Slight increase in local prices due to poor production of fresh laver in South Korea

Published 2021년 11월 15일

Tridge summary

The article reports on the early start of the mulberry and seaweed harvest for 2022 in Korea, with varying start dates across different regions due to differing water conditions. The production of body rock laver has been poor, leading to a decrease in supply and an increase in prices in November. Despite increased exports of seaweed from January to October, both in volume and value, the price increase was not significant due to the lower quality of the product. The Fisheries Observation Center predicts a 26.6% decrease in laver production in November compared to the same month last year, alongside a decrease in the number of facilities available for harvesting.

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Original content

The first batch of mulberry produced in 2022 started earlier than last year, but it is counted that the production price has risen somewhat due to the sluggish crop and reduced supply. According to the Fisheries Observation Center of the Korea Maritime and Fisheries Development Institute, the first plate of seaweed from 2022 began on October 6 in Jindo, Jeollanam-do, which was seven days earlier than last year. In the Shinan area, the top plate started on October 10, five days earlier than last year. However, only in the Haenam region, it started on October 25, about 9 days later. This year, due to poor production of it body rock laver, production decreased, and the number of top plates decreased significantly compared to last year. Due to this influence, the local price showed a weaker than last year until early and mid-October, but the price has risen since mid-October due to the low production of It-Body Stone laver. The price of seaweed in Haenam was 368,100 won to 432,000 won ...

Source: Fisheco