The Department of Agriculture said a retail price of around P42 per kilo for well-milled rice represents a “happy balance” that meets both the needs of Filipino consumers and farmers. “While we aim to drive down food costs, we are also mindful of the needs of our primary stakeholders—our farmers and their families, who work […]
The paddy and rice prices seem to be a political game but can be sorted out to a greater extent based on more coherent policies, planning and implementation mechanisms. Paddy and rice prices are socially sensitive issues that cause headaches for any government at different periods of the year. It is a pride of Sri […]
HANOI (Reuters): Vietnam’s rice export prices dipped to their lowest in more than a year on concerns about Indonesian rice imports in the coming year, while India’s rice prices held steady near their lowest levels in 15 months due to burgeoning supplies. Vietnam’s 5% broken rice were offered at their lowest since July 2023 at […]
Cyrus Ademola The price of locally produced paddy rice is expected to surge by approximately 55% during the 2024/2025 season, exacerbating the already high cost of living, a new report has revealed. The Afex Wet Season Crop Production 2024 report, obtained by Nairametrics, highlights a steady rise in rice prices. The report states that during […]
Reuters BENGALURU, MUMBAI, HANOI, BANGKOK AND BANGLADESH: Vietnam’s rice export prices dipped to their lowest in more than a year on concerns about Indonesian rice imports in the coming year, while India’s rice prices held steady near their lowest levels in 15 months due to burgeoning supplies. Vietnam’s 5% broken rice were offered at their […]
The jeera masino rice, which cost Rs1,600 per 25 kg, jumped to Rs2,500 after India’s export ban in July last year. Despite India lifting the rice export ban and removing the export duty more than a month ago, prices in the domestic market have refused to come down. Most of Nepal’s city residents eat fine […]
Yamashita Kazuhito Agriculture expert Yamashita Kazuhito argues that the summer 2024 rice shortages in Japan were the result of government efforts to keep rice prices high by reducing the acreage of crops cultivated. Empty Shelves In August 2024, rice disappeared from Japanese supermarket shelves, and prices rose, but the Ministry of Agriculture, Forestry, and Fisheries […]
Farmers who have harvested the fragrant rice are happy despite drop in prices. By Prabhudatta Mishra Basmati farmers in Punjab are happy despite receiving prices lower than last year. The reason for their happiness is the problems with the current procurement situation in the State amid a late purchase of non-Basmati paddy after a fortnight-long […]
Reuters MUMBAI/ HANOI /BANGKOK/BANGLADESH: Prices of rice exported from top hub India fell for a third straight week, hitting a 15-month low, due to rupee depreciation and increased supply. India’s 5% broken parboiled variety was quoted at $440-$447 per metric ton this week, the lowest since July 2023 and down from last week’s $442-$449. Indian […]
By: Jordeene B. Lagare The Philippines stands to benefit from the Indian government’s move to scrap the floor price on its rice exports as the recent development is expected to stabilize retail prices and supply of rice. Rowena Sadicon, founder of the Philippine Rice Information System, said the removal of the minimum export price (MEP) […]
