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No Progress Made in Korea-U.S. Rice Talks
The Chosun Ilbo, August 15, 2004
In Washington, trade officials from South Korea and the United States sat down for their third round of talks Friday on the opening of Seoul's rice market. The two sides however failed to narrow their differences with South Korean negotiators unwilling to comply with U.S. requests.
Reports say Washington officials demanded Seoul raise its rice import quota which is currently set at under 4-percent of domestic consumption. The U.S. is also said to have called for South Korea's green light for the direct sale of imported rice to local consumers.

Under a 1994 multilateral trade pact, Korea has been able to keep its protective measures on the staple grain. But because the agreement expires this year, Seoul must raise its import quota or shift to a tariff system from 2005 if it fails to extend the trade pact.
MGR Archive 16.8.2004
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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