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TOP Contents - Tailored for YOU Latest News Headlines…
Indonesia ready to import 500,000 tonnes of rice Seoul can't afford extending waiver on rice market opening: minister Vietnam's rice export reaches 2.68 mln tons in H1 .India’s rice dump may impact local exports Thai rice tycoon jailed for 3 yrs for state stocks embezzlement Brazil sells more rice to Saudis and the world With poor rain, paddy farmers feel the pain India raises minimum support price for rice by 3.8 pct - minister Wild rice research: The results could affect you Half-cup of rice option soon a must in QC restos Aquino calls meeting on commodity prices Cabinet hikes minimum paddy price to Rs 1,360
News Detail… Indonesia ready to import 500,000 tonnes of rice 25.06.2014
Indonesia's state buyer Bulog must prepare to import 500,000 tonnes of rice, deputy agriculture minister Rusman Heriawan said on Tuesday, to accomodate a surge in demand linked to the Muslim fasting month of Ramadan and a likely El Nino weather pattern.The Southeast Asian nation could more than double rice imports to up to 1.5 million tonnes this year, industry officials and analysts have said, and Bulog says the government may decide by early July. "To anticipate El Nino and increasing demand during Ramazan and Lebaran, the government has ordered Bulog to prepare itself for rice import," Rusman Heriawan told reporters, in a reference to the Eid holiday at the end of the fasting month, adding that no rice import permit had been issued as yet."It does not mean that Bulog
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has to execute the import contracts if domestic rice supply and output is good." Indonesia, which typically buys rice from Thailand and Vietnam, and the Philippines are among the Asian countries facing the gravest threat from El Nino, analysts say.
Seoul can't afford extending waiver on rice market opening: minister 2014/06/25 21:12
SEOUL, June 25 (Yonhap) -- South Korea's agriculture minister said Wednesday that the country can ill afford to extend existing waivers on rice market opening, strongly hinting that Seoul is leaning toward liberalization on the volatile issue.Speaking to reporters after a meeting in Seoul, Lee Dong-phil claimed there is a consensus that opposes increasing the minimum market access (MMA) quota any further."The issue has been a sticking point for over 20 years, but this time around, every effort will be made to exchange views and listen to the opinions of farmers to find a solution that can cause the least discord," the policymaker said.Lee acknowledged the symbolism of rice in the minds of farmers and concerns associated with liberalization, but stressed Seoul's commitment to alleviating such worries. Many farm groups have voiced opposition to any moves to open the market, and vowed to oppose any policies that they say could threaten their livelihood and endanger the country's ability to feed its own people.He, however, declined to give any details about how high tariffs on imports would be after market opening."That is a matter that requires negotiations (with exporters) so it cannot be divulged at present," he said. Some local scholars have suggested rates as high as 400 percent to offset any price advantage of cheaper imported rice. Although prices differ from country to country, locally grown rice is much more expensive than imports.At present, in exchange for not opening its market, South Korea is obliged to import 409,000 tons of rice every year under the MMA quota. This is roughly the amount of rice harvested in Gyeonggi Province alone. The province that surrounds Seoul is a major supplier of rice.South Korea was allowed to delay its rice market liberalization for 10 years under a 1993 agreement with the WTO, in which the country agreed to increase its MMA import quota by 20,000 tons per year. The agreement, extended once by 10 years in 2004, is set to expire at the end of this year.In 2012, South Korea spent over 300 billion won (US$294.1 million) to import about 360,000 tons of rice under its MMA quota, according to the agriculture ministry. Its import quota for this year will cause it to spend about 350 billion won, and an additional 50 billion won to ship and store the imported rice.The government, meanwhile, said it will make its final decision on rice market liberalization before the end of this month. If the country decides to open up its market, it has to notify the WTO of its decision before the end of September, mainly to allow for enough time for negotiations over its import tariffs.
yonngong@yna.co.kr
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Vietnam's rice export reaches 2.68 mln tons in H1 Xinhua News Agency June 25, 2014 7:02pm
Vietnam's rice export reaches 2.68 mln tons in H1.HANOI, June 25 (Xinhua) -- Vietnam's rice export hit nearly 2. 68 million tons from the start of this year till date, down by 23. 48 percent year on year, said Vietnam Food Association (VFA).Vietnam Industry and Trade Information Center (VITIC) under the Ministry of Industry and Trade on Wednesday quoted VFA as saying that as of June 20, Vietnam had earned 1.16 billion U.S. dollars from rice exports.Asian countries remained Vietnam's largest rice importer, buying over 267,500 tons in June, accounting for 76.08 percent of the country's total rice exports in the month.Meanwhile, the Americas rank the second with 61,300 tons, accounting for 17.44 percent of the total rice exports.Local rice exporting companies said that so far this year, Vietnam's rice exports to China have risen, especially the export of 5 percent broken rice. On June 24, Vietnam's 5 percent broken rice price stood at 405- 415 U.S. dollars per ton, 30 U.S. dollars higher than a year earlier, said VITIC.In May, Vietnam pocketed over 248.6 million U.S. dollars by shipping overseas around 586,000 tons of rice, up 5.29 percent in value and 9.37 percent in volume from the previous month, said VFA.Vietnam is one of the most important rice producers and exporters in the world. Rice plays the most important role among all agricultural commodities in Vietnam in terms of food security, rural wages and employment, as well as export revenues.In 2013, Vietnam earned 2.99 billion U.S. dollars from exporting 6.72 million tons of rice. The country has set a target of exporting 7 million tons of rice in 2014. Copyright 2014 Xinhua News Agency. Xinhua is China's state-run news agency. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
India‘s rice dump may impact local exports Wed, 25 June 2014
May Kunmakara
With the Indian government set to inject five million tonnes of rice in to its domestic market, Cambodia‘s rice producers fear that any spillover into the global rice trade may impact local exports.According to a June 18 Bloomberg report, India intends to dump about a quarter of its rice stockpiles into the country as soon as possible, to curb inflation caused by lower crop yields brought on by lower rainfall during the monsoon season.David Van, acting secretary-general of a newly established Cambodia Rice Federation, said the extent of the effects of five million additional tonnes of rice into the Indian market is hard to measure at this time.
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But he acknowledged that India‘s move could effect how much of the grain Cambodia is capable of exporting.―Should the Indian government indeed pour more volume into the global rice trade with softer prices, the global market prices would certainly be affected as prices could continue to soften, thereby driving further to the edge Cambodia‘s ability to export,‖ he said.Van added that India‘s long grain white rice would be the main competitor for Cambodian rice exports.According to data from the Ministry of Agriculture, Cambodia exported 120,300 tonnes of milled rice over the first four months of the year, of which fragrant rice accounted for 52 per cent, while long grain white rice made up 41 per cent.Khan Kunthy, a local rice miller and exporter was also concerned with India‘s plans to inject rice into the market.
―More or less it will affect the global price as there will be more supply in the market. But I think it will not affect our fragrant rice but our long grain white rice,‖ Kunthy said yesterday.India was the world‘s top rice exporter in 2012 and 2013.According to data from the Agricultural and Processed Food Products Export Development Authority in India, the country exported a total of 10.78 million tonnes of rice in 2013-2014 financial year.The exporting period, which runs from April 1 2013, to March 31 2014, was up by about 6 per cent from close to 10.15 million tonnes exported in the same period the year before. Contact author: May Kunmakara
Thai rice tycoon jailed for 3 yrs for state stocks embezzlement Wed Jun 25, 2014 6:28am GMT By Apornrath Phoonphongphiphat BANGKOK, June 25 (Reuters) - A Thai court has sentenced a top rice trader believed to have close ties with former premier Thaksin Shinawatra to three years in jail for embezzling rice from state stockpiles.An official at the district court in Samut Prakan province east of Bangkok said Apichart Chansakulporn, former owner of bankrupt President Agri Trading, was found guilty of failing to deliver 20,000 tonnes of rice to Iran after getting a mandate for the trade from the Commerce Ministry in 2007."The lower court handed down a verdict on Tuesday that Mr Apichart was guilty and sentenced him to three years in jail," the official said, declining to be identified as he was not authorised to speak to the press."However, he has the right to appeal within a month."Apichart remained free on bail, he added. The trader is widely believed to be the head of Siam Indica, a rice trading company at the address previously used by President Agri.Siam Indica was investigated by the National Anti-Corruption Commission (NACC) as part of a probe into corruption in a rice intervention scheme run by the government of Yingluck Shinawatra, the sister of Thaksin, from 2011.She was removed by the Constitutional Court for abuse of power in May and still faces separate charges of dereliction of duty relating to the intervention programme. The remnants of her
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government were ousted in a military coup on May 22 and the junta now in power has moved quickly to neutralise security officials, senior civil servants and others associated with the Shinawatras. Apichart was also among those summoned to report to the new authorities after the coup.The NACC is still looking into the rice-buying programme under Yingluck, who was helped to power in 2011 by offering millions of farmers a price for their rice that was well above the market level.That effectively priced Thai rice out of the export market and her government found few buyers for the millions of tonnes that ended up in state stockpiles.Former Commerce Minister Boonsong Teriyapirom said in 2012 he had reached deals with foreign governments, including the Philippines and China, to sell 7.3 million tonnes.However, the countries involved denied there were any such agreements and traders and industry officials said the rice was never delivered to foreign buyers. Some said that rice was sold to a restricted group of traders and exporters at prices far below the 15,000 baht ($460) per tonne the government paid to farmers.The scheme ran up billions of dollars in losses which, along with the lack of transparency, helped fuel months of protests in Bangkok against Yingluck, undermining her government from November 2013 and leading to her downfall. ($1=32.3500 Thai Baht) (Editing by Alan Raybould)
Brazil sells more rice to Saudis and the world Exports of the product were up 35% year-to-date through May this year from the same period in 2013. Markets to which sales increased include Saudi Arabia.São Paulo – Brazilian rice exports are on the way up, and Arab countries rank among the top buyers this year. According to figures released by the Rice Institute of Rio Grande do Sul (Irga, in the Portuguese acronym), foreign sales were up 35% year-to-date through May this year from the same period last year, and up 66% from March through May this year from the same period in 2013. The commercial year for the rice crop begins in March, as harvesting usually takes place between February and April.IrgaThe trade balance for rice is showing a surplus Year-to-date through May, 557,060 tonnes of rice were shipped abroad from Brazil. From March through May, 383,300 tonnes were exported. In both periods, Cuba was the leading buyer, followed by Venezuela. Year-todate, Cuba imported 115,300 tonnes and Venezuela imported 87,400. Next in the ranking are Sierra Leone, Senegal, Gambia, Nicaragua, Bolivia, Switzerland, Netherlands and Peru.Saudi Arabia was the 17th leading buyer of Brazilian rice year-to-date through May, at 4,000 tonnes. Libya ranked 19th at 1.9 tonne. Year-to-date through May 2013, Libya did not purchase any rice from Brazil, and Saudi imported 3.1 tonnes. In other words, Saudi imports were up 30% so far this year.
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―Saudi Arabia is one of nine target countries of the Brazilian Rice program. Jordan is another,‖ says the Irga chief of cabinet and coordinator of the Sectorial Chamber for Rice of the State of Rio Grande do Sul, César Marques. Brazilian Rice is a product promotion project carried out by the Irga, the Brazilian Rice Industry Association (Abiarroz) and the Brazilian Export and Investment Promotion Agency (Apex-Brasil).The enterprises affiliated with the project take part in initiatives designed to increase exports, such as trade shows and matchmaking, and receive assistance in training, with an emphasis on food security. The promotional actions focus on the project‘s selected target countries. Initiatives targeting the Arab world include attending the Gulfood, a food industry fair held in Dubai. Marques explains that the Middle East consumes plenty of rice and that the market‘s requirements are the same as Europe‘s. He believes exports to the region may increase.
The Rio Grande do Sul Rice Sectorial Chamber for Rice coordinator says Brazilian exports began to rise in 2011, when the country had a bumper crop. At that time, prices dropped to R$ 17 (US$ 7.6 at current exchange rates) per 50-kg bag of shelled rice (April 2011). ―Had there not been a government intervention, people everywhere would have gone bankrupt,‖ he says.When the market price was R$ 19.20, the federal government set a minimum price at R$ 25.80 and injected R$ 1.2 billion (US$ 538 million) into the sector – i.e. the government paid the different between the market price and the minimum price to growers who exported product. In that year, the product was sold to 74 countries, says Marques. In the following year, the commercial project was implemented in partnership with Apex-Brasil, and exports have grown steadily since, even though the market price is now R$ 36. Rio Grande do Sul accounts for 95% of all rice shipped from Brazil, according to the Irga chief of cabinet. And the state‘s government has also taken action to make rice more attractive and competitive, such as presumed credit of 7% of the ICMS (tax on circulation of industrialized goods), for states where rice is processed and grown locally (up to a maximum of 10% of the rice may be imported). Via these and other actions, the sector‘s trade balance has remained on a surplus for the past four years, including 2014 to date.According to projections from Brazil‘s National Supply Company (Conab), the Brazilian rice crop should amount to 12.2 million tonnes in the 2013/2014 season. The prior crop was 11.8 million tonnes. Isaura Daniel* isaura.daniel@anba.com.br
With poor rain, paddy farmers feel the pain The Hindu
Decrease in rainfall in the district has affected farming activities. Decline in rainfall in June has affected paddy cultivation in the district with even sowing and transplanting operations affected.Anthony Maria Immanuel, Joint Director of Agriculture, said that there was a 33 per cent decline. The district normally received rainfall of 1,007.9 mm by June 23. But this year, it had received only 674.1 mm.Last year, the district had received a
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rainfall of 1,219 mm by June 23.There was a 45 per cent decline in rainfall this month, when compared to the corresponding period last year. The Department had a target of cultivating paddy in 45,000 hectares (ha) in the district during the monsoon (kharif) season this year.So far the sowing activities had been taken place in 361 ha in the district. Last year, sowing activities had been completed in 3,000 ha during the same period. The decrease in rainfall had affected sowing and transplanting operations.But the pre-monsoon agricultural operations such as choice of good seeds, organic fertilizers and other nutrients for soil had taken place smoothly.In the present season, 1,348 quintals of seeds of different varieties of paddy had been distributed to as many as 3,250 farmers at subsidised rates so far. Last year, 1,731 quintals of seeds of paddy had been distributed to 4,175 farmers by this time.
India raises minimum support price for rice by 3.8 pct - minister NEW DELHI Wed Jun 25, 2014 6:47pm IST CREDIT: REUTERS/FAYAZ KABLI/FILES Reuters) - The government has raised the price at which it will buy the new season common rice from local farmers by 3.8 percent to 1,360 rupees ($22.78) per 100 kilograms, Law Minister Ravi Shankar Prasad told a news conference after a cabinet meeting.The government has also raised the price of the superior variety of rice to 1,400 rupees per 100 kg, up from 1,345 rupees from the previous year, Prasad said.India buys rice from local farmers to protect growers from any distress sale and to build stocks for its welfare programmes. ($1 = 59.70 rupees) (Reporting by Ratnajyoti Dutta; editing by Mayank Bhardwaj) Photo: A Kashmiri labourer carries a sack containing rice on his shoulder as he walks inside a government godown in Srinagar September 14, 2012.
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Wild rice research: The results could affect you MIKE HANSEL MINNESOTA CHAMBER OF COMMERCE If you live on the Iron Range, a Minnesota Pollution Control Agency‘s upcoming revision to the state water quality standard to protect wild rice could have a big impact on you and your neighbors.The MPCA proposes to enforce the wild rice standard of 10 mg/L in the future in hundreds of new locations, impacting many private and municipal wastewater discharges across northeastern Minnesota.Iron Range employers and municipalities will face devastating costs if the standard is not updated.
The only technology that will to meet that standard is membrane treatment (e.g. reverse osmosis). Studies of currently operating systems show that municipalities would need to impose huge water bill increases (a typical increase might be $130 per month per household) to build and operate the required systems.Predicted costs to treat a single discharge from a mine are on the order of $120 million in capital costs, and tens of millions of dollars a year in operation and maintenance costs.Given naturally occurring sources of sulfate, treatment on this scale may still not meet the current standard where the wild rice grows.The Minnesota Chamber of Commerce and others are working with the Minnesota Pollution Control Agency (MPCA) to conduct modern research on the effects of sulfate on wild rice. While sulfate is a nutrient for all plants and is naturally occurring in all waters, the current standard is antiquated, based on field surveys conducted in the 1950s and ‗60s, and were not intended for setting a water quality standard.In 2011, the legislature recognized the problem, appropriating $1.5 million for modern scientific research on the effects of sulfate on wild rice and directing the MPCA to use that research to update the standard. The MPCA contracted with the University of Minnesota Duluth and Twin Cities professors to conduct the research.In December 2013, the MPCA released the results of five studies, in addition to multi-year field surveys and an additional study conducted by the Minnesota Chamber and its members.The research and field studies by the MPCA and the Minnesota Chamber show:1. Sulfate is not toxic to wild rice except at very high concentrations (e.g. 1,600 mg/L to 2,500 mg/L). Both the MPCA and MN Chamber studies agree on this. 2. Field surveys reveal that wild rice grows well in natural waters containing much higher sulfate concentrations than 10 mg/L. Healthy wild rice was found in water with sulfate as high as 1,000 mg/L.3. Any negative impacts to wild rice from sulfate are mitigated by the presence of iron in the water and sediment where wild rice grows.Unfortunately the MPCA has developed a hypothesis regarding sulfide impacts to wild rice. The MN Chamber believes that the scientific studies do not support that hypothesis, that the studies are technically flawed and additional research is needed. The MN Chamber believes that the correct sulfate standard should be 1,600 mg/L or higher.
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Half-cup of rice option soon a must in QC restos By Jeannette I. AndradePhilippine Daily Inquirer 4:14 am | Wednesday, June 25th, 2014 Philippines–Soon, all food establishments in Quezon City, including those in hospitals, schools, even catering businesses, will be required to offer their customers the option of ordering half a cup of rice.Citing a report that Filipinos were wasting P8 billion worth of rice annually, the city council approved on third and final reading on Monday the ―Half-cup rice ordinance of 2014‖ which would impose a fine of up to P2,000 on violators in addition to the possible suspension of their business permits.In approving the proposed ordinance, councilors took into consideration a report by the Los Baños, Laguna-based International Rice Research Institute (IRRI) which stated that the country was wasting P23 million worth of rice every day, amounting to over P8 billion a year. The IRRI noted that the rice going to waste could be used to feed 4.3 million people.The city council also cited data from the Department of Science and Technology‘s Food and Nutrition Institute which showed that on the average, every Filipino wastes three tablespoons or nine grams of rice daily, equivalent to 3.3 kilos a year.―The hundred tons of rice wasted each year, not just in the Philippines but in the whole world, need to be taken seriously; our social conscience will tell us that the rice we waste can just be the very rice we need to feed the hungry and the undernourished,‖ it said.It added: ―Empirical evidence shows that the availability of a half cup or half order of rice serving [will] minimize wastage especially within the food service industry. ‖As defined in the ordinance, a half cup or half order of rice refers to half or roughly 80 grams of the default restaurant serving of 158 grams or a whole cup of rice.Covered by the new regulation are ―all businesses, institutions and companies responsible for any meal prepared outside the home,‖ including restaurants, fastfood chains, school and hospital cafeterias, food courts and catering businesses in Quezon City.
Aquino calls meeting on commodity prices By Nikko DizonPhilippine Daily Inquirer
6:37 pm | Wednesday, June 25th, 2014 PR001— President Benigno Aquino said Tuesday he would call for a meeting with the various government agencies concerned to get to the bottom of the rising prices of basic commodities such as rice and garlic.―There will be a meeting, perhaps this week—if not, at the latest, by next week— to check especially rice but also garlic, to determine exactly what is causing these price spikes,‖ Aquino told reporters at a press conference aboard a chartered flight Tuesday en route to Hiroshima from Tokyo where he had a with Japanese Prime Minister Shinzo Abe.Aquino said many reasons have been advanced for the sudden increase in the prices of rice, including the effects of past typhoons and even the Philippines‘ territorial dispute with China.
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―We need definitive answers,‖ Aquino said.Aquino said he had been told that it was the well-milled rice that ―has had this very significant spike.‖This, he said, does not affect the ―vast majority‖ of Filipinos, who do not consume well-milled rice.Nonetheless, Aquino said, the National Food Authority has doubled its normal supply to ensure adequate supply of rice—a constant in Filipino meals—and ―prevent any undue upward movement, [such as] panic buying that will induce further price spikes.‖He noted that government‘s importation of 800,000 metric tons has been criticized, even if it were for the expected lean months of June and July. Some 12,000 metric tons of the 800,000 have already arrived, he said. Aquino said he has asked the Department of Trade and Industry to check the possibility of using satellite imagery to identify land planted to rice as well as determine the amount of rice per hectare that people could expect.Aquino said this would show ―a real and accurate picture‖ of the country‘s rice supply.
Cabinet hikes minimum paddy price to Rs 1,360 Jun 25, 2014 20:40 IST New Delhi: The government today announced Rs 50 per quintal increase in the minimum support price of paddy to Rs 1,360 to encourage farmers to cultivate rice, but said that the decision will not have an impact on inflation.Minimum support price (MSP) of pulses has been raised by up to Rs 100 per quintal.The Cabinet Committee on Economic Affairs (CCEA), in its meeting held today, approved the MSPs of kharif crops for 2014-15 crop year (July-June).
"Paddy MSP has been hiked by Rs 50 to Rs 1,360 per quintal for 2014-15 crop year," Law and Telecom Minister Ravi Shankar Prasad told reporters after the CCEA meeting.Paddy MSP of Grade 'A' variety has been raised by Rs 55 to Rs 1,400 a quintal. Paddy is a major Kharif crop, the sowing of which starts with the onset of monsoon in June.When asked whether increase in paddy MSP will lead to rise in prices, Prasad said: "I do not think rise in MSP is directly linked to inflation. We are taking several measures to control inflation."In view of
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possibility of below normal monsoon, the government has gotten into action and taken several steps to control prices. We have accepted the recommendation of CACP in toto. We have given best possible deal to farmers". Cotton MSP has been increased by Rs 50 per quintal to Rs 3,750 for medium staple, and to Rs 4,050 for long staple.For pulses, the CCEA approved a Rs 50 hike in the support price of 'tur' and 'urad' to Rs 4,350 a quintal each, while Moong MSP was raised by Rs 100 to Rs 4,600 a quintal.In oilseeds category, the government announced an increase of Rs 50 in the support price of sunflower seed to Rs 3,750 a quintal, besides a Rs 100 hike in MSP of sesamum and nigerseed at Rs 4,600 and Rs 3,600 a quintal respectively.
The CCEA approved hike in jowar MSP by Rs 30 to Rs 1,530 a quintal for the hybrid variety and Rs 1,550 a quintal for the maldandi variety for this year. Ragi's MSP was raised by Rs 50 to Rs 1,550 a quintal.The agriculture ministry had recommended retaining the MSP of bajra and maize at Rs 1,250 and Rs 1,310 a quintal respectively. It had proposed keeping the MSP of groundnut and soyabean unchanged for this year at Rs 4,000 and Rs 2,500-2,560 a quintal respectively. PTI Image:More money to farmers. Reuters
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