Gyeongnam Province to Purchase 91,000 Tons of Public Reserve Rice This Year

Dry Rice 63,000t, Paddy Rice 28,000t

The first purchase event for the province's public stockpiled rice in dried paddy form was held in Seopo-myeon, Sacheon-si, Gyeongnam.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Gyeongsangnam-do will begin the first purchase of dried rice among this year's public stockpiled rice starting from Seopo-myeon, Sacheon-si on the 1st.

According to the government's public stockpiled rice purchase plan, Gyeongnam Province plans to purchase a total of 63,000 tons of dried rice for public stockpiling by the end of the year.

Public stockpiled rice refers to rice that the government purchases from the private sector at market prices in a certain quantity to stockpile in preparation for emergencies such as supply instability due to food shortages and natural disasters, according to the Grain Management Act.

The province is also purchasing 28,000 tons of paddy rice, which is shipped immediately without drying, through the comprehensive rice processing center by November 30, and plans to purchase a total of 91,000 tons of public stockpiled rice this year.

Immediately after purchase, an interim payment of 30,000 KRW per 40kg will be paid to rice farmers, and the remaining balance will be finally settled and paid at the end of the year when the nationwide average farm gate rice price is confirmed.

Seo Yang-gwon, Director of Eco-friendly Agriculture, said, “We express our gratitude to the farmers who produced excellent rice despite difficult conditions such as typhoons,” and added, “Due to the implementation of the rice variety inspection system, farms with a contamination rate of 20% or more of varieties other than the purchased varieties will be excluded from purchase for the next five years, so please pay close attention.”

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