The world's leading rice expert warned yesterday of "worrisome signs," with high prices for rice and fertilizer and rice stocks at their lowest levels in about 30 years.
Robert Zeigler, director general of the International Rice Research Institute (IRRI), said new farm technologies were needed to replicate the gains made from the "Green Revolution," which had lifted hundreds of millions of rural Asians out of poverty.
"There are a number of worrisome signs suggesting that new challenges lie ahead," he told an international rural poverty conference in Manila.
"There has been a slowdown in growth in rice production as the yield gains from the adoption of the modern varieties in the irrigated areas have become almost fully exploited and the rice area is declining," Zeigler said.
"Over the past five years, [the] international rice price has doubled and price for urea [fertilizer] tripled, the latter spurred on by the rise in oil prices."
Zeigler said "rice stocks are their lowest level since the 1970s."
Rice is the staple for half the world's people, providing about 20 percent of direct human calorie intake worldwide, says IRRI.
Zeigler said "the rising demand for biofuels, the pressures that urbanization and industrialization place on land and water resources ... and the long-term effects of global warming" would require "new technologies that can be rapidly disseminated" to boost output and keep prices low and stable.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) secured a record 70.2 percent share of the global foundry business in the second quarter, up from 67.6 percent the previous quarter, and continued widening its lead over second-placed Samsung Electronics Co, TrendForce Corp (集邦科技) said on Monday. TSMC posted US$30.24 billion in sales in the April-to-June period, up 18.5 percent from the previous quarter, driven by major smartphone customers entering their ramp-up cycle and robust demand for artificial intelligence chips, laptops and PCs, which boosted wafer shipments and average selling prices, TrendForce said in a report. Samsung’s sales also grew in the second quarter, up
LIMITED IMPACT: Investor confidence was likely sustained by its relatively small exposure to the Chinese market, as only less advanced chips are made in Nanjing Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) saw its stock price close steady yesterday in a sign that the loss of the validated end user (VEU) status for its Nanjing, China, fab should have a mild impact on the world’s biggest contract chipmaker financially and technologically. Media reports about the waiver loss sent TSMC down 1.29 percent during the early trading session yesterday, but the stock soon regained strength and ended at NT$1,160, unchanged from Tuesday. Investors’ confidence in TSMC was likely built on its relatively small exposure to the Chinese market, as Chinese customers contributed about 9 percent to TSMC’s revenue last
Taiwan and Japan will kick off a series of cross border listings of exchange-traded funds (ETFs) this month, a milestone for the internationalization of the local ETF market, the Taiwan Stock Exchange (TWSE) said Wednesday. In a statement, the TWSE said the cross border ETF listings between Taiwan and Japan are expected to boost the local capital market’s visibility internationally and serve as a key for Taiwan becoming an asset management hub in the region. An ETF, a pooled investment security that is traded like an individual stock, can be tracked from the price of a single stock to a large and
Despite global geopolitical uncertainties and macroeconomic volatility, DBS Bank Taiwan (星展台灣) yesterday reported that its first-half revenue rose 10 percent year-on-year to a record NT$16.5 billion (US$537.8 million), while net profit surged 65 percent to an unprecedented NT$4.4 billion. The nation’s largest foreign bank made the announcement on the second anniversary of its integration with Citibank Taiwan Ltd’s (花旗台灣) consumer banking business. “Taiwan is a key market for DBS. Over the years, we have consistently demonstrated our commitment to deepening our presence in Taiwan, not only via continued investment to support franchise growth, but also through a series of bolt-on acquisitions,” DBS
RSS