South Korea to scrap rice import caps from start of next year: reports

By Meeyoung Cho SEOUL (Reuters) - South Korea will on Friday announce plans to scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, domestic media including the state Yonhap news agency reported on Thursday. While the possible move is unlikely to spark a short-term surge in rice imports as hefty tariffs would deter buyers ...



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