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   

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Aman harvest and rice price situation
SINCE there was no major flooding during the immediate past monsoon, the Directorate of Agricultural Extension (DAE) predicted a bumper Aman production this year. However, untimely heavy downpour at the fag end of the monsoon caused some damage to standing crops including that of Aman in a number of northern districts of the country. The situation with Aman production stands as of now is that the loss of crop in some areas would be compensated for by bumper harvest in most other areas of the country that, fortunately, were not affected by any major natural calamity. Now, the DAE officials are expecting a 'good' instead of 'bumper' Aman production this year. The revised projection, however, altogether is not a bad news for the economy which is expected to grow by 6.0 per cent during the current financial year (2005-06).

Besides its role in the overall growth rate of agricultural sector, the production of Aman traditionally leaves a major impact on the rice price in the open market. For instance, production during the Aman season suffered badly last year due to devastating floods and two consecutive heavy downpours. This had led to rise in the prices of rice of all varieties. Even the harvest of a good harvest of Boro rice in the following dry season did not help much and the prices of rice stuck to higher levels. Moreover, substantial import of rice by private importers and open market sale (OMS) of rice and distribution of food under the vulnerable group feeding (VGF) programme by the government had no major impact on the prices of rice in the market. All these together, however, could stop further hike in the prices of rice. Indications are there that the rice prices will not decline much even after a good Aman harvest. The procurement price -- Tk 14.0 for a kilogram (kg) of milled rice and Tk. 9.25 for a kg of paddy -- fixed by the government for the current Aman season is one of the factors that are likely to keep the prices of rice at a high level. Under the circumstances, the private millers and rice traders are expected to offer growers the prices that are higher than that of the government to build up their own stock of food grains. The development is a positive one if considered in the context of the interests of the rice growers.

The interests of the farmers and consumers are actually conflicting in nature. There is no denying that compared to the rise in the prices of other goods and commodities over the last decade or so, the prices of farm produces have been on the lower side. Even the enhanced procurement price fixed by the government for rice is not enough in view of the rising cost of production at the growers' level. But the fact remains that the higher prices of cereals do create dissatisfaction among the consumers in general. This dilemma, actually, is very difficult to address on the part of any government. Yet there exists a big gap between the prices of agricultural commodities, including cereals, at the levels of growers and the consumers. The consumers are made to pay unreasonably higher prices by the traders under various pretexts. The authorities under market economy cannot regulate the price but, at least, they can bring down prices of various commodities to a reasonable level by removing existing distortions in the marketing mechanism. After a good Aman harvest, the government now needs to make allout preparation to ensure a bumper production of the next Boro crop. From an insignificant production level in the early seventies, the Boro has emerged as major rice crop because of the extensive cultivation of the high yielding varieties. A bumper harvest of Boro is expected to create a soothing effect on the prices of rice in the market.
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MGR Archive 27.11.2005
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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