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Current Position:Home » News » General News » Topic

Taiwan: Ag Council trying to regulate high produce prices

Zoom in font  Zoom out font Published: 2016-10-18  Views: 14
Core Tip: Taiwan's Council of Agriculture (COA) has been accused of inaction in the face of spiralling vegetable prices, which are the result of typhoons over the past few months.
Taiwan's Council of Agriculture (COA) has been accused of inaction in the face of spiralling vegetable prices, which are the result of typhoons over the past few months. The Council have however refuted the claims.

The National Policy Foundation, a Chinese Nationalist Party (KMT) think tank, said that the Executive Yuan has done nothing to keep prices at bay.

Vice Premier Lin Hsi-yao said that the council has increased the supply of produce from stockpiles to stabilize the market, adding that council members and the Fair Trade Commission had recently checked markets and that retailers found artificially inflating prices were punished according to the law.

Council Deputy Minister Chen Chi-chung told a news conference at the Executive Yuan that the KMT’s criticisms were inaccurate.

Executive Yuan spokesman, Hsu Kuo-yung, said that as of Thursday, the government had put approximately 1,954 tonnes of produce into the market to help keep prices down.

Hsu said that the Executive Yuan plans to increase the distribution of frozen produce from stockpiles.

According to the council, the government has distributed stock to 172 supermarkets in the greater Taipei area, as well as 14 stores linked to farmers’ associations, supplementing supplies of Chinese cabbages, white radishes, carrots, onions and potatoes.

It said that supplies of frozen vegetables at supermarkets and small retail stores have also been supplemented, including potatoes, corn, green beans, broccoli, cauliflower, bitter melon and green onions.
 
 
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