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South Korea: Ministry of Agriculture, Food and Rural Affairs to purchase the desired quantity of non-soybean farms

농식품부, 논콩 농가 희망물량 전량매입
This news article has been translated to English.
Dried Common Bean
South Korea
Price Trend
Dried Adzuki Bean
Supply Yield / Stock Quantity
Mar 22, 2022
From Aflnews
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While the stockpiles of beans, red beans, and mung beans from this year are set at 6,750 tons, the same as last year, in the case of non-beans, the entire amount desired by farmers will be purchased. The Ministry of Agriculture, Food and Rural Affairs announced on the 21st a plan to stockpile domestic beans such as beans, red beans, and mung beans from this year in order to induce the cultivation of soybeans instead of rice in paddy fields and to increase the self-sufficiency of domestic beans. According to the stockpile plan, the purchase amount by item is 60,000 tons of beans, 500 tons of red beans, and 250 tons of mung beans, the same as last year. In particular, in the case of non-soybean farmers, it is decided to purchase all the desired quantity to maintain the cultivation base of non-beans. The purchase price is the same as last year at 4,700 won per kg of beans (special class), 5,190 won (1st place), and 7000 won (1st place) mung beans per kg. Is expected. In this regard, the Ministry of Agriculture, Food and Rural Affairs decided to improve the purchase method to expand the cultivated area of non-beans this year. First of all, it plans to classify the varieties with high farm household preference and expand the proportion of varieties grown mainly in paddy fields among the 8,000 tons purchased.
While the stockpiles of beans, red beans, and mung beans from this year are set at a total of 6,750 tons, the same as last year, in the case of non-beans, the entire amount desired by farmers will be purchased. The Ministry of Agriculture, Food and Rural Affairs announced on the 21st a plan to stockpile domestic beans such as beans, red beans, and mung beans from this year in order to induce the cultivation of soybeans instead of rice in paddy fields and to increase the self-sufficiency of domestic beans. According to the stockpile plan, the purchase amount by item is 60,000 tons of beans, 500 tons of red beans, and 250 tons of mung beans, the same as last year. In particular, in the case of non-soybean farmers, it is decided to purchase all the desired quantity to maintain the cultivation base of non-beans. The purchase price is the same as last year at 4,700 won per kg of beans (special class), 5,190 won (1st place), and 7000 won (1st place) mung beans per kg. Is expected. In ...
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