Sunday 10 April 2011
Korea
Desperate for breeding pigs
South Korea, battling outbreaks of foot-and-mouth disease and bird flu, will increa
se tariff-free import quotas of breeding pigs, chickens for breeding and seed corn to ease a shortage and stabilize prices.
The government boosted the quotas for breeding pigs to 5,000 from 1,850 head and to 661,000 from 461,000 for breeding chickens, the Ministry of Strategy and Finance said in an e- mailed statement today. The measures will start tomorrow and last until the end of the year, statement said.
The government boosted the quotas for breeding pigs to 5,000 from 1,850 head and to 661,000 from 461,000 for breeding chickens, the Ministry of Strategy and Finance said in an e- mailed statement today. The measures will start tomorrow and last until the end of the year, statement said.
The Asian nation has culled about 3.5 million animals since late November, mostly pigs and cattle, to contain the spread of foot and mouth disease, the biggest outbreak in the nation’s history. Separately, authorities have destroyed 6.2 million chickens and ducks amid the outbreak of bird flu.
The increases will “help boost supplies of agricultural and livestock commodities, stabilizing local prices,” the ministry said...
more
http://www.bloomberg.com/news/2011-03-23/south-korea-to-raise-tariff-free-import-quotas-of-pigs-1-.html
Source: bloomberg
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