By GMA Integrated News The Department of Agriculture (DA) said it will conduct monthly reviews of the maximum suggested retail price (MSRP) of P58 per kilo for premium imported rice, with the possibility of having this lowered by next month should global trends dictate any adjustments. In a statement released Sunday, the DA said it […]
By Vietnam News Agency. The Philippines’ rice imports in 2024 rose to a new all-time high of almost 4.7 million metric tons as the country turned to foreign supplies to plug its shortfall in domestic stocks and temper retail prices of the staple. The figure was nearly 30% higher than the 3.61 million metric tons […]
Retailers attribute this surge to rate hikes by mill owners and are calling for stricter monitoring at the mill gates. Government measures, including reduced import tariffs, have yet to make an impact on market prices. Highlights The price of rice has risen by Tk6-10 per kg over the past month, despite the peak Aman season, […]
Reuters. Vietnam rice export rates dropped to their lowest level in nearly two years due to weak demand, while Indian prices held steady near a 17-month low. Vietnam’s 5% broken rice was offered at $460 per metric ton, down from last week’s $481, according to the Vietnam Food Association. Prices were at their lowest since […]
Strong dollar, higher exchange rate also dragging exports; demand from Africa stable. By Subramani Ra Mancombu Rice prices in the global market have dropped by over five per cent in the past three weeks on slack demand and good production resulting in ample supplies. “Rice prices are down sharply as the production is higher this […]
Cabinet committee approves 50,000 tonnes of rice import. The government has taken an initiative to accelerate rice imports to strengthen the buffer stock of food grains and to arrest the upward trend of the staple’s price. At a meeting yesterday of the cabinet committee on purchase, Finance Adviser Salehuddin Ahmed directed the relevant ministries to […]
Masud Rana. Government foodgrain stocks have significantly declined, prompting urgent measures to replenish reserves. Current stock levels stand at just over 1.2 million tonnes, with rice accounting for about 8,00,000 tonnes and wheat making up the rest. To address this, the government has launched an initiative to import 1.6 million tonnes of rice and wheat […]
Everybody wins in ‘Rice for All’ program By Intercontinental Broadcasting Corporation (IBC-13) Because rice is considered the essence of the Filipino, it’s only fair that they should be offered to the Pinoy consumer in the most affordable way possible. This is exactly what the administration of President Ferdinand R. Marcos Jr. has set out to […]
The shift from handwritten cards to the smart family cards will result in more than 37 lakh cardholders not receiving any product from the TCB in January. The hardship of low-income family cardholders is set to worsen as the Trading Corporation of Bangladesh (TCB) has excluded rice from its list of subsidised food items for […]
However, the government is yet to decide the ethanol price which may soon be revised upward from ₹58.50/litre as it was fixed when FCI rice was sold at ₹20/kg in 2023-24. By BL New Delhi Bureau The Centre has decided to fix the rice price at ₹28/kg from the stock of the Food Corporation of […]
