Spinach production in South Korea is plummeting due to heatwave, but value continues to strengthen

Expect to stabilize if supply increases in early September Spinach prices continue to rise. At the Garak Market in Seoul on the 20th, a box of 4 kg of spinach was traded for 45,873 won. Compared to the high of 60,000 won in mid-August, the upward trend has slowed, but it is still 34% higher than the average of 34,111 won in August of the previous year. Even compared to the average of August (42,490 won) in August, it is showing a bullish trend, which is 8% higher. The general view of experts is that the current strong trend is due to the sharp decline in spinach production in the main extraction regions such as Icheon, Goyang, Pocheon, and Guri in Gyeonggi Province due to the heat wave. Kim Jae-min, an auction company from Korea Agency, said, "Spinach is weak to the heat, so it is understood that the damage from the heat wave was considerable, such as not germinating after sowing or drying out in the field. ” explained. However, it is analyzed that the price has not ...