Arab Today, arab today india overtakes thailand as biggest rice supplier to singapore
Last Updated : GMT 10:47:46
Arab Today, arab today
Arab Today, arab today

India overtakes Thailand as biggest rice supplier to Singapore

Arab Today, arab today

Arab Today, arab today India overtakes Thailand as biggest rice supplier to Singapore

Singapore - XINHUA

Trade statistics showed that India has overtaken Thailand as the biggest rice supplier to Singapore, a local newspaper reported on Saturday. Statistics from trade promotion agency International Enterprise Singapore showed that Singapore imported 92,865 tons, or 32.9 percent, of its total demand for rice from India between January and August this year, making India the top supplier, the Straits Times said. Thailand was second at 85,816 tons over the same period, or 30. 4 percent of the total. Thailand had been the top source of the staple in the island country 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 Ministry of Trade and Industry 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 ninefold 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. \"Singaporeans are eating less rice and more dishes these days so they are less fussy about their rice,\" said Chia Bee Luan, assistant vice-president at Topseller.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india overtakes thailand as biggest rice supplier to singapore Arab Today, arab today india overtakes thailand as biggest rice supplier to singapore

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced

GMT 05:29 2017 Tuesday ,21 February

Sovereign funds pulled $38bn from markets in 2016

GMT 05:15 2017 Tuesday ,21 February

Gold firms as markets await Trump tax plans

GMT 04:58 2017 Tuesday ,21 February

EU, IMF in ‘common position’ on Greece crisis
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday