Wando-gun to Purchase 4,000 Tons of Public Reserve and Market Isolation Rice This Year

Purchased Varieties Are Saechungmu and Saeilmi... Quantity Increased by 213% Compared to Last Year

Wando County purchased 4,000 tons of public reserve rice and market isolation rice. (Photo by Wando County)

[Wando=Asia Economy Honam Reporting Headquarters Reporter Choi Kyung-pil] Wando-gun, Jeollanam-do, began the full-scale purchase of public stockpiled and market-isolated rice starting from Cheongsan-myeon on the 3rd.

This purchase will continue until the 16th of next month, with plans to buy a total of 4,086 tons, including 2,891 tons (72,275 bags/40kg) of 2022 public stockpiled rice and 1,195 tons of 2021 market-isolated rice. This is a 213% increase compared to last year's purchase volume of 33,838 bags (1,353 tons).

The purchase is divided into small (40kg) and large (800kg) bags, and the varieties purchased are Saechungmu and Saeilmi.

If other varieties are mixed during the purchase process and detected, public stockpiled purchase will be restricted for five years.

The purchase price is initially paid as an interim settlement of 30,000 KRW per bag (40kg), and the final settlement will be confirmed at the end of December, reflecting the nationwide average rice price during the harvest season (October to December), and paid collectively through the Nonghyup.

Governor Shin Woo-cheol said, “We have been working on improving the quality and breeding varieties to strengthen the competitiveness of Wando rice,” adding, “We will also strive to widely promote the excellence of Wando rice cultivated in a clean environment to expand its market.”

Meanwhile, the county is making efforts to discover and implement policies such as supporting purchase bags and compensating purchase profits to help farmers struggling due to falling rice prices.

Wando=Asia Economy Honam Reporting Headquarters Reporter Choi Kyung-pil alwatros@asiae.co.kr

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