Crude oil quota price continues to rise in Korea

[Livestock Newspaper Reporter Min Byeong-jin] Movement for securing the volume of closed farms for scale-up Surge in demand Crude oil cut-off policy is also a factor in rising prices Crude oil quota prices are on a high pace. Quota prices, which had remained flat until last year, are fluctuating this year. The quarter price of Seoul Milk, which rose to 800,000 won in the first half of this year, has recently soared to 870,000 won. The Dairy Promotion Association's quota price is also currently trading at a price that exceeds 600,000 won compared to the latter half of the 500,000 won earlier this year. This is because farmers who have solved environmental regulations such as legalization of unlicensed livestock houses and mandatory inspection of compost maturity, or dairy farmers who inherited the ranch from their parents showed a movement to secure quotas from the closed farms to expand the scale. Compared to this, the rapid increase in demand is considered the cause. One farmer ...