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Vietnamese rice grower helps tackle Cuba’s food shortage

Leticia PINEDA AFP Outside Havana, a combine belonging to a private Vietnamese company is harvesting rice, directly farming Cuban land — in a first — to help address acute food shortages in the country. The Cuban government has granted Agri VAM, a subsidiary of Vietnam’s Fujinuco Group, 1,000 hectares (2,470 acres) of arable land in […]

Rice prices in India jump 14% in two days as traders rush to Bangladesh

By Sutanuka Ghosal Synopsis Rice prices in India have surged up to 14% due to increased exports to Bangladesh, which has temporarily removed its 20% import duty. Traders, anticipating this move, had stocks ready, leading to a supply imbalance and price hikes for varieties like Swarna, Miniket, and Sona Masoori across India. Rice prices in […]

US tariff hike on India opens door for Pakistan to expand aromatic rice market share

Indian basmati rice faces 50% tariff, while Pakistani rice faces 19% duties; US retailers report increased interest in Pakistani basmati rice. By Monitoring Desk The higher tariff imposed by the US administration on India, including rice exports, has created an opportunity for Pakistan to expand its share in the US aromatic rice market, according to […]

What’s driving our rice price crisis amid 8-year global low?

Shahadat Hossain Since August last year, prices have surged in waves, even during peak Aman and Boro harvests. Global rice prices have slumped to their lowest in eight years, yet in Bangladesh, they continue to climb—defying record harvests, high imports, and large government reserves. The result: record-high retail prices for the country’s staple grain, persisting […]

US tariff on Indian rice opens market for Pakistan

Anwar Iqbal WASHINGTON: The 50 per cent tariff imposed by the Trump administration on Indian goods, including basmati rice, has reshaped trade flows in the United States, providing Pakistan an opportunity to expand its share in the American aromatic rice market. Pakistan’s basmati rice exports have witnessed steady growth in recent years. According to the […]

Rice exporters target new Asian markets

NEWSPAPER SECTION: Business, WRITER: Phusadee Arunmas The Commerce Ministry has announced a plan to increase rice exports to China, Bangladesh, Saudi Arabia, Japan and Hong Kong. Commerce Minister Jatuporn Buruspat said the ministry had a meeting with the Thai Rice Exporters Association to discuss the rice export outlook in the latter half of the year. […]

242 companies get permission to import 5 lakh tonnes of rice

UNB News In a move to control rising rice prices and stabilise the market, the government has authorised 242 private companies to import a total of 5 lakh metric tonnes of rice, including both parboiled and uncooked varieties. A letter from the Ministry of Food was sent to the Commerce Ministry on Sunday, requesting permission […]

Korea implements first rice lending program amid shortage, supplies 30,000 tons

Government unveils new strategy to aid rice supply amidst looming crisis. By Yun Hee-hun With the rice shortage phenomenon emerging in the market ahead of this year’s harvest season, the government is implementing rice lending for the first time. Until now, the government had adjusted supply by releasing rice when there was a shortage and […]

World’s Top Rice Buyer Philippines Halts Imports for 60 Days

By Manolo Serapio Jr Takeaways by Bloomberg AIHide The Philippines will suspend rice imports for 60 days from Sept. 1 to support local farmers, a move that could further pressure global prices as the top buyer of the grain pulls back from the market. President Ferdinand Marcos Jr. issued the order to protect farmers reeling […]