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RICE NEWS YOU CAN USE Issue 46 - 15 Feb 2008 As per the latest rice market
monitor of the Food and Agriculture Organisation (FAO), prospects for the next few months point to further price gains at least until March 2008 when new rice supplies will become available from the 2007 secondary crops in northern hemisphere countries and from the first 2008 paddy crops in the southern hemisphere
countries.
This month's eBook is Benefits Of Apricot. Gift it to your friends. Its simple - simply mail them this newsletter. They can download it just like you can.
Rice millers' group warns of rising prices
- Rice millers' group believes rice prices could go even higher if supply tightness continues in 2008 and says businesses will be forced to pass on price increases to the final
consumer. Britain, which has a strong appetite for Indian and Chinese food, is Europe's leading rice importer. In recent months, big rice producing countries such as India and China have imposed severe restrictions on exports in order to retain supplies for domestic consumption, while others such as Vietnam and Egypt have banned exports altogether. Riceman gets PadmaShri -
He's sown the seeds of a possible second green revolution—by developing a hybrid variety of rice. Sant Singh Virmani has spent most of his working life dedicated to the cause of producing higher yields of rice for the populations of Asia, including India. It hasn’t been easy. Quite apart from the hard work involved in developing the actual product, he’s had to work harder — at convincing reluctant governments, private companies and naysayers, that his belief in the technology was neither impractical nor uneconomical. “I had to struggle for 10-15 years, from 1980s onwards,” says Virmani, former principal scientist at the premier International Rice Research Institute (IRRI) in Manila, Philippines. But, by the time he retired in 2005, Virmani’s dream had begun to come true. Last year, 2.5 million hectares of land in Asia, outside China, was dedicated to the growth of hybrid rice. Nearly half that land is in India. And, according to Virmani, the Indian Government has committed to adding another 2-3 million hectares in the next five years. In recognition of his work in developing hybrid rice technology, last month, the 68
year old Virmani — now a resident of Plano, Texas — has been honoured with a Padma Shri. In 2005, he was honoured with the Pravasi Bhartiya Samman award.
Price correction due to USD strenthening. Paddy arrivals are now fast depleting. 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
Good quantities of Parboiled 1121 sold at $1110 to $1150 and Steam at $1400/- to $1450/- to Dubai Buyers. 50% each Sharbati/PR11 steam sold at $ 825/-
To buy immediately.
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