By TED CORDERO, GMA Integrated News The Department of Agriculture (DA) is looking into the possibility of imposing a minimum buying price or “floor price” for paddy rice among traders or middlemen in a bid to ensure local rice farmers can sell their harvest at fair prices. At a news forum in Quezon City, DA […]
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 […]
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 […]
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 […]
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 […]
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% […]
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, […]
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 […]
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 […]
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% […]
