The Oddity Commodity

Group 4

Presented By: Gautam Gulati (219) Keyoor Prashant(224) Monica Virbhan (227) Upasana Singh (265) Urooj Ansari (266) Mohit Motwani (270) Shivansh Sharma (275) Berengere Grall

WORLD OF RICE

RICE ECONOMICS

RICE @ INDIA

RICE CROP SCIENCE

WORLD OF RICE

‡ Total World Trade

INDIAN SCENARIO

‡ World Exporters/ Importers ‡ World Production ‡ Producing Countries

‡Total trade in India ‡India s position in world trade. INDIAN ‡Avg/max price fluctuation SCENARIO

RICE CROP SCIENCE

‡How is it produced? ‡Yield per hectare ‡Various forms & varieties ‡Commodity Exchanges of Rice RICE ‡Annual rainfall, temp, sunshine, harvest
ECONOMICS

RICE CROP SCIENCE

‡Global Demand and Supply
RICE ECONOMICS ‡Government Policies

‡Indian Scenario

World Exporters & Importers

International Tourism

World s production and total consumption

Year

Area Harvested (1000ha) 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 151898 150894 146365 148913 151333 153395 154211 155059 157833 155150 159688

Yield (ton/ha)

Production (1000ton)

TOTAL Export (1000ton) 24103 26884 28711 27399 28242 29696 31455 31193 28937 29543 30472

TOTAL Import (1000ton) 22117 26024 26376 24963 26149 26515 28230 29434 27151 27520 28719

TOTAL Ending Consumption Stocks (1000ton) (1000ton) 393836 413067 406443 412276 407043 412599 418105 426226 435309 435296 450794 146624 132802 102983 80936 73107 75957 74991 80628 91660 95373 94266

Stocksto-use ratio (%) 37.2 32.2 25.3 19.6 18.0 18.4 17.9 18.9 21.1 21.9 20.9

Selfsufficiency rate (%) 101.4 96.9 93.2 95.2 98.6 101.5 100.5 101.7 102.9 101.3 100.1

Population (million)

Per capita total consumption (kg/capita) 64.8 67.2 65.3 65.5 63.9 64.0 64.0 64.5 65.1 64.4 65.9

2.63 2.65 2.59 2.64 2.65 2.73 2.73 2.80 2.84 2.84 2.83

399396 400105 378959 392665 401307 418630 420364 433622 448127 441032 451440

6073.3 6149.1 6224.2 6299.3 6375.0 6451.4 6528.1 6605.0 6682.5 6760.2 6838.2

Producing countries

Indian Scenario

Rice in India
Facts
‡India 2nd most leading producer of rice.1st is China ‡More than 4000 varieties grown in India ‡West Bengal, Uttar Pradesh, Andhra Pradesh, Punjab, Tamil Nadu, Bihar, Orissa, Assam, Karnataka and Haryana are the major producing states ‡World s largest producer of Basmati Rice

Total trade in India

Top 10 Rice Producers
Rank Country Name 1 2 3 4 5 6 7 8 9 10 China India Indonesia Bangladesh Vietnam Thailand Myanmaar Philipines Brazil Japan Rice Production (in Metric Tonnes) World Share (in %)

166,417,000 132,013,000 52,078,832 38,060,000 34,518,600 27,000,000 24,640,000 14,031,000 10,198,900 9,740,000

32.70 26.00 10.20 7.50 6.80 5.30 4.80 2.80 2.00 1.90

Source: Food and Agriculture Organization (FAO) of the U.N.,2010

Avg price fluctuations/price index
‡

Rising Cost of farming

‡Bio fuel ‡Tight Demand and Supply ‡Trade Imbalances

Rice Crop science

Various varieties and forms

ASD-16 Rice Gayatri Rice HKR-120 Rice Jaya Rice Karna Rice Mahaveera Rice Narendra Dhan118 Rice Pathara Rice Ratnagiri-2 Rice Sravani Rice Vanaprabha Rice

ASD-17 Rice Hari Rice IET-10222 Rice Kalyani-II Rice Kshira Rice MDU-3 Rice Padmini Rice Prasanna Rice Seshu Rice Srinivas Rice Vikas Rice

Gauri Rice Heera Rice IET-8548 Rice Kanak Rice Lalat Rice Moti Rice Panvel-2 Rice Ratnagiri-1 Rice Sonasali Rice Tara Rice Vikramarya Rice

Vivek Dhan-62 Rice VL Dhan-163 Rice

H

ow is it produced
Plowing Fertilizing Smoothening Seedling transplantation to field

Climatic Conditions
Rice

Rainfall Temperature Sunlight

Heavy rainfall- W.Ghats, E.Ghats, Assam, Sub-Himalayan, Coastal plains, Gangetic Plains

High Temperature- 20-40deg, (day-30, night-20) Sunshine-yield influenced most in last 35-45 days of ripening period Bright sunshine with low temperature during ripening period

Commodity Exchanges- Rice
S. No. Basis National Commodity & Derivatives Multi Commodity exchange of India Ltd. Exchange Ltd. Rice Basmati Rice National Multi Commodities Exchange Ltd. RICEF

1 2 3

Symbol Description Trading period

RICPARRPR
36/IR-64

RICE

BASMATIRICE

Indian Parboiled Rice traded as IR- RICEMMYY
Monday through Saturdays Mondays through Fridays : 10:00 a. m. to 05:00 p.m. Monday to Friday: 10:00 AM to 05:00 Saturdays : 10.00 a.m. to 2.00 p.m. PMSaturdays: 10:00 AM to 2:00 PM The Exchange may vary the above timing with due notice Monday through Saturdays

BASMATIRICEMMM RICMMMYYYY YY Monday through Saturdays Monday through Saturdays Monday to Friday 10:00 am to 5:00 pm Saturday 10:00 am to Monday to Friday: 2:00 pm 10:00 AM to 05:00 PMSaturdays: 10:00 AM to 2:00 PM

4

Trading session

5 6 7 8

Trading unit Base value/quotation Maximum order size Tick price (minimum price movement)

10 MT (Metric Tons) Rs. per quintal

10 MT (Metric Tons) Rs. per quintal 500 Metric Tonnes

10 MT (Metric Tons) 10 MT (Metric Tons) Rs. per quintal 200 Metric Tonnes Re. 1 Re. 1 4% above and below the last traded price8% above and below the last closing price 100Kgs

Re. 1

Re. 1

9

Daily price limit

6%

4%

6%

10

Delivery unit

10 MT (Metric Tons)

10 MT (Metric Tons)

10 MT (Metric Tons) 10 MT (Metric Tons) Maximum 12 monthly Exchange approved or minimum 2 monthly warehouse at Delhi contracts running concurrently

11

Delivery centers

Raipur (up to 50 km from city Exchange approved limits) and also Kakinada (up to 50 warehouse at Delhi km from city limits)

Yield per hectare
‡ Average Rice Yield in World 4.24 tons per hectare (US Dept. of Agriculture, 2009) ‡ Average Rice Yield in Asia 3.6 tons per hectare (IRRI, 2009) ‡ Average Rice Yield in China 6 tons per hectare ‡ Global Record of Rice Yield Japan, 6.2 tons per hectare

Rice Economics

Global Demand & Supply

CONSUMPTION PATTERN

Global Thrust Of Rice Government Policies

Commodity Acts
Essential commodity Price Support Policy under the Essential Commodity Act 1955- Price support policy government control government procures rice Public Distribution System production, supply, (and wheat as well) through distribution, etc., of the Food Corporation of Production and distribution of rice is essential commodities India (FCI) and other state closely monitored by agencies at the minimum for maintaining or the Government support price (MSP). increasing supplies, through the Public Providing insurance to Distribution System equitable distribution
farmers. The minimum price is fixed

(PDS), now known as the Revamped Public Distribution System) & through FPS

Some Facts about Rice
‡ Most traded Rice quality in India
± Indian Parboiled Rice ± Indian Raw Rice ± Pusa Basmati Rice ± Traditional Basmati Rice

‡ MSP of Rice Rs. 350 Per Quintal

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