South Korea: Government to isolate 450,000 tons of rice to prevent falling price
Rice
South Korea
Published Sep 26, 2022
Tridge summary
The government has decided to quarantine 450,000 tons of rice from the market during the rice harvesting season, October to December, in order to prevent a sharp drop in rice prices. Although some recovery in rice prices is expected due to the largest harvest season rice market quarantine ever, the Democratic Party of Korea plans to continue pushing for the compulsory rice purchase law (grain management law). Experts point out that measures to fundamentally reduce the area of rice production should be pursued.
Original content
Kim Won-gi (75), who has been farming paddy fields for over 50 years in Nusan-ri, Yangchon-eup, Gimpo-si, Gyeonggi-do, sighs while looking at the fields after harvesting rice. By Yoon Un-sik, senior staff reporter yws@hani.co.kr The government has decided to quarantine 450,000 tons of rice from the market during the rice harvesting season, October to December, in order to prevent a sharp drop in rice prices. Although some recovery in rice prices is expected due to the largest harvest season rice market quarantine ever, the Democratic Party of Korea plans to continue pushing for the compulsory rice purchase law (grain management law). Experts point out that measures to fundamentally reduce the area of rice production should be pursued. Deputy Minister of Agriculture, Food and Rural Affairs Kim In-jung held a press conference at the government complex in Sejong on the 25th and delivered the results of the high-level party and government discussion held at the Prime Minister's ...
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