Rice purchase rules may shift as government weighs private stocks too

The government is reviewing a new framework for deciding when it must purchase rice under the revised Grain Management Act, which takes effect in August. The key point is a multi-layer judgment structure rather than a single numerical trigger. Until now, surplus production and price trends have been discussed as major criteria. Ahead of the amended law’s implementation, however, officials are also considering whether to factor in the amount of rice held in private inventories. The approach would allow purchase decisions to reflect broader market supply conditions. Specific thresholds and application methods remain under review. Source: mk.co.kr