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
Australian rice gains long-term access to South Korean market
RICE growers have won long-term access to the South Korean market in a deal worth up to $7 million.

The agreement, after months of talks, will boost the water-intensive industry, which has been hammered by successive droughts in recent years.

South Korea - one of the world's biggest consumers of rice - has agreed to take 10,000 tonnes of Australian brown rice every year for the next decade.

"This breakthrough follows extensive high-level government negotiations between our two countries," federal Agriculture Minister Peter McGauran said. "Work has been under way over the past six months to refine the specifications, to facilitate commercially viable trade.

"South Korea is the eighth largest per capita consumer of rice, and this new access confirms the reputation of Australian ricegrowers as among the most efficient in the world."

Australia's monopoly rice exporter, SunRice, welcomed the deal, but could not put a price on the deal.

Drought, however, has had a devastating effect on the industry, which is confined to irrigation areas in the Riverina region of NSW and a handful of farms over the border in Victoria.
MGR Archive 20.7.2006
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