The Ministry of Agriculture, Food and Rural Affairs to supply 30,000 tons of government rice to stabilize rice supply and demand.

(Seoul=Yonhap News) Reporter Sin Seon-mi = The Ministry of Agriculture, Food and Rural Affairs announced on the 11th that it will supply government rice by the end of this month to stabilize rice supply and resolve issues faced by some local distribution companies. The supply volume is 30,000 tons, equivalent to the shortage. The supply targets are local distribution companies that received government rice purchase funds last year and companies with an annual purchase volume of over 3,000 tons. The Ministry of Agriculture, Food and Rural Affairs has decided to supply the rice through a "lending" method, returning rice produced this year, unlike the previous auction method. This is to resolve the on-site issues of local distribution companies facing rice shortage problems while minimizing the impact on the upcoming harvest season supply and demand. Companies wishing to receive government rice should submit their desired volume by the 14th according to the notice on the Nonghyup Economic Holdings website. Companies that receive the allocation must accept the volume from the designated government rice storage warehouses by the 29th. The Ministry of Agriculture, Food and Rural Affairs has restricted the resale of the government rice as rice and mandated that it be sold as rice by the end of next month. It also plans to continue monitoring sales completion and inspecting the distribution of new and old rice blends. Companies that receive government rice must return the new rice to government warehouses by March of next year. The return volume will be determined later, considering the average local rice price last month, this year's harvest price, milling rate, etc. sun@yna.co.kr

(Seoul=Yonhap News) Reporter Sin Seon-mi = The Ministry of Agriculture, Food and Rural Affairs announced on the 11th that it will supply government rice by the end of this month to stabilize rice supply and resolve issues faced by some local distribution companies. The supply volume is 30,000 tons, equivalent to the shortage. The supply targets are local distribution companies that received government rice purchase funds last year and companies with an annual purchase volume of 3,000 tons or more. The Ministry of Agriculture, Food and Rural Affairs has decided to supply the rice through a "lending" method, returning rice produced this year, unlike the previous auction method. This is to resolve the on-site issues faced by local distribution companies suffering from a shortage of raw rice while minimizing the impact on the upcoming harvest season supply. Companies wishing to receive government rice should submit their desired volume by the 14th according to the notice on the ...