South Korea may feed on Rice

Lead: South Korean feed producers are delaying food imports that arrived later this year, arguing that the government may use the surplus rice originally planned to arrive in North Korea as feed On Wednesday, South Korea's agriculture ministry said it was impossible for South Korea to ship 300000 tons of surplus rice to North Korea as a result of the June 29 naval battle between the two countries An official from the Ministry of Agriculture said that other ways of consumption were being considered, but did not elaborate "Rice may be used as feed, and if it is used as feed, demand for feed wheat and corn will decline," said a trader in a feed producer group South Korea has never used rice as feed in the past Another feed producer group official said: "we have not signed the import orders of corn and feed wheat that arrived later this year, because the way of rice consumption has not been determined." The South Korean Feed Association (KFA) has purchased two batches of 52500 tons of source maize, which will arrive from October 30 to November 30 This is about half of the amount of corn purchased by the South Korean Feed Association in June 25 bidding, which arrived on October 15, November 5, November 20 and December 5 "We are still looking for the other two batches, but if the direction of rice changes, we can't purchase them," said a trader from the South Korean Feed Association Many analysts claim that it is difficult for the government to use 300000 tons of rice as feedstuff Due to the relatively high price of rice as feedstuff and the possible condemnation of rice as a staple food country, the price of domestic rice is about six times of the international market price, which is $200-350 per ton CIP The quotation of source optional feed wheat is about US $100 / ton CIF South Korea, if the feed corn is from China, the quotation is US $105 / ton C & F, if it is from the United States, the quotation is about US $120 / ton C & F If the price of feed wheat is more than $5 lower than that of corn, feed producers in South Korea are willing to buy feed wheat They don't care about the source of feed wheat, they just want its price to be competitive South Korea has put pressure on farm prices because of an oversupply of rice In April, it announced plans to cut 576000 tons of stockpiles this year, mainly through credit to provide rice to North Korea, and increase the consumption of rice as alcohol, starch and feed (author:) share to feed Weibo share to: