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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Korea - Bill on greater rice imports
The bill on the wider opening of the local rice market has finally passed through the parliamentary trade committee, six months after the government forwarded it to the National Assembly. The bill is aimed at ratifying the rice import agreements, which the government signed with the United States, China and seven other major rice exporters a year ago.

If the bill is not passed this year, the nation will be forced to open the rice market in full. Otherwise, the nation’s exports will be seriously curtailed due to sanctions from the international community through the World Trade Organization (WTO). When the agreement is ratified, imports of rice will be gradually raised from the present 4 percent of domestic consumption to 8 percent by 2014, with the implementation of reasonable tariff rates. In return, the full opening of the rice market will be delayed for another 10 years.

Severe protests from farmers against the wider opening of the rice market is understandable because it will further erode their livelihoods due to a flood of cheaper foreign produce. However, it is generally accepted that the agreement with the nine major rice exporters better serves national interests because of the WTO’s punitive regulations. In this vein, civic activists ought to stay away from the matter because time is quickly running out. Their demand for strengthening the competitiveness of the domestic farming industry before the wider opening of the rice market should be dealt with separately from the ratification of the rice import agreement.

All things considered, the Assembly should pass the bill during its current regular session, which runs until December. On other hand, the government needs to map out a wide range of steps not only to minimize the impact of the wider rice market opening on farming households but also to improve their living conditions.
MGR Archive 30.10.2005
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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