This is the fifth weekly e-auction of rice held in the current year, which is aimed at curbing spike in grain prices. So far, only 720 tonnes of rice have been sold to bulk buyers.
KARACHI: Pakistan's rice exports are expected to increase in the current fiscal year as the country can take advantage of an Indian ban on rice exports and tap into new markets in Russia and Mexico, a trade body said on Tuesday.
About two weeks ago, the Federal Government took a bold step towards ensuring that hunger in Nigeria is fixed. In this regard, the government recently declared a state of emergency on food security. The move was to check the looming food shortage, occasioned by low agricultural production fueled by instability.
MANILA, Philippines — A ranking Department of Agriculture (DA) official yesterday gave assurance of enough supply of rice despite the devastation brought by Typhoon Egay in the country.
KATHMANDU, July 31: The government, citing the possible disruption in rice supply after India imposed a ban on restriction of non-Basmati products, has decided to take measures necessary to tackle the situation.
Washington: Panic buying, hoarding, and price gouging have become rampant across the United States following India’s recent ban on non-Basmati white rice exports. The ban, announced last week, has sent shockwaves through the global food market, as India is a major rice exporter.
The rice export ban that India has imposed will result in a surge in global food price inflation, the International Monetary Fund (IMF) has warned. Along with the suspension of the Ukraine Black Sea grain deal, the Indian rice export ban will cause a 10-15 percent hike in global grain prices, IMF chief economist Pierre-Olivier Gourinchas said on Tuesday.
(Bloomberg) -- Rice prices are set to surge after top exporter India banned a large chunk of shipments, adding to stresses on global food markets that have already been roiled by bad weather and the worsening conflict in Ukraine
JAKARTA: Indonesia has increased its social welfare budget by 8 trillion rupiah ($532.41 million) to distribute more rice to lower-income households and help control food prices, the finance minister said on Monday.
The recent ban of rice by India, a central global rice trade, could lead to an upswing in global rice prices, depending on the duration of the ban, the Agricultural Business Chamber(Agbiz) said on Friday.
MATHURA, India, July 19 (Reuters) - (This July 19 story has been corrected to fix the name of the district magistrate to Pulkit Khare, not Pulkit Kare, in paragraph 9)
MORE than K900 million is spent annually on rice import, and the figure continues to increase, says International Trade and Investment Minister Richard Maru.
The Indian government is weighing a ban on the export of many rice types to control inflation, creating a good chance for Vietnam to accelerate outbound sales of rice, said several industry insiders.
MANILA, Philippines — President Ferdinand Marcos Jr. on Monday said that his administration has yet to deliver on his P20 per kilo of rice election promise, but they are doing everything that they can to do so.
NEW DELHI >> Warmer, drier weather because of an earlier than usual El Nino is expected to hamper rice production across Asia, hitting global food security in a world still reeling from the impacts of the war in Ukraine.
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