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Rice continues to be in the news. Since India banned non-Basmati rice exports in July, rice prices have risen markedly, raising concerns that other countries might follow suit and also restrict trade. As a case in point, Myanmar, the world's sixth largest rice exporter, announced new export licensing requirements while the Philippines has put in place price ceilings to cap retail rice prices. All of these actions have occurred as a strengthening El Niño threatens to cut rice production of key Asian suppliers and push prices higher. ASEAN leaders have recognized the threat to food security and recently confirmed their commitment to keep the flow of agricultural products unimpeded and refrain from using 'unjustified' trade barriers. AMIS will continue working with its participating countries to promote the open flow of food commodities.
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