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The trigger criteria for the agricultural product price stabilization system is set at 80% of the average wholesale price.

Agriculture, Fisheries & Livestock News
The trigger criteria for the agricultural product price stabilization system is set at 80% of the average wholesale price.
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[Nongsuchuksan Shinmun = Reporter Park Yu-shin] The trigger standard for the Agricultural Product Price Stabilization System has been set at 80% of the average annual wholesale price. On the 10th, the Ministry of Agriculture, Food and Rural Affairs held the ‘1st Agricultural Product Price Stabilization Deliberation Committee’ at the aT Center in Yangjae-dong, Seoul, presided over by Vice Minister Kim Jong-gu, and deliberated on detailed operational plans for the implementation of the system, including target items and the method for calculating standard prices. The Agricultural Product Price Stabilization System is a core component of the ‘Act on the Distribution and Price Stabilization of Agricultural and Fishery Products,’ which was amended last August to strengthen the state’s responsibility for establishing a management safety net for farms; it applies when, despite the government’s preemptive supply and demand management, the average price of agricultural products for the relevant year...

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