Business Line : Opinion : Year of rice for India

Business Line : Opinion : Year of rice for India
Nice to know that India has really progressed ?

Rice trader

Rice Trader
SMIC Ltd
P.O Box 645, Bamenda, Cameroon,
Cameroon 00237
237-98778845
contact:NGAPPOU Yannick (SMIC LIMITED)
Rice Industry Statistics of Cameroon

Rice Exports

India has been in the fore front in exporting Rice....Global rice exports will go up 2 percent to 37.3 million metric tons (MT) for 2012 despite two of the biggest rice importers—the Philippines and Indonesia—curbing their importation
Nigeria, which is the world's biggest rice importer according to data from the Asian Development Bank, will increase its purchases by 17 percent on year to a record 2.8 million tons.
Other countries in the Near East and Africa such as Iran, Brazil, and Venezuela will also see increases in their rice imports this year

Bullish trend continues in aromatic rice

Basmati Rice commands attractive prices... Pusa-1121 (steam) increased by Rs 500 to Rs 6,400-6,500, while Pusa-1121 (sela) sold at Rs 5,500 a quintal, up Rs 375 from the previous level. Pure basmati (raw) rose by Rs 800 and quoted at Rs 6,500-6,600, while pure basmati (sela) ruled at around at Rs 5,400 a quintal, up Rs 200 from the previous level. Duplicate basmati remained unchanged at Rs 4,900-5,000 a quintal.

Export Rice Based Products - not Rice?

India has become a major player in the world rice trade Production of rice based products has good demand in the domestic market and so India can be a major player in the value added products of Rice too ..Rice based products such as a) Rice flour production b) Production of breakfast cereals such as rice flakes c) Rice noodles d) Instant rice products and e) High quality starch extracts are some of the areas for attention