| Commodity Market News |
Bangladesh looks to import 50, 000 tonnes rice
26 May 2011
Bangladesh is seeking to import 50,000 tonnes of non-basmati parboiled rice, the Directorate-General of Food Bidders have until June 6 to submit offers, it said.
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Vietnam exports 2.75 million tones rice
17 May 2011
Vietnam exported 2.75 million tonnes of rice valued at $1.3 billion between January 1 and May 12 as per the Vietnam Food Association said.
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Philippines sees record dry season rice harvest
04 May 2011
The Philippines' rice harvest in the current dry crop season may touch record high levels due to early rains in the first quarter, putting less pressure on the government to import more of the staple, Agriculture Secretary Proceso Alcala said recently.
Manila said last month it expects to surpass its rice production forecast of 7.6 million tonnes in the first half, which covers the dry crop period. It estimates total production this year to reach a record 17.46 million tonnes, more than 10 percent higher than last year's output.
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Global rice stocks forecast cut
22 April 2011
The International Grains Council lowered its estimate for global end –of-season rice stocks by 600,000 tonnes to 96.5 million tonnes, but said stocks will still be the highest in eight years.
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Manila to award some rice imports rights, re-tender others-NFA
16 April 2011
The Philippines' National Food Authority (NFA) said it will award more rice import rights to private traders, taking cumulative allocations to nearly 500,000 tonnes out of a planned total of 600,000 tonnes for 2011.The revision, linked to the fast pace of exports in France, was 150,000 tonnes higher than FranceAgriMer's March estimate and nearly 30 percent above the volume exported in the 2009/2010 season.
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Pakistan likely to ship 5 mt rice
08 April 2011
Pakistan the world’s fourth largest rice exporter, may ship 5 million tones in the year starting July 1, the maximum in least five years, as per Pakistan Rice Association.
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New rice variety to spur Kenya output
07 April 2011
Kenya, a net rice importer, may double production of the grain over the next seven year after introducing a drought-resistant seed variety that thrives in drier environments.
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Vietnam Q1 rice exports up
07 April 2011
Vietnam exported 1.85 million tonnes of rice in the first quarter of the year as per the Vietnam Food Association. The figure is higher than an estimate of 1.686 million tonnes. Rice export revenue in the January-March period totalled $884 million, the association said in a statement.
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Floor price for matta rice export $850 a tonne
02 April 2011
The government has set the minimum export price of matta rice at $850 a tonne.
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Vietnam may ship 6.5 lakh tonnes rice
26 March 2011
Vietnam, the second-biggest rice exporter, may ship 6, 50,000 tonnes in March.
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