Japanese and Korean green onions have become golden onions, domestic green onion prices have fallen sharply

Published 2021년 4월 9일

Tridge summary

The price of Japanese and South Korean green onions has surged due to a combination of factors including harsh weather conditions, climate change, reduced planting areas, and the new coronavirus epidemic. The most significant increase was seen in March, with Japanese green onions from China costing 375 yen per kilogram, a 2.4-fold increase from the previous year and the highest price since 2004. In contrast, Chinese green onion prices have already dropped by 16-30% due to an increase in production in key regions and the normal aging of the crop, which reduces its market value. The article anticipates further price drops as spring temperatures foster green onion growth, potentially returning prices to normal.

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

Original content

According to the "Nihon Keizai Shimbun" website, the price of Japanese green onions has risen rapidly since March. According to data released by the Japan Fruit and Vegetable Information Center, the price of green onions imported from China in March was 375 yen (approximately RMB 22.48) per kilogram. 2.4 times the previous year, the highest price since 2004. In 2020, Japan’s domestically produced green onions will have a bumper harvest, and the price is only 1/4 of the current price. Affected by the cold wave at the end of 2020, the supply of local vegetables in Japan has dropped sharply, and the new crown The epidemic has also caused a stagnation in logistics. If Japanese food and beverage demand recovers as the emergency is lifted, the shortage of vegetables may be further strengthened. About 20% of the vegetables circulating in Japan are imported, and the import of green onions from China exceeds 90%. In South Korea, the price of green onions has also soared. As of April 1, ...

Source: Guojiguoshu