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. |