Analysis How serious is the food situation in North Korea? The view from the corn marketThe data does not indicate that the supply situation has dramatically worsened this year ![]() As noted in previous parts of this series, official data indicates that the aggregate supply of food in North Korea this year is significantly down on the 10-year and five-year average. Yet, rice market data gives a very different picture of the realities that consumers may face on the ground: the price of rice has been down on August 2009 prices in real terms for around the past 18 months. Rice is a relative luxury in North Korea, however, and much of the population is believed to be reliant on corn. As a result, an analysis of © Korea Risk Group. All rights reserved. |