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Secretariat of Economy (SE) published in the Diario Oficial (Mexico’s Federal Register) a decree that modifies the Tariff of the General Import and Export Tax Law for imported rice.

Export prices declined 1 percent in anticipation of the sales of government rice stocks. The details of a new public tender for 400,000 metric tons will be announced on December 11, 2014.

On November 15, 2014, Statistics Korea (KOSTAT) released its revised rice production estimate of 4,240,739 metric tons.

Thai rice exports reached a record high in October 2014 fueled by the sales of the government stocks.

Export prices increased 1-3 percent, particularly for fragrant rice, in response to the implementation of an on-farm pledging program that the government approved on last week.

Taiwan authorities recently lifted a ban on U.S. long grain rice, in place since 2006.