South Korea: May-June Abalone shipments are expected to increase and production prices to decline

Published 2021년 5월 17일

Tridge summary

In May and June, abalone shipments are expected to increase by 6% and 5% respectively, leading to a decline in production prices. The current production price of 10 abalone is predicted to drop to 32,000 to 34,000 won in May and further to 31,000~33,000 won in June. However, abalone exports in May are projected to decrease from the previous month due to the ongoing impact of the coronavirus and a decline in demand after Japan's Golden Week. While exports are expected to increase in June, demand from Japan is predicted to recover, and demand from Vietnam and Taiwan is expected to remain strong.

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

Original content

Analysis has shown that production prices will decline as abalone shipments increase in May and June. According to the Fisheries Observation Center of the Korea Institute of Oceans and Fisheries, the demand for abalone is expected to increase in May, the month of family, and shipments are expected to be about 2,000 tons, 6% more than the previous month (1882 tons). Also, in June, shipments are expected to increase by 5% from the previous month, as the tendency to ship before the summer season is expected to be large, mainly in Wando, Jeollanam-do. The center predicted that production prices would decline as the supply of abalone increased. In May, the demand for abalone is expected to increase due to the influence of family events, but the increase in the supply of abalone from the producing area is expected to be greater. Accordingly, the production price of abalone, the size of 10 per kg, is expected to be 32,000 to 34,000 won, down from the previous month (34,100 won). As the ...

Source: Fisheco