Vietnam is rapidly increasing rice imports as global prices hit a low point, making October’s import bill nearly 3.3 times higher than last year’s. Preliminary statistics from the General Department of Customs show that in October, Vietnam exported 0.8 million tons of rice, generating $505 million. This represents a 29% increase in volume and a […]
Reuters HAMBURG: Bangladesh’s state grains buyer has issued an international tender to purchase 50,000 metric tons of rice, traders said on Tuesday. The deadline for submission of price offers is Nov. 18. A previous tender from Bangladesh for 50,000 tons of rice closed on Monday with rice from India offered at the lowest price with […]
Alfida Rizky Febrianna Jakarta. Indonesia is planning to import 1 million tons of rice no later than end-2024, according to Chief Food Affairs Minister Zulkifli Hasan on Monday. The minister said the soon-to-be-imported rice was not a new order. They are part of the 3.6 million tons of rice that the government wants to import […]
Oluwatosin Ogunjuyigbe The average price of imported high-quality loose rice has risen dramatically by 144.77 per cent over the past year, while the Federal Government delayed implementing its duty-free food policy. This information comes from the selected food prices report published by the National Bureau of Statistics. In July 2024, the Federal Government announced a […]
By Janine Alexis Miguel RICE production likely fell in the third quarter due to a series of storms that hit the country over the July-September period, the Department of Agriculture (DA) said on Monday. Agriculture Assistant Secretary and spokesman Arnel de Mesa told reporters that output remained constrained by the impact of the El Niño […]
Synopsis Bangladesh received a lowest offer of $477 per tonne for 50,000 tonnes of rice from India in a tender aimed at securing supplies after devastating floods. While the offer is under consideration, the government plans to import a total of 500,000 tonnes and allow private imports to combat soaring food prices. The lowest price […]
The NBR reduced the import tax on rice from 62.5% to 2% through two separate statutory regulatory orders (SROs) on 20 October and 31 October. The National Board of Revenue (NBR) expressed optimism that reducing the import duty on rice from 62% to 2% in two phases will lower the cost of rice import by […]
Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines’ total rice imports, according to the Vietnam Trade Office in the Philippines. Hanoi (VNA) – Vietnam continues to assert its dominance as the top rice […]
To bolster food security and ensure that rice remains accessible to the general population, the National Board of Revenue (NBR) has announced withdrawal of import duty and regulatory duty on rice. The announcement was made from the NBR’s headquarters. This initiative aims to increase the supply of rice in the market, thereby keeping prices within […]
Indonesia is considering the import of 1 million tonnes of rice from India next year to ensure supply until its main harvest, Coordinating Minister for Food Affairs Zulkifli Hasan has said. Hanoi (VNA) – Indonesia is considering the import of 1 million tonnes of rice from India next year to ensure supply until its main […]
