The Ministry of Agriculture, Food and Rural Affairs stated that this year's rice production is approximately 3.46 million tons, and even exceeding the target by 66,000 tons, the supply and demand remain stable.

This year's rice production is expected to be 3.46 million tons, exceeding demand by 66,000 tons. The government will isolate the excess volume by returning borrowed grain stocks. It will purchase 400,000 tons of public stockpiled rice, with a procurement fund of 3.9 trillion won. [Yonhap News Data Photo] (Seoul=Yonhap News) Reporter Hong Guk-ki = The Ministry of Agriculture, Food and Rural Affairs announced on the 13th that the expected rice production for this year is approximately 3.46 million tons, which is forecasted to surpass demand by about 66,000 tons. The expected surplus is about 1.9% of the total production. The Ministry of Agriculture, Food and Rural Affairs reviewed the '2026 Rice Supply and Demand Stabilization Measures' at the Grain Supply and Demand Management Committee meeting held the previous day. Although an excess of rice production is anticipated this year, the scale is not large, and overall supply and demand are expected to remain stable, the ministry ...