Myanmar’s rice export this financial year has reached a record high in over 60 years, said Sai Kyaw, central executive committee member of Myanmar Rice Federation. Currently, Myanmar exports rice to more than 50 countries and nearly 3 million tons have been exported this fiscal year. In the previous years, a maximum of 1.8 million…
In a startlingly frank report last month, The Cambodian Rice Federation (CRF) warned the country’s entire export market could be destroyed by the scourge of rice smuggling. The report, which detailed a laundry list of problems within the CRF itself and the sector as a whole, provides a window into the deep dysfunction and fragility…
Against the backdrop of the Central Bank of Nigeria’s policy of zero allocation of dollars for the importation of 41 items, including rice; import of rice from Thailand to Nigeria dropped from 1.23 million metric tonnes in 2014 to 23,192 metric tonnes as at November 2017. According to data on the Thai Rice Exporters Association…
The Ministry of Trade of Indonesia has recently approved the import of 500,000 tonnes of rice from Thailand and Vietnam to fix the insufficient rice supply and price hike in the domestic market. Average-grade rice in Indonesia is currently sold at 14,100 rupiah per kilogramme, a far cry from the regulated floor price of 9,450…
Indonesia will import 500,000 tonnes of rice from Việt Nam and Thailand to contain rice price hikes and declining supply in the local market. The imported rice will be of premium quality, not grown in Indonesia; so it will not affect local farmers and rice production, said Indonesian Minister of Trade Enggartiasto Lukita. The country’s…
As 2018 brings newer and bigger free trade agreements (FTAs), Vietnamese enterprises are faced with tough choices. They can either adapt and move up the global supply chain, or stand by while imported goods flood the country’s market. Trần Thanh Hải, Deputy Director of the Ministry of Industry and Trade’s (MoIT) Import-Export Department, told Vietnam…
