Customer demand remains high, with Việt Nam exporting over one million tonnes of rice in the first two months of the year. Although rice prices remain steady due to abundant supply, experts anticipate a market rebound in the near future. Đỗ Hà Nam, vice chairman of the Việt Nam Food Association (VFA), said that customer […]
Japan’s agriculture ministry said Friday that it has selected successful bidders for 141,796 tons of government-stockpiled rice in the initial round of an auction aimed at curbing recent increases in rice prices. The weighted average of the auctioned rice prices came to 21,217 yen per 60 kilograms. The rice is expected to hit store shelves […]
By Vivek Waghmode. Chennai: India may struggle to regain its lost market for broken rice after lifting its export ban on March 7, according to traders and analysts, reports The Hindu Businessline. “It will be difficult for India to reach the same level of broken rice exports as before the ban,” said Rajesh Paharia Jain, […]
The Philippines, a nation where rice is a dietary staple, is confronting a significant challenge: domestic rice consumption is projected to continue outpacing production, leading to a widening supply deficit. According to BMI, a unit of Fitch Solutions, this deficit could reach 6.1 million metric tons (MT) by 2029. Consumption and production trendsBMI forecasts that […]
Record prices for rice are rippling through society. By Eddy Duan Japan does not have enough rice for sale, but no one can agree on exactly why. Last year’s harvest edged higher, raising hopes that it would ease a tight supply. Instead, consumers are paying record prices this year, sparking frustration, finger-pointing and forcing the […]
By: Jordeene B. Lagare MANILA, Philippines – Local rice production is projected to decrease this current crop year due to unfavorable weather conditions, which could translate to higher retail prices, according to research firm BMI. In a report, BMI said the domestic output is pegged at 1.2 million metric tons (MT) in the 2024/2025 cycle, […]
THE ASAHI SHIMBUN The agriculture ministry plans to export 350,000 tons of rice in 2030, nearly eight times the amount in 2024, as part of a new mechanism to prevent future rice shortages in Japan. A steady reduction in rice acreage has led to an over-curbing of production, creating the current rice shortage and the […]
In FY24, India shipped rice worth $10.41 billion, a decline of 6.5% on year, as shipments were hampered because of restrictions that were imposed to improve domestic supplies. Written by Sandip Das The government’s move to lift the ban on broken rice exports — the last of the restrictions on the shipments of the grain […]
UN body also estimates global cereal use could reach 2,867 million tonnes in 2024/25. Lalit Maurya Global wheat production could reach 796 million tonnes in 2025. This represents an increase of 1 per cent over the previous year. This is according to the United Nations Food and Agriculture Organization (FAO)’s new report on global grain […]
This is the first time for the government to make a release from its stockpile to stabilise the rice market. The Japan News TOKYO – The government on Monday began soliciting bids for 150,000 tons of stockpiled rice reserved for emergency use, which is being released to rein in soaring prices. Forty-one varieties of rice, […]
