TBS Report Dhaka announced on Wednesday it would allow duty-free imports of 500,000 tonnes of rice in a move aimed at stabilising domestic prices. Rice prices in India have risen by as much as 14% in two days after Bangladesh removed a 20% import duty on the staple, prompting traders across the border to rush […]
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 […]
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 […]
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 […]
India and other countries have ended export restrictions, flooding the market with supply. Susannah Savage in London Global rice prices have tumbled to their lowest level in eight years, in a blow to many farmers across Asia, as record harvests and the ending of export bans in India flood the market with supply. Export prices […]
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 […]
Rice prices may soon rise following President Ferdinand Marcos Jr.’s order to suspend all rice importation for 60 days starting September 1, 2025, a stakeholders’ group warned. Philippine Rice Industry Stakeholders Movement lead convenor Rowena Sadicon said the reduced supply of imported rice will push demand toward local stocks, driving prices upward. “Kapag nabawasan ang […]
Synopsis A new 50% tariff imposed by the US on Indian rice exports, effective August 27, threatens to significantly increase prices for the Indian diaspora in America. This could lead to a shift towards cheaper Pakistani alternatives. The Indian diaspora in the United States may soon have to pay up to 50% more for rice […]
Vietnam’s benchmark price for five-percent broken rice surged to US$391 per metric ton following a decision by the Philippines to suspend rice imports for 60 days from September 1, a measure that sharply boosts purchasing ahead of the deadline, according to the Vietnam Food Association (VFA). This marks a $9 increase since the start of […]
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 […]
