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Engro Corporation to sell rice processing subsidiary to MAP Rice Mills in Rs2.4bn deal.

Pakistan’s largest conglomerate, Engro Corporation, has decided to sell its wholly-owned subsidiary, Engro Eximp Agriproducts (Private) Limited (EEAP) to MAP Rice Mills (Private) Limited for Rs2.4 billion (USD 8.61 million). The development was disclosed by Engro Holdings Limited, formerly Dawood Hercules Corporation Limited, in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “Please […]

Thailand’s rice exports hit six-year high in 2024.

BANGKOK: Thailand’s rice exports reached a six-year high in 2024, with a total volume of 9.95 million tonnes, marking a 13 per cent increase from a year earlier, reported Xinhua, citing official data. The South-East Asian nation’s rice export value last year amounted to 225.66 billion baht (about US$6.43 billion), accounting for a rise of […]

NFA to distribute 150,000 MT of rice under national food security emergency.

By JON VIKTOR D. CABUENAS, GMA Integrated News The National Food Authority (NFA) is looking to distribute some 150,000 metric tons (MT) of rice from its buffer stock once a national food security emergency is declared, the Department of Agriculture (DA) said Wednesday. According to the DA, the NFA plans to release around 3 million […]

Govt to import rice, fertilizer, diesel

The committee approved measures to ensure a steady supply of essentials and strict monitoring during Ramadan. The government will import rice, fertiliser and diesel and procure sugar and lentil from local suppliers to meet the domestic demands. Advisers’ Council Committee on Government Purchase (ACCGP) in a meeting on Tuesday, with Finance Adviser Dr Salehuddin Ahmed […]