By Carah Hart Peter Bachmann tells Brownfield “in prior years, they would buy one or two cargoes of rice and now they’re buying two or three cargoes of rice minimum, if not four per tender, which I think is significant for us.” Over the summer, Japan said it would expand U.S. rice exports by 75 […]
By Mangala Pavithrani Colombo, October 6 (Daily Mirror) – Chairman of the National Farmers’ Union, Anuradha Tennakoon alleged that rice producers deliberately create artificial shortages every year during the festive season, and criticised the government for failing to address the issue. Speaking to the Daily Mirror, Tennakoon said, “The government is very silent in front […]
Broken grain norms, low reimbursements spark protest in Karnal. Parveen Arora – Tribune News Service The state government began early procurement of paddy on Monday, but rice millers have refused to register under the Custom-Milled Rice (CMR) policy, raising doubts over smooth procurement. Under CMR, procurement agencies purchase paddy and allot it to millers, who […]
Jung Min-hee Surge Past 60,000 won for 20kg Bag According to the “August Consumer Price Trends” released by Statistics Korea on Sept. 2, last month’s Consumer Price Index stood at 116.45, with 100 in 2020 as the base year, up 1.7 percent from a year earlier. While overall prices showed signs of stability, agricultural and […]
Leticia PINEDA AFP Outside Havana, a combine belonging to a private Vietnamese company is harvesting rice, directly farming Cuban land — in a first — to help address acute food shortages in the country. The Cuban government has granted Agri VAM, a subsidiary of Vietnam’s Fujinuco Group, 1,000 hectares (2,470 acres) of arable land in […]
Government unveils new strategy to aid rice supply amidst looming crisis. By Yun Hee-hun With the rice shortage phenomenon emerging in the market ahead of this year’s harvest season, the government is implementing rice lending for the first time. Until now, the government had adjusted supply by releasing rice when there was a shortage and […]
The backlog of around 20-30 LMT rice that is not being moved out of Punjab’s gowdowns every year is worsening the storage issue. Written by Kanchan Vasdev With the paddy season in full swing in Punjab and Chief Minister Bhagwant Mann asking the Centre to advance the official paddy procurement season by a fortnight this […]
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 […]
What is causing this stark divide in rice supply, and is there a way to restore balance? HAENAM, South Korea / TOKYO: Japan is grappling with rice shortages and price hikes, forcing it to ramp up imports. Just across the sea, South Korea is facing the opposite problem — an overwhelming surplus that has driven […]
Jing Pan. Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. In today’s developed economies, lining up to buy a staple grain may seem like a thing of the past. But in Japan, it’s become a stark reality as a rice shortage sends prices soaring. A 5 kilogram […]
