Rice

Export prices of Thailand rice fall this week.

Pakistan Nov-May rice exports down 26.3% on year.

Govt procures 38.6 mln tn rice so far in year to Sep, up 13.5% on yr.

GST hits sales of registred branded rice in Bengaluru.

Pakistan agrees to provide 25,000 MT of rice to Sri Lanka.

Egypt sees rice paddy production jumping to 6.5 mln tonnes.

Sri Lanka to procure 0.3 MMT rice from Pakistan.

Muchinga ( Zambia ) expects increase in maize production as 0.33 MMT vs 0.23 MMT LY.

Rice prices stay high despite imports coming through.

Philippines to import 0.25 MMT of rice rom India and Pakistan.

Punjab govt says no major damage to cotton, paddy due to heavy rains.

Rice exporters write to Arun Jaitley seeking change in GST norms.

Punjab border belt loses basmati aroma as area under sowing falls by 90% in 5 years.

Govt source says EU unlikely to ease tricyclazole norm for basmati.

Bangladesh govt gets lowest offer of $430 per tonne in rice import tender.

EU may lift import restriction on Fukushima rice.

India Gate, the country largest selling rice brand, is exempt from paying goods and services tax (GST) because the company did not get the brand name registered under the Trade Marks Act 1999. This is to further clarify, declare and certify that India Gate, Indian Farm, Lotus and Unity brands are owned by KRBL Ltd but since they are not registered in Class 30 under Trade Marks Act, 1999. Hence NIL GST rate is applicable on it, KRBL Ltd, which sells India Gate packaged rice.

In a notice to prospective suppliers, the NFA invited all interested bidders, whether foreign or local, as long as they complied with conditions of eligibility as spelled out in the implementing rules of the Government Procurement Reform Act or Republic Act No. 9184. The agency has earmarked about P5.64 billion for the entire package, which would be divided into at least five lots with maximum volume of 50,000 tons each.

In Thailand, benchmark 5-percent broken rice RI-THBKN5-P1 was quoted at $420-$430 a tonne, free-on-board (FOB) Bangkok, down from $432-$440 a tonne last week. Weak overseas demand and a falling baht have led traders to quote lower prices to attract buyers. In Vietonneam, the benchmark 5-percent broken rice RI-VNBKN5-P1 dropped to $405-$410 a tonne this week, FOB Saigon, down from $410-$415 last week. There were also concerns over the quality and production of the grain in the harvest period. India 5 percent broken parboiled rice prices RI-INBKN5-P1 eased by $2 per tonne to $419 to $422 on faltering demand from buyers in Africa. Bangladesh is buying 200,000 tonnes of Vietonneamese white rice at $430 a tonne and 50,000 tonnes of parboiled rice at $470 a tonne in a state-to-state deal – at rates much higher than in the previous three tenders.