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Consumers in hardship as rice prices keep surging

Govt goes for bulk import as rice prices drop in international market. ANM Mohibub Uz Zaman When consumers are already grappled with soaring commodity prices, retail prices of all varieties of rice have jumped in kitchen markets, thanks to crop losses due to adverse weather conditions, including the recent floods. According to Shahzahan Talukder of […]

Vietnam takes advantage of low global rice prices with import surge

Vietnam is rapidly increasing rice imports as global prices hit a low point, making October’s import bill nearly 3.3 times higher than last year’s. Preliminary statistics from the General Department of Customs show that in October, Vietnam exported 0.8 million tons of rice, generating $505 million. This represents a 29% increase in volume and a […]

Bangladesh issues another tender to buy 50,000 T rice

Reuters HAMBURG: Bangladesh’s state grains buyer has issued an international tender to purchase 50,000 metric tons of rice, traders said on Tuesday. The deadline for submission of price offers is Nov. 18. A previous tender from Bangladesh for 50,000 tons of rice closed on Monday with rice from India offered at the lowest price with […]

Rice Policy: Prolonged high prices creates heavy burden: The Japan News

The ministry has concluded that a delay in grasping the actual situation regarding rice shortages at stores as well as in disseminating information to consumers and distributors caused anxiety among consumers. The Japan News ISLAMABAD – Amid the persistent high prices of rice, frustration is growing among people. It is hoped that the Agriculture, Forestry […]

Imported rice price jumps by 114% as FG delays duty-free food policy

Oluwatosin Ogunjuyigbe The average price of imported high-quality loose rice has risen dramatically by 144.77 per cent over the past year, while the Federal Government delayed implementing its duty-free food policy. This information comes from the selected food prices report published by the National Bureau of Statistics. In July 2024, the Federal Government announced a […]

Indian rice lowest offer in Bangladesh tender for 50,000 T

Synopsis Bangladesh received a lowest offer of $477 per tonne for 50,000 tonnes of rice from India in a tender aimed at securing supplies after devastating floods. While the offer is under consideration, the government plans to import a total of 500,000 tonnes and allow private imports to combat soaring food prices. The lowest price […]

Weak rupee, fresh supply push Asia rice prices lower

By Ashitha Shivaprasad MUMBAI/BANGLADESH/BANGKOK/HANOI- Rice export prices in India extended losses this week to hit their lowest level in 15 months, due to depreciation in the rupee and rising supplies. Top exporter India’s 5 percent broken parboiled variety was quoted at $442-$449 per ton, the lowest since July 20, 2023 and down from the last […]

THAI RICE EXPORTS SURGE 22% IN FIRST 9 MONTHS AMID GROWING COMPETITION

By Khaosod English BANGKOK — Thailand exported 7,448,941 tons of rice worth 172.019 billion baht in the first nine months of 2024 (January-September), an increase of 22 percent in volume and 45.8 percent in value compared to the same period in 2023, according to Pol. Lt. Col. Charoen Laothamatas, President of the Rice Exporters Association […]