South Korea: Jeju winter radish was exported to the US for the first time this year, expectation of stable supply and demand

Published 2023년 11월 6일

Tridge summary

Seongsan Ilchulbong Agricultural Cooperative in Jeju, South Korea, has started exporting winter radishes to the United States in order to stabilize supply and demand. Despite concerns about the low market price and potential instability in supply and demand, the cooperative is aiming to increase its export volume by over 40% compared to the previous year. The cooperative, which was designated as the nation's first leading export organization for winter radishes, plans to pursue a diversified distribution method including exports to address these issues.

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Original content

[Korea Farmers and Fishermen Newspaper Reporter Kang Jae-nam] Early export of winter radish from Jeju is being promoted to stabilize supply and demand. Seongsan Ilchulbong Agricultural Cooperative (Chairman Kang Seok-bo) announced on the 1st that the first export shipment of Jeju winter radish to the United States was carried out at the Seongsan Ilchulbong Agricultural Cooperative Distribution Center. According to a survey on the intention to cultivate major vegetables in 2023-2024 conducted by Jeju Island, the area intended to cultivate winter radishes is 5,424 ha, which is similar to the previous year's cultivation area of 5,464 ha, but is expected to increase by 3.7% compared to the average cultivation area of 5,232 ha. The average market price of winter radishes at Garak Market in October was 11,061 won per 20kg, a 57% decrease from 25,813 won in the same period last year, raising concerns about the price of Jeju winter radishes that are about to be shipped. Seongsan ...

Source: Agrinet