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Asia rice:New season supplies rise in India; Vietnam rates drop

Synopsis Indian parboiled rice prices held steady this week due to strong African demand, counteracting pressure from new crop yields. Vietnamese prices fell on strong supplies, while Thai prices edged up slightly due to baht appreciation. The Indian rupee’s record low boosted exporter margins. Prices of parboiled rice exported from India held steady this week […]

Government’s rice export policy ‘selling a dream’, experts say

Thai Rice Exporters Association points out that only the high fees for documentation prevent farmers and SMEs from exporting their rice The Thai Rice Exporters Association (TREA) criticised the government’s policy to boost rice exports by allowing all farmers and SME traders to export products by themselves as unattainable. Prime Minister Paetongtarn Shinawatra announced the […]

Increased Customs tax prevents selling rice at controlled price: Importers

CHATURANGA PRADEEP SAMARAWICKRAMA Colombo, December 13 (Daily Mirror) -Even though the required stocks of rice have been imported into the country, releasing these stocks to the local market has been difficult due to an increase in Customs duty charged per kilogram, a rice importer said. An importer from the Pettah market in Colombo mentioned that […]