The Centre on Friday announced that the Cabinet Committee on Economic Affairs approved a proposal to distribute fortified rice through various government schemes in a phased manner.

Hybridization Technique (Two-line system, and Three-line system); Treatment (Treated, and Untreated); Grain size (Long grains, Medium-sized grains, and Short grains)”, The global rice seed market is accounted to US$ 5,506.8 Mn in 2018 and is expected to grow at a CAGR of 7.0% during the forecast period 2019 – 2027, to account to US$ 10,036.0 Mn by 2027.

Export prices of rice in India dipped this week as supplies increased following the extension of a government scheme to provide subsidised grains, while rates in Vietnam and Thailand were mostly flat amid softer demand and rising output.

The rice is being offered under a credit line of $1 billion to Sri Lanka announced by India recently towards the purchase of food, medicine and other essential commodities. Of this credit line, $150 million is earmarked for rice supplies to Sri Lanka.

Exporters of Indian non-basmati rice, after shipping close to 17 million tonnes in 2021-22, are facing the twin challenges of higher freight cost and the return of Thailand, a major supplier, to the international market in the current financial year.

The price of 1121 variety of basmati rice has witnessed a considerable jump in the open market in Haryana, fetching up to Rs 1,061 per quintal more compared to last time.

Rice farmers from Mwea Irrigation scheme have vowed not to pay the Sh15,000 levies imposed by the Water Resource Management Authority terming it exploitative.

Farmers and stakeholders opposed on Monday the use of Golden Rice, a genetically modified variety of rice co-developed by the International Rice Research Institute (IRRI).

PHI Group, Inc. (www.phiglobal.com, PHIL), a diversified holding company currently engaged in PHILUX Global Funds (a group of Luxembourg bank funds),

A recent study published by nature.com showed that global demand for rice is expected to increase 30 percent by 2050, however, with a “limited scope available for other main rice-producing countries such as China and India”, it will become incumbent on the countries such as Cambodia, Myanmar, Philippines, Thailand, Indonesia and Vietnam to close the future deficit.