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AMIS Market Monitor

last release: December 2018

Policy Developments

  • The National Food Authority (NFA) Council in the Philippines approved the out-quota guidelines that will reduce the requirements for local traders to import rice. From 22 November onwards, interested traders can apply for import permits at the NFA. The new guidelines are meant to increase rice imports and consequently bring down the prices of rice in the country.  
  • In response to the rising paddy prices, Republic of Korea announced in early November that it would release around 50 000 tonnes of rice from its public stocks in order to stabilize prices. However, following protests from farmers, the government has decided to withdraw these plans.  
  • The Ministry of Commerce in Thailand will provide rice farmers with harvesting machines at low cost in order to allow farmers to benefit from the projected higher paddy rice prices next year.