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Korea's Rice Stocks Surpass 1.5 Mil. Tons

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2011-03-01

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In contrast to concerns over rising international grain prices Korea's rice stocks surpassed 1.5 million tons last year.
The agriculture ministry said Tuesday that Korea stored 1.5-1 million tons of rice during November 2009 to October 2010 period thanks to an increase in the nation's rice production and imports.
This is the largest amount of rice stocks held in the country since 1994.
Government officials say that as rice consumption is constantly decreasing in the nation there needs to be fundamental measures to counter surging rice imports and production.
Reporter : jjeoh@arirang.co.kr

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