Reeling in mackerel prices
Published: 17 Jun. 2025, 19:21
A shopper selects mackerel at a large supermarket in Seoul on June 17. To stabilize food prices, the Ministry of Economy and Finance announced the previous day that it will expand tariff-rate quotas on products with notable price increases, such as mackerel and processed egg products, and include support for livestock and fisheries facility investments in a supplementary budget proposal. For mackerel, the government will implement a tariff-rate quota from July to December, cutting the duty from 10 percent to zero on 10,000 tons.[YONHAP]
with the Korea JoongAng Daily
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