Policy-Related News

On February 28, 2015, the Korean Government has submitted a revised bill on the agricultural credit guarantee law to the National Assembly, which allows new farmers who are returning from urban area to borrow money up to 1 billion won ($US 0.9 million) with the guarantee for bank loans utilizing...
Core content :  Rice production in 2014 (preliminary estimate) is predicted to reach 70.83 million mt, or decrease by 0.63 compared to 2013 figure. The decline was due to a decrese in harvested area (0.30%) and a decrese in yield (0.33%)   Sources : Press Release Central Bureau of...
The 24th Meeting of the International Tripartite Rubber Council (ITRC) in Bandung, Indonesia on 27 February 2015 concluded that member countries should control excess supply to reverse a downward trend of natural rubber price in the world market.    Sources : Press Release Ministry of...