SEOUL, May 8 (Korea Bizwire) – Data from the Korea Rural Economic Institute has revealed that South Korea had an annual average of 280,000 tons of excess rice supply over the past decade (2007 to 2016), a yearly surplus large enough to feed the 600,000-strong South Korean military for eight years. According to the institute, [...]
SEOUL, Feb. 27 (Korea Bizwire) – South Korea’s per capita rice consumption is forecast to hit a new low in 2017 due to people’s changing eating habits, a report showed Monday. The average annual consumption of rice per person is likely to reach 59.6 kilograms this year, compared with 61.9 kg a year earlier, according [...]
SEJONG, Jan. 24 (Korea Bizwire) – Per capita rice consumption in South Korea hit a fresh record low last year amid rapid changes in eating habits, government data showed Tuesday. The average annual consumption of rice per person fell to 61.9 kilograms last year, down 1.6 percent from the previous year’s 62.9 kg, according to [...]
SEOUL, Dec. 22 (Korea Bizwire) – The Ministry of Agriculture, Food and Rural Affairs announced Wednesday that it is importing 116,000 tons of rice – 25,000 tons for consumption and 91,036 for processing – to fulfil its WTO-regulated annual tariff-rate quota of 487,000 tons of rice. South Korea was given a 20-year grace period for [...]
MUAN, South Korea, Nov. 14 (Korea Bizwire) – Rice consumption in Korea is at all-time low, mainly driven by changing appetite, with the annual per-capita rice consumption dropping from 128.1kg in 1985 to 62.9kg in 2015. In a struggle against declining consumption, “functional rice” breeds are being introduced, highlighting features like weight loss, diabetes prevention, [...]
SEOUL, Nov. 2 (Korea Bizwire) – The South Korean government said Wednesday that it will dispose of up to 240,000 tons of rice in government stockpiles, a move partly aimed at keeping prices up. The amount compares with 100,000 tons disposed at the start of this year. The rice to be disposed was produced in [...]
SEOUL, Oct. 10 (Korea Bizwire) – Despite being the most crowded city in Korea, Seoul is still home to 602 rice farms. In 2015, some 3.49 million square meters of land were devoted to rice farming in Korea’s capital, producing 1,805 tons of rice, which roughly equals the total daily consumption of the city’s population [...]
SEJONG, Oct. 6 (Korea Bizwire) – The South Korean government said Thursday that it will purchase all of this year’s rice surplus as part of efforts to deal with a chronic supply glut of the staple crop. The Ministry of Agriculture, Food and Rural Affairs projected that some 300,000 tons of rice will be in [...]
SEOUL, Oct. 5 (Korea Bizwire) – Once a diet staple, rice consumption is rapidly declining in Korea. Over the past 30 years, Korea’s rice consumption per capita has more than halved, dropping from 128.1kg in 1985 to 62.9kg in 2015, with Koreans adopting Westernized diets seeking alternatives like wheat or bread. Amid the changing food [...]
SEOUL, Aug. 16 (Korea Bizwire) – The Korean diet has shifted rapidly over the past half century to become more westernized, with increased consumption of meat and a drop in rice consumption. According to a recent report by Nonghyup’s Livestock & Economy Research Institute, the average annual meat consumption per person for 2015 was 47.6kg, [...]