Egypt has extended the ban on rice exports to ensure there is no shortage of supply, Trade Minister Mahmoud Eisa said on Thursday, adding that it was not clear yet when the ban in place since 2008 would be lifted. The ban has been extended several times and was due for review in October. Analysts said the government was wary of any move that might hurt domestic supply or prices, stoking public frustration after an uprising that toppled Hosni Mubarak. Eisa said during the Reuters Middle East Investment Summit in Cairo that his ministry had been asked to extend the ban by Social Solidarity Minister Gouda Abdel Khaleq, responsible for internal trade, food subsidies and other related issues.
2011-10-28
Global News: Egypt extends ban on rice exports: minister
(News resource: Reuters, Oct. 27, 2011)
Egypt has extended the ban on rice exports to ensure there is no shortage of supply, Trade Minister Mahmoud Eisa said on Thursday, adding that it was not clear yet when the ban in place since 2008 would be lifted. The ban has been extended several times and was due for review in October. Analysts said the government was wary of any move that might hurt domestic supply or prices, stoking public frustration after an uprising that toppled Hosni Mubarak. Eisa said during the Reuters Middle East Investment Summit in Cairo that his ministry had been asked to extend the ban by Social Solidarity Minister Gouda Abdel Khaleq, responsible for internal trade, food subsidies and other related issues.
Egypt has extended the ban on rice exports to ensure there is no shortage of supply, Trade Minister Mahmoud Eisa said on Thursday, adding that it was not clear yet when the ban in place since 2008 would be lifted. The ban has been extended several times and was due for review in October. Analysts said the government was wary of any move that might hurt domestic supply or prices, stoking public frustration after an uprising that toppled Hosni Mubarak. Eisa said during the Reuters Middle East Investment Summit in Cairo that his ministry had been asked to extend the ban by Social Solidarity Minister Gouda Abdel Khaleq, responsible for internal trade, food subsidies and other related issues.
2011-10-24
Global News: China 2012 rice import seen steady at 700,000T-govt
(News resource: Reuters, Oct. 21, 2011)
China's milled rice import demand in 2012 is expected to be around 700,000 tonnes, similar to this year due to sufficient stock while market prices would remain high, a government official said on Friday. The 2012 import, equivalent to around 1 million tonnes of rough rice, or paddy, would come from Thailand and Vietnam, the official from the government-run National Grain and Oilseeds Information Center told Reuters, adding that the higher-priced Thai grain would meet demand for the luxury market.
China's milled rice import demand in 2012 is expected to be around 700,000 tonnes, similar to this year due to sufficient stock while market prices would remain high, a government official said on Friday. The 2012 import, equivalent to around 1 million tonnes of rough rice, or paddy, would come from Thailand and Vietnam, the official from the government-run National Grain and Oilseeds Information Center told Reuters, adding that the higher-priced Thai grain would meet demand for the luxury market.
2011-10-18
Taiwan News: Local rice prices not expected to rise
(News resource: Taiwan News, Oct 15, 2011)
Recent flooding in Thailand and the new Thai government’s promise to raise rice prices have caused concern over rice prices in Taiwan, but officials said Thursday that there is little likelihood that the impact from the situation in the Southeast Asian country will be felt by local consumers. Although the floods in Thailand -- the largest rice exporter in the world -- might have caused the loss of some 5 million tons of rice, the Council of Agriculture (COA) said it was not yet able to predict the impact of the flooding on international rice prices. The COA added that compared with the flooding, the Thai government’s pledge to raise the minimum rice price for farmers by 50 percent will have a bigger impact on international prices.
Recent flooding in Thailand and the new Thai government’s promise to raise rice prices have caused concern over rice prices in Taiwan, but officials said Thursday that there is little likelihood that the impact from the situation in the Southeast Asian country will be felt by local consumers. Although the floods in Thailand -- the largest rice exporter in the world -- might have caused the loss of some 5 million tons of rice, the Council of Agriculture (COA) said it was not yet able to predict the impact of the flooding on international rice prices. The COA added that compared with the flooding, the Thai government’s pledge to raise the minimum rice price for farmers by 50 percent will have a bigger impact on international prices.
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