2011-05-03

Global News: S. Korea aims to boost grain self-sufficiency

(News resource: Yonghap News, May 02, 2011)

South Korea aims to raise the self-sufficiency rate of wheat, corn, bean and various cereals to 14.3 percent by 2015 to ensure their steady supply, the government said Monday. The move comes as climate change, bad harvests and rises in overall demand have caused international grain prices to jump roughly 2.5-fold from 2005 to this year, which is exerting inflationary pressure, the Ministry for Food, Agriculture, Forestry and Fisheries said.