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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Korean Probe to Focus on 'Backdoor Deals' With Rice Exporters
The South Korean government's decision to nearly double its mandatory rice imports from the United States, China and seven other rice-exporting countries over the next decade is coming under parliamentary scrutiny. The National Assembly's special inspection of the government rice-trade deal, slated to run from May 12 to June 15, is expected to directly affect its parliamentary ratification next month, political watchers said Wednesday.
After a year of negotiations with the nine rice exporters, the administration of President Roh Moo-hyun announced last December that it agreed to gradually increase its mandatory rice imports from the current 4 per cent of domestic consumption to 7.96 per cent by 2014.
Under the rules of the World Trade Organization, South Korea has been allowed to limit its rice imports to 4 per cent of domestic consumption, or about 205,000 tons a year, over the past 10 years.
The Roh government said it would increase the quota by about 0.4 per cent annually to 7.96 per cent, or 408,700 tons, over the next decade. After that, the nation must open its market with tariffs.
The market opening scheme, subject to parliamentary approval in June, has angered local rice farmers who insist their plight would further worsen if cheaper rice from China and the U.SUMMARY. flood into the domestic market
MGR Archive 12.5.2005
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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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