# South Korea depletes rice stocks for feed use | World-grain.com | February 07, 2017 14:28 | World Grain

> South Korea approved 470,000 tonnes (milled basis) of rice for feed use in 2017, more than five times the 2016 quantity. USDA FAS cut its forecast for Korean feed wheat consumption and imports because feed corn is more price competitive.

- Date: 2017-02-07 · published 2017-02-07T12:00:00.000Z
- Category: policy · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/72584-south-korea-depletes-rice-stocks-for-feed-use-world-grain-com-february-07-2017
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Rice substituting for feed grains tightens rice supplies and lowers demand for feed wheat, which weighs on wheat prices.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-01-21 | [Grain-based ethanol manufacturers demand dual pricing for maize, rice feedstock - The HinduBusinessLine](https://feedsoft.ai/events/43134-grain-based-ethanol-manufacturers-demand-dual-pricing-for-maize-rice-feedstock.md) | +1.3% | +0.9% |
| RICE | 2020-10-02 | [Spoiling Rice Shows Perils of Protectionism \| Feed & Grain](https://feedsoft.ai/events/50693-spoiling-rice-shows-perils-of-protectionism-feed-and-grain.md) | +1.2% | -0.3% |
| RICE | 2025-12-31 | [USDA details $12 billion farm aid package favoring rice, cotton; soy farmers warn of strain \| Reuters](https://feedsoft.ai/events/21534-usda-details-12-billion-farm-aid-package-favoring-rice-cotton-soy-farmers-warn.md) | +6.6% | +17.3% |
| RICE | 2018-09-23 | [NFA says rice dealers do not want to sell lower-grade grains - BusinessWorld Online](https://feedsoft.ai/events/63115-nfa-says-rice-dealers-do-not-want-to-sell-lower-grade-grains-businessworld.md) | -1.0% | +11.7% |
| RICE | 2022-09-11 | [What government curbs on exporting rice mean for India and the world \| Explained News - The Indian Express](https://feedsoft.ai/events/39668-what-government-curbs-on-exporting-rice-mean-for-india-and-the-world-explained.md) | +2.9% | -2.9% |
| WHEAT | 2017-12-07 | [Corn, rice self-sufficiency campaign distorting Indonesia’s market \| World-grain.com \| December 07, 2017 15:36 \| World Grain](https://feedsoft.ai/events/67533-corn-rice-self-sufficiency-campaign-distorting-indonesia-s-market-world-grain.md) | -4.0% | -1.3% |
| WHEAT | 2021-02-11 | [Argentina decides not to increase grain export taxes \| 2021-02-11  \| World Grain](https://feedsoft.ai/events/48460-argentina-decides-not-to-increase-grain-export-taxes-2021-02-11-world-grain.md) | +9.3% | +9.6% |
| WHEAT | 2026-10-12 | [Focus on India \| World Grain](https://feedsoft.ai/events/17086-focus-on-india-world-grain.md) | +3.7% | — |

## Sources

- world-grain.com: https://www.world-grain.com/articles/7700-south-korea-depletes-rice-stocks-for-feed-use

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.