Top News

Thailand expected to export 8.2 million tonnes of rice in 2024, valued at 191 billion baht

Thailand is stepping up efforts to increase its rice exports to the Philippines as the Southeast Asian nation emerges as a major importer of the staple grain.

Rice, a cereal grain that is cultivated extensively in warm climates, has always been a crucial food commodity for Indonesians, as the majority of Indonesians (whether rich or poor) eat rice two (or three) times per day. Rice is, in fact, the cornerstone of Indonesia’s food culture, especially in the rural areas.

BANGKOK -- Leading rice exporters Thailand and Vietnam are competing to gain a larger market share in the Philippines, where poor harvests have forced Manila to ramp up imports and slash tariffs to tame local prices.

Price Monitoring System expanded, free grain distribution continues; ethanol production up

Top news: Bulog’s Tender Results

Thai rice exports are likely to be less than 8 million tonnes next year due to myriad risk factors hampering their competitiveness, which include a lack of research and development (R&D) for rice varieties, rising global supply, and the possibility of India lifting its rice export restrictions at year-end.

MANILA, Philippines — Rice import arrivals have slowed down as traders and importers are still unloading their previous imported stocks while others remain cautious in bringing in new shipments pending the Supreme Court resolution of a petition against Executive Order (EO) 62, which lowered rice tariffs.

BENGALURU, July 31 (Reuters) - India's KRBL (KRBL.NS), opens new tab reported its fourth straight quarterly profit fall on Wednesday, hurt by slower demand for its basmati rice.

THE Self-Sufficiency Level (SSL) for rice production in Malaysia is expected to decrease to 50% this year due to extreme heat and drought affecting about 130,000 acres (52,609.13ha) of paddy fields. 

MANILA, Philippines — Starting today, the Department of Agriculture will sell well-milled rice for P45 per kilo at four Kadiwa outlets in Metro Manila as part of the Rice-for-All program of the government, a DA official said.

Japan's rice inventory in the private sector dropped to 1.56 million tons in June, the lowest since comparable data began in 1999 and a decrease of about 20 percent from a year ago, the farm ministry said Tuesday, with surging inbound tourism driving up demand and last year's summer heat affecting the crop.

Rice prospects were good before Hurricane Beryl, but there are lingering questions about yield and quality losses after the storm, according to Texas A&M AgriLife Extension Service experts.

The Federal Government through the Nigeria Customs Service, NCS, has suspended import duties on rice, flour, wheat and other essential food items to reduce the high costs of food items in the country in the wake of the excruciating hunger in Nigeria.

Thailand expects to export 8.2 million tonnes of rice this year, up from a previous forecast of 7.5 million, helped by demand from major markets, expected higher production and a weak baht, the Ministry of Commerce said on Tuesday.

RICE import arrivals as of July 20 reached nearly 2.4 million metric tons (MMT), according to the Bureau of Plant Industry (BPI).

Japan is suffering from a rice shortage as quality issues stemming from a heat wave last year has led to a decline in distribution.