{"id":11073,"date":"2023-11-22T04:48:29","date_gmt":"2023-11-22T04:48:29","guid":{"rendered":"https:\/\/ricenewstoday.com\/?p=11073"},"modified":"2023-11-22T04:48:37","modified_gmt":"2023-11-22T04:48:37","slug":"global-buyers-scout-for-indian-brown-rice-as-vietnam-begins-importing","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/global-buyers-scout-for-indian-brown-rice-as-vietnam-begins-importing\/","title":{"rendered":"Global buyers scout for Indian brown rice as Vietnam begins importing\u00a0"},"content":{"rendered":"\n<p>Thailand launches scheme to help its farmers hold back their produce until April.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/14-10-STANDALONE_A-1024x576.webp\" alt=\"\" class=\"wp-image-11074\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/14-10-STANDALONE_A-1024x576.webp 1024w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/14-10-STANDALONE_A-600x338.webp 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/14-10-STANDALONE_A-300x169.webp 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/14-10-STANDALONE_A-768x432.webp 768w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/14-10-STANDALONE_A.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>The development comes at a time when India has banned exports of white rice, except for government-to-government deals, and imposed 20 per cent export duty on parboiled consignments from the country | Photo Credit: SANDEEP SAXENA<\/p>\n\n\n\n<p>Buyers of Indian non-basmati rice are now scouring for brown rice, particularly the Swarna variety, with rice supplies tightening up on the global market, exporters say. \u201cThe Swarna variety is a short length variety of 5.2 mm. Vietnam has begun to buy it,\u201d said VR Vidya Sagar, Director, Bulk Logix.&nbsp;<\/p>\n\n\n\n<p>\u201cWe are getting enquiries for brown rice, though we haven\u2019t struck any deal as yet,\u201d said M Madan Prakash, President, Agricultural Commodities Exporters Association (ACEA). Prakash\u2019s firm Rajathi Group exports rice, onion and maize (corn).&nbsp;<\/p>\n\n\n\n<p>\u201cBrown rice is considered at par with parboiled. So, its export is allowed but at a 20 per cent export duty,\u201d said Delhi-based exporter Rajesh Paharia Jain.&nbsp;<\/p>\n\n\n\n<p>Sagar and Jain said brown rice was commanding $500 a tonne f.o.b. \u201cOnly Vietnam has begun buying so far,\u201d Jain said.&nbsp;Sagar said at least 5,000 tonnes could have been shipped to Hanoi so far.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Thai subsidy scheme<\/h5>\n\n\n\n<p>The development comes at a time when India has banned exports of white rice, except for government-to-government deals, and imposed 20 per cent export duty on parboiled consignments from the country. It has also fixed $950 a tonne as the minimum export price for Basmati rice shipments.&nbsp;<\/p>\n\n\n\n<p>Besides Indian export curbs, the global rice market has been starved of supplies with Thailand now providing subsidies to its paddy farmers to hold back their produce at least until March 2024.<\/p>\n\n\n\n<p>The Thailand Cabinet has approved a 55 billion baht (\u20b913,030 crore) scheme to hold back their paddy for at least five months.&nbsp;<em>Bangkok Post&nbsp;<\/em>reported that loans have also been approved for cooperatives to buy the paddy.&nbsp;<\/p>\n\n\n\n<p>Farmers holding back their produce would be paid 12,000 baht (\u20b928,450) and an additional 1,500 baht (\u20b93,550) for storage. The plan is to hold back 3 million tonnes so that domestic prices of the cereal will not surge.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Prices firm up<\/h5>\n\n\n\n<p>The US Department of Agriculture has estimated Thailand\u2019s rice production at 19.5 million tonnes (mt) for the 2023-24 season against 20.91 mt in the previous one.&nbsp;\u201cThailand\u2019s move is a clear indication that a clear picture of the global rice market will be available only around April. India should wait until then before reviewing the curbs,\u201d said trade analyst S Chandrasekaran.<\/p>\n\n\n\n<p>He also called for \u201coccasional\u201d scrutiny of Basmati rice shipments since unscrupulous elements could over-invoice non-basmati white rice and export it.&nbsp;<\/p>\n\n\n\n<p>Thailand\u2019s scheme has resulted in rice prices firming up in the global market, apart from Indian rice crop facing weather woes.&nbsp;\u201cTwo weeks ago, parboiled rice prices were around $490\/tonne. Now, they have increased to $510-515,\u201d said Bulk Logix\u2019s Sagar.&nbsp;It is still competitive compared to Thailand\u2019s $585 and Pakistan\u2019s $546-550.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Tardy FCI buy<\/h5>\n\n\n\n<p>But prices could head south since the Food Corporation of India (FCI) is saddled with huge stocks, he said.&nbsp;<\/p>\n\n\n\n<p>As of November 1, FCI had 20.04 mt of rice stocks, higher than 16.6 mt a year ago. Stocks are higher despite FCI procurement this marketing year from October being 4.4 per cent lower at 16.13 mt.&nbsp;<\/p>\n\n\n\n<p>Trade sources said FCI\u2019s rice procurement has been tardy and a clear picture will emerge around the third week of December.&nbsp;<\/p>\n\n\n\n<p>According to National Centres of Environmental Information, an arm of US weather agency National Oceanic and Atmospheric Administration, at least 26 per cent of India is under drought. The NCEI pointed to reports that said South-East Asia is also reeling under drought due to the El Nino weather phenomenon.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">El Nino impact<\/h5>\n\n\n\n<p>In particular, it said Indonesia\u2019s rice production will likely drop by 2 per cent to 30.90 mt. Other reports said Thailand is attempting cloud seeding though its Agriculture Ministry is worried over El Nino impact on rice production.&nbsp;<\/p>\n\n\n\n<p>El Nino has impacted India\u2019s south-west monsoon as a result of which it ended up in a nearly 6 per cent deficit. However, the rains have not been evenly spread, affecting kharif crops as a result.&nbsp;<\/p>\n\n\n\n<p>The Ministry of Agriculture has estimated kharif rice production at 106.31 mt this year compared with 110.51 mt last year. India\u2019s rice export curbs are to ensure domestic food security.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thailand launches scheme to help its farmers hold back their produce until April. The development comes at a time when India has banned exports of white rice, except for government-to-government deals, and imposed 20 per cent export duty on parboiled consignments from the country | Photo Credit: SANDEEP SAXENA Buyers of Indian non-basmati rice are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11074,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[46,167,159],"class_list":["post-11073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-asian-rice","tag-indian-rice","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Global buyers scout for Indian brown rice as Vietnam begins importing\u00a0 - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global buyers scout for Indian brown rice as Vietnam begins importing\u00a0 - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Thailand launches scheme to help its farmers hold back their produce until April. The development comes at a time when India has banned exports of white rice, except for government-to-government deals, and imposed 20 per cent export duty on parboiled consignments from the country | Photo Credit: SANDEEP SAXENA Buyers of Indian non-basmati rice are [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ricenewstoday.com\/dev\/global-buyers-scout-for-indian-brown-rice-as-vietnam-begins-importing\/\" \/>\n<meta property=\"og:site_name\" content=\"Rice News Today\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-22T04:48:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-22T04:48:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/14-10-STANDALONE_A.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Developer Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Developer Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-buyers-scout-for-indian-brown-rice-as-vietnam-begins-importing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-buyers-scout-for-indian-brown-rice-as-vietnam-begins-importing\/\"},\"author\":{\"name\":\"Developer Team\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd\"},\"headline\":\"Global buyers scout for Indian brown rice as Vietnam begins importing\u00a0\",\"datePublished\":\"2023-11-22T04:48:29+00:00\",\"dateModified\":\"2023-11-22T04:48:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-buyers-scout-for-indian-brown-rice-as-vietnam-begins-importing\/\"},\"wordCount\":740,\"publisher\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#organization\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-buyers-scout-for-indian-brown-rice-as-vietnam-begins-importing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/14-10-STANDALONE_A.webp\",\"keywords\":[\"Asian Rice\",\"indian rice\",\"Global Rice News\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/global-buyers-scout-for-indian-brown-rice-as-vietnam-begins-importing\/\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/global-buyers-scout-for-indian-brown-rice-as-vietnam-begins-importing\/\",\"name\":\"Global buyers scout for Indian brown rice as Vietnam begins importing\u00a0 - 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