Indian Queen Basmati Rice by Bhara Industrial Enterprises Limited
Indian Queen Basmati Rice by Bhara Industrial Enterprises Limited

The Mexican government decided to open the quota for rice for Thailand, Argentina, India, Italy, Uruguay, Vietnam and the United States. Rice imported to Mexico without the quota is levied at 20 per cent tax. Mexico announced the quota tax waiver for the import of five categories of rice totaling 150,000 tonnes, with private companies granted a quota of no more than 10,000 tonnes of rice. The measure took effect on March 2 and lasts until December 31. Of all the rice imported to Mexico in 2016, Thailand ranked fourth in 2016 with 7,690 tonnes of long-grain white rice. The US, Uruguay and Argentina made up the top three, respectively.

To take maximum advantage of rice quota, Thailand’s Ministry of Commerce has assigned ‘Thai Trade Centre’ in Mexico to coordinate with Thai rice importers. “Mexico decided to open the quota for imports of 150,000 tonnes of rice, or 13 per cent of the country’s rice consumption of 1.125 million tonnes in 2016 – about 82.62 per cent of which were imported,” said Thailand’s Commerce Minister Apiradi Tantraporn. “It’s a good opportunity for Thailand to expedite its rice exports to Mexico. What Thai exporters and the public sector should do to compete for market share is publicise the distinguished quality of Hom Mali rice, while providing information about Thailand’s rice-growing fields.” She said. “Logistics should also be improved to lower export costs and if rice exporters can manage to capture more market share, this advantage will be extended to Thai rice markets in other countries in Latin America,” she explained.

LEAVE A REPLY