date:Jul 18, 2014
ur to locally grown grain.
According to South Korean customs and government data, Thai rice in 2013 fetched an average of $566 per tonne on a cost, insurance and freight (CIF) basis - about a quarter of South Korean rice prices. U.S. rice cost $723 per tonne and Chinese $972, the numbers showed.
Meanwhile, some experts noted that any policy change would come against a background of gradually declining rice consumption in Asia's fourth-largest economy, as more Western foods creep into diets.
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