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BEIJING -- Chinese researchers have established a platform for the discovery, utilization, and innovation of superior genes from wild rice germplasm, according to the Chinese Academy of Agricultural Sciences.

Bidders interested in participating in the government’s 10-year rice auction exceeded expectations, totalling eight companies.

THE recently approved tariff cut on rice imports will reduce government revenue by up to P22 billion, but will pave the way for inflation to fall sufficiently to justify bringing down policy rates, the Department of Finance (DoF) said.

Effective June 1, 2024, traders importing rice and produce from Tanzania will be required to label it according to the new guidelines provided by the Uganda Revenue Authority.

In what could boost grain supplies in the market, the new central government will focus on liquidating the huge surplus of rice stocks held with the Food Corporation of India (FCI) ahead of the new paddy procurement season (2024-25) scheduled to commence on October 1.

The rice trade between Vietnam and the Philippines is forecast to remain steady in the near future, according to the Vietnam Trade Office in the Philippines.

MANILA, Philippines — Consumers can start benefiting from lower rice prices as early as next month following the government’s decision on Tuesday to slash the tariff on imports, the Department of Agriculture (DA) said on Wednesday.

The government has said it will assess all rice imports to ensure only grain that meets acceptable standards is allowed into the country.

MANILA, Philippines — The tariff reduction on rice imports to 15 percent will not immediately translate to lower rice prices in the market, according to National Economic and Development Authority (Neda) Secretary Arsenio Balisacan.

ASIA-PACIFIC countries must build up their reserves of rice while ensuring there is no market abuse to take advantage of shortages, the Asian Development Bank (ADB) said.

MANILA, Philippines — “Haan nak agtalonen (I will stop tilling my land already).”

The export price of basmati rice has fallen way below the government-fixed minimum export price of $950 per tonne to $800-$850 per tonne, and despite the low prices, there are few global buyers.

MANILA, Philippines — The Department of Finance (DoF) said the government stands to lose “less than P10 billion” in revenues by further reducing tariff rates on rice temporarily—an amount that the agency said it was willing to forego just to tame inflation.

Loc Troi Group Joint Stock Company announced on Thursday that it had won bids to supply a total of 100,000 metric tons of rice to Indonesian state procurement agency Perum Bulog, but the bid price stands at US$563 per metric ton, down $16 against the starting rate, causing concerns over local rice market instability and losses facing farmers.

The world is facing a shortage of seven million metric tons of rice as this year's global rice output is significantly lower than the expected consumption, smoothing the path for rice exporters, including Vietnam, according to the Vietnamese Ministry of Industry and Trade.

The Foreign Ministry will meet with diplomats from African countries to address concerns following reports that Thailand plans to sell 15,000 tonnes of questionable-quality rice left from the Yingluck Shinawatra administration's rice-pledging scheme to their countries.

MANILA – The National Food Authority (NFA) reported Monday it has tripled the volume of rice buffer stock through the new pricing scheme.