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RICE NEWS YOU CAN USE Issue 62 - 30 Jun 2009 The government of India is likely to take a call on the new rice export policy only after September when the new season begins and the stock position emerges clearly.
This month's eBook is Benefits Of Cabbage. Gift it to your friends. Its simple - simply mail them this newsletter. They can download it just like you can.
Weak
monsoon casts shadow over agricultural output - Going by the
Monsoon update received from the India Meteorological Department (Met), till
June 17, the amount of rainfall that the whole country received was about 54%
less than the 10-year average for the corresponding period. Also, for the
week ended June 17, of the 36 Met divisions in India, up to 28 received
deficient or scanty rainfall during the period, a research note from Emkay
Global Financial said. Rice
Procurement Crosses 304 Lakh MT - Rice procurement by the Food
Corporation of India has touched a new record with over 304 lakh MT of food
grain purchased so far this season, about 18 % more compared to the same
period last year. Pakistani rice exporters are focusing more on Asian and African markets to increase their exports. Indian
Rice Exports Reduce To 2.5 Mil MT - India's rice
export is estimated to have reduced by a half to nearly 2.5 million MT in
2008-09 compared to the same period last year although overseas shipment of
the commodity has remained at about the same level in value.
Prices of Sella 1121 continue to rise because of the demand by Iran. Since there is no demand from Saudi, prices for Basmati and Pusa remain stable. 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 $ 1400/- to Rs 1450/-. However because of the high prices only blended material is now being contracted.
Buyers should cover.
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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