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Iran’s GTC cancels Indian Basmati tender

16 / 08 / 2019

Iran’s GTC cancels Indian Basmati tender

Iran’s Government Trading Corporation (GTC) cancelled its 13 August tender for a minimum of 20,000 MTS of Indian 1121 Basmati, according to market participants. The GTC is likely to re-issue the...

Malaysia update

15 / 08 / 2019

Malaysia update

The FAO has estimated Malaysia’s 2019 paddy production at 2.81 million MTS, down by 0.32% year-on-year but 2.48% above the five-year average. Planted area was largely unchanged year-on-year, while...

Indonesia update

15 / 08 / 2019

Indonesia update

According to the FAO, harvesting of Indonesia’s 2019 main crop concluded in April; this crop accounts for 45% of total production and output was estimated at a near-average level. Harvesting of the...

Brazil imports and exports update

13 / 08 / 2019

Brazil imports and exports update

Brazil imported a total of 116,002 MTS (paddy equivalent) in July, up by 19.8% from June, according to IRGA. Paraguay was Brazil’s main supplier (72,165 MTS), followed by Argentina (30,454 MTS) and...

Peru's government updates rice import levies

12 / 08 / 2019

Peru's government updates rice import levies

According to local reports, the Peruvian Ministry of Economy and Finance has reduced its variable import levies from US $93 PMT to US $84 PMT for milled rice and from US $65 PMT to US $59 PMT for...

Ecuador update

09 / 08 / 2019

Ecuador update

The FAO has forecast Ecuador's 2019 paddy production at 1.08 million MTS, down by 0.28% year-on-year and 11.2% below the five-year average. Harvesting of the 2019 main crop (which accounts for...

AARQ tender results

06 / 08 / 2019

AARQ tender results

The Association for the Administration of Rice Quotas has awarded 680 MTS of Tariff Rate Quota licences to import U.S. semi-milled or milled rice into the E.U. in its auction for the September 2019...

AMIS releases Market Monitor update

04 / 07 / 2019

AMIS releases Market Monitor update

The Agricultural Market Information System (AMIS) has released its latest forecast for world supply and demand. AMIS has forecast 2019/20 global milled rice production at 516.3 million MTS, a 0.29%...

E.U. to allow duty-free imports from Vietnam

26 / 06 / 2019

E.U. to allow duty-free imports from Vietnam

The E.U. Commission is expected to sign a Free Trade Agreement (FTA) with Vietnam to facilitate the duty-free import of a total of 80,000 MTS of rice annually through Tariff Rate Quotas, according to...

Col-Rice auction results

18 / 06 / 2019

Col-Rice auction results

Col-Rice has awarded the full 15,628 MTS (milled equivalent) of Tariff Rate Quota import licences in its 6 June auction. The lowest winning bid was US $86.11 PMT (down from US $120 PMT in its 28...