South Korea: 500 tons of frozen pollack are released to alleviate the cost burden of shopping carts

The government releases pollock from stockpiles to stabilize seafood prices. The Ministry of Oceans and Fisheries recently announced that it will release up to 500 tons of pollock stockpiled by the government. The release of stockpiled pollack is targeted at traditional markets and marts where the general public can directly purchase pollack. In consideration of market demand, the Ministry of Oceans and Fisheries plans to supply medium-sized pollack, which is used as an ingredient such as Dongtaetang. Consumers can purchase up to 30% off the market price. During the release period, the government plans to adjust the release volume in consideration of site demand and price fluctuations. The wholesale price of pollock, which had been continuously rising after the crisis in Russia and Ukraine, turned downward in line with the low season that started in May. However, consumer prices in traditional markets and hypermarkets, where consumers purchase directly, are still on the rise. The ...