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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 […]

Surging rice import is business as usual: MARD

Việt Nam is set to export over 8.6 million tonnes of rice in 2024 while also ranking as the third-largest importer globally. Meanwhile, the Southeast Asian country has also become a major importer of rice, ranking third after Indonesia and the Philippines, according to the latest forecast by the US Department of Agriculture. Data from […]

Global rice prices drop over 10% after India lifts all curbs on exports

Arrival of new crop in Pakistan, Myanmar add to the pressure on the market. By Subramani Ra Mancombu Rice prices in the global market have dropped by over 10 per cent over the past fortnight, mainly because of India lifting all curbs on exports and arrivals of new crops in Pakistan and Myanmar, traders said. […]

India’s agri-exports slip slightly, but rice and meat shipments show growth

Basmati rice exports rose sharply by 11 per cent between April and September 2024, compared to the same period in FY24 reaching $2.87 billion, aided by the recent removal of the minimum export price. Abhijeet Kumar New Delhi India’s agricultural and processed food exports experienced a slight decline of 1 per cent, reaching $12.13 billion […]

Asia Rice: Rates drop across major hubs after India slashes export duty

BENGALURU/ MUMBAI/BANGKOK/HANOI/BANGLADESH: Rice export rates dipped across major Asian hubs this week after India abolished export duty on the staple and raised fears of over-supplying the market, pushing rates in the top exporter and in Vietnam to their lowest levels in more than a year. India scrapped the export tax on parboiled rice late on […]

Traders reluctant to import rice despite tariff cuts

Rice traders in Bangladesh are less interested in importing the grain despite the recent slash in related tariffs as they do not believe there is enough of a profit margin because of high prices on the international market. They added that doing so would have little effect on reducing domestic prices at this time. The […]