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AMIS Market Monitor

last release: February 2019

Policy Developments

  • Following the modification of inspection and quarantine requirements, on 31 December China approved imports of milled rice from the US, potentially for use in food processing, chemicals and alcohol.
  • At the request of Italy, and with support from other rice-growing EU member States, the EU triggered a safeguard clause under its Generalized Scheme of Preferences (GSP) on surging low-priced imports of long-grained Indica rice from Cambodia and Myanmar. Effective from 18 January, safeguard duties will be applied digressively over three years, i.e. EUR 175 (USD 194.5) per tonne in the first year; EUR 150 (USD 166.7) per tonne in the second year; and EUR 125 (USD 138.9) per tonne in the last year. 
  • On 17 January 2019, the National Food Authority (NFA) of the Philippines announced that it targets to procure 350 000 tonnes of domestic rice paddy in the first half of 2019 at PHP 20.3 per kg (USD 396 per tonne), up from PHP 17 per kg (USD 325 per tonne) previously. 
  • On 29 January 2019, the Department of Agriculture of the Philippines launched a PHP 200 million (USD 3.82 million) fund to provide loans to farmers who sell their rice paddy to the National Food Authority. Farmers can borrow up to PHP 50 000 (USD 954.2) at 3 percent interest over a six-month period. The loans would be payable after harvest.