# Tags

Asia rice: Indian rates fall to two-year low on robust rains, weaker rupee

Reuters Indian rice export prices fell to their lowest level in two years this week due to depreciation of the rupee and expectations that a second year of robust monsoon rains would lead to another bumper crop, while Thailand saw muted demand. India’s 5% broken parboiled variety was quoted at $380-$386 per ton, down from […]

Thai rice demand quiet with no major deals, Indian rates near two-year low

Vietnam and Thailand saw muted activity WRITER: Bloomberg News BENGALURU — Ample supplies and expectations of another bumper crop in India kept rice export prices near a two-year low this week, while Vietnam and Thailand saw muted activity. India’s 5% broken parboiled variety was quoted at US$382-$389 per tonne – its lowest level since June […]

Philippines Eyes India, Thailand Rice to Cut Vietnam Reliance

By Neil Jerome Morales and Cliff Harvey Venzon The Philippines, the world’s top rice importer, plans to look beyond its dominant supplier, Vietnam, to ensure steady supplies and competitive prices at home. The agriculture department is in talks with private importers on purchases from producers like India, Pakistan, Cambodia and Myanmar, Agriculture Secretary Francisco Tiu […]

Japan eyes more rice exports as domestic consumption set to decline

KYODO NEWS TOKYO – The Japanese government on Friday vowed to explore new overseas markets and provide support for more efficient production as part of efforts to increase rice exports in response to an envisioned long-term contraction in domestic consumption. In the annual white paper on food and agriculture for fiscal 2024 approved by the […]

Indian rates steady near two-year low; Vietnam, Thailand activity muted

Key points: Ample supplies and expectations of another bumper crop in India kept rice export prices near a two-year low this week, while Vietnam and Thailand saw muted activity. India’s 5% broken parboiled variety (RI-INBKN5-P1) was quoted at $382-$389 per ton – its lowest level since June 2023 – unchanged from last week. Indian 5% […]

Rice crisis hits Japan

Emergency reserves, high prices, rationing — how did problem get this far? By Mari Yamaguchi– Associated Press TOKYO — Rice is essential to Japanese culture, tradition and politics. People take pride in the oval-shaped sticky Japonica grain, which is still a staple even though total consumption has fallen over the decades. But since last summer, […]

“Japan to Supply Lower-Priced Reserve Rice to Rural Areas Amid Price Surge”

TOKYO, May 28 (Bernama-Kyodo) – The Japanese government has pledged to supply reserve rice to rural areas at lower prices, in response to soaring retail costs and high demand from major retailers, Kyodo news agency reported. The Ministry of Agriculture, Forestry, and Fisheries said on Wednesday that it will ensure the stockpiled rice is distributed […]

Rice prices soar as Japanrethinks food security

Yusaku Yoshikawa. Global instability, climate stress and small-scalefarming practices are all putting stress on the market. Will the price fall? Japan has seen unprecedented increases in the cost of rice in recent months, affecting both consumers and the food industry. The surge is prompting the country to re-evaluate rice as a staple food in terms […]

Asia rice: High supply, weak rupee push India rates to near 2-year low.

Source: Business Recorder. India’s rice export prices slid to a near two-year low this week, pressured by a weak rupee and rising supplies amid subdued demand, while export markets in other key Asian hubs remained quiet. India’s 5% broken parboiled variety was quoted at $382-$389 per ton, down from the last week’s $384-$391. Indian 5% […]