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Vietnam takes advantage of low global rice prices with import surge

Vietnam is rapidly increasing rice imports as global prices hit a low point, making October’s import bill nearly 3.3 times higher than last year’s. Preliminary statistics from the General Department of Customs show that in October, Vietnam exported 0.8 million tons of rice, generating $505 million. This represents a 29% increase in volume and a […]

Thai rice exports face pressure as India lifts export ban

Thai rice exporters are bracing for increased competition as India’s decision to lift its export restrictions threatens to drive down global prices, the Rice Exporters Association of Thailand has warned. Despite the looming challenges, October exports are expected to reach at least 700,000 tonnes, according to Lt Col Charoen Laothamatas, the association’s president. This robust […]

Govt estimates record 119.93 mt rice output for year 2024-25 Kharif season

Cotton output is estimated lower at 29.92 million bales (170 kg each) against 32.52 million bales, while jute/mesta production may fall to 8.45 million bales (180 kg each) from 9.69 million bales. India’s rice production is likely to touch a record 119.93 million tonne (MT) in the 2024-25 kharif season on good monsoon, according to […]

Govt starts Phase-II of subsidised wheat flour, rice sale under ‘Bharat’

The government has allocated 369,000 tonne of wheat and 291,000 tonne of rice from the Food Corporation of India (FCI) for the phase-2 retail intervention under the Price Stabilisation Fund. Press Trust of India New Delhi The government on Tuesday launched phase-II retail sales of wheat flour and rice under the Bharat brand at subsidised […]

Bangladesh issues another tender to buy 50,000 T rice

Reuters HAMBURG: Bangladesh’s state grains buyer has issued an international tender to purchase 50,000 metric tons of rice, traders said on Tuesday. The deadline for submission of price offers is Nov. 18. A previous tender from Bangladesh for 50,000 tons of rice closed on Monday with rice from India offered at the lowest price with […]

Rice Policy: Prolonged high prices creates heavy burden: The Japan News

The ministry has concluded that a delay in grasping the actual situation regarding rice shortages at stores as well as in disseminating information to consumers and distributors caused anxiety among consumers. The Japan News ISLAMABAD – Amid the persistent high prices of rice, frustration is growing among people. It is hoped that the Agriculture, Forestry […]

Imported rice price jumps by 114% as FG delays duty-free food policy

Oluwatosin Ogunjuyigbe The average price of imported high-quality loose rice has risen dramatically by 144.77 per cent over the past year, while the Federal Government delayed implementing its duty-free food policy. This information comes from the selected food prices report published by the National Bureau of Statistics. In July 2024, the Federal Government announced a […]