South Korea: The government needs to make mung bean purchase a reality

Published 2022년 11월 25일

Tridge summary

The article highlights the significant decrease in the price of domestic mung beans in South Korea, with the average price falling to one-third of last year's range due to imported mung beans from Peru. Despite an investigation into the origin of these imports, their continued arrival has further pushed down local prices. Domestic producers are urging the government to intervene, arguing that the current purchase price does not cover production costs. In response, the government has increased the purchase price by 11%, but producers insist that it remains inadequate.

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Original content

7,800 won for 1 kg of 1st grade Farmers “not meeting production costs” Bulk distribution at low prices from Peru Declining domestic consumption prices While the price of domestic mung beans has continued to decline recently, it was found that more than 4,000 tons of Peruvian mung beans were imported this year as well. Producers are urging the government to come up with countermeasures, saying that domestic mung bean prices are falling due to continuing imports despite an investigation into the origin of Peruvian mung beans imported last year. ◆4,000 tons of Peruvian mung beans imported this year = According to the Korea Customs Service, 4,232.5 tons of Peruvian mung beans were imported from January to October this year. Peruvian mung beans were suspected of violating the country of origin last year (8561.2 tons), and a government investigation is currently underway. . Even under such circumstances, the reason why mung bean imports from Peru are proceeding this year is ...

Source: Nongmin