Jeju Tangerines are the most expensive ever… 5kg wholesale price exceeds 13,000 won

Published Dec 2, 2024

Tridge summary

The price of Jeju tangerines has reached a record high this year, with the average wholesale price per 5kg increasing by over 5% compared to the same period last year. The current wholesale price is 13,100 won, surpassing the previous high set in 1997. Despite the high sugar content and good quality of this year's tangerines, production has decreased by 4.1% from the previous year due to damage from a heat wave. This, along with poor harvests of other fruits, has contributed to the increased price. Despite efforts to maintain prices and distribute high-quality tangerines, wholesale prices are expected to rise further in December. Total tangerine sales last year reached a record 1.3248 trillion won, marking three consecutive years of record sales.

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

Original content

(Jeju=Yonhap News) Reporter Ko Seong-sik = This year, the price of Jeju tangerines is at an all-time high. According to Jeju Island on the 2nd, the average price (wholesale price) per 5kg of Jeju field tangerines from November 24th to 30th was 12,400 won, which is more than 5% higher than the 11,800 won range during the same period last year. As of the 2nd of this month, the wholesale price of 5kg field tangerines has risen to 13,100 won. The recent tangerine price has surpassed the record set last year, which was the highest since the tangerine price survey in 1997. This year's tangerines have high sugar content and good quality, but the production volume was 408,300 tons, down 4.1% from the previous year (426,000 tons). In particular, as the heat wave this summer caused the tangerine peels to split and damage, the harvest of commercial tangerines is expected to decrease further, so they are receiving special treatment in the wholesale market. It is estimated that poor harvests ...

Source: Yna