Global Trade Alert
Global Trade Alert

Republic of Korea: Government purchases 450'000 tonnes of rice from the 2022 harvest

Announcement

01 Sep 2022

In September 2022, the South Korean Ministry of Agriculture, Food, and Rural Affairs announced that the Government would purchase 450'000 tonnes of rice from the 2022 harvest to stabilise rice prices and reduce oversupply.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Sep 2022

Revocation date:

24 Sep 2022

Updated: 01 Sep 2022
Price stabilisation

On 1 September 2022, the South Korean Ministry of Agriculture, Food, and Rural Affairs announced that the Government would purchase 450'000 tonnes of rice from the 2022 harvest between 31 August an...

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