Loading…
South Korean rice prices fell to a 21-year low in 2016 despite forecasts of lower production from unfavorable weather. The government said it will purchase the full 1.6 million tons of excess rice and has bought an additional 98,000 tons for public stockpiling.
Government buying to absorb a chronic glut props up domestic rice prices, while falling per-capita consumption keeps demand structurally weak. Rice feed-grade substitution pressure stays limited.
koreaherald.com임정요Nov 11, 2016After 100 past bearish policy events, Rough Rice moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
