Yeongam-gun Purchases 24,229 Tons of Public Reserve Rice

Yeongam-gun has completed the 2022 public reserve rice and market isolation grain purchase project to increase farm household income. Photo by Yeongam-gun

[Asia Economy Honam Reporting Headquarters Reporter Lee Jun-kyung] Yeongam County announced on the 28th that it has completed the purchase of 2022 public stockpiled rice and market isolation grains, which began in October.

The county purchased a total of 24,229 tons of public stockpiled rice and market isolation grains this year. This is 2.3 times the amount of 10,466 tons of public stockpiled rice purchased last year.

This purchase achieved 99.9% of the originally planned amount of 24,243 tons, and in response to requests from local farmers, varieties such as Ilmi, Saecheongmu, and Gangdaechan were additionally expanded.

The county analyzed that 98% of the total purchase volume was rated as first grade or higher, the highest quality, which is expected to greatly contribute to increasing farmers' income.

The purchase price was set at 64,530 KRW for first grade based on the nationwide average rice price at production sites during the harvest season. The final settlement payment, excluding the advance interim payment (30,000 KRW per 40kg), will be paid by the end of the year.

County Governor Woo Seung-hee said, “I thank the farmers for their hard work that has yielded good results despite difficult conditions such as falling rice prices, and I will continue to do my best to stabilize farm income and develop the rice industry.”

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