TRT Market Reports

The Food and Agriculture Organization of the United Nations in Liberia in July have completed the handover of sixty-six pieces of farm machineries to twenty-one women farmers’ cooperatives engaged in rice and vegetable production in four counties: Bong, Foya, Gbarpulo and Lofa.

Buvuma district security committee has stopped rice growing near the newly planted oil palm gardens to avoid the risk of their growth. The district security committee reached the decision after the rice growers in Kasansa village in Busamuzi sub county failed to control the fire they set to burn rice husks, spreading to the palm gardens belonging to Buvuma Oil Palm Uganda Limited-BOPUL burning close to two acres.

The government has with immediate effect banned the growing of rice and other crops in wetlands across the country. In a resolution passed by Cabinet chaired by President Yoweri Museveni, and communicated on Tuesday by the Minister of State for Environment Beatrice Anywar, the government says this is done to restore the environment that has been affected by these activities.

Jigawa state Governor Muhammad Badaru Abubakar has predicted that the ongoing rehabilitation and expansion of 6,000.00 Hadejia Valley Irrigation Project undertaken by the federal government and funded by the World Bank will produce over 150,000.00 tons of rice.

The President of Rice Farmers Association in Nigeria, yesterday attributed the high cost of food in the market, especially rice, to an increase in the exchange rate of naira to dollar, saying most of the inputs used for cultivation are imported.

Ethiopia and Japan have signed and exchanged notes on “Grant Aid for Economic and Social Development Program /Provision of Rice,” amounting to 2.7 million USD. Finance State Minister, Yasmin Wohabrebbi and Ito Takako, Ambassador of Japan to Ethiopia have signed the agreement.

When he assumed office on May 29, 2015, Governor Ben Ayade of Cross River State was clear on what he wanted for his state. His dream was to turn the state into a vibrant economic hub that would transform it into an investor’s haven as well as the people’s dream home.

The cost of food items in Nigeria has been recording significant increases in the past one year. A survey carried out by our correspondents in markets across Lagos, Ogun and Federal Capital Territory showed that staple food commodities have witnessed astronomical price hikes.

The completion of the Sh19 billion Thiba dam in Kirinyaga will increase the farmers’ income from the current Sh8 to Sh12 billion as more acreage will come under rice farming.

Nigeria is presently facing its biggest rise in food prices as inflation continues to clamber up all over the world even as the global economy slowly recovers from the coronavirus pandemic with a number of consequences for the nation.

One of Australia's top food brands – SunRice – has fallen victim to counterfeiting perpetrated by a criminal group based in Eastern Europe, which has resulted in knock-offs of its products found in more than a dozen countries worldwide.

Australian rice producer SunRice has announced it has enhanced its microwave pouch range to create rice that is fluffier, softer and tastier than its previous products. The company has invested $4.5 million in upgrading its specialty rice foods facility in Leeton in the Riverina region of Australia to deliver the microwavable products.

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 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.

Planted area of 2021 sorghum crop estimated at above-average level. Imports of cereals in 2021/22 forecast at high levels. Prices of yellow maize and rice declined seasonally in March-May period. Concerns on food security situation amid third COVIC-19 pandemic wave

GUYANA’S rice industry continues to be one of the leading income earners locally, raking in US$123,023,868 (G$25.7 billion) from the export of paddy, rice and rice by-products between January and June 2021. This is according to Minister of Agriculture, Zulfikar Mustapha, who said that during the aforementioned period, some 280,878 tonnes of paddy were produced.

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.

Bangladesh rice production in marketing year (MY) 2021/22 is forecast to increase to 36.2 million metric tons (MMT) of milled rice production. Favorable weather and moderate precipitation during the planting and growing stages of Aus rice will drive higher yields. Rice and wheat import forecasts for MY 2021/22 are unchanged.

On July 21, 2021, the Philippines became the first country in the world to approve Golden Rice for commercial propagation, which aims to reduce malnutrition. In so doing, the Philippines has again demonstrated its commitment to embracing scientific innovation as a tool to advance Sustainable Development Goal number 2.

Export prices of all grades of rice decreased one percent due to a further weakening of the Thai baht against the U.S. dollar.

Grain production in Australia is set for a second consecutive big year of production after two years of drought. For the winter crops, wheat area is forecast to slightly increase in MY 2021/22 and barley area is expected to decrease a little. In the April to June planting and early growth period for wheat and barley, rainfall has overall been very good across the growing regions. The rainfall forecasts for July to September for all winter crop growing regions is very favorable with expectations for above average rainfall. If realized, this will set the crops up for well above average yields. For the summer crops, sorghum production in MY 2021/22 is forecast to rise slightly while rice is forecast for a large boost in production.

Wheat production in marketing year (MY) 2021/22 is projected at a record 20.8 million tons, 300,000 tons higher than USDA Official. As a result, wheat exports are also forecast to be the highest in history at 14.0 million tons (including wheat flour). Barley production in MY 2021/22 is forecast at 4.8 million tons, in line with USDA Official, however, exports are forecast at 3.2 million tons, 300,000 tons lower than USDA Official on higher projected domestic consumption. Corn production in MY 2021/22 is also forecast at a record of 51.5 million tons, slightly higher than USDA Official because of marginally larger acreage. Exports are forecast at 37.4 million tons, 1.4 million tons higher than USDA Official on higher production and beginning stocks. Sorghum production in MY 2021/22 is projected at 4.5 million tons, 350,000 tons higher than USDA Official and nearly the highest in a decade in response to strong Chinese demand. Rice production in MY 2021/22 is forecast at 845,000 tons milled basis, slightly.

MY2021/22 EU total grain production is now anticipated at 293.3 MMT. Abundant rainfall in April and May, while bad for timely spring planting operations, improved soil moisture across the EU and alleviated drought concerns. However, mild temperatures have delayed growth across the EU, putting pressure on the new crop.

The 2021 monsoon kicked off with some force in June, reaching four-fifths of the Indian subcontinent. Monsoon winds stalled on June 19 in the northern Indian plains, slowing the kharif crops' plantings. As forecasts predicted, the monsoon resumed in the second week of July.

South Africa should remain a net exporter of corn in the 2021/22 marketing year (MY) on excess supplies. In the 2020/21 MY, South Africa will be able to increase corn exports by 40 percent to 3.5 million tons, after the production of a second consecutive bumper crop.

Export prices of all grades of rice decreased 2-3 percent due to a further weakening of the Thai baht against the U.S. dollar caused by increasing concerns of the current COVID-19 situation in Thailand.

Russia wheat production for the 2021/22 crop year is estimated at 85.0 million metric tons (mmt), down 1 percent from last month and down slightly from last year’s record, but up 9 percent from the 5-year average

Significant fire weather conditions are expected in Southern California this week. The National Meteorological Service said that from Sunday, August 1st to Thursday, August 5th, unseasonably dry fuel is expected to be hot, dry and windy across valleys, mountains and deserts. rice field.

A state-wide Flex Alert issued by the California Independent System Operator to encourage residents to voluntarily save electricity from 4 pm to 9 pm Wednesday as temperatures rise in parts of California. rice field.

Arkansas rice farmers watching fall armyworms obliterate their fields can now fight back, with the federal Environmental Protection Agency on Wednesday granting a crisis exemption enabling growers to use a needed insecticide.

President Joe Biden’s latest leap into the Senate’s up-and-down efforts to clinch a bipartisan $1 trillion infrastructure deal comes with even more at stake than his coveted plans for boosting road, rail and other public works projects.

A rise in COVID-19 cases is prompting the University of Arkansas System Division of Agriculture to cancel in-person field days, with some morphing into online formats.

Dr. Justin Chlapecka has been named Rice Extension Specialist and Assistant Research Professor with the University of Missouri, effective August 1.

A rise in covid-19 cases is prompting the University of Arkansas System Division of Agriculture to cancel in-person field days, with some moving to online formats. The Division of Agriculture had four in-person field days on the calendar, all planned when vaccinations were offered and covid case numbers were low.

Although Indiana farmer Kip Tom left his post in January as the U.S. Ambassador to the United Nations Agencies for Food and Agriculture, he is keeping tabs this week as the U.N. holds events while global agricultural leaders gather in Rome.

The “Dome of Doom” lives on. This the high pressure system is centered in the Corn Belt and has been for well over a week.  The forecast today has surged back to warmer and drier in the 14-day forecast, and it’s quite obvious the Dome has not subsided at all.

In California, one of the worst droughts on record has touched off a kaleidoscopic range of emergencies, amplifying age-old resource conflicts as leaders call for conservation by cities, curtailments to farmers and coordination across the board.

Basmati rice isn't just one of the most popular varieties of rice across the world — it's also the longest grain rice in existence. And its unique qualities don't stop there: basmati rice is also known for its light and airy texture, floral aroma, and nutty flavor. According to Institute of Culinary Education chef Palak Patel, authentic basmati rice also has a distinctive sheen to it and is tapered towards the end.

A shipowner tries to fix freight rates in such a way as to recover capital costs, depreciation, operating costs, agency commission, administrative expenses and other overheads, and get a reasonable return on investment. But with coronavirus taking a toll on the global economy and seaborne trade in early 2020, the container shipping sector was badly hit.

With the COVID-19 pandemic finally starting to ebb, speakers at this year’s International Grains Council (IGC) Conference, held virtually June 8-9 as a precautionary measure, said the global grains and oilseeds supply chain has handled COVID-19 well, despite wrestling with labor supply problems, closed borders, high shipping costs and wild swings in demand.

Back-to-back droughts followed by plagues of locusts have pushed over a million people in southern Madagascar to the brink of starvation in recent months. In the worst famine in half a century, villagers have sold their possessions and are eating the locusts, raw cactus fruits, and wild leaves to survive.

Drought can have a lasting impact on the community of microbes that live in and around roots of rice plants, a team led by UC Davis researchers has found. Root-associated microbes help plants take up nutrients from the soil, so the finding could help in understanding how rice responds to dry spells and how it can be made more resilient to drought. The work is published July 22 in Nature Plants.

Researchers are learning how to manage rice fields when paraquat drifts onto them early and late in the season, but what impact this herbicide has on grain quality and what happens when drift occurs midseason are still unknowns.

Rice is the world's most commonly grown and consumed crop. It also supports lives and livelihoods, especially in low- and middle-income regions. As such, methods for securing abundant and profitable rice harvests are key in global food security.

Prominent Ba farmer Kishore Chand who recently harvested over one tonne of paddy from his farm has urged other rice growers in the country to take advantage of the Ministry of Agriculture (MOA) initiatives.

A startup born in the lab of University of California, Berkeley, is aiming to replace synthetic fertilizers that contribute to greenhouse gases and so-called 'dead zones' in the ocean. Pivot Bio's products use microbes to create and feed nitrogen to corn and wheat crops.

In a first, scientists in Japan have developed a new vaccine ‘drink’ to protect against cholera, by grinding up genetically modified (GM) grains of rice. The first human trial has shown good immune response, according to a report in The Lancet.

Amid all the hype hydrogen is getting lately as an energy source, the reality is that this fuel faces significant challenges in scaling up in the global energy system.  That’s the lead conclusion of the Innovation Insights Briefing prepared by the London-based World Energy Council (WEC) in collaboration with the Electric Power Research Institute (EPRI) and PwC. 

A year ago, the idea of a carbon border tax was more of a hypothetical than an actual plan. But a year ago, the EU had not yet tightened its already tight emission reduction targets that forced a number of businesses in highly polluting industries to invest in emission-cutting.

To say that the six countries that make up the Gulf Cooperative Council (GCC) live and breathe hydrocarbons is hardly an exaggeration. About 60 years ago, the average city in Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Qatar, Bahrain, and Oman was home to maybe a few thousand people; fast forward to the present and many cities have transformed into world-class metropolises thanks to the region's vast oil and gas riches.

Worry about oil demand sparked by the resurgence of Covid-19 in some parts of the world and a fund selloff in oil futures has reversed the recent price rally. OPEC+ reaching a deal about future production lent an assist.

Earlier this year, the Biden administration said it planned to build offshore wind power generation capacity to the tune of 30 GW by 2030, creating more than 44,000 direct jobs and close to 33,000 indirect ones. To date, the United States has wind power capacity of 118 GW. Of this, only 42 MW is offshore wind. And According to IHS Markit, the 30 GW additional capacity target will almost certainly be missed.

Earnings season is here with us once again, with a quarter of S&P 500 companies having reported second-quarter 2021 earnings. According to FactSet data, 88% of S&P 500 companies have reported a positive EPS surprise, while 86% have reported a positive revenue surprise.

Norway doesn’t have any second thoughts about oil exploration and investment in light of the International Energy Agency’s (IEA) report suggesting that no new fossil fuel exploration would be needed for a net-zero world.

As the world gets warmer, regions around the world are experiencing sweltering heat waves and setting records for high temperatures almost every passing year.

Oil prices steadied on Monday after a choppy session as the spread of the COVID-19 Delta variant stoked fears about fuel demand, but losses were limited by forecasts that crude supply will be tight the rest of the year.

Saudi Arabia has suspended the privatisation of the Ras Al Khair desalination and power plant, one of a number of state assets that the government aimed to sell to reduce pressure on capital spending and diversify revenues away from oil.