oversupply Archives | Be Korea-savvy

Gov’t Forms Committee to Deal with Oversupply of Vegetables

SEOUL, Jun. 12 (Korea Bizwire) — The Ministry of Agriculture, Food and Rural Affairs established the Vegetable Industry Development Planning Committee on Tuesday to prevent an oversupply of vegetables as an increasing number of single-person households are purchasing fewer vegetables at the market. “An oversupply of vegetables is becoming more severe as single-person or double-income [...]

S. Korea’s Rice Production Drops to Lowest Level in Nearly 40 yrs

SEJONG, Nov. 14 (Korea Bizwire) — South Korea’s rice output fell to the lowest level in nearly 40 years in 2017 amid the government’s efforts to tackle the yearslong oversupply of the staple grain, data showed Tuesday. The country’s rice production reached 3.97 million tons this year, down 5.3 percent from 4.2 million tons produced [...]