China has agreed on a protocol to allow imports of U.S. rice, according to a statement released on Thursday [20 July 2017] by a Chinese delegate to the first China-U.S. Comprehensive Economic Dialogue (CED) in Washington, D.C.. The U.S. can begin shipping rice to China for the first time, after China completes an audit of U.S. rice facilities, the US Department of Agriculture announced…Full Article: ECNS.cn July 2017

Key Point

  • In 2015, China imported 3.4 million MTs of rice primarily from Vietnam, Thailand, and Pakistan.

ChinaAg Comments

  • In February 2017, Chinese government announced the cultivation of high-quality (i.e. better coloration, texture, and aroma) paddy rice will be priority. As a result, a number of provinces stated they would produce high-quality rice including Hunan (666,667 hectares of high-quality rice) and Sichuan (1 million ha), as well as Chongqing Municipality (300,000 ha). A rice farmer in Jiangxi Province noted he sells high-quality rice for CNY 3 (USD 0.44) per kg. One such high-quality rice breed is called “926”. During the same month, China’s NDRC announced it would lower the minimum price for japonica rice to from CNY 3.10 to CNY 3 (USD 0.44) per kg.
  • In 2013, rice procurement prices for indica and japonica reached approximately USD 435 per MT and USD 485 per MT. The price increases affected the regions/provinces of Liaoning, Jilin, Heilongjiang, Jiangsu, Anhui, Jiangxi, Henan, Hubei, Hunan and Sichuan, and Guangxi.
  • From 2006 to 2011, Thailand was the primary supplier of rice to the China. Starting in 2010, a shift towards Vietnamese imports began to occur and by 2012, Vietnam overtook Thailand as the top supplier to China.
  • In 2009, rice procurement prices were raised by 16.9%, the largest increase (at the time) since the price scheme began.
  • In 2008, procurement prices for indica and japonica rice (China’s top rice varieties) totaled USD 221 to USD 235 per MT, respectively.
  • In October 1996, China’s State Council published a white paper setting a policy of 95% grain self-sufficiency for the country.

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