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
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 INCO Terms
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Commodity Exchange
Search in news database
Agreement Is Close for 10-year Extension of Levying Duties on Rice
At negotiations with nine countries, including China and the United States, participants are reported to have almost agreed on a 10-year extension of levying customs duties on rice. With a couple of critical issues still to be resolved, the agreement is expected to be signed soon.
Yoon Jang-bae, director of international agriculture in the Ministry of Agriculture and Forestry, said yesterday, “Counterparts including the United States, China and Thailand have practically agreed on the extension of imposing customs duties on rice in market.”
Yoon also said, “Issues remaining to be tackled are the period of extension, the amount of obligatory importation, and availability of sales in market. Next week when we finish a negotiation with China, we can provide overall outlines.”
This can be interpreted that the participants in the negotiations have already agreed to the extension and are now working to narrow the gap on additional issues.
Regarding the 10-year extension of levying customs duties on rice, it is also under discussion that after five years, intermediary evaluations will be done to monitor the effect of the extension, and to decide to whether or not to continue the extension for five more years.
In addition, rice-exporting countries are, as conditions for the extension, calling for the increase in the amount of obligatory importation from 4 percent of the total of domestic rice consumption, which was available from 1986 to 1988, to 9 percent and permission for sales in the domestic market targeting households.
Complete agreement is likely to be achieved after Agriculture Minister Huh Sang-man, who is scheduled to leave for China next week, settles differences on the remaining issues in the negotiations with China.
The government plans to make the outcome of the negotiations public in the middle of the next month when the negotiations are expected to end, at which point public opinion will be solicited.

MGR Archive 31.10.2004
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:

  © 2002 All rights reserved. - Legal Notice