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RICE NEWS YOU CAN USE Issue 47 - 20 Mar 2008
Many Asian nations are badly affected due to soaring food prices. In view of the rapidly depleting grain stockpiles, there is a need for a new Green Revolution to satisfy food demand that is forecast to jump 50 percent by 2025.
This month's eBook is Benefits Of Banana. Gift it to your friends. Its simple - simply mail them this newsletter. They can download it just like you can.
Asia nations hurting as price of rice soars-
The soaring price of rice has triggered a supply and demand crunch that is hurting some of Asia's neediest nations, forcing them to spend more on imports, industry experts and officials say. For the likes of Thailand and Vietnam, the world's two biggest exporters of the grain, the rising demand is a money-spinner with rice now selling at more than $500 dollars a tonne in Bangkok and nearly as much in Hanoi. But from Bangladesh to the Philippines, from India to Indonesia, the squeeze is bad news as they seek to balance cost with the imperatives of feeding hungry populations and averting social chaos. Details of Rice Exported Through Kandla Port during Dec 2007, Jan 2007 & Jan 2008. Basmati 1. S. ARABIA 20730 7273.69 2. YEMEN 3799 1480.55 Total 24529 8754.24 Jan 2007 1. S. ARABIA 29386 7286.27 Jan 2008 1. S. ARABIA 34095 12979.74 2. UAE 1654 821.72 Total 35749 13801.46 Non Basmati Srl No.
Destination Qty(MT) Value(In Lakhs) Jan 2007 1. S. ARABIA 7645 1242.90 2. NIGERIA 31049 3977.16 Total 38694 5220.06 Jan 2008 1. S. ARABIA 18734 3598.85
There is no respite on rise in prices. In fact prices have taken a major jump since last month due to worldwide shortage. 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
Large quantities of Parboiled 1121 sold at $1590/- No major business forthcoming from Saudi Buyers.
To buy immediately.
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