South Korea: From good market price of early shipment, spring leek prices continue to decline

Published 2021년 4월 26일

Tridge summary

The article provides an overview of the spring green onion market in South Korea, highlighting that the cultivation area remains similar to the previous year, and the crop is expected to be average. The shipping season has started earlier due to high prices, and there are concerns about a potential flood of spring onions in June. The current price of spring onions is high due to sluggish crop conditions and decreased winter leek cultivation area, with imports of fresh leek also contributing to the price drop. Analysts forecast that prices will decline further due to increased spring onion shipments and sluggish consumption, with potential further drops after June from flood shipments in regions such as Gyeonggi, Chungcheong, Gangwon, and Yeongnam.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Manufacturing magnifying glass] Spring green onion The cultivation area is similar to last year, and the crop is just as good as the average crop. A month ago, the product fell from 5,000 won to 3,000 won on the 23rd. Possibility of “flooding” from June It is believed that spring onions have a similar cultivation area to that of the previous year, and the crops are at the level of ordinary crops. The shipping season is expected to be closer to fifteen days ahead of the previous year due to the aftermath of the high wave price. It is observed that if spring onion shipments increase and consumption continues to be sluggish, the price of spring onions is highly likely to continue to decline. ◆Spring green onion cultivation area the same as the previous year Strong leek prices lead to early shipments = Officials in the Gyeonggi-Chungcheong region, which account for more than 70% of spring leek shipments, agreed that this year's cultivation area was similar to that of the ...
Source: Nongmin

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