South Africa: Ministry of Oceans and Fisheries puts all its effort into stabilizing seafood prices

Seafood

South Korea

Market & Price Trends

Innovation & Technology

Published Mar 18, 2024

Tridge summary

South Korea's Ministry of Oceans and Fisheries is investing KRW 36.6 billion to stabilize seafood prices and support discounts on marine products from March to April. The ministry will supply up to 600 tons of six popular fish species from government stockpiles to the market. Additionally, it will hold the March Onnuri Gift Certificate Refund Event, offering refunds of up to 20,000 won to consumers who purchase domestic seafood at 66 traditional markets. This initiative will continue monthly until June, expanding to 60-70 markets.

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Original content

An Onnuri gift certificate refund event was also held, investing KRW 36.6 billion. To stabilize seafood prices, the Ministry of Oceans and Fisheries supplies up to 600 tons of government stockpiles of six popular fish species, including mackerel, to the market. The Ministry of Oceans and Fisheries will also invest 36.6 billion won to support discounts on various marine products from March to April. This year, the Ministry of Oceans and Fisheries has designated six popular fish species, including pollack, mackerel, squid, cutlassfish, sea bream, and dried anchovies, as well as sea salt, as price management items and is managing prices with the Price Stability Response Team at the center. The items supported for this month's seafood discount event have also been expanded from last month, offering discounts on spring seasonal seafood such as sea squirts and rockfish in addition to popular fish species. The Ministry of Oceans and Fisheries will also hold the March Onnuri Gift ...

Source: Susantimes