The commission’s report notes that, due to a potential rice shortage, the government lowered the import duty from 62.5% to 25% on 20 October. The Bangladesh Trade and Tariff Commission has recommended the complete removal of the current 25% import duty on rice to enable lower-cost imports, citing high global rice prices. According to the […]
Punjab is India’s largest source of rice for PDS. A severe storage crunch there leading to delayed procurement of the current harvest is distortionary. The immediate solution is to quickly move rice procured last year from Punjab’s godowns while hiring more storage space. The long-term solution is to find ways to push some farmers in […]
Farmers and millers had alleged delay in procurement of paddy in the State by the Food Corporation of India (FCI). The Hindu Bureau A day after the Union government promised seamless procurement of paddy and custom milled rice (CMR) in Punjab, the Consumer Affairs Ministry on Monday (October 28, 2024) launched a portal to address […]
Manila, Oct. 29 (CNA) Taiwan donated 500 metric tons of rice to the Philippines in the wake of recent destruction caused by Tropical Storm Trami and Typhoon Gaemi in late July, at a ceremony held in the city of Makati on Tuesday. Wallace Chow (周民淦), head of the Taipei Economic and Cultural Office (TECO) in […]
Ministry of Food plans to propose lowering tariff to 5%. It has been over a week since the government allowed private imports of rice with reduced tariffs to alleviate consumer discomfort from soaring local rice prices, yet traders have shown little interest in importing. The primary concern remains the import cost, which exceeds Tk65 per […]
No Vietnamese rice is named in the list of the grain seized by Swedish authorities on suspicion of quality fraud, according to the Vietnam Trade Office in the European country. Hanoi (VNA) – No Vietnamese rice is named in the list of the grain seized by Swedish authorities on suspicion of quality fraud, according to […]
Hyderabad: The state govt has decided to make bank guarantee mandatory for millers to prevent them from selling the paddy given to them for custom milling.The state cabinet meeting two days ago approved the bank guarantee clause for rice millers. This was earlier opposed by millers during talks with officials and later with the cabinet […]
