Friday, 13 December 2013

Rice output & Exports This Year Likely Decline : USDA, 10 December 2013

Rice output of India is likely to decline to 103 million tons in 2013-14 on crop damage. Exports are also expected to be lower at 10 million tons, according to latest USDA report.
Rice production has been lowered to 103 million tons (from 105 million tons last year) as the recent cyclones in the eastern coast and heavy rains have damaged the standing rice crop, which was at maturity and harvest stage, in eastern and southern states.” The US Department of Agriculture (USDA) said.
USDA said: “Domestic Rice prices have gained strongly in November on reports of crop damage in Andhra Pradesh and other eastern state. Rising domestic Rice prices over the last few months has been a major concern for the government.

On Rice exports, the USDA said the shipments are expected to decline to 10 million tons in the 2013-14 marketing year (October-September) against the estimated 10.9 million tons last year.

Friday, 22 November 2013

Rice Millers Building Inventories On Expectation Of Prices Rise, 15 November 2013

The rice market witnessed a mixed trend on Thursday with prices of Sharbati and Pusa-1121 ( sela)rice varieties improving, while other aromatic & non-basmati varieties ruling unchanged.

Exporters are getting demand from Iran and Iraq. Rice millers are building up inventories, expecting prices to go up further in coming days. 

West Asian Demand May Boost Basmati Exports, 13 Nov 2013

The quantity of basmati rice that was exported in the 2010-11 fiscal has almost been shipped out in the first 6 months of the current financial year.
Due to Strong demand from the key traditional markets in West Asian countries like Iran, Saudi Arabiaand Iraq, Basmati shipments are likely to double to close to 4 million tonnes in past 3 years.
In the current fiscal, basmati exports have increased by 16 % in volumes to exceed 2 million tonnes against 1.7 mt during the same time a year ago.
“ If Demand continues to be good from the traditional buyers, at this speed we may end up exporting over 3.8 mt for the current fiscal,” said R. Sundaresan, Executive Director of the All-India Rice Exporters Association.

Only factor that could hurt exports is rising prices of the raw material, 1121 paddy variety. Prices of raw material have almost doubled in the past one year. 

Aromatic & Sharbat Rices varieties improved On Bulk Buying, 12 Nov 2013


Higher buying by bulk buyers pushed up aromatic and Sharbati rice price , while PR varieties ruled firm on moderate buying. 

Country Rice Exports Estimated At 11 mt. In 2012-13, 6 November 2013

New Delhi
Rice export of country estimated at a record 11 mt in 2012-13 marketing year ended September this year on bumper production and strong overseas demand, according to US Department of Agriculture (USDA).
Rice export of India, the world 2nd largest producer, stood at 10.38 mt in 2011-12 marketing year that runs from October to September.
“2012-13 export estimates is raised to a record 11 mt based on preliminary official statistics for October 2012 to August 2013, and shipping data compiled by a private source for September 2013,” USDA said in a report.

USDA has also revised the rice export estimates for 2013-14 to 10 mt from earlier projection of 9.3 mt.

Thursday, 31 October 2013

Rice Prices Improved On Higher Paddy Prices & Demand, 29 October 2013

Rice market witness bullish trend continued on Monday, with prices of aromatic and non-basmati varieties up . Higher paddy prices coupled with overseas & domestic demand pushed prices up further.         

Friday, 18 October 2013

Arrival Of New Crop Pulled Down Rice Prices, 15 October 2013

Sluggish domestic demand coupled with arrivals of new rice pulled the prices down

India Overtaken Thailand As leading Rice Supplier To Singapore, 14 October 2013

India has overtaken Thailand as the biggest rice supplier of Singapore for the 1st time, exporting 92,865 tonnes or 32.9 % of the total rice supply to the island nation in the 1st 8 months of 2013. Thailand shipped 85,816 tonnes or 30.4 % during January-August. Vietnam supplied 77,459 tonnes or 27.4 % during this period.
Rice exports to Singapore by India had risen to 29.5 % last year from 15.3 % in 2009. Thailand has been the leading rice supplier to Singaporesince 1998 between 1998 and 2011.
“Importers taking advantage of the lower prices of Indian rice compared to Thai rice,” said a Trade and Industry Ministry spokesman.
Other rice suppliers to Singapore include Myanmar (2.5 %), Pakistan (2.4 %), United States (2.2 %), Cambodia (0.9 %) and Australia (0.6 %) as well as others (0.7 %).

Friday, 27 September 2013

Rice Rule Range-Bound With Marginal Fluctuation, 24 September 2013

The rice market witnessed a mixed trend on Monday with prices of Sharbati and Duplicate basmati rice varieties rising and Pusa-1121 (steam) dropping on weak demand. PR and Permal varieties ruled unchanged.

Monday, 16 September 2013

Rice Market Showed Steady Trend,13 September 2013

Despite restricted trading, the market witnessed a steady trend with prices of aromatic and non-basmati rice ruling unchanged from the previous levels.

Friday, 6 September 2013

Rice Rule Around Current Levels On Weak Trading,6 Sept 2013

Rice market may continue to rule around current levels with marginal fluctuations in coming days. With the trading being dull, prices of aromatic and non-basmati rice have been ruling almost unchanged since last week.

Friday, 23 August 2013

Rice Prices May Improve On Overseas Demand , 23 August 2013

Prices of aromatic rice varieties ruled firm, while fresh buying by the neighboring States kept non-basmati and broken rice unchanged this week.

On the exports front, overseas demand especially from Iran may help India to export about 3.8 tonnes of aromatic rice in 2013-14, while 7.5 tonnes non-basmati rice are also likely to be exported.

Friday, 9 August 2013

Rice Market Unchanged On Weak demand , 06th August 2013

The rice market witnessed a steady trend with prices of aromatic and non-basmati varieties ruling unchanged on Monday. Due to restricted trading, rice prices have been ruling almost unchanged since last week.
The market is moving at slow speed and slow domestic and overseas demand is the prime reason behind the current situation.

Sunday, 4 August 2013

Govt. May Procure 34.5 Million Tonnes Rice , 02nd August 2013

The Government expects to procure about 34.5 million tonnes (mt) of rice in the coming marketing season beginning October. This is marginally higher than 33.85 mt procured in the last year. The Government had procured about 38.73 mt of paddy last year.
Rice production in the current kharif aided by good monsoon may touch a record high, according to Agriculture Ministry expectations. Last year, the kharif rice output stood at 92.76 mt., according to latest Government estimates. Total rice production last year stood at 104.40 mt., marginally lower than previous year 105.3 mt.
In the current kharif, rice has been planted on 196.38 lakh hectares (lh.) as on July 26, against corresponding last year 184.24 (lh.) States such as Uttar Pradesh, Gujarat, Punjab and Arunachal Pradesh have reported a higher acreage this year, while the Eastern States such as West Bengal, Odisha and Andhra Pradesh had registered a lower area.

Rice stocks in the Central pool stood at 31.50 mt as on July 1.

Friday, 2 August 2013

Rice Seen Ruling Flat On Lukewarm Trading , 02nd August 2013

Rice market continued to rule flat as trading was lukewarm on Thursday. Prices of aromatic and non-basmati rice have remained unchanged since last weekend.

Tuesday, 30 July 2013

Rice May Witness Marginal Fluctuations , 30th July 2013

The rice market may continue to rule around current levels with marginal fluctuations this week.

Situation of the market was expect as market future is uncertain. According to the trade experts, following too much volatility over the last few days, bulk buyers are keeping themselves out and market may witness only need-based buying in coming days.

Friday, 26 July 2013

Volatility In Rice Likely To Continue , 26 July 2013

There has been too much volatility in the Rice market and may continue to rule around current levels for the next few days. T
The Rice market has witnessed some correction with prices of Aromatic and Non-basmati Rice going down .


Drop In Rainfall May Hit Bengal Rice Transplantation , 24 July 2013

A near 25-40 % drop in rainfall in the key Rice growing districts of Gangetic West Bengal so far during this year is likely to impact the paddy transplantation activity this Kharif season.

Transplantation is the process of transferring seedlings, which are Grown in seed-beds, into the field soaked with plenty of water. Typically, the process of transplantation begins by July 10.

According to a senior official in the State agriculture department, nearly 10-15 % of paddy transplantation is usually achieved by this time of the year. However, this year, transplantation has been lower in most paddy producing parts of the State.

“Only 5% of the transplantation work has taken place at Burdwan while in Birbhum and Nadia, it is still lower at just about 1-2 %,”. West Bengal produces about 14.5 million tonnes of paddy each year in 3 seasons — Aus, Aman and Boro. The kharif paddy (aus and aman) output accounts for about 70 % of paddy production in the state. Delayed transplantation could affect the productivity and quality of the crop.

Burdwan – considered to be the Rice Bowl of the State received 25 % lower rains than average this year. Rainfall has also been lower by 39 % in Birbhum, 31 % in Nadia and 27 % in Hooghly, according to a data provided by Express Weather. These 4 districts are considered to be high productivity areas in terms of paddy cultivation.

The districts of North 24-Parganas, Murshidabad, Bankura, Malda, East Midnapur, West Midnapur, North Dinajpur, South Dinajpur and Howrah are considered to be medium productivity areas. Except for Bankura, North 24 Parganas and North Dinajpur, rainfall is lower by 20-40 % in the other districts falling under the medium productivity areas.

For more details

Aromatic Rice May See Decline In Prices , 23 July 2013

Aromatic varieties may witness some downward revision while non-basmati varieties may continue to rule around current levels in the coming days.

An unexpected rally in the market increased Pusa-1121 , while all the other aromatic and non-basmati varieties remained unchanged.

Friday, 19 July 2013

Rice Seen Flat On Steady Demand , 19th July 2013

The rice market is likely to rule without much fluctuation on account of steady demand and ample stocks in the coming days. With not much trade taking place in the market, prices of full grain rice varieties remained unchanged while brokens dropped on lack of buying on Thursday.

Trading has been lukewarm over the last couple of weeks. Market sentiments are low and any major alteration in market is unlikely.

Saturday, 13 July 2013

New Crop Arrivals Put Pressure On Rice

Rice market may continue to rule in a tight range for the next few days. With not much trading taking place in the market, aromatic and non-basmati varieties remained unchanged on Thursday. Market may continue to rule in a tight range with marginal fluctuations even in the coming days. New paddy crop arrivals have started from the Uttar Pradesh and the quality of the stock is very good.

New crop arrivals are also putting some pressure on the market. However, currently there are no buyers for the PR and Sharbati variety, while rice millers have shown some interest in buying of Pusa-1121. Traders expect that buying may pickup within a week and then the arrivals of PR variety will also increase.

Thursday, 11 July 2013

Gujarat Eyes Bumper Crop As Monsoon Revives

06th July 2013,Gujarat Eyes Bumper Crop As Monsoon Revives.
As monsoon rains returned after a 2-week recess in the last three days, Gujarat is expecting a bumper crop this year. The State has already received nearly 32 % of its average annual rainfall of 800 mm. sowing has been completed in half of the normal area under kharif cultivation.