“The commodity has support at 1150 while 1220 is the resistance. Traders can sell around 1200 with the stop loss of 1220 for target 1150,” said Milan Shah, Research Analyst at Commodity Online.
“For intra-day, the commodity has strong support at 1290, while resistance is there at 1305..
“The commodity has support at 1280 while 1340 is the resistance. Traders may sell around 13..
South Africa may harvest 12.35 mn tons of maize as per initial estimates, up from 11.83 mn tons p..
Global rice production in the recent years has fluctuated between 375-400 million tons. Consumption at around 410 million tons has been above production in the recent years.
Global ending stocks, which had average above 120 million tons in the 1990's are currently getting reduced to 80 million tons. Asia is the biggest rice producer, accounting for 90% of the world's production and consumption of rice.
Per capita rice consumption has declined in recent years in many of the wealthier rice-consuming countries, such as Japan, the Republic of Korea and Thailand, because rising incomes have enabled people to eat more varied diet.
Although rice is widely grown and consumed, less than 6% of world production (20-24 million tons) is traded annually.
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Major importing nations of rice are West Asian countries and African countries. Apart from them countries like Japan, Malaysia, and Brazil also figures in top 10 importing countries. In West Asia and Middle East, Basmati rice is a favorite. India is the major supplier in this category.
Though rice is cultivated largely in Asia its export originates mostly from other continents. Major rice exporters are Thailand, United States, Pakistan, Vietnam, India, Italy, Uruguay, Australia, China and Argentina.
The Western countries are not major producers, but their consumption is negligible. Thus, a significant portion of their produce is exported.
Sharbati Rice Cultivating Districts of India
Haryana and Punjab - Karnal, Panipat, Kurukshetra, Kaithal, Amritsar, Fatehgar, Gurudaspur, Hoshiarpur, Jalandhar, Patial, Sangrur, Ropnagar
Himachal Pradesh - Kangra, Solan, Una, Mandi, Sirmour, Rajasthan Bundi
Uttar Pradesh - Saharanpur, Muzaffar nagar, Pilibhit, Bareily, Bijnour, Moradabad, Jyotibaphule Nagar
Uttaranchal - Rampur, Raibereily, Sitapur, Udham Singh Nagar, Haridwar and Dehradoon
Jammu & Kashmir in lesser quantities in some areas