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- (-) October 2016
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India published its draft Regulation on new product approval procedures and notified them to the World Trade Organization (WTO).
Export prices increased one percent due mainly to the strengthening Thai baht. Prices remain under downward pressure despite government measures to keep new-crop rice off the market.
Export prices further declined one to two percent due to weak demand even though the first shipment under the government-to-government agreement with China is set to take place next week.
Export prices increased two to four percent due to new enquiries for parboiled rice amid tight supplies of white rice paddy for parboiled rice production.
The Government of India’s (GOI) Food Safety and Standards Authority of India (FSSAI) published new draft regulations relating to standards for fortified food products.
For marketing year (MY) 2016/17 (May to April), Post’s rice production estimate remains flat at 34.5 million tons due to flooding that affected Aus rice production in northern, northeastern...
Extensive rains in Kazakhstan during the wheat growing season resulted in a crop which is significantly larger than last year.
Export prices further declined one to two percent due to the weakening Thai baht and low foreign demand.
On September 23, 2016, the Ministry of Finance notified the lowering of import on wheat from 25 percent to 10 percent (ad valorem on CIF value) till March 1, 2017.
Export prices further declined one to two percent due to a lack of new inquiries as traders are awaiting bumper supplies of new-crop rice to enter the market in November.
On September 7, 2016, the Indian Ministry of Consumer Affairs, Food, and Public Distribution’s Department of Legal Metrology amended the Legal Metrology (Packaged Commodities) Rules, 2011.
Post expects that in marketing year (MY) 2016/17 Indian almond imports (shelled-basis) will reach 65,000 MT, a nine percent decrease from the MY 2015/16.