Rice prices rise, South Korean government will urgently release 150,000 tons of rice reserves.

South Korean media reported on March 1st that due to the recent continuous increase in rice prices in South Korea, the Ministry of Agriculture, Food and Rural Affairs has decided to urgently release 150,000 tons of government reserve rice to relieve supply shortages and stabilize rice prices. Since the beginning of this year, the price of rice in South Korea has been steadily rising. According to government statistics, at the end of February, the average retail price of a 20-kilogram bag of rice in South Korea was 63,000 Korean won, which was more than 15% higher than the same period in previous years.