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The increase in the prices of rice, maize, grains, beers, beverages, yam and oil pushed Nigeria’s inflation to 37.77 percent in September 2024.

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.

GLOBAL rice imports are projected to increase following India's trade policy changes, the United States Department of Agriculture (USDA) said.

Efforts of the Special Investment Facilitation Council (SIFC) are yielding results as Pakistan has historically achieved $4 billion from the exports of rice.

PONTIAN: There is ample rice supply in Malaysia despite local production being affected by changing weather patterns, says Datuk Seri Mohamad Sabu.

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.

Philippine sovereign bonds are seen extending gains as falling rice prices cool inflation and back the case for more interest-rate cuts.

Exporters say they incur $70/tonne additional costs; Customs officials playing safe to verify if shipments are white or parboiled rice

Total financial implication to supply free fortified rice will be ₹17,082 crore

For the first time, Bangladesh has bagged more than 4 crore tonnes of rice in a fiscal year (FY) thanks to increasing yields of the most grown crop, according to official data.

The Department of Agriculture (DA) is lowering the selling price of rice it is offering under its farmer-to-consumer market initiative or Kadiwa stores, reflecting the decreasing prices of the grain staple in the retail market.

The government is considering reducing the import duty on rice in an effort to stabilise rice prices in the country.

Pakistan has been recognized as the lowest-risk country regarding food safety standards for rice exports in the fiscal year 2023-24. Pakistani rice now accounts for 25% of the European rice market, significantly surpassing India’s 16%.