Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
Open market sale of rice to start by Feb
The government will start open market sale of rice within this month to arrest its price uptrend, the minister for food and disaster management, Chowdhury Kamal Ibne Yusuf, said.

The inter-ministerial committee on food policy and monitoring at a meeting today will finalise the date to start the OMS, he told journalists at his secretariat office Saturday. One lakh tonnes of rice will be sold in the open markets across the country and it will continue till April-May, the beginning of Boro harvest, he said. The rice will be sold through 10,700 dealers and the government will strictly monitor it.

The minister, however, did not cite the price to be fixed for OMS. The government has decided to restart the OMS as price of all varieties of rice has recently shot up all over the country, he said. ‘We have plenty of food-grains in stock and the rice price would come down significantly with the start of the OMS’.

The government earlier on October 21, 2004, started open market sale of rice as its price went up in the aftermath of the prolonged flood last year. The OMS continued till November 12.

The country has a stock of about 6 lakh tonnes of food grain against the capacity of 18 lakh tonnes, the minister said.

The ministry sources, however, said the present food stock is less than 4 lakh tonnes. Kamal said the government has decided to procure 132,500 tonnes of food grain — 70,000 tonnes will be procured from India within the next month and 62,500 tonnes to be procured locally — as buffer stock.

Under the US food aid, he said, the country would get 70,000 tonnes of wheat — 20,000 tonnes likely to reach by February 20-22 while the remaining 50,000 tonnes within March.

Besides, the government will import 3 lakh tonnes of food grain within March 30. He also said that the government was considering procurement of 50,000-100,000 tonnes of food grain from Australia, Thailand and Pakistan through government-to-government negotiations or by floating tenders for private sector imports.
MGR Archive 13.2.2005
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice