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NSW Government to modernise the exports of rice

The NSW Government announced it will introduce a Bill to the State Parliament to end statutory rice export marketing (‘vesting’) arrangements by 1 July 2025.

The NSW Government believe it will usher in a new era of greater opportunity and innovation for the rice industry.

The legislation was introduced to Parliament in June in hopes of enhancing the long-term viability of the state’s rice industry, which had an estimated farm gate value of $219 million in 2022-23.

This is an important step in bringing new opportunities to the agriculture sector and in ensuring regulations do not hinder industry growth.

The contents of the bill came from rice growers from across NSW who called for the end of statutory rice export marketing (‘vesting’) arrangements.

“The NSW Government while drafting a Bill to modernise the state’s rice marketing arrangements received requests from rice growers in southern NSW to end statutory rice export marketing, the ‘vesting’ arrangements, sooner rather than later,” said NSW Minister for Agriculture Tara Moriarty.

The decision to deregulate the industry comes at a time when rice growers are well-placed to take advantage of the new marketing opportunities.

Under the future arrangements, growers will be afforded greater choice and flexibility to pursue a range of markets, including export markets.

It will also benefit the long-term sustainability of the industry in the face of lower water availability and a more variable climate.

The NSW Government is committed to ensuring that the industry is supported and will work with the present sole and exclusive export licence holder, SunRice.

This collaboration will help resolve the access to rice seed aspect of the present arrangements and enable a supported transition for the sector.

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