South Korea faces possible oversupply of rice on record output, imports
South Korea rice
Sejong - Yonhap
South Korea may face an oversupply of rice this year as its output reached a five-year high while rice consumption continues to shrink, government officials said Monday.
According to the officials from the Ministry of Agriculture, Food and Rural Affairs, the country's self-sufficiency rate for rice is expected to reach 97 percent in 2015.
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