Vietnam may rank third among the world's biggest rice buyers in 2024, despite its rice exports reaching a record high in the year, according to a forecast by the U.S. Department of Agriculture (USDA).
MANILA, Philippines — The country’s rice stocks in September rose by almost seven percent on an annual basis to nearly 1.7 million metric tons (MT) on the back of higher inventories held by commercial entities and the National Food Authority (NFA).
Rice prices in India have surged by 10-15% due to a rise in global demand after the government lifted export curbs on non-basmati rice. The move follows a reduction in export duties and comes with the country's sufficient rice stock. Domestic prices are expected to stay firm until the new crop arrives.
AS the harvesting season comes to a close, the rice industry in Guyana is set to achieve a remarkable milestone, with production of rice expected to exceed the 700,000-tonne mark for the first time in the country’s history.
India’s rice basket: India's October rice stocks piled up to 31.1 million metric tons, the highest for the month in the past two decades, thanks to a clutch of export curbs imposed last year by the world's biggest grain exporter.
The Philippines is expected to import more rice this year and next, remaining as the world’s top importer of this staple food as the El Niño, La Niña and recent typhoons have curbed local production.
Efforts of the Special Investment Facilitation Council (SIFC) are yielding results as Pakistan has historically achieved $4 billion from the exports of rice.
The August floods in the country's southeastern region and the ongoing floods in Mymensingh have caused an estimated loss of about 10.87 lakh tonnes of rice production, primarily Aman, according to agriculture ministry damage reports.
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