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Rice prices rise in Bangladesh amid ‘supply shortage’

Despite no increase in wholesale prices, some retailers have opted to sell rice at higher prices. Retail rice prices in Dhaka have risen by Tk2 to Tk3 per kilogramme due to alleged supply shortage, despite steady wholesale market prices over the past five days. During visits to various kitchen markets, it was found that retailers […]

Rice output to rise 45.8pc if full potential tapped

JAHIDUL ISLAM Rice production in Bangladesh remains at 4.8 tonnes per hectare, 1.2 to 2.2 tonnes below the potential yield of 6-7 tonnes, due to constraints such as cultivation of low-yield paddy varieties, according to the final report of the taskforce on sustainable development formed by the planning ministry. Addressing the ongoing challenges would help […]

Rice industry calls for budget support to boost exports, agri infra.

IREF VP called for raising the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme from 1 per cent to 3 per rcent and reintroducing the interest equalization scheme to support exporters. Press Trust of India Kolkata The Indian rice industry has urged the government to provide incentives and policy support in the upcoming […]

Rice and broken rice export earns US$1331.899million in last year

Global New Light of Myanmar Rice and broken rice export to nearly 50 destinations in last year earned US$1331.899 million, said Myanmar Rice Federation in a statement. 103 companies exported rice and broken rice totalling 2,767,414 tonnes to 49 countries, earning US$1331.899 million. MRF has worked on rice and broken rice export in accordance with […]

Sri Lanka rice hub traders say new paddy coming to mills, prices to fall.

ECONOMYNEXT – Mills in Sri Lanka’s Marandhagahamulla, a key rice trading centre, are getting new paddy from the Maha (main) harvest which will be released to consumers in the next few days, an industry official said. After torrential rains delayed harvests and drying initially, paddy is now being harvested in several districts. “After the rains […]

Inter-cropping of floriculture with rice to boost farmers’ income. 

The country’s floriculture industry has grown into a high-performing sector, earning its status as a ‘sunrise industry’ with a 100% export orientation, according to the Survey. Written by Sandip Das. The survey has noted that growing flowers in rice-based crop sequences gave higher net returns than other intercropping patterns such as rice-soybean, rice-bell pepper, rice-fodder […]

Rice exporters advocate urgent reforms.

Recorder Report. KARACHI: In a bid to safeguard the future of the rice export industry, exporters have urged for immediate reforms for the export of rice aimed at reducing disruptions and streamlining the export process, ensuring greater efficiency and smoother operations. Rice exports reached a record high of $4 billion in the last fiscal year […]

MerryMart joins DA efforts to offer affordable rice.

Agriculture Secretary Francisco P. Tiu Laurel Jr. on Friday welcomed an initiative by MerryMart Grocery, a company under listed DoubleDragon Corp., to support the government’s effort to provide affordable rice options to Filipino consumers. “We need more good corporate citizens like MerryMart who are ready to extend a helping hand to assist the government in […]

Asia Rice: Muted demand and rising supply keep Indian, Thai rates steady.

Reuters. MUMBAI, BANGKOK AND BANGLADESH: Prices of rice shipped from top exporter India were steady at an 18-month low while Thai rates were also unchanged from last week, amid muted demand and rising supplies. India’s 5% broken parboiled variety was quoted at $429-$435 per metric ton this week, unchanged from last week. Indian 5% broken […]