Agriculture
India cuts floor price for basmati rice exports to revive shipments
India has cut the floor price for basmati rice exports to $950 per metric ton from $1,200, a government source told Reuters on Thursday, after farmers and exporters complained it was damaging the trade by stalling shipments.
Farm advocates urge against extending preferential commodities duty beyond 2023
Local producers urge TC to no longer extend MFN tariff cuts beyond 2023. MFNs are essentially pledges to extend preferential tax and duty treatment on services or goods exports of partner countries.
DA hopes to hit 20-M metric ton palay harvest this year
Even though the full impact of the El Nino weather phenomenon cannot be entirely discounted, agriculture officials remain hopeful of bountiful palay or unhusked rice harvests this year.
Meat imports down 8.6 percent over nine months
The Philippines imported 923.16 million kg of meat in the first nine months, down 8.6 percent from 1.01 billion kilos of the commodity last year, according to the Bureau of Animal Industry (BAI).
India allots 295,000 MT of white rice exports to PH
India has agreed to supply the Philippines with as much as 295,000 metric tons (MT) of non-basmati white rice, the country's Ministry of Commerce and Industry said on Wednesday.
