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
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
Taiwan Update
Rice imports are expected to remain at the quota level of 144,720 tons, with the U.S. remaining the dominant supplier in the public sector while Thailand supplies most of the private sector imports.

Consumption

Estimated total domestic rice consumption for 2004 and 2005 has been reduced to 1.1 million tons, based on newly released per capita consumption of 48.70 kg in 2004. Domestic consumption is forecast to remain at that level in 2006. Market promotions are unlikely to increase total demand, but could shift rice significantly between varieties and origins.

Stocks

Estimated Taiwan ending rice stocks are fell in 2005 because of a delay in public rice imports. However, stocks in 2006 are expected to increase due to 2005 public import shifted to 2006 and the likelihood of smaller food aid exports than the target level of 100,000 tons.

Trade Import

In 2003, Taiwan switched its import regime to a Tariff Rate Quota (TRQ) system from the Minimum Market Access (MMA) system used in 2002, its first year in the WTO. The total quota amount remains at 144,720 mt on a brown rice basis (equivalent to 126,000 tons on a milled rice basis). Of this total, 65 percent is reserved for government purchases and 35 percent for the private trade. All grain dealers who have registered with COA and have a grain dealer license may bid for rice import quotas. The out-of-quota tariff rate is NT$45/kg for rice and NT$49/kg for processed rice products, with conversion factor of 1.15 to convert from milled or processed products to brown rice. Taiwan’s change to a TRQ system was submitted to the WTO in October 2002. In December 2002, it passed enabling legislation without prior consultation with WTO members, triggering a formal objection from the U.S., Australia, and Thailand in Geneva. The objections were based on Taiwan’s lack of consultation, the removal of previous negotiated WTO head note language and associated concessions, and the extremely high out of quota duty. Taiwan and its trading partners continue to make progress in resolving the issue. Although Taiwan has switched to a TRQ regime, it has fulfilled its obligation to import the full quota amount of rice, with virtually 100 percent fill rates for quotas both in public and private trade. See Table 6 below for quota fill data.

Private Trade

Thailand had an 83 percent share of the 2005 rice private trade, followed by the United States with 14 percent, Japan 1 percent, and Egypt and Australia each had less than 1 percent. Under the TRQ, importers bid for quota rights that are sold to the highest bidders first. Using the so-called “System Three” quota bidding system, Taiwan has already successfully allocated all 50,652 mt (brown basis) of 2006 quota rights to local importers as of April 28, with the bid prices ranging from NT$12.090/kg to NT$16.500/kg (brown basis). The specific quota allocation results for the private trade are reported in GAIN TW6007. Prices in 2006 were about the level of 2005. The cost for quota rights reflects conditions in the local rice markets – higher local prices make import rights more valuable. The private quota for 2005 was 100 percent filled. Taiwan did not even have to use its quota reallocation mechanism in 2005, which redistributes unused import rights. Only a few quota holders, who failed to import rice before September 15, had to request extension of their quota rights to the end of year.
MGR Archive 13.6.2006
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      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:


Convert
  © 2002 All rights reserved. - Legal Notice