Seasonal vegetable price forecast in South Korea: Peeled garlic and dried red peppers with high production, while chives maintains its normal price

Published 2022년 10월 31일

Tridge summary

The article discusses the price prospects for key vegetables used in Korean cuisine, particularly garlic and dried red pepper, during the kimchi season. Despite a decrease in production, the prices for these items are expected to remain flat due to the release of government stockpiles. On the other hand, green onions and chives are expected to maintain normal prices or show a slight decrease, owing to increased shipments and sluggish consumption. The article highlights the efforts to stabilize the supply-demand and the impact of increased cultivation areas on price levels and market conditions for these vegetables.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Kim Jang-cheol Seasoned Vegetables Price Prospect Garlic and dried red pepper that gave a large amount of production Difficult to increase in value due to the release of stockpiles No change in price due to sluggish consumption Ahead of the kimchi season, garlic and dried red pepper prices are strong compared to the normal year, while chives and green onions are similar to normal or have a slight decline. Although the production of garlic and dried red pepper has decreased, it is highly likely that the production will remain flat due to the release of the Kim Jang-cheol government stockpile. It is analyzed that the price of chives and leeks will remain at the normal level as shipments of kimjang-cheol increase. ◆Garlic and dried red pepper prices are stronger than normal... Kim Jang-cheol expected to remain flat due to the release of government stockpiles Garlic prices are stronger than usual. According to aT (Korea Agro-Fisheries and Food Trade Corporation) on the 27th, ...
Source: Nongmin

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