SIAL is a biannual trade show that takes place in Parc des Expositions de Paris-Nord Villepinte, Paris. Shah Nanji Nagsi Exports Pvt. Ltd. is a regular exhibitor in this show.
This year’s show took place from October 19 to October 23, 2014. In this year’s event, French President François Hollande and Prime Minister Manuel Valls, accompanied by Stéphane Le Foll, Minister for Agriculture and Government Spokesman, also visited the event.
Food processors from around the world, especially from Europe and the US, gather in this show to discuss new ideas and business opportunities.
Shah Nanji Nagsi Exports Pvt. Ltd. exhibits in the Gulfood Trade Show every year. It is hosted at the Dubai World Trade Center in February of each year.
This year’s show was held from February 25 to February 28, 2013. The show gives the company an opportunity to meet with its Middle Eastern customers to discuss business trends and opportunities.
Shah Nanji Nagsi Exports Pvt. Ltd. exhibits in the Gulfood Trade Show every year. It is hosted at the Dubai World Trade Center in February of each year.
This year’s show was held from February 19 to February 22 February, 2012. The show gives the company an opportunity to meet with its Middle Eastern customers to discuss business trends and opportunities.
1. Government is procuring in large quantities and also opening more procurement centres.
2. The MSP set by the government is reasonably high and there is even an expectation of a bonus on top of the buying price
3. The opposition government has promised farmers in Chattisgarh state that they will increase the government purchase price (MSP or minimum support price) further if they come to power. Election results are expected on December 13, 2018.
4. Some farmers have stopped selling paddy in anticipation of opposition coming to power and increasing the government purchase prices.
1. The new crop has started in all regions; crop is expected to be good
2. In reality the government always purchases a limited quantity; the remaining has to be sold on the open market anyways. This was the case in Gujarat, where the government had made big promises initially but later purchased much less than promised.
4. Demand for export is low
Rice prices in INR are expected to be stable. There may be more clarity once election results are announced tentatively by the end of next week.
Crude oil prices seem to have a significant influence on the Indian rupee, as India imports significant quantities of oil. So for instance, if crude oil prices move up, the rupee is expected to depreciate, making exports cheaper. Since we don’t have an outlook on factors like crude oil, etc, we are unable to given an outlook on FOB prices in USD.
