Monday, March 24, 2014
Rice Trading Company profile - International
S.G.S. International Rice, Inc.
Harbinder SahniTEL: 732-603-5077
Harbinder SahniTEL: 732-603-5077
- FAX: 732-603-5037
- Address: 6 Stone Tavern Drive
- Clarksburg, New Jersey 08510
- USA
- E-mail: weldonrice@usa.net
Our major buyers are major multi-national companies in the U.S., Europe, Middle East, and Central American markets. We work with the leading processor and packaging companies in Thailand and India with the most sophisticated machinery available for outputting high quality products. We keep our buyers and customers out of worry by providing high quality products and arranging for timely shipments. We strive to keep our buyers up to date about global conditions affecting our products such as price, availability of products and shipping changes. We also have had great success with Basmati Rice from India. The market for Basmati Rice has been growing very rapidly and the rice is treated as a gourmet food product in the American market. We found that this rice was being handled by several processors in India, but only a few were equipped to handle the rice. We at S.G.S. International Rice Inc. are connected with some of the largest groups and feel their quality speaks for itself.- source:
http://www.weldonfoods.com/
RICE FORUM 2014
RICE FORUM 2014
"Focus on Africa and the Middle East"
8-9 April 2014, Crowne Plaza, Dubai, United Arab Emirates
- The highly anticipated follow up to the Nov 2013 - TRT World Rice Conference in Hong Kong
- More focus on destination markets, both basmati and non-basmati rice demand
- Middle East Markets - focus on Saudi Arabia, Iran, Iraq, Yemen, Turkey and more
- Africa markets - focus on Ivory Coast, Ghana, Senegal, Nigeria, South Africa and more
- Middle East Markets - focus on Saudi Arabia, Iran, Iraq, Yemen, Turkey and more
- Updates on key Asian origins, the latest from Vietnam's winter-spring crop, on Thailand's rice mountain and old crop availability, on India's 2013/14 production and early signs of the 2014 monsoon
- Special focus on Nigeria and the global parboiled rice market
- Networking focus - from across the rice trade and supply chainr
Read details here
Sunday, March 23, 2014
Monday, March 17, 2014
Rice Trade - India - 2014 ORYZA
India 5% broken rice ended the month at $420 per ton, up about 1% from a month ago and down about 7% from a year ago. Meanwhile, average monthly wholesale rice prices in India increased to about Rs. 2,731 per quintal (about $440 per ton) in February 2014, up about 1% from about Rs. 2,702 per quintal (about $429 per ton) in January 2014, and up about 4% from about Rs.2,627 per quintal (about $448 per ton) seen a year ago in February 2013.
Meanwhile, India’s Commission on Agricultural Costs and Prices (CACP) says that the government should release about 15-20 million tons of rice and wheat in to the domestic market to reduce prices as India tries to battle rampant food price inflation. India’s rice stocks in the central pool as of February 1, 2014 declined to about 31.27 million tons (including a milled equivalent of about 22.054 million tons of paddy), down about 12% from about 35.38 million tons recorded during the same time last year, which is more than double the required buffer and strategic reserve norms of about 13.8 million tons at this time of the year, according to the Food Corporation of India.
The Indian government has procured about 24.66 million tons rice so far in this year, down about 10% from about 27.3 million tons procured during the same time in last year. Meanwhile USDA expects that India rice procurement will decline to about 32 million tons in My2013-14, down about 6% from about 34 million tons rice procured in last year. For now, the Indian government is targeting to procure about 34.3 million tons in MY2013-14.
India is expected to export about 10 million tons rice during current calendar year, while rice exports are expected to decline about 8 million tons in next year, according to the USDA. The Indian government projected that India will produce about 106.19 million tons rice in 2013-14, the highest ever on record and up from an estimated 105.24 million tons produced in the previous year.
However, the USDA expects that India will produce about 104 million tons rice in 2013-14, up about 1 million tons from last year. Separately, India is likely to resume future trading in rice via the National Commodity and Derivatives Exchange Limited in March. India had banned future trading in rice in 2007 due to high prices. - See more at: http://oryza.com/reports/monthly-review/oryza-february-2014-rice-market-review#sthash.omczhB74.dpuf
Meanwhile, India’s Commission on Agricultural Costs and Prices (CACP) says that the government should release about 15-20 million tons of rice and wheat in to the domestic market to reduce prices as India tries to battle rampant food price inflation. India’s rice stocks in the central pool as of February 1, 2014 declined to about 31.27 million tons (including a milled equivalent of about 22.054 million tons of paddy), down about 12% from about 35.38 million tons recorded during the same time last year, which is more than double the required buffer and strategic reserve norms of about 13.8 million tons at this time of the year, according to the Food Corporation of India.
The Indian government has procured about 24.66 million tons rice so far in this year, down about 10% from about 27.3 million tons procured during the same time in last year. Meanwhile USDA expects that India rice procurement will decline to about 32 million tons in My2013-14, down about 6% from about 34 million tons rice procured in last year. For now, the Indian government is targeting to procure about 34.3 million tons in MY2013-14.
India is expected to export about 10 million tons rice during current calendar year, while rice exports are expected to decline about 8 million tons in next year, according to the USDA. The Indian government projected that India will produce about 106.19 million tons rice in 2013-14, the highest ever on record and up from an estimated 105.24 million tons produced in the previous year.
However, the USDA expects that India will produce about 104 million tons rice in 2013-14, up about 1 million tons from last year. Separately, India is likely to resume future trading in rice via the National Commodity and Derivatives Exchange Limited in March. India had banned future trading in rice in 2007 due to high prices. - See more at: http://oryza.com/reports/monthly-review/oryza-february-2014-rice-market-review#sthash.omczhB74.dpuf
Rice Futures Trading Basics
Rice Futures Trading Basics
Consumers and producers of rice can manage rice price risk by purchasing and selling rice futures. Rice producers can employ a short hedge to lock in a selling price for the rice they produce while businesses that require rice can utilize a long hedge to secure a purchase price for the commodity they need.
Wednesday, March 12, 2014
Link to Report
The Oryza White Rice Index, a weighted average of global white rice export quotes, ended the week at $457 per ton, down about $4 per ton from a week ago and $6 per ton from a month ago and down $35 per ton from a year ago. The index seems to have lost its upward trend since last autumn and is again declining toward $450 per ton, weighed down by Thailand quotes on ideas that Thailand will flood the market with cheap rice after the failure of its rice mortgage scheme. - See more at: http://oryza.com/reports/oryza-wri/oryza-white-rice-index-%E2%80%93-end-thailand-rice-mortgage-scheme-bullish-prices#sthash.1HyR524Q.dpuf
Saturday, March 08, 2014
Price trends
FAO rice price update
The FAO Rice Price Update provides monthly rice export prices from major origins and is released monthly. To subscribe to the FAO Rice Price Update and the FAO Rice Market Monitor, please send an e-mail to RICE MARKET NETWORK with "subscribe" in the subject line.
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Friday, March 07, 2014
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