South Korea: Government releases 5,000 tons of stockpiles of squid, mackerel, cutlassfish, etc.

Published 2024년 5월 10일

Tridge summary

The South Korean Ministry of Oceans and Fisheries has announced a plan to stabilize falling fish prices due to the winter season by releasing 5,000 tons of various fish species, including pollack, mackerel, squid, and cutlassfish, back into the market. This initiative is part of a larger strategy that includes a budget allocation of 15.6 billion won to subsidize marine product purchases in May, as well as special exhibitions and refund events at supermarkets and traditional markets.

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Original content

Government releases 5,000 tons of stockpiles of squid, mackerel, cutlassfish, etc. The Ministry of Oceans and Fisheries announced that it will release 5,000 tons (t) of government stockpiles of popular fish species into the market to stabilize fish prices in the face of the winter season when production of major fish species decreases. The Ministry of Oceans and Fisheries will supply 3,000 tons of pollack, 700 tons of mackerel, 300 tons of squid, and 900 tons of cutlassfish to traditional markets, wholesale markets, and processing companies from today (10th) to the 16th of next month. The Ministry of Oceans and Fisheries also announced that it will invest a budget of 15.6 billion won to support discounts on marine products in May. Special exhibitions will be held at 45 supermarkets and online malls nationwide until the 19th of ...

Source: Yonhapnewstv