Sweet potato, continued bear market due to frozen consumption in South Korea

Published 2022년 12월 2일

Tridge summary

Sweet potato prices have decreased by 8.7% compared to the previous year, despite a predicted 10% drop in production due to slow harvesting in key areas. This is due to weak consumption, with the market price expected to continue to decline despite the winter season, when demand usually increases.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

8.7% ↓ compared to the previous year despite a decrease in production Winter Special Missing... It seems like it will be difficult to rebound Sweet potato prices are weak compared to the previous year. On November 30, at Garak Market in Seoul, a box of 10 kg products was traded at an average of 23,317 won. This is 2.9% lower than last November (24,032 won) and 8.7% lower than November (25,566 won) in an ordinary year. It is believed that sluggish consumption has had an impact on the price decline. This year, production is estimated to have decreased by about 10% compared to the previous year due to sluggish harvesting in the main producing areas such as Nonsan and Dangjin in Chungcheongnam-do, Iksan and Gimje in Jeonbuk, and Haenam and Yeongam in Jeonnam. However, due to the severe sluggish consumption, the price is weak compared to the previous year. After harvesting sweet potatoes from August to October, some of them are shipped to wholesale markets as new sweet ...
Source: Nongmin

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