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Rice supply sufficient in the Philippines

27 / 03 / 2020

Rice supply sufficient in the Philippines

According to the head of the Agriculture Ministry cited in local reports, the Philippines has enough rice to cover domestic consumption until June. According to the Philippine Statistics Authority,...

Indian government imposes nationwide lockdown

25 / 03 / 2020

Indian government imposes nationwide lockdown

The Indian government imposed a nationwide lockdown as of 12am local time today (25 March) to stall the spread of the coronavirus, according to reports. The lockdown will last until 14 April and some...

Indian Rupee depreciates to record low against U.S. Dollar and lockdowns imposed

23 / 03 / 2020

Indian Rupee depreciates to record low against U.S. Dollar and lockdowns imposed

The Indian Rupee depreciated to a record low of INR 76.15 against the U.S. Dollar today (23 March), due to concerns about the economic impact of a sharp increase in the number of coronavirus cases in...

Italy: Coronavirus update

09 / 03 / 2020

Italy: Coronavirus update

According to Italian rice millers on Monday (9 March), rice collections and shipments are continuing as normal after the Italian government announced drastic measures to contain the coronavirus...

Argentina lowers rice export tax

05 / 03 / 2020

Argentina lowers rice export tax

The Argentine government has lowered its export taxes on rice and paddy, according to participants. The export tax on white and brown rice has been lowered from 9% to 5%, while the 12% tax on paddy...

Thailand drought update

27 / 02 / 2020

Thailand drought update

According to the USDA citing the Thai Royal Irrigation Department and the Thai Ministry of Agriculture, Thai 2020 off-season rice production is forecast to decline by 40% year-on-year due to the...

Argentina raises rice export tax

18 / 12 / 2019

Argentina raises rice export tax

The Argentine government has introduced a 9% export tax on white and brown rice and a 12% tax on paddy, according to the government gazette published on 14 December. This is an increase from the...

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...

Bangladesh lifts rice export ban

30 / 05 / 2019

Bangladesh lifts rice export ban

The Bangladeshi government lifted its rice export ban today, according to reports citing the Agriculture Minister. This follows an increase in the National Board of Revenue's regulatory duty on rice...

Turkey lowers import tariff on U.S. rice

28 / 05 / 2019

Turkey lowers import tariff on U.S. rice

According to the USDA, the Turkish government has lowered its additional import tariff on U.S. milled rice to 25%, down from 50%. This, in addition to the 45% tariff on milled rice from any origin,...