Market Monitor Report

Organisation:
Language: English
Published Date:

Highlights
• A significant drop in local rice prices as the main harvest nearly complete, signalling increased availability.
• Policy-wise, direct institutional purchases of local rice from local farmers by National Logistics Centre (NLC) is in progress with an overall target of around 4,000mt for stockpiling.
• Imported rice prices continue to steadily decrease reflective of the global price weakness, however, it remains above year-earlier levels.