―There are talks that the Chinese may order more rice and that could help drive up the price before the end of the year.‖In Vietnam, rates for 5 percent broken rice were unchanged from last week at $400-$405 a tonne. ―Trade is slow as domestic supplies are running low,‖ a Ho Chi Minh City-based trader said. ―The Philippines has announced it will buy more rice for the rest of the year and that may be supportive for prices.‖Vietnam‘s Ministry of Industry and Trade said Thursday the value of the country‘s rice exports this year would likely rise 26.9 percent to $3.2 billion-$3.3 billion.
Customs data released this week showed Vietnam exported 4.89 million tonnes of rice in the JanuarySeptember period, up 6.7 percent from a year earlier. Rice export revenue rose 21.3 percent in the period to $2.46 billion.
Reporting by Panu Wongcha-um in Bangkok, Khanh Vu in Hanoi and Rajendra Jadhav in Mumbai and Ruma Paul in Dhaka; Editing by Arpan Varghese in Bengaluru and Edmund Blair https://in.reuters.com/article/india-oil/record-fuel-prices-hit-indian-petrol-diesel-demand-in-septemberidINKCN1MM25O
Group opposes removal of NFA‘s licensing power By Jasper Y. Arcalas October 12, 2018
In File Photo: A worker carries a sack of rice on his head at a rice store in Makati City. The Federation of Free Farmers (FFF) said removing the National Food Authority‘s (NFA) power to issue import licenses would harm local farmers as the government will lose a tool that will prevent a glut in domestic rice supply. Former Agriculture Secretary and FFF National Policy Board Chairman Leonardo Q. Montemayor said the Senate‘s version of tariffication bill that seeks to remove the NFA‘s licensing power is ―worrisome.‖ ―Almost all countries, including those in Asean, and even advanced countries like Japan and Korea, require all rice importers to obtain licenses so that imports can be monitored and kept within bounds,‖ Montemayor said in a statement on Thursday.
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