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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Korea Rice Production Rises 9% to 4.9 Million Tons
The Korea Times, October 8, 2004
Rice production is forecast to top 4.85 million tons, up 9 percent from 4.45 million tons in 2003, the Ministry of Agriculture and Forestry (MAF) said Thursday.

Production per 10 acres will rise 10.9 percent to 489 kilograms from a year before, returning to the similar amount averaged over the past five years after excluding the best and worst yearly volume - 488 kilograms.

MAF attributed the increases coming back from a record low in 2003 to good weather conditions, with longer hours of sunshine and higher temperatures compared to last year.

However, the size of the rice fields combined across the nation decreased 1.5 percent this year from 2003. Last year, rice production hit a record low in 23 years while the combined field total has shrunk by 82,000 hectares over the past three years.

As of October, rice in stock is estimated to be 976.32 million tons. The MAF forecast the stock will increase to 1.43 billion tons next year, considering this year’s output and next year’s estimated consumption, although the volume will fluctuate in accordance with the amount of rice aid to North Korea and the degree of the market-opening, MAF officials said.

``The rice stock is a reasonable amount within the range recommended by the Food and Agriculture Organization of the United Nations,’’ the officials said.
MGR Archive 8.10.2004
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
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EU Prices Baldo €660
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