The Agriculture Ministry has said it expects rice production to exceed projected consumption in January, February and March, as the harvest season had commenced across the country. The head of the ministry’s food security agency, Agung Hendriadi, said in a statement released on Thursday that rice stocks would reach 2.8 million tons in January, followed by 5.4 million tons in…
taly, along with six other European Union countries, has filed a fresh request to European Commission to limit the volume of rice imported from the Kingdom by activating a “safeguard clause” that allows EU member states to impose barriers to protect against trade imbalances. The Italian government submitted an official request to the European Commission…
According to the Ministry of Industry and Trade, phones and phone parts are Vietnam’s biggest export earner: about US$39 billion this year, trailed by garments and textiles (US$25 billion) and electronics, computers, and accessories (US$22 billion). The exports of footwear, aquatic products, fruits, and vegetables soared this year. The growth is mostly due to Vietnam’s…
A study published recently by the Organisation for Economic Co-operation and Development (OECD) warned that Filipino farmers face the prospect of losing as much as $4 billion (or P200 billion) in income with the scrapping of tariff in Asean. The study, titled “Market implications of the integration scenario of Southeast Asian rice markets,” looked at the…
The Indonesian government has responded to the continuous rise in the price of medium-grade rice by announcing the import of 500 thousand tons of rice from Vietnam and Thailand by the end of January this year. According to the Central Statistics Agency (BPS), the average price of medium-grade rice at the mills in December 2017…
The Trade Ministry says it is open to rice imports to bolster stocks, as prices have increased in recent weeks. “The option for imports is open, but it is only for premium-quality rice, so that it will not harm our farmers and rice production,” said Trade Minister Enggartiasto Lukita in Jakarta on Wednesday. Previously, Vice…
Filipino farmers could incur losses of as much as $4 billion under a zero rice-tariff trade regime within the Asean, according to a recent study of the Organisation for Economic Co-operation and Development (OECD). In the study, titled “Market implications of the integration scenario of Southeast Asian rice markets,” authors Gen Furuhashi and Hubertus Gay…
According to the Ministry of Industry and Trade, the level of rice exports in December was estimated at around 400,000 to 450,000 tonnes, bringing the total export volume for the entire year to 5.9 to 6 million tonnes, over 1 million tonnes higher than last year’s figure. A recent update from the General Department of…
