Philippines opens its rice market to India with duty cut - The Hindu BusinessLine
Philippines duty cut likely to help Indian rice exports May 24, 2021 The annual rice import market in Philippines is estimated at around 2.5 million tonnes With the Philippines cutting import tariff on rice to boost supplies, Indian exporters see an opportunity to ship out more of the foodgrain to the South-East Asian nation, one of the largest grain buyers in the region. According to reports from Manila, the Philippines last week lowered the most favoured nation tariff on rice imports to 35 per cent from 40 per cent for in-quota purchases and 50 per cent out-quota volume for one year. For t...