360° Coverage : India becomes biggest rice supplier to Singapore

11 Updates
India becomes biggest rice supplier to Singapore
Photo Credit: , Getty Images

India becomes biggest rice supplier to Singapore

Oct 12 2013, 4:30am CDT | by IANS

Singapore, Oct 12 (IANS) Trade statistics showed that India has overtaken Thailand as the biggest rice supplier to Singapore, a newspaper reported Saturday.

Singapore, Oct 12 — Trade statistics showed that India has overtaken Thailand as the biggest rice supplier to Singapore, a newspaper reported Saturday. Statistics from the International Enterprise...

Filed under: news

YouTube Videos

 
 
 

48 weeks ago

India becomes biggest rice supplier to Singapore

Oct 12 2013, 4:30am CDT | by IANS

Singapore, Oct 12 (IANS) Trade statistics showed that India has overtaken Thailand as the biggest rice supplier to Singapore, a newspaper reported Saturday.

Singapore, Oct 12 — Trade statistics showed that India has overtaken Thailand as the biggest rice supplier to Singapore, a newspaper reported Saturday.

Statistics from the International Enterprise Singapore showed that Singapore imported 92,865 tonnes, or 32.9 percent, of its total demand for rice from India between January and August, making India the top supplier, the Straits Times said.

Thailand was second at 85,816 tonnes over the same period, or 30.4 percent of the total, Xinhua reported.

Thailand had been the top source of the staple in Singapore since at least 1998, accounting for over half of overall supply between 1998 and 2011.

Last year, this fell to 35.3 percent. The premium grade of Hom Mali rice, with brands such as Royal Umbrella and SongHe has been the long-time favourites in Singapore.

There are several factors driving the shift in the supply patterns among major rice suppliers, industry players said.

"Importers (are) taking advantage of the lower prices of Indian rice compared to Thai rice," a spokesperson for the Trade and Industry ministry was quoted as saying.

Since 2011, the Thai government has been buying rice from farmers at above-market rates, building a stockpile at home.

This has reduced the amount of Thai rice available for export and resulted in higher prices of the staple, she said.

Supplies from India and other countries such as Vietnam and Myanmar have grown as much as nine-fold since 2004.

According to the Singapore General Rice Importers Association, the shift began when global rice prices began surging in 2008.

Back then, massive floods in Thailand led to a supply shortage. Other rice-producing nations also curbed exports to ensure adequate domestic supply and importers here hastened to look for alternative sources.

Importers say the changing palates of Singaporeans are also a factor. The influx of foreigners with different preferences may also be fuelling demand for non-Thai rice.

Topseller, a major supplier here of rice to thousands of hawker stalls and restaurants, started buying rice from India last year while its supply from Vietnam has surged over the last few years.

IANS

Source: IANS

 
Update
11

1 hour ago

Bostik starts adhesives plant in Malaysia

Sep 18 2014 3:14am CDT | Source: Business Standard

The new plant will manufacture cementitious tile adhesives to serve Malaysia and Singapore construction ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

11 hours ago

More S'pore billionaires, but wealth growth lagging

Sep 17 2014 4:58pm CDT | Source: Business Times Singapore

September 18, 2014 1:22 AM[SINGAPORE] The wealth of Singapore's billionaires inched up by just 1.6 per cent to US$65 billion this year, according to the 2014 edition of Wealth-X and UBS Bil ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
9

11 hours ago

Cat A and B COEs dip as number of bids falls

Sep 17 2014 4:58pm CDT | Source: Business Times Singapore

September 18, 2014 1:22 AM[SINGAPORE] Vehicle certificate of entitlement (COE) premiums were lower in the latest round of bidding which closed on Wednesday, with the exception of the open and motorcy ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
8

12 hours ago

Republicans Ask Joe Biden To Stop Embarrassing America

Sep 17 2014 4:05pm CDT | Source: Business Insider

The Republican Party thinks Vice President Joe Biden is embarrassing the US and they would like him to stop. Shortly after he apologized for using the term "Shylocks" on Wednesday, Biden stumbled into another controversy when he referred to former Singapore Prime Minister Lee Kuan Yew as "the wisest man in the Orient." The Republican National Committee subsequently released a statement claiming Biden had projected ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
7

1 day ago

Virginity worth $5,000, Chinese court rules

Sep 17 2014 4:25am CDT | Source: Business Insider

Shanghai (AFP) - A Chinese woman who sued a man for "violating her right to virginity" after he wooed her with false promises has been awarded nearly $5,000 by a court, reports said Wednesday.The two were dating but after the woman, surnamed Chen, found out her boyfriend was already married she sued him for swindling her out of her virginity, accusing him of pretending to be single and pledging to make her his wife, Sha ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
5

2 days ago

Three-Minute Digest

Sep 15 2014 5:05pm CDT | Source: Business Times Singapore

September 16, 2014 1:50 AMTHE tight labour market in Singapore has resulted in more jobs and higher salaries for locals, while the growth in foreign worker employme ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
4

3 days ago

Digital Supply Chain Security: Outsourced Code Development

Sep 15 2014 12:00am CDT | Source: Forbes Real Time

Last month I took some time to write about digital supply chain security in general as well from the perspective of partner networks. I had a chance to speak about this at the RSA Security Conference in Singapore and one piece that resonated with some of the attendees was around outsource ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
3

3 days ago

Guilin moots China-S'pore park in Yangshuo

Sep 14 2014 5:13pm CDT | Source: Business Times Singapore

September 15, 2014 1:33 AMGUILIN'S Party Secretary Zhao Leqin on Sunday proposed to Prime Minister Lee Hsien Loong that a China-Singapore tourism park be built in the scenic county ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
2

4 days ago

Kishore Mahbubani & Bindu N Lohani: Asia must innovate, or stagnate

Sep 13 2014 11:20am CDT | Source: Business Standard

How to create knowledge-based economies: a way for countries to avoid the middle-income trap and achieve high-income status ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

5 days ago

Zimbabwe: Mugabe in Singapore Health Stopover

Sep 13 2014 3:33am CDT | Source: AllAfrica.com

[New Zimbabwe]PRESIDENT Robert Mugabe,90, stopped over in Singapore for a medical check-up on his way from a week-long China trip,the Zimbabwe Independent has lea ...
Source: AllAfrica.com   Full article at: AllAfrica.com
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Sensor that measures effect of wine in your mouth
London, Sep 18 (IANS) Researchers have developed a nano-sensor that can mimic what happens in your mouth when you drink wine.
 
 
Why people in power need to be attentive listeners
New York, Sep 18 (IANS) Leaders in powerful positions often fail to listen properly and take into account the perspective of others, thus jeopardising the impact they could have, shows new research.
 
 
Modern Europeans have three ancestries: Study
"There are at least three major, highly differentiated populations that have contributed substantial amounts of ancestry to almost everybody that has European ancestry today," explained David Reich, an investigator at the Howard Hughes Medical Institute, Harvard Medical School.
 
 
Merkel pledges support to counter Ebola virus
Berlin, Sep 18 (IANS) German Chancellor Angela Merkel has pledged her support for the fight against Ebola virus in response to an appeal by Liberia.
 
 
 

Latest from the Network

San Jose Sharks Sign Justin Braun to 5-Year, $19M Extension
The San Jose Sharks signed defenseman Justin Braun to a five-year contract extension on Sept. 17.The Sharks issued a press release on Braun's new deal on their official website:"San Jose Sharks (@SanJoseSharks) General...
Read more on Sport Balla
 
Got married for kids: Neil Patrick Harris
Los Angeles, Sep 18 (IANS) Actor Neil Patrick Harris, who tied the knot with his longtime partner David Burtka, says they got married for the sake of their children - Harper and Gideon. "How I Met Your Mother" star...
Read more on Celebrity Balla
 
Man found selling IS flags in Australia
Canberra, Sep 18 (IANS) A man in Australia was found selling flags of the terrorist group Islamic State (IS), media reported Thursday. Rob Boot, 62, who sells flags from his home in Carrum in Melbourne, raised the...
Read more on Politics Balla
 
US lawmakers, Sikhs disappointed at basketball body's headgear decision
Washington, Sep 18 (IANS) Two US lawmakers and Sikh community bodies have expressed disappointment over International Basketball Federation's (FIBA) decision to allow athletes to wear religious headgear, such as patkas...
Read more on Sport Balla
 
Sensor that measures effect of wine in your mouth
London, Sep 18 (IANS) Researchers have developed a nano-sensor that can mimic what happens in your mouth when you drink wine. To put it simply, the sensor is a kind of mini-mouth that uses salivary proteins to measure...
Read more on Celebrity Balla
 
Pakistan's flood-hit to receive aid before Eid
Islamabad, Sep 18 (IANS) Under a chief minister's package for the flood-hit people of Pakistan's Punjab province, each family will be given a one-time financial aid before Eid al-Adha Oct 4. According to officials,...
Read more on Politics Balla
 
Windies women take 3-0 ODI lead against New Zealand
Basseterre (St. Kitts), Sep 18 (IANS/CMC) Seamer Shakera Selman inspired the West Indies women to an eight-wicket crushing of New Zealand as they took a 3-0 lead in the four-match One-Day International (ODI) series...
Read more on Sport Balla
 
Why people in power need to be attentive listeners
New York, Sep 18 (IANS) Leaders in powerful positions often fail to listen properly and take into account the perspective of others, thus jeopardising the impact they could have, shows new research. The CEOs,...
Read more on Celebrity Balla
 
Typhoon-triggered floods trap 395 students in China
Beijing, Sep 18 (IANS) A typhoon-triggered flood has trapped 395 students and teachers in China, officials said Thursday. Heavy rain brought on by typhoon Kalmaegi since early Wednesday has submerged the first floor...
Read more on Politics Balla
 
Modern Europeans have three ancestries: Study
"There are at least three major, highly differentiated populations that have contributed substantial amounts of ancestry to almost everybody that has European ancestry today," explained David Reich, an investigator at...
Read more on Apple Balla