Chicken imports reached an all-time high, South Korea's self-sufficiency rate collapsed to 80%

Published 2024년 1월 29일

Tridge summary

South Korea's chicken imports hit a record high last year, causing the domestic self-sufficiency rate to drop below 80% for the first time in over two decades. This surge in imports is due to the government's quota tariff policy, leading some companies to switch from domestic to imported frozen chicken. This has sparked criticism from producer groups who argue it's damaging the domestic broiler production base and exacerbating financial difficulties for broiler farms. The article calls for policies to support the domestic chicken industry and warns of potential protests from farmers if the government continues to expand chicken imports.

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

Original content

Last year, chicken imports reached an all-time high, showing that the domestic self-sufficiency rate of 80% collapsed. It is the first time in over 20 years that the self-sufficiency rate has fallen below 80%. Producer groups called for an end to imports, saying that the domestic production base had collapsed due to the quota tariff (0%) policy. According to the Korea Customs Service, chicken imports last year amounted to 234,873 tons. This is the highest since chicken imports began in 1995 following the results of the Uruguay Round (UR) negotiations. Chicken imports amounted to only 141,686 tons in 2019. Afterwards, 139,065 tons and 148,556 tons were imported in 2020 and 2021, respectively, maintaining similar levels. However, it rapidly increased to 181,625 tons in 2022 and 234,873 tons in 2023, showing an increase of about 90,000 tons in two years. It is analyzed that the government's quota policy has had a significant impact on the rapid increase in chicken imports. In 2022 ...

Source: Nongmin