Reuters. MUMBAI: India’s rice stocks hit a record high at the start of January, reaching eight times the government’s target, while wheat stocks continued to deplete as traders urged the government to increase wheat sales amid market shortages. Higher rice stocks would enable the world’s biggest exporter of the staple to accelerate exports. However, dwindling […]
Ada Derana has uncovered a concerning case of fraud in Sri Lanka’s rice import trade, where certain individuals exploit government-granted import permits to deceive consumers. An investigation by Ada Derana revealed that a type of rice, closely resembling Basmati rice, is being imported at low cost and sold in the market under the guise of […]
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, […]
Stating that the government has taken various steps to control the market, the adviser said import of goods has been made easier. There is no way to deny that people are suffering due to the price hike of rice, but there is no Aladdin’s magic lamp to fix the market immediately, said Commerce Adviser Sheikh […]
by Staff Writer. COLOMBO (News 1st); Sri Lanka Customs reports that a total of 115,000 metric tons of imported rice has been released to the market so far. This includes 45,000 metric tons of raw rice and 70,000 metric tons of parboiled rice. The deadline imposed by the government for rice imports, will end tomorrow. […]
Masud Rana. Government foodgrain stocks have significantly declined, prompting urgent measures to replenish reserves. Current stock levels stand at just over 1.2 million tonnes, with rice accounting for about 8,00,000 tonnes and wheat making up the rest. To address this, the government has launched an initiative to import 1.6 million tonnes of rice and wheat […]
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 […]
By: Jordeene B. Lagare – @inquirerdotnet. MANILA, Philippines — The Department of Agriculture (DA) plans to introduce before the end of the month a maximum suggested retail price (MSRP) for imported rice to bring down prices. In an interview on Monday, Agriculture Secretary Francisco Tiu Laurel Jr. said the policy MSRP would be “released very […]
Ada Pelonia. Vietnamese rice prices rose in 2024, with the average annual quotation of the 5 percent broken variety increasing to over $550 per metric ton (MT), according to the World Bank. Figures from the World Bank showed that the average price of Vietnam’s 5 percent broken rice grew by 6.45 percent to $557.5 per […]
by Staff Writer. COLOMBO (News 1st) – Sri Lanka Customs says that 88,000 metric tons of imported rice have been released into the market so far. This includes 34,000 metric tons of raw rice and 54,000 metric tons of parboiled rice. The government’s deadline for rice imports is set to end on the 10th January. […]
