AreaRepublic of Korea

Commodity GroupMeat

CommodityPig meat

Date01/07/2011

Policy CategoryConsumption and marketing

Policy InstrumentPrice support measures

DescriptionThe measure contains five main pillars to help lower fresh/chilled belly meat prices:1.incentives for contracting under the emergency government purchase of 10,000 metric tonnes; 2.the domestic selling price on the government-purchased meat cut by about 10 percent; 3.support payment to offset air freight expenses for imports outside the emergency government purchase; and 4.request to consumers to eat other pork cuts and local beef. These incentives are effective until 20 August.