South Korea: Rice Production Update
On November 13, 2015, Statistics Korea (KOSTAT) released its revised 2015 rice production estimate of 4.33 million metric tons. This represents a 2.0 percent increase above last year’s crop, supported by a record average yield despite a decline in rice acreage, resulting in a 36-percent stocks- to-use ratio in MY 2015/16, the highest in several years.