Extended News

Following the recent rebound of the naira against the dollar, the price of a 50 kilogramme bag of rice has dropped to an average of N67,000 in Lagos, Abuja, Ogun, and others, from about N90,000 in February 2024.

Farmers inspect rice seedlings at a nursery of an agricultural cooperative in Icheon, 58 km southeast of Seoul, on April 18, 2024, ahead of the rice planting season. 

The production and trading of low-carbon rice will help increase value as well as protect Vietnam’s brand on the international stage.

BACOLOD CITY – Drought has dried up some 3,241 hectares of rice and corn fields in 24 local government units (LGUs) across Negros Occidental, latest data from the Office of the Provincial Agriculturist (OPA) showed.

The Mekong Delta province of An Giang and the SNV Netherlands Development Organisation on April 15 held a workshop to introduce the project ‘Transforming Rice Value Chains for Climate Resilient and Sustainable Development in the Mekong Delta’ (TRVC).

Expert opinion from Anastu Regita Nareswara

Oil prices have seen significant strength through March and early April. ICE Brent broke above US$90/bbl, trading at its highest level since October. Growing tension in the Middle East is obviously one reason for the boost. However, that increased geopolitical risk comes at a time when the oil market was already set to tighten.

The U.S. Department of Agriculture has held vastly differing views on Brazil’s corn and soybean production than its Brazilian counterpart Conab, but now the U.S. agency has taken a mild approach in reducing Argentina’s corn crop while other industry estimates are diving.

The Ministry of Agriculture and Rural Development of Vietnam is searching for a loan of US$360 million (equivalent to VND9 trillion) from the World Bank to carry out a US$470 million plan to cultivate one million hectares of high-quality rice.

A LOCAL franchisor is urging Filipinos to go into the business of rice retailing as payback could be seen within eight to 10 months.

Are you wondering about the current price of a bag of rice in Nigeria? Look no further. This article provides you with the most recent information on rice prices across the country as of April 2nd, 2024

An Iranian trade official has admitted that trade with India, one of its key partners, has dropped by up to a third due to global sanctions.

Indonesia’s state-owned PT Pupuk Indonesia will invest more than $6 billion to boost fertilizer supply as part of a bid to temper food costs.

For over two centuries, Haiti has encountered innumerable political and economic crises, installed from without and taking shape within. Yet the people of the small Caribbean nation — formed in the throes of the only successful slave revolt in modern history, forming the first Black Republic 

More than 1,000 merchant ships have transited Ukraine’s seven-and-a-half-month-old grain corridor in the Black Sea, making the new export channel more productive than the earlier United Nations-backed Black Sea Grain Initiative. 

For the seventh consecutive month in February, world food commodity price benchmarks have declined as lower international prices for all major cereals more than offset rising sugar and meat prices, according to the latest report by the Food and Agriculture Organization of the United Nations (FAO).

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