Govt goes for bulk import as rice prices drop in international market. ANM Mohibub Uz Zaman When consumers are already grappled with soaring commodity prices, retail prices of all varieties of rice have jumped in kitchen markets, thanks to crop losses due to adverse weather conditions, including the recent floods. According to Shahzahan Talukder of […]
CHATURANGA PRADEEP SAMARAWICKRAMA Colombo, November 7 (Daily Mirror) – The Small and Medium Scale Rice Mill Owners’ Association claimed today that the growing rice shortage in the market is due to increased use of raw rice for beer production. They explained that Nadu paddy, used to make raw rice for brewing, is being diverted from […]
The Food Ministry has announced another tender for 50,000 tonnes set to open on November 18. By BL New Delhi Bureau In the first tender for the supply of 50,000 tonnes of parboiled rice floated by the Bangladesh government, which is likely to buy over 5 lakh tonnes (lt) in tranches, Pattabhi Agro Food of […]
As there is a glut-like situation in mandis, commission agents in Kotkapura have asked farmers not to bring basmati to grain markets for the next one week. Not enough space Let the paddy procured by agencies be lifted from mandis….Tribune News Service As there is a glut-like situation in mandis, commission agents in Kotkapura have […]
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 […]
Arrival of new crop in Pakistan, Myanmar add to the pressure on the market. By Subramani Ra Mancombu Rice prices in the global market have dropped by over 10 per cent over the past fortnight, mainly because of India lifting all curbs on exports and arrivals of new crops in Pakistan and Myanmar, traders said. […]
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 […]
In Sept alone, Pakistan exported 374,000 metric tons of rice, generating $257.2m in foreign exchange. Zaheer Ali Khan Pakistan has witnessed a significant rise in the demand for its rice in international markets, earning over $721.8 million in foreign exchange from rice exports during the first quarter of the current fiscal year. According to official […]
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 […]
