South Korea: Glutinous rice also sells sluggish and prices fall

Glutinous rice producing areas are complaining of difficulties due to sluggish glutinous rice sales and excess inventory. The decline in rice prices has emerged as the biggest issue in the agricultural industry, but glutinous rice is being marginalized from policy and social attention because it is a coarse grain. Recently, Gangwon Agricultural Cooperatives, all of their employees, are trying to find a source of demand for sticky rice. He said that he has 600 tons of sticky rice from 2021, but there is no place to sell it. We are inquiring about affiliated distributors such as Nonghyup Hanaro Mart, but there is no clear solution yet. According to the grain industry, glutinous rice is eaten mixed with rice or consumed a lot as rice cakes. In particular, it is understood that the amount used for rice cakes for events such as weddings is considerable. However, due to the prolonged COVID-19 outbreak, large and small events have been suspended or reduced, resulting in a ...