South Korea: Imported soybean and red bean direct delivery price should be raised

게시됨 2022년 11월 9일

Tridge 요약

The article highlights the concern over the frozen supply price of imported beans and red beans in South Korea, which has led to a decrease in the balance of the Agricultural Products Price Stabilization Fund (Nongan Fund). The government's strategy of maintaining direct delivery prices despite rising overseas costs and currency exchange rates has resulted in a significant deficit in the fund. This situation threatens to negatively affect domestic consumption by widening the price gap between domestic and imported products and potentially hindering the revitalization of the domestic soybean industry. The Korea Succession Agricultural Entrepreneurs Federation has urged the government to raise the direct delivery price for imported items to ensure the financial stability of the Nongan Fund.
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원본 콘텐츠

With the supply price frozen for several years Damage to the soundness of the Nongan Fund As it has been confirmed that the supply price of imported beans and red beans, which the government imports through state-run trade and provides to real-demand companies, has been frozen for several years, public opinion that the price should be raised is high. This is because it is understood that the soundness of the Agricultural Products Price Stabilization Fund (Nongan Fund) is damaged and adversely affects domestic consumption in an attempt to catch the price of ordinary people. According to the Ministry of Agriculture, Food and Rural Affairs, the Korean government imports imported soybeans (edible soybeans) and red beans through state trade. Because the self-sufficiency rate is low, it is not easy to meet domestic demand with domestic production alone. This year, 248,000 tons of soybeans were imported in connection with the World Trade Organization (WTO), the Free Trade Agreement ...
출처: Nongmin

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