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A Reputed MNC   

Exporter Since  

15 years        


We Will Deliver

What We Promise

When We Promise



Desire


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Taboo

 

 

Underquoting for

Bagging Orders


 

Strengths

 

 

Financial Capability      

  

Industry Experience 

  

Requisite 

Infrastructure

  • 3 Mills with latest  machinery

  • Offices in major rice trading centers

  • Adequate warehousing

Consistent Quality

  • Experienced rice QC analyst

  • Latest testing equipment

  • We care for each grain

 

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Jagat Agro

Commodities Pvt Ltd

5586, II Floor,
Lahori Gate

Naya Bazar
Delhi-110006

Telephones

91-11-23936640 
91-11-23941832
Fax

91-11-23921366 

E-mail 

jagatnews@jagatagro.com
sales@jagatagro.com

 

Website

www.jagatagro.com

 

 

 

 

 

 

 

We will be happy to supply you rice as per your requirement. Ask us for a quote when you want to buy next. 

 

RICE NEWS YOU CAN USE

Issue 12 - 02 Apr 2005

 

We will be sending you Rice News You Can Use once a month from now on.

Gift eBook of the Fortnight

Email Basics: You will find this eBook beneficial whatever your experience of use of email.

Hope you downloaded the four eBooks about the Seven Wonders of The Ancient World namely "The Collosus of Rhodes", "The Mausoleum of Halicarnassus" and "The Hanging Gardens of Babylon" and "The Great Pyramid of Giza" . We are targetting at presenting you the remaining three with our next newsletters.

Hope you like our gifts!!  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.

Miscellaneous Rice News

APEDA encourages adoption of organic farming by small farmers 

APEDA is likely to introduce group certification for small farmers for adoption of organic farming  from May 2005,  to involve more small farmers to get premium price for their organic produce. 

It has brought out organic manuals like the guidelines for production of organic products like rice, sugar, pineapple etc.

PM assures more funds for farm research 

The Indian Prime Minister, promised rural India a "new deal" to reverse decline in farm investments through increased funds for agricultural research, irrigation and wasteland development.

The Planning Commission is considering setting up a Food and Nutrition Security Watch to function as a "think tank" on food and nutrition security issues as well as a programme-reviewing agency.

The need to promote greater public-private partnership in the areas such as biotechnology, power, irrigation and other rural infrastructure and in agricultural research has been accepted.

Prices & Analysis 

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 down at $ 700 PMT ex factory in gunny bags, due to lack of buyers.

Export Prices CNF Gulf Countries. In USD PMT, all prices tentative in 45/50 kg new jute bags (Sortexed) 

Old Crop

  • Raw Basmati 780

  • Parboiled Basmati 700 on specific order

  • Pusa Raw  Not Available

  • Pusa Parboiled  Not Available

New Crop

  • Raw Basmati  680

  • Parboiled Basmati 635  

  • Raw Pusa  635

  • Pusa Parboiled 590

  • Sharbati Raw 460

  • Sharbati Steam  485

  • Sharbati Parboiled 460

  • PR 106 Parboiled  325

Trade Reporting 

Although Babaker from Saudi Arabia has purchased about 70000 Mt of Rice 70b/30p at $640 cnf, he has as yet not opened the L/C. Hence prices have fallen as exports are very low. He is expected to visit India during April when he is expected to buy more and confirm dates for his shipments.

Other than the above there are small quantities sold to the Middle East. Basmati rice prices have fallen, because of March ending book closure. Prices of all other varieties are stable.

 

Recomendations 

Saudi buyers have already started showing interest in buying and are expected to buy in large quantities in April/May when the expected rice in prices may materialize. 

One can skip the month of April for purchases however should not delay it beyond the first week May.

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 month. 


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