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30th December , 2013

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TOP Contents - Tailored for YOU Latest News Headlines…
     Rice Bran Oil Better Than Olive Oil in Lipid Profile Management, Says Study Thailand Likely To Export 6.5-6.6 Million Tonnes Of Rice In 2013 Nine millers get showcause notice Rice smuggling costs PH P7B a year’ Why FG Must Review Import Policies On Vehicles, Rice’


Rice Bran Oil Better Than Olive Oil in Lipid Profile Management, Says Study
Dec 27, 2013

Rice bran oil reduces “bad” cholesterol and helps in better management of lipid profile in patients with high cholesterol levels when compared to olive oil or groundnut oil, according to a recent study by Postgraduate Institute of Medical Education and Research (PGIMER), India. Rice bran oil also helps increase “good” cholesterol in our bodies, the study says.“Bad” cholesterols cause more cholesterol to be

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deposited in the blood and could lead to heart problems, high BP and other diseases if not treated. Lipid profile management is crucial for the elderly and diabetics. Health experts often suggest switching to olive oil due to the presence of “polyphenols”. However, the PGIMER study showed that “Oryzanol” present in rice bran oil had better cholesterol lowering properties and several other health benefits. According to researcher Dr. Debasis Hota, rice bran oil increases “good” cholesterol and lowers “bad” cholesterol to the maximum when compared with olive oil or groundnut oil. The PGIMER study concludes, "The percentage decrease in LDL cholesterol, Total Cholesterol and Triglyceride level was maximum and significant in physically refined Rice bran Oil group as compared to groundnut oil and extra virgin olive oil groups. Keeping the above results in view it can be concluded that physically refined Rice Bran oil is more effective for lipid profile management as compared to Olive oil and Groundnut Oil." Researchers also say that while smoke point of olive oil is low which makes it unsuitable for frying, and groundnut oil has an ideal fat composition, it is rice bran oil which has the most ideal fat composition. Previous research shows that rice bran oil also has properties that help in blood sugar management, fight some forms of cancer, that protect liver, and improve skin conditions and digestion.
Tags: Rice bran oil, Cholestrol, Lipid profile, Olive oil, Groundnut oil

Thailand Likely To Export 6.5-6.6 Million Tonnes Of Rice In 2013
BANGKOK, Dec 28 (Bernama) -- The Thai Rice Exporters Association has forecast that Thailand's rice exports this year should reach 6.5-6.6 million tonnes, with shipments of Thai rice to overseas markets in December 2013 alone expected to total 600,000-650,000 tonnes, reports Thai News Agency (TNA).In its press release issued on Saturday, the Thai Rice Exporters Association said that the projected figures were based on the fact that the prices of Thai rice have been declining to now become competitive with those of rival countries on the world market.According to the Thai Rice Exporters Association, major importers of Thai fragrant, or "Hom Mali" rice, including the US, China and Hong Kong, have also steadily purchase the high-quality Thai rice for their domestic consumption, especially during annual festivals.Besides, Thai exports of steamed rice have been on the rise, as Nigeria is reportedly reviewing its rice import tariffs, which is beneficial to Thai rice exporters. The Thai Rice Exporters Association acknowledged, however, that the volume of Thailand's rice exports in the first 11 months of 2013 totalled 5.9 million tonnes, a 5.4 per cent year-on-year fall, while the total value of Thai rice exports during the January-November 2013 period stood at 120.84 billion baht, a 8.8 per cent year-on-year fall, with five major importers of Thai rice including Benin (855,636 tonnes), Iraq (703,869 tonnes), South Africa (373.698 tonnes), the US (347,733 tonnes) and Ivory Coast (271,935 tonnes).he volume of Thai fragrant rice exports in November 2013 alone, however, soared by 32 per cent from a month earlier to stand at 189,452 tonnes, with key importing markets including the US, China, Hong Kong and Ghana.

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Nine millers get showcause notice
TNN Dec 29, 2013, 11.30AM IST

Tags:Odisha State Civil Supplies Corporation Limited.|Gulamal Rice Mill

SAMBALPUR: The district administration has slapped notices on nine rice mill owners for their alleged noncooperation in ongoing paddy procurement process. The administration said due to apathetic attitude of these rice millers, paddy procurement has been disturbed in the district. The administration has asked the millers why action should not be initiated against them. Sources said the administration has selected 34 millers of the district to participate in paddy procurement process going on at eight market yards and 25 purchasing centres. The administration is also purchasing paddy through 32 PACS (primary agriculture cooperative societies) under Odisha State Civil Supplies Corporation Limited.But out of the 34, nine millers have defaulted in lifting paddy from farmers, upsetting the procurement process in some market yards."We found that the nine millers violated the conditions set by the administration for paddy procurement. So we decided to issue showcause notices to them," said sub-collector (Sambalpur) and chairman of the regulated market committee of the district Surendra Panda.The millers are R K Rice Mill and Samaleswari Rice Mill of Remed, Vaisnodevi Rice Mill of Mundoghat, Mohini Rice Mill and Sri Ram Rice Mill of Karnapali, Samaleswari Rice Industry at Bhoitikira, AB Industry at Gulamal and Narayan Rice Mill and Laxmi Foods of Sambalpur.The subcollector said the notices were sent to them by post on Friday and they are asked to respond within a week.

Rice smuggling costs PH P7B a year’
By Gil C. Cabacungan
Philippine Daily Inquirer
4:19 am | Monday, December 30th, 2013

MANILA, Philippines—The Goliath of rice smuggling, “David Tan,” is costing the country at least P7 billion in foregone duties every year, and massive opportunity losses for Filipino farmers whose palay production are being shunned by rice millers who prefer to buy smuggled rice already packed in cavans, or 50-kilo sacks.Tan has emerged as the point man of rice smugglers in the country after the smuggling of the staple was reportedly consolidated under a single operator during the Aquino administration, according to a former customs official.In an interview, Rosendo So, president of Samahang Industriya ng Agrikultura (Sinag), gave an idea of the impact of Tan’s alleged smuggling activities on the government’s revenues and the future of rice farming in the country. According to So, if you looked at the official records of the rice-exporting countries Vietnam and Thailand, the Philippines imported a total of 1.5 million MT, or 30 million cavans, of rice in 2012.But data from the Bureau of Agriculture Statistics showed that only 692,220.74 metric tons, or 13,844,414 bags, came in through official channels during the same period.This means that 16,155,585 bags were either sneaked in or were misdeclared

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as construction materials under the noses of crooked customs officials, said So, a former House party-list member of the Abono group.“This data clearly showed that more than five of every 10 bags of imported rice sold in 2012 were smuggled. Each bag should have been levied 50 percent in duty, or P451.50 each, if this was shipped in through official channels. That’s P7.29 billion in foregone revenues for the government in 2012 alone,” said So in a phone interview.Sinag is composed of 30 groups of rice, corn and vegetable farmers and traders, pork, livestock and poultry producers, aqua-venture groups, and fertilizer and pesticide suppliers from Luzon, the Visayas and Mindanao.According to So, it was no surprise that Tan could afford to distribute at least P2 billion in payoffs to officials of the Bureau of Customs to facilitate his smuggling operations and give P1 billion in advances to dummy corporations just to dominate the National Food Authority’s (NFA) bidding of rice import quota allocations, as revealed in a series of Senate hearings a year ago.But more than the impact on government finances, So said Tan’s smuggling operations had a more pervasive effect on the income of Filipino rice farmers because the 50-percent duty on rice served as the industry’s main defense against imports. Since Tan’s smuggled rice costs only P903 per bag (Vietnam and Thailand lavish sizable s ubsidies on their rice farmers), So said Tan had a “very wide margin” to sell his smuggled rice, considering that local rice sold for an average of P1,500 per bag.“Tan can easily undercut the farmers by selling his hot rice at P50 to P100 off the local price, which is still a big margin for rice traders. This is the reason why some rice millers, instead of buying palay, find it more profitable to buy rice from Tan as they do not have to go through the milling and packaging process. No wonder some rice millers have become mere rice traders, their milling houses converted to warehouses,” So said.Farmers sell palay at P18 to P21 per kilo against the rice price of P28.80 per kg to P33.60 per kg.Last February, a joint Senate committee report recommended a wider investigation into Tan and other rice-smuggling operators in the country.But despite the leads that the Senate provided, the National Bureau of Investigation claimed to have hit a blank wall in its search for Tan.

Why FG Must Review Import Policies On Vehicles, Rice’
Saturday, 28 December 2013 20:18 Written by editor

THE Maritime Workers Union of Nigeria (MWUN) has advised the Federal Government to review its planned new policy on importation of rice, reports the News Agency of Nigeria (NAN). The advice is contained in a letter dated December 27, 2013 and addressed to President Jonathan. The letter, jointly signed by the union’s president general, Mr. Anthony Nted, and general secretary, Mr. Aham Ubani, said the review would reduce smuggling of the commodity. It was reported that the government would stop rice importation in 2015 as part of its self-sufficiency programme. The union said some vessels scheduled to bring rice to Nigerian ports

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during Christmas were diverted to neighbouring ports as a result of the announcement. “The policy on importation of rice has made it difficult for genuine rice importers to bring in their products through our ports. The effect is that revenue accruing to the country is lost to neighbouring countries while some Nigerians who legally work in the seaports are also denied their livelihood,” MWUN said. The workers said that they are excited by the Federal Government’s desire to make the country self -sufficient in rice production but stressed that adequate plan must be put in place to achieve the dream. The union said the announcement has increased smuggling through which inferior products find their way into the markets. They also noted that the decision to impose new tariffs and levies on imported vehicles was hasty, as it will have negative impacts on jobs and national revenue. The workers said 95 per cent of Nigerians who worked in Roll On/Roll Off (RORO) terminal handle importation of vehicles. “There should be local production of vehicles spare parts, steady power supply and necessary infrastructure,” MWUN suggested, noting that these are necessary conditions for imposing prohibitive tariffs. The Seaports Terminal Operators Association of Nigeria (STOAN) added its voice, urging the Federal Government to review the policy on rice imports in the interest of the country’s economy. Spokesman of STOAN, Mr Bolaji Akinola, said Nigeria was losing N1billion daily to the policy on rice importation and the attendant high level smuggling. “Before January, 2013, rice importers paid 60 per cent duty but when duty was increased to 110 per cent, i mporters shunned Nigerian ports for neighbouring countries,” Akinola said.

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