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
Twenty Thousand Tons of Imported Rice on the Korean Market
Twenty two thousand five hundred seventy-five tons of imported rice such as the American Carlos and the Chinese Hyangmi are expected to be sold to consumers in retail stores next year.

This accounts for 0.58 percent of next year’s predicted rice consumption based on cooked rice standards and exceeds 282,000 80-kilogram bags.

The government’s rice-negotiating committee, prior to the “Rice Negotiations Nationwide Forum” that was to be held at Korea Agricultural and Rural Infrastructure Corporation (KARICO) in Euiwang, Gyeonggi on December 17, revealed provisional rice negotiations between main export countries such as the U.S. and China.

Due to protests by nearly 200 farmers of the Korean Peasants League, who occupied the area, however, the debate was canceled.

According to the negotiating committee, negotiating countries such as the U.S. are demanding that the tariff extension period be prolonged by 10 years from 2005 as a condition for Korea’s low-tariff import quota level of four percent compared to its average annual rice consumption from 1988 to 1990, which increased eight percent.

If this happens, this year’s low-tariff import quota of 205,000 tons will increase 0.4 percent per year, reaching 410,000 tons by 2014. Importing methods will remain in the area of government-run transactions.

Meanwhile, the ratio of rice being sold to consumers will increase proportionately by 30 percent until 2010, beginning with next year’s 10 percent mark of imported rice, and will remain at 30 percent until 2014. In the past, imported rice has been processed for confectionary and noodles and was not sold to consumers as cooked rice.
MGR Archive 19.12.2004
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