Government Expands Supply of 10 Major Chuseok Seasonal Goods by 1.3 Times... Controls Prices of Ancestral Ritual Table Items

Ministry of Agriculture, Food and Rural Affairs Launches Full-Scale Measures for Stable Supply of Chuseok Seasonal Products
Supply Stabilization Task Force Operates from 7th to 29th... Focused Management of Supply and Price Conditions

[Sejong=Asia Economy Reporter Kim Hyunjung] The government will intensively manage the supply and demand conditions of Chuseok seasonal products and expand related supply by 1.3 times compared to normal times to stabilize prices. Various promotional events linked to the Chuseok gift value limit, which has been raised to 200,000 won, will also be promoted to support the stability of farm management.

On the 10th, the Ministry of Agriculture, Food and Rural Affairs announced that during the Chuseok countermeasure period, it will supply the top 10 seasonal products on average 1.3 times more than usual to induce price stabilization. By item, agricultural products will increase by 1.6 times, livestock products by 1.2 times, and forest products by about 2.8 times.

Accordingly, from the 16th to the 29th, over two weeks, a total of 88,441 tons will be supplied to the market, including 22,680 tons of four agricultural products such as napa cabbage, radish, apple, and pear; 65,593 tons of four livestock products such as beef, pork, chicken, and eggs; and 168 tons of two forest products such as chestnuts and jujubes. For vegetables and fruits, contract cultivation volumes from Nonghyup will be used; for livestock products, slaughter volumes from the Livestock Cooperative and member-held volumes from related organizations will be utilized; and for forest products, volumes held by the Forest Cooperative will be employed.

Wholesale Price Fluctuation Rate (%) Compared to the Average from Early May to September 2020

The Ministry of Agriculture, Food and Rural Affairs will also strengthen untact marketing and support the consumption promotion of domestic agricultural and livestock products through collaboration with local governments and the business sector. Additionally, it will support farm management stability by providing discounted supplies of pesticides and other chemicals and supporting the purchase of processing water for fallen fruit. Broadcasting sales of Chuseok seasonal products will be intensively scheduled on public home shopping channels, and various distribution channels such as e-Hanaro Mart and online shopping malls (Naver Store) will be utilized. Promotion through online mom cafes and YouTube influencers will also be conducted.

Along with the temporary increase of the Chuseok gift value limit from 100,000 won to 200,000 won, a 'Gift Content Sticker' will be attached, and promotional events such as the holiday gift sending campaign will be promoted.

Furthermore, discount events linked to online and direct transactions, provision of price information, and discount sales will help reduce Chuseok table setting costs. Intensive crackdowns on illegal distribution activities will be conducted until the 29th, along with food safety and hygiene inspections.

This content was produced with the assistance of AI translation services.