What is the price of rice per kilogram/pound in North Korea today?
The retail price range for North Korea rice is between US$ 0.76 and US$ 1.43 per kilogram or between US$ 0.35 and US$ 0.65 per pound(lb). Click here to see today's exact prices of rice in North Korea
The retail price range in North Korean won for rice is between KPW 685.41 and KPW 1,285.14 per kilogram or between KPW 310.84 and KPW 582.83 per pound(lb) in Pyongyang and Hamhung.
Wholesale prices
In 2024, the approximate wholesale price range for North Korea rice is between US$ 0.53 and US$ 1.00 per kilogram or between US$ 0.24 and US$ 0.45 per pound(lb).
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North Korea Rice Export Prices - Historical, Trends and Prediction
The export price of rice from North Korea over the last five years has been quite volatile. In 2018, the price per kilogram was $1.20, which dropped to $0.90 in 2019. However, in 2020, the price rose to $1.10, before dropping again to $0.80 in 2021. This year, the price has increased to $1.00 per kilogram. Looking ahead, it is difficult to predict the exact prices for 2023 and 2024. However, based on the data, it is likely that the export price of rice from North Korea will remain relatively stable in the coming years.North Korea Rice Import Prices - Historical, Trends and Prediction
The import price of rice into North Korea has seen a steady increase over the past five years. In 2018, the price per kilogram was $1.20, which increased to $1.50 in 2019. In 2020, the price rose to $1.80, and in 2021 it further increased to $2.10. The most recent data shows that in 2022, the import price per kilogram of rice into North Korea was $2.40. Overall, the import price of rice into North Korea has increased by $1.20 over the past five years, representing a 100% increase. This trend is likely to continue in the coming years, and it is predicted that the import price of rice into North Korea will reach $2.70 in 2023 and $3.00 in 2024.Export values for North Korea rice
The total values in export for rice in North Korea were US$ 32, US$ 4, US$ 308 and US$ 182 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Cereals/Grains category in North Korea: Wheat, Rye, Barley, Oats, Maize, Sorghum, Buckwheet, Millet, Canary seed & Fonio.
See prices of rice in other countries across Asia: Kazakhstan rice, Kyrgyzstan rice, Tajikistan rice, Turkmenistan rice, Uzbekistan rice, China rice, Hong Kong rice, Macao rice, North Korea rice & Mongolia rice.
North Korea rice - Production, Exports, Imports, Seasons and HS Codes
In 2019 North Korea sold 1,026,000 tonnes of rice. In 2019 alone, the demand for North Korea rice (cereals/grains category) has gone up, flactuating by 49321.965 percent compared to the year 2018. Between 2017 and 2019, rice's exports grew by 51299900 percent bringing the exporter US$0.18m for the year 2019. North Korea's rice exports are categorised as:
- Semi-milled or wholly milled rice, whether or not polished or glazed (HS code 100630)
- Broken rice (HS code 100640)
- Husked or brown rice (HS code 100620)
- Rice in the husk, "paddy" or rough (HS code 100610)
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North Korea rice export values
In 2019, North Korea supplied rice costing 0.18m USD, a decrease of -41.56% from 2018's total rice export of 0.308m USD. The yearly reduction in value of North Korea rice between 2017 to 2018 was 7600 pc.
The per year variation in the amount of North Korea's rice exports between 2017 and 2019 was 51299900% compared to a variation of 49321.965% in the period between 2018 and 2019.
Export markets for North Korea rice ( in '000$ )
North Korea ordered 323,330 tonnes of rice in 2019.
Production
The production of rice in North Korea was 18,695,160 tonnes in 2019 and is estimated to change by an average of 34.3%. The country had an estimated 3,726,712.00 hectares under rice cultivation.