Indonesia’s state purchasing agency Bulog has reportedly acquired 300,000 metric tons of rice in an international tender to control local prices amid a 16% increase due to the El Nino weather phenomenon. The rice will be sourced from Thailand, Vietnam, Pakistan, and Myanmar and is expected to arrive by May 31.

A health scare in Japan over cholesterol-lowering supplements has led to over 100 people being hospitalized and two deaths. The manufacturer, Kobayashi Pharmaceutical, has recalled three supplement brands as a precautionary measure. Red yeast rice, an ingredient in the supplements, is known for lowering cholesterol but may also cause organ damage.

Indonesia predicts a surplus of 1.7 million metric tons in its rice supply-demand gap for the first half of 2024, a significant improvement from last year’s surplus of 3.36 million tons. This anticipated surplus may impact India’s rice exports as Indonesia strives for self-sufficiency.

Thailand’s auto production declines as pickup truck and internal combustion engine passenger car output decreases, raising concerns over the industry’s future and calling for the promotion of electric vehicles to align with global trends.

Pakistan’s rice exporters are grappling with declining demand as a result of the COVID-19 pandemic and stiff competition from countries like India, Thailand, and Vietnam. To overcome these challenges, exporters are pursuing new markets, diversifying their products, and seeking government support. The road to recovery for the industry may be long, requiring effective policies and investment in research and development.

Discover the latest shift in the rice market as larger supplies and changing consumption create opportunities for Pakistani rice exporters. Stay informed with resources like hasrice.com and pakistanrice.com to connect with buyers, understand market trends, and ensure a seamless export process.

According to the Bureau of Plant Industry, the Philippines has exceeded its first-quarter rice import total, importing 886,963.11 metric tons of milled rice as of March 14. This increase aligns with the projection that the country will import 4 million metric tons of rice this year.

Discover the budget-friendly DIY rice-beetroot-aloe vera mask that’s taking social media by storm for radiant skin. Dermatologist Dr. Monica Bambroo explains how each ingredient offers unique benefits: gentle exfoliation, antioxidant protection, and hydration. Incorporate this expert-approved skincare hack into your routine and say goodbye to dry, dull skin.

India’s prized basmati rice varieties, including Pusa-1121 and 1509 Basmati, have been discovered in Pakistan under different names. This raises concerns among Indian scientists at IARI, who are advocating for legal action to protect Indian farmers and exporters from potential economic losses.

Indian rice exporters are facing a significant challenge as the customs department demands duty differentials on rice exported in the last 18 months. This unexpected demand puts exporters in a difficult position, making it challenging to meet the government’s requirements.