TRQ Onion 10,000t introduction becomes reality

Published 2025년 3월 7일

Tridge summary

The Korea Agro-Fisheries & Food Trade Corporation (aT) has conducted a second round of import rights auctions for 10,000 tons of fresh onions from China, to be released into the market between February and March. This decision has sparked criticism from local producers and the distribution market, who argue that it could drive down prices for early-ripening onions and benefit only local Chinese shipping entities. The auction was held despite concerns from onion production and distribution associations.

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

Original content

aT (Korea Agro-Fisheries & Food Trade Corporation) conducted a second round of import rights auctions for foreign (Chinese) fresh onions. As a result, 10,000 tons of imported onions will be released into the market between February and March. Criticism is being raised from both the production area and the distribution market regarding the government’s release of imported onions. Production areas are concerned that it could lower the price of early-ripening onions, and the market is criticizing it as a supply and demand policy that only benefits local Chinese shipping entities. aT posted the ‘2025 World Trade Organization (WTO) Onion Import Rights Auction 2nd Bidding Notice’ on February 26. The auction volume is 5,240 tons. aT previously sold import rights for 5,000 tons (actually 4,760 tons) in the first auction held on February 11. As a result, 10,000 tons of Chinese fresh onions will be introduced into the market under government leadership. Earlier, four organizations ...

Source: Nongmin