AreaRepublic of Korea

Commodity GroupRice

CommodityAll

Date06/10/2016

Policy CategoryStocks

Policy InstrumentGovernment procurement

DescriptionAnnounced that it would purchase all quantities deemed in excess of consumption, in order stabilise domestic prices. The final volumes to be purchased would be determined in November, with these purchases coming in addition to the 390 000 tonne volume announced in September 2016.