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DGFT exempts certificate of inspection for export of basmati, non-basmati rice to Europe except UK.

India has exempted the need for a certificate of inspection for European countries except the UK, Iceland, Liechtenstein, Norway, and Switzerland for export of basmati and non-basmati rice.ANI New Delhi [India], March 10 (ANI): India has exempted the need for a certificate of inspection for European countries except the UK, Iceland, Liechtenstein, Norway, and Switzerland […]

Vietnamese rice exporters urged to boost global competitiveness

Vietnamese and Thai 5% broken rice have seen declines of 38-45%, with Vietnam’s prices falling from 680-700 USD per tonne to 390-400 USD per tonne, an unprecedented decrease. Hanoi (VNA) – Vietnamese Trade Counselor in India Bui Trung Thuong has urged Vietnamese rice exporters to strengthen their global competitiveness and diversify markets and sales channels […]

Japan Govt Starts Receiving Bids for Stockpiled Rice

Jiji Press. Tokyo, March 10 (Jiji Press)—The Japanese agriculture ministry started receiving bids for stockpiled rice on Monday in an effort to curb soaring prices by addressing supply shortfalls. In the initial round of the auction, the ministry will sell 150,000 tons of 210,000 tons of reserved rice it plans to release. It is the […]

Japan auctions emergency rice reserves as prices soar

Agence France-Presse Tokyo, Japan — The Japanese government began a rare auction on Monday of its emergency rice stockpiles in a bid to help drive down the surging price of the national staple. Rice shortages driven by factors from poor harvests caused by hot weather to panic-buying over a “megaquake” warning last summer have caused […]

Lower milling rate to hike rice imports.

Jasper Emmanuel Arcalas – The Philippine Star MANILA, Philippines — The Philippines’ rice import requirement may increase after the Philippine Statistics Authority (PSA) revised a key parameter used by the government in estimating the country’s domestic production and supply of the staple. After three decades, the PSA revised downward its benchmark conversion ratio of palay […]

Rice and Wheat output seen elevated, Second Advance Estimates put kharif foodgrains production at 1663.91 MT

The Ministry of Agriculture and Farmers’ Welfare has released Second Advance Estimates of production of Major Agricultural Crops (Kharif & Rabi) for the year 2024-25 today. The Kharif foodgrain production is estimated at 1663.91 LMT, and Rabi foodgrain production is estimated at 1645.27 LMT. Kharif Rice production is estimated at 1206.79 LMT as compared to […]

P10-B NFA modernization program to boost rice storage, help farmers.

By Marita Moaje MANILA – The National Food Authority (NFA) is implementing a PHP10-billion modernization program to expand rice storage, upgrade processing facilities, and enhance post-harvest efficiency, ultimately reducing losses and increasing farmers’ income. NFA Administrator Larry Lacson on Monday said these long-overdue upgrades would significantly improve rice and palay storage, ensuring better management of […]

Asia Rice: India rates hit lowest since June 2023, Vietnam sees demand pick up

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 […]

Govt achieves 70pc of target

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 […]

Agriculture industry group seeks restoration of 35% rice import tariff

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 […]