EU reinstates duties on Cambodia, Myanmar rice.

The European Commission will reinstate duties on rice from Cambodia and Myanmar after a surge in cheap imports that hurt European producers, the EU's executive arm said Wednesday.

Starting Friday, it will apply a duty of 175 euros per tonne of Indica rice in the first year, reducing it to 150 euros per tonne in the second year and 125 euros per tonne in the third year. The European Commission has therefore decided to re-introduce import duties that will be steadily reduced over a period of three years," it said in a statement. In a probe launched last March, the Commission found...