Sole Suppliers To

A Reputed MNC   

Exporter Since  

15 years        


We Will Deliver

What We Promise

When We Promise



Desire


Mutual Gains

Satisfying Relationship 

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

 

Seeing Is Believing

 

    

Visit our Mills

 

 

 

 

Contact us

 

 

 

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 21 - 07 Jan 2006

 

After doing good business with South Africa and Nigeria, as reported in our last newsletter, Indian exporters have now made a good sale to Western Africa.

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Hope you like our gifts!!  Do pass it on to your friends and acquaintances.  

Miscellaneous Rice News

20,000 MT Raw Rice Sold To West African Country

An Indian trading firm has sold 20,000 MT of raw rice for shipment in Jan 2006 to West Africa. 

The deal is for the export of 25% broken raw rice and shipment will be from one of the south Indian ports. 

The rice was sold at $290 PMT, cost, insurance and freight. The rice is from the crop harvested in 2005. 

Excess Post monsoon Rains Hamper Rice, Cereals Sowing

Heavy rains in South India have come as a dampener to rabi sowing, affecting coverage of rice, groundnut and coarse cereals. 

According to the Ministry of Agriculture, seven of the 36 meteorological sub-divisions in the country have received excess rainfall during the post-monsoon season from October. South India, in particular, has received 58 % excess rainfall during the period. 

As a result, coverage of rice has been affected in Andhra Pradesh (-70,000 hectares compared with the same period a year ago) and Kerala (-10,000 hectares). 

Though Tamil Nadu's coverage of rice is up 30,000 hectares, a final picture is awaited pending reports of damage by the rains. 

Overall, sowing of rice in the country is down by 61,000 hectares to 5.59 lakh hectares (lh) during the current rabi season compared with last year. 

Prices & Analysis 

Prices (All prices in USD). 

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

Crop                                 Year->

2003-04 2004-05 2005-06 

Raw Basmati 

695 670

Parboiled Basmati 

640 565

Raw Pusa  

NA 608

Pusa Parboiled 

NA 535

Sharbati Raw 

NA 445

Sharbati Steam 

NA 455

Sharbati Parboiled 

NA 430

PR 106 Parboiled 300 broken 5% 2/3 basis 

PR 11 Steam 

NA 310

370

Trade Reporting 

Prices of 2005-06 crops are as under:-

  • Sharbati Paddy $ 195 pmt.

  • Pusa Basmati $ 260 pmt.

  • Basmati Paddy $ 300 pmt.

Paddy arrivals continues to be in full swing in all the Mandi’s and all the Exporters/Traders are in the market for purchasing.   

There has been a sudden spurt in Pusa Basmati because of reports of less crop. In sympathy basmati and sharbati prices are also up. 

About 300000 MT Parboiled Basmati reported to have been purchased by Saudi Buyers during the last month. At the rates $516 and $530/- for 70/30 and $470/- for Parboiled Pusa Basmati.   

Recomendations 

This is the time to buy as arrivals will now start depleting.

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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