IPAB Allows GI Tag for Indian Basmati Rice
Feb 05, 2016
India-based
Intellectual Property Appellate Board (IPAB) has passed the order allowing the
Geographical Indications (GI) tag to Indian basmati rice, according to The
Hindu. The move is said to provide a legal protection to India's basmati rice.
The IPAB has
reportedly asked the Assistant Registrar to register and issue the certificate
within four weeks.
The Board has
considered the basmati rice grown in the states of Punjab, Haryana, Himachal
Pradesh, Delhi, Uttarakhand, Western UP and the two districts of Jammu and
Kathua for the GI tag.
The IPAB has sent back
the petition for inclusion of India's Central state Madhya Pradesh to the
Chennai-Registry. It is likely to pass an order within six months after hearing
to related parties. It has reportedly dismissed the petition by Pakistan rice
growers.
India's GI tag
application had faced several legal issues since it was first initiated in 2009
by the Agricultural and Processed Food Products Export Development Authority
(APEDA).
A GI tag distinguishes a product
with its geographic origin and, under a multilateral framework, prevents
traders from attributing its name and traits for products from other
geographies
Italian Rice Farmers Unions Urge Government to Maintain Sufficient Water
Reserves Amid Concerns of Low Rainfall
Feb 05, 2016
The farmers unions
Confagricoltura of Novara, Vercelli, Pavia; and Coldiretti
Novara-Vercelli-Biella, Cia Novara and Vercelli are urging the political bodies
to maintain adequate water reserves amid concerns of lower rainfall and snow
during the irrigation season, according to local sources.
Lack of rain and snow
in Northern Italy are expected to lead to severe drought conditions in the
country, impacting the rice production this year. They also noted that high
consolidated snow in the northern parts usually supports irrigation in summer,
however, this year's snowpack is very minimal. Drought conditions are likely to
affect over 10,000 farms covering an area of at least 300,000 hectares and a
induced income of at least one billion euro, according to the farmers' unions.
Italy's rice growing
sector and its industrial chain today provides employment and income to
thousands of persons say the farmers' unions. Therefore they are urging the
government to act immediately so that the essential water resources for the
next irrigation season can be kept in reservoirs. They also urged the
government to standardize the minimum vital flow (DMV) of rivers to address the
current situation.
Wholesale Basmati Rice Prices in India Fall on Slackened Demand
Feb 05, 2016
Wholesale basmati rice
prices in the national capital have declined today due to a slackened demand
from retailers against adequate stocks, according to the Press Trust of India
(PTI).
On February 5, 2016,
prices of Pusa 1121 declined to around Rs.3,750 - 4,650 per quintal (around
$555 - $688 per ton) from around Rs.3,800 - 4,700 per quintal (around $561 -
$694 per ton) on January 29, 2016.
Prices of common
basmati remained stable at previous levels of around Rs.4,900 - 5,000 per
quintal (around $725 - $740 per ton).
"Low demand from
retailers against adequate stocks position on higher supplies from producing
regions mainly kept pressure on rice basmati prices," traders were quoted
as saying.
Global Rice Quotes
February 8th, 2016
Long grain white rice - high quality
Thailand 100% B grade 380-390
↔
Vietnam 5% broken 350-360
↔
India 5% broken 360-370
↔
Pakistan 5% broken 330-340
↓
Myanmar 5% broken 415-425
↔
Cambodia 5% broken 425-435
↔
U.S. 4% broken 460-470
↔
Uruguay 5% broken 440-450
↔
Argentina 5% broken 430-440
↔
Long grain white rice - low quality
Thailand 25% broken 350-360
↔
Vietnam 25% broken 340-350
↔
Pakistan 25% broken 305-315
↓
Cambodia 25% broken 405-415
↔
India 25% broken 325-335
↔
U.S. 15% broken 440-450
↔
Long grain parboiled rice
Thailand parboiled 100% stxd 370-380 ↔
Pakistan parboiled 5% broken stxd NQ ↔
India parboiled 5% broken stxd 350-360 ↔
U.S. parboiled 4% broken 480-490
↔
Brazil parboiled 5% broken 520-530
↔
Uruguay parboiled 5% broken NQ
↔
Long grain fragrant rice
Thailand Hommali 92% 690-700
↔
Vietnam Jasmine 425-435
↔
India basmati 2% broken NQ
↔
Pakistan basmati 2% broken NQ
↔
Cambodia Phka Mails 750-760
↔
Brokens
Thailand A1 Super 325-335
↔
Vietnam 100% broken 320-330
↔
Pakistan 100% broken stxd 280-290
↓
Cambodia A1 Super 345-355
↔
India 100% broken stxd 260-270
↔
Egypt medium grain brokens NQ
↔
U.S. pet food 280-290 ↔
Brazil half grain NQ
↔
All prices USD per ton, FOB vessel, oryza.com
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