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December 20, 2023

Access to rice market information is vital for the supply chain

December 20, 2023 - On Tuesday 19 December, the International Grains Council (IGC) and the Institute for the Development of Agricultural Cooperation in Asia (IDACA), with support from the Government of Japan, held a workshop in Bangkok, Thailand to discuss the results of a survey that collected grains market information from actors throughout the rice supply chain.


As the G7 Presidency this year, the Government of Japan has prioritised food security as an issue of concerns. The government of Japan is supporting the IGC in strengthening its efforts to collect and analyse access to the market information through the supply chain in remote areas. This study on food security's bottlenecks in Asia and other regions is part of Japan's contribution to the project to improve food security.

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Amid efforts to boost the resilience of global food markets to shocks, and in order to improve understanding of access to market information for stakeholders throughout the rice supply-chain in Asia, Africa and Oceania, including producers, cooperatives, traders, processors and consumers, the IGC and IDACA conducted a survey of market participants, from organisations active in the rice supply chain. Moreover, the survey attempted to gauge different participants' reactions to the market changes and to understand the main opportunities and challenges faced. The results were discussed with respondents at the workshop in Bangkok, hosted by the Kasetsart University, with further work to follow, including on other grains such as maize and wheat.


Against the backdrop of high levels of volatility in grains and oilseeds over recent seasons, global rice markets have also seen elevated levels of instability, with international prices surging to a 15 year high. Such price movements, and associated market uncertainty, can cause challenges throughout the supply chain, particularly to market participants who may not have adequate access to market information, such as those in rural areas.

For more information, visit HERE.

The Global Miller
This blog is maintained by The Global Miller staff and is supported by the magazine Milling and Grain
which is published by Perendale Publishers Limited.

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