Thought it was a bumper crop… Rice production expected to fall short of forecasts, purchase prices rise slightly

Agriculture, Fisheries & Livestock News농수축산신문

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[Nongsuchuksan Shinmun = Reporter Lee Han-tae] As full-scale rice procurement begins, actual rice production is expected to fall short of forecasts, contrary to the bumper harvest initially anticipated. This is because it has been confirmed that some mid-to-late maturing varieties, unlike early maturing varieties, have not fully ripened, resulting in poor milling yields. However, the current purchase price by Nonghyup (based on 40kg of rough rice) is being set approximately 3,000 to 10,000 won higher than last year, taking into account the high recent farmgate rice price (based on 80kg of polished rice), which recorded 229,816 won on the 25th of last month, nearing 230,000 won. According to Nonghyup, as full-scale procurement takes place, some single-crop fields where rice planting was delayed, or

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