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
S Korea Eyes Legislation On Rice Consumption
South Korea may enact legislation aimed at boosting domestic rice consumption and helping farmers struggling with competition from cheap foreign rice, a government official said Wednesday.

The plan comes as domestic rice growers are moving to establish a self-help fund to promote rice consumption and develop new farming skills. "If the fund is set up, the government will push for the law to support farmers' efforts," the Agriculture Ministry official said on condition of anonymity.

The envisioned law, among other things, would call on the government to offer state funds matching the amount of the voluntary fund, he said.

"To cope with a changing market environment, farmers too need to take the initiative and make themselves more competitive vis-a-vis overseas growers," the official said.

The government move follows a drop in the country's rice consumption, which has resulted in lower rice prices and has hurt farming households' earnings.

South Koreans consumed an average of 119.6 kilograms of rice per person in 1990, but the amount fell to 82 kilograms last year. The per-capita daily consumption was 224.6 grams, or slightly less than two bowls.

Last year's agreement with nine rice-exporting countries has also raised the importance of raising rice consumption since foreign rice will be sold directly to farmers starting this year in exchange for Seoul's 10-year delay in rice tariffication.

Under the agreement, South Korea will be required to raise the import quota of rice to nearly 8 per cent by 2014 from the current 4 per cent of domestic consumption.
MGR Archive 24.7.2005
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