Global Trade Alert
Global Trade Alert

Republic of Korea: Government purchases 400'000 tonnes of rice from the 2023 harvest

Announcement

30 Aug 2023

In August 2023, the South Korean Ministry of Agriculture, Food, and Rural Affairs announced that the Government would purchase 400'000 tonnes of rice from the 2023 harvest to stabilise rice prices and reduce oversupply.

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

30 Aug 2023

Revocation date:

31 Dec 2023

Announced: 30 Aug 2023
Price stabilisation
On 30 August 2023, the South Korean Ministry of Agriculture, Food, and Rural Affairs announced that the Government would purchase 400'000 tonnes of rice from the 2023 harvest between 30 August and 31 ...
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Liberalising Trade Policy Measures

This Thread tracks liberalising trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

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186

jurisdictions