Rice hoarders cause 100 percent price hike AHMED MALIK KARACHI (June 14 2007): In spite of the fact that Pakistan is one of the largest rice producing countries, having annual production of more than 5 million tons, it is facing an unprecedented price hike mainly because of unchallenged and unchecked hoarding by profiteers, traders said. Rice hoarders cause 100 percent price hike AHMED MALIK KARACHI (June 14 2007): In spite of the fact that Pakistan is one of the largest rice producing...

The second phase of the Japan-Vietnam Joint Initiative, an agreement of co-operation on science and technology for 2006 and on-going negotiations on an Economic Partnership Agreement would lay a strong legal foundation and a momentum for further bilateral relations, said Minh. Vietnam is emerging as a reliable destination for Japanese investors and many Japanese businesses have been operating profitably in the market, said the senior trade expert. The second phase of the Japan-Vietnam...

Under the existing law, the agency is allowed to buy up to 2.2 million tons of rice from local farmers, including 1.9 million tons earmarked as subsidized rice for the poor. Speaking to the press here on Friday, Bulog chief Mustafa Abubakar said at least 10 heads of the agency's regional division offices had expressed readiness to buy up to 1.73 million tons of rice from local farmers until the end of 2007. Previous Stories Italy to scrap 9.3 mln euro Indonesian debt in exchange for...

Rice market fundamentals have been positive for some time, but now the market appears to be recognizing this and the shorts have had to cover over the past several days, a trader said. Follow through fund buying underpinned rice, with good fund buying in July all day, the trader added. Department of Agriculture is scheduled to release its weekly export sales report for the period ending June 7 at 8:30 a. Asian cash rice prices were little changed at high levels in thin trading, exporters...

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In traditional wheat-growing regions like Punjab and Haryana, farmers are shifting from wheat to cash crops, especially vege-tables, for niche markets. Despite a good crop this season, the government may have to import five million tonnes of grain to meet the needs of a growing population. Exports may not come cheap and that's bound to impact food prices, especially the politically sensitive public distribution system (PDS) rates. If trends in agriculture are not reversed, India might soon...