TRT Market Reports

Stakeholders have faulted the launch of the Central Bank of Nigeria (CBN) and Rice Farmers Association of Nigeria (RIFAN) rice pyramid unveiled by President Muhammadu Buhari on Tuesday, describing it as another political jamboree ahead of the 2023 election.

Stakeholders have faulted the launch of the Central Bank of Nigeria (CBN) and Rice Farmers Association of Nigeria (RIFAN) rice pyramid unveiled by President Muhammadu Buhari on Tuesday, describing it as another political jamboree ahead of the 2023 election.

Nigeria Customs Service (NCS) on Wednesday said the federal government has placed full ban on importation of foreign parboiled rice through the seaports.

The agriculture policy of the Central Bank of Nigeria (CBN) is, undoubtedly, revolutionising the sector in a manner that has restored the sector to its pristine glory of making vital contribution to the expansion of the nation’s economy.

A partnership between the Guyana Sugar Corporation (GuySuCo) and the Guyana Rice Development Board (GRDB) has created an avenue for an increase in the exportation of rice and rice products, as the southern bond of the Demerara Sugar Terminal, Ruimveldt, will soon be available for this purpose.

Dr Archibald Yao Letsa, Volta Regional Minister, has cut the sod for the commencement of work on a high standard Rice Mill factory in the region.

Nigeria’s President Muhammadu Buhari has unveiled what one of his media aides has dubbed the “world’s largest rice pyramids” – made with one million bags of rice – in the capital, Abuja.

By poaching veterans from rice trading giant Phoenix Global, which was liquidated in 2020, and taking over its contractual positions, the firm's competitors Swiss Singapore, Olam and Ameropa are now ready, thanks to their vastly expanded African network, to face the current surge in food prices.

Nigeria’s central bank governor has hinted that Nigeria’s wheat production is expected to rise as 100,000 hectares of wheat was planted in the 2021 dry season.

Most times you look at Nigeria, you seem to lose hope of getting things right.

The signing of the UK’s Free Trade Agreement (FTA) has boosted Australia’s rice exports. The company said this would bring historic market access to Australia’s rice exports.

Cases of the new virus in Australia surged to record levels on Tue, increasing the burden on hospitals and testing centers across the country.  In New South Wales, Australia’s most populous state, 23,131 new cases have been reported. record 22,577 cases on New Year’s Day. There are 1,344 people in the hospital, an increase of 140 the day before, 78 more than the record set in late Sep. New cases were detected from 83,376 tests with a positive rate of 28%.

As we wind down the year and look into 2022, the Australian economy is poised to become the world’s 13th largest next year, according to the International Monetary Fund (IMF). 

Australian exporters are taking advantage of growing demand and improved access for agricultural commodities in Latin America.   

Rice farmers of Lagalaga and Nubu farming cooperatives in Macuata have been reassured that their existing rice harvesters will be replaced with a new one.

South-east Asian powerhouse Vietnam announced last week it had revised its most-favored-nation (MFN) tariff rates for corn and wheat imported from origins not already subject to free trade agreements. The tax on corn will fall from 5% to 2%, and the wheat tax will drop from 3% to zer

Minister for Agriculture, Dr Mahendra Reddy is calling on all sugarcane and vegetable farmers nationwide to help reduce the country’s rice import bill by allocating at least one acre of their land to plant rice.

Prices of Australian Standard White wheat have plunged on the back of wet weather during peak harvest period in Australia, raising quality concerns and widening grade spreads to record highs. 

The desire for face-to-face business was recently demonstrated by the return of the 44th EIMA Show in Italy - the first major event of its type since the onset of Covid.

Heavy rains across eastern Australia’s cropping zones over the past week have interrupted harvest and caused lodging and potential crop downgrade issues in the hardest hit areas. 

Despite difficult growing conditions in some parts of the world, the International Grains Council (IGC) is forecasting total grains (wheat and coarse grains) production in the 2021-22 marketing year to reach an all-time high at 2.286 billion tonnes, up 71 million tonnes from last year.

A leading ingredients supplier has warned that the market is set to experience a significant increase in the price of sushi rice.

The UK is set to experience a significant increase in the price of suchi rice, according to ingredients firm Eurostar Commodities.

Several government agencies are discussing a plan to enhance ties with Europe in several fields and would unveil it soon, a Ministry of Foreign Affairs (MOFA) official said yesterday.  Department of European Affairs Director-General Remus Chen (陳立國) did not name any of the agencies other than the MOFA.

Much like the coronavirus pandemic, and the economic disruption that it has caused, a global shipping crisis looks set to go on delaying goods traffic and fueling inflation well into 2023. 

Pakistan’s exports to European Union (EU) have increased by 65% during the Covid-19 pandemic. 

This year, food is set to become Italy’s main wealth with a total value of 575 billion euros for the supply chain.

The government recently moved all destinations on the red list to the green ‘rest of world’ list. The red list will remain in place, for Covid variants of concern.

Valencia, Spain, has given paella protected cultural status. Valencia tourism official Miguel Perez explains why.

The implementation of the EU-Vietnam Free Trade Agreement (EVFTA) from Aug last year has created a new impetus for Vietnam-EU relations.

Argentine farmers are expected to harvest 48 million tonnes of corn in the 2021/22 season, the Rosario grains exchange said in a report on Wednesday, a smaller number than the 56 million tonnes previously estimated, because of a drought and high temperatures in key farm areas in the last month.

Samagi Jana Balawegaya Parliamentarian Mujibur Rahman alleges that the India is in the process of making Sri Lanka an economic hub for the South Asian Power House.

The reduction in the paddy harvest this time had affected paddy mills, says Kandy District Rice Producers’ Cooperative Society.

Guyana’s rice industry has proven its resilience, reaping $40 billion (US$189,232,690) from the export of 412,810 tons of rice for the period Jan to Nov 2021.  This is a significant improvement from the $30 billion (US $144,178,325) earned relative to the corresponding period in 2020. This feat is remarkable, as it occurred despite the COVID-19 pandemic and recent floods.

The Guyana National Bureau of Standards (GNBS) has recorded major success in 2021, as the organization continued to ensure accurate measurements in the trade and elimination of substandard products from the local markets.

Guyana’s rice industry has proven its resilience, reaping $40 billion (US$189,232,690) from the export of 412,810 tons of rice for the period Jan to Nov 2021.

Despite inclement weather and threats of flooding, rice farmers across the country have managed to move ahead with sowing their fields for the first rice crop of the year. National sowing projections for the year stands at an overall target of 227,240 acres, with more than 129,784 acres already sown, representing a percentage of over 57.11%, as at last month. This is according to figures provided by Agriculture Minister Zulfikar Mustapha.

As over $1 billion owed by the Panamanian government to the Guyana Rice Development Board (GRDB) for rice sold to the country remains in limbo, a proposal is being put forward for consideration by the GRDB to offer a commission to millers.

Despite the COVID-19 pandemic and recent floods, Guyana’s rice industry remained resilient and raked in close to $40 billion (US$189,232,690) from the export of 412,810 tonnes of rice for the period January to November 2021.

Fedearroz BioZn035, the first biofortified zinc rice for Colombia, was released in Oct 2021. It is expected to generate strong demand in rural markets given its health benefits.

The second freight train running from Pakistan to Turkey through Iran has departed with the coordination of customs, railways, and forwarders in the three countries following the successful launch of the service last month, Fars News Agency said.  The train of 24 wagons carrying talcum powder, a mineral-based product commonly used in baby powder, cosmetics, personal hygiene, and industrial products, left Pakistan's Azakhel dry port on Thu for Istanbul in Turkey, Press TV wrote.

Dake Rechsand, a Dubai-based company offering sustainable solutions in water conservation and desert farming, has unveiled a successful implementation of its solution that illustrates an integrated use of its ‘Breathable Sand and IDer’ honeycomb water harvesting technologies.

The middle east region is a leading consumer of basmati rice which it imports from India and Pakistan.

The first freight train to run from Pakistan to Turkey through Iran has departed after a 10-year hiatus in a major boost to the trading credentials of the three founders of the Economic Cooperation Organization (ECO).

The Chargé d'Affairs of the Syrian Embassy in Jakarta, Minister Plenipotentiary Abdel Moneim Annan, discussed with an Indonesian official, via video call, ways to enhance investment and trade exchange between the two countries.

Rice Exporters Association of Pakistan (Reap) Tue urged the federal government to take immediate measures to ensure the timely availability of the containers for export purposes.

Chinese Foreign Ministry Spokesperson, Wang Wenbin said on Wed that Pakistan-China bilateral trade and Pakistan’s exports to China were both running at record levels for the year to date.

Pakistan and Russia have decided to sign the draft shareholders agreement for the $2.5 billion Pakistan Stream Gas Pipeline Project (PSGP). 

“During the same eight-month period, around 139,983 tons of goods valued at $98.46 million were imported through Astara,” Karim Rasouli was also quoted as saying by IRNA. 

Iran imported 20.322 MT of basic goods worth $12.436 billion in the first eight months of the current Iranian calendar year (Mar 21-Nov 21), 62% more than the figure for last year’s same period, Mehr News Agency reported. 

The year 2021 has not been easy for food markets given an abundance of uncertainties, from production to distribution and consumption.

Incorporating a number of changes since the November report, the forecast for world total grains (wheat and coarse grains) production in 2021/22 is lowered by 1m t, to 2,286m, as reductions for maize (mainly in South America), oats, barley and rye more than offset an increase for wheat (led by Australia and Argentina).

Agriculture in the Economy, Agriculture in the News, Climate Change/Global Warming/Food Security, Cotton and Products, Grain and Feed, Oilseeds and Products

This annual report contains crop production data for the past year for grains and oilseeds, sugar crops, cotton, tobacco, and others. Information on area planted and harvested, yield, and production is provided by type of crop, as well as the planted and harvested area, yield, and production of crops in the U.S. cumulatively. An annual crop summary and annual weather summary is also included at the end of the report.

The planting seed sector remains a priority for the People’s Republic of China (PRC). The PRC government released new measures and policies to support and improve the operating environment for the domestic seed industry throughout 2021

Export prices of most grades of rice decreased one percent as the Thai baht weakens

Rough rice stocks in all positions on December 1, 2021, totaled 127 million hundredweight (cwt), down 7 percent from the total on December 1, 2020.

U.S. 2021/22 Rice Crop Estimated at 191.8 Million Hundredweight

Agriculture in the Economy, Grain and Feed, Agricultural Situation, Agriculture in the News, Policy and Program Announcements, SP1 - Expand International Marketing Opportunities, SP2

Monthly report on crop acreage, yield and production in major countries worldwide.

The US Army Corps of Engineers will spend $3.94 billion for commercial navigation improvements at coastal ports and on inland waterways during fiscal year 2022, including a Mississippi River project awaiting funding for more than 14 years.

China nearly doubled its soybean imports from the United States in December compared to the previous month, Reuters reported, citing data from China’s General Administration of Customs.

Fish-rearing projects show that postharvest flooding of fields doesn't just benefit waterfowl.

It's been over two decades since growers stopped burning rice stubble after harvest. Now rice is known as 'The Environmental Crop.'

Sixth-generation rice grower Jeff Gallagher is perpetually surrounded by birds on the Sutter County farm that has been in his family since 1872.

Our annual grower meetings will be held this Thursday in Colusa and Yuba City.  The meetings are an excellent way for rice growers and handlers to get the latest on key issues impacting the industry.

Final cotton figures due in May Higher fertilizer costs may have reduced wheat acres

The Gulf Coast Rice Producers Conference will be held Wednesday, Jan. 19, 2022 at the El Campo Civic Center, 2350 N. Mechanic.

U.S. Army Corps of Engineers researchers are working with the Lac Vieux Desert Band of Lake Superior Chippewa Indians and other Native American tribes to help improve wild rice productivity in Michigan's Upper Peninsula.

The USDA says farmers produced more cotton in 2021 than 2020, while rice production dropped sharply.

Numbers are a fickle mistress.

High pressure processing (HPP) is ‘non-warm’ food conservation and sanitization method, which has been created to stay away from compound and warm safeguarding of food

Wheat and rice farming on the vast Indo-Gangetic plains, affected by excessive salts in the soil, can be cost-effectively improved by treatment with gypsum and organic manure followed by sowing with salt-tolerant crop varieties, a study says.

The APO assists member countries in adopting new and next-generation technologies and practices to enhance productivity and sustainability in agriculture by showcasing proven methods.

An international group of scientists has made a global assessment of rice-cropping systems in search of opportunities to improve rice production.

More rice production can be produced while minimizing the crop’s environmental impact, new research suggests. And that’s important with global population projected to reach 9.8 billion by 2050 and with demand for rice on the rise.

In its latest report titled 'Rice Protein Market: Global Industry Analysis 2013–2017 and Forecast 2018–2027', PMR provides some vital insights on the global rice protein market in terms of volume and value.

Fortified rice with essential nutrients was started on a pilot basis for three years in 2019-20

Rice (Oryza sativa L.) is the main staple food for nearly half the world’s population, accounting for 21% of global calorie intake while using 11% of global cropland.

Canada wants to help Bangladesh in tackling climate change-induced challenges, faced by the country's agriculture sector, and ensuring sustainable food security. 

Euro zone consumer prices jumped at a record high pace in December, the EU’s statistics agency confirmed on Thursday, boosted by a surge in energy prices and supply chain bottlenecks as the economy recovers from pandemic lockdowns.

Rates cuts to support growth

In a recent episode of the podcast "Always Hungry with Bobby Flay and Sophie Flay," the father-daughter duo come together to share their favorite rice recipes with listeners. The pair go through paella, risotto, fried rice, and even touch on dirty rice.

A Fernwood business is turning rice hulls from in the Mississippi Delta into a wood byproduct that company officials say will withstand the elements better than wood itself. 

China's magnesium exports nearly doubled in November from the same month a year earlier as production ramped up alongside the lifting of restrictions on power use by energy-intensive industries, easing fears of shortages in Europe.

Citing current COVID-19 restrictions amid the ongoing pandemic, the 2022 Canadian Crops Convention scheduled for March 8-10 in Ottawa, Ontario, Canada, has been postponed to 2023, organizers said.

Grain and fiber uses of industrial hemp are seen as sources of market growth for the crop in the coming years, according to “The Hemp Industry 2022 Opportunity Report” published by Let’s Talk Hemp Media.

China’s 2021 corn imports almost tripled in volume from the previous year, hitting a new record, customs data showed on Tuesday, as buyers turned to cheaper alternatives overseas amid soaring prices and a domestic supply crunch.

Chicago soybean futures rose for the first time in four sessions on Wednesday, with prices supported by strong demand, although improved weather in South America limited gains.

Egypt’s Suez Canal revenues are expected to hit $7 billion in 2022 versus $6.3 billion in 2021, the chairman of the Suez Canal Authority (SCA) said in an interview with Saudi-owned Asharq television.