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Bangladesh rice production rises over 3 percent in 2011

Posted by Flora Sawita Labels: Bangladesh, Production Increases, Rice

Bangladesh produced a record 34.25 million tonnes of rice in 2011, 3.16 percent more than the previous year, helped by favourable weather and continued government support for the farming sector, a senior agriculture official said on Sunday.

"Bangladesh has now almost achieved self sufficiency in food grains (rice and wheat), with most farmers using high-yielding seeds," said the official, who requested not to be named.

Besides, the government offers hefty subsidies to the agriculture sector to ensure food security and supplies fertiliser and diesel (for running irrigation pumps) at affordable prices, officials and farmers have said.

The south Asian country produced 33.2 million tonnes of rice, the main staple for its more than 150 million people, in 2010, according to data available with the Department of Agriculture Extension and Bangladesh Bureau of Statistics.

India expects 5th straight record wheat crop - U.S. attache

Posted by Flora Sawita Labels: India, Production Figures, Rice, Wheat

REUTERS - Following are selected highlights from a report issued by a U.S. Department of Agriculture attache in India:

"India expects a fifth record wheat crop in a row, 87.5 million tonnes, on higher planted area and optimal growing conditions in major growing areas to date. MY 2012/13 wheat exports are forecast at 1.5 million tonnes. MY 2012/13 rice production is forecast at 100 million tonnes, marginally lower than the year prior record production. India is unlikely to impose export controls on rice in the near future; MY 2011/12 rice exports are likely to reach 6.5 million tonnes including 2.7 million tonnes of Basmati.

MY 2012/13 coarse grain production is forecast higher at 42.9 million tonnes on expected higher acreage under corn and sorghum. Indian MY 2012/13 corn exports will fall to 2.2 million tonnes on expected strong domestic demand, versus corn exports in current MY 2011/12 estimated at 2.4 million tonnes. MY 2012/13 pulse production is forecast lower at 17.3 million tonnes compared to the MY 2011/12 record production of 18.2 million tonnes on lower acreage.

Pulse imports in MY 2011/12 are estimated to increase to 3 million tonnes. Imports are forecast to remain strong in MY 2012/13 provided international prices remain stable."

Attache reports are not official USDA data.

To see the full report, please go to: r.reuters.com/hec86s

(Washington commodities desk, +1 202 898-8415 ; washington.commodsenergy.newsroom@news.reuters.com)

Iranian importers to buy Indian rice

Posted by Flora Sawita Labels: Grain, Import, India, Iran, Rice

Iranian rice importers could open letters of credit in Indian rupees to pay for Indian rice this week, the president of the All India Rice Exporters Association said on Wednesday.

India said last week its exporters should be able to receive payments in the restricted rupee currency for sales to Iran to help maintain trade, despite US banking sanctions.

"I think it will be operational this week," Vijay Setia told Reuters on the sidelines of a grains conference in Dubai.

"The trouble that Indians are facing is that most of Iranian trade is indirect through Dubai and it is on the basis of long term 90 to 220 days credit," Setia said.

He said a weakening Iranian currency was making it even more difficult for Iranian buyers to pay for staple food imports.

One Iranian rice importer, who had not moved rice from India in two months because of large exchange rate fluctuations, said rupee payments might help revive trade.

"It is going to happen but it is not yet functional...we are waiting for the people to start with small quantities," Shahrokh Khazaei, executive director of Mohsen Line Trading, said.

Khazaei, whose firm trades around 200,000 tonnes of mostly Indian rice per year, said he had cargoes ready in India but was waiting for more clarity on payments before resuming imports to Iran.

Thai rice steadies after intervention extended

Posted by Flora Sawita Labels: Commodities, Rice, Thailand, Vietnam

Thai rice prices were steady this week after the government extended its intervention scheme, a move that would ensure Thai rice remains uncompetitive especially as Vietnam has lowered its prices to compete better with India, traders said on Wednesday.

The Thai government has extended its intervention programme, which was due to end on February 29, to the end of June to cover the second crop.

The government will therefore continue to buy rice from farmers at 15,000 baht ($490) per tonne, well above the current market level of 9,000-10,000 baht, and keep it in stockpiles in an effort to prop up prices.

"Thai export prices will be pegged at high levels that no one wants to buy at.

And that will provide room for Vietnam and India to sell," said a Bangkok-based trader.

The price of 100 percent B grade white rice was steady at $550 per tonne, while the 5 percent broken grade white rice stood at $525-$530 a tonne, compared to last week's $530.

Traders said prices were held up simply by intervention, not through demand, as Thai exporters could not compete with rice from other countries that was around $100 per tonne cheaper.

Last week, Vietnam lowered its floor prices by 8 percent to boost exports.

Prices there dipped this week due to thin demand and increasing supplies from a major harvest, and they were likely to fall further next month, traders said.

Quotations for 5 percent broken rice eased to $430-$435 per tonne, free on board, from last week's $440-$450.

The 25 percent broken grain fell to $405 a tonne from $410-$420.

Vietnamese prices are now below Indian levels for 5 percent broken rice at around $450-$465 per tonne, said a Bangkok-based trader who deals in Indian grade.

Thailand looks set to lose its title as the world's biggest rice exporter to Vietnam because its uncompetitive prices, caused by the intervention, are sharply cutting exports.

Shipments in January dropped to 350,000 tonnes, down 52 percent from a year earlier when it exported 730,000 tonnes, Commerce Ministry data showed.

"Exports are expected to fall at the same rate in February as demand remains thin," said a Thai trader.

Vietnamese prices are unlikely to fall sharply from current levels as the industry regulator, the Vietnam Food Association, could stockpile 1 million tonnes of milled rice to prop up the market during the winter-spring harvest.

Vietnam cuts rice prices to compete with India

Posted by Flora Sawita Labels: India, Rice, Thailand, Vietnam

Vietnam, the world's second-biggest exporter of rice, cut grain prices amid rising supply during the harvest season as it jostles for market share with India, while traders said prices could fall further as swelling supplies heat up competition.

The Vietnam Food Association, which oversees rice exports, cut the export floor price for the 25 percent broken grain to $420 a tonne from $455 a tonne on Wednesday.

"They could be waiting for the harvest of the winter-spring crop when they expect prices to fall further," a trader in Ho Chi Minh City said.

The Vietnamese floor price was well below the Indian white rice grade, which was quoted unchanged at $455-$465 per tonne, on a free-on-board basis (FOB), traders said.

Vietnam-based traders said the market was still quiet, with few buyers who were just investigating prices, despite the recent decreases.

"Buyers may wait to buy when prices reach the bottom as they realised that supply was rising.

And if India wanted to export, it could cut its prices to compete.

We may see Indian prices of around $400 a tonne," said Kiattisak Kalayasirivat of Novel Agritrade.

Vietnam is about to harvest its winter-spring crop, which is expected to produce 11 million tonnes of paddy.

Production is expected to peak in March.

The Vietnam Food Association said it would ask exporters to buy rice for stockpiling if domestic prices fall below 5,000 dong (24 US cents) a kg, but it has not clarified the scale of the plan.

Prices now stand at 5,600-5,900 dong per kg.

The Indian government panel on Tuesday reviewed the rice export scenario and decided to continue with the free export policy on common rice.

The panel also lowered the floor export price on aromatic Basmati rice by $200, to $700 per tonne.

"There has been lukewarm response from overseas buyers as supplies from Vietnam have become cheaper than Indian white rice by at least $20 per tonne," said a Delhi-based trader.

Traders said competition between Vietnam and India was expected to intensify as India was likely to move to grab more market share at a time it is holding huge stocks.

India's January 1 rice inventory in government warehouses was 29.8 million tonnes, more than 2.5 times its target of 11.8 million tonnes.

Its rice production is estimated at 102.75 million tonnes, compared with 95.98 million produced a year earlier, the latest farm ministry data showed.

Basmati makes up around 5 percent of India's total rice production.

THAI PRICES HELD HIGH, EXPORT SLUMP

Although demand was very thin, Thai rice prices were held steady at firm levels by the government intervention.

The government said it planned to continue to pay farmers 15,000 baht ($480) per tonne until the end of July as a support measure.

The scheme pegged the export price for the benchmark 100 percent B grade white rice to stay at $550 a tonne, unchanged from last week.

"Exports will definitely fall further as our prices are uncompetitive," Kiattisak said.

Thailand, the world's biggest rice exporter, sold just 350,000 tonnes of rice in January, down 52 percent from a year earlier, when it exported 730,000 tonnes, Commerce Ministry data show.

Iraq seeks to buy 30,000 tonnes of rice

Posted by Flora Sawita Labels: Arab, Import, Iraq, Rice, Tender

Iraq's state grain board has issued an international tender to purchase at least 30,000 tonnes of rice, European traders said on Tuesday.

Any origin will be accepted.

The bidding deadline is February 13 and offers must remain valid until February 17.

Volumes in Iraq's grain tenders are regarded as nominal and the country frequently buys more than the tender volumes.

Shipment dates were not given.

Iraq's grain board has this year raised its quality standards for rice purchases, making it difficult for some origins, especially India, to compete in tenders.

The board increased the minimum length of rice grain to 6.8 millimeters from 6.0 millimeters and reduced permitted broken grain content to 3 percent from the previous 5 percent level.

In Iraq's last rice tender reported on February 2, the state board provisionally purchased about 150,000 tonnes from Vietnam, Uruguay, Thailand and India but the purchases will depend on supplies meeting the new quality standards.

Iraq seeks to buy 30,000 tonnes of rice

Posted by Flora Sawita Labels: Arab, Import, Iraq, Rice, Tender

Iraq's state grain board has issued an international tender to purchase at least 30,000 tonnes of rice, European traders said on Tuesday.

Any origin will be accepted.

The bidding deadline is February 13 and offers must remain valid until February 17.

Volumes in Iraq's grain tenders are regarded as nominal and the country frequently buys more than the tender volumes.

Shipment dates were not given.

Iraq's grain board has this year raised its quality standards for rice purchases, making it difficult for some origins, especially India, to compete in tenders.

The board increased the minimum length of rice grain to 6.8 millimeters from 6.0 millimeters and reduced permitted broken grain content to 3 percent from the previous 5 percent level.

In Iraq's last rice tender reported on February 2, the state board provisionally purchased about 150,000 tonnes from Vietnam, Uruguay, Thailand and India but the purchases will depend on supplies meeting the new quality standards.

Thai rice exports plunge, India to sell more grain

Posted by Flora Sawita Labels: Export, Grain, India, Rice, Thailand

Thai rice exports slumped by more than half in January from a year earlier, which traders blamed on a government intervention scheme, while India continued to sell more grain after its government eased export curbs.

Thailand, the world's biggest rice exporter, sold just 350,000 tonnes of rice in January, down 52 percent from a year earlier, when it exported 730,000 tonnes, Commerce Ministry data show.

"The sharp fall in January is clear evidence that our prices are uncompetitive, and exports will continue to fall," one trader said.

Thailand's benchmark 100 percent B grade white rice was steady at $550 per tonne on Wednesday, propped up by the government's buying as demand remained thin.

The government started buying rice at 15,000 baht ($490) per tonne on October 7 to honour an election promise.

That was double the market price in the middle of last year, before the July election.

The scheme is due to end on February 29, when the main crop will have been harvested, but newly appointed Commerce Minister Boonsong Teriyapirom has said he would seek cabinet approval to extend it to cover the second crop at the same price.

Around 7 million to 10 million tonnes of rice is expected in this crop.

Harvesting is due to start in early March.

Boonsong said there would be no change in the rice intervention policy, but the government would buy more aggressively to push prices much higher to support farmers.

Some farmers are still having to sell to millers or middlemen at prices of around 9,000 baht a tonne, as many do not have trucks to carry grain to government buyers.

The buying process was also disrupted during last year's severe floods and many farmers sold cheaply to get cash quickly.

As a result, the export price, although high, has not gone anywhere near the $800 or more forecast by some exporters when the intervention scheme was unveiled.

VIETNAM UNCOMPETITIVE TOO Vietnamese rice exports are also suffering because of uncompetitive prices, traders said.

Exports in the first quarter are expected to fall 39 percent from a year ago to around 1.1 million tonnes in the face of competition from India and other Asian countries, state media have said, quoting food officials.

"Although Vietnamese rice prices are lower than Thai prices, they are still uncompetitive compared to Indian rice," said a Bangkok-based trader.

Indicative offer prices for Vietnam's 5 percent broken rice stood at $440 to $450 a tonne, free on board (FOB), against $455 last Wednesday.

The 25 percent broken rice ranged from $410 to $425 a tonne, versus $420 two weeks ago.

Trading in Vietnam was slow this week, with few transactions after a one-week close for the Tet holiday.

In contrast, business in India was brisk, with trading houses securing deals with Indian suppliers, mostly for delivery to Africa, traders said.

Indian white rice remained at $455-$465 per tonne FOB, unchanged from last week.

One Delhi-based trader reported inquiries from Nigeria, South Africa and Bangladesh.

Indian ministers will meet next week to review the rice policy.

The country initially said it would allow exports of 2 million tonnes from last September, but that cap has since been removed.

Thai rice exports plunge, India to sell more grain

Posted by Flora Sawita Labels: Export, Grain, India, Rice, Thailand

Thai rice exports slumped by more than half in January from a year earlier, which traders blamed on a government intervention scheme, while India continued to sell more grain after its government eased export curbs.

Thailand, the world's biggest rice exporter, sold just 350,000 tonnes of rice in January, down 52 percent from a year earlier, when it exported 730,000 tonnes, Commerce Ministry data show.

"The sharp fall in January is clear evidence that our prices are uncompetitive, and exports will continue to fall," one trader said.

Thailand's benchmark 100 percent B grade white rice was steady at $550 per tonne on Wednesday, propped up by the government's buying as demand remained thin.

The government started buying rice at 15,000 baht ($490) per tonne on October 7 to honour an election promise.

That was double the market price in the middle of last year, before the July election.

The scheme is due to end on February 29, when the main crop will have been harvested, but newly appointed Commerce Minister Boonsong Teriyapirom has said he would seek cabinet approval to extend it to cover the second crop at the same price.

Around 7 million to 10 million tonnes of rice is expected in this crop.

Harvesting is due to start in early March.

Boonsong said there would be no change in the rice intervention policy, but the government would buy more aggressively to push prices much higher to support farmers.

Some farmers are still having to sell to millers or middlemen at prices of around 9,000 baht a tonne, as many do not have trucks to carry grain to government buyers.

The buying process was also disrupted during last year's severe floods and many farmers sold cheaply to get cash quickly.

As a result, the export price, although high, has not gone anywhere near the $800 or more forecast by some exporters when the intervention scheme was unveiled.

VIETNAM UNCOMPETITIVE TOO Vietnamese rice exports are also suffering because of uncompetitive prices, traders said.

Exports in the first quarter are expected to fall 39 percent from a year ago to around 1.1 million tonnes in the face of competition from India and other Asian countries, state media have said, quoting food officials.

"Although Vietnamese rice prices are lower than Thai prices, they are still uncompetitive compared to Indian rice," said a Bangkok-based trader.

Indicative offer prices for Vietnam's 5 percent broken rice stood at $440 to $450 a tonne, free on board (FOB), against $455 last Wednesday.

The 25 percent broken rice ranged from $410 to $425 a tonne, versus $420 two weeks ago.

Trading in Vietnam was slow this week, with few transactions after a one-week close for the Tet holiday.

In contrast, business in India was brisk, with trading houses securing deals with Indian suppliers, mostly for delivery to Africa, traders said.

Indian white rice remained at $455-$465 per tonne FOB, unchanged from last week.

One Delhi-based trader reported inquiries from Nigeria, South Africa and Bangladesh.

Indian ministers will meet next week to review the rice policy.

The country initially said it would allow exports of 2 million tonnes from last September, but that cap has since been removed.

Pakistan loses European rice market share to India

Posted by Flora Sawita Labels: European Union (EU), Import, India, Pakistan, Rice

Pakistani exporters have lost the European rice market share to their Indian counterparts, say REAP office-bearers.

Pakistan, which used to export 300,000 tons of rice to the European Union countries every year, exported only 20,000 tons of rice this year, as Indian rice is replacing Pakistani rice quickly due to New Delhi’s unfair trade practices, besides higher per acre yield and cheaper costs particularly energy cost.

A rice variety named “CRS 30”, developed by Indian scientists, is being sold in the foreign markets especially EU by Indian exporters with the label of “basmati”. This new variety has been developed by the Indian agri scientists as a substitute of basmati, and it gives high yield at low cost, wiping Pakistani basmati rice from the foreign markets.

The office-bearers of Rice Exporters Association of Pakistan (REAP) revealed these facts during a reception hosted in honour of the TDAP chairman.

They further said that government research institutes at Kala Shah Kaku or Ghotki had failed to produce results in this regard. They urged the govt to constitute a team which would start working on war-footings for producing a quality seed with more yield.

They suggested that seed development task should be given to the private sector and incentives should be announced for the scientists who would produce required seed. “Incentives should be declared prior to assigning this task as it will encourage our scientists to work with more zeal,” they observed.

REAP members proposed exploring the possibilities of entering into a Counter Trade Agreement with Iran on mutually preferential terms for purchase of oil and sale of agricultural products including rice without the need for any hard currency.

They stressed the need for making laboratory QRC Rice Inspection Cell more effective besides getting achieving any international accreditation for this lab so that its certification is accepted by the importing countries worldover.

On the occasion, TDAP Chairman Tariq Iqbal Puri said that TDAP is setting up a study group to look into the potential commodities and products, which can be exported to India.

This group will interact with all the stakeholders including rice exporters to conduct an in depth research on Indian market and propose a list of items, which can be exported to Indian market from Pakistan.

Replying to the points raised by rice exporters, TDAP chairman admitted that presently this trade needs quality seed producing good yield. He said that all the stakeholders have to sit together taking this single item agenda.

Puri also stressed the need for awareness of rice growers and said even best marketing can not produce desired results if the product is below quality. He assured the exporters to arrange a meeting with the State Bank of Pakistan (SBP) next week to seek some relief in mark-up on export refinance as proposed by some of the REAP members.

TDAP Chief Executive also agreed with the proposal of the REAP members for focusing on China and Russia besides some other countries for increased export of Basmati rice. He said incomes and purchasing power of Chinese and Russian people are on the rise and Pakistani exporters should work hard to make inroads in these markets. He observed every product from Pakistan can be sold in Chinese market.

Puri also hoped that the government can not ask TCP and Passco to intervene in rice market to avoid any artificial increase in the prices.

Pakistan loses European rice market share to India

Posted by Flora Sawita Labels: European Union (EU), Import, India, Pakistan, Rice

Pakistani exporters have lost the European rice market share to their Indian counterparts, say REAP office-bearers.

Pakistan, which used to export 300,000 tons of rice to the European Union countries every year, exported only 20,000 tons of rice this year, as Indian rice is replacing Pakistani rice quickly due to New Delhi’s unfair trade practices, besides higher per acre yield and cheaper costs particularly energy cost.

A rice variety named “CRS 30”, developed by Indian scientists, is being sold in the foreign markets especially EU by Indian exporters with the label of “basmati”. This new variety has been developed by the Indian agri scientists as a substitute of basmati, and it gives high yield at low cost, wiping Pakistani basmati rice from the foreign markets.

The office-bearers of Rice Exporters Association of Pakistan (REAP) revealed these facts during a reception hosted in honour of the TDAP chairman.

They further said that government research institutes at Kala Shah Kaku or Ghotki had failed to produce results in this regard. They urged the govt to constitute a team which would start working on war-footings for producing a quality seed with more yield.

They suggested that seed development task should be given to the private sector and incentives should be announced for the scientists who would produce required seed. “Incentives should be declared prior to assigning this task as it will encourage our scientists to work with more zeal,” they observed.

REAP members proposed exploring the possibilities of entering into a Counter Trade Agreement with Iran on mutually preferential terms for purchase of oil and sale of agricultural products including rice without the need for any hard currency.

They stressed the need for making laboratory QRC Rice Inspection Cell more effective besides getting achieving any international accreditation for this lab so that its certification is accepted by the importing countries worldover.

On the occasion, TDAP Chairman Tariq Iqbal Puri said that TDAP is setting up a study group to look into the potential commodities and products, which can be exported to India.

This group will interact with all the stakeholders including rice exporters to conduct an in depth research on Indian market and propose a list of items, which can be exported to Indian market from Pakistan.

Replying to the points raised by rice exporters, TDAP chairman admitted that presently this trade needs quality seed producing good yield. He said that all the stakeholders have to sit together taking this single item agenda.

Puri also stressed the need for awareness of rice growers and said even best marketing can not produce desired results if the product is below quality. He assured the exporters to arrange a meeting with the State Bank of Pakistan (SBP) next week to seek some relief in mark-up on export refinance as proposed by some of the REAP members.

TDAP Chief Executive also agreed with the proposal of the REAP members for focusing on China and Russia besides some other countries for increased export of Basmati rice. He said incomes and purchasing power of Chinese and Russian people are on the rise and Pakistani exporters should work hard to make inroads in these markets. He observed every product from Pakistan can be sold in Chinese market.

Puri also hoped that the government can not ask TCP and Passco to intervene in rice market to avoid any artificial increase in the prices.

Indonesia will not import rice in 2012: Bulog

Posted by Flora Sawita Labels: Import, Indonesia, Rice

Indonesia will not import rice in 2012 and instead maintain high stock levels by buying 4 million tonnes of the staple grain from domestic sellers, state procurement agency Bulog said.

Southeast Asia's biggest economy and the world's third-largest rice grower, issued permits to import 1.9 million tonnes of rice last year, from Vietnam, Thailand and India.

"Our target in 2012 is no rice import," said Bulog's CEO Sutarto Alimoeso late on Wednesday.

"We are optimistic to procure all 4 million tonnes of rice domestically in 2012 - if the rice production target of 72.02 million tonnes can be achieved."

Indonesia's unmilled rice output is expected to rise 10 percent to 72.02 million tonnes this year as it expands plantation areas.

The world's most populous Muslim nation likes to keep large stocks of rice to guard against possible food inflation and production problems should they arise.

"In 2012 we also will distribute rice for the poor of 3.1 million tonnes," Alimoeso added.

"The rice will be distributed every month for the whole year."

Indonesia has about 240 million mouths to feed, with monthly rice consumption at around 2.7 million tonnes and growing.

The country was self-sufficient in rice in the early 1980s before farmland was turned into housing for a booming population, while rampant smuggling put pressure on local growers.

Indonesia will not import rice in 2012: Bulog

Posted by Flora Sawita Labels: Import, Indonesia, Rice

Indonesia will not import rice in 2012 and instead maintain high stock levels by buying 4 million tonnes of the staple grain from domestic sellers, state procurement agency Bulog said.

Southeast Asia's biggest economy and the world's third-largest rice grower, issued permits to import 1.9 million tonnes of rice last year, from Vietnam, Thailand and India.

"Our target in 2012 is no rice import," said Bulog's CEO Sutarto Alimoeso late on Wednesday.

"We are optimistic to procure all 4 million tonnes of rice domestically in 2012 - if the rice production target of 72.02 million tonnes can be achieved."

Indonesia's unmilled rice output is expected to rise 10 percent to 72.02 million tonnes this year as it expands plantation areas.

The world's most populous Muslim nation likes to keep large stocks of rice to guard against possible food inflation and production problems should they arise.

"In 2012 we also will distribute rice for the poor of 3.1 million tonnes," Alimoeso added.

"The rice will be distributed every month for the whole year."

Indonesia has about 240 million mouths to feed, with monthly rice consumption at around 2.7 million tonnes and growing.

The country was self-sufficient in rice in the early 1980s before farmland was turned into housing for a booming population, while rampant smuggling put pressure on local growers.

Vietnam Exported 7.11 Million Tons Rice in 2011, Group Says

Posted by Flora Sawita Labels: Rice, Vietnam

(Bloomberg) -- Vietnam, the world’s second-largest rice exporter, shipped 7.11 million metric tons in 2011, the Vietnam Food Association said.

Shipments were 376,365 tons in December, the association said in a statement on its website today.

Vietnam’s 2011 exports exceed the record 6.75 million tons that were shipped in 2010 according to the association. Shipments first surpassed the previous year’s total in the year to Dec. 8, the association said Dec. 12.

The country’s agricultural ministry said Nov. 30 Vietnam may ship 7.37 million tons in 2011.

--Nick Heath. Editor: Richard Dobson

To contact Bloomberg News staff for this story: Nick Heath in Hanoi at nheath2@bloomberg.net

To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net

Vietnam Exported 7.11 Million Tons Rice in 2011, Group Says

Posted by Flora Sawita Labels: Rice, Vietnam

(Bloomberg) -- Vietnam, the world’s second-largest rice exporter, shipped 7.11 million metric tons in 2011, the Vietnam Food Association said.

Shipments were 376,365 tons in December, the association said in a statement on its website today.

Vietnam’s 2011 exports exceed the record 6.75 million tons that were shipped in 2010 according to the association. Shipments first surpassed the previous year’s total in the year to Dec. 8, the association said Dec. 12.

The country’s agricultural ministry said Nov. 30 Vietnam may ship 7.37 million tons in 2011.

--Nick Heath. Editor: Richard Dobson

To contact Bloomberg News staff for this story: Nick Heath in Hanoi at nheath2@bloomberg.net

To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net

Indonesia Unhusked Rice Output 2012 May Reach 72.02 Million Tons

Posted by Flora Sawita Labels: Indonesia, Rice

By Eko Listiyorini

Jan. 2 (Bloomberg) -- Indonesia’s 2012 unhusked rice output is expected to reach 72.02 million tons, Minister of Agriculture Suswono told reporters today at a briefing in Jakarta.

To contact the reporter on this story: Eko Listiyorini in Jakarta at elistiyorini@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net

Indonesia Unhusked Rice Output 2012 May Reach 72.02 Million Tons

Posted by Flora Sawita Labels: Indonesia, Rice

By Eko Listiyorini

Jan. 2 (Bloomberg) -- Indonesia’s 2012 unhusked rice output is expected to reach 72.02 million tons, Minister of Agriculture Suswono told reporters today at a briefing in Jakarta.

To contact the reporter on this story: Eko Listiyorini in Jakarta at elistiyorini@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net

Iraq buys 150,000 tonnes of rice from Pakistan and India

Posted by Flora Sawita Labels: Import, Iraq, Rice

Iraq's state grain board has provisionally purchased about 150,000 tonnes of rice from Pakistan and India in an international tender for at least 30,000 tonnes which closed on December 18 with offers remaining valid until December 22, European traders said on Tuesday.

It was for shipment between late January and February 2012.

The award was said to have been split between four trading houses.

A range of prices was paid with the lowest said to be $512.63 a tonne c&f liner out.

"The tender awards were provisional and depending on quality tests being accepted," one trader said.

"Indian and Pakistani prices are currently highly-competitive in export markets but there are some quality concerns." Iraq bought 120,000 tonnes of rice from India and Pakistan in its last tender reported on December 7, with floods in Thailand restricting supplies from a traditional supply country.

But Iraq has been rejecting rice samples sent by suppliers in the December 7 purchase, traders said.

As shipments can only start when samples are accepted, the status of the December 7 purchases is unclear, traders said.

Iraq buys 150,000 tonnes of rice from Pakistan and India

Posted by Flora Sawita Labels: Import, Iraq, Rice

Iraq's state grain board has provisionally purchased about 150,000 tonnes of rice from Pakistan and India in an international tender for at least 30,000 tonnes which closed on December 18 with offers remaining valid until December 22, European traders said on Tuesday.

It was for shipment between late January and February 2012.

The award was said to have been split between four trading houses.

A range of prices was paid with the lowest said to be $512.63 a tonne c&f liner out.

"The tender awards were provisional and depending on quality tests being accepted," one trader said.

"Indian and Pakistani prices are currently highly-competitive in export markets but there are some quality concerns." Iraq bought 120,000 tonnes of rice from India and Pakistan in its last tender reported on December 7, with floods in Thailand restricting supplies from a traditional supply country.

But Iraq has been rejecting rice samples sent by suppliers in the December 7 purchase, traders said.

As shipments can only start when samples are accepted, the status of the December 7 purchases is unclear, traders said.

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