Friday, 19 August 2016

Time to rethink India’s rice policy

Of late, with growing income and awareness about nutritious food, there has been a noticeable decrease in the consumption of rice (a highcarb food) in Indian households. This change in consumption pattern, however, is not reflected in India’s agriculture policy which continues to revolve around rice and wheat. Moreover, current policies related to production, procurement, storage and distribution of rice are creating a number of internal and external problems.

The Centre is promoting rice production through a combination of support prices, assured procurement and subsidies on key inputs like irrigation, chemical fertilisers and electricity — the major proportion of input subsidies is consumed by rice. Thus, paddy’s MSP has risen from Rs. 580 per quintal in 200607 to Rs. 1,470 per quintal of 201617 at a CAGR of 10 percent. Then, there are Statespecific bonuses over and above the MSPs.

Wednesday, 4 November 2015

"Iranian Govt. Lifted Ban on import of Basmati Rice The Iranian government on Tuesday lifted ban on import of Basmati rice. Due to availability of excess rice stocks, Iranian authorities had suspended imports of rice from the rest of the world since October 2014. The rice industry had been badly impacted due to the ban as Iran used to import nearly 1.2 million tonnes of rice from the Indian rice manufacturers. Therefore the lift in ban by Iran is a positive for the rice industry, and will boost rice exports from India in near future."

Saturday, 11 July 2015

Basmati Rice Exports May Increase by 10 Percent: APEDA

Basmati rice exports are likely to register an increase of about 10 % over the 3.7 mt recorded during the previous fiscal, according to the Agricultural and Processed Food Products Export Development Authority (APEDA).
For the 2015-16 fiscal, we are projecting exports of at least 4 mt. It is expected growth of the product for which there is steady demand. So, one can expect around 10 per cent growth, said AK Gupta, Director, Basmati Export Development Foundation, APEDA.
As of April, there was a shortfall in exports primarily because of Iran scaling back its imports due to surplus domestic availability, a situation that Gupta said has stabilised now. The country had imported 0.9 mt in 2014-15, as compared to 1.44 mt in the earlier fiscal.

Wednesday, 25 February 2015

Basmati exports may dip 10% on Iran ban

Iranian authorities have recently assured the Indian officials that the ban will be lifted shortly and the re-registration process of suppliers would commence soon.

Export Markets
A notification to this effect is likely to be issued by Iran by March 21. Higher demand from traditional markets such as United Arab Emirates and Qatar, and newer markets mainly in Africa such as Algeria, Angola, Ethiopia, Kenya, Nigeria and Tanzania among others have helped offset the impact of Iranian ban to certain extent. European countries such as Denmark and Czech Republic have seen an increase in basmati shipments from India.

Wednesday, 8 January 2014

Basmati Paddy Arrivals Droped In Punjab & Harayana, 3 January 2014

Basmati paddy arrivals in the key wholesale markets in Punjab and Haryana have dropped due to cold wave grips northern India and kharif harvest draws to an end.

Average daily arrivals of basmati paddy, mainly pusa 1121, have declined to 4,000-5000 bags so far this week in Amritsar against an average of 15,000-20,000 bags reported a two weeks ago.

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.