PH expects another 805,000 MT of rice under MAV importation
The National Food Authority (NFA) has released the rules on the importation of 805,000 metric tons (MT) of rice under Minimum Access Volume (MAV).
This means additional supply for the country on top of the government to government and government to private importation that was held recently.
On Tuesday, NFA released the guidelines for the importation of 805,000 MT of white rice under the MAV Country Specific Quota (MAV-CSQ) and the MAV Omnibus Origins (MAV-OMB) for 2017 to 2018 by the private sector.
MAV refers to the volume of commodities that is allowed to be imported by a member country as a commitment to the World Trade Organization (WTO).
All the supply to be imported under this MAV importation shall be levied with 35 percent tariff.
For this importation, shipments will be divided into two phases: this would be from July 1, 2018 until August 31, 2018 and December 20, 2018 until February 28, 2019.
The supply should come from China (50,000 MT), India (50,000 MT), Pakistan (50,000 MT), Australia (15,000 MT), El Salvador (4,000 MT), Thailand (293,100 MT), and Vietnam (293,100), while 50,000 MT should be obtained from any country under MAV-OMB.