
South Korea's farm-gate rice price in late November was 57,046 won per 20 kg, up 24% from a year earlier, rising during harvest when prices normally fall. The government plans to purchase 100,000 tons of the roughly 130,000-ton surplus, and the industry expects further gains if the revised Grain Management Act takes effect next year.
Expected government buying of surplus rice and delayed shipments by large farms are tightening available supply and supporting domestic prices. Higher Korean rice values could increase import demand elsewhere in Asia.
After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.