South Korea boosts rice reserves, raises upfront payment to farmers

By Mun Su-bin The Ministry of Agriculture, Food and Rural Affairs said on the 25th that it will stockpile 400,000 tons of rice this year. The ministry plans to raise the interim settlement payment per sack (based on 40 kilograms of unmilled rice) for rice purchased from farms from 40,000 won to 60,000 won. That day, […] The post South Korea boosts rice reserves, raises upfront payment to farmers…