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Pandemic drives up the cost of rice

Pandemic drives up the cost of rice
15
Container shortage adds to supply woes
published :
22 Jan 2021 at 12:58
Bags of processed rice are seen arranged inside a warehouse in Benue, Nigeria. (Reuters photo)
SINGAPORE/MUMBAI/NAIROBI: Tightening global supplies of basic foodstuffs and disruptions to shipping caused by the coronavirus pandemic are driving up the cost of rice, the most important staple food for billions of people worldwide.
Rising food prices are a worrying trend in countries that depend on imports, while the cost of rice is politically sensitive in many parts of Asia and Africa. A spike in the price of the grain led to unrest in several countries during the world food crisis of 2008. ....

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Feed fight: African consumers hit as Asia gobbles up rice supplies

6 Min Read
SINGAPORE/MUMBAI/NAIROBI (Reuters) - Tightening global supplies of basic foodstuffs and disruptions to shipping caused by the coronavirus pandemic are driving up the cost of rice, the most important staple food for billions of people worldwide.
FILE PHOTO: Bags of processed rice are seen arranged inside a warehouse in Benue, Nigeria December 3, 2019. REUTERS/Afolabi Sotunde/File Photo
Rising food prices are a worrying trend in countries that depend on imports, while the cost of rice is politically sensitive in many parts of Asia and Africa. A spike in the price of the grain led to unrest in several countries during the world food crisis of 2008. ....

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RPT-ASIA RICE-Indian prices rise; high Thai rates stoke competition worries

(Repeats story filed on Jan. 7) Bangladesh's rice imports could surge to 2 mln T - govt source Thai rice rates at $515-$520/t vs $510-$516 last week Buyers await Vietnam's winter-spring harvestBy Eileen SorengJan 7 (Reuters) - Export prices of rice in India rose this week on strong rupee and higher demand from rival nations, while increasing prices in Thailand raised worries about losing out to other Asian competitors. ....

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Asia rice - Indian prices rise; high Thai rates stoke competition worries

Friday, January 08, 2021, 11:07 GMT+7
Kashmiri farmers collect winnowed rice grain after a harvest on the outskirts of Srinagar, India, September 22, 2020. Photo: Reuters
Export prices of rice in India rose this week on strong rupee and higher demand from rival nations, while increasing prices in Thailand raised worries about losing out to other Asian competitors.
Top exporter India s 5% broken parboiled variety RI-INBKN5-P1 was quoted at $383-$390 per metric ton this week, up from last week s $381-$387.
We are raising prices considering the appreciation in rupee, said Himanshu Agarwal, executive director at Satyam Balajee, India s biggest rice exporter, adding prices remain competitive even after the price hike. ....

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Indian rice shipping delays come at bad time as consumer demand spikes | Hellenic Shipping News Worldwide

Indian rice shipping delays come at bad time as consumer demand spikes
The global rice market is grappling with logistical disruptions at major supply ports caused by a lack of shipping containers at the same time a worldwide rush to stockpile food is spurring demand for the staple grain.
The logistics difficulties illustrate the way the COVID-19 pandemic has upended the global trade in finished goods and raw commodities.
As the pull of goods to Europe and the United States has left Asia short of the shipping containers needed to move materials, rice shipments from both India, the world’s biggest rice exporter, and Thailand, the world’s second-biggest supplier, are facing delays. ....

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