Myanmar rice export hits record high in 60 years

Myanmar rice export hits record high in 60 years

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…

Read More
Cambodian Rice Body Faces Own Shortcomings

Cambodian Rice Body Faces Own Shortcomings

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…

Read More
Rice import from Thailand drops to 23192mt

Rice import from Thailand drops to 23192mt

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…

Read More
Auspicious start to Vietnamese rice export in 2018

Auspicious start to Vietnamese rice export in 2018

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…

Read More
VN’s FTAs: Boon or Bane?

VN’s FTAs: Boon or Bane?

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…

Read More
Indonesia – Rice production to surpass consumption through March: Agriculture Ministry

Indonesia – Rice production to surpass consumption through March: Agriculture Ministry

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…

Read More
EU countries move to limit rice imports from Cambodia

EU countries move to limit rice imports from Cambodia

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…

Read More
Impressive achievements in Vietnam’s exports in 2017

Impressive achievements in Vietnam’s exports in 2017

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…

Read More
Preparing rice farmers for stiff competition

Preparing rice farmers for stiff competition

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…

Read More