With the 1,400 won per kilogram high feed price continuing into the second half of the year···Nonghyup Feed is "pondering deeply" its business for next year.

The majority of compound feed raw materials are dependent on imports. Even a 10-won increase in the exchange rate imposes a burden of tens of billions of won. The recent sustained growth has continued in the 1470-won range. The reduction in the number of livestock is also a challenge. In the situation where the exchange rate remains in the high 1400-won range and the number of Hanwoo livestock is decreasing, it has been reported that the cooperative feed, which is the only one officially announcing price increases and decreases, is deeply troubled in preparing next year's business plan. Given that the number of Hanwoo livestock, the core breeding species, has shifted to a decrease, and that there are demands from Hanwoo farmers' organizations and government-level pressure, it is not easy to raise prices. However, since they need to cover costs for building new compound feed factories and repairing existing feed factories, as well as funding support for livestock economic ...