Government to purchase 157,000 tons of rice
Feb 24, 2016
The government plans to spend 140 billion won ($113.6 million) to buy 157,000 tons of rice in the latest effort to stabilize rice prices, a ruling party lawmaker said Wednesday.The decision was made in a policy coordination meeting between the government and the ruling Saenuri Party at the National Assembly, ruling lawmaker Ahn Hyo-dae told reporters after attending the closed-door session. Rice harvest (Yonhap)Last year South Korea produced 4.32 million tons of rice, exceeding its earlier proje