Food Policy and Market Developments

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18/09/2020
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 [...]
14/09/2020
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 [...]
01/09/2020
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 [...]
24/08/2020
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 [...]
24/08/2020
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 [...]
06/07/2020
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 [...]
29/06/2020
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 [...]
26/06/2020
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 [...]
11/06/2020
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, [...]
08/06/2020
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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