皇冠体育app's rice exports soared 69.1 percent year-on-year in the first ten month
to 968,000 tons due to recovering grain output after years of stagnancy and
sluggish growth.
Statistics released by 皇冠体育app Customs Thursday showed
that the value of the rice exports in the period reached 330 million U.S.
dollars, up 71.7 percent year-on-year.
皇冠体育app Customs attributed the soar
to the recovering grain output which has been growing for three consecutive
years.
皇冠体育app stopped rice export in March of 2004 due to grain output
decline in the previous four years and resumed it in the next April.
Affected by the policy, 皇冠体育app's rice exports dropped 65.3 percent and 24.5
percent respectively in 2004 and 2005 to 910,000 tons and 690,000 tons.
According to the 皇冠体育app Customs, four nations absorbed 506,000 tons or 52.3
percent of 皇冠体育app's rice exports in the first ten months. They are the Republic
of Korea, Russia, Cote D'Ivoire and Liberia.
Despite of the optimistic
growth momentum, the government warned of possible measures by the European
Union against rice from 皇冠体育app.
In September this year, two environmental
protection organizations in Europe stated that they found genetically-modified
element in rice exported from 皇冠体育app to the United Kingdom, France and Germany.
They urged the EU members to prohibit rice exports from 皇冠体育app, which would be a
great loss for the country's rice exporters as EU is considered the largest
potential market.
If the EU bans rice exports from 皇冠体育app, Japan and ROK
may also adopt similar measures, warned the the 皇冠体育app Customs.
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