S.Korea’s rice output hits 39-year low in 2019

(Source: Xinhua) 

South Korea’s rice output hit a 39-year low this year, keeping a downward trend for four straight years, statistical office data showed Tuesday.

Rice production was 3,744,000 tons in 2019, down 3.2 percent from last year’s output of 3,868,000 tons, according to Statistics Korea.

It was the lowest since 1980, continuing to decline for the fourth consecutive year amid the bad weather conditions and the reduced cultivation areas.

The cultivation area for rice fell 1.1 percent over the year to 729,814 hectares this year.

Typhoon Lingling hit the local farms in September when rice begins to ripen, negatively influencing the rice output, the agency noted.

Meanwhile, per-capita annual rice consumption reached a record low of 61 kilograms last year.

Rice, a main staple food for South Koreans, has been on a steady decline for decades due to the change in eating habits.

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24/05/2022
Rice
Vietnam
Thailand
India
Pakistan
5% Broken
418 0 447 2 338 0 378 0
25% Broken
398 0 436 2 323 0 362 0
100% Broken
373 0 416 3 323 0 363 0

From 05/05/2022-12/05/2022
(VND/kg)

Rice
Max Price
Average
+/- Weekly
Paddy in the field
      5.700        5.518  +43 
Paddy at the warehouse       7.150        6.667  +71 
Brown rice grade 1       9.300        9.038  +208 
Milled rice grade 1      10.200        9.833  +250 
5% broken
      9.550        9.243  +71 
15% broken
      9.350        9.025  +67 
25% broken
      9.150        8.783  +67 
Broken 1/2       8.450        8.271  +57 
Bran
      8.850        8.471  +146 

Exchange Rate

24/05/2022
Currency Code Currency Name Units per USD
CNY Chinese Yuan Renminbi 6,65
EUR Euro 1,07
IDR Indonesian Rupiah 14640,01
INR Indian Rupee 77,52
MMK Burmese Kyat 1852,96
MYR Malaysian Ringgit 4,40
PHP Philippine Peso 52,33
PKR Pakistani Rupee 201,09
THB Thai Baht 34,08
VND Vietnamese Dong 23315,81