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Vietnamese rice exporter rejects ‘price inflation’ allegation amid corruption scam in Indonesia

A farmer works on a rice paddy field in central Quang Ngai Province, Vietnam. Photo by Reuters Vietnamese exporter Tan Long Group has refuted an allegation by an Indonesian civil society organization that it sold rice to that country at much higher than market prices. The People’s Democracy Study (SDR) recently complained to an Indonesian […]

Finance Minister praises REAP for boosting rice exports to $8bn

July 11, 2024 (MLN): Finance Minister Muhammad Aurangzeb yesterday appreciated the Rice Exporters Association of Pakistan (REAP) for their role in the bumper production and export of rice, which has raised the overall export volume to $8 billion. During the meeting, representatives from REAP thanked the Finance Minister and briefed him on the growth of […]

Rice cultivated on 3,000 hectares in Balkh this year

MAZAR-I-SHARIF (Pajhwok): Rice crop has been cultivate on about 3,000 hectares of land, 10 percent up compared to last year, in northern Balkh province, officials said on Thursday. Agriculture, Irrigation and Livestock director Mohammad Hussain Azimi told Pajhwok Afghan News rice was cultivated in Sholgara, Kishindi, Kaldar and Shor Tepa districts on 3,000 hectares of […]

After flour, advance and withholding tax imposed on rice sale

The tax amount will be deposited in the return file of the income tax filer After flour, the government has imposed advance and withholding tax on the sale of rice to be collected from distributors or dealers. The tax will be collected from the manufacturer and the commercial importer as per Section 236-G, 236-H. As […]

Asia rice: Vietnam, Thai rates dip as eyes turn to India rice export policy

Rice export prices from Vietnam slipped to their lowest levels in a year, and Thai rates also dropped this week amid lacklustre demand, as markets awaited potential easing of restrictions by top exporter India. Vietnam’s 5% broken rice was offered at $565-$570 per metric ton on Thursday, its lowest since July 27, 2023 and down […]