Government removes sales cap on syringes and needles, while extending hoarding ban on urea solution and urea
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Summary
However, as supply and demand conditions have recently been assessed as stable, the storage volume standard will be eased from 150% to 200% of the previous year, and the sales volume limit will be completely lifted. Hospital stock levels as of the 16th of last month also recovered to 97% of the previous year, returning to pre-Middle East war levels. The Ministry of Economy and Finance announced on the 24th that it held a task force meeting of ministers in charge of special management of consumer prices at the Seoul Government Complex, chaired by Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol, and discussed the 'Plan for Implementing the Prohibition of Hoarding of Syringes, Needles, Urea Solution, and Urea' containing such measures.
Furthermore, The current notice stipulates that manufacturers and sellers cannot store products exceeding 150% of the average monthly sales of the previous year or sell more than 110%.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
However, as supply and demand conditions have recently been assessed as stable, the storage volume standard will be eased from 150% to 200% of the previous year, and the sales volume limit will be completely lifted.
reliability moderate2/2 sourcesHospital stock levels as of the 16th of last month also recovered to 97% of the previous year, returning to pre-Middle East war levels.
reliability moderate2/2 sourcesThe Ministry of Economy and Finance announced on the 24th that it held a task force meeting of ministers in charge of special management of consumer prices at the Seoul Government Complex, chaired by Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol, and discussed the 'Plan for Implementing the Prohibition of Hoarding of Syringes, Needles, Urea Solution, and Urea' containing such measures.
reliability moderate2/2 sources
Reported detailssecondary facts, each attributed to its source
The current notice stipulates that manufacturers and sellers cannot store products exceeding 150% of the average monthly sales of the previous year or sell more than 110%.
according to Donga IlboAccording to the notice, urea water and urea importers, manufacturers, and sellers cannot store more than 150% of the previous year's average monthly sales volume for more than 7 days.
according to Kyunghyang Shinmun
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Sources2 sources cross-checked
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