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RICE NEWS YOU CAN USE Issue 9 - 15 Jan 2005) Dear [name], The loss of life and property in the Tsunami Disaster in the last week of 2004 was unprecedented. We at Jagat Agro Commodities are as touched for those who suffered as is the entire world. Voluntary donations to the Indian Prime Minister's Relief Fund have exceeded all expectations.
Hope you liked the eBooks on "The Collosus of Rhodes" and "The Mausoleum of Halicarnassus". Continuing with the research, we have compiled the third ebook of this series "Seven Ancient Wonders of the Ancient World". Please download from the link later in this newsletter, "The Hanging Gardens of Babylon". Hope you will like it!! Do pass it on to your friends and acquaintances. If you missed out on receiving any of the gifts from us, you may download the same at your convenience. Download link and instructions are at the end of this email.
CARI Identifies Paddy Varieties For Tsunami Affected Areas The scientists at Central Agricultural Research Institute have identified two salt resistant varieties BTS 24 and BTS 28 developed last year along with 32 sodium resistant strains as sweet cultivar for shore based farmers. These are planned for tsunami-devastated paddy fields in Andaman and Nicobar islands rendered unfit for cultivation due to high salinity. As Per IARI Rabi Crop Prospects Are Bright As per IARI director Dr S Nagarajan the prospects for the standing rabi (winter) crops are bright. Though there is some decline in the acreage under wheat in some parts of the country. The prevailing fog is good for crops
Prices (All prices in USD). Price of New Crop Basmati Paddy is $ 320 PMT inclusive of expenses. Price of Old Crop Raw Basmati Rice is $ 750 PMT ex factory in gunny bags. Export Prices CNF Gulf Countries. In USD PMT, all prices tentative in 45/50 kg new jute bags (Sortexed) Old Crop
New Crop
No large trade reported. Besides old crop Raw Basmati, new crop rice is also available. Arrivals of all Paddy is now in trickles. Due to absence of overseas buyers, prices had shown a slight downward trend but the exporters in full strength are now in the market, with a view that these are rock bottom prices for this season. Hence there is a fresh current in the market.
Now is the correct time to buy as the prices now seem to have reached the lowest level. Arrivals will gradually slow down, whereafter Exporters will have to buy from traders, who will charge their margins.
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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