South Korea is bracing itself for a liberalisation of its rice market when international concessions designed to protect its rice farmers come to an end this year.Saturday, 24 April, 2004, 12:00am
The central government has decided to increase the price it pays farmers for rice by about 21 per cent as an incentive for farmers to keep growing the staple.
The minimum purchase price of early-season indica, the most widely cultivated subspecies of rice in China, is 1.4 yuan a kg this year, compared to 1.16 last year.30 Mar 2004 - 12:00am
Rice prices are set to tumble in the New Year after import quotas are lifted, with one supermarket already cutting prices by up to 50 per cent in anticipation of increased competition.
Under current rules - introduced to stabilise supply during the Korean War in the 1950s - the SAR's 55 licensed rice importers have weight quotas set by the government.28 Dec 2002 - 12:00am
Hundreds of elderly people scrambled to pick up coins tossed in the air by rice-shop owners in Shamshuipo to mark the Hungry Ghosts Festival yesterday.
But a concern group criticised the organisers for failing to show respect and consideration to the elderly, who had to bend down to pick up the $1 and $2 coins.26 Aug 2002 - 12:00am
Police were called to maintain order in Wong Tai Sin yesterday after hundreds of outraged elderly people, who had queued for hours in the rain for a free bag of rice, were told supplies had run out.
The So Loi Ching Association, a Buddhist group, had intended to hand out 500 five kilogram bags of rice to those aged 65 and over. The gesture was to mark Buddha's birthday.20 May 2002 - 12:00am
GIRL POWER IS BACK. Hong Kong's copycat band the Rice Girls stopped riding the coat-tails of Posh, Scary, Baby, Sporty and Ginger two years ago. But by dropping the Girls tag and becoming simply Rice, the five have made a comeback, determined to find an identity of their own.29 Mar 2002 - 12:00am
Despite the popular belief that China has enough rice to feed the world, Hong Kong's leading rice distributor believes the mainland is hungry for imported rice and sees a market with untapped potential.31 Aug 2001 - 12:00am
SCIENTISTS TYPICALLY make rewarding breakthroughs in the laboratory, poring over data or into microscopes. Rice researcher Glenn Gregorio, who is trying to add nutritional value to Asia's staple food, made his in a convent.13 Jul 2001 - 12:00am
The income of millions of Chinese farmers will fall this year.
Despite a significant drop in production, the price of the grain they sell has not risen and they have no other source of income.
Official media has described the plight of those farmers who rely on grain rather than more profitable cash crops such as tobacco, vegetables and fruit.17 Nov 2000 - 12:00am
A frustrated abode-seeker was jailed yesterday for throwing an electric rice cooker out of the window of his third-floor flat, smashing the rear window of a car waiting at a traffic light below.
Hung Jinbing, 37, unemployed, was jailed for two months after pleading guilty to hurling the cooker out of the window in King's Road, North Point, on July 23.4 Aug 2000 - 12:00am
The level for reserve stocks of rice will be reduced from 45 to 21 days' consumption next year.
This means importers need only keep 19,000 tonnes instead of 40,000 from next January, Secretary for Trade and Industry Chau Tak-hay said yesterday.
He said the Government is to open the rice market in the next few years.20 Jan 2000 - 12:00am
The long-standing policy of keeping a reserve stock of rice should be scrapped when the market is opened in three years, advisory group members said yesterday.
The planned pace of liberalising the trade was too slow and a two-year transition period was unnecessary, members of the Rice Advisory Committee said.8 Jan 2000 - 12:00am
The 45-year-old rice import system is set to be scrapped, with consumers likely to benefit from an initial price war.
The quota system and licensing mechanism on importers and wholesalers would be replaced by a new registration scheme by 2003, industry sources said.
However, the Government will retain the long-standing policy on rice storage.7 Jan 2000 - 12:00am
IN a field near Ubud, in the hill regions of Bali, an exotically named zitting cistacola bird flits in an anxious manner. There have been two rice crops in that region every year for centuries, and the bird's muddy nesting habits among the rice plants have adapted to fit.26 Sep 1999 - 12:00am
Golden Resources Development International reported a 14 per cent fall in attributable profit to $18.7 million for the first six months to September 30. The rice distributor said the Hong Kong rice business had been performing satisfactorily. The board recommended an interim dividend of one cent.11 Dec 1998 - 12:00am