The local farm industry will lose billions of pesos if the government pushes through with the planned reduction of tariff rate on rice imports, the Federation of Free Farmers Cooperatives (FFF) said Friday.
House Assistant Minority Leader Arlene Brosas on Friday called on the Marcos administration to repeal the Rice Tariffication Law amid a projection that the Philippines is set to overtake China as top rice importer.
India's absence from the world market would be likely to increase benchmark prices in New York and London that are already trading around multi-year highs, triggering fears of further inflation on global food markets
ECONOMYNEXT – Sri Lanka may get sufficient water for the upcoming main 2023/2024 main ‘Maha’ cropping season helped with extra rain that usually comes in El Niño years, based on past trends, a top weather official said.
SHENZHEN, Aug. 9 (Gwadar Pro) - “As per estimated, Pakistan will produce some 9 million metric tons of rice during the year and this will help to export more commodity,” noted Rafique Suleman, Convenor FPCCI Standing Committee on rice. “We could expect the volume to reverse decline last year.”
MUMBAI, Aug 4 (Reuters) - The United Nations food agency's rice price index rose 2.8% in July from a month ago to their highest level in nearly 12 years as prices in key exporting countries jumped on strong demand and India's move to curb the exports, the agency said on Friday.
KARACHI: Pakistan's rice exports are expected to increase in the current fiscal year as the country can take advantage of an Indian ban on rice exports and tap into new markets in Russia and Mexico, a trade body said on Tuesday.
About two weeks ago, the Federal Government took a bold step towards ensuring that hunger in Nigeria is fixed. In this regard, the government recently declared a state of emergency on food security. The move was to check the looming food shortage, occasioned by low agricultural production fueled by instability.
KATHMANDU, July 31: The government, citing the possible disruption in rice supply after India imposed a ban on restriction of non-Basmati products, has decided to take measures necessary to tackle the situation.