South Korea: Chinese cabbage shipments increased by 7.3% compared to the previous year and radishes will decrease by 9.1%

Published May 4, 2023

Tridge summary

The article forecasts changes in the market prices and production of major vegetables in South Korea for May, as reported by the Korea Rural Economic Institute. It anticipates a 7.3% increase in cabbage shipments due to higher outdoor spring cabbage production, despite a expected 9.1% decrease in radish shipments owing to insufficient storage. Carrot prices are expected to rise due to reduced storage from the previous year. The cultivation area for dried peppers is predicted to decrease, and green onion shipments may also decrease due to fewer production units.

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

Original content

[Reporter Kim Gwan-tae, Korea Rural Newspaper] Cabbage wholesale price decline compared to the previous year Radish is expected to be higher than normal ‘Strength’ expected due to decrease in carrot storage Cabbage shipments in May are expected to increase by 7.3% year-on-year as the production of outdoor spring cabbage increases. On the other hand, shipments of radishes are expected to decrease by 9.1% compared to the previous year, even though production of radishes in the wild is expected to increase due to low storage. The contents of the May observation monthly report of major vegetables published by the Agricultural Observation Center of the Korea Rural Economic Institute are summarized. ▲ Cabbage = In 2023, the production of outdoor spring cabbage is expected to increase to 273,000 tons compared to the previous year and the average year. The cultivation area is 3437ha, which is expected to increase by 1.5% and 20.2%, respectively, compared to the previous year and ...

Source: Agrinet