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Rice prices in India edge higher on rupee strength despite weak demand

Reuters There is ample supply in Southeast Asia REUTERS — Indian rice prices rose for a second straight week on rupee strength despite sluggish demand. Meanwhile, ample global supplies pushed Vietnamese rates lower. India’s 5 percent broken parboiled variety was quoted at $382-$387 per ton, up from last week’s $380-$386. Indian 5 percent broken white […]

NFA seeks return of regulatory powers to help stabilize rice prices

By SHERYLIN UNTALAN, GMA Integrated News The National Food Authority (NFA) is urging lawmakers to support a proposed bill that will restore its regulatory and market intervention functions—powers that agency officials say are critical to stabilizing rice prices, protecting farmers, and securing the nation’s food supply. Speaking at the Bagong Pilipinas public briefing, NFA Administrator […]

Sugar, rice prices soar in wholesale markets

Traders to issue revised prices for all grocery items within next 10 days. RAWALPINDI: With the upcoming fiscal year’s budget implementation looming, wholesale markets have begun raising prices. The price of a 50kg sugar sack rose by Rs300 on Wednesday, and an additional Rs200 increase is expected this week, pushing the retail price of sugar […]

DA delays reduction of MSRP of imported rice

By JON VIKTOR D. CABUENAS, GMA Integrated News The Department of Agriculture on Monday said it will delay plans to reduce the maximum suggested retail price of imported rice, given the volatility in global markets as tensions increase in the Middle East. According to Agriculture Secretary Francisco Tiu Laurel Jr., the planned reduction of the […]

India may improve trade deficit with Japan by selling quality rice

As Japan considers scaling up imports in the wake of a major rice crisis, there a potential for India. Prajata Khare/ Prachi Gupta India is the world’s largest exporter of rice, with its output mainly going to countries in West Asia and Africa. Thousands of rice varieties are harvested in the country, including the glutinous […]

Vietnam Recognizes its First-Ever Rice Variety Derived from Crop Wild Relatives

By Michael Major (Crop Diversity Digest Contributor) Plant Breeders Innovate Against Climate Change Vietnam’s agriculture is at a crossroads. Extreme weather events, higher temperatures and unpredictable rainfall are putting pressure on the country’s food supply and disrupting farmers’ traditional practices. But plant breeders and farmers are rising to these challenges by tapping into the unique […]

“Japan to Supply Lower-Priced Reserve Rice to Rural Areas Amid Price Surge”

TOKYO, May 28 (Bernama-Kyodo) – The Japanese government has pledged to supply reserve rice to rural areas at lower prices, in response to soaring retail costs and high demand from major retailers, Kyodo news agency reported. The Ministry of Agriculture, Forestry, and Fisheries said on Wednesday that it will ensure the stockpiled rice is distributed […]

ASIA RICE-High supply, weak rupee push India rates to near 2-year low

ASIA-RICE/ (REPEAT, PIX):RPT-ASIA RICE-High supply, weak rupee push India rates to near 2-year low. Reuters By Sherin Elizabeth Varghese May 22 (Reuters) – India’s rice export prices slid to a near two-year low this week, pressured by a weak rupee and rising supplies amid subdued demand, while export markets in other key Asian hubs remained […]

Asia rice: Rates subdued across top exporting hubs on weak demand, ample supply.

Reuters BENGALURU/MUMBAI/BANGKOK/HANOI AND DHAKA: Rice export prices in major Asian hubs were subdued this week, weighed down by weak demand and higher supplies, with Indian rates pinned near their lowest level in nearly two years. India’s 5% broken parboiled variety was quoted at $384-$391 per metric ton, unchanged from last week, while the 5% broken […]