For the agricultural sector, the subsidy was cut by Tk3,000cr to Tk9,000cr in the revised budgetary outlay as fertiliser prices fell in the international market
HYBRID RICE producer SL Agritech Corp. has signed a memorandum of agreement with Bangladesh’s EnP Solutions Ltd for trial production there of one of its seed varieties.
Bangladesh received a lowest offer of $406.48 a tonne CIF liner out from Singapore-based Agrocorp International in a tender that opened on Sunday to import 50,000 tonnes of white rice, officials at the state grains buyer said.
Five traders competed for the tender issued by the Directorate General of Food at a time when local rice prices have reached record highs and state reserves are at 10-year lows.
Other offers in a tonne CIF liner out were: LDC $413.13, Olam $413.90, Phoenix $421.00 and Desh Trading $446.70, the officials said.
One trader said the origin of the lowest offer was not known but was likely to be from Vietnam.
A Bangldesh delegation was in Vietnam last week to finalise imports of the staple grain in a government-to-government deal, Food Ministry officials said.
Vietnamese rice prices this week hit their highest in over a year on expectations of strong demand from top importing countries such as Bangladesh and the Philippines.
The state grains buyer earlier this month said it would ship in 600,000 tonnes of rice, initially issuing two tenders for a total of 100,000 tonnes of rice, its first such tenders since 2011.
In its first tender that opened last week, it received a lowest offer of $427.85 a tonne CIF liner out from Dubai-based Sukhbir Agro Energy to import 50,000 tonnes of parboiled rice.
Bangladeshis buy the poorest quality of rice at the highest prices in the world.According to the government, a kilogramme of a coarse variety of rice is being sold at Tk 48, setting a new record in the country's economy. Another South Asia nation, Pakistan, stood second on the chart, but its nationals buy the same variety of rice at Tk 10 less than in Bangladesh. Analysing information from three agencies, it has been observed that rice prices have consistently been rising for the last one year. According to the Trading Corporation of Bangladesh (TCB), in the past month, the price of rice has increased by 11 per cent and prices have doubled in the past one year. Economists say this is due to wrong policies and not taking proper steps in this regard. Asked about the rise in rice prices, food minister Quamrul Islam did not make any specific comment on it. "I've just come from Vietnam after signing an agreement for rice procurement. I am unable to comment on the price of rice in Bangladesh right now. International rates of rice According to a daily report published by the food ministry, Vietnam is now selling rice at the cheapest rates in the world. The price of a kilogramme of rice is Tk 33. 62 there. In neighbouring India, the price of a kilogramme of rice is Tk 34, Tk 37.81 in Thailand, and Tk 38. 54 in Pakistan. Outside this region, the world's largest rice producing countries -- China, Indonesia, and the United States -- do not export rice to international markets. Rather, they import rice. In the international rice market, rice is being sold at the highest price in Bangladesh. But, it is also true that rice prices are on the rise internationally as well. According to 'Agri Market', a Food and Agriculture Organization (FAO) report, in the past week, rice prices have risen in all countries except Vietnam. Thailand has increased rice prices by 5.77 per cent, while India has raised rice prices by 1.4 per cent, and Pakistan by 2 per cent. According to the FAO's April report, world rice production will decline by 6 million tonnes this year compared to last year. As much as 173.3 million tonnes of rice was produced in 2015-116 fiscal. It is expected to go down 2 million tonnes this year. Rice prices break all record International Food Policy Research Institute (IFPRI) said rice prices rose to Tk 38 per kg in October, 2016 in Bangladesh. During the last caretaker government regime in 2008, a kilogramme of rice price shot up to Tk 36 per kg. Then, the rice prices started falling after bumper production of rice in 2009 that brought the rice price down to Tk 26 per kg in 2012. The rice prices continued to increase again after the Bangladesh Awami League came to power for the consecutive second term in 2014. Although keeping the rice price within the reach was one of the main election promises of the AL in 2014, the rice price rose to Tk 30 per kg and it went up to Tk 33 in 2015. *This piece, originally published in Prothom Alo Bangla print edition, has been rewritten in English by Toriqul Islam.
'Some dishonest traders and mill owners are involved in the destablisation of the market'
Also Read- Food minister: Price of coarse variety rice will not further increase
However, the officials of the Department of Agricultural Extension told the Dhaka Tribune, “Around 300,000 hectares of Boro field has destroyed in the haor due to the flash flood which counts around 12 lakh tons of rice.” In addition, a vast stretches of Boro field has damaged by the attacks of blast, which also reduces the total production of paddy in the current Boro season. Agricultural economist Quazi Shahabuddin believes that the country will see around 20 lakh tons of Boro rice loss in this season, while the last years production was 1.87 crore tons. According to the Food Ministry, the government’s rice reserve came down to 262,000 tons on May 7. In May last year this reserve was about 678,000 tons. According to the food ministry’s document, the government needs at least 483,000 tons of rice by June 30 to meet the demand of different social safety net programmes including vulnerable group feeding (VGF) and Open Market Sale (OMS), especially in the Haor basins where food shortage is threatening to become acute. To tackle the situation, the government has already decided to import a total of 600,000 tons of rice to make the reserve sufficient. Primarily, it has put out tender to procure 100,000 tons of rice, something it has not done in the last six years. Asked about the allegation of corruption in wheat procurement, the rice minister admitted that the government had failed to control those middlemen who were misusing the farmers’ cards.
Govt to cut rice import duty5/3/2017 The New Nation (Bangladesh) Dhaka, May 3 -- In the backdrop of huge damage of boro paddy due to flash flood in the north-east haor regions, the government is set to slash import duty on rice, sources said. The Directorate of Food has recently sent a proposal to the Food Ministry recommending the duty cut by 14 percent. According to the proposal, the Department apprehended losses of six lakh tonnes of Boro rice, which was unpredictable. It suggested bringing down the import duty to 10 per cent from the existing 28 per cent. According to the Food Ministry official, the proposal has already been sent to the Commerce Ministry and it would go to the NBR through the Ministry for maintaining the formalities. 'We have sent a proposal to the Food Ministry for cutting rice import duty as the rice price has increased in the local market because of a "real" and "psychological" impact of flash flood on the market,' said Md Badrul Hasan, Director General of the Food Directorate. The government imposed import duty on rice in May 2015 for the protection of local farmers as the prices of the item went down below the production cost due to import of lower-priced rice,' he said. Although losses of six lakh tonnes of rice is being apprehended, there will be no shortage of rice, he said. 'But it has a psychological impact which might push up the price of the item in the local market.' It has not yet been decided whether the public or the private sector would import the rice. 'If we can import, the psychological impact could be managed and the prices of rice will remain stable,' he said. Badrul Hasan, however, said, generally the prices of rice start to decrease in the market from mid April every year as the boro rice produced in haor region arrives in the market. But this year the price of rice increased in mid April as the flash flood damaged crops in haor areas, he added. According to the Trading Corporation of Bangladesh data, the price of coarse variety of rice in last one year increased by 31.82 per cent to Tk 45 a kg from Tk 34 a kg. The coarse variety of rice was selling at Tk 43-45 in the city markets on Tuesday. The price of BR-28 rice and Miniket rice continued to increase and coarse variety of Miniket rice was retailing at Tk 52-54 a kg, while its fine variety was selling at Tk 55-57 a kg in the city markets. BR-28 rice was retailing at Tk 48-52 a kg.
Bangladesh plans to begin turning some of the grain it produces into ethanol to make its fuel greener – but economists and experts warn the move could hurt food security in a country that is already a grain importer.Energy ministry officials said in a gazette notification early this year that the country will begin using maize, broken rice grains and molasses to produce ethanol to mix with petrol fuel at a 5 percent ratio. But in a heavily populated country that produces relatively little in the way of climate-changing emissions and that already relies on imports of maize and other grains, the result could be rising food prices, especially for the poor, economists, business leaders and environmental experts warned. Moshiur Rahman, who convenes the Bangladesh Poultry Industries Coordination Committee, called the move to begin using grain for fuel “suicidal”. Much of Bangaldesh’s maize is used to feed animals, including chickens. But the country grows only half of the maize it needs, importing the rest from the United States and Brazil, he said, which means rising demand could mean rising prices. “Maize prices will go up if it is used for ethanol production. The price of eggs and chicken will go beyond the reach of common people,” Rahman warned. He said growing concerns about food security have led other countries – including China – to stop giving permission for new biofuel projects. Food to fuel According to a study by Bangladesh’s energy ministry, the country could produce 18 million liters of ethanol a year, or about 75,000 liters each working day. That would require 60,000 tonnes of broken rice each year – about 3.5 percent of the country’s total production. Alternately the county could produce the ethanol with 62,000 tonnes of maize (2.8 percent of production) or 97,000 tonnes of molasses (nearly all of the country’s production). The study warned that if the government scales up ethanol production beyond those levels, it will raise demand for grain to the point that it could hurt food security. But junior energy minister Nasrul Hamid told the Thomson Reuters Foundation by telephone that Bangladesh needs to go for greener and more varied fuels in the future, like other nations. “So, we are exploring the possibility of using bio-ethanol with other fuels. You can’t remain out from the global trend of energy use,” he said. He confirmed the ministry plans to give permission for ethanol production, and then would judge from early experience whether to scale up the experiment. “Yes, we are going to give permission for bio-fuel soon. Let’s see what happens first. Its impact on food security will be considered then,” Hamid said. But others warn that Bangladesh has decided to burn food grains to produce ethanol without taking into consideration the food security of its 160 million people. That is a particular worry in a low-lying country that faces severe climate change threats, including loss of crops and crop land to worsening salt-water intrusion, droughts, floods, storms, sea level rise and erosion. Already many people face daily hunger and can manage meals only once or twice a day, experts say. Last year, Bangladesh ranked in the top 25 percent of the world’s most hungry countries, according to the Global Hunger Index of the International Food Policy Research Institute. Bangladesh today produces about 1.8 million tonnes of broken rice, about 100,000 tonnes of molasses and less than half the 6 million tonnes of maize it needs each year, according to the country’s Energy Ministry. Besides being used as livestock food, maize is eaten by poorer people, mixed with flour as a cereal or made into biscuits. Lower-income people also eat broken rice for breakfast and make it into cakes. But prices for the grains are rising. A kilogram of coarse rice is now being sold at 42 taka (50 cents) in Dhaka, up 25 percent in price from a year ago, according to the government Trading Corporation of Bangladesh. Rising food prices are a major concern, with a growing portion of people’s earnings now being spent on food. The country’s food inflation rate in February was 6.8 percent, up from a record low of 3.8 percent a year ago. About 13 percent of Bangladesh’s people fall below the national poverty line of $2 per day, according to World Bank data. The country produces about enough rice to meet demand but imported 4.5 million tonnes of wheat last year to meet demand for that grain, according to the country’s food ministry. Wrong-headed decision? Despite rising demand for food, Khan Md Aftabuddin, managing director of Sunipun Organics Ltd. – the company that first applied for government permission for ethanol production – said turning grain into fuel would not pose any threat to food security for Bangladesh. He said the byproducts of ethanol production could be used as poultry or fish food, and that more maize could be grown on delta islands if demand for it rises. “If needed, we will produce maize in char lands of the country as raw material for our plant,” Aftabuddin said. Bangladesh needs to turn to renewable energy to keep its environment clean, he said. But Mohammad Moinuddin Abdullah, secretary to the Ministry of Agriculture, said creating fuel using maize – which is increasingly being imported to make up for rice and wheat shortfalls – doesn’t seem to make sense. “I do not see any valid reason for using maize and broken rice for ethanol production,” he said. M. Asaduzzaman, a fellow of the Bangladesh Institute of Development Studies and a member of the country’s climate change negotiations team, said he also disagreed with the move toward producing ethanol from grain. “We have tremendous difficulties in livestock nutrition. If maize is now used to produce ethanol, the cost of livestock production will go further up causing further animal protein deficiency,” said Asaduzzaman, also a former vice chairman of the International Commission on Sustainable Agriculture and Climate Change. “This is a wrong-headed decision,” he said. Bangladesh’s per capita carbon emissions are tiny compared to those of more developed countries, and should not be as great a concern as protecting food security, he said. “When we can’t meet basic nutritional need, we don’t need to go for clean energy,” he said. Khondaker Golam Moazzem, a research director at the Centre for Policy Dialogue, a Dhaka-based think tank, told the Thomson Reuters Foundation that he is concerned that ethanol production, once started, could be scaled up in the future, particularly if oil prices eventually rise. That could lead to more demand for maize and for land to grow it. “Then, staple food production will be hampered since Bangladesh suffers from acute farmland scarcity,” he warned.
No let-up in rice price hike despite record Aman output
Bangladesh Triples Rice Production with Help of Nuclear Science: Conference on Technical Cooperation
Irradiating seeds has proven to be a ready to use and flexible way to develop better crops”Binadhan-7 is one of several rice varieties developed by the scientists at the Bangladesh Institute for Nuclear Agriculture (BINA), with the support of the IAEA and the Food and Agriculture Organization of the United Nations (FAO). It was developed through a process using radiation called plant mutation breeding (see Plant mutation breeding), and has since become a popular rice variety in the northern part of the country where it has helped farmers and workers stabilize their income and find year-long employment. Globally more than 3 000 plant varieties have been developed and released using plant mutation breeding techniques. These mutant varieties will continue to play a key role in meeting global food demands as the world's population rapidly grows and environmental conditions become more challenging. They can also help in averting famine, a major global problem recently highlighted by United Nations Secretary-General Antonio Guterres. “Many scientists around the world turn to plant mutation breeding because it allows them to harness a natural process toward more quickly homing in on and cultivating desirable characteristics in plants,” said Ljupcho Jankuloski, Acting Head of the Plant Breeding and Genetics Section of the Joint FAO/IAEA Division of Nuclear Techniques in Food and Agriculture. “This method saves time and money for researchers, while resulting in the kinds of plants farmers need to cost-effectively keep food on the table and money in their pockets. For many farmers, these plant varieties are a game changer.”
Plant mutation breeding
Welcome to Rice News Today!
The access to our website is free and will remain free always for most of the contents.
However, you need to create a new account to access the website. It will not take much of your time to create a new account and you will have an access to your favorite website to browse rice news, quick stats, latest stats on basmati, downloads and a lot more at one-place!
Thanks & have nice rice news today exploring!