and South Korea for its Grain Export Supply Chain Expedition Course.
A lot of rain dancing was going on leading up to last weekend’s long-awaited statewide rain event. Some got a little more than they bargained for, and some got less than was needed to make a major impact, but the majority of the rice growing areas received 2-5 inches of rain from Thursday through Sunday.
Walnut Ridge farmer Kai Rorex checks rice for heading at Crisler Farms, located off Hwy. 34 just outside Walnut Ridge towards O’Kean. Rorex said the recent rains have been a blessing to the farming community as “Nothing beats rain from the good Lord.”
America's leading rice company, announced today the Success® Rice Share Your Success Recipe Contest.
USA Rice and industry leaders are seeking legislation to remove barriers to U.S. trade with Cuba to ease the way for U.S. rice exports to the island nation.
Soybeans are rated 61% good to excellent, 94% of the crop blooming, and 76% is setting pods. Cotton is rated 65% good to excellent with 99% squaring and 88% setting bolls. One percent of the bolls are opening. The rice crop is rated 69% rated good to excellent, 35% of the crop is headed. Peanuts are rated 75% good to excellent with 97% pegging.
The U.S. emergency crude oil stockpile fell by 4.6 million barrels last week to its lowest level since May 1985, according to the Department of Energy on Monday.
The US Department of Agriculture has projected that 2022 EU milled rice output will dip by 21% on year to 1.35 million mt in its latest Grain and Feed update released July 29.
A survey of coaches and athletic officials in Texas indicates many of them would be wise to think harder about the risks their students face as the climate changes, according to Rice University researchers who conducted the statewide study.
The USDA reported earlier this week that Texas was 68% headed, which is a little behind schedule. Still, some growers are already tuning up and even running their harvesters.
Adverse weather across top rice suppliers in Asia, including the biggest exporter India, is threatening to reduce the output of the world's most important food staple and stoke food inflation that is already near record highs.
The UN Food and Agricultural Organization's (FAO) Food Price Index averaged 154.2 points in June, down from 157.9 in May, 158.4 in April and the record of 159.7 points in March scaled immediately after the Russian invasion of Ukraine.
World hunger levels rose again last year after soaring in 2020 due to the COVID-19 pandemic, with the Ukraine war and climate change threatening starvation and mass migration on an “unprecedented scale” this year, according to U.N. agencies.
UN Secretary General Antonio Guterres has warned of an "unprecedented global hunger crisis," saying next year could be worse.
The recent rise in food prices is also raising concerns about rice prices. Experts said rice production is still adequate, but prices might need to be monitored next, CNBC reported on Sunday.
The World Bank slashed its growth estimate for the global economy to 2.9 percent, 1.2 percentage points below the January forecast, due to the Russian invasion of Ukraine which has caused a severe downturn.
Consumers around the world are facing high food prices, but by restricting food exports, governments of major food exporting nations will only exacerbate the issue, Sonia Akter writes.
The scale of the global food crisis that has followed Russia’s invasion of Ukraine cannot be underestimated.
According to the Food and Agriculture Organization, of the 4% of the 250,000 to 300,000 known edible plant species, only 150-200 are used by humans. Just three — rice, maize and wheat — contribute nearly 60% of the calories and proteins obtained by humans from plants. This leads to severe food security issues.
Global volume consumption of red yeast rice is 18,370 metric tons, and is expected to surge to 40,469 metric tons by the end of 2032.
China’s imports of iron ore in July rose 3.1% from a year earlier, customs data showed on Sunday, as steelmakers’ margins improve despite concerns over demand.
Shipping has been slower than other other transportation sectors in identifying a decarbonization approach to help counter climate change.
As airlines vow to switch to sustainable aviation fuel and vehicle makers bet on electrification, shipowners have yet to find low- or zero-emission marine fuels for the decades-long transition to a low-carbon future.
The market has spoken: Coal is dying” declared a September 2019 headline in CNN Business, after China announced it would cease funding overseas coal projects. “Coal is dead. Power to the people!” activist group 350.org triumphantly tweeted.
Making your own dairy-free milk is probably easier to do than you think it is.
Like many other Asian countries, the average Malaysian diet is not complete without a serving of rice.
India is seeking to oust Chinese firms from its sub-$150 phone market, broadcaster ET NOW said on Monday citing unnamed news agencies.
Appalachia in general and Greenup County in particular have a rich history tied to the soil.
The Joint Coordination Centre (JCC) has authorized the departure of three vessels from Ukraine, two from Chornomorsk and one from Odesa, carrying a total of 58,041 tons of corn through the maritime humanitarian corridor under the Black Sea Grain Initiative.
Global warming is now clearly included among the factors leading to inflation.
The Jakarta Police halted the criminal investigation into the finding of more than 3.7 tons of government rice buried by delivery company JNE Express, saying on Thursday there is no proof of malice.
The TRT will not be published next week, as the TRT TEAM is Traveling for the week meeting clients and setting up the World Rice Conference
Not a lot has changed in the last week as we saw markets get a respite with a weaker dollar this week. The global economy remains under pressure as costs, inflation, recessionary economic performance remains elements at play. As mentioned last week, weakening corn prices have added more pressure on rice markets, through a reduced demand for broken rice. We have also heard of a weaker Chinese, Philippines and African demand that is adding to the pressure with some traders seeming pushing to liquidate broken rice long positions at a time when pressure is showing.
Thought of the week
The Chinese use two brush strokes to write the word 'crisis.' One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger--but recognize the opportunity..
-- John F. Kennedy --