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[Planning] Changes in Apple and Pear Production and Outlook for the Chuseok Market

Published Jul 17, 2020

Tridge summary

South Korea is experiencing a decrease in apple cultivation areas and production, with a projected 4.1% drop and an 8% decrease in output, respectively. This is expected to result in a similar wholesale price to the previous year. The quality of Chuseok apples and pears is expected to be lower due to flower drop and hypertrophy, with around 30% expected to be genuine or special. Farmers are being advised to harvest overripe fruits for a slightly higher price. The wholesale price of 5kg of apples for Chuseok is predicted to increase slightly from 20,000 to 25,000 won from the previous year, but a significant increase may lead consumers to choose alternative fruits. The price of pears is anticipated to be similar to or slightly higher than the previous year, ranging from 30,000 to 35,000 won, which could improve farmgate prices if delayed as much as possible.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Agriculture and Livestock Newspaper = Reporter Park Hyun-ryul] Apple cultivation area is expected to decrease 4.1% from 3,2954ha last year to 3,1601ha this year, and output is expected to be 491,000 tons, 8% less than last year. It is expected to be similar to the average, so it is difficult for the overall wholesale price to rise significantly. This year, the cultivation area of this year will be 9091ha, which is less than 9615ha last year, and the output will decrease by 22%, to around 156,000 tons, but it is expected to be weak, except for some products, as consumers who take turns are continuously decreasing. Garak market distributors say that the number of commodities, both apples and pears, is low in Chuseok, and that most of them are below mid-range due to the fall of flowers during the cold season. Accordingly, it is expected that apples and pears, which are inferior in quality, should be sold as fruits that are uglier than the large retailers and wholesale markets to ...
Source: Kawa
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