by Trade Brains In a significant shift in the global rice market, prices have experienced their sharpest decline in 16 years following India’s decision to relax export curbs. This move has sent ripples through the international rice trade, affecting both exporters and importers alike. India Loosens Export Controls The Indian government on September 28 announced […]
By Gurpreet Singh Nibber Exporters’ association says traders have last year’s stock that they couldn’t export due to minimum export price of $950 imposed by the Centre The arrivals of premium aromatic grain basmati in the mandis of Punjab is higher than the previous season by at least 10% but the price it has been […]
As a result, rice prices have risen significantly in the local market, causing difficulties for consumers. The government is considering reducing the import duty on rice in an effort to stabilise rice prices in the country. Sources at the finance, commerce, and food ministries indicate that this decision is being contemplated due to recent floods […]
BW Online Bureau India is the leading exporter and grower of basmati rice, followed by neighboring Pakistan. Rice prices have shown signs of uptrend after India removed export restrictions and opened new business avenues for exporters. The removal of trade barriers has helped Indian rice exporters regain competitiveness in the overseas markets. According to traders, […]
ISLAMABAD: Pakistan removed a floor price for rice exports on Friday, the country’s commerce ministry said, following a similar move by neighbouring India. The Ministry of Commerce said in a written notification that the minimum export price for rice which was last set in November would be removed “effective immediately”. Earlier this month, India removed […]
By Akemi TerukinaBloomberg Bags of rice are expected to start filling the shelves of Japan’s supermarkets again soon as farmers harvest their new crop, though the increase in supply will do little to tame higher prices. The nation’s commercial rice stockpiles — already depleted after hot weather baked the 2023 crop — shrunk to their […]
By Daniel Adaji The sale of subsidised rice to the general public begins today (Monday), an official of the Federal Ministry of Agriculture and Food Security stated on Sunday, as a notice from the ministry also confirmed the commencement of the exercise. The ministry said the move is part of efforts to mitigate the soaring […]
Ministry spokesman Khim Finan emphasised the financial advantages of homegrown rice strains such as the fragrant Sen Kra-Ob over imported varieties like OM rice from Vietnam. Hong Raksmey PHNOM PENH – In a bid to promote sustainable agriculture and stabilise local rice prices, a senior official from the Ministry of Agriculture, Forestry and Fisheries has […]
By Mary Judaline Partlow HARVEST SEASON. A farmer attends to some of her family’s yield in this undated photo. Rice prices in the province have slightly dropped due to the continuous importation of rice and local production, an agriculture official said Wednesday (July 31, 2024). (PNA file photo courtesy of NFA-Negros Oriental) DUMAGUETE CITY – […]
Pakistan reported record rice exports of $3.88 billion in FY24, a 78% increase over the previous year. However, the industry is not celebrating because it has been hit with multiple challenges all at once adding to the existing volatility in the market. For starters, India is expected to ease restrictions on its rice shipments which […]
