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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South Korea agrees to double rice imports
Turkish Press
South Korea has agreed to double rice imports to extend a World Trade Organization (WTO) accord that allows Seoul a grace period of staying out of market-opening, news reports said.

In a deal with key rice exporters, South Korea has agreed to expand the quota from the four percent of its total domestic consumption to 7.9 percent over the next decade until 2014, Yonhap news agency said.

The deal, which was wrapped up last week by negotiations with the United States, would be announced in the coming week to report it to the WTO, Yonhap said. Independent confirmation was not immediately available.

South Korean farmers have protested any moves to expand rice imports, accusing the government of rushing a fresh WTO agreement without consultations with them.

Domestic growers say the flooding of cheaper foreign products would drive them out of business, but trade officials say the country needs to expand free trade to boost exports.

Under the 1994 agreement, South Korea is allowed to restrict its rice imports to four percent of total domestic consumption for 10 years until 2004.

South Korea hopes to extend its import quota for another decade but major rice exporters want Seoul to raise the quota or adopt a tariff system for the opening of rice markets from 2005.

Seoul has been engaged in the talks with China, the United States, Thailand, Australia and five other countries.

South Korea imposes 600 percent tariffs on rice imports to protect local farmers from cheap foreign imports.
MGR Archive 27.12.2004
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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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