Rice prices in key Asian export hubs have eased in recent weeks after climbing last year to their highest since 2008 following an export ban by India, the world's biggest shipper.
SINGAPORE — Global rice supplies have stabilized after last year's rally, although the market remains vulnerable to risks from dry weather caused by the El Niño, a senior executive at commodity merchant Louis Dreyfus Co said.Rice prices in key Asian export hubs have eased in recent weeks after climbing last year to their highest since 2008 following an export ban by India, the world's biggest shipper."It does seem like we went through a very tight situation.
In May, June, we should know a bit more about what is going to happen with the irrigated crops," he said.LDC, among the biggest rice merchants, supplies buyers in Asia, Africa and the Middle East.Weather riskThe unpredictability of weather patterns fueled by climate change is leading to further supply disruption."I think the biggest thing about El Niño, and it's not talked enough about, is the unpredictability of the weather events," he said.
Rice Prices Rice Production Rice Importation El Nino News Business And Industry
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Romualdez: House eyes lower rice prices by June by amending Rice Tariffication lawSpeaker Martin Romualdez said that the House will pass a bill amending the Rice Tariffication law to restore the NFA’s authority to buy rice and sell it at a cheaper price, among other reforms.
Read more »
Pagbasura sa rice liberalization 'solusyon vs rice inflation' — KMPItinutulak ngayon ng isang progresibong grupo ng mga magsasaka ang pagbabasura sa Rice Liberalization Law sa gitna ng mabilis na pagtaas ng presyo ng bigas at mababang procurement ng gobyerno ng bigas.
Read more »
DA won't recommend rice price cap, SRP despite 15-year high rice inflationThe Department of Agriculture (DA) will not recommend the imposition of a retail price ceiling or suggested retail prices (SRPs) on rice despite the continued double-digit growth in the grain staple's inflation rate.
Read more »
DA won't recommend rice price cap, SRP despite 15-year high rice inflationThe Department of Agriculture (DA) will not recommend the imposition of a retail price ceiling or suggested retail prices (SRPs) on rice despite the continued double-digit growth in the grain staple's inflation rate.
Read more »
Rice, rice, baby! Champorado among top rice puddings in world, according to Taste AtlasOur beloved champorado is ready to 'rice' to the occasion – the thick and sweet Filipino rice pudding lands in 14th place
Read more »
Reversing Rice Liberalization Law Urged to Address Low Procurement and High InflationA farmer group in the Philippines calls for the reversal of the rice liberalization law to address the low procurement of rice grains and high rice inflation. The group argues that the law gives too much power to private rice traders, while farmers struggle with production and harvests due to drought and dry spells.
Read more »