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Skyrocketing rice prices overshadow drop in vegetable prices.

Retailers attribute this surge to rate hikes by mill owners and are calling for stricter monitoring at the mill gates. Government measures, including reduced import tariffs, have yet to make an impact on market prices. Highlights The price of rice has risen by Tk6-10 per kg over the past month, despite the peak Aman season, […]

P58/kilo maximum SRP for imported rice to start on January 20.

By ANNA FELICIA BAJO, GMA Integrated News. Department of Agriculture Secretary Francisco Tiu Laurel announced on Friday that the maximum suggested retail price (MSRP) for imported rice would be set at P58 per kilo beginning January 20. “This MSRP aims to strike a delicate balance between business sustainability and the welfare of consumers and farmers,” […]

Ties frosty but Bangladesh to buy 50,000 tonnes of rice from India.

The Bangladesh interim government has approved the import of 50,000 tonnes of non- basmati parboiled rice from India to fulfill domestic demand. A private Indian company will supply the rice at a cost of $22,942,000, evidencing a consistent trade relationship despite recent diplomatic tensions. DHAKA: The Bangladesh interim government has approved import of 50,000 tonnes […]

Govt to speed up rice import to contain prices.

Cabinet committee approves 50,000 tonnes of rice import. The government has taken an initiative to accelerate rice imports to strengthen the buffer stock of food grains and to arrest the upward trend of the staple’s price. At a meeting yesterday of the cabinet committee on purchase, Finance Adviser Salehuddin Ahmed directed the relevant ministries to […]

Adviser: Rice imports to be increased to stabilize prices

If necessary, special Open Market Sale (OMS) programs will be initiated, the adviser said. Tribune Desk To stabilize rice prices, the Ministry of Food has been instructed to increase rice imports from any available sources, said Finance Adviser Dr Salehuddin Ahmed. During a press briefing at the Secretariat on Tuesday following a meeting of the […]

Food ministry seeks Tk4,150cr more for subsidies, rice import amid rising demand.

Ministry proposes increasing rice imports allocation from Tk2,898cr to Tk6,270cr. The Ministry of Food has requested an additional Tk4,150 crore in the revised budget for FY2024-25 to cover increased food subsidy and rice import allocations This reflects a 75% rise in food subsidy requirements, driven by heightened demand for rice and flour under government programmes […]

Morocco Imports Rice to Offset Severe Drop in Production Amid Drought.

Morocco’s rice production has fallen drastically due to climate change, dropping from 55,000 tons in 2023 to just 7,000 tons this year. Firdaous Naim. Morocco has started importing rice to address the drastic shortfall in domestic production mainly caused by drought. The first shipments are expected to arrive this month as the country turns to […]

Rice importers urged to bring in more 25% broken-grain varieties.

THE Department of Agriculture (DA) said rice traders need to set aside a portion of their imports to grain with 25% broken content, citing the need to lower rice prices. “By importing more rice with 25% broken grains, we can significantly increase the availability of affordable rice options for Filipino consumers,” Agriculture Secretary Francisco P. […]