If South Korean beef is used instead of imported beef, the difference will be compensated
Frozen Bone-In Beef
South Korea
Published Dec 7, 2022
Tridge summary
In order to stabilize the price of Hanwoo beef, Korean cattle farmers started to come up with self-rescue measures using self-help funds. The Korean Beef Fund Management Committee (chaired by Min Kyung-cheon) launched a project to promote low-grade Korean beef consumption to stabilize the price of Korean beef at the end of the year. To this end, through consultations with large catering companies, companies and institutions are promoting a project to support the difference between imported meat and beef when consuming grade 1 or 2 Korean beef instead of imported beef. This is because of the diagnosis that the stock burden of Korean beef stocks at major meat packaging companies has recently increased, which is becoming a factor in reducing carcass wholesale demand. The plan is to induce additional purchases of Korean beef by distributors by resolving backlogs such as low-fat meat.
Original content
Hanwoo beef, consultation with catering companies Self-rescue measures to resolve low-grade congestion In order to stabilize the price of Hanwoo beef, Korean cattle farmers started to come up with self-rescue measures using self-help funds. The Korean Beef Fund Management Committee (chaired by Min Kyung-cheon) launched a project to promote low-grade Korean beef consumption to stabilize the price of Korean beef at the end of the year. To this end, through consultations with large catering companies, companies and institutions are promoting a project to support the difference between imported meat and beef when consuming grade 1 or 2 Korean beef instead of imported beef. This is because of the diagnosis that the stock burden of Korean beef stocks at major meat packaging companies has recently increased, which is becoming a factor in reducing carcass wholesale demand. The plan is to induce additional purchases of Korean beef by distributors by resolving backlogs such as low-fat ...
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