South Korea purchased and stocked 60,000 tons of beans, red beans, and mung beans this year

Published 2021년 3월 17일

Tridge summary

The Ministry of Agriculture, Food and Rural Affairs in South Korea has announced a plan to purchase and stockpile 60,000 tons of domestic beans, including red beans, mung beans, and green beans, for 2021. This initiative is aimed at encouraging farmers to shift their cultivation from rice to soybeans by offering a higher purchase price for soybeans. The ministry will also distribute seeds to facilitate smooth cultivation of these beans. The purchase prices range from 4,700 won to 7,000 won per kilogram, and the contracts for bean cultivation will be finalized during the harvest period. This strategy is part of a larger effort to increase domestic soybean self-sufficiency and adapt to changes in contract cultivation policies.

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

Original content

The Ministry of Agriculture, Food and Rural Affairs (Minister Kim Hyeon-su, hereinafter the Ministry of Agriculture and Food) announced on the 14th a plan to stockpile domestic beans (beans, red beans, mung beans) produced in 2021 to induce cultivation of soybeans instead of rice in rice fields and to improve the self-sufficiency of domestic soybeans. The purchase volume is 60,000 tons and 500 tons of beans and red beans as of the previous year, and 250 tons of green beans, an increase of 50 tons from the previous year. This year's purchase price is 4,700 won per kg of beans (special prize), 5,190 won of red beans (first prize), and 7,000 won of green beans (first prize). It is going to be carried out. The Ministry of Agriculture and Food will improve and promote the bean purchase and stockpile business in line with the new policy environment changes, such as newly promoting the bean contract cultivation project from this year. As for the purchase volume, the total planned volume ...

Source: Nongup