Food Policy and Market Developments

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On 17 September 2020, the National Development and Reform Commission (NDRC) announced the 2021 low Tariff Rate Quotas (TRQ) for wheat, maize and rice. The TRQ was set at 9.6 [...]
On 9 September 2020, the Government suspended tariffs on imports of rice until 31 December this year. The temporary suspension is restricted to a quota of 400 000 tonnes of [...]
The Islamic Republic of Iran Customs Administration (IRICA) postponed for the second time this year’s seasonal ban on rice imports, which is currently scheduled to come into effect from 22 [...]
On 17 August 2020, the Ministry of Economic Development, Trade and Agriculture signed an annex to the grain memorandum with traders, agreeing on the export of a maximum of 17.5 [...]
On 31 July 2020, the Government increased the floor price for the 2020/21 first and second season paddy crops. The price was fixed at MMK 520 000 per 100 baskets [...]
On 3 July, the Government of Punjab approved the release of 900 000 tonnes of wheat to flour millers at PKR 1475 per maund (about 40 kg) and the retail [...]
The Ministry of Finance recently announced the creation of a USD 2 billion fund in an effort to support the trading of key commodities amid foreign exchange shortages. The trade [...]
On 24 June 2020, the Government authorized the import of 500 000 tonnes of maize at a concessional duty of 15 percent under the Tariff Rate Quota (TRQ) Scheme. Import [...]
On 10 June 2020, an increase on import customs duties came into effect for a wide range of products, including food products. Among others, imports of live mutton and goats, [...]
On 7 June 2020, the Government lifted the 60 percent regulatory duty on imports of wheat, in place since September 2016 (FPMA Food Policies) and allowed the import of wheat [...]
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