Trade and markets
 

Detail

Area
Republic of Korea
Commodity Group
Rice
Commodity
All
Date
01/01/2014
Policy Category
Production
Policy Instrument
Production support
Description
Raised direct area payments to rice farmers under the Rice Income Compensation Act by 13 percent to Won 900 000 (USD 837) per hectare. The rice target price used to calculate deficiency payments was also raised by 11 percent to Won 188 000 per 80 kilos (USD 2 186 per tonne).
Notes
Exchange rate as of 15 March 2014.