South Korea Rice Output Falls Less-Than-Expected This Year
November 16, 2011, 10:22 PM ESTBy Sungwoo Park
Nov. 17 (Bloomberg) -- South Korea said domestic rice production decreased by a less-than-expected 1.7 percent this year because of good weather in the harvest season.
Output declined to 4.224 million metric tons from 4.295 million tons last year, Statistics Korea said in an e-mailed statement today. The agency in October forecast 2011 production at 4.216 million tons.
Production was larger than expected because of good weather conditions since then, the farm ministry said in a separate statement today. Korean farmers plant rice in May and June and harvest between October and November.
--Editors: Jarrett Banks, Richard Dobson
To contact the reporter on this story: Sungwoo Park in Seoul at spark47@bloomberg.net.
To contact the editor responsible for this story: Richard Dobson at rdobson4@bloomberg.net
