|More rubber projects for Sabah rural poor|
Posted on September 3,2011,Saturday
PAPAR: The Rubber Industry Smallholders’ Development Authority (RISDA) is focusing on Sabah, with its vast fertile land, to promote rubber planting activities as an effective tool to eradicate poverty among rural communities. Its chairman Abdul Rahim Ismail said apart from that the agency will continue to encourage and assist rubber smallholders. Especially those in highly underutilized rural areas, with incentives and subsidies.All this is part of the country’s effort to reach the 1 million hectare mark of rubber plantation areas nationwide and maintain its status as one of the world’s largest rubber producers, he told reporters when met at the UMNO Papar open house here, yesterday.
“What we need to do is to gain feedback as best we can from the State Government, the various agencies involved and the planters themselves,” he said, noting various programmes are being implemented by RISDA and its subsidiaries focusing on smallholders in rural areas.
“This is our focus, the rural areas because this is where the smallholders are, and these areas in general, such as Ullu Kimanis, Keningau and so on have a high rate of poverty. So, this is one of RISDA’s roles, to take them out of poverty, he added. He holed that some 70,000 heclares of rubber plantations are being developed by the Saoan Rubber Industry Board (LIGS), producing about 60,000 metric tons of yield annually.
However, he noted that the State rubber production has been decreasing, coupled with the previous under-performance of LIGS and its cash flow difficulties, but the government is taking steps to rectify this, “was made to understand that the government recently contributed some amount to assist LIGS….RISDA and its Subsidiaries will also assist in terms of providing facilities and imput,” he added.
During the recent State Legislative Assembly sitting, Deputy Chief Minister Datuk Seris Panglima Yahya IHussin who is also State Agriculture and Food Industry Minister suggested that the federal government should provide a price subsidy, to bring the price of rubber in Sabah on a par with the peninsula.
This he said, is to cover the additional costs incurred by rubber smallholders in the state, and his ministry had submitted a proposal to the Federal Government for consideration. To ensure that smallholders in the state were paid in cash, Yahya also announced that the State Government had approved a loan of RM60 million to LIGS.
Meanwhile, Rural and Regional Development Minister Datuk Seri Shafie Apdal in answering aquestion, said emphasis would be given to implementing dire projects, including rubber planting, which has a wider impact on the dfeieuw communities. “There has been an overall increase in the national level, in terms of the income generated by rubber planters due to improving planting techniques and healthy market prices.”This is encouraging and I am confident that if we can encourage the rural communities to get involve in the industry, they will be able to earn steady and lucrative income,” he said.
Huge opportunities for India in export of cereals
MUMBAI (Commodity Online) : The huge demend for cereals in the global market has triggered the price raise, creating an excellent environment for the export of Indian cereals. According to a recent report by Rabobank, the average Wheat prices raised nearly 15% from US$6.51 per bushel in the third quarter of 2010 to US$ 7.48 per bushel in the second quarter of the current catendar year.
Similarly , Corn price shot up to US cents 732 per bushel from US$ 4.21 per bushel in the period under consideration. Sugar firmed up to US$ 0.24 per pound from US$ 0.20 per pound.India had been experiencing bumper harvests in the agri sector and was able to store about 64 million tons against a mandatory buffer of 27.14 million tons.
The storage facility in is poor and this has Dead to marginal fall of 3.72 millon tons to 61.28 million tons In 2008, Indian had impoed ban on export of rice, wheat , sugar etc. to meet domestic needs and to keep the tnflation in control. Now , seeing the huge demand in the global market and country’s surplus production , India government has lifted the ban, but only limited amount of export of the commodity were allowed .
The allowed marginal quantity of exports cereals could not make any significant impact either o domestic prices or the storage conditions. Allowing more exports by the government will boost the economy and also will reduce the load over Food cooperation of India on storing agri-commodities.
“the strong price support in agri-commodities markets is expected to continue due to supportive fundamentals and on-going investor interest. The agri markets have greatly outperformed the equity and energy markets in August, as recession concerns and the possibility of increasing inflation , along with tight balance sheets cicouraged both speeulative and commercial buying in agri complex.” Said the Rabobank report. As per an Economist. The price rise and demand in the global agri-commodity section is considered as rare opportunity and India should exploit it at the most demand in the agri – commodity section ins considered as rare opportunity and India should exploit it at the most.
India rubber futures gain on delining stocks, global output to rise 5%
KOCHI (Commodity Online): India Rubber futures have recorded gains in August due to deelining supplies even as global natural rubber production is expeeted to rise 5% per cent this year , according to Association of Natural Rubber Producing Countries (ANRPC).
According to ANRPC, global rubber production rose 4.9% in the first quarter of this financial year. The production rose to 2.9 million tones (int), as against 2.1 mt in the same period last year.
ANRPC’s total supply anticipated for this year (January-December) stands almost unchanged at the previous estimate of 9.96 mt, up five percent over that the year before. Thailand will be the largest suppliet with a production forecast of 3.3 mt. Belowed by Indonesia (2.9 mt)and Malaysia (975,000 tonnes) . India will be the fourth with 901,000 tonnes.
In Indian domestic markets, extended rain fall in the Rubber growing areas continued to weigh down arrivals of the sheet rubber. This may Lead to raise the prises to further higher.
In at India’s National Multi Commodity Exchange (NMCE) an uptrend was extended for the last month on the back on thin supply from the fresh crop . In September contract, prices gained Rs,1077 for the last month. The futures likely to gain in the coming days due to deelining stocks in the warehouses.
On Friday , NMCE September contract today closed at Rs.21851 , slight down by 0.16% aganst the previous close. In the early session the contract traded at a high of Rs,22100 and volume traded stood at 1060 lots. At spot markets prices mereased by Rs.4 to Rs.214 . according to Rubber Board. Kottayam.