South Korea: Mung beans as substitute for rice, domestic prices plummet

Published Oct 5, 2022

Tridge summary

The Korean Soybean Producers Association's secretary general, Kim Dong-hoon, is expressing concern over the potential harm to Korean farmers from the import of Peruvian mung beans. The import volume of Peruvian products hit a record high of 16,000 tons last year, leading to a significant decrease in the market price of domestic mung beans. The current market price is around 9,000 won per kg, a 10% drop from the same period last year. Kim believes that the future of the mung bean industry is uncertain unless farmers can cover their production costs. He is calling on the government to protect the industry and ensure that farmers can compete fairly.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From 20,000 won per 1 kg to 9,000 won Rice threshing farms hit hard “All the hard work over the years has been in vain. It’s like a farmer competing with a smuggler.” “The Korean government gave up mung beans too easily. If the market price collapses because of Peruvian products, most of the farmers will give up mung bean farming next year.” Kim Dong-hoon (51), secretary general of the Korean Soybean Producers Association, met in Masan-myeon, Haenam-gun, Jeollanam-do on the 26th of last month and expressed his frustration as he looked at the fields damaged by the typhoon Hinnamno. He said, “I don’t know how much time and money I invested in growing mung beans in rice fields. ” he said. Director Kim, who planted mung beans in paddy fields and successfully harvested them, opened up the possibility of new alternative crops, and is called a 'mung bean preacher' among producers. He made not only mechanical harvesting but also a manual for drying mung bean through a rice dryer. In ...
Source: Nongmin

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