BUSINESS ACTIVITIES
Supply-Demand Stabilization
Safe food starts with stable supply and demand. Korea Agro-Fisheries & Food Trade Corporation(aT) aims to promote price stability by purchasing, importing, and releasing agricultural products that are closely related to public’s food culture with high price fluctuation. aT plans to stabilize the income of farmers through preemptive supply and demand management of agricultural products and steadily establish a foundation for self-reliance of domestic agricultural products.
- ㅇ Foster export-leading organizations
- - By fostering an export-leading organization that is consistent from production to exports to lead the exportation of agricultural and fishery products. By integrating export organizations of the same product/category and develop them into leading agricultural food export organizations, such as Zespri, in the long run.
- ㅇ Manage TRQ rice introduction and sales
- - Even after the rice tariff (implemented in 2015), 408,700 tons of mandatory imports (total quota) are imported at a tariff rate of 5%.The corporation is responsible for managing the mandatory import volume and is working to minimize the impact on the domestic rice market and strengthen its competitiveness.
- ㅇ Purchase stockpiling management
- - Stocking eight agricultural products with shelf life before shipment and releasing them at a time when prices rise preserves producer profits and stabilizes consumer prices.
- ㅇ Analyze international grain information
- - The international grain monitoring system is operated to establish policies, such as stockpiling projects, to respond to the international grain market, where supply and demand instability has intensified because of abnormal weather and the expansion of grain majors’ influence.
- ㅇ Analyze overseas agricultural products import information
- - Promoting the efficiency of the stockpiling business by regularly monitoring items with low domestic self-sufficiency in local markets, such as TRQ-managed items and support the crackdown on illegal and expedient imports by the private sector, such as low-cost import declarations, by providing a standard price for tax assessment.