The price for public reserve rice purchases is expected to be in the 80,000 won range...a record high.

The final purchase price from the Agricultural Cooperatives is expected to be in the range of 73,000 to 76,000 won To maintain the current price and stabilize the rice industry also to improve the system and expand publicity This year's public reserve rice purchase price is expected to reach a record high in the 80,000 won range. According to the National Data Center, as of the 15th, the price of 80 kg of premium rice in the producing area was 228,164 won, up 0.1% (268 won) from the previous survey. Typically, prices fall during the harvest season, but this year, after reaching a high of 247,952 won on October 5, prices fell slightly before stabilizing in the 220,000 won range from last month. The public reserve rice purchase price is determined based on the average of nine harvest season rice prices surveys from October to December, and the average of the first eight surveys is 234,297 won. Although the results of the 25th survey have not yet been released, unless there is a ...