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RICE NEWS YOU CAN USE

Issue 30 - 09 Oct 2006

The rainfall in India has been very inconsistent during the monsoons this year. Though the exact impact on rice cultivation has not been finally assessed, an intermediate outcome is discussed herein.

This month's eBook is Magical Healing Properties of Curd.  Gift it to your friends. Its simple - simply mail them this newsletter. They can download it just like you can.

Rice Exports through Kandla Port during August 2006

BASMATI

NON-BASMATI

Impact of Uneven Rainfall On India's Rice Crop

Rice production will be hit in eastern provinces such as Assam, Bihar and West Bengal where irrigation facilities are limited and rains this year were deficient.

Despite deficient rains in rice growing provinces of northwest such as Punjab, Haryana and west Uttar Pradesh, due to irrigation facilities unlike in other parts of the country, the crop is in fairly good shape. Rice production may go up in northwest but it is a costly operation due to use of diesel and electricity to operate tube wells.

On the other hand rice production in south Gujarat, a western Indian province may take a beating due to heavy flooding. The government is yet to make an assessment of the damage caused by flooding and estimate the size of the summer crop.

Japan Lifts Ban On Long Grain US Rice

Japan has lifted its ban on U.S. long grain rice, but will require testing for the presence of an unapproved biotech variety that has been discovered in U.S. stocks, U.S. Department of Agriculture Secretary Mike Johanns said. Japan does not buy long grain rice in bulk, the USDA said, but some U.S. shipments of processed products have been held up by the ban.

EU Confirms Presence Of Tainted GMO Rice

The European Commission confirmed the presence of an unauthorised genetically modified (GMO) strain of rice. 33 out of 162 results of rice samples carried out by members of the European Federation of rice Millers tested positive for the LL601 strain, the European Commission said in a statement. It also said that three bargeloads within a 20,000 MT US rice cargo detained in Rotterdam had tested positive, while 20 other bargeloads had tested negative.
 

Buyers still waiting for the new crop to arrive. Sharbati crop has already arrived and is ruling at  $ 200 PMT and Pusa Paddy at $ 260 which is quite above expectations.

Prices for Basmati Rice are still ruling high. Export prices are also up due to strengthening of the rupee.

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 not wait any longer to cover up all varieties of rice.

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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