Information gathered around markets yesterday revealed that importers are pointing to the rise in the global price of rice as justification of the need to hike the price of the commodity above US$13.00. However, importers claim that the government has downplayed their request so they are left with no option but to hoard their goods in order to pressurize the government to agree to their demand.
Published on: 03/09/2021Category:
Rupee becomes worst performer in Asia
Currency drops to 13-month low of 166.98 to a dollar in inter-bank market
Published on: 03/09/2021Category:
Global food commodity prices rebound in August
Global cereal production in 2021 is forecast to reach 2 788 million tonnes, up by 0.7 percent from the year before but below July’s expectations, according to FAO’s new Cereal Supply and Demand Brief, also released today.
Published on: 02/09/2021Category:
Sri Lanka seizes sugar, rice stocks as food shortages bite
COLOMBO: Sri Lanka’s government has started seizing stocks of sugar and rice from warehouses and will release them on the open market at regulated prices from Thursday as part of
Published on: 02/09/2021Category:
Indian Rice Imports To Iran Have Decreased By 80%
The secretary of the Rice Importers Association, Masih Keshavarz said that rice imports have decreased by 80% compared to previous periods, which has led to a shortage of foreign rice in the market.
Published on: 01/09/2021Category:
Rwanda to directly export tea to Pakistani market
“Other than rice, which is the biggest product we import from Pakistan, Rwandan importers will be facilitated to import textiles, agriculture machinery, and surgical instruments, among others, from Pakistan,” he added.
Published on: 01/09/2021Category:
Thailand challenges India in rice export from weakening baht
The Thai Rice Exporters Association president Charoen Laothammatas said exports began looking up after mid-year, with 419,578 tons, valued at 7.47 billion baht, being exported in July, up 7.6% and 4.9% respectively compared to June.
Published on: 01/09/2021Category:
Kenya-Pakistan end tariff wars, draft MoUs for more trade
Kenya and Pakistan have ended a long-standing tariff war that hurt trade between the two countries, mainly Kenyan tea exports.
Published on: 31/08/2021Category:
Global container shortage poses fresh export hurdle for India
After touching a record high in July 2021, Indian exports could witness a sharp slump in August due to a shortage of containers around the world. Here is all you
Published on: 30/08/2021Category:
Indian exporters boxed in by container crunch as rates rise to $7,000-10,000 in a fortnight
A severe container shortage – triggered by massive congestions at Chinese ports that are either closed or operating at much lower capacity due to Covid-19 restrictions, along with a huge demand for containers in the US and Europe – has been pushing freight to new highs.
Published on: 30/08/2021Category: