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Philippines faces growing rice supply deficit amid rising consumption and production challenges

The Philippines, a nation where rice is a dietary staple, is confronting a significant challenge: domestic rice consumption is projected to continue outpacing production, leading to a widening supply deficit. According to BMI, a unit of Fitch Solutions, this deficit could reach 6.1 million metric tons (MT) by 2029. Consumption and production trendsBMI forecasts that […]

Japan Govt Starts Receiving Bids for Stockpiled Rice

Jiji Press. Tokyo, March 10 (Jiji Press)—The Japanese agriculture ministry started receiving bids for stockpiled rice on Monday in an effort to curb soaring prices by addressing supply shortfalls. In the initial round of the auction, the ministry will sell 150,000 tons of 210,000 tons of reserved rice it plans to release. It is the […]

Lower milling rate to hike rice imports.

Jasper Emmanuel Arcalas – The Philippine Star MANILA, Philippines — The Philippines’ rice import requirement may increase after the Philippine Statistics Authority (PSA) revised a key parameter used by the government in estimating the country’s domestic production and supply of the staple. After three decades, the PSA revised downward its benchmark conversion ratio of palay […]

Asia Rice: India rates hit lowest since June 2023, Vietnam sees demand pick up

Synopsis Indian rice export prices reach their lowest since June 2023 due to weak demand and abundant supplies, with 5% broken parboiled rice quoted at $409-$415 per tonne. Rice export prices from India extended declines this week to their lowest level since June 2023 due to weak demand and abundant supplies, while Vietnam rice saw […]

Rice production forecast to hit record high of 543 million tonnes in 2024/25: FAO.

ROME,7th March, 2025 (WAM) – Rice production is forecast to hit a record high of 543 million tonnes (in milled equivalent) in 2024/25, driven by positive crop prospects in India and favourable growing conditions in Cambodia and Myanmar, according to the latest Cereal Supply and Demand Brief, released today by the Food and Agriculture Organisation […]

Asia rice: India rates hit lowest since June 2023, Vietnam sees demand pick up

Reuters Rice export prices from India extended declines this week to their lowest level since June 2023 due to weak demand and abundant supplies, while Vietnam rice saw increased demand. India’s 5% broken parboiled variety was quoted at $409-$415 per tonne, down from last week’s $413-$420. Indian 5% broken white rice was priced at $390-$400 […]

PM calls for efforts to balance rice supply-demand

Due to the effects of global supply and demand developments, Vietnam’s rice exports in the first two months showed a declining trend as export prices continuously fell. Prime Minister Pham Minh Chinh has signed a dispatch featuring the management to ensure a rice supply-demand balance in light of developments in the global and domestic markets. […]

Subsidised local white rice now available in Terengganu at RM26 for 10kg

BERNAMA KUALA TERENGGANU: Subsidised local white rice (BPT) in 10kg bags, priced at RM26 each, is now available in Terengganu, with the first deliveries reaching two retail outlets today. State Padi and Rice Regulatory Department director Ahmad Suffian Zulkipeli said that Q Mart Merbau Patah and Q Mart Bukit Bayas received 50 and 30 bags […]

MSP paddy purchases up 4.3% on year.

The agriculture ministry has projected the kharif rice production to reach a record 119.93 MT in 2024-25 crop year (July-June), against 113.26 MT in 2023-24 crop year. Written by Sandip Das Close to five months into procurement drive in 2024-25 season (October-September), the government’s paddy purchase in key producing states have crossed 67.91 million tonne […]

Working with rice farmers to champion climate-smart agriculture in our food supply chain.

Running through to 13 April, Mars is a proud sponsor of the ‘In Focus’ Zones at the Somerset House exhibition: “SOIL: The World at Our Feet”. The exhibition explores the connection between soil, human life and our planet’s future. As part of the ‘In Focus’ Zones, Mars is putting a spotlight on its critical work […]