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

802, 8th Floor, Ambadeep Building, 14  K. G. Marg Connaught Place, New Delhi - 110001

Telephones

91-11-41525377 

Fax

91-11-41525344 

E-mail 

jagatnews@jagatagro.com
sales@jagatagro.com

 

Website

www.jagatagro.com

 

 

 

 

 

 

 

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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 38 - 11 Jun 2007

 

On World Environment Day this year i.e on 5 Jun 2007 there was a lot of coverage about the negative impacts of global warming in media across the world. Dissemination of such knowledge is good for the mankind. All of us should do our bit to improve the environment.

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Miscellaneous Rice News

High yielding rice varieties change Economy of Tripura villages - The high-yielding rice variety Nabin, Shanti and Pusha-44 have changed the economy of five villages of the Bagma segment in South Tripura, about 50 kms south-west of Agartala. With help from ICAR Research Complex, Tripura centre, about 30 hectares, including seven hectares of wasteland in the villages, are now covered by green crops, while about a 100 marginal farmers have got an assurance of food security round the year, official sources said. For about a decade, the poor villagers in the region were seriously affected due to the emergence of militancy. A number of internal displacements were also reported in the area but now it becomes a model agricultural village of the state. 

UAE may face Basmati shortage - Pakistani companies claim they have been incurring heavy losses since the UAE Ministry of Economy capped import prices. UAE may fall short in Basmati rice stocks if Pakistani rice suppliers follow through with threats to reduce exports or withdraw from the market completely. 

Details of rice exported through Kakinada Port are as under

July 2006

Destination QTY(MT)
Africa 51,132.55
African Ports 13,432.5
Cameroon 20,057
Ivory Coast 40,113
Nigeria 25,525.5
Russia 3,012
Somalia 17,150

Total

1,70,422.55 

August 2006

Benin 12,038
Durban 64,759
Iraq 8,021
Ivory coast 23,563
Mozambique 15,143
Senegal 28,000
West Africa 24,065

Total  

17,5589 

September 2006

Abidjan 20,024
African ports 20,309.5
Benin 41,617.5
Cameroon 43937.5
Doula 17,043
Durban 23,068.5
East London 3,861
Kenya 22,584
Nigeria 13,3930.5
Russia 3,715
Somali land 8,033
Total 338123.5

 

Prices & Analysis 

There have been no significant changes in domestic prices. Export prices have increased slightly due to the rupee further strengthening against the US Dollar 

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->

2005-06 2006-07 

Raw Basmati 

1105 1115

Parboiled Basmati 

NA 1005

Raw Pusa  

NA 910

Pusa Parboiled 

NA 835

Pusa Steam

NA 955

Sharbati Raw

NA 650

Sharbati Steam

NA 685

Sharbati Parboiled

NA 650
PR 106 Parboiled 300 broken 5% 2/3 basis NA 415
PR 11 Steam NA 565
PR 11 Parboiled NA 505
PR 11 Raw NA 515
Rice 1121 Steam NA 1105
Rice 1121 Parboiled NA 1030
Rice 1121 Golden Parboiled NA 1055

Trade Reporting 

Still no major business reported. However, if Pakistan suppliers reduce exports because of heavy losses the pressure will increase to buy from India. 

Recomendations 

The prices for Crop 2006-07 have only risen  and chances of prices coming down are very remote. Should cover up. 

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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