Unlike other sectors, agriculture is highly affected by the timing of lockdown and not the duration.this is because,agric products have strict planting and harvesting calendar.if a planting season is missed,there will be no crop for the season and maybe the entire year
The price of rice has drastically increase due to the outbreak of Corona virus as importers rush to stockpile the grain while exporters curb shipment. According to the Thia rice exporters association,price of the 5% broken white rice rose to 12% from march 25.
The rise in price is due to the expectations of higher demand for thia rice after top exporters India and Vietnam both face export disruption of rice due to the covid19 outbreak.
In some countries,rice traders have stopped signing new export contract as Labour shortages and logistical disruption affects the delivery of existing contract as movement constraints and quarantine measures become widespread. At ANC Stock Investment Ltd we are looking forward to introduce ZIFAS’ Long Grain Rice
ANC Stock Investment Ltd Introducing ZIFAS’ RICE
One cannot blame countries for ensuring their domestic food security during this trying time, but countries need to be extra careful in taking unnecessary policy measures that could create panic in the market. Countries should be aware that enough grains exist in warehouses to feed the world for more than four months. But these grains are of no use if countries resort to trade restrictions. At ANC Stock Investment Ltd we are looking for ways to meet the need of the people. lets stand as one to fight against COVID-19
