TRT Market Reports

Liberians have begun to lament the repercussions that the reported shortage of the nation's staple, rice, would have on the country at a time when the nation is grappling with the impacts of the coronavirus pandemic.  This situation, which many think will put the country under undue pressure if not handled immediately, is already making the public jittery as many people are seen in long queues across Monrovia to purchase a few bags of rice.

The National Cereals Research Institute says that Nigeria has the capacity to produce sufficient rice to meet local demand.

The Custom Service (NSC) Adamawa/Taraba State command has intercepted a Tipper lorry concealing rice in a load of sand.  The lorry was intercepted along Mubi, a commercial and border town of Adamawa State.

Tanzania has joined the list of 37 countries which have ratified the African Continental Free Trade Area Agreement (AfCFTA) that seeks to boost intra-African Trade.  Minister of Industry and Trade, Kitila Mkumbo, made the announcement via Twitter, noting the country has joined a market of 1.2 billion customers. AfCTA was first opened for signing in Apr 2018 but came into application in 2019 after the requisite minimum of 21 of the 55 member states ratified it.

The results of the latest IPCC report have enabled new operations to model the impact of climate change on crops. In West Africa, rice yields are set to fall substantially if current global greenhouse gas emission trends continue.

The National Democratic Congress (NDC) says it will petition the Office of the Special Prosecutor (OSP) to investigate the circumstances surrounding the commissioning of the Akotombra Rice Factory.

Rice farmers in Ntensere and Nkawie in the Atwima Nwabiagya Municipality of the Ashanti Region have called on the government to intervene to control the activities of illegal gold miners (galamsey) to help them boost production and to improve their livelihood.

Cross River State governor, Ben Ayade has said that he will convert all residents in the state to Rice farmers.

All is now set for the formal commissioning of the Cross River State-owned 10-ton per hour ultra-modern rice mill located in Ogoja Local Government Area by President Muhammadu Buhari.

Drone technology has been introduced in a Chinese-run rice farm in Uganda as a tool to modernize the agriculture and improve the technical skills of local youth.

The total return of Australian farmland for the year ending Jun 30 was just over 15%, with income contributing 5.33% and capital appreciation return 9.36%, according to the latest quarterly Australian Farmland Index report.  On a quarter-by-quarter basis, total return amounted to 8.82%, driven mostly by capital growth at 7.16% and income return contributing 1.66%.

Australia is forecast to reap record farm revenues this year despite pandemic challenges, a mouse plague and a trade dispute with China.

The agricultural sector is looking at another record-breaking year, with the gross value of production (GVP) forecast to reach $73 billion in 2021-22, according to ABARES’ latest estimates.

A second consecutive year of good seasonal conditions and high commodity prices is helping shield Australia’s farm sector from the broader economic uncertainty of COVID-19, with farmer sentiment surging in recent months, according to the latest quarterly Rabobank Rural Confidence Survey.

With the rice season set for a superlative start following impressive rains, researchers predict growers will, for the first time this season, sow large areas to the new rice variety, V071.   Bred by the Australian Rice Partnership, a NSW Department of Primary Industries (DPI), SunRice and AgriFutures Australia joint venture, V071 is a semi-dwarf, bold medium-grain rice variety with high yield potential.

Women involved in the Australian rice industry and its related agricultural networks are encouraged to apply for the 2022 Jan Cathcart Scholarship.

With more than half of Australia’s population currently in lockdown due to outbreaks of the delta Covid-19 strain, tight rules on movement and state border closures are posing serious challenges for the A$66- billion ($49 billion) agriculture industry for the second year in a row.

There has been an increase in the number of Fijians who had opted for rice farming in Vanua Levu. Rice farmers in Nadogo outside Labasa Town has increased in the

Pakistan’s High Commissioner to Australia Ch. Zahid Aziz on Sunday said there are bright opportunities for increasing bilateral trade between Pakistan and Australia for which he will try his best.

The European Union is pressing ahead with carbon border levies – charges on carbon-intensive goods from countries such as Australia that haven’t taken strong action to reduce emissions. The EU will impose such measures on a range of imported industrial materials including aluminium, steel and cement.

Powered by direct flights and 43 embassies, Ankara expands its sphere of influence

France's farm ministry on Tue lowered its estimate of 2021 soft wheat production in the European Union's biggest grain grower to 36.06 MT from 36.69 million projected last month.

The European Union’s climate czar says the 27-nation bloc should ensure that the most vulnerable people won’t pay the heaviest price of the green transition, amid rising energy prices.

If an agreement cannot be reached between India and Pakistan and the EU rules in favour of either party, the matter could end up before the European Court.

Pakistan’s exports to Italy recorded a 49 per cent growth on a year-on-year basis to $786 million in the outgoing fiscal year 2020-21 despite the fact that the Covid-19 pandemic had hit the Italian market.

In the battle for corn and soybean market share, Brazil has made huge inroads in the past few decades. The South American country is the world leader in soybean production and is third in line for corn production. Buoyed by record profitability and a strong export program, expect further expansion in Brazilian corn and soybean acres.

As salt encroaches on productive agricultural land, a handful of startups are finding ways to make crops grow in seawater.

GUYANA and Suriname have inked a new agreement under which they will seek to target new global markets by joint expansion of their poultry and rice sectors. The Caricom countries indicated they will be supporting each other in entering the North American, European and regional markets.

WFP participated in the event “Fortified rice: strategy to reduce anaemia” organized by the National Health Institute to commemorate its 125th anniversary. The occasion furthered positioned fortified rice as a key example of national policies that contribute to reduce malnutrition.

In July, WFP and the Nicaraguan Institute of Agricultural Technology (INTA) continued delivering seeds, bio-inputs, small livestock and tools to 448 families as well as 800 additional rice vouchers, distributed in Las Minas, a hurricane-affected area with strong rice demand. WFP also provided informative material about the programme in Spanish and Miskito and technical guidance to improve productive capacities, income and knowledge on food security, gender, and resilience.

Still committed to retrieving the over $1 billion owed by the Panamanian government to the Guyana Rice Development Board (GRDB) for rice sold to the country, Minister of Agricultural Zulfikar has requested the assistance of Foreign Affairs Minister Hugh Todd to spearhead talks.

In recent years, precision biotechnologies have appeared on the Latin American horizon, introducing new ways to modify genomes affordably easily and precisely. Latin America has become an area that welcomes gene-edited crops in most of its territories. Researchers are developing tropical products for local use.

A $21 million contract has been awarded to Manohar Service for the construction of a laboratory at the Burma Rice Research Station on the East Coast of Demerara. The contract was signed Wednesday at the Ministry of Agriculture.

Low water levels on the Parana River in Argentina are forcing grain exporters to reduce the size of their cargo, according to a July 15 report from Reuters. Dryness in Brazil, where the Parana River originates, has caused a delay in the movement of thousands of tonnes of grain, Reuters reported.

The Louis Dreyfus Co. (LDC) debuted its $2.7 million investment at its grains and oilseeds storage site in Campo Largo, Chaco Province in Argentina with a ribbon cutting ceremony.

The Afghanistan-Pakistan Transit Trade Agreement (APTTA) draft is almost final, and will be shared with the new government as soon as things settle down in Kabul.

The rail service between Pakistan and Iran was suspended after a cargo train derailed in Chagai. According to Railway officials, the train was carrying rice from Quetta to Iranian city of Zahedan when it met the accident near Dalbandin.

The Iraqi government has purchased via a private company a total of 160,000 mt of US and Thai rice in recent days, according to multiple sources close to the trades.

Growing rice on Iranian land other than territories bordering the Caspian Sea “is like shooting oneself in the foot”, according to a Tehran Times columnist who has warned of the peril posed to Iran by the expanded cultivation of the water-intensive crop. M.A. Saki sounded the alarm following two weeks in which street protests over water shortages have rocked parts of the country.

Drought and mismanagement of water resources are fuelling anger at Iran’s government, sparking protests in which at least eight people have been killed.

Iran is the fourth largest importer of rice in the world with the annual purchase of 1.2 million tons worth $880 million, chiefly from India, according to a report by Iran Chamber of Commerce, Industries, Mines and Agriculture.

The Ministry of Agriculture has even been boasting about the cultivation of this highly water-intensive crop. Growing rice in lands other than those bordering the Caspian Sea is like shooting oneself in the foot.

Many in Khuzestan province where big crowds in over a dozen cities and towns have been protesting over water shortages for more than a week blame policymakers. Officials have said that at least 700 villages in the province are receiving regular supplies of water by tanker trucks.

Iran’s customs office IRICA has called on the government to dismantle a seasonal ban on imports of rice, a demand echoed by rice importers amid low supplies of the staple in the country which could cause a sharp increase in prices over the summer.

Wild Rice Products market 2021-2026 development strategy pre and post covid-19, by corporate strategy analysis, type, application, and leading 20 countries. Wild Rice Products Market Research Report is spread across 119 pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.

The new report by Expert Market Research titled, 'Asia Pacific Basmati Rice Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026', gives an in-depth analysis of the Asia Pacific Basmati Rice Market, assessing the market based on its segments like major types of basmati rice, end use and major regions.

The Impact of the COVID-19 Pandemic on Agriculture Trade, the latest developments and the way forward as the COVID-19 is still spreading and may entail severe implications for access to food and longer-term shifts in global demand and supply of food and agricultural commodities.

Export prices of all grades of rice remain unchanged despite the weakening of the Thai baht against the U.S. dollar and slow trading activities.

Disseminate informations about the production, value chains and rice markets in producers and consumers countries of Latin America and the World.

This report includes updated production forecasts issued by the National Agricultural Statistics Service which generally reflect crop conditions as of the first day of the month. The supply and demand impacts of transportation and port disruptions caused by Hurricane Ida are presumed to be temporary based on available information as of September 10, 2021.

Commission Implementing Regulation (EU) 2020/1259 of 8 September 2020 fixing the import duties applicable to certain types of husked rice from 9 September 2020

The Australian Crop Report contains ABARES forecasts for the area, yield and production of Australia’s major winter and summer broadacre crops. Forecasts are made at the Australian state level.

Main 2021 “winter/spring” paddy crop estimated at above‑average level

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.

The Arkansas rice industry has contributed 169,700 pounds to the Arkansas Foodbank in recognition of National Rice Month. Six mills will donate over 1.27 million servings of rice to help feed families, children, and the elderly across the State.

The California Cooperative Rice Research Foundation has tapped Dr. Dustin Harrell as its new director of the Rice Experiment Station near Biggs, California.  “We couldn’t be more excited,” said Glenn rice grower and foundation chairman Gary Enos. “His experience as a rice agronomist and just being director of the LSU research station speaks very well of him.”

The U.S. Department of Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA) announced today an investment of over $30 million for 33 grants that support farmers and ranchers who grow and market high-quality organic food, fiber and other organic products. This investment is part of NIFA’s Organic Agriculture Program.

U.S. grain exports slumped to their lowest level in years last week as shippers struggled to restart loading operations along the Louisiana Gulf Coast after Hurricane Ida flooded and damaged grain terminals and knocked out power across the region, preliminary data showed on Monday.

Rice researchers and growers are working to fine-tune the timing and type of nitrogen applications to produce the best crop with the least impact on the environment.

The Arkansas rice industry has donated 169,700 pounds of rice to the Arkansas Foodbank in honor of National Rice Month. The donation from six mills will provide over 1.27 million servings of rice to help feed families, children, and seniors all across the state.

The use of certified seed, equipment sanitation and crop rotation are among the tools California growers are using to curb instances of weedy rice, university crop advisors say.  Most growers are scouting at least monthly for weedy rice and finding that other weed species are more prevalent even for those who have it, according to a University of California survey.

Arkansas’s first shipment of rice to China was made earlier this summer, with more scheduled in the coming months.

In the Northwoods, one of our most iconic and beloved lake species is wild rice, a plant that grows in a few of our lakes and slow-moving streams. Last week, WXPR listeners heard from Joe Graveen from Lac du Flambeau, who talked about the importance of wild rice to the Ojibwe. It is also appreciated by non-Native people also love to harvest and eat wild rice.

More than 30 years ago, an act of Congress designated September as National Rice Month (NRM), and ever since the U.S. rice industry has capitalized on the annual month-long celebration to raise awareness of U.S.-grown rice and recognize the contributions the U.S. rice industry makes to America’s economy.

A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Rice - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

That is the main finding of a new UN report calling for repurposing these incentives to achieve more of the 2030 Sustainable Development Goals and realize the UN Decade of Ecosystem Restoration.   The report, A multi-billion-dollar opportunity: Repurposing agricultural support to transform food systems, was launched on Tuesday by the Food and Agriculture Organization (FAO), the UN Development Program (UNDP) and the UN Environment Program (UNEP).

Animal farming accounts for twice as many greenhouse gas emissions as plants grown for consumption, according to a study published Mon that mapped agricultural activities worldwide.

Producing enough food for a growing world population is an urgent global challenge. And it’s complicated by the fact that climate change is warming the Earth and making farming harder in many places.

Across the world, a dearth of workers is shaking up food supply chains. In Vietnam, the army is assisting with the rice harvest. In the U.K., farmers are dumping milk because there are no truckers to collect it. Brazil’s robusta coffee beans took 120 days to reap this year, rather than the usual 90. And American meatpackers are trying to lure new employees with Apple Watches while fast-food chains raise the prices of burgers and burritos.

Rice can serve as an affordable, nutrient-dense addition to any meal. And because it comes in so many different varieties, like white, brown, black, bamboo green, and even pink rice, it can be difficult to know which is the healthiest for us to choose.

Without immediate action to combat climate change, rising sea levels, water scarcity and declining crop productivity could force 216 million people to migrate within their own countries by 2050, the World Bank said in a new report on Mon.

Corteva Agriscience’ s preventive care solutions control damage, increase rice yield and contribute to healthier, more nutritious food supply

The US Department of Agriculture (USDA) has raised forecast for global wheat and rice supplies in the marketing year of 2021-2022.

Climate change in this century will allow one of the world's costliest agricultural pests, the diamondback moth, to both thrive year-round and rapidly evolve resistance to pesticides in large parts of the United States, Europe and China where it previously died each winter, according to a study by U.S. and Chinese researchers.

Fears surrounding a lack of supply are now trumping the fears surrounding a lack of demand as the industry seeks a delicate balance between the two.  The oil market sentiment has shifted. Fears surrounding a lack of supply are now trumping the fears surrounding a lack of demand as the industry seeks a delicate balance between the two.

The dollar weakened against major currencies on Wed after softer-than-expected U.S. inflation data released on Tue eased short-term expectations about tapering of asset purchases from the Federal Reserve.  The dollar index last stood at 92.441, down about 0.3% on the day from Tue, when it dropped following the inflation data but then recovered on haven demand as stocks slid on Wall Street.

China locked down a city of 4.5 million people in the southeastern province of Fujian after detecting a dozen coronavirus cases, an attempt to once again halt a delta outbreak and maintain its strict zero-tolerance approach to Covid-19.

Global crude inventories that ballooned during the pandemic have shrunk to the lowest level in 20 months as an economic rebound in top consumers China and the U.S. drive a robust recovery in fuel demand. 

The world will have to wait until Oct for additional oil supplies as output losses from Hurricane Ida wipe out increases from OPEC+, the International Energy Agency said.

The El Niño–Southern Oscillation (ENSO) is currently neutral. However, strengthening model outlooks and recent cooling in the tropical Pacific Ocean has raised the chance of La Niña forming in 2021. Consequently, the Bureau has lifted its ENSO Outlook status to La Niña WATCH, meaning around a 50% chance of La Niña forming. This is approximately double the normal likelihood.

On Thu, climate and weather experts will discuss key findings from NOAA's U.S. and global climate analyses for August, the latest El Niño/La Niña update, and the U.S. seasonal outlooks for temperature, precipitation and drought for the next three months.

Nicholas' strong winds knocked out power to hundreds of thousands across Texas as the storm pushed its way inland, toppling trees and power lines and leaving streets flooded in its path.

Iraq cut the price of its banner crude for U.S. customers sharply, a bold deviation from what Saudi Arabia chose to do with its own barrels just a few days ago.

Tropical storm Nicholas strengthened into a hurricane late on Monday, and is set to batter the Gulf Coast of Texas and Louisiana with rising seawater and rains that could cause widespread and life-threatening flooding.