Mumbai: There was uproar in the legislative council on Wednesday afternoon over alleged irregularities and black marketing in the rice trade in Maharashtra.
The Department of Agriculture (DA) is seeking up to $500 million from Japan International Cooperation Agency (JICA) to facilitate its project to reduce post-harvest losses and bolster rice production.
PETALING JAYA: Some rice millers have allegedly been hoarding local white rice to enforce new payment terms, according to Mydin’s managing director, Ameer Ali Mydin.
Thailand is in talks with some countries, including India, to reduce competition, hoping to create a balance in rice prices in the global market and help farmers have stable income.
The government on Monday began soliciting bids for 150,000 tons of stockpiled rice reserved for emergency use, which is being released to rein in soaring prices.
Vietnamese and Thai 5% broken rice have seen declines of 38-45%, with Vietnam’s prices falling from 680-700 USD per tonne to 390-400 USD per tonne, an unprecedented decrease.
The Department of Agriculture declared a food security emergency last month after the National Price Coordinating Council issued a resolution urging such a critical move.
Thai government moves to stabilise rice prices by offering farmers new cash incentives for off-season crops, storage and higher purchase rates at government centres
© Copyright 2023 The SSResource Media.
All rights reserved.