Korean rice, captivating the taste buds of people around the world

Published 2024년 10월 8일

Tridge summary

Nonghyup, a South Korean agricultural cooperative, has invested 100 billion won to boost the export and processed rice products, aiming to increase the price competitiveness of Korean rice and expand export volume. The strategy has led to significant growth in rice exports, with a total of 1,700 tons shipped to several countries, including the US, Australia, and New Zealand. This success is attributed to the logistics cost support, price competitiveness, and marketing efforts targeting both existing and new markets, especially among the Korean diaspora and European countries. The company's focus on promoting the taste of Korean rice globally, especially short-grain varieties, which have a smaller market share, is expected to further boost exports and achieve the annual export target earlier than projected.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Nonghyup invests 100 billion won Eat breakfast movement, support exports and processed rice products Increase the price competitiveness of our rice and expand export volume Local government support added to rice exports promoted by regional agricultural cooperatives Nonghyup's efforts to capture the taste of people around the world with our rice are attracting attention. According to Nonghyup Economic Holdings, as of the end of last month, Nonghyup exported about 1,700 tons of rice, including 600 tons to the US, 400 tons to Australia and New Zealand, 300 tons to Europe, 150 tons to Canada, 200 tons to Southeast Asia, and 50 tons to China and Hong Kong. In addition, it decided to export 360 tons to Mongolia and held a shipping ceremony at the Daeya Agricultural Cooperative Rice Processing Center (RPC) in Gunsan, Jeollabuk-do on the 7th, raising expectations that this year's rice export target of 5,000 tons will be exceeded. # Nationwide rice consumption promotion movement, price ...
Source: Aflnews

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