Cheongsong-gun Conducts Purchase of 2022 Public Reserve Rice and Market Isolation Rice

Cheongsong-gun will conduct the purchase of 2022 public stockpiled rice and market-isolated rice until December 5.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Gwiyeol] Cheongsong-gun, Gyeongbuk Province, will conduct the purchase of 2022 public stockpiled rice and market isolation rice at 36 locations starting from Cheongun Farm in Cheongsong-eup from the 14th until December 5th.

The purchase volume is 3,102 tons (77,554 bags/40kg), which is an increase of 1,169 tons (29,218 bags/40kg) compared to last year, and purchases will be made separately in bags and ton bags.

This year's purchase varieties are Samgwang and Anpyeong, and if varieties other than the target varieties (Samgwang and Anpyeong) are shipped or if the mixed ratio of other varieties exceeds 20%, the farms eligible for public stockpiled rice purchase will be excluded for five years starting from 2023, so special caution is required when shipping.

The purchase price will be paid immediately after purchase as an interim settlement payment (30,000 KRW/40kg for regular rice), and the final settlement payment will be paid by the end of the year once the purchase price is determined.

Governor Yoon Kyung-hee said, “To support farmers facing difficulties due to falling rice prices and rising farming material costs, market isolation rice has been added to the public stockpiled rice, increasing the purchase volume by 29,218 bags compared to last year,” and added, “We hope the increase in purchase volume will help stabilize rice prices and support farm management, and that the public stockpiled rice price will be high at the end of the year as a reward for the hard work of farmers.”

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