BENGALURU/MUMBAI/BANGKOK/HANOI AND BANGLADESH: Thai rice export prices fell to a more-than-one-year low this week pressured by quiet demand and competition from cheaper rivals, while India prices edged higher on a stronger rupee, despite sluggish demand from Asian and African buyers. Thailand’s 5% broken rice was quoted at $550-$560 per ton, the lowest level since July […]
By SHAO XINYING | China Daily Global Japan has been grappling with soaring rice prices amid a shortage of the staple grain in recent months due to myriad reasons including bad weather and hoarding by households after warnings of impending disasters. Experts have also pointed to the country’s restrictive rice policies as a possible cause. […]
By Akemi TerukinaBloomberg Bags of rice are expected to start filling the shelves of Japan’s supermarkets again soon as farmers harvest their new crop, though the increase in supply will do little to tame higher prices. The nation’s commercial rice stockpiles — already depleted after hot weather baked the 2023 crop — shrunk to their […]
India and Pakistan are the only growers of premium-grade basmati rice, and the Indian restrictions helped Pakistan gain market share in some categories. Reuters NEW DELHI/ MUMBAI India’s decision to remove the floor price for basmati rice exports is expected to spur a flurry of orders from the Middle East, Europe, and the Americas, leading […]
The price of rice and paddy in Thailand has experienced a significant decline in recent months, driven by a combination of global market factors and the strengthening Thai baht. The Thai Rice Mills Association reported that the average price of paddy rice has decreased by 1,000 baht per ton, while the price of rice has […]
Competitive pricing threatens Pakistan’s $3.9b rice export market. SHAHRAM HAQ LAHORE: The recent decision by the Indian government to remove the floor price for basmati rice exports and ease restrictions on non-basmati rice exports has sparked panic among Pakistani rice exporters, who had benefited from the previous restrictions. These benefits were reflected in Pakistan’s annual […]
DOMESTIC RICE PRICES are likely to decline further with the entry of more imports under lowered tariffs, the National Economic and Development Authority (NEDA) said. “There’s a great amount of imports coming in from the effects of the tariff reduction plus of course the development of the global market,” NEDA Secretary Arsenio M. Balisacan told […]
Neha Raj India, the world’s largest rice exporter, is contemplating easing restrictions on non- basmati rice exports. This move comes shortly after the country removed the minimum export price for basmati rice, aimed at enhancing global competitiveness and expanding its market reach. Background and Current Situation India has maintained export limits on several rice varieties […]
By TED CORDERO, GMA Integrated News Agriculture Secretary Francisco Tiu Laurel Jr. on Wednesday said the full impact of the reduction in the tariff rate for imported rice would be felt by consumers in January next year. In a news release, Tiu Laurel said rice prices are projected to start declining in October. “But since […]
Shoppers in Japan have been facing rice shortages at retailers as the average wholesale price rose sharply in August to its highest level for the month. The agriculture ministry says industry cooperatives sold all varieties of rice produced in 2023 to wholesalers at 16,133 yen, or 114 dollars, per 60 kilograms on average. That’s a […]
