In this episode of Around the World in Eight Commodities we’re looking at rice. by Eden Flaherty. Around the World in Eight Commodities delves into some of the planet’s most critical commodities, exploring the complex challenges they face and the innovative solutions being implemented around the globe. In this episode, we’re taking a look at […]
Dr. Manoranjan Sharma speaks to us about the health of the rural economy in India, and how MSP is calculated in the country. V. Nivedita The Indian government fixes a Minimum Support Price or MSP for 22 crops – paddy, wheat, several pulses, oilseeds and millets are a part of this list. The objective of […]
by Stefano Vecchia. For the third year in a row, the Philippines is the world’s leading importer, with domestic production continuing to fall, due, among things, to La Niña. Food absorbs 40 per cent of expenditures among low-income, resulting in greater social inequalities. Consumption has increased from 14.8 million tonnes in 2020-2021 to 17.4 million […]
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 Jan. 1. Floods in Bangladesh in August and October caused huge damage to crops, destroying an estimated 1.1 million tons of rice, according to data […]
by Staff Writer COLOMBO (News 1st): The Sri Lanka State Trading (General) Corporation says that the government has delayed the importation of rice stocks that were ordered. This has been done to prioritize the rice stocks ordered by private importers. According to the Chairman of the Sri Lanka State Trading Corporation, Ravindra Fernando, preparations are […]
Audit findings showed that of the required optimum level of 300,000 metric tons of a national rice buffer stock. Edjen Oliquino The National Food Authority (NFA) again failed to meet the rice buffer stock target in 2023, despite receiving a substantial P9 billion government subsidy, the Commission on Audit (CoA) revealed. This has raised concerns […]
By: Jordeene B. Lagare @jordeenelagare – @inquirerdotnet The Department of Agriculture (DA) is exerting more efforts to bring down rice prices such as expanding its Rice-for-All program to other public markets and offering other varieties by next year. Launched last August, the program is intended to make well-milled rice available to the public at P40 […]
World Agricultural Outlook Board Chairman Dr. Mark Jekanowski explains the changes in both world and U .S. rice balance sheets this month. World Rice Balance Sheets Update “Few changes this month in our rice outlook. Production was actually lowered by 100,000 tons, but still expected to be record high. Almost 534 million metric tons of […]
This economic situation is particularly devastating for families without access to foreign currency By Seulkee Jang Market prices in North Korea are rising at an unprecedented rate, with rice costs and Chinese yuan exchange rates reaching record highs. Daily NK’s market survey reveals that on Dec. 7, the U.S. dollar traded at 21,000 North Korean […]
