News

Make every effort to stabilize the supply and demand of livestock products such as South Korean beef during the holidays

Frozen Bone-In Beef
Meat
South Korea
Market & Price Trends
Published Feb 21, 2024

Tridge summary

Vice Minister Han Hoon of the Ministry of Agriculture, Food and Rural Affairs has called on Agricultural Cooperatives to boost Korean beef consumption by offering it at discounted prices. This comes after observing a stable supply and demand for livestock products, including Korean beef, ahead of the Lunar New Year holiday. He noted that a 30-50% discount at Hanaro Mart, an agricultural cooperative, has already led to increased consumption of Korean beef. He stressed the need for cooperatives to continue such price reduction strategies to further increase consumption and help struggling farmers.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

[Livestock News Reporter Shin Kyung-soo] “We ask the Agricultural Cooperatives to take the lead in expanding consumption and selling Korean beef at discount prices.” On the 5th, Vice Minister Han Hoon of the Ministry of Agriculture, Food and Rural Affairs (Minister Song Mi-ryeong) visited the Daegu Livestock Cooperative Livestock Product Plaza in Daegu Metropolitan City, inspected the supply and demand and price trends of livestock products such as Korean beef during the Lunar New Year holiday, and encouraged field officials. This inspection was carried out to check the supply and demand and price trends of livestock products such as Korean beef ahead of the Lunar New Year holiday, as well as to check whether the Korean beef discount event being promoted through self-support funds is progressing well at on-site stores. On this day, Vice Minister Han Hoon said, “Ahead of the Lunar New Year holiday, the supply and demand situation for livestock products such as Korean beef appears ...
Source: Chuksannews
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