SEOUL, May 24 (Korea Bizwire) — The Ministry of Agriculture, Food and Rural Affairs announced on Tuesday its intention to dispose of surplus government grain (rice) by the end of this year, aiming to reduce the excess stockpile. The grain will be utilized for alcohol production and animal feed. Last year, the ministry purchased a [...]
SEOUL, April 6 (Korea Bizwire) — South Korea will reduce rice paddy areas and implement various measures to promote the consumption of the staple grain in a move to prevent rice prices from falling and stabilize the market, the agriculture ministry said Thursday. The government set the target price for harvested rice at 200,000 won [...]
SEOUL, March 16 (Korea Bizwire) — South Korea’s import prices of grains have jumped nearly 50 percent over the past two years to a near nine-year high amid the prolonged coronavirus pandemic, data showed Wednesday. Prices of imported grains came to US$386 per ton in February, up 26 percent from a year earlier and 47.4 [...]
SEOUL, Feb. 4 (Korea Bizwire) — The amount of wheat and other grains brought home by South Korean agricultural firms more than doubled in 2020 from a year earlier, data showed Thursday, in line with the country’s efforts to revamp its national food security. The combined amount of grains excluding rice imported through South Korean [...]