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Staff members do farm work in coal-mining subsidence area in Guqiao Town, Fengtai County of Huainan City, east China's Anhui Province, July 30, 2024.

MANILA, Philippines — The retail price of local rice remains cheaper compared to the imported grains nearly two months after Executive Order 62 took effect, according to latest monitoring of the Department of Agriculture (DA).

The government through the Ministry of Food and Agriculture has placed a ban on the exportation of maize, rice and soya beans to sustain the Ghanaian market.

Sowing of rice and pulses crops has increased in India as monsoon rains have been higher than average so far in the season. 

The government is considering a proposal to reduce the minimum exports duty (MEP) of $950/tonne imposed last year in shipment of basmati rice, as global prices of some varieties of the aromatic rice have already fallen below the floor. The prices have declined amid expectations of good harvest in this kharif season and high carry-over stocks.

Insiders said that rice exports could bring in a record turnover of 5 billion USD this year if the pace of shipment is maintained like at present.

MANILA: Singapore is looking to work with the Philippines to develop rice varieties that are more resistant to droughts and floods, and are also healthier to tackle a diabetes epidemic sweeping across Asia.

While acknowledging the work done by the Indian Agricultural Research Institute (IARI) in the development of HT Basmati rice, the network wants those benefits to be extended to a broader spectrum of rice cultivators

Rice taken under CMR in one season must be handed over before the next season’s harvest. Even after 2021-22 rainy season, millers are have not handed over rice to govt; the reason many cite is an alleged corrupt practice where rice has been sold in collusion with Civil Supply officials

A shopper walks past processed rice products displayed at a discount mart in Seocho District, southern Seoul, on Sunday. [YONHAP]

India’s agri-economy is further boosted by the export of Basmati rice in key European and Middle Eastern markets.

KAKINADA: Civil supplies minister Nadendla Manohar said the state government has seized 26,000 metric tonnes of rice belonging to the public distribution system (PDS) at the Kakinada Port from consignments meant for exports. He spoke to media along with district collector S. Shanmohan and Kakinada MLA Vanamadi Venkateswara Rao after reviewing issues related to export of rice from Kakinada Port with representatives of shipping trade Tuesday.

The Nigeria Customs Service (NCS) has officially begun the implementation of zero per cent import duty and exemption of value-added tax (VAT) on selected basic food items, following a directive from President Bola Ahmed Tinubu. 

THE BUREAU of Customs (BoC) expects the implementation of rice tariff cuts to hurt its revenue collection this year, its chief said.

Cambodia exported a total of 379,546 tonnes of milled rice in the first seven months of 2024, earning a revenue of $280 million, the Cambodia Rice Federation said in a news release on Monday.

THE Philippines could import less rice this year as its purchases of the commodity have slowed, the United States Department of Agriculture (USDA) said.

TOKYO (Reuters) - A Myanmar court on Monday sentenced a Japanese executive from the local unit of supermarket chain operator Aeon Co to one year in prison for violating rice price controls, Kyodo news agency reported, citing unnamed diplomatic sources.