SOUTH KOREA: Government buys fish to minimise red tide losses
Fish farmers counting the cost of a toxic red tide have welcomed government plans to buy up live fish from fish farms in the eastern and southern coastal areas. Red tide is a natural environmental phenomenon that causes an explosion of red-tinted algae toxins, which are poisonous to fish. The tide was first reported a week ago in the South Kyongsang Province and financial damage to fish farmers in the affected areas is already estimated to run to nearly 3bn won (US$2.3m).
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Unilever 2016 investor day - the top takeaways
- The key questions for digital strategists in 2017
- Have food promotions reached tipping point?
- ABF on Brexit, M&A and grocery - interview
- Can manufacturers revitalise shopper experience?
- Nestle unveils process to cut sugar by 40%
- General Mills jobs to go in business revamp
- Japan's Nagatanien buys Chaucer Food Group
- B&G acquires pasta sauce group Victoria Fine Foods
- Tyson sets up US$150m investment fund