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RICE NEWS YOU CAN USE Issue 29 - 09 Sep 2006
Rains have played truant in India during the monsoons this year. The inconsistency has led to floods in Barmer district of the state of Rajasthan, which generally faces drought conditions for years together.
This month's eBook is Magical Healing Properties of Fenugreek. Gift it to your friends. Its simple - simply mail them this newsletter. They can download it just like you can.
Rice exports through
Pertrapole Land Customs Station, West Bengal to Bangladesh during the
period of January to July 2006 are as under. Transplantation Status in North Indian Basmati Belt 75% of Transplantation for the new crop (2006-07) in the Northern Part of India where Basmati is grown has been completed. As per reports more Farmers are sowing 1121 instead of Basmati Rice. United States’ loss is likely to be India’s gain. An export market of about 3-4 lakh tonne of non-basmati rice has opened up after Japan banned rice imports from US on detection of genetically modified grains in the samples of commercial long-grain rice. The opportunity may turn out to be bigger if EU too initiates similar action since India does not grow any gene-modified variety of rice. Unapproved, gene-modified
rice made by Bayer Crop Science AG, was found in commercial US rice
supplies during the 2nd week of Aug 2006 following which Japan, the second
largest importer of rice from the US, announced a ban. For years together, the
people in India have savored the basmati rice of Uttaranchal. And now, the
fragrance of this famous rice variety would soon waft out of rice bowls in
European countries as well as south Indian states, thanks to a new
agreement.
Buyers now waiting for the new crop to arrive. Sharbati crop has already arrived and is ruling at $173 PMT which is quite above expectations. Price for Basmati Rice has risen due to higher opening of Sharbati prices and reports of lower crop for the new season Prices (All prices in USD). Export Prices CNF Gulf Countries. In USD PMT, all prices tentative in 45/50 kg new jute bags (Sortexed)
No major trade reported
Should immediately cover up all varieties of Rice as per requirement as stocks of 2005-06 are fast depleting.
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. 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
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