South Korea: Domestically produced hot air hay to be supplied to horse breeding farms starting next year

Published 2024년 12월 4일

Tridge summary

A partnership between the National Institute of Animal Science, Rural Development Administration, and the Korea Racing Authority plans to distribute Domestic Italian ryegrass hot air hay in South Korea starting next year. This home-grown hay, dried using hot air and with a moisture content of 30-50%, then reduced to less than 20% indoors, is expected to be priced at KRW 437 per kg and could cost 22-37% less than imported hay. A three-phase plan aims at establishing a distribution system, starting with a pilot supply to horse farms in Jeonbuk and Gyeongbuk in 2025-2026, followed by the establishment of processing and distribution centers in 2026-2027 and 2029-2030 to expand the supply chain nationwide.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Domestic Italian ryegrass (IRG) hot air hay is expected to be distributed to horse farms in the Jeonbuk and Gyeongbuk regions as early as next year. It is expected that the green light will be turned on for horse farm management. On November 29, the National Institute of Animal Science, Rural Development Administration, and the Korea Racing Authority held a ‘Symposium on Expanding Domestic Hot Air Hay Horse Industry Use’ at the Iksan Public Riding Stable in Jeonbuk. Domestic hot air hay refers to hay that has been dried on site to have a moisture content of 30-50%, then collected and lowered to less than 20% using hot air indoors. According to the Korea Livestock Research Institute, the estimated distribution price of domestic hot air hay is KRW 437 per kg of IRG, which is 22-37% cheaper than imported hay (timothy). Last year, the Korea Livestock Research Institute signed a business agreement (MOU) with the Korea Racing Authority and has been conducting a pilot project to supply ...
Source: Nongmin

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.