Saturday 27 December 2014
 
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rice

Egypt food supply shake-up unnerves importers

A shake-up of Egypt's food import and storage authorities has seen an official from its main food buying agency referred to prosecutors over suspected corruption on local rice deals, while the head of its silos and storage holding company wa

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Saudi authorities seize adulterated rice

Saudi Arabian authorities have confiscated a trailer with 40 tonnes of adulterated rice in the kingdom, said a report. The inspectors from the Commerce Ministry had followed a vehicle to a warehouse in the south of Riyadh, the mai

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Syria cancels tender to buy rice

A Syrian purchasing agency has cancelled an urgent tender to buy 135,000 tonnes of white rice, the third state food tender to fail in two weeks as a new payment system to avoid problems from financing sanctions failed to attract traders.

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Qatar's Hassad Foods buys key stake in Indian firm

Hassad Food, a unit of Qatar Investment Authority (QIA), said it has acquired a majority stake in Indian rice seller Bush Foods Overseas, which also specializes in value added processed foods and international brands.   Hassad Food

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India trumps Pakistan's Iran rice trade boom

Iran's oil export revenues are helping Indian rice exporters to claw back some of the lucrative business lost to cross-border truckers in Pakistan as a result of Western sanctions. Indian rice exports direct to Iran have bounc

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Asia rice market playing chicken

There's something quite curious afoot in Asia's rice markets with prices near a seven-month high even as stockpiles across the region remain at elevated levels and exports slump, says an analyst. It's not just Thailand's inventories that a

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Wheels begin to turn in India's farm revolution

The world's second-biggest producer of rice, wheat and sugar, India has slowly started embracing mechanization after centuries of farming with methods the United States threw out with the British, say analysts. Interviews with farmers,

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China should farm more abroad: experts

China, the world's most populous country and biggest consumer of grain, should expand its farming overseas to ensure enough food for its people because of limited land and low productivity at home, agriculture experts said. China's farm tr

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Sanctions bite Iran traders even in Oman

Iranian traders in Oman, struggling to secure financing because of Western economic sanctions against Tehran, are raising loans from sympathetic Omani businessmen in order to ship foodstuffs to Iran, the traders say. "Local banks don't gi

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Iran sanctions disrupt food imports

More evidence emerged of the crippling impact of new sanctions on Iran, with international traders saying Tehran is having trouble buying rice, cooking oil and other staples to feed its 74 million people weeks before an election. New US f

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