You are on page 1of 26

1

June 8 ,2015

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

Unsold Paddy in Market Yards Faces Rain Threat


By Express News Service
Published: 08th June 2015 07:55 AM
Last Updated: 08th June 2015 07:55 AM

BARGARH: Farmers of the district are spending sleepless nights with their unsold paddy bags
lying in the open at procurement centres even as the monsoon is fast approaching.Even as paddy
procurement was started on May 8, it has been moving at a snails pace. Thousands of bags of
paddy have been lying unsold in different market yards.The district had set a target to procure
2,35,626 tonnes of rice from custom milling of paddy. Against 100 kg of paddy, the rice millers
have to supply 68 kg of rice under the custom milling norms. While the State Civil Supplies
Corporation was supposed to procure 2,01,209 tonnes of rice, Markfed was to procure 19,417
tonnes, Nafed 10,000 tonnes and NACOPE 5000 tonnes.

However, official report reveals that 1,54,582 bags of paddy are yet to be sold through 77 market
yards and procurement centres. While 1,22,000 bags have not been procured under Attabira
Regulated Market Committee (RMC), the figure stood at 18,582 bags under Bargarh RMC and
14,000 bags under Padampur RMC in the district. Sources said till June 4, a total of 30,90,848
quintals of paddy had been procured.With the weatherman predicting arrival of monsoon in the
State by second week of this month, farmers are worried that rains may damage their produce
lying in market yards. They have asked the District Supplies Officer to lift paddy from market
yards before onset of monsoon.On Friday, farmers of village Salepali in Bheden block sat on fast

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

unto death outside the office of Collector Anjan Kumar Manik demanding procurement of their
paddy.
The agitation was withdrawn after Additional District Magistrate Pradeep Gardia and Food and
Civil Supplies Officer Ramakanta Ransingh held discussion with the farmers and assured them
of starting paddy procurement from Monday.While 45,000 bags of paddy in the village are yet to
be procured, Radha Mohan Pradhan of the village said he is waiting for his 300 bags of paddy to
be procured.Ransingh said the paddy stock will be sold within a week.

http://www.newindianexpress.com/states/odisha/Unsold-Paddy-in-Market-Yards-Faces-RainThreat/2015/06/08/article2855109.ece

Audit report uncovers fraud on rice import duty by firms


By Emeka Anuforo, Abuja on June 8, 2015

A crowded marketA National Assembly(NASS)


committee saddled with the task of investigating the
alleged evasion of payment of import duty on
imported rice by some companies and other
investors has turned in its reports.The committee,
uncovered massive fraud and the evasion of
payment on rice import duty by firms. The report,
which is said to have been forwarded to President
Muhammadu Buhari, detailed how the majority of
importers of rice allegedly imported in excess of the quota allocated to them in 2014 and thus
flooded the markets with polished rice that was capable of pulling down local industries.
The report entitled Report of the Ad-Hoc Committee on Rice Import Quota and Duty Payments
recalled how the Federal Government originally introduced the new rice policy to encourage
investments in local production by the 2016.The House noted that under the policy, investors that
had milling capacity with verified domestic rice production, plans (DRPD) enjoyed an import
duty of 10% and 20% levy, while pure rice traders pay an import duty of 10% and 60%. To
3

ensure full and proper implementation of the policy and enforce compliance, an Inter-Ministerial
Committee of government issued guidelines and approved quotas for investors.

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

It noted that the new rice policy did not in any way encourage the importation of brown rice,
because the process of getting it to the finished stage was costly, to the extent that before that
stage, the importer of brown rice would have lost 10-12% and could therefore not compete with
those companies importing finished products.The report obtained by The Guardian at the
weekend, stressed that contrary to the provisions of the Customs Act, imported goods left the
ports without the payment of duties and levies. Ideally, no import left the ports without the
payment of duties and levies.It therefore called on the Federal Government to review the New
Rice Policy, noting how the policy in its present form places emphasis on the importation of
polished rice than growing rice locally.
This, the report noted, has negative effects on the local industry.The committee directed the
Nigeria Customs Service to recover outstanding monies and seal up the warehouses and other
businesses of defaulting firms until the last kobo is paid to the government in line with the
Customs Act. It urged the Economic and Financial Crimes Commission (EFCC) to assist in
prompt recovery of all outstanding monies owed the Federal Government by these
companies.The Report signed by Chairman/Deputy House Leader, Leo Ogor and Clerk of the
Committee, Mrs. Funso Babalola, called for the immediate cancellation of the entire quota
allocation system and the suspension of the new 2015 quota allocation issued in the winding
down days of the last administration.
It added: The Nigeria Custom Service should henceforth implement the pure rice traders policy
alone. Tara Agro Industries and Ebony Agro Industries are sister companies run by the same
management. Their liabilities should be consolidated in line with their quota allocations.A lot of
companies could not be investigated due to time lapse. The 8th Assembly should make further
investigation on these companies with a view to recovering every kobo owed the Federal
Government.Henceforth the Nigerian Customs Service should insist only on verifiable bank
guarantees from reputable banks and stop forthwith acceptance of any corporate guarantee from
companies.Immediate past Minister of Agriculture, Dr. Akinwumi Adesina had early this year
alerted the nation that some companies given quota to import rice had exceeded their quota and
4

owed the government money and had not paid. He had computed the amount owed the country at
that time as thirty six billion NairaAdesina clarified that the allocation was meant to protect both
investors and rice paddy millers. Adesina urged Customs to enforce the tariff system, noting that

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

companies that imported in excess of their allocation should be made to pay any excess on their
allocated quota.
The report noted: A thorough perusal of memoranda and other documents submitted to the
Committee as well as presentations made at the Public Hearing on the alleged abuses, fraud and
evasion of import duty by some companies and other investors reveal that the policy was not
adhered to. Many rice importers took advantage of the policy and dumped so much rice in the
Nigerian market. This excess has a direct effect on the local rice production.It has become
almost impossible for the local rice millers to sell their products. There is the urgent need to
review the rice quota or its outright ban due to its negative effect on local rice production, job
loss, loss of foreign exchange and the abuse of the policy by unscrupulous importers due to the
low levy that has been reduced from 100% to 20%.
Qualifications for allocation were not subjected to the spot verifications of claims, particularly
demonstration of verifiable production/supplies of local paddy refined.The committee also
noted that the Inter-Ministerial Committee, the Ministry of Agriculture, Ministry of Finance, as
well as the Ministry of Industry, Trade and Investment did not synergize with regard to
information on the quota allocation and its implementation.
http://www.ngrguardiannews.com/2015/06/audit-report-uncovers-fraud-on-rice-import-duty-by-firms/

Newsbrief
June 08, 2015

Swedish

investors

invited

to

invest

in

energy

sector:

Minister

ISLAMABAD (NNI): Information Minister Pervaiz Rashid has invited Swedish investors and
businessmen to invest in Pakistans energy and infrastructure projects. He was addressing a
ceremony at the residence of Swedish Ambassador in Islamabad on National Day celebrations of
Sweden. Pervaiz Rashid said both the countries have cooperated and extended support to each
other at various international fora on issues of mutual interest. He said we look forward to
continue this cooperation in future as well. Meanwhile, Minister for Information and
Broadcasting has rejected the rumours of abolishing subsidy on wheat for Gilgit-Baltistan. In a

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

statement on Sunday, he said these rumours are totally baseless.The Minister said these rumours
are being spread to get votes in GB elections.He said Rs6.5 billion have been fixed as subsidy on
wheat for Gilgit Baltistan in the budget.
Intl companies keen to set up oil refinery in KP
ISLAMABAD (Online): A number of international companies have expressed their willingness
to set up oil refinery in Southern districts of Khyber Pakhtunkhwa. According to the official
sources, the government is also planning to utilise the available deposits of gas for power
generation. The electricity generated through gas will be given to the industries on low rates to
boost industrialisation. Meanwhile, the Khyber Pakhtunkhwa government has already decided to
establish an autonomous body to executive oil and gas projects. The autonomous body will
achieve oil and gas exploration targets under 2034 plan.
Govt asked to bail out crumbling rice sector
ISLAMABAD (INP): President Pakistan Businessmen and Intellectuals Forum (PBIF) and
former provincial minister Mian Zahid Hussain on Sunday said government needs to bail out
sinking rice sector otherwise country may lose export market to neighbouring country. Pakistan
exports over $2 billion of rice, the second largest exports after textiles, but it is losing export
markets since last two years landing over one thousand rice mills into serious problems, he said.
This he said while talking to President Pakistan Rice Mills Association Mukhtar Ahmed Khan
Baloch.
He said that Pakistan is fourth largest exporter of rice and millions of jobs are linked to that
critical sector which merits full attention of the policy makers.At the occasion, Mukhtar Ahmed
Khan Baloch said that situation is turning against Pakistan and in favour of India which has
introduced its own brand lacking aroma but increased in length. Indian rice is cheaper due to

hidden subsidies which has resulting in lost Iranian and Middle Eastern markets, he
informed. He said that some 3000 rice mills are facing problems while those 1000 are on the
brink that have failed to sell rice in last two years. He said that mills facing closure are located in
Jhang, Chiniot and Layyah while 3.5 lakh bags are lying in only one district since two years.
These mills are unable to pay loans resulting in increased interest.

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

Baloch said that price of super colonel banaspati was Rs 3600 per bag in 2013-14 while dropped
to Rs 1300 in 2014-15 and it is projected to touch Rs 700 per bag soon. Many farmers have
refused to sow rice in the next season due to the crisis which has put future of industry and
agriculture at stake, he added. At the occasion, Mian Zahid Hussain lauded the steps taken for
rice sector in the budget but termed them insufficient. He said that government agencies should
buy rice from millers to export them, their mark-up should be waived and it should be declared
sick industry otherwise this important sector would crumble.
FPCCI team to leave for China to attend business conference
karachi (Online): FPCCI President Mian Adrees, Vice President Fehmida Jamali, other senior
officials of FPCCI and exhibitors will leave for China in coming week to attend the 10th China
SA Business Conference, a press statement said here on Sunday. The 10th China - South Asia
Business Forum, jointly sponsored by China Council for the Promotion of International Trade,
SCCI and Peoples Govt of Yunnan Province, will be held during Jun 10-13, 2015 in Kunming
,China. Fehmida Jamali shared the details that this year the Forum will focus on the theme of
Promote the construction of Silk Road Economic Belt; accelerate the pace of business
cooperation and the topics include tourism and service, new energy industry, as well as
cooperation among women entrepreneurs.
However FPCCI has completed preparation for Pakistans participation to attend the said event
including Kunming fair and its first time allocation of stalls through open balloting to the
exhibitors; she added. As China-South Asia Business Forum (the Forum) is the first forum
mechanism established for regional economic cooperation between Chinese and SAARC
industrial and commercial circles in the context of ever-increasing mutual trust in politic affairs
and continuous economic cooperation between China and South Asian countries.
Cement export registers 26.13pc fall
Lahore (Staff Reporter): Cement exports have registered a sharp fall of 26.13 percent to 0.56

million tons in May as Iranian cheap cement is eating Pakistans market share in Afghanistan.
APCMA data showed that exports dropped 10.82 percent to 6.64 million tons in July-May period
of the outgoing 2014/15 fiscal year. Cement makers exported 7.44 million tons in July-May
2013/14. Industry expressed concern over the continuous decline in exports to Afghanistan.
Pakistan exported 0.75 million tons of cement in the same month a year ago.

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

Iranian cement is fast making inroads into our neighbouring country, said a spokesperson of
All Pakistan Cement Manufacturers Association (APCMA).APCMA appealed the government to
support local manufacturers in winning back the Afghanistan market by withdrawing duties,
which will enable them to compete with highly subsidised Iranian cement.Exports from South
registered an increase of 4.5 percent in July-May. These exports go through the sea. However,
exports from North decreased 18.30 percent due to Iranian cement factor as exports from the
North usually go to Afghanistan.
http://nation.com.pk/business/08-Jun-2015/newsbrief

DNAnexus Powers Research and Analysis of Rice Genomes


to Help Feed Worlds Population
DNAnexus Inc.
Posted on: 05 Jun 15

DNAnexus Inc. announced today that its groundbreaking cloud-based genome informatics and
data management platform is powering the 3000 Rice Genomes Project (3K RGP). The project is
a partnership between the Chinese Academy of Agricultural Sciences (CAAS) the International
Rice Research Institute (IRRI) and BGI in China and their numerous collaborators globally who
are attempting to solve one critical question: how can we continue to feed the growing human
population?
Rice is a diet staple for half the worlds population. It is estimated that production of this grain
must increase by at least 25% by 2030 to keep pace with population growth. Researchers are
using genomics to identify critical genetic differences between strains of rice for nutrition
climate tolerance and disease resistance differences that can be utilized in the paddy field in
upcoming years to breed rice varieties that can support global demands.The 3K RGP has
analyzed 3000 rice genomes generating more than 100 TB of data that was processed on 37000
CPU cores concurrently.
Using DNAnexus the team completed the mapping and variant calling more than 200 times
faster and without incurring additional costs in purchasing and maintaining compute
infrastructure. 3K RGP investigators are located across the globe in 10 countries and they are
able to access results and collaborate in real time without the costs of shipping these datasets on
physical storage. The result has been hundreds of new genetic markers each a potential pathway
to improving outcomes for rice production. The genes linked to valuable traits can help breed
new rice varieties that have improved yield higher nutritional value or greater tolerance to pests
diseases and drought.
8

According to Robert S. Zeigler Director General of IRRI Humans have been improving rice
over thousands of years. Using this new knowledge of the rice genome public interest research
organizations can further improve rice yields the nutritional content of rice as well as the rice

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

plants resistance to the negative effects of climate change pests and disease.The 3K Rice
Genomes Project is a powerful example of how DNAnexus is being used to accelerate scientific
discovery in a project whose sheer volume and scope is unprecedented in the agricultural
community said Richard Daly CEO of DNAnexus. We are thrilled to support this work on our
platform particularly given the wider social benefits of success.
About DNAnexus
DNAnexus combines expertise in cloud computing and bioinformatics to create a global network
for genomic medicine. DNAnexus provides security scalability and collaboration for enterprises
and organizations that are pursuing genomic-based approaches to health in order to accelerate
medical discovery. DNAnexus is supporting customers around the world that are tackling some
of the most challenging and exciting opportunities in human health. For more information please
visit: https://dnanexus.com and follow us at @DNAnexus.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150605005073/en/
Business Wire
http://www.businesswire.com/
Last updated on: 05/06/2015

http://www.pharmiweb.com/PressReleases/pressrel.asp?ROW_ID=116752#.VX9TSM9Vikp#ixzz3dAnbHvFe

UNISAME TERMS IT A MEDIOCRE BUDGET


COULD HAVE BEEN MUCH BETTER HAD FM
EXAMINED ALL OUR DEMANDS
Jun 7, 2015 | Tha ver

The Union of Small and Medium Enterprises (UNISAME ) thanked the federal
finance minister (FM) Ishaq Dar for accepting the demands of the Union partially
for reducing import duties, relief for rice industry, encouraging alternate energy,
modernization of farms, reduction of tax on low income and enhancing savings limit
on Bahbood savings for senior citizens. The increase in minimum wages and
pensions is also welcomed.The decision to set up Exim bank is also a very positive
step. The support to the constuction/housing sector was also proposed by
us.President UNISAME Zulfikar Thaver whilst appreciating the acceptance of
demands of the sector urged him to reconsider the impositi on of further sales tax on
mobile phones as it will lead to smuggling.

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

10

Secondly the levies on branded dairy products will make them expensive for the
common man. This will discourage branding and quality products
development.Thirdly the union is perturbed to learn of the increase in withholding
tax on profit on deposits as it will discourage savings. UNISAME expected the FM
to announce a package for the MSME sector to facilitate them and support the
promotion and development by concrete measures for the MS MEs.UNISAME had
demanded the strengthening of SMEDA to enable it to reach the micro and small
entrepreneurs and modernize them.Thaver said we are hopeful the FM will look into
the possibilities and consider our genuine demands of setting up an institute,
chamber and an export house for SMES. The sector also deserves an SME specific
bank and the union is confident that the FM would re vitalize the existing SME
Bank.
Unisame

Looking for clearance: TDAP agrees to take up rice export


issue
By Our Correspondent
Published: June 7, 2015

A REAP delegation suggested to TDAP that it should send its proposal to the commerce ministry
asking the TCP to issue a certificate that would allow the export. PHOTO: FILE

KARACHI: Trade
Development
Authority
of
Pakistan (TDAP)
Director General
Lahore
Sher
Afgun Khan has
agreed to take up
the
matter
of
exporting 6,000 tons of rice to Sri Lanka with the Ministry of
Commerce.
10

A Rice Exporters Association of Pakistan (REAP) delegation suggested to TDAP that it


should send its proposal to the commerce ministry, asking the Trading Corporation of Pakistan
(TCP) to issue a certificate that would grant the export, a REAP release said on Saturday.The

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

11

director general agreed with this proposal and assured that he would take up the matter on an
urgent basis, it added. REAP Chairman Rafique Suleman, Senior Vice Chairman Mian Mohsin
Aziz, along with members of managing committee of REAP, met TDAP DG Lahore on Friday
to discuss the disbandment of Quality Review Committee (QRC) of rice.
On disbandment of QRC, the DG Lahore highlighted the procedure and said a golden
handshake will be offered by the TDAP office for the disbandment of QRC.He further added
that all employees will be granted the golden handshake as per agreed formula of one salary
per annum multiplied by years of service and three salaries in addition.It was decided in the
meeting that controller, deputy controller and chief accountant of QRC will remain till the
finalisation of audit by Mushtaq and Company. It was further resolved the three QRC
employees will be granted golden handshake as per procedure.

Published in The Express Tribune, June 7th, 2015.


http://tribune.com.pk/story/899162/looking-for-clearance-tdap-agrees-to-take-up-rice-export-issue/

GOVT ASKED TO BAIL OUT CRUMBLING RICE


SECTOR
Monday, June 08, 2015 - IslamabadPresident Pakistan Businessmen and Intellectuals Forum
(PBIF) and former provincialminister Mian Zahid Hussain on Sunday said the government needs
to bail out sinking rice sector otherwise country may lose export market to neighbouring
country. Pakistan exports over two billion dollars of rice, the second largest exports after textiles,
but it is losing export markets since last two years landing over one thousand rice mills into
serious problems, he said. This he said while talking to President Pakistan Rice
Mills Association Mukhtar Ahmed Khan Baloch. He said that Pakistan is fourth largest exporter
of rice and millions of jobs are linked to that critical sector which merits full attention of the
policy makers.

11

At the occasion, Mukhtar Ahmed Khan Baloch said that situation is turning against Pakistan and
in favour of India which has introduced its own brand lacking aroma but increased in
length. Indian rice is cheaper due to hidden subsidies which has resulting in lost Iranian and
Middle Eastern markets, he informed. He said that some 3000 rice mills are
facing problems while those 1000 are on the brink that have failed to sell rice in last two
years. He said that mills facing closure are located in Jhang, Chiniot and layya while 3.5 lakh
bags are lying in only one districtsince two years.

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

12

These mills are unable to pay loans resulting in increased interest. Baloch said that price of super
colonel banaspati was Rs 3600 per bag in 2013-14 while dropped to Rs 1300 in 2014-15 and it is
projected to touch Rs 700 per bag soon. Many farmers have refused to sow rice in the next
season due to the crisis which has put future of industry and agriculture at stake, he added. At the
occasion, Mian Zahid Hussain lauded the steps taken for rice sector in the budget but termed
them insufficient. Hesaid that government agencies should buy rice from millers to export them,
their mark-up should be waived and it should be declared sick industry otherwise this important
sector would crumble.NNI
http://pakobserver.net/detailnews.asp?id=265880

FPCCI hails budget


June 06, 2015
RIZWAN BHATTI

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has appreciated budget
proposals 2015-16 presented by Finance Minister Ishaq Dar Friday. Talking to Business
Recorder, Mian Idress President FPCCI said most of our proposals have been considered and
accordingly incorporated in the next fiscal year budget. "Although the government has enhanced
sales tax from 3 to 5 percent for five leading exporting sector, we appreciate the initiatives taken
for the economy particularly exports. We believe that the textile package amounting to Rs 64
billion will support the textile industry and exports," he said. President FPCCI said that for the
last one year, business community and exporters were urging for payment of refund claims and
the finance minister in his budget speech has committed to releasing the entire pending refund
amount in August and September this year.
This will provide financial support to exporters, he added. The steps taken for the revival of
economy are also encouraging. Energy crisis persisting in the country for the last five years, has
largely been addressed in the budget and as per FPCCI demand, the government has announced
some relaxations for import of power plants. This will help overcome the ongoing energy crisis,
he said. "Regarding import of power plants, we have suggested to the government not to link
import of power plants with the dollar or price and accordingly, the government has announced
linking its import with megawatt. Definitely, this will support the domestic industry to generate
their own power for a better productivity," he added. For the first time, construction sector has
been recognised in the federal budget.

12

Some 42 industries are associated with this sector and relief for construction sector will create
new job opportunities, besides supporting other industries and providing new housing facilities
in the country, Idress said. President FPCCI said that the government has also considered the
Federation's proposal regarding special package for KP, as its economy is affected by terrorism.
The government announced a special relief package for KP. Replying to a question, he said that
the federal government has not considered any proposal on zero rating of five leading sector,

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

13

however we are hopeful that the government will resolve this issues soon. Rafique Suleman,
Chairman Rice Exporters Association of Pakistan (REAP) and Abdul Rahim Janoo, Senior Vice
President, FPCCI & Chief Patron of REAP welcomed the Federal Budget for the year 2015-16
and appreciated the steps taken by the federal government to grant tax-free status to rice mills for
one year. In addition, reduction in the import duty and sales tax on agricultural machinery is also
a very good step and we are hopeful to see long lasting results next year, they added.
"This will also increase sowing of rice besides boosting the export of rice," they said. Dr
Shahzad Arshad Chairman Pakistan Cotton Fashion Apparel Manufacturers and Exporters
Association criticised the budget measurers saying that budget is not industry friendly and it is
believed that the industry will face new challenges in next fiscal year. "Our major demand was
zero rating of the textile sector and payment of pending refund claims. Both issues have been
addressed but not resolved. The government has raised sales tax from 2 to 5 percent for textile
sector, instead of zero rating demanded by exporters," he said. In addition, for the last one year,
the finance minister is promising release of pending refund amount; however the promise has
still not been fulfilled.
While in the budget, the minister has again committed paying the entire amount in next three
months, ie, August and it is likely to remain a promise, he added. Talking about the tax
measures, he said that no steps have been taken to broaden the tax net and it will ultimately
enhance the tax burden on already overburdened taxpayers. President Pakistan Businessmen and
Intellectual Forum (PBIF) Mian Zahid Hussain said that overall impact of the federal budget is
positive, well thought out and set to take off the national economy but at the same time has no
focus on SME sector, women empowerment and cottage industry.

http://www.brecorder.com/business-a-economy/189/1193563/

REAP team visits PARC


June 06, 2015

RECORDER REPORT

13

A delegation of Rice Exporters Association of Pakistan (REAP) led by Rafique Suleman,


Chairman REAP visited Pakistan Agricultural Research Council (PARC), Islamabad and had
meetings with Senior Officials of PARC, Dr Shahid Masood, Member PSD, PARC, Mian Abdul
Majid, National Co-ordinator (Rice), PARC. This meeting was also attended by Dr Muhammad
Arif, Principal Scientist NIBGE, Faisalabad and Dr Muhammad Aslam, Food Security
Commissioner, Ministry of National Food Security & Research, whereas from REAP, Shahzad
Ali Malik, Ex-Chairman REAP, Chaudhry Samiullah, Ex-Vice Chairman REAP, Muzammil
Chappal, Treasurer REAP and Ali Hussam Asghar, MC Member REAP were also present in the
meeting.

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

14

Rafique Suleman, Chairman REAP apprised them about the prevailing crisis in rice export
particularly in Basmati rice, as this year Pakistani Basmati rice is showing serious decline and it
is the need of hour to take urgent steps for the survival of Pakistani Basmati rice. He referred to
the recent visit of REAP's high profile trade delegation to Philippines, where it was informed by
the Officials of International Rice Research Institute (IRRI) that they have given the seeds of
new variety of rice to Pakistani authorities, which will be helpful to fulfil the demand of
Pakistani rice industry.
REAP Chairman offered to sponsor two Seminars on awareness of Basmati rice at Rice Research
Institute Kala Shah Kaku in Punjab and Rice Research Institute in Dhokri Sindh. All the expense
will be borne by REAP. He also offered at PARC meeting to sponsor two scientist for study at
IRRI Philippines on development of seed by REAP. GSR-8 an Inbred variety approved by WEC,
field trial have passed and per Acre yield is 80 mound having potential 11 ton per hector which is
equal to 110 mound per Acre. Farmers can retain seed for next year as it is inbred variety.
This variety will reduce the production cost due to 40% Fertilizer and 40% Water save during
cultivation. 'Bacterial Plight Super Basmati seed' launched by NIBGE as a new seed which is
acceptable to farmers and exporters. It would help to safeguard the interest of rice trade. The
Chairman REAP Rafique Suleman thanks to Safdar Hayat, the Ambassador of Philippines who
arranged a meeting with scientist of IRRI Philippines where it was informed by the Officials of
International Rice Research Institute (IRRI) that they have given the seeds of new variety of rice
to Pakistani authorities, which will be helpful to fulfil the demand of Pakistani rice industry.
After 18th (eighteenth) amendment Agriculture is Provincial subject while Food Security
remains Federal subject so it is proposed to make Board of Basmati with Public Private
Partnership under the umbrella of PARC.-PR
http://www.brecorder.com/agriculture-a-allied/183/1193592/

Incentives offered: Agriculture, construction and textile


emerge victorious
By Farhan Zaheer
Published: June 6, 2015

Rice Exporters Association of Pakistan (REAP) Chairman Rafique Suleman, in a statement,


welcomed the budget. PHOTO: APP
KARACHI:
The construction and agriculture sectors touted as the two most labour-intensive ones
14

by Finance Minister Ishaq Dar in his budget speech have welcomed the governments
initiatives on Friday.

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

15

The suspension of minimum tax on builders for three years and reduction in customs duty on
import of construction machinery are very good decisions for the construction industry,
Association of Builders and Developers of Pakistan (ABAD) Convener Budget Sub-Committee
Saleem Kassim Patel said.Patel, however, said that the availability of housing finance at 6%
and cheaper steel products by abolishing regulatory duty on the import of steel billets are steps
that the government should take if it wants to see new investments in the sector.
The federal minister, in his speech, also pointed out that the government wants to give
incentives to the construction and agriculture sectors in the hope that it can create new jobs on
a larger scale.The construction sector has demanded that the government recognise it as a
major source of employment. It was like music to the ears for the industry when Dar said that
15

the construction can be an engine of economic growth.The announcement, which attracted


admiration from almost all sectors, was the scheme under which the government will provide
interest-free loans for 30,000 solar tube wells in the next three years.

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

16

Looking at agriculture
Rice Exporters Association of Pakistan (REAP) Chairman Rafique Suleman, in a statement,
welcomed the budget and appreciated the steps taken by the federal government especially to
ensure rice mills remain tax free for a year.The reduction in import duty and sales tax on
agricultural machinery is a significant step and we are hopeful to see the long lasting results in
the next year. This will also result in the increase of sowing as well as rice exports, he added.

Pakistan Fruit and Vegetable Exporters, Importers and Merchant Association (PFVA) Research
and Development Chairman Waheed Ahmed commented that the budget is an encouraging one
for the agriculture sector.However, some had divergent views. Federation of Pakistan
Chambers of Commerce and Industry (FPCCI) Chairman Standing Committee on Horticulture
16

and Agriculture Produce Ahmad Jawad said no concrete measures were taken in the budget for
the transformation of the agriculture, horticulture sector and its exports, except tax incentives

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

17

and addition in agriculture credit.We cannot achieve the GDP target without heavily investing
in the agriculture sector, Jawad added.
Textiles
Budget revelations also showed that the textile sector emerged as a key gainer. or textiles, the
EXIM Bank of Pakistan will start operations in fiscal year 2016 to facilitate exporters, export
refinance rate has been cut to 4.5% from 6%, long-term refinance rate has been cut to 6% from
7.5%, benefit of duty drawback of local taxes and levies scheme will remain available for
fiscal year 2016, stated JS Research on Friday.
Published in The Express Tribune, June 6th, 2015.
http://tribune.com.pk/story/898751/incentives-offered-agriculture-construction-and-textile-emergevictorious/

IPR fact-sheet: State of the economy in 2014-15


June 07, 2015
The Pakistan Economic Survey (PES) for 2014-15 was released on the 4th of June 2015. The
state of the economy as revealed by the PES and other sources is described below.
Mixed performance in achieving targets Out of the 15 targets in the Annual Plan for 2014-15,
four are likely to be achieved. These include the rate of inflation, current account in the balance
of payments, growth of imports and net foreign assistance. The precipitous fall in global oil and
other commodity prices is the primary explanation for achievement of these targets. The eleven
targets which will be missed include the GDP and sectoral growth rates, private and public
investment,
export growth and the level
of foreign
direct
investment.

17

The GDP growth rate is overstated The growth rate of GDP in 2013-14 has been brought
down marginally from 4.1% to 4%, primarily due to a lower growth rate of the large-scale
manufacturing sector. This has been compensated for by a big upward revision in the growth rate
of the important crops sector from 3.7% to 8%. Analysis by IPR reveals that the growth rate of
this sector is 5.9%, not 8%. Consequently, the growth rate of the GDP in 2013-14 is 3.9%, not
4%.
The pattern of growth in 2014-15 appears to be fundamentally different from that observed in
2013-14. The growth rate of the important crops sector has plummeted to 0.3% only and the

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

18

growth rate of the large-scale manufacturing sector has fallen to 2.4%. Despite this, PBS
estimates a higher GDP growth rate in 2014-15 of 4.2% An in-depth analysis by IPR indicates
that the growth rate has been significantly overstated in a number of sectors including important
crops, livestock, forestry, fishing, construction and general government services. This brings
down the GDP growth rate from 4.2% to 3.6%.

Over the last five decades, the economy has grown by less than 4% in a year when the industrial
sector achieves a growth rate of less than 4%, as in 2014-15. The low growth rate of the
important crops sector is attributable to a 1.1% drop in wheat, fall of 5% in maize and 7.1%
decline in sugarcane output. Due to adverse weather conditions, the reduction in wheat output
may be even larger. Fortunately, the big jump in cotton output of 9.5% has compensated for the
fall in other crops. Despite the floods in Punjab, it is reassuring to note that the output of rice has
still shown a growth rate of 3%. However, the exports of basmati rice, in particular, have fallen
by as much 22.5%.

The large-scale manufacturing sector remains sluggish. It has grown on average in the last six
years by less than 1% annually. This year the growth rate is estimated at 2.5%, compared to 4%
last year. The textile sector has shown little growth in the first nine months of 2014-15. Food,
beverages and tobacco industries are showing a decline. The growth rate of the cement and
fertilizer industry is below 3%. The only industries which have shown high rates of growth are
automobiles and iron and steel products. Overall, out of the 98 items covered by the Quantum
Index of Manufacturing (QIM) of PBS, 41 items show a negative growth rate, while 11 items
have a growth of less than 2%.

The services sector has performed well in 2014-15, with a growth rate approaching 5%, as
compared to 4.4% last year. The dynamic sectors have been finance and insurance (6.2%),
general government services (9.4%) and private services (5.9%). However, as highlighted above,
we
believe
that
the
growth
rate
in
some
services
is
overstated.
Private investment continues to fall Private investment has continued to fall to one of its
lowest levels ever of 9.7% of the GDP. Factors contributing to the fall are acts of terror, law and
order situation in Karachi, high levels of power load shedding, shortage of gas and 'crowding out'
of the private sector from bank credit.

18

Private investment in large-scale manufacturing is down to only 1.2% of the GDP. Also, at less
than 0.1% of the GDP, the private sector has virtually stopped investing in the power sector, due
primarily to the high level of receivables with IPPs. Public investment is also overstated. It is
likely to be 3.4% and not 3.9% of the GDP. Consequently, the total investment-to-GDP ratio will
fall from 15% of the GDP in 2013-14 to 14.7%. One of the weakest spots of the economy
continues to be the lack of revival of investment. This is yet another indicator that the economy
has not been able to get out of the 'low growth trap'.

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

19

Labour market conditions have deteriorated The Labour Force Survey (LFS) of 2013-14 has
just been released by PBS. The numbers in the LFS are not consistent with the findings of the
PES. Worrying developments in 2013-14 include a fall in the labor force participation rate,
probably due to a ' discouraged worker' effect, especially among youth. Consequently, the total
labor force in 2013-14 has increased by only 360,000, as compared to an annual average increase
of 1,690,000 in the previous six years. The economy has created only 510,000 new jobs in 201314. This is one third of the job creation rate in the previous six years. Bulk of the jobs have been
created in the informal sector, which is characterised by a large number of working poor.
Inclusion of discouraged workers raises the unemployment rate to 6.4%. The unemployment rate
is very high among youth of almost 11%. Also, real wages of unskilled workers have fallen by
almost 5% in 2013-14. The poor labor market conditions are likely to have persisted in 2014-15.
The rate of inflation has fallen sharply One of the major positive developments in 2014-15 is
the unprecedented fall in the rate of inflation from 7.7% in July 2014 to 2.1% only in April 2015.
It has risen somewhat last month to 3.2%. The fall in the rate of inflation is due primarily to the
fall in international commodity prices, especially of oil, by over 40%. Consequently, domestic
food and fuel prices have registered significant declines, although the Government has limited
the transmission effect by imposition of large regulatory duties on basic food items like wheat
and sugar. The `core` rate of inflation stands currently at 4.9%, therefore, some demand
pressures continue to persist in the economy. The international price of oil has started to rise
once again. Also, prices of food items like livestock products, pulses, onion and tomato have
experienced big increases in 2014-15.
The balance of payments position improved The main factor contributing to the improvement
is the virtual halving of the current account deficit. In fact, it has turned positive in recent months
as imports have fallen due to the containment of the oil import bill, and continued buoyancy in
home remittances. The soft spots are smaller capital and financial account surpluses. However,
net credit inflow from IMF is larger at almost $2 billion. Foreign exchange reserves have risen
by $2.8 billion as of 29th May in 2014-15. However, this increase is due entirely to external
borrowings and privatization receipts. The fall in exports of over 3% is due more to fall in
quantities.
Export prices have actually gone up by 0.5%, according to PES. This indicates more the presence
of supply-side constraints, like the power shortage. import quantities have shown big increases in
items like tea, pulses, synthetic fiber and yarn, iron and paper and paper board. The fall in prices
has constituted a threat to domestic import substituting industry. The big increase in remittances
of over 16% is due primarily to larger inflows from Saudi Arabia and UAE. The latter accounts
for 20% of remittances but for 42% for the increase. This raises the possibility of reverse capital
inflow into Pakistan (for whitening of black money) .
19

The nominal value of the rupee has remained, more or less, stable in recent months. According to
SBP, the real effective exchange rate has appreciated by over 18 per cent. Overvaluation of the
rupee has adversely impacted on competitiveness of exports and artificially raised import
demand. In a tight and competitive environment of world trade, many countries have

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

20

significantly depreciated their currencies, by 6% in the case of India, Turkey by 22%, Indonesia
by 12%, Thailand by 4%, Egypt by 7%, Argentina by 11% and Brazil by 43%. Pakistan may also
have to do so, sooner or later.

Focus of Fiscal Policy is on Stabilization, not on Growth FBR tax revenues have increased by
12.7% only in the first ten months as compared to the budgeted growth rate of 24% in 2014-15.
Even the lowered target of Rs 2691 billion is unlikely to be met. The initially negative impact of
the fall in oil prices has been countered by increases in the GST (for example, from 17% to 32%
in the case of HSD oil) and by imposition of regulatory duties on POL products (like 7% on
furnace oil). urrent expenditure has shown moderate growth at the Federal level of 10% in the
first nine months. Costs of debt servicing have risen by 7%, less than anticipated due to the fall
in interest rates. Despite the costs of Zarb-e-Azb, defence expenditure has gone up by 7.5%,
again below the projected growth rate.
The short fall in revenues has already led to a cut back in PSDP releases. As of 22nd May an
amount of Rs 385 billion has been allocated, equivalent to 73% of the annual targeted PSDP. The
federal fiscal deficit is estimated in the first nine months at Rs 1227 billion, equivalent to 4.5%
as compared to 4.2% of the GDP last year. The annual target is 5.9% of the GDP. Therefore,
there is the likelihood that the deficit will exceed the target. Provincial own tax revenues have
grown by only 6.6%, while expenditures have risen at a much faster rate, current expenditure at
14.6% and development spending by 45.5%. The Provinces appear to be establishing higher
expenditure benchmarks for the 9th NFC Award. It is unlikely that the combined Provincial cash
surplus will reach the targeted level of Rs 289 billion. The federal fiscal deficit is being financed
disproportionately by the scheduled banks in 2014-15. Borrowings from these banks are
financing almost 75% of the deficit. This has enabled the Government to bring down its
borrowings from SBP by over 360 billion as of 22nd of May.
The power sector continues to underperform According to the PES, there is an increase of
only 792MW in electricity generation capacity in the first nine months of 2014-15. The actual
generation has fallen by 2.3%. This explains the continued high levels of power load shedding.
Further, the fall in generation raises serious questions about how the economy can grow at over
4% with less power. The use of thermal power in electricity generation has also fallen by 2.8%,
despite the over 17% increase in the consumption of furnace oil. Fortunately, there has been a
modest increase of 1.3% in the consumption of electricity, despite the fall in generation. This
implies some reduction in transmission and distribution losses. Industrial consumption of
electricity has increased by about 2%. This is consistent with the growth rate of the large-scale
manufacturing sector of just above 2%. Agricultural and government consumption of electricity
have declined. Nepra has reflected the reduction in fuel costs in the form of negative Fuel
Charges Adjustment monthly. This has implied an effective reduction in the price of electricity
of up to Rs 3/kwh. The ad hoc surcharges imposed by the government have been struck down
recently by the Lahore High Court. This will provide more relief to consumers.
20

Social Development Indicators have started falling The unthinkable has happened. The
findings of the latest Pakistan Living Standards and Social Measurement Survey 2013-14 by the

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

21

PBS has revealed, perhaps for the first time, that some of the key social development indicators
have started falling. In 2013-14, the literacy rate fell by two percentage points(from 60% to
58%); full immunization coverage declined by six percentage points (from 82% to 76%); the
percentage of households with improved water source decreased by four percentage points (from
30% to 26%) while the net primary enrolment rate remained unchanged. The 7th NFC Award led
to a big increase in transfers of over Rs 200 billion annually to the Provincial Governments.
The fall in the indicators highlights both that not enough priority has been given to the provision
of basic social services to the people and that there has virtually been a breakdown of governance
in the delivery of services. Overall, the year 2014-15 has been a mixed year. On the positive side,
the rate of inflation has fallen sharply; the balance of payments position has improved, with a
significant increase in foreign exchange reserves. The fiscal deficit will be contained to an
acceptable level and some of the services sectors have performed well. On the negative side, the
important crops and large-scale manufacturing sectors have shown low growth and have
contributed to keeping Pakistan in the `low growth trap`.
Labor market conditions have deteriorated and tax revenues have shown only moderate growth,
despite a heavy dose of taxation proposals. The PSDP has been cut back. The power sector
continues to underperform and, perhaps for the first time, social development indicators have
started falling. We hope that these soft spots will be largely removed in 2015-16.

Exemption for rice mills: BGA asks government to extend


facility to all stakeholders
June 06, 2015
ZAHID BAIG
Basmati Growers Association (BGA) Chairman and Farmers Associates Pakistan Director
Chaudhry Hamid Malhi has said that the exemption proposed for rice mills should be applied to
all rice stakeholders. "Growers, traders, millers and exporters have suffered because of the low
rice demand in the international market, so all should be facilitated equally," he said while
speaking to Business Recorder on Friday. "Cotton growers and ginners also suffered in the recent
past owing to low rice prices, therefore, such an exemption should also be given to them. The
government should have announced a subsidy for wheat growers since the procurement agencies
could not meet their purchasing targets this year because of the presence of wheat stocks of the
previous year.

21

If these stocks are cleared by export only then the procurement agencies would be able to buy
fresh stocks in coming seasons, which will ultimately facilitate the wheat growers," he observed.
On the proposed reduction in sales tax on agricultural machinery and equipment to promote farm
mechanisation in the country, he said that if the government was sincere then it should
completely withdraw sales tax on import of and local supply of agricultural machinery and
equipment. There should be zero percent duties on import of agricultural equipment, as
agriculture was considered an engine of growth, he added. Malhi welcomed the decision to

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

22

provide interest-free loans for setting up new solar tube wells or replacing the existing tube wells
with solar tube wells. Agri Forum Pakistan Chairman Muhammad Ibrahim Mughal criticised 3.9
percent growth rate target fixed for agricultural sector. He said it was less than the growth rate of
the country's population, which was about 4 percent per annum.

http://agriculture.einnews.com/article/269358041/gZdJKWuUw_GhJC_q

Diet diary: Is your daily plate of rice putting you


at major health risk?

In a consumer report in the US, analysis of US federal health data found that people who ate rice
had arsenic levels that were 44 per cent greater than those who did not.Rice, a staple for many
across the world, has been considered one of the safest and easily digestible nutritious
foods.
Written by Ishi Khosla | Updated: June 6, 2015 11:09 am
22

Rice, a staple for many across the world, has been considered one of the safest and easily
digestible nutritious foods. It is also an important alternate grain for those who are gluten or
wheat intolerant and those suffering from celiac disease. However, some recent reports on its
toxicity, specifically related to arsenic have been a cause for concern.

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

23

In a consumer report in the US, analysis of US federal health data found that people who ate rice
had arsenic levels that were 44 per cent greater than those who did not. Certain ethnic groups like
Asians and Mexicans were more affected.A study by the European Food Safety Authority found
cereal products could account for more than half of dietary exposure to inorganic arsenic, mainly
because of rice. Rice absorbs arsenic from soil or water much more effectively than most plants.
Thats in part because it is one of the only major crops grown in water-flooded conditions, which
allows arsenic to be more easily taken up by its roots and stored in the grains.
Arsenic is found in water, air, food and soil in organic and inorganic form. These together are
referred to as total arsenic. The US Food and Drug Administration (USFDA) has found arsenic
content in over 30 samples of Indian basmati rice in its preliminary analysis. USFDA is in the
process of collecting and analysing a total of approximately 1,200 samples of rice from different
countries including India to examine the issue thoroughly. This data collection will be completed
by the end of 2012. Once the data collection is completed, FDA will analyse these results and
determine whether or not to issue further recommendations.Arsenic not only is a potent human
carcinogen but also can cause other health problems in children later life. Long-term exposure to
high levels of arsenic is associated with higher rates of skin, bladder, and lung cancers, as well as
heart disease.

Author is a clinical nutritionist and founder


of http://www.theweightmonitor.com and Whole Foods India.
http://indianexpress.com/article/lifestyle/health/diet-diary-ricearsenic/#sthash.V81Iictb.dpuf

NFA and IRRI partner on improving rice quality


June 08, 2015

LOS BAOS, Laguna, June 8 (PIA) -- The National Food Authority (NFA) on Friday (June 5)
signed a memorandum of understanding (MOU) with the International Rice Research Institute
(IRRI) on improving rice quality in the Philippines.Under the MOU, the NFA and IRRI commit
to promote and accelerate research on rice and rice-based farming systems toward establishing
international-level standards for rice quality. Joint work will also be done toward consistent
application of such standards for the benefit of all players in the Philippine rice industry, from
farmers to consumers."Through this agreement, the NFA hopes to maximize IRRI's research in
achieving our food security mission of providing the countrys rice requirements in terms of
volume and quality.
23

This will also guide us in our decision-making, not only in our operational activities but also in
our policy-formulation, in anticipation of future developments such as infrastructure build-up,"
said NFA Administrator Renan Dalisay.Rice quality encompasses rice farming technologies and

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

24

practices that help ensure sustainable agriculture, improved farmer welfare, grain quality, and
dietary practices that support improved nutrition and health among consumers.
"We are happy to share technologies, some partly developed through work funded by the
Department of Agriculture on grain quality and forecasting, with NFA," said IRRI Deputy
Director General Bruce Tolentino.Tolentino assured Dalisay of IRRI's support to NFA's efforts
to make good quality rice available to consumers, as well as to adapt better to the effects of
climate change, citing damage to rice storage infrastructure when Typhoon Haiyan hit the
Philippines in 2013.NFA and IRRI will collaborate in these specific areas: grain quality
improvement, including assessment of consumer preferences and research to enhance quality;
rice breeding, production, and processing (postharvest)technologies; and the establishment of
quality standards in relation to the Sustainable Rice Platform (SRP), a key mechanism through
which rice quality standards are promoted internationally.
NFA and IRRI will also be sharing scientific data and research results as well as strategic
analysis of developments and trends in international rice trade.The NFA is mandated to ensure
the countrys food security and stability of the supply and price of rice, the countrys major
staple. This collaboration is part of the NFAs efforts to widen its partnership with both public
and private sectors toward finding long-term and sustainable ways to achieve national food selfsufficiency and security.
IRRI is the worlds premier research organization dedicated to reducing poverty and hunger,
improving the livelihood of rice farmers and health of rice consumers, and ensuring
environmental sustainability through rice science. Earlier, the NFA also signed a memorandum
of agreement with the Kaya Natin! Movement, a civil society organization advocating good
governance and ethical leadership, for a Bantay Bigas project to ensure that the NFAs
inexpensive quality rice will be continuously available, accessible, and affordable to poor
consumers who are its intended beneficiaries. (International Rice Research Institute)
http://news.pia.gov.ph/article/view/2931433727215/nfa-and-irri-partner-on-improving-ricequality#sthash.9GexjQqD.dpuf

APEDA AgriExchange Newsletter - Volume 1241


International Benchmark Price
Price on: 05-06-2015

24

Product

Benchmark Indicators Name

Price

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

25

Garlic
1

Chinese first grade granules, CFR NW Europe (USD/t)

2100

Chinese Grade A dehydrated flakes, CFR NW Europe


(USD/t)

2000

Chinese powdered, CFR NW Europe (USD/t)

1800

Chinese sliced, CIF NW Europe (USD/t)

4600

Chinese whole, CIF NW Europe (USD/t)

5100

Indian Cochin, CIF NW Europe (USD/t)

3000

Indian 100 mesh 3500 cps, FOB Kandla (USD/t)

4780

Indian 200 mesh 3500 cps basis, FOB Kandla (USD/t)

2200

Indian 200 mesh 5000 cps, FOB Kandla (USD/t)

3300

Ginger

Guar Gum Powder

Source:agra-net

For more info

Market Watch
Commodity-wise, Market-wise Daily Price on 06-06-2015
Domestic Prices
Product

Unit Price : Rs per Qty

Market Center

Variety

Min Price

Max Price

Dahod (Gujarat)

Other

1200

1300

Tosham (Haryana)

Other

1080

1150

Neemuch (Madhya Pradesh)

Other

1150

1269

Dhing (Assam)

Other

1340

1500

Amreli (Gujarat)

Other

1500

1975

Athani(Karnataka)

Local

1200

1340

Barley (Jau)

Maize
25

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874

26

Mango
1

Bonai (Orissa)

Other

2000

3000

Ateli(Haryana)

Other

1350

1350

Harippad(Kerala)

Other

2000

2500

Pattambi (Kerala)

Other

2000

3000

Bonai (Orissa)

Other

3000

4000

Gumla(Jharkhand)

Other

1400

1600

Cabbage

Source:agra-net

For more info

Egg

Rs per 100 No
Price on 06-06-2015
Product

Market Center

Price

Pune

380

Chittoor

378

Hyderabad

342

Source: e2necc.com
Unit Price : US$ per
package

Other International Prices

Price on 05-06-2015
Product

Market Center

Origin

Variety

Low

Onions Dry

Package: 50 lb sacks

Atlanta

New York

Yellow

20

20

Chicago

Colorado

Yellow

21

21

Detroit

California

Yellow

26

27

Carrots

Package: 20 1-lb film bags

Atlanta

California

Baby Peeled

18.50

20.50

Chicago

California

Baby Peeled

30

30

Detroit

Arizona

Baby Peeled

20

20

Apples

26

High

Package: cartons tray pack

Atlanta

Washington Red Delicious

24

24

Detroit

Washington Red Delicious

19

20.50

New York

Pennsylvania Red Delicious

14

14

Source:USDA

www.riceplusmagazine.blogspot.com | www.ricepluss.com
Contact for Advertisment : mujahid.riceplus@gmail.com Cell # 92 321 369 2874