Poor rains, prices boost India's basmati sowing.

Discussion in 'Commodity Futures' started by kanellop, Jul 23, 2012.

  1. kanellop


    Hello Again to All.

    Exist the following News:


    CHANDIGARH, July 23 (Reuters) - Scanty monsoon rains and expectations of better returns have boosted the cultivation

    of premium basmati rice in India,

    the world's second biggest rice producer and top basmati seller,

    improving the prospects of more exports,

    government officials said.

    Basmati rice brings higher returns,

    requires less water and can be sown late,

    factors that attract farmers in the northern Indian states of Punjab and Haryana.

    These states account for over 70 percent of India's output of the aromatic,

    long-grain staple,

    which has been exempted from a rice export ban.

    Monsoon rainfall in Punjab and Haryana has been about 70 percent less than the average level so far,

    the weather office data showed.


    Kind Regards,

    George Kanellopoulos.