Rice prices rise, South Korea government to "lend" rice reserves for the first time.

South Korean media reported on the 11th that the country is about to enter a new rice harvesting season, and the tightening market supply has led to an increase in rice prices. The South Korean government has decided to release reserve rice to the market for the first time through "lending" to stabilize rice prices. Recently, rice prices in South Korea have been on the rise. According to the latest statistics, as of August, the average retail price of a 20 kg bag of rice in South Korea is 58,000 Korean won, which is more than 10% higher than the annual average retail price, approaching the price threshold of 60,000 Korean won.