Bags of rice are stacked at a warehouse in Gangwon on Thursday. Nonghyup's rice inventory surged 70 percent on year to 410,000 tons this month, raising concerns over a sharp decline in rice prices.
Bags of rice that were not sold due to the falling price are stacked in Nonghyup in Pohang, North Gyeongsang.
Packets of rice are stacked at a large discount market in Seoul on Tuesday. Rice prices soared by 15.3 percent on year based on Monday's price of 59,733 won ($54.42) per 20 kilograms (44 pounds) according to data from Korea Agro-Fisheries & Food
Korea JoongAng Daily Sitemap