The Philippines rice sector via the Department of Agriculture (DA) is finalizing an amicable import price for 2025, to contain domestic prices. Import prices for one of the world’s biggest rice importers normally impact domestic rates as much as those of locally-produced rice. This is why the DA, together with the Department of Trade and Industry, is...
Avocados will still be available to a lesser degree in production zones by mid-century, but at a price, studies warn. According to The Mirror in a January 7, 2025 story, 2050 production could fall by 41% due to erratic weather patterns. On the line are key sources in central America from Mexico to Peru and Africa, where climate is...
A bluefin tuna in Japan weighing 276 kg (607.2 pounds) recently sold at a record 207 million yen ($1.3 million) on January 5, 2025. This is the second highest live price since the start of record-keeping in 1999. The auction for the giant fish took place smack on the 2025 tuna season opener at the Toyosu Fish...
As the Hamas war marches past its 460th day, the Israel tomato price monitor is ticking downward after a 90% local supply rally. According to the Director General of the Ministry of Agriculture Oren Lavie, wholesale rates were down by 4 shekels ($1.09) to the kg on January 1, 2025. Wholesale tomatoes that had been trading at 11...
At a time when the world is handling a progressive sugar price decline, Indian subcontinental sugar supply is down, forcing prices up. In Pakistan, government radio on January 3, 2025 sent a statement detailing how the state will rein in the steep prices. During the broadcast, the Minister of Industries and Production Rana Tanveer invoked an...
After ameliorating a little in December 2024, global orange juice prices rose again in early January 2025 to $5.0479 per pound. This is even as weather-related shortage in Spain and Florida weigh in. Prices of the popular refreshment could remain strong, even going beyond the 2024 high of $5.5550 per pound back in September. Although Egypt had partially covered...
President Cyril Ramaphosa accompanied by local meat packer, Beefmaster Group, have explored red meat export opportunities for South Africa in Algeria. During the trade call in late 2024, Ramaphosa and the group’s CEO Gert Blignaut promoted their sector’s strengths to potential importers in Algeria. One of the opportunities is the trailblazing footprint of South Africa’s...
Although 2024 brought Pakistan an agricultural sector growth of 6.25%, the minimum support price (msp) of wheat in Punjab suffered state defaulting. While the state government had promised 3,900 Pakistani rupees ($14) per 40 kg bag as the wheat msp, the plan somehow fell through. The World Bank-supported msp of wheat has been helping local farmers who...
A dry season, a milling revolution, upshot international coffee prices and a timely harvest have gifted Kenya’s premium coffee a temporary break. Farmers have from November 2024 been enjoying high rates from roasters, spot on the country’s strategic October-December harvest. Weekly prices at the Nairobi Coffee Exchange on December 4, 2024 shows grade AA cost between $292 and 380...
Official reports indicate that rice production in Russia in 2024 has surpassed 1.2 million tonnes, 17% more than in 2023. According to a preliminary update by the Agriculture Ministry, the rise in production matched planted area expansion at 207,000 hectares. Leading sources include the southern province of Krasnodar, which reaped some 829,000 tonnes or three-quarters of...