Gov’t to buy 400,000 tons of rice for public stockpile, raises interim payment 50% to 60,000 won per bag

by Kim Seong-guk The government will purchase 400,000 metric tons of rice this year for its public stockpile. The interim payment made to farmers upon delivery will rise 50 percent — from 40,000 won ($29) to 60,000 won per 40-kilogram bag of unhulled rice. A preferential purchasing scheme for low-protein eco-friendly rice will also be piloted […] The post Gov’t to buy 400,000 tons of rice for…