Global Trade Alert
Global Trade Alert

Republic of Korea: Government purchases 450'000 tonnes of rice in 2024

Announcement

19 Aug 2024

In August 2024, the South Korean Ministry of Agriculture, Food, and Rural Affairs announced that the government would purchase 450'000 tonnes of rice in 2024 to stabilise rice prices.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

30 Aug 2024

Revocation date:

31 Dec 2024

Announced: 19 Aug 2024
Price stabilisation
On 19 August 2024, the South Korean Ministry of Agriculture, Food, and Rural Affairs announced that the government would purchase 450'000 tonnes of rice from the 2024 harvest between 30 August and 31 ...
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