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
S. Korea to complete overland rice aid to N. Korea
SEOUL, Aug. 22 (Yonhap) -- South Korea is to deliver 50,000 tons of rice aid to North Korea overland this week as part of its promised loan of 400,000 tons of rice, officials said Wednesday.

"So far, 42,500 tons of rice aid to North Korea via an overland route have been delivered and the remaining 7,500 tons of rice will be sent before Friday," a Unification Ministry official said.

South Korea resumed shipping rice to North Korea in late June after more than a one-year hiatus as the North began taking steps toward nuclear disarmament. The aid, which consists of 250,000 tons of imported rice and 150,000 tons of domestic rice, will be delivered over the next few months.

North Korea is supposed to pay back US$152 million of the rice loan over 20 years after a 10-year grace period at an annual interest rate of 1 percent.

South Korea resumed shipments of fertilizer and other emergency aid to the North in late March, but withheld the loan of 400,000 tons of rice as an inducement for North Korea to start nuclear dismantlement following a landmark agreement reached in the six-nation talks in February.

In early June, inter-Korean ministerial talks ended without tangible results after North Korea protested the South's decision to withhold rice aid until after the North's initial steps towards denuclearization.

South Korea suspended all types of food and fertilizer aid to North Korea after the North conducted missile tests in July. Resumption of the aid was also stymied because of the North's nuclear bomb test in October, but the two sides agreed to put all inter-Korean projects back on track in early March. The last rice aid shipment was made in early 2006.
MGR Archive 23.8.2007
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