Hamyang County Steps Up Efforts to Expand Onion Exports

MOU Signed with NH Nonghyup Trade and Hamyang Nonghyup

"Full Commitment to Price Stabilization and Developing Overseas Markets"

With onion prices remaining weak, Hamyang County has begun full-scale efforts to stabilize supply and demand and protect farm incomes by targeting overseas markets.

On May 18, Hamyang County signed a tripartite memorandum of understanding (MOU) for the expansion of Hamyang onion exports with NH Nonghyup Trade and Hamyang Nonghyup at the second-floor conference room of the Hamyang Nonghyup headquarters.

[Photo provided by Hamyang County] On the 18th, Hamyang County signed a 'Tripartite Memorandum of Understanding (MOU) to Expand Onion Exports from Hamyang' with NH Nonghyup Trade and Hamyang Nonghyup at the conference room on the second floor of the Hamyang Nonghyup headquarters.

The ceremony was attended by Yang Sangho, Acting Governor of Hamyang County; Lee Jaeho, CEO of NH Nonghyup Trade; Kang Sunwook, Head of Hamyang Nonghyup; Yoon Oejun, Head of the Hamyang Branch of the National Agricultural Cooperative Federation; Nam Jongwoo, President of the National Onion Producers Association; and others, all of whom agreed on expanding onion exports and establishing stable sales channels.

Under the agreement, the institutions will continue to cooperate to expand the export of agricultural products from Hamyang, strengthen export marketing, jointly establish overseas distribution networks, increase the export volume of onions when oversupply is a concern, and pioneer new overseas markets.

Although this year's onion cultivation area is similar to last year's, favorable weather conditions are expected to increase production, raising concerns about a drop in prices. In response, Hamyang County plans to move away from a domestic-focused distribution structure and pursue a strategy of dispersing volume and stabilizing prices by developing overseas markets.

The county has set a target to export 2,000 tons of Hamyang onions this year, valued at approximately 1.13 billion won, and plans to begin exports mainly to Taiwan and other countries starting in June, when the onion harvest is in full swing.

Yang Sangho, Acting Governor of Hamyang County, stated, "This agreement is a preemptive measure to stabilize supply and demand in response to concerns about price declines due to increased production," and added, "We will do our utmost to stabilize farm incomes and strengthen the competitiveness of Hamyang agricultural products through ongoing overseas marketing and the expansion of sales channels."

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