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GOVT RULES OUT TRADE IN WHEAT, RICE FUTURES (India)

Posted by Gilmour Poincaree on January 22, 2009

22 Jan 2009, 0126 hrs IST

REUTERS

PUBLISHED BY ‘ECONOMIC TIMES’ (India)

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PUBLISHED BY ‘ECONOMIC TIMES’ (India)

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Posted in AGRICULTURE, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDIA, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RICE, STOCK MARKETS, THE FLOW OF INVESTMENTS | 1 Comment »

TODAY’S SPECIAL: ASK FOR LESS RICE AND SAVE $1 (China – Hong Kong)

Posted by Gilmour Poincaree on January 20, 2009

Monday, January 19, 2009

by Diana Lee

PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

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PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)

Posted in CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOOD PRODUCTION (human), HONG KONG, INTERNATIONAL, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, RICE, THE WORKERS | Leave a Comment »

RICE SUPPLY STABLE (Philippines)

Posted by Gilmour Poincaree on January 16, 2009

January 16, 2009 05:49 PM Friday

by Joel dela Torre

PUBLISHED BY ‘JOURNAL ON LINE’

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PUBLISHED BY ‘JOURNAL ON LINE’

Posted in AGRICULTURE, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOOD PRODUCTION (human), INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, PHILIPPINES, RECESSION, RICE, THE FLOW OF INVESTMENTS | Leave a Comment »

IFUGAO READY TO IMPLEMENT FAO RICE TERRACES PROJECT – TO CONSERVE AND MAKE MOUNTAINSIDE FARMS ECONOMICALLY VIABLE (Philippines)

Posted by Gilmour Poincaree on January 3, 2009

Saturday, January 3, 2009

by Charissa M. Luci

PUBLISHED BY ‘THE MANILA BULLETIN’ (Philippines)

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PUBLISHED BY ‘THE MANILA BULLETIN’ (Philippines)

Posted in AGRICULTURE, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECOLOGICAL AGRICULTURE, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOOD PRODUCTION (human), INDUSTRIES, NATIONAL WORK FORCES, PHILIPPINES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RICE, THE FLOW OF INVESTMENTS | Leave a Comment »

ENOUGH SUPPLY OF RICE FOR NEXT YEAR ASSURED – PRESIDENT GLORIA MACAPAGAL-ARROYO ON FRIDAY ASSURED THAT THERE WOULD BE NO RICE SHORTAGE NEXT YEAR (Philippines)

Posted by Gilmour Poincaree on December 27, 2008

Saturday, December 27, 2008 – Manila – Philippines

Associated Press

PUBLISHED BY ‘BUSINESS WORLD’ (Philippines)

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PUBLISHED BY ‘BUSINESS WORLD’ (Philippines)

Posted in AGRICULTURE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOOD INDUSTRIES, FOOD PRODUCTION (human), INDUSTRIES, INTERNATIONAL, PHILIPPINES, RECESSION, RICE, THE FLOW OF INVESTMENTS | Leave a Comment »

ARROZ: RS INAUGURA UNIDADE DE BENEFICIAMENTO DE ORGÂNICO (Brazil)

Posted by Gilmour Poincaree on December 21, 2008

19/12/2008 – 17:36

C. B. L.

PUBLISHED BY ‘SAFRAS & MERCADO’ (Brazil)

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PUBLISHED BY ‘SAFRAS & MERCADO’ (Brazil)

Posted in A INDÚSTRIA DE ALIMENTOS, AGRICULTURA, AGRICULTURA SUSTENTÁVEL, AGRICULTURE, BRASIL, CIDADANIA, CIDADES, COMMERCE, COMMODITIES MARKET, DEFESA DO CONSUMIDOR - BRASIL, DEFESA DO MEIO AMBIENTE - BRASIL, ECOLOGICAL AGRICULTURE, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, ENVIRONMENT, EXPANSÃO AGRÍCOLA, EXPANSÃO ECONÔMICA, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FLUXO DE CAPITAIS, FOOD PRODUCTION (human), HEALTH SAFETY, INDUSTRIES, INTERNATIONAL, O PODER EXECUTIVO ESTADUAL, O PODER LEGISLATIVO ESTADUAL, O PODER LEGISLATIVO MUNICIPAL, OS GOVERNADORES, POLÍTICA REGIONAL, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RICE, RS, THE FLOW OF INVESTMENTS | Leave a Comment »

IRRIGATION ADVANCES – CAMBODIAN RICE DREAM

Posted by Gilmour Poincaree on December 16, 2008

THURSDAY – OCTOBER 13, 2008 – PHILIPPINES

PUBLISHED BY ‘THE MALAYA NEWS’ (Philippines)

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PUBLISHED BY ‘THE MALAYA NEWS’ (Philippines)

Posted in AGRICULTURE, ECONOMY, RICE, VIETNAM | Leave a Comment »

FOOD SAFETY ISSUES HINDER RICE EXPORTS – There are several problems facing the export of rice, one of the cash crops that local peasants prefer cultivating compared to cotton and wheat. Recently China has imposed a ban on imports of Egyptian rice

Posted by Gilmour Poincaree on December 13, 2008

December 10, 2008

by Amina Abdul Salam

PUBLISHED BY ‘THE EGYPTIAN GAZETTE’

The reasons behind the ban are related to the use of herbicides, in addition to safety procedures that should be taken in the last stage of the harvest, but which were not made, according to Chinese authorities.

This has prompted Egyptian Minister of Agriculture Amin Abaza to ask the Central Administration of the Agriculture Quarantine to invite a formal Chinese delegation to discuss this issue with Chinese agencies.

A study, conducted by Egyptian agronomists Ali Abdul Rahman and Inas Saleh, has found that although international trade began to expand rapidly in the 1970s in the developed countries, developing countries have recently come to dominate a large part of the agricultural trade. Although fast growing, the international exchange trade has started to slow owing to fierce competition over agricultural production, according to the study. The slowdown is also related to an increase in restrictions representing in health conditions imposed by some countries, which aim at protecting their agricultural produce. Therefore, the health conditions have become legal obstacles, similar to the customs obstacles, many of which were unjustifiably imposed on global trade, the study noted. The study also showed that the previous restrictions were drawn up by some countries, not for the purpose of protecting their produce but in response to political activities practised by those who benefit from these curbs.

Therefore, recognition of the previous conditions led to a resistance of applying health specifications, which were one of the main topics of agenda of the trade negotiations, according to the same study. Otherwise, the exporting country has a right to object to health procedures drawn up by the importer in case the first part asserted the previous procedures had no scientific justification. The complainant should settle the issue with the other country. Rice accounts for around 40 per cent of Egypt’s farm exports.In a report on development and agricultural exports, leading Egyptian expert Abdul Salam Gomaa stressed the importance of paying more attention to organic agricultural products that depend on biological fertilizers so as to cope with market demands.

The report called for a gradual expansion of using organic fertilizers and the necessity of developing programmes of agrarian guidance and linking it with research as well as beginning transforming technology to old and new agricultural lands.Concerning new trends in using undated organic technology in the agricultural field, professor Magda Sabour at the Agricultural Research Centre believes that organic cultivation aims at preserving the environmental and biological safety of living creatures.

She notes that organic agriculture depending on biological methods can combat pests that destroy plants, in addition to producing healthy and safe food. On cereal storage, such as rice, a professor of entomology at the same centre in Giza, Shadia Abdul Aziz says that the peasant should protect his crop, following the harvest, not only to reduce waste, and it is his legal responsibility as well. As for destroying insects in cereals, she explains that the insects make the crop unfit for human consumption. “Therefore strict safety and protection measures should be followed at storehouses, taking into consideration the necessity of preventive steps against the occurrence of infection.”

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PUBLISHED BY ‘THE EGYPTIAN GAZETTE’

Posted in AGRICULTURE, CHINA, COMMERCIAL PROTECTIONISM, COMMODITIES MARKET, ECOLOGICAL AGRICULTURE, ECONOMIC CONJUNCTURE, ECONOMY, EGYPT, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FOOD PRODUCTION (human), FOREIGN POLICIES, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RICE, THE FLOW OF INVESTMENTS | Leave a Comment »

OILS, OILSEEDS SLIP FURTHER ON NEGATIVE OVERSEAS ADVICES – Grains and non-ferrous metals presented mixed signals (India)

Posted by Gilmour Poincaree on November 17, 2008

16 Nov 2008, 0143 hrs IST, AGENCIES

NEW DELHI: The Delhi oil and oilseeds market remained depressive past week following discouraging VEGETABLE OILS - Indiaoverseas advices coupled with increased arrivals from producing centres. With the CPO (crude palm oil) in Malaysia down by $ 25 to $ 450 per tonne and Chicago soya oil futures tumbling to around 250 cent this led to nervous selling by stockists easing prices of all major edible oil on the Delhi wholesale market.

According to marketmen, increased arrivals of soya seed at crushing units also had a deep impact on edible oil prices. Soya seed which was quoting at Rs 1550/1600 per quintal in producing centres fell to Rs 1480/1500 per quintal.

Prices in Ratlam and Neemuch were seen quoting even lower at Rs 1375/1400 per quintal leading to sharp fall in soya oil prices. With soya oil in Indore down by Rs 350 to Rs 4000 per quintal its prices in Delhi also declined from Rs 4800 to Rs 4500 per quintal following heavy selling by stockists.

Cottonseed oil slumped to a low of Rs 4050, losing Rs 250 per quintal tracking the weak trend prevailing in Punjab where cottonseed oil prices came crashing down to Rs 3900 per quintal.

Sesame oil was also hit by selling pressure with prices easing by Rs 100 to Rs 4250 per quintal even as sesame seed held strong. Mustard seed slipped by Rs 25/50 to Rs 2900/3100 per quintal on weak demand.

GRAINS & PULSES

The Delhi wholesale grains and pulses market ruled mixed past week on the back of mixed signals from upcountry market centres. Tight inventory in roller flour mills appreciated mill-quality wheat Rs 56/58 to Rs 1150/1156 per quintal following spurt in demand.

Atta (wheat flour) was also quoting upward by Rs 30/35 at Rs 620/625 per 50 kg on heavy buying by local stockists and retailers. Wheat bran firmed by Rs 20 at Rs 430/450 per 50 kg on increased offtake by upcontry centres.

Fine rice 1121 average quality held steady at Rs 5900/6000 per quintal, while rice steam was quoting at Rs 6500/7000 per quintal end week. According to marketmen, sustained arrivals of fine paddy at mills in Haryana eased Paddy grade 1121 from Rs 3000/3100 to Rs 2800/2900 per quintal.

NON-FERROUS METALS

The Delhi non-ferrous metals market observed mixed trends past week. While Nickel and Tin closed firm in tune with the LME (London Metal Exchange) trend copper, brass and aluminium incurred losses. Nickel Russian Plate spurted by Rs 20 to Rs 765/775 per kg on hectic buying by stockists and speculators as nickel on LME rose from $ 11550 to $ 11578 per tonne.

Inco nickel was also quoting upward by Rs 10 at Rs 865 per kg. Lead desi soft and hard edged up by Re 1 to Rs 86.50 and Rs 85/89 per kg following firm LME lead which moved up by $ 40 to $ 1332 per tonne. Brass parts, huny scrap and sheet tumbled by Rs 7/8 to Rs 183, 186 and Rs 184 per kg respectively amid increased arrivals from Pune and Hyderabad.

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PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)

Posted in AGRICULTURE, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, GRAINS, INDIA, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MALAYSIA, METALS, RICE, WHEAT | Leave a Comment »

CHINA’S JOURNEY TO THE DARK AGES – Biggest cities becoming murky as smog clouds block up to 25 per cent of sun, UN study finds

Posted by Gilmour Poincaree on November 15, 2008

November 14, 2008 at 4:28 AM EST

by Geoffrey York

From Friday’s Globe and Mail

BEIJING — In the skies over China and South Asia, the sun itself is disappearing. The biggest cities are SMOG IN BEIJINGbecoming darker as they fall beneath a vast brown cloud of soot, and even North America is vulnerable to the drifting toxic cloud.

That’s the conclusion of a new United Nations study: that warns that the smog clouds have become so enormous they could kill 340,000 people annually in China and India.

The study says the toxic clouds – more than three kilometres thick – are contributing to a huge range of dangerous effects: extreme weather; damage to crops; melting of glaciers; the dimming of big cities; shifts in rainfall; massive economic losses; higher food prices; and a growing number of human deaths from respiratory and cardiovascular diseases.

Up to 25 per cent of the sunlight has disappeared in Chinese cities such as Beijing, Shanghai, Guangzhou, India’s New Delhi and Karachi, Pakistan, the study concluded. In India, the dimming of cities has more than doubled since 1980, it said.

Although the clouds of haze are worst in China and South Asia, there are also “regional hot spots” in Southeast Asia, Southern Africa and the Amazon Basin of South America, the study found.

The smog clouds are also found in North America and Europe, but those are less dangerous because they tend to be removed or reduced by winter precipitation. The clouds from Asia, however, have drifted as far east as California.

The clouds, known as “atmospheric brown clouds,” are filled with ozone, black carbon, and soot particles. They are caused by a “soot stream” of fossil-fuel and biomass burning, deforestation and other man-made factors. Coal-fired power plants and rising auto traffic are among the chief causes.

A team of scientists, commissioned by the UN Environment Programme, has been studying the toxic brown clouds since 2002. Their first reports met with considerable cynicism and criticism, but their latest report is much more detailed, prompting the scientists to issue a stronger warning of the importance of the issue.

Achim Steiner, the UNEP executive director, said he expects the phenomenon of toxic brown clouds to be “firmly on the international community’s radar” as a result of the latest study, which was released yesterday. The clouds need “urgent and detailed research,” he said.

In China alone, the clouds have cost an estimated $82-billion in losses to the national economy, he said.

One of the most disturbing problems is the impact of the smog clouds on global warming. This happens in two ways. By absorbing sunlight and heating the air, the clouds are aggravating the effect of greenhouse gases. But at the same time, the clouds can be “masking” the global-warming trend, since they contain sulphates and other particles that can reflect sunlight and cool the Earth’s surface. So any action to eliminate the brown clouds would trigger a dramatic rise in global warming, the study warns.

The clouds could be dampening the rise of global temperatures by 20 to 80 per cent, the study said. “Simply tackling the pollution linked with brown-cloud formations, without simultaneously delivering big cuts in greenhouse gases, could have a potentially disastrous effect,” the UNEP said in a statement yesterday.

It also warned that the clouds are reducing rainfall in India and South Asia, which could “further aggravate the recent dramatic escalation of food prices and the consequent challenge for survival among the world’s most vulnerable populations.”

In parts of India, for example, the brown clouds – combined with global warming – have slashed the rice harvest by 6.2 million tonnes annually, which is enough to feed 72 million people, the study found.

Another dramatic result is the melting of glaciers, partly due to the toxic clouds. The latest study found “substantial soot concentrations” in the Himalayan mountains, even up to an altitude of five kilometres. And this soot, along with greenhouse gases, is a major cause of the melting and shrinking of glaciers.

“If the current rate of retreat continues unabated, these glaciers and snow packs are expected to shrink by as much as 75 per cent before the year 2050, posing grave danger to the region’s water security,” the study concluded.

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PUBLISHED BY ‘THE GLOBE & MAIL’ (Canada)

Posted in AGRICULTURE, CHINA, ECONOMIC CONJUNCTURE, ECONOMY, ENVIRONMENT, INDIA, INDUSTRIAL PRODUCTION, INTERNATIONAL, RICE | Leave a Comment »

AGRICULTURE SECTOR GROWS 4.19% IN 9 MONTHS — DA (Philippines)

Posted by Gilmour Poincaree on November 13, 2008

11/13/2008

Farm output grew by 4.19 percent in the first nine months of the year with all sectors except livestock DEPARTMENT OF AGRICULTURE - PHILIPPINES - GOVERNMENT AGENCY - FARMING posting gains, the Department of Agriculture (DA) said yesterday.

Growth for the January to September period was down from 4.32 percent for the same period last year, the department said in a statement.

The statement attributed the rise in output partly to early planting, use of special high-yielding and early-maturing rice and corn seeds in some regions and earlier incidence of rainfall in some areas.

Crop output rose by 6.1 percent and accounted for 47.73 percent of total agricultural output in the first nine months of the year, the DA statement said.

The fisheries sector, which accounted for 26.14 percent of total agricultural output, rose by 3.55 percent in the first nine months.

Production of unhusked rice, the country’s main crop, rose by 7.22 percent to 10.59 million tonnes, the department added.

Agriculture Secretary Arthur Yap said in terms of value, the agriculture sector grew 22.23 percent to P836.3 billion at current prices.

Yap said the crops subsector, which accounted for 47.73 percent of the total agricultural output for the January to September period, grew 6.1 percent, with palay production rising by 7.22 percent and corn production by 4.86 percent. The subsector grossed P458.5 billion at current prices or 30.38 percent higher than the 2007 record for the same period.

With a 13.82-percent share in total production for the first nine months of 2008, the poultry subsector showed a 4.8-percent hike in output, mainly due to the increase in chicken yields. Poultry earnings rose 12.03-percent increase to P90.1 billion, Yap said.

The fisheries subsector, on the other hand, recorded a 3.55-percent increase in production, accounting for 26.14 percent of the total agricultural output. Aquaculture gained 5.31 percent, while commercial and municipal fisheries posted production increments of 1.54 percent and 1.91 percent, respectively.

Only the livestock subsector decreased production by 1.97 percent due to the 2.7-percent decline in hog output in the first three quarters. The subsector, which contributed 12.31 percent of the total output, still kicked up its profits 12.76% to P132.1 billion at current prices.

The growth of Philippine agriculture for the first nine months of 2008 was slightly slower than the 4.32 percent uptick in the same period in 2007, owing to climate change and sky-high petroleum prices that have jacked up the cost of everything from petroleum fertilizers to transport costs.

Yap said there could be a further weakening of farm growth in the last quarter of 2008 due to typhoon damage and the significant cut in the use of petrochemical fertilizers following the 100-percent jump in domestic prices. Field reports reaching the Department of Agriculture pointed to a 30-percent drop in sales of inorganic fertilizers nationwide during the wet or main crop, leading to an expected decline in per-hectare yields of farmers who were forced to scrimp on the use of this essential production input owing to exorbitant prices.

Even so, palay production reached 10.59 million metric tons (MT) in the January-September months, which is 7.22percent higher than the 2007 output for the same period, owing to aggressive planting in the third quarter brought about by better palay prices especially in the areas of the Cagayan Valley, Central Luzon, Mimaropa (Mindoro-Marinduque-Romblon-Palawan), Western Visayas and Caraga.

“Moreover, the early onset of the rainfall allowed more plantings specifically in the rainfed areas of Western Visayas and Caraga, while the early release of irrigation water resulted in increased production in the palay farms of Cagayan and MIMAROPA,” Yap said.

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PUBLISHED BY ‘DAILY TRIBUNE’ (Philippines)

Posted in AGRICULTURE, CATTLE, COMMODITIES MARKET, CORN, ECONOMIC CONJUNCTURE, ECONOMY, FISHERIES, GRAINS, INTERNATIONAL, MEAT, PHILIPPINES, POULTRY, RICE | Leave a Comment »

FARMERS ASSAIL IMF TERMS FOR LOAN (Pakistan)

Posted by Gilmour Poincaree on November 3, 2008

November 03, 2008 – Monday

Bureau Report

HYDERABAD, Nov 2: The Sindh Abadgar Board has rejected the government proposal for obtaining $5 billion loan from the International Monetary Fund and cautioned that if the government does not change its decision it would be tantamount to signing the death warrant of the national economy.

The board leaders said at a meeting held on Saturday under its chairman Abdul Majeed Nizamani that the IMF always targeted agriculture sector and the fund was more likely to impose condition to end subsidy for agriculture sector.

The meeting pointed out that the IMF loan would be extremely dangerous for the national economy and political stability of the country and demanded that the president and prime minister bring the matter before the National Assembly.

The meeting advised the government to make efforts to obtain $1.5 billion from China by mortgaging shares of government corporations and $800 million reimbursement from the United States under the coalition support fund for war on terror.

The meeting warned that if the government fell into the IMF trap and withdrew subsidy on agriculture, it would have to spend more money on importing food items.

The meeting resolved to make the “Grow More Wheat” campaign a success and demanded that the government make all the purchasing centres for wheat functional in Umerkot, Mirpurkhas, Badin and other areas where wheat was harvested earlier.

The meeting said that keeping in view 35 per cent shortage of water in the system, Irsa should be asked to ensure supply of 11.7 million acre foot water of Sindh’s share.

The meeting stressed the need for safeguarding wheat from the smugglers and disclosing the names of “30 respectable people” involved in the grain’s smuggling as disclosed by the prime minister himself on the floor of the assembly.

The meeting said that sugarcane growers were switching over to other crops largely due to government’s helplessness before PSMA over the past 10 years, which was very dangerous for sugar industry. The sugar mills must start crushing season according to government notification, the meeting demanded.

SCA: The Sindh Chamber of Agriculture warned on Sunday that delay in start of crushing season would seriously affect wheat cultivation and lead to wheat crisis in the coming months.

The senior vice-president of the chamber, Mir Murad Ali Khan Talpur, said at the chamber’s meeting that the government had fixed price of cotton at Rs1,900 per maund but the growers were being forced to sell their produce at Rs400 to Rs500 per maund.

The chamber’s general secretary, Akhund Ghulam Mohammad Siddiqui, complained that open blackmarketing of urea fertiliser had inflicted huge losses on the growers.

Sain Bux Rind said that Pasco’s failure to establish purchase centres for rice had created an opportunity for the rice traders to fleece growers. The government had fixed purchase of Irri-6 at Rs900 per maund but the growers were forced to sell their produce at Rs500 per maund, he said.

CLICK HERE FOR THE ORIGINAL ARTICLE

PUBLISHED BY ‘DAWN’ (Pakistan)

Posted in AGRICULTURE, ASIA, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, GRAINS, IMF, INDUSTRIAL SUBSIDIES, INTERNATIONAL, PAKISTAN, RICE, SMUGGLING, SUGAR, WHEAT | Leave a Comment »