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Brazil ag minister says auction to import rice ‘not necessary’

By Eduardo Simões and Leticia Fucuchima SAO PAULO (Reuters) -The Brazilian government will no longer need to buy imported rice, Agriculture Minister Carlos Favaro told a local TV channel on Wednesday, after the plan attracted flak from local farmers. “Prices have already dropped,” Favaro said, adding the government will continue monitoring the market. “As there […]

Govt may reduce floor price for basmati rice exports

Exporters said higher MEP could adversely impact the domestic procurement of basmati rice paddy for the next season and hit farmers’ income. Written by Sandip Das In FY24, India exported a record 5.24 million tonne (MT) of aromatic rice valued at $5.83 billion. (Reuters) The government is likely to consider reducing the minimum exports duty […]

Rice exports for January-May up 16.5% year on year

Thai rice exports for the first five months of this year increased 16.5% year on year, to 4,057,711 tonnes, worth 94.6 billion baht, but exports in the third quarter are expected to drop, compared to the first half of 2024, said Charoen Laothamatas, president of the Thai Rice Exporters Association. In May, however, he said […]

‘Trust and respect’ feeds interfaith rice growing success in the Philippines

UN News/Daniel Dickinson Farmers work in the paddy fields in Liton. By Daniel Dickinson in the Philippines Trust built on decades of respect for religion has fertilized the seeds of success for two communities, one Muslim the other Christian, which have joined together to build a successful rice growing cooperative in the Philippines. The cooperative […]

Rice exports at risk

Pakistan’s agri-food sector has a very narrow export base, primarily consisting of a limited range of commodities. Rice stands out as the largest export, bringing in over $3.5 billion in foreign exchange in FY24. Nevertheless, rice exporters are facing a growing risk of shipment rejections, particularly by the European Union, the United Kingdom, and the […]

India’s rice exports drop 34% in Q1 of FY25 as export curbs continue

Export prohibition on non-basmati white rice and broken rice and a 20% tariff on the parboiled variety are reasons behind dip Puja Das In the first three months of FY25, the fall in exports of non-basmati white rice has been in the same period the highest, around 78% at nearly 300,000 tonnes followed by another […]

Myanmar detains 11 accused of rice price gouging

Amid armed conflict following the 2021 coup, Myanmar’s fast-depreciating currency is destabilising the economy. A woman shops inside a supermarket in Yangon, November 13, 2013 [Minzayar Oo/Reuters] Myanmar’s military authorities have arrested 11 people, including a Japanese executive, for selling rice at prices higher than prescribed levels. Officials said on Monday that the detainees include […]

Doubling Rice yield achievable within next six harvest seasons – Secretary to the Ministry of Agriculture and Plantation

Secretary to the Ministry of Agriculture and Plantation, Janaka Dharmakeerthi, announced that necessary measures are in place to achieve President Ranil Wickremesinghe’s goal of doubling the rice harvest within the next six harvest seasons. He highlighted the introduction of a technical package aimed at this objective and emphasized that the Ministry of Agriculture is effectively […]