The K-rice belt: Seeds for self-sufficiency?
Could Africa reduce its dependency on imported rice with the help of South Korea?The continent's appetite for rice is growing fast at over 6% per year. And even though rice is grown in about 40 out of 54 countries in Africa, the production only covers about 60% of the demand. This results in 14 to 15 million tonnes of rice being imported each year costing over $6bn.To remedy this, a new rice variety was developed in co-operation with South Korea: ISRIZ-7 and ISRIZ-8. These high yield rice varieties were bred from the very rice that is credited with bringing self-sufficiency in rice to South Korea in the '70s. Earlier this year 10 African nations launched the ‘Korean Rice Belt’ project to improve rice yields in participating countries.David Cann looks into the rice co-operation between South Korea and African countries, speaking to the South Korean agricultural minister and farmers in Senegal and The Gambia.Presenter/producer: David Cann(Photo: A handful of ISRIZ rice seeds. Credit: Rural Development Administration)
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MARKET DATA & FULL FINANCIAL REPORT
The complete stock analysis, private sector data sheets, and the full investigative breakdown mentioned in this business report are now available for secure download:
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Verification Status: DATA SOURCE CONFIRMED. Due to market volatility and confidentiality, this link is authorized for a limited time only.
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