South Korea: Jeju tangerines exports to Russia increase, increased by 90% compared to the previous year

Published 2023년 10월 26일

Tridge summary

Jeju tangerine exports to Russia are expected to increase significantly this year, with over 3,000 tons predicted to be exported, marking a 90.8% increase from last year. The decline in exports to Russia in recent years was primarily due to the resumption of low-priced tangerine imports from China and the war in Ukraine. However, the poor quality of Chinese tangerines and the difficulty of importing tangerines from Europe are expected to benefit Jeju tangerine exports to Russia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Jeju = Yonhap News) Reporter Kim Ho-cheon = Jeju tangerine exports to Russia this year are expected to increase significantly. On the 26th, the Jeju headquarters of Nonghyup announced the production forecast and distribution plan for open-field tangerines produced in 2023, predicting that more than 3,000 tons of open-field tangerines produced this year will be exported to Russia. This is an increase of more than 90.8% from last year’s export volume of 1,572 tons. Russia has been the largest exporter of Jeju tangerines, but imports of low-priced tangerines from China, which had been suspended due to an outbreak of fruit flies, resumed and the war in Ukraine led to a sharp decline in Jeju tangerine exports. In fact, Jeju tangerine exports to Russia peaked at 5,026 tons in 2021 and then plummeted by a whopping 68.7% last year. The Nonghyup Jeju headquarters analyzed that export prospects were dark due to the prolonged war with Ukraine and the continued impact of economic sanctions, ...
Source: Yna

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