Extended News

VOV.VN - The export prices of Vietnamese rice continued to see a fall recently amid stable supply sources in the world market, according to the Mercantile Exchange of Vietnam (MXV).

Rice prices have risen since India restricted exports, leading some importing countries to cap domestic prices of rice. It’s an explosive cocktail, says Javier Blas for Bloomberg Opinion.

RISING global rice prices may force the Monetary Board (MB) to hike the policy interest rate by 25 basis points later in the year, according to the HSBC Global Research.

PETALING JAYA: A total of 2,253 checks relating to the rice supply have been carried out nationwide since early July, says Datuk Armizan Mohd Ali (pic).

In the coming months, globally as well as in India, rice might remain a hot potato.

The food ministry has said the target for next season’s procurement, beginning on October 1, has been raised marginally to 52.1 mt from the current season’s actual purchase of 49.6 mt

On Tuesday, food secretary Sanjeev Chopra explicitly denied any plans to restrict exports of parboiled rice, the only permitted variety of non-basmati rice for export

The price of a 50 kg bag of rice – a key staple in the Nigerian diet is seen hitting N60,000 in September as small and medium-sized mills are shutting down operations or reducing production capacity over paddy shortages and high cost of production, BusinessDay’s findings show.

America’s rice producers and exporters will benefit from India’s recent decision to ban exports of white rice as global demand for U.S. rice will likely rise. The higher world demand will temporarily lift prices for U.S. rice growers, and the industry is well-positioned to meet higher demand for exports.

Vietnamese rice farmers are still grappling with poverty even though the country is one of the world’s largest rice exporters, Agriculture and Rural Development Minister Le Minh Hoan said.

MANILA, Philippines – Expect the price of rice to spike possibly until next month if supply will not be augmented, former agriculture chief Leonardo Montemayor said in an interview on Thursday, August 17.

The Ministry of Industry and Trade (MoIT) is building a long-term strategy on rice export and market stabilisation, following bans by several countries, according to Deputy Director of the MoIT's Import-Export Department Tran Quoc Toan.

The Ministry of Industry and Trade (MoIT) on August 15 issued a directive on developing rice export markets and stabilising the domestic market amidst unpredictable changes in the global rice market to implement the Prime Minister's instruction on promoting rice production and sustainable export, ensuring national food security.

Poornima Varma is an assistant professor with the Indian Institute of Management Ahmedabad's Centre for Management in Agriculture.

Rice watchdog Bantay Bigas urged the government on Tuesday to halt land use conversion, which the group singled out as one of the factors that hinders agricultural production. 

The global food situation suffered two huge setbacks in July when, within a span of three days, Russia pulled out of the Ukraine grain deal and India imposed an export ban on white rice.

On the news that market manipulator and largest exporter of rice in the world, India, has slapped an export ban on all non-basmati rice, people in the U.S. began panic buying of rice. They can rest assured – there’s enough U.S. rice to go around.