South Korea increases cultivation area for spring onions by 7%, bullish trend to weaken

Published 2021년 3월 29일

Tridge summary

The article provides an overview of the current situation and forecasts for the price and cultivation of spring onions in South Korea. It highlights that prices have seen a slight decrease from their peak but remain higher than the previous year and the average. The weather conditions are favorable for a normal crop, which is expected to be shipped in mid-April, 15 days earlier than usual due to the strong prices. The cultivation area has increased by 7% compared to the previous year, and there are concerns about the potential overcultivation of spring leeks. Importes of Chinese fresh green onions are also on the rise, as they are cheaper than domestic leeks. The market is expected to see a slight decline in prices once the shipments increase in mid-April.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Prices fell slightly from the beginning of this month, but they are still higher than the previous year and the average year. The price of plowing is also soaring compared to last year. Weather conditions are good… Normal crops are expected to be shipped in earnest from mid-April In May, prices of spring onions are expected to reach the average level. The cultivation area of spring onions has increased by 7% from the previous year. The general observation is that the crops are good, so the average crop will be okay. From mid-April, when spring onions are shipped in earnest, there is a forecast that the strong trend of green onion prices will slightly decline. ◆Spring green onion, cultivation area increased by 7% compared to the previous year… Strong plowing prices = According to the Korea Rural Economic Institute, the area of cultivation for spring onions this year increased by 7% compared to the previous year. Buan, Jeollabuk-do is similar to the previous year, but it is ...

Source: Nongmin