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

 
 
 

1 year 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

11 hours ago

In emerging Indonesia, Honda's Mobilio muscles in on Toyota's turf

Oct 23 2014 4:17pm CDT | Source: Reuters India

JAKARTA/SINGAPORE (Reuters) - Honda Motor's Mobilio, a spacious yet affordable multi-purpose vehicle (MPV), has nearly doubled its market share this year, triggering a price war with Toyota Motor in Indonesia, the latest battleground for global carmakers. ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
10

21 hours ago

Sharapova blows chance at year-end number one

Oct 23 2014 6:01am CDT | Source: Business Insider

Singapore (AFP) - Maria Sharapova's hopes of becoming the year-end world number one went up in smoke Tuesday when she crashed in straight sets to Petra Kvitova at the WTA Finals in Singapore.The Russian superstar needed a win to have any chance of overtaking top-ranked Serena Williams but she blew up in spectacular fashion as Kvitova won 6-3, 6-2 in 75 minutes.It was the second upset in quick succession at the seas ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
9

1 day ago

WTA Finals: Serena Williams Thrashed 6-0 6-2 by Simona Halep in Heaviest Defeat Since 1998

Oct 22 2014 11:53am CDT | Source: IBTimes UK

The American loses in Singapore, crashing to joint-heaviest def ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
8

1 day ago

Halep stuns Williams at WTA Finals

Oct 22 2014 5:40am CDT | Source: Business Insider

Singapore (AFP) - Romania's Simona Halep stunned Serena Williams 6-0, 6-2 at the WTA Finals in Singapore Wednesday, dealing the world number one her heaviest defeat in 16 years.The diminutive Romanian, who was 0-3 against Williams, took advantage of the American's horrendous serving to clinch the biggest match win of her career and go top of Red Group in the eight-player season finale.The 23-year-ol ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
7

2 days ago

Top bullion consumer China works on first gold forwards, options

Oct 21 2014 4:20pm CDT | Source: Reuters India

SINGAPORE/SHANGHAI (Reuters) - The Shanghai Gold Exchange (SGE) is working on plans for China's first forwards and options in gold, sources say, potentially putting China ahead in the race to set an Asian pricing benchmark that ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
5

2 days ago

After huge jet orders, budget airlines eye rich seam of aircraft leasing

Oct 21 2014 4:17pm CDT | Source: Reuters India

SINGAPORE/PARIS (Reuters) - From Scandinavia to Southeast Asia, low-cost airlines have ordered record numbers of planes in recent years, redefining the jet industry. Now they plan to lease out scores of their new planes, re-orderi ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
4

3 days ago

Maria Sharapova really hates this picture

Oct 20 2014 5:31pm CDT | Source: NEWS.com.au

THE WTA finals launched in Singapore with a hefty dose of glitz, glamour and selfies galore — but Maria Sharapova was not impr ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
3

3 days ago

Williams beats Ivanovic, eases knee concerns

Oct 20 2014 9:16am CDT | Source: Business Insider

Singapore (AFP) - Top seed Serena Williams survived a stern test from Ana Ivanovic and eased concerns over her injured knee as she opened the WTA Finals with a 6-4, 6-4 win on Monday.The world number one settled after a nervous start to put in an ultimately clinical performance in Singapore in which she broke Ivanovic at crucial moments in both sets.Williams also proved her fitness, in question after sh ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
2

3 days ago

Iraq proposes to split Basra Light crude into two grades

Oct 20 2014 4:37am CDT | Source: Reuters India

SINGAPORE/TOKYO (Reuters) - Iraq's State Oil Marketing Organization (SOMO) has proposed splitting its Basra Light crude supply into two grades and has requested feedback from buyers in Asia, ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
1

1 week ago

Banque Syz eyes HK tie-up, mulls new offices

Oct 17 2014 1:50am CDT | Source: Asian Investor

The Swiss firm is looking to do a tie-up or acquisition in Hong Kong to expand its regional presence and is mulling further offices, potentially ...
Source: Asian Investor   Full article at: Asian Investor
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Pakistan won't let India build bunkers
Islamabad, Oct 24 (IANS) Pakistan has said it won't allow India to build bunkers along the Jammu and Kashmir border in violation of a bilateral pact.
 
 
Shorter TB treatment falls short of effectiveness
New York, Oct 24 (IANS) There is bad news for patients suffering from tuberculosis (TB) as researchers have found that a shortened (four months) treatment could not be considered as an alternative to the current six-month standard treatment.
 
 
Simple test can spot rare insulin disease in infant
London, Oct 24 (IANS) Infants with a rare form of a insulin disease that may lead to brain damage and death can now be identified earlier, thanks to a test developed by researchers from the University of Manchester in Britain.
 
 
Why Down syndrome leads to Alzheimer's disease
Down syndrome is characterized by an extra copy of chromosome 21, the most common chromosome abnormality in humans, and significantly lower levels of protein called sorting nexin 27 (SNX27).
 
 
 

Latest from the Network

Second MERS case reported in Qatar
Doha, Oct 23 (IANS) A 43-year-old man in Qatar has tested positive for Middle East Respiratory Syndrome (MERS) in the second confirmed case of the deadly virus in 10 days, media reported Thursday. The patient had...
Read more on Business Balla
 
Two people die in Pakistan bomb blast
Islamabad, Oct 23 (IANS) At least two people were killed and 12 others injured in an explosion that took place in Pakistan's Balochistan province Thursday, media reported. The bomb was planted on a motorcycle, Dawn...
Read more on Politics Balla
 
Trott extends contract with Warwickshire till 2017
London, Oct 23 (IANS) England batsman Jonathan Trott, whose mental issues led to his abrupt departure from last winter's Ashes tour, has confirmed his successful comeback to competitive cricket by signing a new three-...
Read more on Sport Balla
 
Srikanth, Kashyap big movers in BWF rankings
Kuala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest Badminton World Federation (BWF) rankings released Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Alvin Stardust dead
London, Oct 23 (IANS) English singer Alvin Stardust died after a short illness. He was 72. Stardust's manager confirmed the news about his demise Thursday, reports mirror.co.uk. He was recently diagnosed with...
Read more on Celebrity Balla
 
Indian man reunited with family after 40 years
Dubai, Oct 23 (IANS) An Indian man, who had disappeared from his hometown in Kerala nearly 40 years ago, has been found by his family at a hospital in Dubai in the UAE, a newspaper report said. Now in his 60s, Abdulla...
Read more on Politics Balla
 
Srikanth, Kashyap, Saina rise in world rankings
Kala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest released Badminton World Federation (BWF) rankings Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Flintoff signs for Big Bash side Brisbane Heat
Brisbane, Oct 23 (IANS) Former England captain and all-rounder Andrew Flintoff, who retired from international cricket in 2009, Wednesday confirmed that he will play for Brisbane Heat in the Big Bash League (BBL) this...
Read more on Sport Balla
 
OPEC daily basket price falls again
Vienna, Oct 23 (IANS/WAM) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.94 a barrel Wednesday compared to $82.09 Tuesday, the OPEC Secretariat said. The new OPEC...
Read more on Business Balla
 
Lopez to sign multi-million dollar deal?
Los Angeles, Oct 23 (IANS) Singer-actress Jennifer Lopez is reportedly in the final stages of securing a multi-million dollar deal to perform in Las Vegas. The 45-year-old is being offered $350,000 per show at The...
Read more on Celebrity Balla