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Rice wins 18,000t of new market access in Taiwan
Rice wins 18,000t of new market access in Taiwan Monday, 16 July 2007

A new market has been won for Australian rice growers after almost five years of intense lobbying through the World Trade Organisation. Australia can now export more than 18,000 tonnes of rice every year to Taiwan as a result of the WTO deal, which provides Australian ricegrowers with a new country-specific quota and long-term access to the market.

According to the Federal Government, the country specific quota replaces the previous global quota for rice imports used by the Taiwanese authorities, providing greater certainty for our industry.

Four countries - the United States, Thailand, Egypt and Australia - have been allocated a country specific quota as part of the WTO pact.

Australian ricegrowers will also continue to be able to compete under Taiwan's global quota.

Trade Minister Warren Truss said the new quota for 18,634 metric tonnes of Australian rice each year is "welcome news for an industry which has been hard hit by the drought and water restrictions".

"This is further evidence of Australia's ability to achieve meaningful market access outcomes for our farmers through the WTO," Mr Truss said.

Australia now has country specific quota access for rice to Taiwan, the Philippines and Korea – three of the largest markets for rice in the world.

Mr Truss said the timing of the first export shipment to Taiwan has not been decided at this stage, but will be the subject of further discussions between Government and industry.

One of the world's largest rice food companies, SunRice, has applauded the outcome, which was achieved despite strong opposition from other rice-growing countries.

SunRice chairman, Gerry Lawson, says Taiwan's proximity is an advantage for the Australian industry, which can also compete on quality.

SunRice has been supplying Australian grown rice to Taiwan since 2002, but the new quota will create opportunities for future growth in the market.

"The annual export revenue generated from this initiative will benefit New South Wales rice farming families, the communities of the Riverina region and ultimately the Australian economy," Mr Lawson said.
MGR Archive 16.7.2007
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Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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