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Rice prices are approaching a 15-year high, with Thai white rice 5% broken, an Asian benchmark, rising $57 in the past two weeks to $640 per ton. Factors contributing to the surge include increased demand from unexpected buyers like Brazil and the Philippines, higher domestic prices, and a stronger baht.
Bangladesh's rice production may decline in marketing year (MY) 2022-23, which began in May, as severe floods damaged pre-monsoon crop Aus in the north and northeastern regions during planting, said a USDA report released on Monday.
The government and the ruling People Power Party (PPP) agreed Sunday to purchase 450,000 tons of rice to be harvested this year for its reserves of the staple grain as they seek to stabilize rice prices, a PPP official said.
BEIJING, April 1 (Xinhua) -- Chinese Vice Premier Hu Chunhua on Friday called for solid efforts to boost corn and rice production to stabilize the output and su
BEIJING, Jan. 13 (Xinhua) -- China will stabilize its annual grain output at over 650 billion kg and strive to beat a target of 700 billion kg by 2025 to ensure