The Korean government purchased a large number of products, creating "the most in history"

Author:Global Times Time:2022.09.26

In order to stabilize the price of rice, the Korean government acquired 450,000 tons of rice

According to the Yonhap News Agency on the 25th, in order to stabilize the price of rice that stabilized the recent plunge, the South Korean government decided to acquire 450,000 tons of rice to separate it from "market isolation", which was the highest in history.

The "Korean Daily" explained that the "market isolation" measures for rice refers to the purchase of rice that exceeds domestic demand, and the funds are subsidized by the government. Park Junghehe, a spokesman for the National Police Party of Korea, announced the above decision at a press conference on the 25th. It is called preventing rice prices from falling. 10,000 tons of Xinmi, and add 200,000 tons of Chenmi. Park Junghe also said that from next year, strategic crops will adopt a direct subsidy system to expand the cultivation of rice, wheat, soybeans and coarse grains to ensure the balance of supply and demand in the market and strengthen food security.

At present, South Korea's rice price has plummeted to the lowest level of nearly 45 years. According to the statistics of the Ministry of Food and Food and Forestry, rice prices have fallen since October last year. September this year was 407.25 million won per 20 kg of rice, a year -on -year decrease of 24.9%, which is the largest decline since relevant statistics. They believe that through this acquisition, rice prices will return to appropriate levels.

In addition, the South Korean government also plans to purchase 450,000 tons of rice in the name of "public reserve rice". The rice acquired by the government will reach 900,000 tons, which is equivalent to 23.3%of this year's output.

Global Times Han Wen

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