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
Wheat congestion at India ports eases, delays remain
NEW DELHI (Reuters) - Heavy congestion at key Indian ports that has led to delays in delivering imported wheat to markets is easing gradually, a senior government official said on Wednesday, but traders insisted major bottlenecks remain.

The import of hundreds of thousands of tonnes of wheat this year has put further pressure on ports already burdened with large fertiliser arrivals and exports of soymeal.

A government official said about 50,000 tonnes of backed up wheat had been cleared in the past month from the two western ports of Mundra and Kandla, and around 350,000 tonnes still on the docks were being tackled.

"An operational plan is in place and the rest of the stocks at the two ports will be cleared by mid-March," he said.

But traders said things were far from normal, with a decision to prioritise wheat deliveries causing problems elsewhere.

"Congestion is still there and ships are facing 10 to 15 day waiting times at the ports," said one trader in Indore, the country's soy trade hub. "This does not happen normally."

About 400,000 of wheat imports had piled up at the two large ports in October due to a shortage of rail wagons and labourers. State-run Food Corp. of India sought more manpower and containers to quickly move out the stocks.

India has agreed to buy 5.5 million tonnes wheat this year to shore up depleted buffer stocks and curb a rise in prices.

Higher prices have lured farmers to grow more wheat.

The farm ministry this week said wheat for the summer harvest was sown over 7.0 million hectares between Nov. 1-17 against 4.9 million hectares during the year ago period.

India grows only one wheat crop in a year with sowing in the winter months of November and December, and harvests from March.

"The government's decision to give priority to the movement of imported wheat over fertiliser will soften prices as there will be enough wheat in the market," said Shardul Sharma, an analyst with Share Khan Commodities, a domestic brokerage.

Sharma said while the movement of wheat had improved, soymeal for export had started building up at the two ports.

"If the congestion is cleared soon, the delay will be nothing but a blip. But a prolonged clogging will go against the interests of Indian soymeal exporters," he said.

India has signed for the export of about 400,000 tonnes of soymeal in October, when the new harvesting season began.

Peak season soymeal exports have been hit by the port congestion with some firms forced to pay penalties for late shipments, traders said.
MGR Archive 23.11.2006
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