Area
Philippines
Commodity Group
Rice
Commodity
All
Date
24/05/2018
Policy Category
Trade
Policy Instrument
Import quota
Description
Announced that certificates of eligibility to import 805 200 tonnes of rice under 2017/18 Minimum Access Volume (MAV) country-specific and omnibus quotas would be issued to the private sector, based on a service fee auction on 14 June 2018. The total MAV import volume would be divided into 48 lots, 20 percent of which to be reserved for farmer organizations, with the minimum service fee bid price set at PHP 250 (USD 4.7) per tonne. Rice imports under the MAV would be liable to a 35 percent import duty and would consist of 25 percent brokens or higher-grade rice, to be delivered between July and 31 August 2018, or between 20 December 2018 and 28 February 2019. Successive decisions delayed the service fee auction to 25 June 2018, and lowered the minimum service fee bid price to PHP 100 (USD 1.9) per tonne.
Notes
Exchange rate as of 15 June 2018.
