News

The price of large-sized abalone is predicted to surge before Chuseok holiday in South Korea

Fresh Abalone
South Korea
Published Jul 25, 2022

Tridge summary

It was found that shipments of large-sized abalone significantly decreased until the first half of this year. Due to this influence, it is predicted that the price of large-sized abalone production areas will surge before Chuseok (September 10). According to the Fisheries Observation Center of the Korea Maritime and Fisheries Development Institute, abalone shipments from January to June this year were 15,555 tons, 2.3% (10,808 tons) less than the same period last year. This is because shipments of large-sized abalones declined sharply due to poor growth due to poor harvest of seaweed, a food source for abalone at the end of last year. By size, the cumulative shipments until June of 8 or less and 9-11 large animals were 113 tons and 779 tons, respectively, down 80.9% and 53.4% compared to the same period last year. On the other hand, shipments of 16 to 20 and 21 or more small size were 17.1% and 31.1% higher than last year. As a result, the price of large-sized abalone grew by 30-35% compared to last year, while the small-sized abalone was only 10% higher.

Original content

It was found that shipments of large-sized abalone significantly decreased until the first half of this year. Due to this influence, it is predicted that the price of large-sized abalone production areas will surge before Chuseok (September 10). According to the Fisheries Observation Center of the Korea Maritime and Fisheries Development Institute, abalone shipments from January to June this year were 15,555 tons, 2.3% (10,808 tons) less than the same period last year. This is because shipments of large-sized abalones declined sharply due to poor growth due to poor harvest of seaweed, a food source for abalone at the end of last year. By size, the cumulative shipments until June of 8 or less and 9-11 large animals were 113 tons and 779 tons, respectively, down 80.9% and 53.4% compared to the same period last year. On the other hand, shipments of 16 to 20 and 21 or more small size were 17.1% and 31.1% higher than last year. As a result, the price of large-sized abalone production ...
Source: Fisheco
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