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Argentina reduces export tax

11 / 07 / 2019

Argentina reduces export tax

The Argentine government has reduced its export tax on commodities including rice from ARS 4 for every US $1 of the export price to ARS 3. Based on our assessment of Argentine 5% broken white rice at...

India approves paddy MSP increase for 2019/20 Kharif crop

03 / 07 / 2019

India approves paddy MSP increase for 2019/20 Kharif crop

The Indian government will raise its Minimum Support Price (MSP) for common paddy from the 2019/20 Kharif crop by 4.86% year-on-year to INR 1,835 per quintal (US $266.49 PMT), following approval from...

E.U. and Mercosur reach trade agreement

01 / 07 / 2019

E.U. and Mercosur reach trade agreement

The E.U. and Mercosur reached a comprehensive trade deal on Friday (28 June) after 20 years of negotiations. The text of the deal has not yet been released, but market participants in Mercosur widely...

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,...

Bangladesh increases rice import duties

22 / 05 / 2019

Bangladesh increases rice import duties

Bangladesh’s National Board of Revenue (NBR) has increased its regulatory duty on rice imports from 3% to 25%, effective from 22 May, in an attempt to support farmers and combat falling rice...

China raises tariffs on U.S. imports

20 / 05 / 2019

China raises tariffs on U.S. imports

According to the USDA, China will raise import tariffs on more than 300 U.S. products on 1 June 2019 in response to the U.S. government’s decision to raise import tariffs on Chinese goods worth US...

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...

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...