South Korea: Potato crops this fall are expected to be lower than last year

Published 2024년 11월 29일

Tridge summary

The Korea Rural Economic Institute's Agricultural Observation Center has predicted a decrease in fall potato production this year, with a projected decrease of 6.4% compared to the previous year, equivalent to a 13.4% decrease from the average. This is due to insufficient rainfall and sunlight during a critical period for the crops. Despite this, potato shipments in December are expected to rise by 7.5% as stored potatoes will be included in the shipments. The wholesale potato price in December is projected to be around 38,000 won for a 20kg product, marking an 11.9% decrease from the previous year. Additionally, the institute has noted a slight increase in the area intended for spring potato cultivation in 2025.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This year's fall potato production is expected to decrease compared to last year. The Korea Rural Economic Institute's Agricultural Observation Center recently announced through potato observation forecasts that this year's fall potato production will decrease by 6.4% compared to the previous year, to around 23,000 tons. The decrease compared to the average year will increase further to 13.4%. The Agricultural Observation Center pointed out that this year's fall potato crop was worse than last year as the reason for the decrease in production. It analyzed that the crop was not good compared to the previous month due to insufficient rainfall and sunlight in both the inland and Jeju. The inland area was affected by continuous rainfall from the sowing season to early November, and the Jeju area also had a poor crop due to heavy rain from late October to early November. Meanwhile, potato shipments in December are expected to increase by 7.5% compared to the previous year. This is ...
Source: Agrinet

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