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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 […]

Korea cuts rice cultivation, boosts organic production and exports.

Government pushes for rice industry overhaul amidst growing organic focus. By Yun Hee-hun The government is planning to reduce rice cultivation area by 80,000 hectares (ha, 1 ha is 10,000 square meters) to prevent overproduction of rice. This area is about 300 times the size of Yeouido. The reduction will be allocated based on the […]

CAD announces reasonable rice market prices for Dec

Global New Light of Myanmar The Consumer Affairs Department under the Ministry of Commerce stated that reasonable market prices of rice for December have been announced, and non-compliance with that is subject to legal action.The Ministry of Commerce issued reasonable prices for all varieties such as non-premium rice (Aemahta, Ngasein, Sinthukha, Ngasein Yakyaw, Kayinma, Yadanatoe, […]

IRRI Eyes Stronger, Long-term Sustainable Rice And Climate Action Partnership With Thailand.

12 December 2024, Thailand: Leaders from the International Rice Research Institute (IRRI) met with Minister Narumon Pinyosinwat of the Thailand Ministry of Agriculture and Cooperatives (MOAC) to discuss advancing collaborative efforts in rice research and development. The IRRI delegation, led by Director General Dr. Yvonne Pinto, Asia Director Dr. Jongsoo Shin, and Country Representative Dr. […]

Imported rice stocks released to market

Stocks of rice imported by private importers have been released into the market. It is reported that the first consig of rice, which arrived in the country yesterday (11), has been cleared by Customs. On December 03, the Cabinet of Ministers approved the proposal to allow the import of rice without import control permits until […]

CAD announces reasonable rice market prices for Dec

Global New Light of Myanmar The Consumer Affairs Department under the Ministry of Commerce stated that reasonable market prices of rice for December have been announced, and non-compliance with that is subject to legal action.The Ministry of Commerce issued reasonable prices for all varieties such as non-premium rice (Aemahta, Ngasein, Sinthukha, Ngasein Yakyaw, Kayinma, Yadanatoe, […]

DA Secretary seeks NFA powers to stabilize rice prices

Agriculture Secretary Francisco P. Tiu Laurel Jr. called on lawmakers to restore the powers of the National Food Authority (NFA) to intervene in the rice market and stabilize prices. In a testimony before the “Murang Pagkain Super Committee” of the House of Representatives on Wednesday, spearheaded by Albay Rep. Joey Salceda, Secretary Tiu Laurel emphasized […]

Indonesia wheat, rice imports forecast to fall

By Arvin Donley JAKARTA, INDONESIA — Decreased wheat demand for feed use and increased rice production will lead to sharply reduced Indonesian imports in the 2024-25 marketing year, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. The agency sees the country’s wheat imports declining from last year’s […]

Tariff Commission wants 25% regulatory duty on rice bran oil export to ensure adequate supply

Besides, it recommended adding the “condition of approval of the Ministry of Commerce subject to the recommendation of the Commission before exporting all types of rice bran oil” The Trade and Tariff Commission has recently sent letters to the commerce ministry and the National Board of Revenue (NBR) seeking higher regulatory duty on the export […]