The rice to be exported was grown in an eco-friendly method. But until now, the government has never allowed rice exports out of fear that doing so could spur foreign countries to demand Korea fully open its rice market to imports. That means rice exports will have to be less than the amount of rice that Korea imports. A ministry official said, "The government will allow home-grown rice exports to the point that exports do not disturb the domestic rice supply and demand, and Korea can...

The Government is keeping cautious about rice exports; therefore, it will only consider adjusting the rice export goal in the third quarter of the year. Vietnamese rice exporters have signed contracts to export 3. Though rice exporters still have quotas for export, they should not sign more contracts at this moment, as the yield of the next crop remains uncertain. mil tonnes of rice, while the Government previously decided that rice exports would be 4. Enterprises are not being guided in...

This, coupled with consecutive years of disappointment for rice and sugarcane yields, and farm fuel costs that doubled in the past year-and-a-half have pushed many out of agriculture, Cormier said. Crawfish farmers were affected as well, because the mudbugs feed on leftover rice, among other things. Many head into this summer hoping for rain, because it could be the difference financially between a profitable yield or not farming again. Banks seem more hesitant too because of poor yields...

But the market is only open to growers or those who have retired from the rice industry. Listing the company on the National Stock Exchange will make it possible for growers to trade their shares but the market is not open to the general public. The move comes after another year of reduced rice production due to drought but SunRice says it is not trying to raise capital and has no plans for a public float in the future. Only people growing rice or retired growers will be eligible to trade...

However, the country has not exported any rice so far mainly because its rice is too expensive and because exports would hurt efforts to protect its domestic market from foreign imports. Korean rice would be about three or four times more expensive than locally produced rice in the U. Before the agreement, South Korea had restricted imports to 4 percent of the local rice market. It was only in the 1990s that the country's rice production began exceeding demand. The deal calls for Seoul to...

Various agricultural experts have been roped in to provide tips and information to farmers at the specially opened "Kisan Khet Schools" Farmers attending these specially organised classes are motivated to take up Basmati crop cultivation besides being provided the high quality seed on subsidized rates under the scheme. Few villages have been selected under this scheme and training is being imparted about the methods of cultivating export quality Basmati rice. Ranjit Singh another farmer...

Rice hoarders cause 100 percent price hike AHMED MALIK KARACHI (June 14 2007): In spite of the fact that Pakistan is one of the largest rice producing countries, having annual production of more than 5 million tons, it is facing an unprecedented price hike mainly because of unchallenged and unchecked hoarding by profiteers, traders said. Rice hoarders cause 100 percent price hike AHMED MALIK KARACHI (June 14 2007): In spite of the fact that Pakistan is one of the largest rice producing...

The second phase of the Japan-Vietnam Joint Initiative, an agreement of co-operation on science and technology for 2006 and on-going negotiations on an Economic Partnership Agreement would lay a strong legal foundation and a momentum for further bilateral relations, said Minh. Vietnam is emerging as a reliable destination for Japanese investors and many Japanese businesses have been operating profitably in the market, said the senior trade expert. The second phase of the Japan-Vietnam...

Under the existing law, the agency is allowed to buy up to 2.2 million tons of rice from local farmers, including 1.9 million tons earmarked as subsidized rice for the poor. Speaking to the press here on Friday, Bulog chief Mustafa Abubakar said at least 10 heads of the agency's regional division offices had expressed readiness to buy up to 1.73 million tons of rice from local farmers until the end of 2007. Previous Stories Italy to scrap 9.3 mln euro Indonesian debt in exchange for...