Exporters in Vietnam, Pakistan, Thailand and Myanmar also lowered prices by at least $10 (£7.51) per tonne on Monday, dealers said. GLOBAL rice prices fell on Monday (30) after India, the world’s top rice exporter, approved the resumption of exports, increasing global supply and offering more affordable options for buyers in poorer Asian and African […]
The Punjab Seed Council has officially approved two new basmati rice varieties, promising a 50% increase in yield compared to currently cultivated types. These new varieties are expected to produce between 60 and 65 maunds per acre, significantly improving the current average yield of 40-45 maunds per acre. At the Annual General Meeting on Tuesday, […]
Japanese rice farmers are responding to rising summer temperatures by increasing their usage of heat-resistant varieties. In 2023, 46 varieties of heat-resistant rice, which are less susceptible to high summer temperatures, were planted in 39 prefectures across Japan, according to the Ministry of Agriculture, Forestry, and Fisheries. The total cultivation area for heat-resistant rice was […]
Zahid Baig LAHORE: Rice exporters expressing their pleasure in achieving the USD 4 billion export mark have vowed to take the figure to USD 5 billion during the year 2025 as per a roadmap they submitted to the government. Malik Faisal Jahangir, who assumed the charge of Chairman of the Rice Exporters Association of Pakistan […]
The Italy-based business will own 50% of the new venture. Dean Best Euricom, the Italy-headquartered rice supplier, has set up a new venture in Pakistan to bolster its basmati business. The company has formed Fatima Euricom with local business Fatima Rice Mills. Financial terms were not disclosed. The Fatima Euricom venture will own the “most […]
By Ghulam Abbas ISLAMABAD: As the federal government continues to grapple with the unresolved wheat scandal inquiry, the Prime Minister has now formed another high-level committee to investigate the rising number of rice consignment interceptions in the European Union (EU). This new committee will also examine repeated complaints lodged by a commercial fumigator and clearing […]
By Bloomberg News A Russian company will export chickpeas and lentils in exchange for tangerines and rice from Pakistan amid difficulties in cross-border payments due to Western sanctions, Tass news service reported. Under an agreement signed at the Pakistan-Russia Trade and Investment Forum in Moscow on Tuesday, Russia’s Astarta-Agrotrading will supply 20,000 tons of chickpeas […]
By Kim Joo-heon SEOUL, October 02 (AJP) – India has resumed exports of non-basmati white rice amid a significant rise in rice surplus. Basmati is a type of rice known for its low stickiness and long grains. On Saturday, the Indian government removed tariffs on non-basmati white rice exports and set a minimum export price […]
However, procurement drops for the third year in a row. By BL New Delhi Bureau The 2023-24 agricultural marketing year (October-September) ended with the government procuring 52.544 million tonnes (mt) of rice – 46.303 mt from the kharif crop and 6.241 mt from the rabi season. It spent over Rs 1.76 lakh crore to buy […]
By Rastriya Samachar Samiti INARUWA, OCTOBER 1 Dev Naryan Mehata of Bhokraha Narsingh Rural Municipality has suffered severe losses in paddy cultivation on two bighas of land due to recent flooding caused by incessant rains. He has already invested around Rs 40,000 per bigha (one bigha is equivalent to 72900.589 Sq.ft) into rice cultivation. According […]
