[Market price at a glance] South Korea: Great wave, cold wave and heavy snow overlap'precious body' Kang Bo-hap expected

Published 2021년 1월 15일

Tridge summary

Harvest season in Sinan and Jindo is causing a significant increase in the price of green onions, with the average meridian price at the Seoul wholesale market soaring by 186% compared to last year. This is due to heavy snowfall and cold wave conditions that have suspended shipments and led to a decrease in harvest, exacerbated by a decrease in cultivation area in these areas. Experts predict that prices will remain high even after the cold wave passes, and that shipments will continue to be smaller than previous years due to the reduced production area and poor crop conditions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The main production areas of Sinan and Jindo are hitting the harvest due to the low cultivation area and poor crop conditions. On the 13th, the average meridian value for a long onion at the agricultural and marine products wholesale market in Garak-dong, Seoul was 3,222 won per 1 kg product. This is 186% higher than the average meridian price of 1127 won in January last year, and 93% higher than the average meridian price of 1670 won in January. The increase in the price of green onions was affected by the recent heavy snowfall and cold wave that caused the shipment to be suspended in the main production area. On the 4th to 12th, when there was a cold wave, the amount of green onions brought into the Garak Market was 2368 tons, down 592 tons from 2960 tons in the same period last year. Choi Yong-seok and Daeacheong auctioneer explained that "the strong decline was caused by a sharp drop in harvesting work in Sinan and Jindo, Jeollanam-do, which accounts for 90% of winter leek ...
Source: Nongmin

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