The Philippines is expected to be allowed to retain import restrictions for rice until 2017, a senior government official said Monday.

The Philippine government has allotted a budget of 10.3 billion pesos ($236 million to import half a million tonnes of rice via a tender rescheduled

South Korea will on Friday announce plans to scrap caps on rice imports from the start of 2015

After a high increase, rice prices have reduced by VND100-200 a kilogram over a week ago in the Mekong Delta.

The Philippine government said Wednesday that it will purchase 800,000 metric tons (MT of imported rice via a tender set on April 15.