Onion price phenomenon, Chinese products outperform domestic products of South Korea

As the shipment of this year's early-ripe onion started in earnest, the price of domestic onion fell while the price of imported onion soared, raising complaints from shippers. On the one hand, there is a growing voice of criticism for the government's hasty supply and demand policy, saying that it is the result of the decline in competitiveness of domestic onions due to excessive early shipment inducement. On the 17th, at Garak Market in Seoul, onions were traded at an average of 1,327 won per 1kg product. It is still 47.9% higher than the average price in April (897 won), but considering that it was traded at an average of 1,700 to 1,800 won a month ago, the short-term decline is excessive, raising concerns. It is analyzed that the early shipment of early-seasoned onions had a big impact on such a drop in domestic prices. On March 16, as early onions were shipped from Jeju, the onion price, which had been marching high, fell to the 1,200-1,300 won range. At the beginning of this ...