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NFA moves auction for aging rice stocks to June

World

(VAN) The Philippines National Food Authority (NFA) has rescheduled the auction for aging rice stocks from this month to June while guidelines for the process are being finalized.

Thai rice market surges as jasmine rice hits 16,100 baht per tonne

World

(VAN) Prices of main-crop paddy have risen sharply, with jasmine rice hitting 16,100 baht per tonne — the highest level in years.

Thai farmers fear price drop as India plans to release 20m tonnes of rice

World

(VAN) Global rice markets are bracing for turbulence after reports that India, the world’s largest rice exporter, is preparing to release around 20 million tonnes of stockpiled rice in September.

Japan aims to increase rice exports 8-fold to 350,000 tons in 2030

Markets

(VAN) The Japanese government plans to increase the country's rice exports by nearly eight-fold to 350,000 tons, worth 92.2 billion yen ($623 million), in 2030 from 2024, according to a policy presented to a ruling party meeting Wednesday.

Global rice markets are in crisis amid ‘artificial’ shortage

World

(VAN) Rice is a crucial staple for over half the global population and the world is bracing for its most significant shortage in 20 years.