South Korea: Concerns about falling leek prices due to excess shipments

KREI, Trends and Prospects of Cultivation (Intention) for Highlands and Winter Green onions It was found that the formal (intentional) area of the highland green onions has increased significantly. This is due to the rapid increase in the area of cultivation (intention) of winter leeks as the expectations of farmers who experienced strong green onion prices during the previous crop period played a great role. According to the “Trends and Prospects of Cultivation (Intention) for Highlands and Winter Green onions,” recently announced by the Agricultural Observation Headquarters, the area for cultivation (intention) of high altitude green onions increased by 11.7% from the previous year to 1,121 ha. This is an increase of 32.4% compared to the normal year (847ha), and by region, Gangneung 14.9%, Cheorwon 15.0%, Pyeongchang 9.9%, and Hongcheon 13.3%. As of May 6th, most of the formalities of the high-altitude green onions were found to have been completed. As of the end of April, more ...