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 39 - 02 Jul 2007

 

As per experts, the Indian summer monsoon have so far been on course and is likely to be favourable for agriculture. Let's hope the experts are correct. 

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Miscellaneous Rice News

Rice sowing in India from May 1, 2007 to Jun 22, 2007 has been 2.31M Hectares Vs 2.33M a year ago. In India summer sown crops are planted between May and September for harvest from October onwards.

As per United Nation's Food and Agricultural Organisation (FAO) latest outlook, India is likely to export 4.4 million tonnes of rice in 2007, almost the same as a year ago. However the rise of the rupee against the dollar will make Indian exports dearer.

Indian Basmati is all set to capture 92% of the European market leaving Pakistan variety way behind in competition. According to EU data, in 2005-06 India exported 178,000 tonne basmati rice to Europe which increased to 226,000 tonne in 2006-07 (figures available till June 12). In contrast Pakistan exported 41,478 tonne in 2005-06 and only 27,000 tonne in 2006-07 

Details of Rice Exported 

Through Kandla Port during April 2007. 

Srl No. Rice Type   Destination   Qty(MT)   Value(In Lakhs)

1.       Basmati       S. ARABIA      35891        12816.86

2.       Non Basmati S. ARABIA      10012         1803.57

Through Kakinada Port during

October 2006

Destination QTY(MT)
LIBYA 19,763
SOUTH AFRICA 125,201.5
BERBERA 8,548
BENIN 17,044.5
Total 170,557

November 2006

NIGERIA 122,410
DURBAN 23,371
SENEGAL 18,549
IVORY COAST 43,108
RUSSIA 16,054

Total  

223,492

December 2006

NIGERIA 60,393
AFRICAN PORTS 21,559.5
CAMEROON 23639.5
BANGLADESH 13,034
IVORY COAST 15,042
Total 133,668

Prices & Analysis 

No changes in domestic prices. Also there is hardly any change in export prices

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 920

Pusa Parboiled 

NA 845

Pusa Steam

NA 955

Sharbati Raw

NA 660

Sharbati Steam

NA 685

Sharbati Parboiled

NA 650
PR 106 Parboiled 300 broken 5% 2/3 basis NA 400
PR 11 Steam NA 550
PR 11 Parboiled NA 490
PR 11 Raw NA 490
Rice 1121 Steam NA 1125
Rice 1121 Parboiled NA 1075
Rice 1121 Golden Parboiled NA 1100

Trade Reporting 

Business of about 20000 MT 1121 Steam at $1080 to $1100/- reported from Dubai for onwards destination to Iran. 

Recomendations 

Still the prices for Crop 2006-07 have not shown any signs of coming down. 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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