Bangladesh Sangbad Sangstha . Dhaka The National Board of Revenue has lifted all import and regulatory duties on rice to ensure food security and control prices for the common people. To this end, the revenue authority issued a Statutory Regulatory Order on Thursday. Earlier, the Directorate of Food submitted a report on the country’s overall […]
By Janine Alexis Miguel RICE imports as of late October have already exceeded the 2023 total, data from the Department of Agriculture (DA) showed. Inbound shipments of the staple totaled 3.67 million metric tons (MT) as of Oct. 24, the DA’s Bureau Plant Industry reported, surpassing the 3.61 million MT imported for the whole of […]
Việt Nam is set to export over 8.6 million tonnes of rice in 2024 while also ranking as the third-largest importer globally. Meanwhile, the Southeast Asian country has also become a major importer of rice, ranking third after Indonesia and the Philippines, according to the latest forecast by the US Department of Agriculture. Data from […]
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 […]
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 […]
Indonesia is the largest importer of Myanmar’s rice, with over 210,000 tonnes in the first half of the current financial year 2024-2025, beginning 1 April, according to the Myanmar Rice Federation (MRF).Myanmar conveyed over 217,600 tonnes of rice and broken rice to Indonesia, over 209,000 tonnes to China, over 162,900 tonnes to Belgium, over 72,600 […]
After an increase in July-August, rice prices are rising again. Within a week, prices of various types of rice have increased by Tk 2 to 4 per kg. Some traders say the price is rising due to floods, while others blame a syndicate for manipulating the market. They are advising raids on warehouses. In response, […]
TBS Report In order to increase the supply of rice in the market, the government has cut import duty on rice by 37%. According to a gazette notification issued by the Ministry of Finance today (20 October), the existing customs duty on rice has been reduced from 25% to 15% and the existing regulatory duty […]
Rice price expected to drop by Tk14.40 per kilogram. The government has reduced import duty and regulatory duty on the import of rice alongside withdrawing advance tax to keep the price of rice within the purchasing power of the general public. The National Board of Revenue (NBR) issued a gazette notification in this regard on […]
By: Jordeene B. Lagare The Philippines is expected to import more rice this year and next, remaining as the world’s top importer of this staple food as the El Niño, La Niña and recent typhoons have curbed local production. In its latest Grain: World Markets and Trade report, the US Department of Agriculture’s Foreign Agricultural […]
