Two of Asia’s most advanced economies, Japan and South Korea are facing opposite ends of a growing problem in the agricultural sector in terms of rice market instability. While Japan faces acute shortages and soaring prices, South Korea is grappling with an oversupply crisis that is threatening the viability of its rice-farming sector. These imbalances […]
Jasper Emmanuel Arcalas – The Philippine Star MANILA, Philippines — The government should prioritize the implementation of the floor price mechanism for both palay and corn in the last three years of the Marcos administration, the Philippine Chamber of Agriculture and Food Inc. (PCAFI) said. PCAFI said the imposition of the floor price mechanism would […]
By ANNA FELICIA BAJO and TED CORDERO, GMA Integrated News Around this time last year, President Ferdinand “Bongbong” Marcos Jr. opened his third State of the Nation Address (SONA) not with his administration’s feats, but with the daunting reality check that the fruits of economic progress were not felt by ordinary Filipinos faced with the […]
Albert Fox The global rice market is fracturing under the weight of divergent economic forces. On one side, India’s record production and depreciating rupee are driving rice prices to multi-year lows, flooding global markets with cheap grain. On the other, Bangladesh—despite a robust harvest—struggles with stubborn inflation and acute food insecurity. This divergence presents a […]
Reuters MUMBAI: India’s rice stocks in government warehouses rose 15% from a year ago to a record high for the start of July, while wheat stocks reached a four-year peak driven by increased farmer procurement, official data showed on Tuesday. Record rice stocks will help the world’s biggest exporter increase shipments, while an improvement in […]
They have urged the government to take immediate action to resolve this pressing public crisis. The Bangladesh Food Security Network (Khani), an organisation working on food security and farmer rights, has called for the introduction of rationing for the nation’s poor and vulnerable population amidst a continuous surge in rice prices. The organisation expressed deep […]
Rice prices in Japan soared 99.2 percent in June year-on-year, official data showed Friday, piling further pressure on Prime Minister Shigeru Ishiba ahead of elections this weekend. Public support for Ishiba’s administration has tumbled to its lowest level since he took office last year, partly because of frustration over the cost of living. One of […]
Companies join Thai and Vietnamese peers in feeling pain of low prices. SOUMYAJIT SAHA MUMBAI — Rice traders in India, the world’s biggest supplier of the staple, are paring back their forecasts of record exports as buyers struggle to take on the glut of rice unleashed by the lifting of the country’s export curbs. This […]
Source: The Indian Express The central government has increased the reserve prices of wheat and rice to be offloaded to private traders from its strategic reserves by about 11 per cent and 3 per cent respectively over the last fiscal (2024-25). Reserve price is the minimum price at which the Food Corporation of India (FCI) […]
ASIA-RICE/ (REPEAT):RPT-ASIA RICE-Surplus supply, tepid demand push India rates to over two-year low. Reuters Thai rates widen on increase in production costs Summer-autumn harvest in Mekong Delta peaking, trader says Bangladesh to import rice ahead of upcoming flood season By Ishaan Arora July 17 (Reuters) – Indian rice prices fell to their lowest level in […]
