South Korean government to stockpile 3000 tons of winter cabbage by the end of this month and the expansion of contract shipments for apples and pears

Published 2021년 12월 15일

Tridge summary

The Korean government has accelerated the formation of the 'Seasonal Supplies Supply and Demand Stabilization Countermeasures Team' to monitor and manage the supply and demand of key agricultural products such as rice, cabbage, radish, apple, pear, chestnut, jujube, beef, pork, chicken, and egg. This comes in response to the anticipated improvement in supply conditions for these products, including an increase in rice production and recovery in vegetable growth. However, concerns have been raised about potential risks such as winter cold waves and avian influenza, leading to the decision to stockpile winter cabbage and expand contract shipments of apples and pears. Additionally, a low tariff quota will be applied to 10,000 tons of garlic, and preemptive management of supply and demand will include importing 30 million fresh eggs.

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Original content

The first meeting of the 'Seasonal Supplies Supply and Demand Stabilization Countermeasures Team' was moved forward by 4 weeks. Contract shipments for apples increased to 14,000 tons and pears to 12,000 tons Ahead of the Lunar New Year holiday (February 1 next year), the government will stock up 3,000 tons of winter cabbage by the end of this month. The contract shipment volume for apples and pears will also be expanded to 14,000 tons and 12,000 tons, respectively. The Ministry of Agriculture, Food and Rural Affairs formed the ‘Seasonal Supply and Demand Stabilization Task Force’ and held its first meeting on the 14th at the Agricultural Observation Sejong Office of the Korea Rural Economic Research Institute in Cheongju, North Chungcheong Province (photo). That's about 4 weeks earlier than usual. The task force team constantly monitors the supply and demand situation centered on rice and 10 holy items such as cabbage, radish, apple, pear, chestnut, jujube, beef, pork, ...

Source: Nongmin