South Korea: Severe sluggish sea squirt harvest in season

Published 2022년 4월 18일

Tridge summary

The article reports a decrease in sea squirt production in Korea, with a 11.3% drop in March compared to the previous year and 43.7% less than the average year. This is attributed to poor crop conditions and slow growth. As a result, prices have surged, with the price per kilogram in March being 39.8% and 32.5% higher than the normal year and the same month last year, respectively. The trend of high prices is expected to persist, and the production center price in April will also be higher than last year. Additionally, sales of cumulative algae (shelled sea squirt) stomachs at Tongyeong, Gyeongnam, have also seen a significant decrease, by 53.5% and 54.1% compared to the same month last year and the average year, respectively, and the price per kilogram has increased by about 48%.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Harvesting of sea squirts in season has begun in earnest, but production has decreased due to poor crop conditions, and local prices have risen sharply. According to data from the Fisheries Observation Center of the Korea Maritime and Fisheries Development Institute, the production of sea squirts in March was 2,994 tons, down 11.3% from the same month last year, and 43.7% less than the average year. An official from the center explained, “The amount of available extraction was reduced due to the small initial facility and sluggish growth and obesity.” By region, 2826 tons were shipped from Gyeongnam, 15.4% less than the same month last year, 82 tons from Gyeongbuk, and 86 tons from Gangwon. The center also predicted that the production of sea squirts in April would be lower than last year (5824 tons). This is because, during this period, the amount of remaining facilities in Gyeongnam, the main production area, is expected to decrease compared to last year, resulting in a decrease ...
Source: Fisheco

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