1,903 tons of government-purchased onions were exported to Vietnam, Japan, and China

Published 2024년 3월 4일

Tridge summary

The Korean government, in an effort to stabilize domestic supply and demand, has started exporting onions to Asian countries including Vietnam and Japan. The Korea Agro-Fisheries and Food Trade Corporation will export 1,903 tons of onions produced in 2023. This follows a 4.7% increase in onion cultivation in 2024 to counter supply and demand instability. The decision to export was made in consultation with agricultural cooperatives and producer groups. Additionally, the government plans to promote the release of onions for processing to end-user companies.

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

Original content

The government has started exporting government-purchased onions to stabilize the supply and demand of domestic onions. The Korea Agro-Fisheries and Food Trade Corporation (aT) recently announced that it will release 1,903 tons of purchased onions produced in 2023 for export to Asian countries such as Vietnam and Japan in order to stabilize the supply and demand of domestic onions produced in 2024 and prices. The government promoted purchases last year to prepare for onion supply and demand instability, and recently confirmed that the cultivation area of onions for 2024 has increased by about 4.7% compared to the previous year, and has been seeking ways to appropriately release government purchases to stabilize supply and demand. What was decided in this process was export. An aT official said, “The Ministry of Agriculture, Food and Rural Affairs and aT decided to export onions purchased from the government reserve after collecting opinions from stakeholders such as ...

Source: Agrinet