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.

 In the face of uncertainty over procurement of paddy cultivated in the ongoing rabi by the government, farmers have already started moving the harvested crop to private rice mills and selling it well below the minimum support price of ₹1,960 a quintal for fine variety that was more easily marketable.

On behalf of the Prime Minister, Assistant to the Minister of Foreign Affairs Nguyen Minh Hang on April 1 symbolically presented 200 tonnes of rice worth nearly 100,000 USD as a gift from the Vietnamese Government and people to the Philippines to help address Typhoon Rai’s aftermath.

Export prices of rice in India were unchanged this week amid prospects of increased supplies and an appreciation in the rupee, while an increase in stocks weighed on rates in

At least 40% of global rice exports come from Southeast Asia, making the region a major rice bowl. The region helps feed other parts of the world, such as Africa and the Middle East. Projections show that global rice demand is set to increase 30% by 2050.

The union government’s stubborn attitude in refusing to procure the Yasangi paddy harvest from Telangana can only mean two things – that it stands completely exposed in understanding the global market needs or it is guilty of wilful rejection of the State’s genuine pleas.

Rice production in the Philippines in 2022-23 will stay flat with last year’s record at 12.4 million tonnes,

China sold 9,727 tonnes of rice, or 0.53% of the total offer, at an auction of its state reserves on March 22, the National Grain Trade Center said in a statement on Monday.

The procurement status of 70 lakh metric tonnes of paddy ready for the current yasangi (rabi) season is in limbo due to a dispute between the state and central governments.