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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Thousands of Farmers to Protest Against Lower South Korean Import Barriers on Rice
This weekend (13/14 November 2004) will see tens of thousands of South Korean agricultural workers descend on Seoul City Hall as part of their all-out 'war' against ongoing negotiations aimed at lower import barriers on rice. The Korean Peasant League and five other farmers' groups have pledged to take their protests to the streets, risking physical confrontation with police, to block Roh government negotiations with nine rice-exporting nations. Countries like China and the US are participating in the talks, which could see South Korea raise the import limit to 7.5% of consumption, a level that Korean Peasant League's policy director, Lee Young-soo, says is 'posing a greater threat to our lives'. In the aftermath of the 1994 Uruguay round of World Trade Organization (WTO) talks, the country had been granted a 10-year grace period to limit rice imports, during which the government instituted special loan programmes for farmers to help them modernise and expand their operations. Instead, however, this programme has failed to improve efficiency and has left farmers saddled with massive debts. As a result, the farm lobby is a large, committed and influential opposition force and has previously been responsible for delaying the passage of key legislation (see South Korea: 29 December 2003: Farmers Protests Against South Korea-Chile Free Trade Agreement). Significance: The small scale, high production cost and inefficiency of Korean rice farming is responsible for driving up the price of Korean rice, which is estimated at being four times more expensive than imported rice. A sudden surge in cheaper, imported rice could thus cause prices to drop and threaten the livelihood of almost 1m rice-farming families or 75% of the country's agricultural population. If the Roh government fails to extend its right to limit imports, it could be threatened into fully opening its rice market, which could result in severe production losses - up to 2m tonnes, according to the Samsung Economic Research Institute. Last year, Korea imported 200,000 tonnes of rice, mainly from China and the US, both of which are now keen to expand their market share.
MGR Archive 11.11.2004
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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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