Cultivation of ‘long-grain rice’ in reclaimed land… Targeting domestic and export markets

Rice

Market & Price Trends

Published Mar 29, 2024

Tridge summary

The Ministry of Agriculture, Food and Rural Affairs in South Korea is launching a pilot project to grow long-grain rice, targeting both domestic and international markets in response to the increased demand and dietary diversity influenced by a growing foreign population. Despite facing challenges such as higher production costs and lower yields compared to short-grain varieties, the ministry is optimistic about scaling up production to lower costs and improve cultivation and post-harvest technologies. The successful commercialization of long-grain rice by the Land Kkeut Red Clay Eco-Friendly Farming Association in Haenam, Jeollanam-do, showcases the potential for this initiative. Furthermore, the ministry is considering incentives for farmers to cultivate long-grain rice, including potential inclusion in the strategic crop direct payment system, to help manage the country's rice oversupply issue.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

It has been revealed that the Ministry of Agriculture, Food and Rural Affairs is pursuing a pilot cultivation project for long-grain rice with the goal of targeting domestic and export markets. Long-grain rice is long and non-sticky and accounts for an absolute proportion of global consumption demand. The Ministry of Agriculture, Food and Rural Affairs entered into the project because it judged that the demand for long-grain rice has increased as the number of foreigners staying in the country has recently increased and people's rice consumption has diversified. As a result of the postponement of rice tariffication, 4,000 tons of the 44,000 tons of rice for rice that is mandatory to import are long-grain varieties from Thailand and Vietnam, and the price rose from 1,300 to 1,500 won per kg to 2,300 to 2,400 won at the end of last year. An official from the Ministry of Agriculture, Food and Rural Affairs said, “We believe that the increase in domestic demand is the cause of the ...

Source: Nongmin