The government on Monday began auctioning off 150,000 metric tons of its emergency rice stockpile to distributors nationwide in an unprecedented move to lower the price of rice
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.
Commerce Minister Pichai Naripthaphan clarified his remarks on encouraging farmers to grow bananas, saying the government has no policy to replace rice cultivation with other crops.
The broad agriculture sector coalition Sinag has urged the government to reinstate the tariffs on imported rice as lower duties failed to cut the price of the food staple.
India’s rice export prices plunged to hit their lowest levels since June 2023. This decline was attributed to muted demand and abundant supplies while rice from Vietnam remained in high demand.
President of the Thai Rice Exporters AssociatioCharoen Laothammatas predicted that the figure will reach 7.5 million tonnes this year, a 24.2% drop from last year’s 9.94 million tonmes.
KUALA LUMPUR: The government need not wait for new laws to take action against firms selling imported rice mixed with local grains, says a consumer group.
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