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Sole Suppliers To A Reputed MNC Exporter Since 15 years
What We Promise When We Promise
Satisfying
Relationship
Underquoting for Bagging Orders
Strengths
Financial Capability
Industry Experience
Requisite Infrastructure
Consistent Quality
Seeing Is Believing
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Contact us
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 3 - 04 Oct 2004)
Hope you liked the eBook on Qutub Minar sent with our last newsletter. To keep the size of the email small and to ensure that you have no problems in receiving the eBooks, from this issue onwards, we shall upload the eBook on our website and send you a link with our newsletter to download the same. Gift of the Fortnight. TajMahal (Agra, India) (Tajmahal.Zip 619 kb) Connect to the internet and click the left button of your mouse twice or the right button of the mouse once HERE to download the eBook at your convenience anytime before 31 Oct 2004. Gandhi Jayanti(02 Oct 2004). We pay respectful homage to Mahatma Gandhi - "The Father of the Nation" - the world renowned messenger of peace. Miscellaneous Rice News. Unseasonal rains lashed North India on 2 & 3 Oct 2004. Its impact on rice crop is not known as yet. Late withdrawal of rains in southern parts of the country resulted in sowing of rice in almost about 7 million hectare in South India during the second week of Sep 2004. Government policies in regard to non restoration of subsidies for grain exporters discontinued in August 2003 and restrictions to allow stocks to be lifted from the Central Pool till the end of the rabi season is likely to result in a major shortfall in rice exports compared to last year. We applaud the determination of the hardy people of Sangrur - Punjab, who despite all odds, not only succeeded in saving their standing crops from diseases, but also improved per hectare yield compared to last year. Large scale invasion of caterpillars and rodents has caused immense damage to paddy fields in Mizoram located in the North East of India, triggering fears of a famine in this area. India has sought help from Australian and Cambodian experts. Analysis It is now confirmed that Basmati Pusa crop has been adversely affected by the erratic behaviour of monsoons this year. There are still no reports of damage to Basmati crop. The quality of the late sown crop may not be good. Prices(All prices in USD). Price of Basmati Paddy is stable at $ 325 PMT ex Mandi (Trading Centers) in gunny bags. Rice prices are ruling at $ 610 PMT for raw and $545 PMT for non- sortexed for sela (Parboiled) ex factory in gunny bags. There has been a spurt in prices of old Pusa Rice by $30 PMT New crop prices are expected to be $ 300 PMT for paddy resulting in $ 565 PMT for raw and $500 for Parboiled. Ex factory. Export Prices CNF Gulf Countries. In USD PMT, all prices tentative in 45/50 kg new jute bags (Sortexed) Old Crop
New Crop
Trade Reporting. 1500 MT of Branded Steam Sharbati rice reported being sold in the local market at $360. 5000 MT Pusa Brown sold to Europe at $ 460 CNF. Expectations. Since no significant demand from foreign buyers is forthcoming, old crop prices are likely to remain stable till November. Recomendations. It still is the right time for buyers short of Old crop to purchase the same, as prices of old crop paddy will surge, if as expected, price of new crop paddy touches $ 300 PMT. Disclaimer. Though analysis
& recommendations contained herein are unbiased &
sincere views expressed by Jagat News Team, buyers are advised to
use their personal experience, wisdom and discretion for making
purchase decisions. Please lookout for the next issue of Rice News You Can Use after a fortnight.
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