Rice

State-owned MMTC Ltd has invited expression of interest from suppliers for export of 200,000 tn of non-basmati rice, white or parboiled, of Indian origin. Interested suppliers have to submit their expression of interest by Jul 5. The commodity should be packed in polypropylene bags of 50 kg each, and must be in “good condition, fit for human consumption, without any unpleasant odour, free from any sign of mould, fermentation or deterioration, and free from any obnoxious and deleterious matters and poisonous weed seeds. The rice must also be free from any kind of insect infestation. The grain should be delivered on cost, insurance, and freight basis at discharge port.

Sowing of kharif paddy was hit as monsoon current stalled for more than a week, leading to a 1.3% on-year fall in acreage. The crop was planted across 1.10 mln ha compared with 1.12 mln a year ago. The monsoon current has resumed progress and hit Bihar. With a pick up in circulation of monsoon current, paddy sowing is also expected to gather pace.

Prices of rice basmati as well as non-basmati rose by up to Rs 100 per quintal at the wholesale grains market due to pick up in export enquiries and local demand. Increased export enquiries and rising demand from local parties attributed the rise in rice basmati and non-basmati prices.

The Egyptian government has announced a decision to import rice to increase supply and avoid a potential price shock to consumers. Although milled and paddy rice prices increased in April, the recent announcement to increase imports caused prices to fall. It anticipates prices will continue downward as the August/September harvest commences and imports start arriving. Since a recent peak of 4.8 million tonnes in 2016-17, Egypt production fell to 4.3 million in 2017-18 and is forecast to drop to 3.3 million in 2018-19, according to the USDA. Meanwhile, it forecasts 400,000 tonnes of rice imports in 2018-19, up from 50,000 tonnes in 2017-18.

The reason why the rice imports, which are intended for Metro Manila, have yet to be completely discharged from the vessel was due to the weather condition these past few days. Around 25,000 MT of imported rice from Vietnam are being unloaded to trucks at the Naval Supply Depot (NSD) in Subic Bay Freeport Zone.

Rough rice prices decreased, by $0.22 cents per cwt for long grain and by $0.24 per cwt for medium/short grain, from the previous announcement.

The Ministry of Agriculture and Cooperatives and Tesco Lotus have continued their cooperation in buying 9,000 tons of rice from agricultural cooperatives in four northeastern provinces. More than 5,700 tons of fragrant jasmine rice were previously bought by the ministry. The ministry plans to form 6,000 groups of large agricultural land plots this year to reduce the costs of production. Produce from them will be sold to the business sector directly. More than 1,600 companies are expected to participate in the project this year.

India kharif paddy acreage up 1% on yr at 693,000 ha so far.

IMD advised Madhya Pradesh farmers to prepare paddy nurseries.

Rains delay release of rice imported from Vietnam, Thailand.

Philippine eyes end-2018 OK of rice tariff law.

Rice imported from Vietnam arrives in Albay, GenSan.

Bhutan targets 60% rice self-sufficiency in three years.

Telangana Civil Supplies Dept procures 35 lakh tonnes of paddy.

About 100% payments made to 6.11 lakh farmers for paddy in Telangana.

Rain ahead of paddy season, Punjab, Haryana breathe easy.