Top News

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.

Pakistan reported record rice exports of $3.88 billion in FY24, a 78% increase over the previous year. However, the industry is not celebrating because it has been hit with multiple challenges all at once adding to the existing volatility in the market.

Rice exports could bring in a record turnover of 5 billion USD this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter.

Continuous heavy rains in Cagayan, Pangasinan, and Batangas have led to severe flooding, submerging newly planted rice, and leaving farmers to deal with significant losses. 

At least 13 communes in five districts of Kampong Thom have been affected by flooding, which has inundated over 470 hectares of rice fields in the province.

The government could reduce the price of rice sold at Kadiwa stores if global market trends become favorable, according to the Department of Agriculture (DA).

Baghdad (IraqiNews.com) – The Iraqi government started rice farming again after a suspension that lasted for two years.

President Ferdinand Marcos Jr. on Monday opened his third State of the Nation Address (SONA) confronting one of the most pressing issues of his administration—the retail prices of food staple rice.

Given the surplus rice stocks and robust kharif sowing, the government is considering relaxing the restrictions on the grain’s trade. It may allow increased shipments of rice varieties under government-to-government (G2G) contracts from its stocks and may even lift some of general export restrictions imposed last year. Besides, additional quantities of rice may be allocated to states.

JAKARTA, July 22 (Reuters) - Indonesia could import up to 4.3 million tons of rice this year if the domestic harvest is insufficient, Sarwo Edhy, the secretary of the National Food Agency, said on Monday.

Exporters have identified this trend and are working towards growing their export capacities and establishing robust supply chains to new geographies

ISLAMABAD (Web Desk) - Pakistani rice traders on Friday warned the government of a possible reduction in their exports to $2 billion, against the ambitious $5 billion target, blaming the new tax regime expected to make them pay a larger share of their earnings than in the past.

The Government State-Owned Company of Indonesia, Perusahaan Umum (Perum) BULOG,intends to purchase 320,000 MT of white rice with 5% broken

India plans to lower the floor price for basmati rice exports and replace the current 20% export tax on parboiled rice with a fixed duty to counter record-high rice inventories. These changes aim to boost exports and retain market share against Pakistan, while assessing the potential revival of non-basmati white rice shipments.

TUREN, Venezuela/CARACAS, July 17 (Reuters) - More than 300 hectares (740 acres) of verdant corn and rice planted by Roberto Latini in the western Venezuelan state of Portuguesa undulate under a bright sun and blue sky.

ILOILO CITY — The Department of Trade and Industry Western Visayas (DTI-6) said it has started collecting the baseline prices of rice in the region in compliance with the lowered rice tariff requirement of Executive Order (EO) 62.