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RICE NEWS YOU CAN USE Issue 59 - 03 Apr 2009
Rice exporters from India have decided to approach the government to request
for an immediate reduction of the minimum export prices of Basmati rice in
order to enable them compete with rival Pakistan.
This month's eBook is Benefits Of Asparagus. Gift it to your friends. Its simple - simply mail them this newsletter. They can download it just like you can.
Indian
Rice Procurement Up By 18% - India's rice procurement helped mainly
by an all-time high harvest is moving to hit a record this year with 18 %
increase till date over a year ago. ICAR
has been working on technologies on a system mode of operation for direct-seeded
rice, mechanical transplantation of rice crops and experiment on cultivating
rice on rice beds under the All-India Coordinated Rice Improvement Project
(AICRIP). India may soon get Chinese nod for basmati exports - India may soon be allowed to export basmati rice to China, Commerce Secretary G.K. Pillai said. "We
have discussed the issue with the Chinese government. We are hopeful that we
would get a formal approval in the near future," he told reporters after
holding talks with a visiting Chinese team, led by Vice-Minister for Commerce
Zhong Shan. Basmati 1. S. ARABIA 74042 31398.25 2. KUWAIT 12000 5580.84 Total 86042 36979.09 Feb 2009 1. S. ARABIA 20222 11216.48 2. UAE 34461 18365.47 3. KUWAIT 7290 4883.42 4. IRAN 3245 1715.47 Total 65218 36180.84 Non Basmati Srl
No. Destination Qty(MT) Value(In Lakhs) 1. S. ARABIA 23293 5005.32 Feb 2009 1. No Exports from India
Prices of Sella 1121 take a major jump because of the demand from Iran. Basmati Prices are also rising. Paddy arrivals have now more or less stopped. However traders are holding large quantities of stocks. 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 IF APPLICABLE
Large quantities of Sella 1121 purchased by Iranian Buyers at $ 1030/-. Government still keeping $1100/- FOB MEP and ban of Non Basmati Rice deterring sales to the International Market Relaxation of ban as of now is likely to happen only after the elections.
Buyers should cover.
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