Sri Lanka’s consumer protection agency, Consumer Affairs Authority (CAA) today issued Maximum Retail Price (MRP) order for three varieties of rice to arrest escalating prices in the domestic rice market while the minister in-charge issued a stern warning to errant traders across the country. The MRP order is effective February 8th – the same date… Read More »
The Health Ministry said today Malaysia does not import fake rice as alleged in a recent viral social media report. Director-General of Health Datuk Dr Noor Hisham Abdullah said this was verified by Padiberas Nasional Berhad (Bernas). Furthermore, monitoring by the ministry found that three brands of rice said to have been produced from plastic… Read More »
The government has amended tariffs for importing rice by reducing it from the previous 40% to 26%, Trade Promotion Organization of Iran announced. It was announced on January 21 that the rate would stand at 5% following a series of tariff cuts on a list of agro-food products. Based on the new regulation, tariffs on… Read More »
Rice prices in India rose on a revival in demand from African and Asian buyers while markets in Thailand and Vietnam remained quiet, traders said on Wednesday. India, the world’s biggest rice exporter, saw its 5-percent broken parboiled rice quoted at $346-$350 per tonne this week, up from $341-$345 last Wednesday. The rise in prices… Read More »
Prime Minister Prayut Chan-o-cha wants all existing state rice stocks to be disposed of within this year. Wiboonlasana Ruamraksa, permanent secretary for commerce, said Gen Prayut, who chaired the national rice policy committee’s meeting yesterday, has ordered officials handling state rice sales to clear the entire 8 million tonnes of rice in the stockpiles within… Read More »
Rice prices in India fell due to ample supply and recent slide in the rupee, while the Thai and Vietnamese markets remained subdued in the first week of the new year, traders said on Wednesday. In India, the world’s biggest rice exporter, 5-percent broken parboiled rice dropped $2 this week to $341 to $345 per… Read More »
The National Food Authority (NFA) said it has approved the request of 210 traders to import rice, which would come in at a higher duty under the minimum access volume (MAV) scheme. As of December 21, 2016, the NFA has allowed 210 farmers’ organizations and private firms to import 692,340 metric tons (MT) of rice,… Read More »
Rice export prices in Vietnam widened this week while prices in Thailand were flat in a quiet market ahead of Christmas and New Year holidays, traders said on Wednesday. The prices of Vietnam’s 5-percent broken rice widened to $335-$350 a tonne, FOB basis from $338-$340 a week earlier. “The market is quiet and we have… Read More »
Rice export prices in India and Thailand dropped this week on thin demand while prices edged up in Vietnam on Philippines’ purchase plan amid a slowing harvest, traders said on Wednesday. Vietnam’s 5-percent broken rice prices edged up to $338-$340 a tonne, FOB basis, from $335-$340 a week ago, traders said. “Prices recovered a little… Read More »
Rice export prices in India and Vietnam weakened this week on thin demand, but still failed to attract buyers, while prices widened in Thailand during a slowing harvest, traders said on Wednesday. India’s 5-percent broken parboiled rice prices dropped $1 this week to $347-$351 per tonne, free-on-board (FOB) basis, due to sluggish demand from African… Read More »