AMIS > Market monitor > Rice

Download latest report

AMIS Market Monitor

last release: 7 March 2024

Policy Developments

  • On 2 February, India issued a notification requiring traders, wholesalers, retailers, and processors/millers to report their rice stock positions by category of rice, within seven days of the order until further notice. The government said the directive aimed to promote transparency and accountability in the rice supply chain. In addition, 500 000 tonnes of rice from the Food Corporation of India inventories will be sold to consumers at a subsidized rate of INR 29 (USD 0.35) per kilogramme to mitigate inflationary pressures.
  • On 21 February, the Ministry of Finance in India extended indefinitely a 20 percent export duty it had imposed on parboiled rice in August 2023, under Notification 12/2024. The measure had previously been set to expire on 31 March (see AMIS Market Monitor, September 2023).
  • On 26 February, the National Food Agency (Bapanas) in Indonesia said the government would import an additional 1.6 million tonnes of rice to supplement its existing stock of reserves. The President of Indonesia has ordered Bulog, the state food distribution agency, to establish a minimum stock of at least 1.2 million tonnes.