South Korea's mushroom prices rise in March

Published 2022년 3월 9일

Tridge summary

Mushroom prices in South Korea are expected to remain high due to a decrease in shipments, a shortage of manpower caused by COVID-19, increased raw material prices, and rising logistics costs. The price of oyster mushrooms is predicted to rise even further, with the wholesale price expected to be slightly higher than last year. The high costs of sea freight and fuel for imports are also likely to affect mushroom prices.

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

Original content

Mushroom prices are expected to remain strong. This is because the aftermath of a decrease in the number of prizes is continuing due to the shortage of manpower due to the 'coronavirus infection (COVID-19)' and the increase in raw material prices and logistics costs. In particular, it is predicted that the price of oyster mushroom will rise. According to the Korea Rural Economic Research Institute, an average of 29,496 won for 2 kg of oyster mushrooms at Garak Market in Seoul in March was observed. This is significantly higher than the average price of 23,679 won in February and the average price of 23,649 won from December last year to January this year. This is because shipments are expected to decrease by 5.3% compared to the previous year in the Chungcheong region, which accounts for 90% of the production of mushrooms. According to the Korea Agricultural Association, the total shipment volume in March is expected to decrease by 5.7% compared to the previous year. ...

Source: Nongmin