South Korea: Import offensive of fresh green onions from China, winter green onion prices dropped

Published 2023년 12월 12일

Tridge summary

The price of green onions in Garak Market has dropped 47% in one week, coinciding with a rapid increase in Chinese trade volume and tariff-free import aftereffects. The average price of green onions was at a high level compared to the previous year for about two months, but started to decrease after the significant increase in imports from China. Green onion farmers are planning a rally calling for the suspension of tariff-free imports and are concerned about the decline in market prices due to the increase in imported green onions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Reporter Ko Seong-jin, Korea Farmers and Fishermen Newspaper] Looks strong for about two months Dropped 47% in one week Coinciding with the period of rapid increase in Chinese trade volume Tariff-free import aftereffects in the second half of the year Plan for a rally calling for the suspension of farm imports The import offensive of fresh green onions from China is intensifying. While tariff-free imports continued in the second half of the year following the first half of this year, the volume of imports of fresh green onions from China has also increased rapidly in major agricultural wholesale markets such as Garak Market. With the wholesale market price plummeting recently in conjunction with the full-fledged winter green onion shipments, concerns about import aftereffects are becoming more and more real, and opposition from producing farms is becoming more visible, such as announcing the holding of a rally calling for the suspension of tariff-free imports. The average ...
Source: Agrinet

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