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India's export subsidy to expire on 25 March

15 / 03 / 2019

India's export subsidy to expire on 25 March

Indian government officials held a meeting today (15 March), which included discussions about the 5% export subsidy scheme introduced on 26 November 2018, according to market participants. As the...

UK House of Commons rejects Brexit deal

13 / 03 / 2019

UK House of Commons rejects Brexit deal

The UK House of Commons rejected the Brexit deal agreed between the British government and the E.U. for a second time yesterday (12 March), with only 16 days before the UK is due to leave the E.U....

Philippines’ NFA to be stripped of rice import role

04 / 03 / 2019

Philippines’ NFA to be stripped of rice import role

As of tomorrow (5 March), the Philippines’ National Food Authority (NFA) will have no role in the international rice trade or the regulation of the domestic rice industry due to the enactment of...

Philippines: Rice tariffication bill passed into law

18 / 02 / 2019

Philippines: Rice tariffication bill passed into law

The President of the Philippines has signed a bill into law that converts the country’s quantitative restriction on rice imports into tariffs. Under the act, the tariff for rice imported from ASEAN...

Peru updates rice import levy

11 / 02 / 2019

Peru updates rice import levy

The LRI understands that the Peruvian Ministry of Economy and Finance has increased its variable import levy from US $92 PMT to US $93 PMT for milled rice and from US $64 PMT to US $65 PMT for paddy....

Central Bank of Thailand leaves benchmark interest rate unchanged

06 / 02 / 2019

Central Bank of Thailand leaves benchmark interest rate unchanged

The Central Bank of Thailand has left its benchmark interest rate unchanged due to subdued inflation and a strong Baht in a widely expected decision, according to reports. The Monetary Policy...

Cambodia exports update

16 / 01 / 2019

Cambodia exports update

The Cambodian Rice Federation has estimated Cambodian 2018 milled rice exports at 626,225 MTS, down by 1.49% year-on-year but up by 16.3% from 2015. The highest volume of exports was in December...

E.U. re-imposes tariffs on Myanmar and Cambodian long grain

16 / 01 / 2019

E.U. re-imposes tariffs on Myanmar and Cambodian long grain

The LRI understands that the E.U. Commission (EC) will re-impose import tariffs on Myanmar and Cambodian whole and long grain milled rice over a three-year period from 18 January. The tariffs will be...

Peru updates rice import levy

13 / 12 / 2018

Peru updates rice import levy

The LRI understands that the Peruvian Ministry of Economy and Finance has updated its variable import levy to US $92 PMT for milled rice and US $64 PMT for paddy. The reference price of rice now...