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
India Rice Output to Reach Record, Helping Ease Curbs
BLOOMBERG
Sept. 23 (Bloomberg) -- India, the world's biggest grower of rice after China, may harvest a record crop this year after rains spurred sowing, likely helping the nation scrap the six-month old restriction on exports of the grain. The monsoon crop, which was planted in June, will be 84.81 million metric tons, Federal Agriculture Commissioner N.B. Singh said in an interview in New Delhi. That's a 2 million ton gain from a year earlier.

``We should really be harvesting more because of well- distributed rain in the main growing areas,'' he said. ``There was timely planting and this has happened after so many years.

A bigger harvest may prompt India to lift the export ban, pressuring global prices that have slumped 21 percent from a record in April. Thailand and Vietnam, the world's biggest rice shippers, have raised export forecasts this year after farmers planted more in response to higher prices.

``Higher production makes a case for relaxing the ban,'' said Vijay Setia, president of the All India Rice Exporters Association, in a phone interview from the northern city of Karnal. ``This is the right time.''

Rice for November delivery rose 1.2 percent to $19.940 per 100 pounds in after-hours electronic trading on the Chicago Board of Trade. The price rose by the maximum permissible limit of 50 cents yesterday. The futures reached a record $25.07 on April 25.

Prime Minister Manmohan Singh's government this month partly eased the ban on overseas sales of premium grade rice. The curbs may be lifted totally after the monsoon crop is harvested, Farm minister Sharad Pawar said in June. The restriction, imposed in April, followed limits on exports of wheat, corn and edible oils to bolster domestic supplies and tame inflation.

``If the government wants to help farmers get a better price it must lift the ban before the crop is harvested,'' Setia said.

Plantings Increase

Farmers in India planted rice on 37.35 million hectares (92 million acres) as of Sept. 18, 3 percent more than a year earlier as rains progressed, according to the farm ministry.

Monsoon rains were more than average in the biggest growing areas in eastern and northern parts of the country between June 1 and Sept. 17, the weather office said. Rainfall was 11 percent above average across the nation in the week ended Sept. 17.

The showers have ``brightened prospects'' for winter-sown crops such as wheat, lentils and mustard, and may help increase the planting area, Singh said.

The monsoon-sown crop, for which harvesting began this month, contributes more than 85 percent of the country's rice production. The winter crop, which is sowed in October, makes up the rest.

India aims to boost this year's winter-sown rice output 2.8 percent to 14 million tons, the farm ministry said yesterday.
MGR Archive 25.9.2008
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