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Despite the further strengthening Thai baht, export prices of white rice declined 1 percent due to no new inquiries.
Korea continues to meet its mandatory import volume of 408,700 metric tons (MT) from Most Favored Nation (MFN) countries, with purchases of 138,610 MT (milled) from the United States in CY 2017.
On December 26, 2017, Korea issued an updated list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products....
Export prices further increased 3 to 5 percent due mainly to the demand for white rice from Indonesia.
MY2017/18 corn production is revised up to 5 million metric tons which is 4 percent lower than production in MY2016/17.
Export prices further increased 3 to 5 percent due mainly to the demand for white rice from the Indonesia government.
On January 19, 2018, the Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI) issued direction to allow the use of stickers for stamping fortification logos....
Commencing February 15, 2018, the Jordanian government is imposing a 20 percent sales tax on 164 items, mostly food and beverage products (including carbonated drinks)....
For marketing year (MY) 2017/18 (May to April), Post’s estimates for total rice area and production is lowered to 11.3 million hectares and 33.1 million tons (MMT) due to heavy and prolonged rain....
In an effort to tackle food price inflation, Turkey has implemented temporary tariff reductions on rice.
Jordan is replacing its bread subsidy program with targeted supports starting February 1, 2018.
The marketing year (MY) 2017/18 corn production estimate has been revised upward to 26.8 MMT, with harvested area estimated at 7.23 million hectares, reflecting official information....