Ministry of Oceans and Fisheries Lowers Tariff on 6,000 Tons of Mackerel from 10% to 0%

The Ministry of Oceans and Fisheries announced on the 23rd that it has applied a tariff quota to 6,000 tons of imported mackerel, reducing the tariff from 10% to 0% in order to stabilize mackerel prices.

The production volume of medium and large-sized mackerel was 19,610 tons in 2022, a 16.1% decrease compared to the previous year. Last year, it further declined by 11.6% to 17,344 tons. In January of this year, production was 1,886 tons, down 27.3% from the same month last year. Since the second half of 2022, production of medium and large-sized mackerel (300?600g), which consumers prefer, has continuously decreased, causing consumer prices to rise.

Considering the sluggish production of medium and large-sized mackerel and the fishing moratorium period (April 23 to June 21), the Ministry decided to apply a tariff quota to 20,000 tons of imported mackerel in the first half of this year. Of the 20,000 tons quota for the first half, 3,000 tons were implemented in January, and since the 21st, an additional 6,000 tons have been subject to the tariff quota.

On the same day, Vice Minister Song Myung-dal visited an imported mackerel distribution company in Saha-gu, Busan, toured the storage warehouse for imported mackerel, listened to trends in mackerel imports, and urged that the supply price of imported mackerel be lowered in accordance with the tariff reduction benefit to promptly supply the market, in line with the purpose of introducing the tariff quota.

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