Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
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Australia cautiously welcomes EU letter on World Trade
Asia Pulse, May 11, 2004
Mr Vaile said the EU's letter showed commitment from European to the world trading system.

"I particularly welcome the indication in the EU letter that it is ready to move on elimination of all export subsidies if an acceptable outcome emerges on other elements of the agriculture negotiations," Mr Vaile said in a statement.

"A clear commitment to eliminate all export subsidies would be a major improvement for the trading system.

"The elimination of export subsidies is an essential requirement in our efforts to improve the multilateral trading system and to assist developing countries maximise the potential benefits of agriculture reform."

Australia has cautiously welcomed signs from the European Union it may agree to wholesale cuts in world trade subsidies.
Trade Minister Mark Vaile, on his way to a meeting in Paris tonight, said the indication from EU may be the kickstart required to get world trade talks back on track.

The EU overnight wrote to fellow members of the World Trade Organisation, showing support for an end of its agricultural subsidies as long as other countries also dropped their domestic support programs.

The EU wants the United States to do away with subsidised export credits on farm products, and the practice of buying farm surpluses to provide food aid for poor countries.
It also pointed to Canada's monopolistic marketing of crops though its wheat board, which regulates production and prices.

Trade talks have been stalled since a meeting in Mexico last year at which agriculture, and key demands from developed nations upon developing countries, prevented progress.

The EU demand may affect Australia's wheat export company, AWB Ltd, which enjoys a monopoly under government legislative protection.

Mr Vaile said he wanted to clarifying some of the proposals put forward by the EU, especially in relation to its impact on developing countries.

"There is a careful balance to be struck here about how best to provide flexibility for developing countries and encourage their participation in negotiations, with the need to better integrate them into the global trading system and achieve the genuine and sustainable economic development this would entail," Mr Vaile said.
MGR Archive 11.5.2004
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Russia Rapan $ 700
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USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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