Wednesday, February 21, 2018

Basmati Rice Analysis by Chief Editor (Hamlik) Riceplus Magazine

Basmati Rice Analysis by Chief Editor (Hamlik) Riceplus Magazine  ( 21 -Febuary,2018 )

Basmati export fromm Pakistan is worrisome, as inspite of EU ban on Indian Basmati, Pakistan Basmati export is gradualy decreasing ,as compated to even last year.                                             Basmati export , January2018, 30750 tons January2017,30,170 tons
Total export of Basmati fm Pakistan in 7 months(july 17--Jan 18) is 202750 tons only as compared to 230,170 ton This is inspite of speculation & hipe created by vested interest that Ban on  Brown fm India to EU will shift volume to Pakistan. In January 2018, inspite of Ban, Pakistan Brown Export to EU is stagnent. Moreover news from Gulfood 2018 UAE is that buyers are less interested in 1121 Steam or Sella due to higher prices as Indians asking Price for 1121 Steam is min 1060$ while Buyers are interested at 970/980$ max. Its expected that Buyers will shift to PUSA or 1401to counter higher prices of C1121.

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