07/02/13: Rice ecports decline in Pakistan; Australian grain processor in trouble; Ukrainian grain

Rice traders in Pakistan have blamed escalating energy costs for the decline in rice exports in the country. Samee Ullah Chaudhry, Acting Chairman Rice Exporters Association of Pakistan (Reap), highlighted load shedding of electricity, load management of natural gas and higher rice prices among the reasons for the decrease.  Chaudhry said that there has been 60 percent decline in Basmati rice exports from Pakistan during the last seven months causing a loss of around $250 million.
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Troubled grain processor, Grain Products Australia will continue to trade for another 20 days, while a buyer is sought. 

The company went into voluntary administration in December owing $8-million to the banks and $5.7-million to suppliers.
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Ukraine has secured a $1.5 billion credit agreement from the Export-Import Bank of China to buy grain. The money will be used to forward-buy 2 million metric tons of barley, wheat and corn from local producers. All grain will then be exported to China but no time frame has been given.
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Brown basmati rice (Photo credit: Wikipedia)

ISRMAX ASIA 2012-The Most Comprehensive Expo for the global Rice Industry, now in Bangkok.

Pixie Consulting Solutions Ltd. in conjunction with Impact Exhibition Management Co. Ltd. is pleased to announce ISRMAX Asia 2012 a B2B exhibition on the food that feeds more than half the world, from August 29-31, 2012 at Impact exhibition and convention center (one of Asia’s largest Convention Centres), Bangkok (Thailand).

Thailand’s strategic location and Bangkok’s well developed infrastructure make it an ideal location for such an exhibition.

ISRMAX Asia 2012 will feature all the machinery related to storage, weighing, cleaning, drying, milling, sorting, bagging of rice and renowned brands of Jasmine, Basmati and other varieties of rice from all parts of the world. Visitor segments will include Trade Counselors, Consultants, Rice millers, Rice importers/ buyers, retailers, hoteliers and many more.

ISRMAX has shown a significant growth in popularity and size since its introduction in India in 2010 and expects to continue this upward trend in 2012. It has flourished as a key meeting place for rice expertise. Staged by Pixie Consulting Solutions Ltd., the debut event in Karnal (Haryana), India in February 2010 welcomed 183 exhibitors which rose to 195 in 2011 giving it an annual growth of six percent. The number of registered visitors was 13,848.

 Much of this growth can be attributed to the increasing awareness and quality consciousness among buyers and increasing competition among the suppliers. Manufacturers of rice worldwide are keen to adopt the most advanced processing technology so as to be able to produce best quality rice. Therefore companies that can provide such technology with the right quality and appropriate price will be at the event to display their products and services.

Trade specific associations will render their support to the event and will organize extensive seminars concurrent to the event where speakers will cover the most current and relevant topics in the industry. Formal supporters of the event include Thai Rice Exporters Association, Thai Farmers Association, Thai Agricultural Merchants’ Association, All India Rice Exporters Association and few more

Further information can be availed from www.isrmaxasia.com (under construction) and www.isrmexindia.com

Note for editors: For any queries please contact Mr. Nattakorn Ponlakhan at nattakornp@impact.co.th or Ms. Geetika Malhotra Asudani at isrmex@pixie.co.in

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.