South Korean Beef Association: Farmers will participate in voluntary reduction to stabilize supply and demand

Published 2023년 2월 21일

Tridge summary

The article highlights the ongoing crisis faced by Korean cattle farmers due to rising production costs and falling prices, with the industry facing calls for additional measures and support from the government. Despite a record high number of cattle, the crisis is worsening, with the National Korean Beef Association proposing solutions to stabilize the industry. These include addressing supply and demand issues, creating a Korean beef platform, increasing exports, and passing the Basic Korean Beef Act. The association also suggested a voluntary reduction in the number of cattle, linking prices to consumers, and stabilizing calf production. The urgency for long-term measures, including a feed stabilization fund, was underscored to mitigate future challenges.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Farmers also participate in voluntary reduction to stabilize supply and demand The government also needs to come up with additional measures to expedite national support. While the number of Korean cattle raised exceeds 3.57 million, recording an all-time high, the complaints of Korean cattle farmers, who are suffering from a double whammy due to rising production costs and falling prices of Korean cattle, are growing. The government announced measures to stabilize the supply and demand of Korean beef on the 13th, but the field is demanding efforts to reflect the national budget. Kim Sam-joo, head of the National Korean Beef Association, held a press conference on the 16th and emphasized four issues for the crisisd Korean beef industry: resolving supply and demand issues, establishing a Korean beef platform, exporting Korean beef, and enacting the Basic Korean Beef Act. At this press conference, we will consider realistic measures to overcome the crisis in the Korean beef ...
Source: Aflnews

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