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How Much Does Rice Cost In China?

How Much Does Rice Cost In China

China – Rice – price, June 2022
CNY 7.960
USD 1.120
EUR 1.081

The cost is 1.12 dollars. The international average price is 1.72 USD. The database contains 92 nations. (USD for one kilogram, per GlobalProductPrices.com) Definition: The prices reflect 1 kilogram of long-grain white rice. Adjustments were made to the different international units of measurement in order to standardize the kilogram.

What does China’s rice price have to do with anything?

What does that have to do with it? is a phrase indicating a non sequitur or irrelevant remark in the present topic. What does that have to do with the price of tea in China? is a typical response to a proposal that is irrelevant.

Made in China Does Not Equal Low Cost in China The image of China as a low-cost producer has not been reflected in its costs. Many commodities, particularly luxury items, are more expensive in China than in other countries.

Why does China import rice from America?

XIAMEN, CHINA – Following over a decade of regulatory and political work by USA Rice to create a two-way trade relationship with China, the first commercial cargo of American-grown rice was unloaded in China earlier today. ADM Rice, Inc. sold the premium, medium-grain Calrose rice farmed in California to a private importer under the brand name ‘Sungiven’ for retail distribution.

China is the greatest producer and consumer of rice in the world, and second only to the Philippines in worldwide rice imports. The World Agricultural Supply and Demand Estimates Report from the U.S. Department of Agriculture forecasted last month that China would eat more than 146 million MT of rice this year, dwarfing the 4.6 million MT expected for American consumption.

Buzz Burich, vice president of ADM Rice, stated, “As seasoned exporters, this tiny consignment of California milled rice sounded normal at first, but the myriad logistical obstacles of exporting to this new market proved to be one of our most complex transactions to date.” Burich continued, “This shipment would not have been feasible without the collaborative efforts of ADM Rice of Arbuckle, California, the USA Rice Federation, U.S.

  1. Department of Agriculture authorities, and our respected Chinese retail client, Sungiven.
  2. We expect that this initial collaborative effort will result in more U.S.
  3. Rice exports to China and help to the strengthening of commercial ties between the two countries.” “We are thrilled to witness the first shipment of U.S.-grown rice to China after the January U.S.-China Phase One Agreement,” said Bobby Hanks, chairman of USA Rice and the USA Rice International Trade Policy Committee.

“We expect that more private and government customers would come forward to acquire U.S. rice. As a dependable source of high-quality long, medium, and short grain, the United States is well positioned to assist meet some of China’s future import demand.” Hanks continued, “USA Rice has spent a number of years collaborating with the U.S.

  • And Chinese governments to enable sales and shipments.
  • We have also put substantial promotional dollars into the industry for over 15 years in order to create connections with importers and initiate the development of product demand.
  • Our recent reverse trade trips have proven that the Chinese customers who have visited our rice farming and milling facilities in the United States are interested in our product, and these efforts have now begun to bear fruit in the form of purchases.” A USA Rice-hosted reverse trade mission for Chinese importers to Arkansas, Louisiana, and California in December 2019 contributed to this transaction and final shipping.

China’s rice market has a need for all varieties of American rice, therefore all rice-growing regions in the United States stand to gain. China’s surrounding nations now produce the majority of their required rice, but access to U.S.-grown rice adds another premium choice to the market for customers who favor sustainability and great food safety.

Under the conditions of the phytosanitary agreement negotiated between the governments of the United States and China, all rice entering China must be milled, packed, and sourced from a pre-approved export facility. Currently, there are 32 export facilities licensed among the six major rice-producing states.U.S.

rice entering China under their tariff rate quota is subject to a 1% in-quota charge and a 25% retaliatory duty. In the majority of instances, importers in China may petition to have the retaliatory duty waived.