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.

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.

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.

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.