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.
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.
THE DAYS are numbered for agriculture’s last single-desk commodity arrangements after the New South Wales Government yesterday announced plans to end rice vesting by 2025.
THE government should abandon a plan to lower tariffs on rice imports as it will cost farmers billions of pesos in losses, an agricultural association said.
The NSW Government announced it will introduce a Bill to the State Parliament to end statutory rice export marketing (‘vesting’) arrangements by 1 July 2025.
MANILA, Philippines — A ranking official of the Department of Agriculture (DA) has given assurance of enough rice supply and stable price of the grains even when the Federation of Free Farmers (FFF) questioned the alleged discrepancies in data issued by the Philippine Statistics Authority (PSA).
DHAKA, May 26, 2024 (BSS) - The parliamentary standing committee on the Ministry of Food today informed that no rice was imported in the 2023–24 fiscal, as the country fulfilled its demand through locally-produced rice.
ISLAMABAD: In recent years, Pakistan has emerged as one of the leading exporters of coarse rice globally, rebounding from the setbacks of the 2022 floods and benefiting from upward revisions in Minimum Export Prices (MEPs) by the Ministry of Commerce.
NEW DELHI (AP) — Bangladesh evacuated nearly 800,000 people from vulnerable areas on Sunday as the country and neighboring India awaited the arrival of a severe cyclone that has formed over the Bay of Bengal.
India’s rice export prices edged higher this week as buyers opted for the relatively cheaper offers from the top exporter, while Thai rates hovered near the three-month peak as demand from Indonesia and domestic activity remained firm.
© Copyright 2023 The SSResource Media.
All rights reserved.