Gyeongnam Province Begins Purchase of 2020 Public Reserve Rice in Dry Paddy Form

Purchase of 23,000 tons of fresh rice by November 20 and 49,000 tons of dried rice by December 31

Jung Jae-min, Director of the Agricultural Policy Bureau of Gyeongnam Province, is visiting the purchase site to offer encouragement. (Photo by Gyeongnam Province)

[Asia Economy Yeongnam Reporting Headquarters, Reporter Kang Sharon] Gyeongsangnam-do announced on the 5th that it has started purchasing 2020 public stockpiled rice in dried paddy form.

The province plans to purchase a total of 72,000 tons of public stockpiled rice by December. It will buy 23,000 tons of unprocessed paddy (paddy not dried after harvest) by the 20th, and 49,000 tons of dried paddy daily until December 31.

The purchase price will be based on the average price of rice at production sites surveyed by the Statistics Korea every 10 days from the 5th to December 25. Immediately after purchasing the paddy, an interim payment of 30,000 KRW per sack (40kg/rough rice) will be paid to farmers first, and the remaining balance will be settled and paid by the end of the year after the purchase price is finalized.

To enhance the quality of government grain stocks, the varieties of paddy eligible for purchase are designated up to two per city or county by region. Farmers who participate in sales with varieties not designated will be excluded from the public stockpiling purchase target farms for five years.

Jung Jae-min, Director of the Agricultural Policy Bureau of Gyeongnam Province, visited the purchase site to encourage officials and said, “To prevent the spread of COVID-19, all personnel at the purchase inspection site must comply with quarantine guidelines so that farmers can safely ship their paddy.” He also requested cooperation “to ensure timely shipment so that all high-quality paddy can be purchased within the period.”

This content was produced with the assistance of AI translation services.