On 21 February, the Food Contract Corporation (FCC), the national body managing the state grain reserves, launched the forward procurement campaign for the 2017 crops, including wheat, maize, millet, rye [...]

The Ministry of Finance and Economic Development announced the suspension of Statutory Instrument (SI) 20/2017, introduced in early February, which had reinstated a 15 percent value-added tax (VAT) rate on [...]

The Government authorized duty-free imports of 5 million 90 kg bags of non-GM yellow maize for feed over the next three to four months. Yellow maize has not been imported [...]

The National Development and Reform Commission set the minimum procurement prices for 2017 paddy crops at levels slightly down from those in 2016 (Commodity policy developments archive).The price for early [...]

On 15 February, the Government set the Rabi wheat crop procurement target for the 2017/18 marketing year (April/March) at 33 million tonnes. This volume is more than 40 percent higher [...]

The Consumer Affairs Authority (CAA) recently announced the new maximum retail prices (MRP) for three varieties of rice, both domestically produced and imported. The price of Nadu rice has been [...]

On 5 January, the Government announced that the procurement price to be paid for the 2017 wheat crop to be harvested from mid-April, will be based on the average international [...]

The Government decided on January 27 to further reduce the existing tax on imported rice with immediate effect. The levy was already reduced earlier in January to LKR 15 (USD [...]

The Government temporarily reduced tariffs on imports of basic food commodities to limit price increases ahead of the new Iranian year starting on 21 March. Tariffs on imports of white [...]

The Ministry of Industry and Trade repealed rice export conditions set in 2013 under Decision 6139/QD-BCT on the planning of rice exporters. The maximum rice export licence limited to 150 [...]