RICE NEWS

Update

Global Rice Production Reaches Historic High Despite USDA Downgrade

Global rice production for 2024-2025, despite a USDA revision down by 464,000 tonnes to 527.7 million tonnes, is still a record high. Key producers face challenges affecting yields, while trade forecasts are up thanks to increased exports from Thailand and the U.S. Price fluctuations and export restrictions create market volatility, influencing global food security.

Update

Japan Faces Rice Shortages Amid Rising Prices, Driven by Extreme Weather and Increased Demand

Japan is facing significant rice shortages, with prices rising 17% to an average of 16,133 yen per 60 kilograms in August 2024, attributed to extreme weather and increased demand from tourists and panic buying. Despite government reassurances, consumers struggle with higher costs and limited supply, highlighting vulnerabilities in Japan’s food system.

Update

India Sends 1000 Metric Tons of Rice to Namibia Amid Growing Food Insecurity Crisis

India has sent 1,000 metric tons of rice to aid Namibia’s food security amidst severe drought conditions. This gesture solidifies India’s commitment to supporting nations in the Global South. The rice donation will offer immediate relief and strengthen bilateral relations, reflecting India’s role as a key player in global humanitarian efforts and a model for crisis assistance.

Update