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Asia rice: Indian rates fall to two-year low on robust rains, weaker rupee

Reuters Indian rice export prices fell to their lowest level in two years this week due to depreciation of the rupee and expectations that a second year of robust monsoon rains would lead to another bumper crop, while Thailand saw muted demand. India’s 5% broken parboiled variety was quoted at $380-$386 per ton, down from […]

India Reclaims The Crown In Rice Exports As Philippines Dumps Vietnam For Diversified Deals. How India’s Export Surge Is Reshaping Global Markets And Breaking Vietnam’s Monopoly

naveenika The Philippines, the world’s top rice importer, is now looking to broaden its supplier base beyond Vietnam to secure more stable supply and competitive prices. Speaking on Friday, Philippines Agriculture Secretary Francisco Tiu Laurel shared that the department is in discussions with private importers about sourcing rice from countries like India, Pakistan, Cambodia, and […]

Philippines Eyes India, Thailand Rice to Cut Vietnam Reliance

By Neil Jerome Morales and Cliff Harvey Venzon The Philippines, the world’s top rice importer, plans to look beyond its dominant supplier, Vietnam, to ensure steady supplies and competitive prices at home. The agriculture department is in talks with private importers on purchases from producers like India, Pakistan, Cambodia and Myanmar, Agriculture Secretary Francisco Tiu […]

Rice Prices in Pakistan climb higher ahead of Eid; Check New Rates

Source: Pakistan Observer Prices of several basic commodities including rice and chicken increased, adding to financial burden on households preparing for the festive season. Super Basmati rice prices jumped from Rs25 to 30 per kilogram, now reaching Rs340 per kilogram, Sella rice rate has been increased by Rs20, hitting Rs340 per kg in late May. […]

“2,000-Yen” govt-stockpiled rice reaches consumers in Japan

Jiji Press. Japanese government-stockpiled rice released under no-bid contracts started to hit store shelves at reasonable prices in some areas in the country on Saturday, with the focus now on whether this would lead to price falls for other types of rice. Some retailers, including supermarket chain Ito-Yokado Co., began selling government-stockpiled at some of […]

Korean rice heads to Japan in record 200-ton deal

Korean food export company The O Global has signed a landmark agreement with Beisia, one of Japan’s top retail distributors, to export 200 tons of Korean rice to help ease Japan’s ongoing rice shortage. The contract represents the largest volume of rice ever exported by a private Korean company for general consumer sales in Japan. […]