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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Rice tariff 778% with new WTO formula
The Japan Times, June 10, 2005
Japan's tariff on milled rice imports is 778 percent under a new formula for global trade talks, up sharply from the earlier-published 490 percent, sources said Thursday.
The new figure, calculated for the ongoing trade liberalization talks under the World Trade Organization, could enhance the view that Tokyo protects its farm products with very high tariffs, analysts say.

The new formula for WTO farm trade liberalization talks requires unit-based tariffs to be recalculated into ad valorem tariffs for a progressive tariff reduction proposal, which subjects higher tariff rates to deeper cuts.

The current unit-based tariff on rice is 341 yen per kg. On an ad valorem basis, a tariff is inflated as the base import price declines.

The earlier-published rate of 490 percent on an ad valorem basis was based on 1996-98 import prices.

Import prices have declined with even lower international prices taken into account under the new formula, resulting in the far higher estimate of 778 percent, the sources said.
MGR Archive 10.6.2005
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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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