South Korea: Demand for seedlings increases amid strong apple prices, a precious treat

Fresh Apple

Fruits

South Korea

Market & Price Trends

Published Mar 25, 2024

Tridge summary

The Iwon Seedling Market in Okcheon, North Chungcheong Province, Korea, has seen a 20% increase in demand for apple seedlings this year due to rising apple prices, a result of last year's natural disasters. However, supply has not been able to meet this demand, causing prices to rise for all apple varieties. New varieties such as ‘Arisu’ and ‘Sinano Gold’ are particularly scarce, while traditional varieties like ‘Fuji’ and ‘Hongro’ are being sold at prices 20-30% higher than last year. Meanwhile, demand for other fruit trees is focused on new varieties, and demand for landscaping trees has decreased due to the construction recession and economic downturn.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

There is a surge in apples in the seedling market this year. As apple prices continued to rise due to natural disasters such as abnormally low temperatures and hail last year, demand for seedlings appears to have also increased rapidly. Iwon Seedling Market in Okcheon, North Chungcheong Province, one of the largest seedling markets in Korea, recently opened. With the number of farmers looking to purchase apple saplings continuing, the number of farmers seeking apple saplings has increased significantly this year. Kim Cheol-gi, CEO of Green Nursery Farm at Iwon Nursery Market, said, “Apple prices are higher than any other year, and this appears to be due to the influence of recent related news in various media.” He added, “The aftermath of last year’s damage is expected to continue until this year, so the popularity of apple seedlings will continue for the time being.” “I think it will happen,” he predicted. Market officials estimate that demand for apple seedlings has increased by ...

Source: Nongmin