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Asia rice: Thai prices hit 3-week high on strong baht; Vietnam rates fall on weak demand

Reuters Thai rice export prices rose to a three-week high this week, supported by the baht’s appreciation, while thin demand pushed Vietnamese offers lower. Thailand’s 5% broken rice was quoted at $355–$365 per tonne, its highest since Aug. 21, compared with $355 per tonne last week, traders said, citing the stronger baht Domestic prices were […]

Gov’t to supply 25,000 tons of additional rice for price stabilization

By Yonhap The agriculture ministry said Friday it will supply an additional 25,000 tons of rice from its reserves of the staple grain to help stabilize soaring prices sparked by a supply shortage. The decision came as the producer price of a 40-kilogram bag of rice surpassed 220,000 won ($158) for the first time in […]

Floodhit Pakistan, India face rising Basmati prices

Reuters MUMBAI/KARACHI: Heavy rains and widespread flooding in basmati rice-growing regions of Pakistan and India have raised concerns over output of the premium staple, driving prices higher as supplies are expected to fall. Pakistan and India exclusively grow aromatic basmati rice, which sells for nearly twice the price of regular varieties and is primarily imported […]

Rice price hike: Now middle-class also feels the heat

MIR MOSTAFIZUR RAHAMAN In a country where the average household’s diet depends overwhelmingly on rice, its price is more than an economic signal; it is a barometer of political stability, social equity, and the state’s administrative competence. Over the past year, the prices of rice, the main staple, has confounded expectations. Despite bumper harvests, record […]

Lower rice prices cushion poor as inflation rises in August

Author: DA Press Office Lower rice prices and easing costs for meat, poultry, and fruits—tempered by interventions of the Department of Agriculture as directed by President Ferdinand Marcos Jr.–continued to shield the country’s most vulnerable households from the full impact of rising consumer prices in August, even as headline inflation picked up pace. The Philippine […]