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THE INVESTOR
October 23, 2018
Big Reunion

Economy

Rice production drops to lowest level in nearly 40 years

  • PUBLISHED :November 14, 2017 - 13:54
  • UPDATED :November 14, 2017 - 13:54
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[THE INVESTOR] Korea’s rice output fell to the lowest level in nearly 40 years in 2017 amid the government’s efforts to tackle the years-long oversupply, data showed on Nov. 14.

The country’s rice production reached 3.97 million tons this year, down 5.3 percent from 4.2 million tons produced in 2016, according to the data compiled by Statistics Korea.

It marked the smallest amount since 1980 when it hit 3.55 million tons.

A total of 754,713 hectares of rice was cultivated this year, down 3.1 percent from last year.

The government has been pushing to control rice production in order to deal with a chronic glut of the grain as people’s taste becomes increasingly westernized.

By Alex Lee and newswires (alexlee@heraldcorp.com)

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