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Bernas privatisation would put veil over rice prices, says Pakistan
By Ida LimDecember 12, 2013
Pakatan MP Rafizi Ramli said that taking Bernas out of public view
would mean a lack of transparency where rice prices were
concerned. — Picture by Choo Choy MayPakatan MP Rafizi Ramli
said that taking Bernas out of public view would mean a lack of
transparency where rice prices were concerned. — Picture by Choo
Choy MayKUALA LUMPUR, Dec 12 — With Tan Sri Syed
Mokhtar Al-Bukhary now closer to privatising Malaysia‟s sole rice
distributor Padiberas Nasional Bhd (Bernas), opposition lawmakers
fear the move would hide price setting of the staple from public eyes
and cause prices to rise like sugar that is also under the tycoon‟s
control.Pointing out Bernas‟s virtual monopoly over the essential
rice supply, PKR MP Rafizi Ramli said the proposed privatisation of the rice distributor would remove the “national
strategic asset” from public scrutiny.
“Everything will be subjected to close-door negotiations with the government. If they ask for increase of price and
government wants to maintain subsidy, the government will have to fork out more; the public will end up paying more for
rice,” he said, referring to the food item whose price is monitored by the government.He also warned that warned that
taking Bernas out of public view may even allow foreign and profit-minded firms to subsequently acquire the distributor
without Malaysians finding out.“If Bernas is to be taken private, it‟s saying that they don‟t want to share with the public,”
the PKR strategy director said, saying that the public currently could still obtain information about the listed company
through the stock exchange.On Tuesday, a lawyer for Bernas minority shareholder Ilustrasi Hikmat Holdings Sdn Bhd
(IHSB) reportedly confirmed that its April case against three of four parties ― Bernas, Syed Mokhtar and his company
Tradewinds (M) Bhd ― was struck out on November 27.
The case, in which IHSB said that Bernas‟s control and ownership cannot rest in a single individual‟s hands, could have
scuttled the privatisation plans. IHSB has now filed an appeal to reinstate the three as parties to its case.With the barrier to
the takeover of Bernas removed this week, Rafizi said the proposed privatisation by companies controlled by Syed
Mokhtar was inevitable.When asked for suggestions on what the government could do to block the privatisation, Rafizi
said it was possible for Putrajaya to intervene “on the basis that Bernas is a national asset and the public have the right to
know”.The alternative is for the government to dismantle the monopoly or renegotiate some of the long-term positions
within the existing contract, Rafizi said.
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4. “The penalty of revoking the permit or liberalising the market so new players can come in is very minimal,” Rafizi said,
contrasting Bernas‟s situation to toll concessions where companies have poured in a lot of money to build the
highways.DAP‟s Zairil Khir Johari alleged that the privatisation bid was an attempt to “take advantage” of the 10-year
extension for Bernas‟s exclusive rice distribution contract, which will now run from January 11, 2011 to January 10,
2021.He warned that there was a risk of rice prices increasing if the privatisation takes place, based on what transpired
previously with sugar.
“The worry is that when he first took over the sugar monopoly, the price of sugar went up immediately and has been on
the uptrend until today,” the first-term Bukit Bendera MP said, referring to Malayan Sugar Manufacturing, which is
owned by Felda Global Ventures, and Central Sugar Refineries, which is part of the Syed Mokhtar‟s Tradewinds (M) Bhd
empire.“We‟ve seen this rollout of subsidy rationalisation. Rice could be the next thing on the block, again it‟s the people
who‟s going to pay more, it will disadvantage millions of Malaysians,” Zairil added.Since September, Putrajaya has
slashed fuel subsidies for RON95 petrol and diesel by 20 sen/L, completely removed price support for sugar, and
announced a hike to electricity tariffs by 15 per cent starting January 1.Pointing out that Bernas was founded to ensure fair
distribution for the rice industry‟s stakeholders, including farmers, Zairil said the problem with the company‟s monopoly
over the country‟s supply was the resulting “unfair pricing”.He also suggested the new Competition Commission, a
statutory body that promotes and enforces competition in businesses, scrutinise the proposed takeover for elements of
market abuse.PAS‟s Dr Dzulkefly Ahmad described the proposed privatisation of Bernas as “sheltered monopolies”
where the company could “abuse the contract extension and operate quietly without competition”.The former Kuala
Selangor MP added that privatisation could “encourage deregulation against the benefits for the consumer which can lead
to higher prices and less quality products”.
There could also be “incentive to do creative restructuring where it can blatantly increase share ownership, transfer all
jewel asset, strip excess and refloat with leaner assets,” PAS research centre‟s executive director suggested.After a
privatisation bid in March failed to get sufficient acceptance from Bernas‟s minority shareholders, another attempt was
made last month to turn it into a private company with a proposal to voluntarily remove it from Malaysia‟s stock
market.Bernas‟ shareholders would decide on the proposed voluntary delisting from Bursa Malaysia in an extraordinary
general meeting, but the notice of the EGM has yet to be announced.The cash-rich Bernas has RM612.67 million in the
bank as of September 30, which is double the RM398.6 million it held in January this year, The Edge reported last
month.On April 26, 2011, the government announced that Bernas‟s exclusive contract of rice distribution will be extended
for 10 years starting from January 11, 2011 to January 10, 2021.
53,000 bags or rice released distributed to 'Yolanda' victims
(philstar.com) | Updated December 12, 2013 - 10:02am
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5. MANILA, philippines - A total of 53,369 bags of rice have been released by the National Food Authority
(NFA) as part of the government's relief operations for the victims of super typhoon Yolanda (Haiyan) in
Iloilo.NFA Iloilo Assistant Manager Jose Pacificador said 500 the last delivery made to the Department of
Social Welfare and Development was 500 bags of rice, which were distributed to the victims of the super
typhoon in the northern part of the province.The NFA Iloilo Office said from December 1 to 6, it released 95
bags of rice to the various local government units (LGUs), 75 bags to the private individuals and organizations,
160 bags to retailers and 830 bags to the Office of Civil Defense. These were used in meeting the food
requirement for the typhoon survivors.From November 7 to 30, the NFA also released 51,709 bags of rice of
which the bulk was requested by the DSWD -- with 27,238 bags for prepositioning and relief
operations.Pacificador said they have already requested for rice importation which has been approved by their
central office for replenishment of the stocks.In coordination with the DSWD and local government units, he
said that rice withdrawal for relief operations is going on smoothly.
Rice exports slump as traders fall foul of Nigerian customs
Shishir Arya, TNN Dec 12, 2013, 03.43AM IST
Tags:Rice exports|Nigerian customs|Kakinada Port Trust
NAGPUR: A cheeky move to dodge taxes has backfired, leaving Indian rice exporters high and dry, with the
Nigerian customs sleuths hounding them to boot. Some Indian traders from non-Basmati growing areas too
have stakes in this international game of cat and mouse.The Indian spirit of dodging taxes is being blamed for
the decline in rice exports to West Africa over the last few months. Nigeria, the most populous country in West
Africa, has been traditionally a large consumer of low and medium quality rice from Chhattisgarh and
Vidarbha. But since Diwali, exports have steadily fallen to negligible levels.Last year, Nigeria hiked duty on
rice to 110%, which set Indian traders thinking. Almost all consignments heading for West Africa, especially
Nigeria, began landing in neighbouring Benin, a tiny country where no duty is imposed. The consignments were
later smuggled into Nigeria over land.This move by traders backfired when the Nigerian rice traders lobby
complained, leading to swift raids by the customs. The traders even donated vehicles worth around 50 crore to
the sleuths to hunt down the rice smugglers.The Rice Millers Association of Nigeria (RIMIDAN) has been
actively lobbying for the crackdown on smuggling.
RIMIDAN president Tunji Owoeye told TOI over telephone, "Although I am not supposed to divulge names, it
is correct that Indian traders are involved in rice smuggling. They will be prosecuted."Owoeye said the action
was necessary because smuggling is severely hampering their economy. "The indigenous rice miller cannot
compete against cheap, smuggled rice, which has in turn affected local cultivation to the extent of food shortage
in the country," he said.An email to the Nigerian Customers Service (NSC) seeking details did not elicit a
response.Huge quantities of rice are held up at the Cotonou port in Benin, so no fresh orders are being taken,
say sources. According to an exporter based at Itwari, Nagpur, as against consumption capacity of 2 lakh tonnes
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6. of rice over 15 lakh tonnes of consignment have reached Benin. But they are not moving ahead due to the
crackdown.A month on month comparison at Concor's Inland Container Depot (ICD) in Nagpur shows that as
against 2,600 containers dispatched in October, only 1,500 were sent in November.
A senior official handling operations at Kakinada Port Trust also confirmed a fall in exports. "Almost 22 vessels
are waiting at Benin. It was due to some taxation issue with Nigeria. A couple of days ago eight more vessels
have left for the country. Maybe the issue has been resolved," said the officer.Back in Nagpur, sources say as
against export of 3,000 containers a month till Diwali, volume had gradually come down to 50 or 100
containers. Till last year, consignments were sent directly to the specific country in West Africa as per demand.
This year, traders started routing all consignments to West Africa via Cotonou in Benin.
Till then, not many in the business of forwarding had even heard of this place.Local traders are hoping for
business to revive in a fortnight. Sources say traders have come up with a new idea, and this time powerful
lobbies have been roped in too.The plan is to send rice to Nigeria by paying the entire duty. Later, a refund will
be claimed by declaring that the rice was meant for charity. Agents say the new idea might work.
Rice seen flat on ample stocks, steady demand
Our Correspondent
Export - Connect with
over 120,000 suppliers
from Hong Kong, China
and Taiwan.Karnal, Dec.
12: The rice market is
likely to rule without
much change on account
of steady demand and
ample stocks in the
coming days, said trade
experts. With not much
trading taking place in the
market, prices of almost
all the varieties remained
unchanged on Thursday.
Amit Chandna, Proprietor
of Hanuman Rice Trading
Company, told Business
Line that the market is
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7. moving at snail‟s pace. Trading has been lukewarm since the beginning of this week. According to trade experts, market
sentiments are low and any major alteration in the market is unlikely. In the physical market, Pusa-1121 (steam) sold at Rs
8,800 , while Pusa-1121 (sela) quoted at Rs 7,750-7,800 a quintal. Pure Basmati (Raw) quoted at Rs 12,500 . Duplicate
basmati (steam) sold at Rs 7,500 .
Sharbati (Steam) sold at Rs 5,000-5,100 while Sharbati (Sela) quoted at Rs 4,650 .
Permal (raw) sold at Rs 2,350 while Permal (sela) was at Rs 2,400 . PR-11 (sela) sold at Rs 3,200 while PR-11
(Raw) quoted at Rs 3,000. PR14 (steam) sold at Rs 3,300.
Paddy
arrivals
About 10,000 bags of PR paddy arrived and quoted at Rs 1,300, around 20,000 bags of Pusa-1121 arrived and
sold at Rs 3,750-4,250, while 5,000 bags of Sharbati arrived and sold at Rs 2,100-2,200. Some 500 bags of Pure
Basmati sold at Rs 5,800, about 2,000 bags of DB sold at Rs 4,100 while around 5,000 bags of Sugandha-999
was at Rs 2,700 a quintal.
(This article was published on December 12, 2013)
Keywords: rice, prices,
Organic farmer shows the way in paddy cultivation
The Hindu Gadde Satish Babu. Photo: A. V. G. Prasad
Gadde Satish Babu, a graduateturned organic farmer from
Seetampet, under Denduluru
mandal in West Godavari
district, remains unaffected even
as his counterparts elsewhere
have been affected badly from a
series of cyclones in the current
kharif season. Swarna, the highyielding paddy variety, which
was flattened due to the swirling
gales and turned susceptible to
pests, dashed the farmers‟ hopes.
But Mr. Satish Babu, however, is
sitting pretty even after raising the same variety in his field, thanks to the method of organic farming which he
has taken to. He attributes his success to the soil health enriched by organic manures which helped him reap 29-
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8. 34 bags per acre with no traces of chemical residues. He raises a single crop in his field in a year, leaving it to
become fertile with organic manure in the rest of the period. He has about 50 buffaloes which are left to roam
freely in the field, enabling it to get enriched with their dung and urine during the period of „crop holiday‟. The
same animals are then shifted to his other fields of coconut, paddy and maize at Signarajupalli near Nallajarla
on a rotation basis for a similar purpose.
Ryots wary of Swarna
Farmers in the delta region are now wary of Swarna variety for its inherent drawbacks which make it prone to
lodging at times of calamities. Yet they are still enamoured of it for its high-yielding properties. “It all (lodging
and pest attacks in Swarna) happens in the soil when its health deteriorates because of use of pesticide and
chemicals in heavy dosages. It is not the case in my field and that it is the secret of my joy,” says Mr. Satish. He
said he could manage to save his crop from pests by applying neem cake. He has brought down the cost of
cultivation by making his fields zero tolerant to chemicals and pesticides. In addition, he sells his produce (rice)
at a price of Rs 99 per kg which is, still, in great demand. M. Bharatalakshmi, Associate Director of Research,
Agricultural Research Station (ARS) at Maruteru, endorses the views of Mr. Satish Babu, stating that the field
trials revealed that organic farming is a panacea to all the ills associated with the Swarna variety. An acre and
half demo plot with Swarna developed at the research station yielded similar results, she added. Heavy use of
urea in traditional farming resulted in vegetative growth in Swarna leading to lodging, she said.
Keywords: Paddy cultivation, West Godavari district, organic farmer, kharif season, Gadde Satish Babu
EC may need to approve rice loans
Published: 12 Dec 2013 at 16.35
Online news:
The government will have to ask the Election Commission (EC) to approve 140 billion baht of rice-pledging
scheme loans, unless the spending has been factored into its 2014 fiscal budget, EC commissioner Sodsri
Sattayatham said on Thursday.EC approval will not be necessary if the loan plan has already been included in
next year's fiscal budget, which was calculated before the dissolution of the House of Representatives, she
said.“Otherwise, the government must provide clarification to the EC and seek approval for rice scheme loans,”
Mrs Sodsri said.A total of 270 billion baht is needed to finance the government's rice pledging scheme for the
2013 harvest season, which began in October.Of the total, 140 billion baht will come from loans and 130 billion
baht will be derived from the proceeds of selling rice in government stockpiles.The Ministry of Finance is
concerned that seeking a loan for the rice scheme after the dissolution of the Lower House could be in violation
of the charter, a source at the ministry said.A practical short-term solution to the problem would be to ask the
Bank for Agriculture and Agricultural Cooperatives to make rice scheme payments to farmers until the general
election is held. The Ministry of Finance would then later pay back the money to the state-owned bank, the
source said.
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9. Caretaker Commerce Minister Niwatthamrong Bunsongphaisan, who oversees
the rice scheme, said he was discussing the issue with the ministry’s legal
advisors. Government vows to sell rice stocks
Ministry stalls BAAC credit guarantee
Published: 12 Dec 2013 at 00.00
Newspaper section: Business
The Finance Ministry put the brakes on the planned credit guarantee for the Bank for Agriculture and
Agricultural Cooperatives (BAAC) to finance the rice-pledging scheme.
Farmers who pledged rice to the government for
the main crop are facing late payments from the
BAAC as the bank refused to use its own
liquidity to fund the programme without the
National Rice Policy Committee's approval to
widen the 500-billion-baht outstanding spending
limit. (Bangkok Post file photo)
It fears the move could lead to the dissolution of
the Pheu Thai Party, a source at the ministry
said.An electoral regulation prohibits the
government from using state human and financial
resources, both directly and indirectly, ahead of a
snap election, the source said.He said the credit
guarantee for the BAAC could be viewed as a
breach.Caretaker Prime Minister Yingluck Shinawatra dissolved the House on Monday and called a general
election for Feb 2, following a mass rally of anti-government protesters.If the credit guarantee to the stateowned bank is crucial, the ministry will ask the cabinet and the Election Commission to consider it first, the
source said.The Public Debt Management Office recently provided a credit guarantee for the BAAC's bonds,
but only 37 billion baht of 75 billion offered were sold as investors had several concerns.Farmers who pledged
rice to the government for the main crop are facing late payments from the BAAC as the bank refused to use its
own liquidity to fund the programme without the National Rice Policy Committee's approval to widen the 500billion-baht outstanding spending limit.Another way to resume payments is for the Commerce Ministry to
accelerate its rice sales.BAAC executive vice-president Supat Eauchai said the bank will coordinate with related
government agencies to seek measures to help 4 million farmers awaiting payments.
The caretaker government remains committed to selling rice stocks including new grain available from the
2013/14 harvest to prevent a glut.The government is still responsible for selling state rice stocks, including the
planned disposal of 500,000 to 1 million tonnes through the Agricultural Futures Exchange of Thailand, said
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10. Niwatthamrong Bunsongphaisan, caretaker commerce minister, after the National Rice Policy Committee's
meeting yesterday.The ministry needs to discuss with the Council of State whether a caretaker minister can
approve rice auction sales. The contracts the minister already signed will still be valid and delivery should be
honoured as usual.Mr Niwatthamrong said negotiations to sell the government's rice stocks on a government-togovernment basis with potential buyers such as Indonesia and Malaysia must be postponed.The Foreign Trade
Department reports the government sold 7-8 million tonnes of rice over the last two years through G-to-G
contracts.The government remains adamant its rice stock is 10 million tonnes, although industry sources
estimate the amount is closer to 16-17 million tonnes.The government has spent up to 680 billion baht in four
harvest seasons over the last two years, but has sold only 135 billion worth of rice.
It has allocated a further 270 billion baht to finance the 2013-14 main crop.Buying started on Oct 1, and some
6.16 million tonnes of paddy were pledged as of last Thursday.The rice committee was planning to convene a
meeting to approve a temporary increase in the 500-billion-baht outstanding spending ceiling, allowing the
BAAC to pay farmers who pledged their rice under the current main crop, running from Oct 1 to Feb 28.The
government already exceeded the limit for the scheme, so its payment to farmers has been delayed, upsetting
some farmers who threatened to rally to accelerate payment.But without a House of Representatives, the acting
government has no mandate to temporarily raise the spending ceiling for the scheme.The cabinet previously set
a deadline to decide the outstanding spending limit for the end of this year.
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