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.

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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.