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…

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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…

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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…

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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…

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Indonesia open for rice imports to contain prices

Indonesia open for rice imports to contain prices

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…

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Pinoy rice farmers may lose $4B under tariff-free Asean

Pinoy rice farmers may lose $4B under tariff-free Asean

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…

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Rice exports beat low expectations in 2017

Rice exports beat low expectations in 2017

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…

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Malaysia to continue to import rice

Malaysia to continue to import rice

Malaysia will continue to depend on rice imports as the country’s production of the grain is nearly 30% short from the three million metric tonnes (MT) self sufficiency level (SSL). Agriculture and Agrobased Industry Minister Datuk Seri Ahmad Shabery Cheek said the industry is expected to narrow the SSL gap from 72% presently to 80%,…

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Jokowi Asking for 20 Percent of Malaysia Rice Import Quota

Jokowi Asking for 20 Percent of Malaysia Rice Import Quota

President Joko Widodo discussed Indonesia`s abundance of rice with Malaysian Prime Minister Najib Tun Razak on November 22 in Kuching, Malaysia. Jokowi is hopeful that 20 percent of Malaysia’s rice imports in 2018 come from Indonesia. “The President was asking for an [import] quota to the Malaysian PM of 20 percent of [rice] exports to…

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