Mo12
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What bullshit! India sells rice to Pakistan. It was even said by Dawn newspaper.
Unless Pakistan buys India rice and give it to China.
China permits Indian basmati rice imports
- Thread starter JAT BALWAN
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What bullshit! India sells rice to Pakistan. It was even said by Dawn newspaper.
Unless Pakistan buys India rice and give it to China.
Abu Zolfiqar
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Mo12
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your people buy our rice and sell it as ''indian'' !
Link?
According to Dawn website:
Agha said if the government allows the import of Indian rice in to Pakistan, then our farmers should also be given the facilities matching with the subsidies being given to Indian farmers, so that our farmers are able to protect their livelihood. ‘Indian government is giving about $30 billion in subsidies to its farmers. The cost of urea and DAP is less than 50 per cent of the Pakistani prices and Indian farmers are also getting cheaper electricity and fuel.
Abu Zolfiqar
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refer to Page 10 of this PDF report - top of the page under section ''threats''
http://www.tdap.gov.pk/doc_reports/TDAP_REPORT_ON_POTENTIAL_MARKETS_OF_RICE.pdf?drgn=1
Devil Soul
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1st u need to watch ur tone/lingo kid, but than again what else can be expected from lot like u... 2ndly i'm not making this up.. HAVE A LOOK @ http://www.defence.pk/forums/economy-development/172131-india-pakistan-rice-supplies-ease-food-inflation-fears.html Which clearly states "Neighbouring Pakistan, which is expected to ship 3.8 million to 4.0 million tonnes in 2012, or an increase of at least 19 percent from 3.2 million last year, is cracking new markets with the sale of 200,000 tonnes to China and unconfirmed exports to the Philippines through unofficial channels."
NOW GROW UP
Viet
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Hi folks, let me add some facts into this hot discussion!
All figures are in thousand metric tons. Data for COUNTRY 2010*.
The top ten rice exporting countries:
Thailand 8,500
Vietnam 6,500
Pakistan 3,800
India 2,200
Cambodia 850
Uruguay 700
China 600
Egypt 600
Argentina 500
Brazil 400
The top ten rice importing countries:
Philippines 2,600
Nigeria 1,700
Iran 1,150
Saudi Arabia 1,100
Iraq 1,100
Malaysia 1,020
Cote d'Ivoire 860
South Africa 800
Indonesia 800
Brazil 800
* January/December year
Source: USDA
China's rice imports from Vietnam seen tripling
Monday, 19 March 2012 17:42
Posted by Shoaib-ur-Rehman Siddiqui
HANOI: China could see a three-fold jump in rice imports from Vietnam this year, industry officials said on Monday, as the world's biggest consumer steps up purchases to contain domestic prices.
The demand from China, coupled with an industry-led stockpiling campaign, is keeping a floor under Vietnamese paddy prices even as the harvest of the major crop is peaking in the Mekong Delta food basket.
Vietnamese exporters have sold about 500,000 tonnes of rice to China so far this year, with nearly half that volume already shipped, Vietnam Food Association Chairman Truong Thanh Phong told the farm ministry-run Vietnam Agriculture newspaper.
"The number of contracts of rice sold to China has been increasing quickly," an official of Vietnam Food Association told Reuters, confirming the media report.
China has been buying rice from Pakistan and Vietnam in recent months to keep a lid on domestic rice prices which have climbed on the back of government support to paddy farmers, traders said.
"There is no problem with domestic supply. I think the estimated large imports could be due to cheap prices," said an analyst with a Chinese official think-tank.
A Singapore-based rice trader added: "It is not clear how much China is going to buy as it started very quietly and it is going to end very quietly."
Chinese domestic milled rice was quoted at about 3,900 yuan ($619) per tonne in Guangxi, bordering Vietnam, compared with $430 per tonne for Vietnamese rice, according to the China National Grain and Oils Information Centre.
The price differential has led to about 400,000 tonnes of Vietnamese rice sold across the border to China via largely unregulated trades, the Vietnamese food association said.
VIETNAM COULD OVERTAKE THAILAND AS RICE EXPORTER
Last year, China imported 309,000 tonnes of rice from Vietnam, almost 150 percent more than the 124,500 tonnes bought in 2010, customs data shows. Exporters must register contracts with the food association to obtain shipping permits.
The forecast demand by China represents nearly 14 percent of the record 7.2 million tonnes Vietnam aims to export this year. If Vietnam does sell that much rice, it will overtake Thailand to become the world's largest rice exporter in 2012.
Thailand, which has been the world's biggest exporter for three decades, looks set to see exports fall sharply to 7 million tonnes at most due to high prices caused by government intervention to support millions of poor farmers.
Vietnamese 5 percent broken rice prices have risen to around $435 a tonne, up from around $405 a tonne few weeks ago, thanks to fresh demand from China as well as a government-sponsored stockpiling plan aimed to keep in stock 2 million tonnes of paddy for three months ending June 15.
"The prices are not likely to spike as there is a lot of rice in the world but it is certainly supporting the market," said a Bangkok-based trader. "We are looking at another $20 increase in Vietnamese prices."
On Monday, prices for Vietnam's winter-spring rice grade 1, used for processing the 5-percent broken variety for export, rose to 7,050-7,280 dong (33.8-34.9 US cents) per kg, up 3 percent from March 8, the day before the stockpiling plan.
The US Department of Agriculture has estimated China's milled rice production in 2011/12 at 140.5 million tonnes, up from 137 million tonnes a year ago.
China harvested a record 200.78 million tonnes of paddy in 2011, up 2.6 percent from 2010, according to official data.
The data also showed 2011 rice imports were 578,383 tonnes imported while exports stood at 515,497 tonnes.
China's rice imports from Vietnam seen tripling
All figures are in thousand metric tons. Data for COUNTRY 2010*.
The top ten rice exporting countries:
Thailand 8,500
Vietnam 6,500
Pakistan 3,800
India 2,200
Cambodia 850
Uruguay 700
China 600
Egypt 600
Argentina 500
Brazil 400
The top ten rice importing countries:
Philippines 2,600
Nigeria 1,700
Iran 1,150
Saudi Arabia 1,100
Iraq 1,100
Malaysia 1,020
Cote d'Ivoire 860
South Africa 800
Indonesia 800
Brazil 800
* January/December year
Source: USDA
China's rice imports from Vietnam seen tripling
Monday, 19 March 2012 17:42
Posted by Shoaib-ur-Rehman Siddiqui
HANOI: China could see a three-fold jump in rice imports from Vietnam this year, industry officials said on Monday, as the world's biggest consumer steps up purchases to contain domestic prices.
The demand from China, coupled with an industry-led stockpiling campaign, is keeping a floor under Vietnamese paddy prices even as the harvest of the major crop is peaking in the Mekong Delta food basket.
Vietnamese exporters have sold about 500,000 tonnes of rice to China so far this year, with nearly half that volume already shipped, Vietnam Food Association Chairman Truong Thanh Phong told the farm ministry-run Vietnam Agriculture newspaper.
"The number of contracts of rice sold to China has been increasing quickly," an official of Vietnam Food Association told Reuters, confirming the media report.
China has been buying rice from Pakistan and Vietnam in recent months to keep a lid on domestic rice prices which have climbed on the back of government support to paddy farmers, traders said.
"There is no problem with domestic supply. I think the estimated large imports could be due to cheap prices," said an analyst with a Chinese official think-tank.
A Singapore-based rice trader added: "It is not clear how much China is going to buy as it started very quietly and it is going to end very quietly."
Chinese domestic milled rice was quoted at about 3,900 yuan ($619) per tonne in Guangxi, bordering Vietnam, compared with $430 per tonne for Vietnamese rice, according to the China National Grain and Oils Information Centre.
The price differential has led to about 400,000 tonnes of Vietnamese rice sold across the border to China via largely unregulated trades, the Vietnamese food association said.
VIETNAM COULD OVERTAKE THAILAND AS RICE EXPORTER
Last year, China imported 309,000 tonnes of rice from Vietnam, almost 150 percent more than the 124,500 tonnes bought in 2010, customs data shows. Exporters must register contracts with the food association to obtain shipping permits.
The forecast demand by China represents nearly 14 percent of the record 7.2 million tonnes Vietnam aims to export this year. If Vietnam does sell that much rice, it will overtake Thailand to become the world's largest rice exporter in 2012.
Thailand, which has been the world's biggest exporter for three decades, looks set to see exports fall sharply to 7 million tonnes at most due to high prices caused by government intervention to support millions of poor farmers.
Vietnamese 5 percent broken rice prices have risen to around $435 a tonne, up from around $405 a tonne few weeks ago, thanks to fresh demand from China as well as a government-sponsored stockpiling plan aimed to keep in stock 2 million tonnes of paddy for three months ending June 15.
"The prices are not likely to spike as there is a lot of rice in the world but it is certainly supporting the market," said a Bangkok-based trader. "We are looking at another $20 increase in Vietnamese prices."
On Monday, prices for Vietnam's winter-spring rice grade 1, used for processing the 5-percent broken variety for export, rose to 7,050-7,280 dong (33.8-34.9 US cents) per kg, up 3 percent from March 8, the day before the stockpiling plan.
The US Department of Agriculture has estimated China's milled rice production in 2011/12 at 140.5 million tonnes, up from 137 million tonnes a year ago.
China harvested a record 200.78 million tonnes of paddy in 2011, up 2.6 percent from 2010, according to official data.
The data also showed 2011 rice imports were 578,383 tonnes imported while exports stood at 515,497 tonnes.
China's rice imports from Vietnam seen tripling
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