South Korea: Potatoes are expensive even in April, 27-36% higher than normal
Fresh Common Potato
Vegetables
South Korea
Published Mar 26, 2023
Tridge summary
There is a forecast that potato prices will be strong in April as well. According to the Korea Rural Economic Institute on the 26th, the wholesale price of potatoes (sumi, product) next month was predicted to be 70,000 to 75,000 won for 20 kg. This is 4-12% more expensive than April of last year (66,999 won) and 27-36% more expensive than the average price (55,250 won).
Original content
(Seoul = Yonhap News) Correspondent Shin Seon-mi = The average price is the average value of the three years excluding the highest and lowest prices among the five years from 2018 to 2022. The researcher predicted that shipments would decrease due to a shortage of stored potatoes, and potato wholesale prices would rise. However, it is expected that the increase will not be large as spring potato production at the facility will increase next month. In the case of this month, the wholesale price of potatoes was 71,199 won per 20 kg, up 27% from a year ago and 34% from the previous year. In addition to the lack of stored potatoes, the price of some potatoes shipped this month was poor due to the low temperature during the potato growing season, causing prices to rise. In the spring of last year, potato prices were also strong due to high temperatures and drought. In addition, as potato production has decreased in the ...
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