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Sole Suppliers To A Reputed MNC Exporter Since 15 years
What We Promise When We Promise
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Jagat Agro Commodities Pvt Ltd
5586, II Floor, Naya
Bazar Telephones 91-11-23936640 91-11-23921366 accounts@jagatagro.com
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RICE NEWS YOU CAN USE (Issue 1 - 31 August 2004)
This
fortnightly goodwill complementry newsletter has been produced
by our specially constituted team of experts who have collected all
relevent data pertaining to rice in India and analysed the
impact of the same to help you plan your rice
purchases better. Monsoon Plays Truant. Weather has been very unpredictable during the 2004 monsoon season so far. Rains did not set in at the scheduled time in almost one third of the country. Till third week of July, there were fears of draught being declared in many parts of the country. However the late onset of monsoons in these areas ultimately saved the situation. The situation as on date is that most areas in North India have also got ample rain specially for the Basmati crop. In the Non Basmati crop areas, where it was sown and spoiled due to late arrival of rains, the farmers have switched to sowing Basmati crop. As of now it seems that the total production of rice may be more or less equivalent to last years. However the quality of the late sown crop may not be good. Current Prices. 1. Prices of Basmati Paddy have dropped by USD $ 11/-PMT and may fall further. 2. Rice prices are ruling at USD $ 604/- PMT for raw and USD $ 540/- PMT for sela (Parboiled) ex factory in Gunny Bags. 3. New crop prices are expected to be USD $ 300/- PMT for paddy resulting in USD $ 560/- PMT for Raw and USD $ 495/- for Sela.
Expectations.
Old crop prices will remain steady till November as demand from foreign buyers are as yet not forthcoming.
Recomendations.
Buyers short of old crop should cover up now as the prediction of high price of USD $ 300/- PMT for new crop paddy becoming a reality will definitely push up the prices of old crop paddy. Please lookout for the next issue of Rice News You Can Use after a fortnight. Please enable HTML viewing & Display Attached Images with Message in your browser if you are not seeing this mail correctly. Please be assured
that we have adequate procedures in place to
ensure that no mail sent by us will have any virus traces. So enjoy
reading emails without any fears of virus reaching
your inbox.
Jagat Agro Commodities Pvt Limited
Your privacy is extremely
important to us. We will never rent, sell or share your email
address with anyone. If due to any reason you wish to opt out of Jagat's
"Rice News You Can Use" at any time, your name will be
courteously taken off.
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