Vice Minister Ki visits cucumber farms to inspect crop conditions and shipment status

Confirmation of the Effectiveness of Government Price Stabilization Measures

Kim Byung-hwan, First Vice Minister of the Ministry of Economy and Finance, is speaking about recent employment trends at the Job Task Force meeting held on the 15th at the Government Seoul Office in Jongno-gu, Seoul. Photo by Jo Yong-jun jun21@

On the 21st, Kim Byunghwan, the 1st Vice Minister of the Ministry of Economy and Finance, visited a cucumber farm located in Cheonan, Chungnam, to check the crop conditions and shipment price trends, and to assess the effectiveness of the government's price stabilization measures.

According to the Ministry of Economy and Finance, Vice Minister Kim reviewed the progress of the agricultural and livestock product price stabilization measures announced at the Livelihood Economy Inspection Meeting on the 18th, and listened to on-site opinions and difficulties.

The government decided to inject an emergency agricultural and livestock product price stabilization fund worth 150 billion KRW to respond to price instability of agricultural products such as fruits and vegetables, and is making all-out efforts to stabilize grocery prices by expanding support for delivery unit prices and discounts.

Vice Minister Kim first toured the cucumber cultivation site to check the growth status of vegetables and shipment trends, and requested that they do their best in growth management despite the difficult conditions caused by reduced sunlight.

He then held a meeting with officials from Nonghyup responsible for agricultural product supply and demand at the Dongcheonan Nonghyup Smart Agriculture Support Center and listened to on-site opinions on the effects of delivery unit price support.

When Vice Minister Kim emphasized that "the government's price stabilization measures must be properly reflected in consumer prices," Nonghyup officials responded that the delivery unit prices have actually decreased due to government support, and the final consumer prices have also fallen.

According to agricultural product distribution information from the Korea Agro-Fisheries & Food Trade Corporation (aT), the average consumer prices of 13 types of fruits and vegetables supported by the government for delivery unit prices from early March to the 8th-20th period fell by an average of 14.4% compared to the end of February.

The government stated that it will operate an inter-ministerial emergency response system until the prices of agricultural, livestock, and fishery products stabilize, checking daily the price and supply-demand trends by item and the implementation status of government measures, and will respond immediately to any instability factors.

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