Vietnam rice sellers lowered their quotes for 5% broken rice, 25% broken rice and 100% broken rice by about $5 per ton each today. India rice sellers lowered their quotes for parboiled rice by about $5 per ton. Other Asia rice sellers kept their quotes mostly unchanged today. Continue reading
Thailand’s Commerce Ministry is reportedly negotiating with the governments of Malaysia, Indonesia, Philippines as well as African and Middle East countries to secure government-to-government (G2G) deals to sell an additional 900,000 to one million tons of rice this year. Continue reading
A study titled ‘Improving Rice Production and Commercialization in Cambodia’ by the Asia Development Bank (ADB) has found that Cambodia’s rice sector is plagued by lack of efficient irrigation systems, domestic milling facilities and uncertified farm lands. Continue reading
ISLAMABAD: Federal Commerce Minister Khurram Dastagir Khan informed the Senate here on Thursday that Pakistan’s exports of eight products will witness a substantial increase in the current calendar year owing to zero-duty access to the European markets.
These eight products are: ethyl alcohol, carpets, plastics, footwear, leather, non-value added textile, home textiles and textile garments. Continue reading
LAHORE: Pakistan can cope challenges of soaring energy needs by using renewable energy sources, Dr Cyrill Jean Nunn Ambassador of Germany to Pakistan said. Continue reading
The U.S. cash market was weaker today after it was reported that the Iraqi Grain Board asked for an extension for their latest tender until Thursday, November 6. Continue reading
The government has sued another one of the country’s top five rice importers for smuggling.
In a statement, the Bureau of Customs (BOC) said it filed criminal complaints before the Department of Justice against Intercontinental Grains International Trading Inc. Continue reading
Rice importers in the country paid about N23.1bn as duty on the produce in the first nine months of the year.
Statistics obtained by our correspondent from the Tin Can Island Customs office showed that N7.92bn was paid on rice imports at seaports in the same period of 2013, thus showing an increase of N15.21bn or 191 per cent this year. Continue reading
COMPANIES’ IMPORTS of urea — a nitrogen fertilizer also used as an ingredient for various consumer goods — were featured in the Finance department’s latest Tax Watch advertisement as the agency noted varying price declarations of importers of the product.
Urea, the world’s most commonly used nitrogen fertilizer, is used in cigarettes, dish soaps, hair conditioners, toothpaste and livestock feed. Continue reading
LAUNCESTON, Australia, Oct 31 (Reuters) – Two things have become clearer from the Thai military government’s review of the nation’s massive rice stockpile. Firstly, rice prices will remain depressed for some time yet, and secondly, the situation isn’t as dire as it could have been. Continue reading