Economy · 3 sources combined
Gwangju region public rice reserves
3,180 tons procurement begins
D-18 Deadline November 26 · Gwangju region public rice reserves procurement deadline
In short
South Jeolla and Gwangju city began purchasing public rice reserves from November 3rd.
Starting with Donggok-dong in Gwangsan-gu, sequential purchases will occur across 21 districts through the 26th.
To reduce the burden on farmers, the interim settlement payment per 40kg bag was increased by 20,000 won.
Key facts
| When | Sequential purchases will be conducted from November 3rd through the 26th. |
|---|---|
| Where | Purchases will take place across 21 districts in the Gwangju region, starting with Donggok-dong in Gwangsan-gu. |
| What | A total of 3,180 tons will be purchased, including 2,947 tons of dried rice and 233 tons of unmilled rice. |
| How | Interim settlement payment per 40kg bag was raised from 40,000 won to 60,000 won. |
What it means for me
Rice farming households should check the purchase schedule and quality standards for their variety.
Farming households engaged in rice cultivation must strictly comply with moisture content and variety standards to avoid penalties.
