South Korea: Main seasoning vegetables such as onions have strong wholesale prices

Published 2022년 5월 11일

Tridge summary

The article highlights the anticipated stable wholesale prices for major seasoned vegetables like onions, garlic, and chives, attributing the trend to low production numbers and increased demand. Onions are experiencing a decrease in planting and yield, leading to a predicted price increase of 700 won per kilogram. Garlic prices are expected to rise to 9,000 won per kilogram due to reduced short-term inventory, higher storage and processing costs, and increased loss rates. Chives prices may also increase due to a sluggish harvest caused by drought during the growing season and a decrease in market shipments as farms switch crops.

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

Original content

This month's wholesale prices of major seasoned vegetables such as onions, garlic, and chives are expected to remain strong. According to the Agricultural Observation Center of the Korea Rural Economic Research Institute and distributors at the Garak-dong Agricultural and Fisheries Wholesale Market, the production of early-grown onions is 203,000 tons, a decrease of 3.3% compared to the average year, and the production is insufficient compared to the average year due to the waste of 194ha. The cultivated area of early onions is expected to be 2781ha, down 5.4% and 2.9% from last year and normal years, respectively, and the yield is expected to be 7,290kg based on 10a, which is 1.4% less than last year. The production of mid-late varieties of onions is also expected to be 16.1-17.4% lower than the average year. This is because last year, the cultivated area decreased by 6.7% and 14.9%, respectively, compared to the normal year, and the yield is expected to be 6-8% compared to last ...

Source: Aflnews