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Rice prices plunge to 8-year low after record harvests

India and other countries have ended export restrictions, flooding the market with supply. Susannah Savage in London Global rice prices have tumbled to their lowest level in eight years, in a blow to many farmers across Asia, as record harvests and the ending of export bans in India flood the market with supply. Export prices […]

242 companies get permission to import 5 lakh tonnes of rice

UNB News In a move to control rising rice prices and stabilise the market, the government has authorised 242 private companies to import a total of 5 lakh metric tonnes of rice, including both parboiled and uncooked varieties. A letter from the Ministry of Food was sent to the Commerce Ministry on Sunday, requesting permission […]

Vietnam pushes low-carbon rice farming to meet net-zero goal

Vietnam combines SRI methods, tech investment, and carbon credits to reduce GHG emissions In the implementation of the sustainable development project for one million hectares of high-quality, specialized rice linked to green growth in the Mekong Delta, reducing greenhouse gas emissions in rice farming has become a key focus for localities. However, this is a […]

Exclusive: Fistful of dollars and rice for Vietnam farmers displaced for $1.5 billion Trump golf club

By Khanh Vu and Francesco Guarascio Summary HUNG YEN, August 11 (Reuters) – Vietnamese farmer Nguyen Thi Huong has slept poorly since authorities told her to vacate her farm for a Trump family-backed golf resort, offering just $3,200 and rice provisions in return. The golf resort, for which construction is scheduled to begin next month, […]

60-day rice import suspension gets local support

By Bernard Susbilla BACOLOD CITY (PIA)—The 60-day rice importation suspension order of President Ferdinand Marcos Jr. has earned the support of Negros Occidental Governor Eugenio Jose Lacson. In a media interview, Lacson said he believes the President’s move is a way to protect Filipino farmers from low palay (unmilled rice) prices during the current harvest […]

Korea implements first rice lending program amid shortage, supplies 30,000 tons

Government unveils new strategy to aid rice supply amidst looming crisis. By Yun Hee-hun With the rice shortage phenomenon emerging in the market ahead of this year’s harvest season, the government is implementing rice lending for the first time. Until now, the government had adjusted supply by releasing rice when there was a shortage and […]

Rice procurement faces disruption due to 0.5% source tax

UNB, Dhaka Rice procurement activities across the country are facing disruptions following the imposition of a 0.5% source tax on domestic rice procurement, according to an official document. The document was placed in a recent meeting of Food Planning and Monitoring Committee (FPMC) held at Bangladesh Secretariat with Finance Adviser Dr Salehuddin Ahmed in the […]

Indonesia’s West Pasaman optimizes 500 ha to boost rice production

Simpang Empat (ANTARA) – The West Pasaman District Government in West Sumatra is optimizing agricultural land to boost rice production in the region. “Land optimization is essential to improve fields and irrigation channels so that water flows smoothly. We hope this will increase rice yields,” said Doddy San Ismail, West Pasaman Food Crops and Horticulture […]

Rice procurement faces disruption due to 0.5% source tax

UNB, Dhaka Rice procurement activities across the country are facing disruptions following the imposition of a 0.5% source tax on domestic rice procurement, according to an official document. The document was placed in a recent meeting of the Food Planning and Monitoring Committee (FPMC) held at Bangladesh Secretariat with Finance Adviser Dr Salehuddin Ahmed in […]