Global Trade Alert
Global Trade Alert

Republic of Korea: Government purchases additional 450'000 tonnes of rice in 2022

Announcement

25 Sep 2022

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

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

25 Sep 2022

Revocation date:

31 Dec 2022

Announced: 25 Sep 2022
Price stabilisation
On 25 September 2022, the South Korean Ministry of Agriculture, Food, and Rural Affairs announced that the Government would purchase an additional 450'000 tonnes of rice between 31 August and 31 Decem...
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