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 imports under 2005 MMA, 2006 MMA?
Under the 2005 rice minimum market access (MMA) quota, the Korean government has recently fulfilled its 2005 MMA commitment by purchasing Australian medium grain brown rice. In the third tender for Australian rice held on June 20, 2006, Korea purchased #3 Australian 10,033 mt of medium grain brown rice at US$ 498.88 per mt CIP Korea by November 30, 2006. Korea failed to purchase Australian rice in the previous two tenders because of the lack of supply of short grain rice from the 2005 crop. Australia agreed with Korea to supply 10,033 mt of #3 medium grain brown rice from the 2006 crop instead of short grain rice originally intended under the MMA. The original agreement stipulated 993 mt of milled rice for table use and 8,930 mt of brown rice for processing.

Korea: 2005 Rice Tender Results under MMA TRQ Specification Quantity (mt) Milling Type Price (US$/mt, arrival basis)
Origin
Medium Grain # 1 2,752 Milled 564.88 U.S.A.
Medium Grain # 3 2,752 Milled 532.00 U.S.A.
Medium Grain # 3 6,782 Brown 490.45 U.S.A.
Medium Grain # 3 15,000 Brown 530.85 U.S.A.
Medium Grain # 3 15,000 Brown 531.45 U.S.A.
Medium Grain # 3 19,524 Brown 533.95 U.S.A.
Short Grain # 1 6,383 Milled 568.45 China
Short Grain # 3 6,384 Milled 530.88 China
Short Grain # 3 12,435 Brown 497.45 China
Short Grain # 3 30,000 Brown 498.45 China
Short Grain # 3 20,000 Brown 498.45 China
Short Grain # 3 40,000 Brown 497.45 China
Short Grain # 3 24,880 Brown 498.45 China
Long Grain # 1 1,646 Milled 381.50 Thailand
Long Grain # 3 1,647 Milled 369.00 Thailand
Long Grain # 3 3,391 Brown 314.57 Thailand
Long Grain # 3 15,000 Brown 318.38 Thailand
Long Grain # 3 14,633 Brown 324.98 Thailand
Medium Grain # 3 10,033 Brown 498.88 Australia


Under the 2006 MMA, Korea is expected to purchase 245,922 mt of rice during the second half of 2006. During the U.S.- Korea Rice MMA consultation held on July 14, 2006, the Ministry of Agriculture and Forestry (MAF) indicated that the tenders for 2006 MMA quotas will be announced around the end of August or early September 2006. This timeframe should allow MAF to complete the import of rice for processing and buying contracts for table rice by the end of CY 2006 with table rice deliveries expected in early 2007.
The table rice portion of the 2006 MMA will be 14 percent of the total MMA (34,429 MT, milled). Only countries with country specific quotas (CSQs) are eligible to fill this portion of the quota. The United States is allotted 24.4 percent of all CSQs (50,076 mt from a total CSQs of 205,228 mt). The U.S. allotment of table rice exports will be 14 percent of 24.4 percent of the total MMA (245,922 mt) or 8,400 mt. China, Thailand and Australia’s table rice quotas will be determined by a similar formula. During the July 14 rice consultations the Korean government indicated that it may tender for different U.S. rice varieties this time, but it is anticipated that the 2006 MMA tender will mostly likely once again be for U.S. medium grain.

Korea: Allocation of the MMA for 2005-2014 (MT, milled rice)
Calendar Country Specific Quota (CSQs) Year
Total Global Quota Total USA China Thailand Australia
2005 225,575 20,347a/ 205,228 50,076 116,159 29,963 9,030
2006 245,922 40,694 205,228 50,076 116,159 29,963 9,030
2007 266,269 61,041 205,228 50,076 116,159 29,963 9,030
2008 286,616 81,388 205,228 50,076 116,159 29,963 9,030
2009 306,963 101,735 205,228 50,076 116,159 29,963 9,030
2010 327,310 122,082 205,228 50,076 116,159 29,963 9,030
2011 347,657 142,429 205,228 50,076 116,159 29,963 9,030
2012 368,004 162,776 205,228 50,076 116,159 29,963 9,030
2013 388,351 183,123 205,228 50,076 116,159 29,963 9,030
2014 408,698 203,470 205,228 50,076 116,159 29,963 9,030
MGR Archive 31.7.2006
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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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