South Korea: Government considers expanding stockpiling and contract cultivation of apples and pears

Fresh Apple

Published Mar 20, 2024

Tridge summary

The South Korean Ministry of Agriculture, Food and Rural Affairs is contemplating measures to balance the supply and demand of apples and pears. These measures may include purchasing and stockpiling these fruits, a practice that was discontinued in 2001, but is still in place for other agricultural products like cabbage, radish, peppers, garlic, onions, and potatoes. Additionally, the Ministry is considering expanding contract farming for these fruits, with currently about 8% of apple production being cultivated under government contracts.

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Original content

(Seoul = Yonhap News) Reporter Kim Yun-gu = The government is considering ways to stockpile supplies and increase contract farming to resolve the instability in the supply and demand of apples and pears. An official from the Ministry of Agriculture, Food and Rural Affairs said on the 19th, "We are considering stockpiling (apples and pears)," adding, "Apples and pears are also included as agricultural products purchased and stockpiled according to the government stockpiling business management regulations. We even stockpiled some of them until 2001." The government purchases and stocks agricultural products such as cabbage, radish, peppers, garlic, onions, and potatoes, and then supplies the stockpiled quantity to the market when prices are unstable. In the case of marine products, the Ministry of Oceans and Fisheries has recently been releasing government stockpiles of squid and mackerel to stabilize prices. An official from the Ministry of Agriculture, Food and Rural Affairs ...

Source: Yna