Chestnut and jujube shipments expected to decrease from the average year. Price increase is 'limited'
Chestnut Kernel
Dried Jujube
South Korea
Published Sep 22, 2020
Tridge summary
◆ Jujube = The main production areas except Gyeongsan, Gyeongsangbuk-do have a poor harvest due to the aftermath of the rainy season and typhoon. There are a lot of fallen fruits and a lot of rain, so the rate of heat generation is high. The general view is that the production of fresh jujube will decrease by 20 to 30% compared to normal. However, shipments of dried jujube made last year are expected to be higher than that of fresh jujube this Chuseok, and it is known that last year's dried jujube has sufficient inventory. Kwak Deok-il, president of the Chungbuk Boeun Nonghyup, predicted that “the quantity of raw jujube has decreased a lot, but since last year's dried jujube stocks are large, consumer sales prices will not increase significantly during the Chuseok period.” According to the Forestry Product Distribution Information System of the Korea Forestry Cooperative Federation, the average selling price of dried jujube per kilogram on the 17th was 1,7997 won. This is an increase of 11% compared to the same period last year (two weeks before Chuseok) and 4% compared to normal. Kim Joo-heung, assistant manager of the Korea Forestry Cooperative Federation, analyzed that "just before Chuseok, shipments will increase a little more than the present day, and prices are likely to be lowered from the current level."
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