Taiwan: Rice is on its last mile to balance production and sales

Published 2024년 9월 15일

Tridge summary

Taiwan's unique public grain rice purchase system aims to ensure food security by buying rice at a guaranteed price to maintain a minimum stock of three months worth of rice for the nation. The purchase price has seen increases, last adjusting in 2011, with proposals for increases due to rising production costs. However, concerns have been raised about the potential impact on farmers and the incentive for them to continue rice cultivation, leading to the introduction of policies like "1 set 2 to 3 plus 3" to diversify farmers' income sources. The article also discusses the history of domestic rice policy, the challenges of overproduction, and efforts to balance production and marketing. It highlights the importance of improving the quality and market competitiveness of domestic rice through the introduction of excellent rice varieties and the establishment of professional areas for rice production and marketing. Additionally, it addresses the health perspectives on rice consumption in light of weight-loss trends, emphasizing the need for correct dietary information.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In order to ensure food security, many countries have established public grain rice inventory systems. However, Taiwan is the only country in the world to purchase public grain rice at a guaranteed price. The domestic public grain rice purchase price has increased by 3 yuan per kilogram since 2011 and subsidizes drying, packaging, stacking and other costs2 After the Yuan Dynasty, there has been no adjustment for 13 years. Considering that the production costs of rice farmers have increased a lot in the past 10 years, the opposition group proposed a proposal during the first session of the 11th Legislative Yuan this year (2024), and the Yuan Council decided to increase the purchase price by 5 yuan per kilogram. However, in view of raising the purchase price and increasing the incentives for farmers to plant, it may lead to an increase in domestic rice cultivation area, an increase in rice volume and a decrease in price, and a low price of grain, hurting farmers, forming a vicious ...
Source: Agriharvest

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