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Approximately 8,000 MT of Imported Rice Released into the Market

COLOMBO (News 1st) – Minister of Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe said that nearly 8,000 metric tons of imported rice have been released into the market. The rice, that had been imported through open tenders was distributed to meet market demand. The Minister assured that all departments have been instructed to […]

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 […]

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, […]

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, […]

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 […]

Hun Sen suggests Saudis invest in Kingdom’s rice industry

Hun Sen, president of the Cambodian Senate, has urged Saudi Arabia to purchase rice from Cambodia and encourage Saudi investors to invest in Cambodia’s rice production sector, particularly in processing and exporting rice to Saudi Arabia. During the first 11 months of 2024, Cambodia exported more than 7,000 tonnes of rice to the Gulf nation. […]

NEDA official admits tariff cut did not drive down rice prices.

Iya Gozum The Philippines continues to grapple with high rice prices despite lower global prices, landed costs, and the tariff reduction the government implemented last July. Is there a rice cartel? MANILA, Philippines – Lower tariffs, among other factors, have not translated to lower rice prices, a National Economic and Development Authority (NEDA) official said […]