“We know  that the  rice  market  will remain tight  in  the  near term,  largely due to  India’s  export ban,”  said  Peter Clubb,  commodity markets  analyst at the International Grains Council in London.  Degree”.  “We also have Eid coming up in  April and the period leading up to Eid tends to see good demand from markets with a strong Muslim presence.

 The rice market is expected to remain tight at the start of the year due to export restrictions in India and an expected increase in demand during festivals, which will cause prices to rise further. These grains are essential to the diets of billions of people, and further price increases will strain household budgets. Thai 5% cracked white rice – the Asian standard – hit a new 15-year high late last year at $659/ton. 

 “We know that the rice market will remain tight in the near term, largely due to India’s export ban,” said Peter Clubb, commodity markets analyst at the International Grains Council in London. Degree”. “We also have Eid coming up in April  and the period before Eid tends to see good demand from markets with  large  Muslim populations in Asia and  Africa. 

 Top  exporter  India is expected to  maintain  export  curbs  at least  until  a general election in April or May, as Prime Minister Narendra Modi seeks to  rein in domestic  prices before voters  go  to the polls.  vote.  The onset of El Niño and its potential impact on key growing areas has added to supply concerns. 

  Countries in  Asia and Africa  are scrambling  to  ensure supplies  since India  stepped  up  restrictions in July. Rice inflation in the Philippines has  spiked,  while Indonesia has asked  the  military to  support farmers. people increase production.  The  country  is a major importer and is  preparing  for a presidential election next month.  However,  prices are unlikely to  return to  the 2008 record  high  above  $1,000/ton,  which coincided with broader export bans. Farmers in  Vietnam’s  Mekong Delta  can  start harvesting  new  crops  this month,  easing  some supply  problems.  The winter-spring harvest  often brings  the  largest harvest in the country.  

  The Thai Rice Exporters Association,  which sets  a 5% price reduction for  Thai white  rice,  also  predicts that  the  country’s rice  exports  will decline  this year  due to falling demand, especially  from Indonesia  after the crisis. his  election. Thailand is the  world’s second largest grain exporter,  while Vietnam  ranks third.

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 CEO Dave Calhoun’s remarks were Boeing’s first public acknowledgment of errors since a so-called door plug snapped off the fuselage of a nearly full 737 MAX 9 on Friday, leaving a gaping hole next to a miraculously empty seat.  

 Boeing CEO Dave Calhoun acknowledged errors by the US planemaker as more than 170 jets remained grounded for a fourth day, telling staff the company would ensure an accident like the mid-air Alaska Airlines panel blowout “can never happen again.” 

 The company’s top planemaking official, Stan Deal, also told a somber town hall meeting at its Renton, Washington 737 factory that Boeing acknowledges “the real seriousness of the accident” as it launches checks into its quality controls and processes. 

  Calhoun’s remarks were Boeing’s first public acknowledgment of errors since a so-called door plug snapped off the fuselage of a nearly full 737 MAX 9 on Friday, leaving a gaping hole next to a miraculously empty seat.

 Calhoun said he had been “shaken to the bone” by the accident, which rekindled pressure on Boeing over its troubled small plane family almost five years after a full-blown MAX safety crisis sparked by deadly crashes in Indonesia and Ethiopia. 

  “We’re going to approach this, number one, acknowledging our mistake,” Calhoun told employees, according to an excerpt released by Boeing.  “We will  approach  this  100% and  be transparent  every step of the  way. 

 Alaska Airlines and United Airlines,  two  US airlines  that  used  temporarily grounded planes, have found  spare  parts on similar  planes,  raising  concerns that  such an incident could  happen again. 

  At another  meeting  Tuesday, Boeing told  employees that  the findings were  considered a “quality control issue” and that inspections were  being  conducted  at Boeing  as well as at the  fuselage  supplier.  Spirit Aerosystems, sources  close to  the  company  said. 

  They said  Boeing  had  sent written  requests  to its  factories  and those of its suppliers to ensure  these issues were  addressed and to  institute  broader  controls  of systems and  processes.  

 Boeing shares fell 1.4% on Tuesday as United canceled 225 daily flights, or 8% of  the  total, while Alaska Airlines canceled 109, or 18%. Similar cancellations were expected on Wednesday.  Calhoun also told Boeing employees  that  the company  will “make sure that  every next  plane  that  takes to  the  skies  is  truly  safe.” 

 He praised the Alaska Airlines crew  for quickly landing  the plane,  leaving 171 passengers and 6 crew members  with only minor  injuries. 

 Calhoun, who was  on the  Boeing board  when all  the  MAX  planes  were grounded in 2019, also praised Alaska Airlines for quickly grounding its 737 MAX 9  planes, saying  adding  that  he knew “how  difficult  it is to  land a plane, let alone a crew,” according to sources. speak.  

 Some industry  executives  privately criticized Boeing for not grounding  their  planes  more quickly  on Saturday. People familiar with the matter  said the company was planning  to order  an inspection  when the Federal Aviation Administration (FAA) intervened with an emergency order  for 171 planes  to  be grounded.  

 Boeing  expressed  support for the  FAA’s  action, and the  company’s  contrite tone  Tuesday contrasted with statements  criticized as  legal  after the 2018 crash of  the  Lion Air 737 MAX in Indonesia. 

 US  crisis communications expert Paul Oestreicher, who  criticized  Boeing in 2019 for taking weeks to  realize  its  mistake  after the Lion Air and Ethiopian Airlines crashes, said this time Calhoun  had ” act  much  faster, realizing  the importance of  transparency,”  some  people expressed. empathy  and  determination  to  find solutions.  

 Boeing declined to comment on  Calhoun’s  remarks beyond the official excerpt. 

 Control  protocol 

 The panel that blew  up  Alaska Air Flight 1282  replaced  an optional  emergency  exit door on  the  737 MAX 9  used by airlines  with  denser seating configurations.  

 The FAA said Tuesday that Boeing  is  revising its  inspection  and  maintenance guidelines,  which the regulator  still  must  approve before  inspections  begin. The FAA said it  will “conduct  a thorough  review”  and  that  public safety will determine  a  timeline for returning the MAX to service. 

Boeing ended 2023  behind rival Airbus in aircraft deliveries for the fifth  straight year, sources said,  after seeing  about 50% of  its  market  share  eroded by the  crisis before.  The latest problems could  force  the FAA to  introduce tougher design certification rules  for other  aircraft  models, including  changes  needed for  the smaller MAX 7. 

  Boeing  requested a waiver  to allow  pre-certification of  design changes that analysts say  are now  less  likely.  

 Two senior industry sources said they expected  Southwest  Airlines’ scheduled flight  to  be delayed  another  six months.  

 FAA  Administrator  Mike Whitaker, who took  office  in October, will testify before Congress next month and  may  face questions about approval of the 737  MAX.  The hearing was  being prepared  before the incident on the Alaska Airlines flight. 

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 Developed at the cost of Rs 70 crore, the airport is spread across an area of 233 acres. 

The airport is located in Katelguda in the Goudaguda panchayat area of Odisha and has a 1620-meter long and 30-meter wide runway.  

 Paving the way for a new era of air connectivity, the Chief Minister of Odisha Naveen Patnaik inaugurated the Malkangiri airport in the southwestern part of the state on Tuesday. 

 Developed at the cost of Rs 70 crore, the airport is spread across an area of 233 acres. The airport is located in Katelguda in the Goudaguda panchayat area of Odisha and has a 1620-meter long and 30-meter wide runway, an official mentioned.  “It is a great pleasure  to inaugurate  the  Malkangiri Airport, a dream come true for the people of the district  and  now  on the aviation map of the country. The airport adds a new chapter in  Malkangiri’s transformation  journey to further accelerate the pace of trade,  tourism  and commerce,” Naveen Patnaik said on X. 

  An official told the media that in  the first phase,  nine-seat  aircraft are  expected  to operate from the  airport.  On January 7, the  9-seat twin-engine  VT-100  flight  test  was  successfully  carried out  at Malkangiri airport. 

  Odisha’s  7th  airport  

 With the addition of Malkangiri  Airport, the  total  number of  operational airports  in Odisha has increased  to seven. The other six airports are located in Bhubaneswar, Jharsuguda, Jeypore in Koraput, Utkela in Kalahandi, Rourkela in Sundergarh and Rangeilunda in Ganjam.  

 “The air connectivity to Malkangiri will usher in a new era of development, open up avenues of business and tourism, and further transform the lives of the people in the region,” Patnaik said. 

  Notably, the airport will connect the remote district with the outside world as the Odisha government plans to operate flights to Bhubaneswar and other cities. 

  “It will be useful for the citizens for various purposes. The economic activity including tourism will be enhanced.  Security staff  will  confidently perform  rescue  missions faster. I hope  this airport will open up  more opportunities for the development of the district,”  said Vineel Krishna,  Special Secretary to  the  Chief Minister  of Odisha.  

 The authorities of  Biju Patnaik International  Airport, Bhubaneswar,  have provided necessary technical  support to operate  the Malkangiri  Airport.  

  Launch of  integrated irrigation project  worth Rs 4,000 billion  

 On the  occasion, CM Naveen Patnaik announced  an  integrated irrigation project  worth Rs 4,000 crore  at Govindpalli, which will help irrigate 92,815 acres of agricultural land and provide drinking water to 1.5 lakh people.  Work on the  project  is expected to  begin  in April and  approximately  37,000 hectares of land will benefit from the project. 

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 Sectors such as BPO, education,  retail  and healthcare  showed  cautious hiring  activity,  with year-on-year declines of 17%, 11%,  11%  and  10% respectively.  

  Recruitment of office workers  in India  saw  a significant  decline of 16%  in December compared to the same  month last  year.  A cautious  hiring  sentiment prevails  across various sectors, including IT, BPO, education,  retail  and healthcare,  according to  a report  released  on Tuesday.  Here’s the industry  analysis: 

  The  IT  industry’s struggles continue:  

 According to  Naukri JobSpeak Index, the IT sector  continues  to face  many  challenges, contributing to  a 16% decrease in the  overall  index.  The sector  saw  a  significant 21% increase  in hiring compared to December 2022 and a  4% decrease  compared to November 2023. Despite the  general  caution in the IT industry,  some positions,  including full-stack data  scientists,  IT infrastructure  engineers,  and automation  engineers, are still seeing quite good  hiring  activity.  

  Growth in the hospitality sector:  

 The hospitality sector continued its growth momentum,  seeing  a 4% increase in  recruitment  compared to December last year. The highest  employment  growth in this sector was  recorded  in Mumbai and Delhi-NCR. 

  Be cautious  in  many areas:  

 Sectors such as BPO, education,  retail  and healthcare  showed  cautious hiring  activity,  with year-on-year declines of 17%, 11%,  11%  and  10% respectively.  

 Stability  of  the oil and gas  industry: 

 Although the oil and gas industry  did not  see significant  growth in new  jobs  in December 2023, it  remained on par with  the same month  last year. The rise of  the  pharmaceutical industry:  

 The  pharmaceutical industry  saw a 2% increase in hiring in December 2023 compared to the corresponding month  of  2022, with maximum growth in new job  openings  in Ahmedabad,  Vadodara  and Mumbai. 

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