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- (-) February 2021
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Rice export prices declined 2-4 percent due to the lack of new inquiries.
On January 29, 2021, Russia notified the World Trade Organization (WTO) of draft amendments to the Eurasian Economic Union (EAEU) list of products under phytosanitary control...
Rice export prices remain unchanged at high levels.
Recent measures intended to dampen domestic food price increases by inhibiting grain exports were adjusted by Decree #33 signed on January 23, 2021.
Export prices for most grades of rice further increased 1 percent, except for parboiled rice prices, which declined 1 percent due to a lack of new inquiries.
COVID-19 had a strong impact on the Russian economy that changed consumer behavior. In January - July 2020, the GDP decline is estimated at 3.4 percent year-on-year.
Rice export prices increased 2 percent due to concerns about the strength of the Thai baht.
The import tariffs and quotas for some Australian and New Zealand dairy products (including whole milk powder, whey, cheese, and anhydrous milk) were removed on January 1, 2021.
Social media marketing has become an indispensable part of business strategy in the food industry.
In November 2020 the GOR sub-commission on customs tariff regulation and non-tariff regulation and protective measures in external trade approved a proposal to replace its tariff rate quotas...
MY2020/21 off-season rice planting area was well above last year, but production is unlikely to recover due to limited water supplies.