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 %).