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AMIS Market Monitor

last release: Sep 2017

Policy Developments

  • On 20 July, as part of a Comprehensive Economic Dialogue, China and the US signed a protocol on phytosanitary standards that will allow US rice exports to start, after completion of an audit by China’s General Administration of Quality Supervision, Inspection and Quarantine, Agriculture. Colombia's imports of US paddy rice will also resume through ports other than Barranquilla, following the release of amended fumigation requirements on 16 August by the Colombian Agricultural Institute.  
  • On 10 July, Egypt announced that the rice export ban would remain in place during the coming harvest. Since 2008, Egypt has intermittently banned rice exports in order to ensure sufficient domestic supplies and preserve water resources. The government also stated that rice would be procured from farmers at market prices.
  • On 2 August, the Department of Agriculture, Cooperation and Farmers Welfare in India signed a Memorandum of Association with the International Rice Research Institute (IRRI) in the Philippines that will enable the establishment of the IRRI, south Asia Regional Center (ISARC), designed to sustain rice production and capacity development in Eastern India and other South Asian and African countries. The Center is expected to assist farmers in participating countries to improve rice yields and nutritional content; support the adoption of value chain-based production systems; reduce waste; and generate higher incomes.
  • On 3 August, the Philippines National Food Authority (NFA) published Council Resolution 862-2017-H setting out a minimum access quota for 805 200 tonnes of rice at a 35 percent tariff for 2017. Country-specific allocations in tonnes are: Australia 15 000; China, India and Pakistan, 50 000 each; El Salvador 4 000; Thailand and Viet Nam, 293 100 each; any origin 50 000. 
  • The NFA in the Philippines is also considering substantially increasing procurement of local paddy to 1.2 million tonnes, up from the 225 000 tonnes targeted for 2017 (estimated budget needed: PHP 21.6 billion/ USD 423.5 million), while lessening reliance on imports to replenish public stocks and meet distribution needs
  • On 4 August, the National Rice Policy and Management Committee in Thailand approved three financial schemes to support rice farming, selling and processing, especially in cultivation areas that are prone to floods. Support involves the provision of credit facilities (around THB 46.25 million/USD 1.4 million); waiving loan interest payments (approximately 940 million baht/USD 28.2 million) subject to farmers keeping paddy stocks for longer periods (two to six months); and direct payments of THB 1 000 per tonne (USD 30 per tonne) for delivery of rice into storehouses. Each rice-producing household will also receive financial support of up to THB 12 000 (USD 361) for harvest.