Voluntary Report - public distribution

**Date:** 04/04/2005

**GAIN Report Number:** TW5010

TW5010

**Taiwan**

**Grain and Feed**

**Second Private Rice Tender Results**

**2005**

**Approved by:**

![](media/image1.wmf)Scott Sindelar

American Institute in Taiwan

**Prepared by:**

Chiou-Mey Perng & Eric Trachtenberg

**Report Highlights:**

On March 31, Taiwan allocated the second 20,652 metric tons of its 2005
private rice import quota. The quota rights were awarded to 43 importers
through a competitive bidding at prices ranging from NT\$11.280/kg to
NT\$15.000/kg, with a weighted average of NT\$11.940/kg. The prices for
quota rights were lower than the first tranche allocated in November
2004 because of anticipate increases in 2005 production. These import
rights will be valid from January 1 through September 15, 2005. The
remaining 15,000 metric tons of quota will be allocated in one tranche
on 31 May 2005. As of April 1, the exchange rate was \$1 = NT\$31.78.

Includes PSD Changes: No

Includes Trade Matrix: No

Unscheduled Report

Taipei \[TW1\]

\[TW\]

**Private Sector Allocations for 2004, Second Tranche**

On March 31, Taiwan allocated the second tranche of 20,652 mt of the
2005 private sector rice quota (see Table 1). The quotas were awarded to
43 importers out of 88 bidders through a competitive bidding at prices
ranging from NT\$11.280/kg to NT\$15.000/kg, with a weighted average at
NT\$11.940/kg. (The current exchange rate is \$1 = NT\$31.78).

These import rights will be valid from April 1 to September 15, 2005.
Compared to last tranche's prices, both the maximum and minimum bid
prices and average prices were lower. The lower bid prices are likely a
result of improving weather for Taiwan's spring crop. The sufficient
rainfalls in 2005 are a marked change from last year's drought
conditions.

**Table 1. Taiwan 2005 Rice TRQ Allocation Results**

+------+--------+------------+--------+-----------+----------+--------+
| Pro  | Quota  | Quota      | Allo   | Max.      | Min.     | \# of  |
| duct | Amount | Validity   | cation |           |          | Alloc  |
| Name |        | Duration   | Date   | Bid Price | Bid      | ations |
|      |        |            |        |           | Price    |        |
+------+--------+------------+--------+-----------+----------+--------+
| Rice | 15,000 | Jan. 1/    | Nov.   | NT\$      | NT\$1    | 31     |
|      | mt     | Sept. 15   | 25     | 17.600/kg | 3.588/kg |        |
+------+--------+------------+--------+-----------+----------+--------+
|      | 20,652 | April      | Mar.   | NT\$      | NT\$1    | 43     |
|      | mt     | 1/Sept. 15 | 31     | 15,000/kg | 1,280/kg |        |
+------+--------+------------+--------+-----------+----------+--------+
|      | 15,000 | June       | May.   | NA        | NA       | NA     |
|      | mt     | 1/Sept. 15 | 31     |           |          |        |
+------+--------+------------+--------+-----------+----------+--------+
| T    | 50,652 |            |        |           |          |        |
| otal | mt     |            |        |           |          |        |
|      |        |            |        |           |          |        |
|      | (Note: |            |        |           |          |        |
|      | The    |            |        |           |          |        |
|      | per    |            |        |           |          |        |
|      | ki     |            |        |           |          |        |
|      | logram |            |        |           |          |        |
|      | we     |            |        |           |          |        |
|      | ighted |            |        |           |          |        |
|      | bid    |            |        |           |          |        |
|      | prices |            |        |           |          |        |
|      | were   |            |        |           |          |        |
|      | NT\$   |            |        |           |          |        |
|      | 14.330 |            |        |           |          |        |
|      | for    |            |        |           |          |        |
|      | the    |            |        |           |          |        |
|      | first  |            |        |           |          |        |
|      | t      |            |        |           |          |        |
|      | ranche |            |        |           |          |        |
|      | and    |            |        |           |          |        |
|      | NT\$   |            |        |           |          |        |
|      | 11.940 |            |        |           |          |        |
|      | for    |            |        |           |          |        |
|      | the    |            |        |           |          |        |
|      | second |            |        |           |          |        |
|      | tra    |            |        |           |          |        |
|      | nche.) |            |        |           |          |        |
+------+--------+------------+--------+-----------+----------+--------+