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Nonghyup and Ministry of Agriculture Push Summer Fruit and Vegetable Supply Stabilization Measures
🇰🇷 South Korea /Culture & Society

Nonghyup and Ministry of Agriculture Push Summer Fruit and Vegetable Supply Stabilization Measures

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • The National Agricultural Cooperative Federation and the Ministry of Agriculture and Food are implementing measures to stabilize the supply of fruits and vegetables during the summer.
  • The initiative includes 1.24 billion won in support for crop management, consumption promotion, and harvest regulation, with a focus on mitigating high-temperature damage.
  • Measures include distributing high-temperature damage prevention agents, offering discounts on produce, and providing financial support to farmers if wholesale prices fall below a certain threshold.

South Korea's National Agricultural Cooperative Federation (Nonghyup) and the Ministry of Agriculture and Food are launching a joint initiative to stabilize the supply of fruits and vegetables during the summer months. This plan aims to address the challenges posed by abnormal weather conditions, such as heatwaves, and ensure consistent production and consumption of key produce.

The program allocates a total of 1.24 billion won (approximately $900,000 USD) to support various aspects of the agricultural sector. This funding will be directed towards managing crop growth (740 million won), stimulating consumption (300 million won), and regulating market supply (200 million won). A significant focus is placed on preventing damage to crops grown in greenhouses due to high temperatures.

This measure is expected to help farmers who are experiencing difficulties due to abnormal summer weather.

— Kim Ju-yangKim Ju-yang, Nonghyup's representative for agricultural economy, expressed hope for the program's impact on farmers.

Nonghyup will provide essential agricultural materials, including agents to prevent high-temperature damage and nutritional supplements, to greenhouse farms until the end of August. Additionally, nationwide retail outlets will offer discounts of up to 47% on popular fruits and vegetables like tomatoes and zucchini until July 29. These efforts aim to encourage consumer purchasing and manage existing stock.

To further support farmers, the initiative includes a mechanism to provide financial assistance if wholesale prices for key items such as tomatoes, cucumbers, and eggplants fall below a predetermined benchmark for three consecutive days. Farmers participating in the supply stabilization program will receive compensation covering 10% to 15% of the supply price for produce diverted to processing. Kim Ju-yang, Nonghyup's representative for agricultural economy, expressed hope that these measures would aid farmers facing difficulties due to unusual summer weather and pledged continued support from the government.

We will spare no effort to support farmers so that they can focus on farming with peace of mind.

— Kim Ju-yangKim Ju-yang pledged continued government and Nonghyup support for agricultural stability.
DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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