Yeongdeok-gun Begins Purchasing 2,408 Tons of Public Reserve Rice 'Dried Paddy'

Yeongdeok-gun, Gyeongbuk Province, will purchase 2,408 tons (60,197 bags/40kg) of dried rice by the 29th at designated purchase locations, according to the government's public grain stockpiling purchase plan, with moisture content maintained between 13.0% and 15.0% in a dried state.

Yeongdeok-gun begins purchasing 2,408 tons of public stockpiled rice 'dried paddy'. Photo by Yeongdeok-gun

This year, Yeongdeok-gun's public grain stockpiling purchase volume has increased by 24% compared to the previous year to approximately 4,042 tons (101,059 bags/40kg), due to additional allocations for incentive volumes from reduced rice cultivation areas and market isolation grain volumes. Among this, 1,634 tons (40,862 bags/40kg) of paddy rice have already been purchased.

The purchase price for this year's public grain stockpiling rice will be determined by converting the nationwide average farm-gate rice price from October to December into rough rice prices. An advance payment of 40,000 KRW per 40kg bag will be made immediately after purchase, with final settlement paid by the end of December this year.

The purchased varieties are Anpyeong and Samgwang. Farmers found to have more than 20% contamination of other varieties in collected samples will be excluded from public grain stockpiling purchases for the next five years.

To reduce the burden on cultivating farmers, Yeongdeok-gun plans to invest a budget of 260 million KRW to support 85% of the drying fees for public grain stockpiling and RPC self-purchased paddy rice, and 50% of the cost of ton bag sacks for public grain stockpiling purchases when purchasing dried rice.