Namwon-si 'Yeomso Auction Market' Opens... Operates on the Second and Fourth Wednesdays

Namwon City in Jeonbuk announced on the 11th that it opened the first goat auction market at the Josan-dong livestock market the day before.

There are eight goat auction markets nationwide, and Namwon Livestock Cooperative is the first to operate one in Jeonbuk.

On the 10th, the goat auction market was opened for the first time at Josan-dong Livestock Market.
[Photo by Namwon City]

On that day, a total of 77 goats from eight nearby cities and counties were brought to the goat auction market, with 72 goats sold through auction, recording a 94% success rate, and live goats were traded at an average price of 20,000 KRW per kilogram.

The goat auction market is scheduled to open regularly twice a month (on the second and fourth Wednesdays), and currently uses the cattle holding pen as the auction facility, but plans to supplement and build auction facilities suitable for goats in the future.

When using the goat auction market, for the sake of farmers and livestock quarantine, only goats from farms registered for livestock breeding and vaccinated against foot-and-mouth disease are allowed to be sold.

The president of the Namwon Black Goat Association said, “Goat distribution prices were determined by middlemen, so farmers could not sell goats at fair prices. With the opening of the goat auction market in the region, farmers can sell safely at fair prices, which is expected to lead to the sustainable development of the goat industry.”

A city official stated, “Amid recent expectations for growth in the goat industry, we are thoroughly enforcing livestock quarantine for fair and transparent livestock transactions and safe goat trading. We expect the income of goat farmers in Namwon to be secured and the goat consumption market to expand.”

Namwon = Asia Economy Honam Reporting Headquarters, Reporter Jeong Young-gwon baekok@asiae.co.kr

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