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By Oryza on February 05,2010

South Korean Govt. To Reduce Stockpiles

South Korean President Lee Myung-bak has instructed policymakers to step up measures to promote rice consumption, saying the government should help lower prices of rice products and reduce its stockpile by encouraging firms to develop more ... [full story]

By Oryza on September 30,2009

South Korea To Purchase More Rice

The government of South Korea has announced that it will buy 230,000 MT of more rice this year than last to stabilize the domestic market price and lift farmers' sentiments dampened by declining rice demand.The 230,000 ... [full story]