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South Korea to issue rice import tender tomorrow
SEOUL : South Korea will issue an international tender tomorrow to buy 22,608 tonnes of rice to meet part of the country's 2005 import quota under a World Trade Organisation agreement, the agriculture ministry said today.

The ministry also said South Korean consumers would be able to buy directly imported rice from China, the United States, Australia and Thailand from next March, part of an agreement under which South Korea will allow 10 per cent of imports to be sold in shops.

''The government will start the rice import process from tomorrow and expects imported rice to enter the country by next March,'' the ministry said in a statement.

The first tender would be issued by the state-run Agricultural and Fishery Marketing Corporation (AFMC) and would be held on January 5, 2006.

AFMC will seek 12,435 tonnes of short grain brown rice, 6,782 tonnes of medium grain brown rice and 3,391 tonnes of long grain brown rice, an official at AMFC said.

South Korea has to import 225,575 tonnes of rice to meet its 2005 import quota.
MGR Archive 14.12.2005
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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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