대한민국 곡물 및 시리얼 인사이트

[Reporter Kang-san Lee of the Korea Agricultural and Fishery Newspaper] On the 7th, South Jeolla Province urged the government to come up with measures to secure farm income and stabilize rice prices, such as isolating an additional 200,000 tons of rice from the market. South Jeolla Province Governor Kim Young-rok said in his proposal, “The government announced measures to stabilize rice prices, but it is not sending a clear signal to the market,” and “In reality, this government policy is being evaluated as a policy for intermediate distributors rather than farmers.” He continued, “If the current trend continues, the purchase price of public reserve rice for rice farmers is expected to fall by more than 10% compared to the previous year, which will reduce farm income by 1 trillion won nationwide,” and “The government promised to provide rice to farmers.”

MATIF corn with a choppy performance during the week.

Domestic rice production is continuing its slow decline in South Korea as the government incentivizes farmers to switch to planting alternate crops while also fostering a domestic wheat industry, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.