Farmers are furious at the ‘One-Day Hanwoo Law' in South Korea

Published 2024년 12월 24일

Tridge summary

The livestock industry in Korea has faced many challenges this year, including extreme weather conditions, high production costs, policy disputes, and disease outbreaks. Specifically, the Hanwoo sector has been affected by low wholesale prices, and the 'One-Day Hanwoo Act' was proposed to address this. The dairy sector has seen issues with frozen raw milk prices and plans to switch to 'A2' milk. The freezing of raw milk prices and a bill to reduce drinking milk and increase processed milk were agreed upon, but challenges persist with milk supply reductions and a slump in the white milk market. The introduction of 'A2' milk by the Seoul Milk Cooperative has shown success, selling over 32 million units in half a year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The livestock industry, which started off with new hopes in the year of Gapjin, is preparing to bid farewell to the year of Gapjin and welcome the new year of Eulsa. Throughout this year, livestock farmers worked hard in the field to ensure stable livestock farming despite difficult conditions such as the worst heat wave in history and soaring production costs. It was also a difficult year in terms of policy and quarantine, with the failure of the Hanwoo Act, the spread of livestock infectious diseases, the dispute over the expansion of the breeding area for laying hens, and the continued quota tariff on chicken. The Korea Agricultural and Fishery Newspaper will look back on the eventful year of Gapjin through ‘Issues of 2024 by Livestock Type.’ In the Hanwoo sector, where the difficulties of farmers have been aggravated by the formation of wholesale prices below the production cost for nearly three years, the so-called ‘One-Day Hanwoo Act’, which was created when the government ...

Source: Agrinet