“The crop is good without frost damage… “Concerns about price decline due to overproduction of peaches

Published 2024년 6월 25일

Tridge summary

South Korea is preparing for the peach harvest in late June to early July, expecting a good crop size following last year's cold weather damage. However, farmers are worried about potential price drops due to overproduction and decreased agricultural consumption after the 'Golden Apple' incident. The majority of peach cultivation is in the nursery variety, with a smaller proportion in the hairless 'cheondo' variety. Efforts are being made to control supply and demand and boost consumption. Wholesale prices are already down compared to the previous year, and concerns are raised about the quality and market price, especially with the anticipated increase in small fruits and potential effects of high temperatures and the rainy season.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Reporters Go Seong-jin and Woo Jeong-su, Korea Farmers and Fishermen Newspaper] The summer fruit, peaches, is about to be shipped out in earnest in late June to early July. The current shipment flow is mainly centered on ‘Cheondogye’, which is an extremely early bird from the southern region (Jeolla and Gyeongsang), but as the production area expands to the central region (Chungcheong) in July, the shipment of ‘Yomogye’ is expected to increase significantly. Although it is still in the early stages of shipment, unlike last year when production decreased by 20% due to the cold weather, this year's crop is good and recovery is expected to be at least better than previous years. In the production area, there is concern about a decline in prices due to overproduction amid the decline in agricultural consumption due to the ‘Golden Apple’ incident. #Busy production site ahead of full-scale shipment Production of nursery breeds exceeds average Farmers worry about not getting the right ...

Source: Agrinet