Synopsis Indian rice export prices reach their lowest since June 2023 due to weak demand and abundant supplies, with 5% broken parboiled rice quoted at $409-$415 per tonne. Rice export prices from India extended declines this week to their lowest level since June 2023 due to weak demand and abundant supplies, while Vietnam rice saw […]
FE REPORT The government has been able to achieve 70 per cent of its rice and paddy procurement target from domestic sources during the Aman season. As of March 9, the Directorate General of Food (DGoF) has collected 0.53 million tonnes of rice. The deadline for the procurement is March 15. In November, the government […]
AN AGRICULTURE industry association asked the Tariff Commission to restore rice import tariffs to 35% for Southeast Asian grain, while imposing a 50% rate for all other countries of origin. Executive Order No. 62, which reduced the tariffs to 15%, has failed to reduce rice prices, as it had been designed to do, Samahang Industriya […]
India’s decision to lift rice export bans has led to steep price declines worldwide and altered trade dynamics. The global rice market is currently experiencing significant upheaval due to recent policy changes implemented by the Indian government. India, the world’s largest rice exporter, recently lifted two bans on rice exports, prompting sharp fluctuations and price […]
