South Korea: May-June Abalone shipments are expected to increase and production prices to decline

Analysis has shown that production prices will decline as abalone shipments increase in May and June. According to the Fisheries Observation Center of the Korea Institute of Oceans and Fisheries, the demand for abalone is expected to increase in May, the month of family, and shipments are expected to be about 2,000 tons, 6% more than the previous month (1882 tons). Also, in June, shipments are expected to increase by 5% from the previous month, as the tendency to ship before the summer season is expected to be large, mainly in Wando, Jeollanam-do. The center predicted that production prices would decline as the supply of abalone increased. In May, the demand for abalone is expected to increase due to the influence of family events, but the increase in the supply of abalone from the producing area is expected to be greater. Accordingly, the production price of abalone, the size of 10 per kg, is expected to be 32,000 to 34,000 won, down from the previous month (34,100 won). As the ...