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Iraq update

16 / 05 / 2019

Iraq update

The USDA has forecast Iraqi milled rice imports in the 2018/19 marketing year (October – September) at 1.25 million MTS, up by 8.7% year-on-year due to reduced domestic production. Imports in...

Pakistan receives bailout from the IMF

14 / 05 / 2019

Pakistan receives bailout from the IMF

The International Monetary Fund (IMF) has provisionally given Pakistan a bailout worth US $6 billion, according to reports. The IMF has decided to give the bailout over three years to support the...

Mali update

07 / 05 / 2019

Mali update

The USDA has estimated Mali’s milled rice production in the 2018/19 marketing year (October – September) at 1.95 million MTS, up by 2.69% year-on-year. Output is forecast to rise further to 2...

India's High Court overturns Basmati GI certification limits

30 / 04 / 2019

India's High Court overturns Basmati GI certification limits

India’s High Court has overturned the Indian government’s decision to limit the Geographical Indication (GI) certification for Basmati production to seven Indian states, according to local...

WTO rules against China’s TRQs

23 / 04 / 2019

WTO rules against China’s TRQs

The World Trade Organization (WTO) has ruled that China’s Tariff Rate Quotas (TRQs) for rice, wheat and corn breach its international commitments, according to reports. The WTO concluded that...

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...

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....

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...