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   

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Korea Rice Update
Korean Hearld
The Korea Herald Final vote scheduled to take place next month By Lee Joo-hee A National Assembly committee yesterday passed a bill to be ratified by a final vote next month proposing wider rice imports despite physical resistance by Democratic Labor Party members and protests from farmers. The Unification, Foreign Affairs and Trade Committee, unanimously passed the bill early in the morning without the attendance of DLP members. Security guards prevented the rallying DLP members, who sought to block voting on the matter for the fourth time since last month, from entering the conference room. A total of 13 ruling Uri lawmakers including the chairman Lim Chae-jung, 11 main opposition GNP members and one member each from the minor DLP and the United Liberal Democrats make up the committee. The protesting DLP lawmakers had engaged in violent physical scuffles with security guards, brought in by the authority of the committee chairman, in front of the conference room. Korea signed the agreement with nine rice-exporting countries including the United States and China late last year to increase the import quota to 7.96 percent from 4 percent by 2014 and to permit up to 30 percent of imported rice to be sold directly to consumers by 2010. In return, South Korea was given a 10-year waiver on full ratification of market liberalization, a continuation of the 1994 Uruguay Round agreement. The Korean Peasants League comprising farmers from across the nation strongly lambasted the committee's passage of the bill and vowed a strike by some 100,000 members today to be followed by a large-scale rally next month with about 300,000 farmers. "By secluding any DLP members to the committee, the passage of the ratification has no meaning," the league said in a statement. Opposition to the rice pact asserts that the government made too many concessions on other agricultural products in return for delaying the rice exporters' advance into the Korean market, not to mention causing more hardship for the ailing local faming sector. The final vote on the bill at the next plenary session on Sept. 16 is likely to suffer vehement protests from the DLP and possibly, another attempt to block the procedure. "We are discussing an intensive fight against the National Assembly's push to endorse the bill," said Shim Sang-jeong, vice floor leader of DLP. The progressive party has blocked previous attempts by the committee to vote on the bill since it was submitted by the government on June 7. The Uri Party sought trust and support from the farmers and the public, while the GNP pointed out that the government needs to fast prepare compensatory measures for the ailing domestic agricultural business. The government showed relief about the bill's passage indicating it would speed up the delayed endorsement and prevent protests from the rice-exporting partners. Foreign Affairs and Trade Minister Ban Ki-moon, commenting upon the committee's passage of the bill said "The government will not only ease the shock that may come from the wider opening of the rice market, but also make utmost efforts to cultivate our agriculture into a competitive industry." Korea had faced pressure to decide whether to retain the 10-year waiver or start putting full tariffs on rice imports as the moratorium on rice imports signed in 1994 during the Uruguay Round of the World Trade Organization talks expired last year. Korea currently imports 225,000 tons of foreign rice a year directly for purchase by rice-processing companies only. The price of local rice fell to around 130,000 won per 80 kilograms this year, the lowest in seven years, according to the Agriculture Ministry. Farmers' interest groups like the Korean Advanced Farmers Federation have been proposing that the government offer further protective measures against a wider rice market opening. Among their demands were for the government to maintain at least 10 million "seok" of rice in the country's strategic reserves to deal with unexpected developments. One seok is equal to 144 kilograms of rice. The Agriculture Ministry responded that the government would review the proposals.
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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