Agricultural products are sold at low prices in South Korea

Published May 2, 2022

Tridge summary

Suspicions have been raised about the low price declaration of dried onions imported from China, with 17 out of 37 companies averaging a import price of 0.2-0.5 dollars per kg. This is similar to the suspicions raised about dried ginger last year. The Korea Customs Service is being criticized for not preventing the declaration of low prices, which is affecting the domestic onion supply and demand. Farmers' groups are demanding an expansion of the investigation into suspected items and companies.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As the import declaration price of dried onions from China was found to be between 0.2 and 0.5 dollars per kg, suspicions of a low price declaration were strongly raised. This is the second time after dried ginger that this paper has raised suspicions of a low-priced report on Chinese agricultural products. In September of last year, this paper reported the first suspicion of a low price declaration on dried ginger from China, and after that, the Customs Administration took follow-up measures and blocked the low price declaration by designating dried ginger as an item subject to preliminary tax review in March of this year. However, in April of this year, suspicions of low-priced declarations of dried onion from China were again revealed, and it is pointed out that the Customs Service may have been putting its hands on the status quo of imported agricultural products. According to data recently received from the Korea Customs Service by Rep. Park Hyung-soo of People's ...
Source: Nongmin

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