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RICE NEWS YOU CAN USE Issue 63 - 29 Jul 2009 In an attempt to deal with the deficient rainfall in the country, the Food and Agriculture Minister Sharad Pawar has announced an immediate ban on exports of non-Basmati rice and wheat while offering subsidy on diesel to farmers. He ruled out the possibility of any shortage of food grains for the next 13 months. Elaborating the measures, Mr Pawar said exports of non-Basmati rice and wheat that was allowed through diplomatic channel would be completely banned.
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India:
Poor Monsoon Shrinks Paddy Acreage - Delayed
monsoon rains in parts of Northern India have affected the overall paddy
sowing across the country with the area under the crop declining by almost 21
% to 114.63 lakh hectare till against 145.21 lakh hectare in the year-ago
period. Indian
Farmers Turn To Basmati Amid Water Issues - Lesser monsoon
rains have made local farmers in Punjab and Haryana to focus on premium
Basmati cultivation and an increase in acreage in the key producing states
indicates higher output and export of the aromatic long grain this year. FAO Predicts Reduction In India's Paddy Output - According to the latest estimate by the United Nations Food and Agriculture Organization (FAO), India’s rice output is likely to decline by a marginal 2.55 % this year on delayed monsoon and uncertainty over follow-up rain in the agriculturally crucial month of July. Currently, sowing of kharif coarse grains and paddy for harvest in September is underway in the country. The early outlook for kharif crops is unfavorable because of the delayed southwest monsoon in some major producing regions. By July 2, the all-India cumulative rainfall was 46 per cent below average. However, the final outcome would depend greatly on the development of the monsoon rain in July and August, the report said. The
forecast has meanwhile envisaged a total cereal output at 260.6 MT this year
as against 265.4 MT in the previous year. May
2009
- No Exports from India
Prices are now stable, in spite of poor Monsoons in June/July. It did rain in some parts of North India during end July but was not adequate. However Bumper Crop of Basmati etc expected because of late monsoon. The Farmers who could not plant Non Basmati because of lack of water will now opt for Basmati/Pusa/1121 Paddy. As per survey undertaken Pusa crop expected to be 40% less than last year and 1121 expected to be 60% more than last year. 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
Saudi Buyers are still refraining from buying. in fact in May 2009 export to Saudi was less than 50% compared to the same period last year which has been covered up by export to UAE for onward shipment to Iran/Iraq. Large quantities of Sella 1121 purchased by Iranian Buyers at $ 1450/- to Rs 1475/-. However because of the high prices only blended material is now being contracted.
Buyers who have not covered 2008-09 crop should now cover as stocks now depleting.
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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