Area
Republic of Korea
Commodity Group
Meat
Commodity
Bovine meat
Date
01/07/2011
Policy Category
Consumption and marketing
Policy Instrument
Price support measures
Description
The measure contains five main pillars to help lower fresh/chilled belly meat prices:1.incentives for contracting under the emergency government purchase of 10,000 metric tonnes; 2.the domestic selling price on the government-purchased meat cut by about 10 percent; 3.support payment to offset air freight expenses for imports outside the emergency government purchase; and 4.request to consumers to eat other pork cuts and local beef. These incentives are effective until 20 August.
