NFA allows groups, firms to import rice

03.01.2017

The National Food Authority (NFA) said it has approved the request of 210 traders to import rice, which would come in at a higher duty under the minimum access volume (MAV) scheme.

As of December 21, 2016, the NFA has allowed 210 farmers’ organizations and private firms to import 692,340 metric tons (MT) of rice, 110,160 MT less than the country’s annual MAV of 802,500 MT.

The NFA list available on its web site also showed that 194 qualified rice traders, including AgriNurture Inc. and Pilmico Foods Corp., will import 642,340 MT of rice under the country specific quota (CSQ). Of the total rice to be imported under the CSQ, 293,100 MT of rice will be bought from Thailand and Vietnam.

Meanwhile, 16 qualified applicants will import a total of 50,000 MT of rice under the “omnibus origin” category, according to the NFA list.

Under the importation guidelines released by the NFA, rice traders are allowed to source from countries with specific quota and from omnibus origin or from any country.

Rice traders and farmers’ groups can import 293,100 MT of rice from Thailand and Vietnam. They can also import 50,000 MT of rice from China, India and Pakistan; 15,000 MT from Australia; and 4,000 MT from El Salvador.

An additional volume of 50,000 MT is allowed to be imported from any country.

The NFA said it allows each organization or firm to import 20,000 MT.

The rice imports by the qualified traders must arrive in the country not later than February 28, according to the official guidelines of the NFA.

Currently, the government allows rice imports within the MAV scheme to enter the country at a lower tariff of 35 percent. Imports in excess of the MAV are slapped a higher tariff of 50 percent.


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