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RICE NEWS YOU CAN USE Issue 52 - 30 Aug 2008 While India has decided to continue the ban on export of rice, wheat and pulses, Pakistan has lifted the curb on MEP of Non Basmati Rice and consequently for the first time in several years Pakistan is likely to pip India in the list of rice exporting countries.
This month's eBook is Benefits Of Muskmelon. Gift it to your friends. Its simple - simply mail them this newsletter. They can download it just like you can.
India
Rice Planted Area(1 Jun - 21 Aug) Up On Year - According to
the latest data released by Indian Agriculture department, India's summer
rice planted area from June 1-Aug. 21 was 32.46 million hectares, up from
30.36 million hectares during the year-ago period. Pakistan
removes MEP on non-basmati rice - The Pakistani government has
removed a minimum export price of $750 PMT on non-basmati rice to boost
shipments of the grain amid an increase in output.
Coupled with weakening of rupee, downward shift still persisting in prices. However local market has slightly strengthened after weakening to a new low last month. 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. PRICES
ARE EXCLUSIVE OF EXPORT DUTY OF $200/- PMT
New crop paddy arrivals have started. However Exporters/Millers have decided not to buy due to wrong policy guidelines of the Government.
Since end of season is approaching, buyers short in stock should cover now.
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. Please enable HTML viewing & Display Attached Images with Message in your browser if you are not seeing this mail correctly. Please
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