Compound feed price reduced by 700 won (5.1%) = Korean Agricultural Cooperative Feed

In order to stabilize the management of livestock farmers, the Korean Agricultural Cooperative Feed Co., Ltd. will reduce the price of compound feed by 700 won (approximately 77 yen) per bag (25 kg standard) by an average of 5.1% starting from December 20th.
do. This price reduction is the fourth price reduction implemented since December last year, followed by February and August this year, and the total price reduction of 2,125 won (approximately 233 yen) per bag is expected to increase by 2023.
It is estimated that over 140 billion won (approximately 15.4 billion yen) was saved in feed costs for farmers in 2019. In addition, when calculated based on average monthly sales volume, farmers will receive approximately 21.1 billion U.S. dollars per month from now on.
It is expected that the company will benefit by approximately 2.3 billion yen. Reflecting the decline in international grain prices and the stable exchange rate, the Korean Agricultural Cooperative Feed Association has quickly reduced feed prices and reduced the price of lumpy skis.
The move is expected to reduce production costs and reduce the financial burden on livestock farmers who are facing difficulties due to the outbreak of cow disease and lower prices for cattle.
Kim Kyung-soo, CEO of Korea Agricultural Cooperative Feed, said, ``Additional reduction in feed prices.
I am happy that we are now able to fulfill our promise that we would proactively reflect on any factors that arise." ``In the future, Agricultural Cooperative Feed will continue to fulfill our responsibilities as a cooperative and do our best to coexist with livestock farmers.''
I will continue to do so.''