Sole Suppliers To

A Reputed MNC   

Exporter Since  

16 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

 

 

 

 

 

 

 

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 45 - 15 Jan 2008

Hope you had received our New Year Greetings. We once again wish you good health, happiness and prosperity all through 2008.  

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Miscellaneous Rice News

Assamese aromatic rice to find place on European plates - The famed aromatic 'Joha' rice, unique to Assam, is being exported to the UK, Germany and Switzerland. The first consignment would contain 60 metric tonnes of the flavoured organic Joha rice. The export is expected to boost at least 154 farmers initially, official sources said.

Pusa 1121 or Pusa Sugandh 4, has entered the Limca Book of World Records - IARI's latest basmati variety, when cooked, is nearly an inch long and commands a $100 per tonne premium. Basmati growers are in for a windfall thanks to the metamorphosis of grain attributes and productivity of this premium aromatic rice. Farmers have managed to more than double, or even triple, their earnings by growing the new basmati-type varieties evolved by the New Delhi-based Indian Agricultural Research Institute (IARI), better known as the Pusa Institute. Apart from substantially higher yield, these varieties have grains of exceptionally good quality to command better prices in the domestic and export markets. One of the new varieties, Pusa 1121 or Pusa Sugandh 4, has entered the Limca Book of World Records for the extraordinary length of its cooked grains, between 20 and 25 mm or almost one inch. As such, the rice of this variety carries a price premium of nearly $100 a tonne in the international market, ensuring good returns to both growers and exporters.

MEP increased to $ 500 with effect from last week of Dec 2008 - With a view to discouraging exports to augment domestic supplies, the Union government has raised the minimum export price (MEP) for all non-basmati rice shipments from $ 425 (Rs 17,000) a tonne free on board (f.o.b.) to $ 500 (Rs 20,000) a tonne with immediate effect.

Prices & Analysis 

2007-08 Crop paddy prices still firm due to large sales to Saudi Arabia. Exporters fast covering up their short positions. 

Prices (All prices in USD). 

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

Crop                                 Year->

2006-07 2007-08 

Raw Basmati 

1650 1630

Parboiled Basmati 

NA 1525

Raw Pusa  

NA 1350

Pusa Parboiled 

NA 1300

Pusa Steam

NA 1350

Sharbati Raw

NA 890

Sharbati Steam

NA 945

Sharbati Parboiled

NA 930

PR 106 Parboiled 300 broken 5% 2/3 basis 

NA 485
PR 11 Steam NA 610
PR 11 Parboiled NA 610
PR 11 Raw NA 560
Rice 1121 Steam NA 1425
Rice 1121 Parboiled NA 1350

Trade Reporting 

About 50000 MT Parboiled mix of 70 Basmati 30 Pusa sold at $1380/-.to Saudi Arabia Buyers. No large business reported after this. 

Recomendations 

To buy immediately.

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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