South Korea: Release of government stockpile seafood for price stabilization during the cold season
Seafood
South Korea
Published May 17, 2022
Tridge summary
The Ministry of Oceans and Fisheries will first supply 1824 tons of government stockpiled seafood to the market for 24 days from the 11th to the 3rd of the next month to stabilize prices during the cold season. The emission amount by item is 731 tons of mackerel, 414 tons of squid, 359 tons of cutlassfish, 269 tons of dried anchovies, and 51 tons of dried anchovy. The government stockpile seafood is first supplied to traditional markets and large marts where consumers can directly purchase, and will be sold at a discount of up to 30% from the market price. In addition, some items are planned to be supplied as processed products so that consumers can cook more conveniently.
Original content
The Ministry of Oceans and Fisheries will first supply 1824 tons of government stockpiled seafood to the market for 24 days from the 11th to the 3rd of the next month to stabilize prices during the cold season. The emission amount by item is 731 tons of mackerel, 414 tons of squid, 359 tons of cutlassfish, 269 tons of dried anchovies, and 51 tons of dried anchovy. The government stockpile seafood is first supplied to traditional markets and large marts where consumers can directly purchase, and will be sold at a discount of up to 30% from the market price. In addition, some items are planned to be supplied as processed products so that consumers can cook more conveniently. Meanwhile, the Ministry of Oceans and Fisheries is considering a plan to additionally release pollack, one of the government's stockpiled fishery products, in consideration of price fluctuations and supply and demand conditions. In addition, in order to check whether the quantity of emitted products is ...
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