Thai rice sellers lowered their quotes for 5% broken rice by about $10 per ton to about $600 – $610 per ton today. Viet rice sellers lowered their quotes for 5% broken rice by about $5 per ton to about $425 – $435 per ton. Indian rice sellers lowered their quotes for 25% broken rice by about $5 per ton to about $355 – $365 per ton. Pak rice sellers lowered their quotes for 25% broken rice by about $5 per ton to about $395 – $405 per ton. (more…)

Silvestre Bonto Sr., a farmer leader from the Bicol region and president of National Confederation of Irrigators’ Association, is calling on Malacañang Palace to give priority to farmers cooperatives in dealing with  rice imports.

(more…)

Indian rice exporters are once again facing payment delays with Iran, with defaults rising to almost $37 million.

(more…)

India’s rice stockpiles as of May 1, 2012 have reached 32.9 million tons, over shooting the targeted 12.2 million tons for the second quarter by nearly 20.7 million tons. (more…)

Thai rice sellers increased their quotes for Hommali rice by about $5 per ton to about $1,000 – $1,010 per ton today. Indian rice sellers lowered most of their quotes by about $5 – $10 per ton. Viet and Pak rice sellers kept their quotes unchanged.

(more…)

The director general of the India Meteorological Department (IMD) has revealed that there is a possibility that the El Niño weather pattern may adversely impact Indian monsoons this year. (more…)

The Indonesian Farmers Union, Himpunan Kerukunan Tani Indonesia (HKTI) has urged the government to stop rice imports saying this will benefit local rice farmers and help develop Indonesia’s own rice industry.

(more…)

Thai government rice stocks jumped this week as the government continued to buy rice for stockpile, supporting prices even though overseas demand was weak and domestic costs for the grain staple high, exporters said on Wednesday.

(more…)

Indonesia has lowered its paddy rice production target for 2012 to 67.8 million tons (about 43 million tons, basis milled), down about 4.2 million tons (about 2.64 million tons, basis milled) or nearly 5% from its February forecast of 72.02 million tons (about 45.4 million tons, basis milled). However, the revised output is still about 4% higher than last year’s figures.

(more…)

China has asked the Philippines to lower the tariff on imported rice in exchange for the continued quantitative restriction policy of the World Trade Organization.

“As previously been mentioned, we are willing to adjust the tariff as well as the volume of imported rice that enters the country under the QR system,” Agriculture Assistant Secretary Romeo Recide said in an interview.

(more…)