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Is P20/kilo rice sustainable? NEDA says increasing productivity is the key

Jean Mangaluz. MANILA, Philippines — National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said a nationwide implementation of P20-per-kilo rice would be sustainable if the country improves its agricultural productivity. The Department of Agriculture is set to launch a pilot program offering P20-per-kilo rice in several regions in the Visayas, with plans for a […]

Indonesian government turns down Malaysia’s request to buy local rice

Indonesia JAKARTA: The government has turned down a request for rice from Malaysia, with Agriculture Minister Andi Amran Sulaiman explaining that Indonesia cannot export the grain at this time as it seeks to maintain domestic reserves. Amran said Kuala Lumpur had requested to import rice from Indonesia due to insufficient supply that had pushed up […]

Asia rice: Currency moves buoy Indian, Thai prices but demand still lags

Reuters. Prices of rice shipped from India and Thailand edged higher this week, aided by currency fluctuations, although gains were capped by subdued demand, while Vietnamese rates were little changed. Indian rice prices recovered from a 22-month-low, with the 5% broken parboiled variety being quoted at $389-$396 per metric ton, up from the last week’s […]

Japan starts third rice reserve auction to stabilise prices

The average price of rice in supermarkets across Japan reached ¥4,217 (about $30) per five kilogrammes in the week up to April 13, official data showed. News Agency of Nigeria. On Wednesday, Japan’s ministry of agriculture, forestry, and fisheries began the third auction of government-held rice to stabilise surging prices. The average price of rice […]

Rice buffer stock hits 5-year high of 7.17M bags

By Giselle P. Jordan. THE National Food Authority’s (NFA) rice buffer stocks have reached a five-year high of 7.17 million 50-kilogram bags, the agency said on Tuesday, enough for nine days of national consumption. The agency attributed this to higher palay buying prices, which averaged P27 per kilogram (kg) last year and is currently at […]

More US rice could reach Japan tariff free, as Tokyo aims to placate Washington

Japan. TOKYO: The government may propose increasing duty-free imports of US rice in negotiations over US. tariffs, according to government sources. The United States has said that it would be difficult for it to revise tariffs on imports of automobiles, which is Japan’s top priority. Tokyo hopes to break the deadlock by making a bold […]