AreaRepublic of Korea

Commodity GroupRice

CommodityAll

Date20/09/2018

Policy CategoryProduction

Policy InstrumentGovernment procurement

DescriptionAnnounced that the Government would purchase 340 000 tonnes of rice from the 2018 harvest between 25 September and 31 December 2018, in order to refurbish stockpiles and stabilize local prices. An additional 10 000 tonnes would be purchased as the country's contribution to the ASEAN Plus Three Emergency Rice Reserve (APTERR).