AreaRepublic of Korea

Commodity GroupRice

CommodityAll

Date08/06/2022

Policy CategoryProduction

Policy InstrumentProduction support, import substitution, consumption and marketing

DescriptionUnveiled the "Rice Processing Industry Promotion Plan with Floury Rice", seeking to promote use of floury rice as a means to reduce import dependency on wheat and address oversupply problems of rice resulting from steady declines in domestic consumption of table rice. The plan targets to replace the equivalent of 10 percent of annual flour demand with 200 000 tonnes of floury rice by 2027. To this end, it envisages, among other measures, the conversion of up to 45 000 hectares of paddies to floury rice cultivation through the introduction of direct payments for strategic crops in 2023, encouraging wheat-floury rice double cropping, supporting varietal and technology uptake, as well as product development, procuring floury rice through the public stockholding system for release to processors substituting wheat flour with floury rice and by taking steps to expand the domestic and export demand base of floury rice.