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Photo: YONHAP News
With the rice harvesting at its lowest level in 52 years this year due to typhoons, etc., the government plans to supply the rice in stages from the end of next month through storage.
On the 20th of this month, the Ministry of Agriculture, Food and Rural Affairs announced that it had decided on this year’s rice supply and demand stabilization measures through the Committee for the stability of demand and cereal offer on the 20th of this month.
According to the National Statistics Bureau’s announcement on the 12th of this month, rice production this year was 3.15 million tons, the lowest in 52 years due to the long rainy season and subsequent typhoons. .
This is the result of a decrease of 120,000 tons from the government’s forecast production.
Therefore, the Ministry of Agriculture and Food plans to supply the market with a total of 370,000 tons first, taking into account the reduction in production and the required quantity.
However, the Ministry of Agriculture and Food explained that the volume will be fully adjusted in consideration of changes in rice demand and market conditions.
At the same time, the supply period was decided after the harvest season, preferably after the end of the following month.
In particular, to minimize market shocks such as fluctuations in rice prices, we have decided to supply them in a certain quantity.
However, he explained that even during the harvest season, the timing of supply can be changed if the uncertainty of supply and demand intensifies.
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