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SERDANG: The government will finalise the revision of the price ceiling for local white rice by October, says agriculture and food security minister Mohamad Sabu.

MANILA, Philippines — The country’s rice imports expanded by over a quarter to more than two million metric tons (MT) from January to May compared to last year’s level, according to the Bureau of Plant Industry (BPI).

The time period for export of Broken rice to Senegal and Gambia for the quantity has been further extended for 6 months, till 30th November 2024

China's first food security law aimed at achieving "absolute self-sufficiency" in staple grains came into effect on Saturday, reinforcing efforts by the world's biggest agriculture importer to lower its reliance on overseas purchases. 

In what could boost grain supplies in the market, the new central government will focus on liquidating the huge surplus of rice stocks held with the Food Corporation of India (FCI) ahead of the new paddy procurement season (2024-25) scheduled to commence on October 1.

MANILA, Philippines — President Ferdinand Marcos Jr.’s approval of the reduced tariff rates for certain basic products would not result in a deluge of imported rice, House of Representatives Speaker Ferdinand Martin Romualdez said on Thursday.

(VAN) Minister of Industry and Trade Nguyen Hong Dien addressed questions from delegates regarding the revision of Decree No. 107, which pertains to the export and trading of rice and was published in 2018.

THE Department of Agriculture (DA) hopes that the reduction of rice tariff to 15 percent would drive down retail prices of the country’s staple, but a large farmers group called it a “death blow” to the country’s rice farmers.

Bengaluru/Mumbai/Bangkok/Hanoi/Bangladesh: Rice export prices from Vietnam were weaker this week, pressured by growing supplies from the ongoing harvest, while rates for the Indian variety rose as dwindling supplies were met by increased interest from major importers.

India e-tender 40.000MT broken WR to Senegal - 11Jun2024

MANILA, Philippines — To bring down the price of rice to P29 per kilo, President Marcos has lowered the tariff for imported rice until 2028, according to Socioeconomic Planning Secretary Arsenio Balisacan.

MANILA -- The Philippines, the world's top rice importer, is moving to cut tariffs on the staple food from 35% to 15% through 2028 to ease the country's inflation woes. But analysts worry the move could benefit foreign producers such as Vietnam and leave Filipino farmers struggling to compete.

The National Economic and Development Authority (NEDA) on Tuesday approved the reduction of rice's duty rate to 15% for both in-quota and out-quota rates until 2028, Secretary Arsenio Balisacan said on Tuesday. 

THE Philippines' rice imports reached nearly 2.0 million metric tons (MT) in the first five months of the year, higher compared to last year's level, data from the Bureau of Plant Industry (BPI) showed.

MANILA, Philippines — The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) supports the suggestion of Finance Secretary Ralph Recto to further lower the tariff on rice from the current 35 percent.

BENGALURU/MUMBAI/BANGKOK/HANOI AND BANGLADESH: Prices of rice exported from Thailand and Vietnam edged lower this week due to lower demand and rising supplies, while India rates held steady amid firm demand from African countries.

MANILA, Philippines — The Department of Finance (DOF) wants to slash tariffs on rice imports further below 35 percent to pull down retail prices of the staple, which have been putting pressure on the country’s inflation print.