Rice Demand

In Japan, rice is more than just a grain; it is central to daily meals, festivals, spiritual offerings, and even language

Favourable weather over past year has helped lift global stockpiles for a second season, and a further flood of the crop is expected from India, which has scrapped long-running export restrictions

Rice stocks rose after the government permitted the export of 100% broken rice, following a surge in inventories that reached a record high in early February-almost nine times the government's target

In the middle of overflowing grain bins, Indian farmers have gathered a record rice crop of 120 million tons from this year's summer season, which accounts for nearly 85 per cent of total rice output

India's rice production is likely to touch a record 119.93 million tonne (MT) in the 2024-25 kharif season on good monsoon, according to the agriculture ministry's first advance estimate released on Tuesday. The record estimate comes amid surplus stocks in government godowns. Rice production is projected 6.67 million tonne higher than the previous year's kharif season. The harvesting of the main kharif crop is underway across the country. Among coarse cereals, maize output is estimated at an all-time high of 24.54 MT for the 2024-25 kharif season (July-June), up from 22.24 MT last year. While jowar production is estimated higher at 2.19 MT, bajra output is likely to decline to 9.37 MT. Total coarse cereals production is pegged lower at 37.81 MT against 56.93 million tonne in the year-ago period. The ministry estimates total foodgrain production at 164.70 MT for the 2024-25 kharif season, higher than 155.76 MT last year. Pulses output is expected to remain almost flat at 6.95 MT

Indonesia's rice output is estimated to fall 2.43% this year to 30.34 million metric tons, due to a delay in planting and harvest season amid longer dry weather in 2023, the statistics bureau

Meant to nutritional security challenges, rice fortification involves the adding of Fortified Rice Kernels (FRK), containing micronutrients such as iron, folic acid, and Vitamin B12, into regular rice

The shortage of rice in Japan has become so severe that several stores are limiting consumers to one bag per person

Ministers to review rice export restrictions amid rising central pool stocks and growing ethanol demand as non-basmati traders hit hardest since curbs began in August 2023

Some traders said FOB export price of Indian basmati near the MEP, while others oppose

Rice is vital to the diets of billions of people in Asia and Africa, and the surge in prices could add to inflationary pressures and boost import bills for buyers

Rice is vital to the diets of billions of people in Asia and Africa, and the surge in prices could add to inflationary pressures and boost import bills for buyers

The Centre on Wednesday said it has discontinued the sale of wheat and rice to states under Open Market Sale Scheme (OMSS) with effect from June 13 to maintain adequate buffer stock and control price rise amid concerns of kharif crop being impacted due to expected shortfall in monsoon rains. This was informed by Minister of State for Food and Consumer Affairs Sadhvi Niranjan Jyoti said in a written reply to the Lok Sabha. "Considering expected deficiency in rainfall caused by El-Nino as speculated by IMD due to which Kharif crop production in country may be adversely affected, and in order to control inflationary trends and to maintain adequate stock levels under central pool for distribution under National Food Security Act and other welfare schemes..., the sale of wheat and rice under Open Market Sale Scheme (Domestic) for State Governments, including Tamil Nadu, has been discontinued with effect from June 13," she said. Replying to a separate question on wheat, the minister said

India being one of the major players in the world rice markets can't remain untouched with the weather and other challenges that the crop faces every year

Analysts expect global and domestic rice demand to remain firm, which they believe, would keep the stock prices piping hot going ahead

Basmati rice sales are likely to increase 30 per cent to more than Rs 50,000 crore in the current fiscal, mainly due to high realisation and healthy demand, according to a report. In the report on Thursday, Crisil Ratings said that next fiscal, however, sales will decline 5-7 per cent as basmati rice realisation is expected to soften with anticipated increase in paddy acreage. The volume demand is expected to remain stable at 6.8 million tonnes, it added. "Basmati sector sales will likely rise 30 per cent this fiscal, with volume growing 10 per cent and realisation increasing 20 per cent. "Growth in export volume is driven by two factors -- increased food grain demand amid geo-political issues, and India benefiting from lower basmati exports from flood-affected Pakistan, a key basmati exporter. Next fiscal, sector sales will reduce by 5-7 per cent solely due to moderating prices," Crisil Ratings Director Nitin Kansal said. Basmati rice exports, comprising 64 per cent of sales by

Basmati rice prices up 10-15% this year; may rise further as crop is 7-8% down

The government on Monday said the price rise in wheat and rice has been "normal" and it will intervene in the market to offload the grains if there is any abnormal increase in the rates. Food Secretary Sudhanshu Pandey, in a press briefing, also said the government has surplus stocks of both wheat and rice in its godowns which will be used for making market intervention. "Price rise is not abnormal as it has been perceived and projected...," Pandey said. Citing the example of wheat, he said the price rise is normal as the last year's wholesale price was depressed as the government sold huge quantities under its Open Market Sale Scheme (OMSS) to bulk consumers, he said. The whole price of wheat was ruling at Rs 2,331 per quintal on October 14, 2021, as against Rs 2,474 per quintal on the same day in 2020, he added. "Therefore, it is not advisable to compare the current year's increase in wheat with last year's. It should be compared with prices that prevailed in 2020," Pandey ...

This will be the lowest output in two years, according to first estimate

India, which commands 40% share in the global rice trade, exported 21.23 mt of rice in 2021-22, against 17.78 mt in the previous year