South Korea: Shipments of early ripe Noji mandarin likely to decrease significantly this year but bullish market outlook

Published Nov 17, 2021

Tridge summary

This article reports on the expected decrease in early tangerine production in Jeju due to frequent rainfall and sugar content issues, with an estimated 3-5% decrease from the previous year. Despite this, the market price is expected to be higher than average, leading to active overseas exports. The price is currently 500 to 1,000 won higher than the average price per tube, with consumption expected to be active due to the rising sugar content of the tangerines.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Manufacturing area magnifying glass] Maximizes and increases due to frequent rainfall The price is higher than the previous year and the average year, so overseas exports are expected to be active This year's early tangerine shipments are expected to decrease by 20% compared to the previous year due to a slight decrease in production compared to last year and a high proportion of non-products. The prevailing expectation is that the value will be stronger than the previous year. ◆Frequent rain promotes hypertrophy… Product and 20% decrease = Many forecasts that this year's production of open-air tangerines will decrease by 3-5% compared to last year due to a decrease in yields due to the sea distance in Jeju. The Jeju Provincial Citrus Observation and Research Committee and the Jeju Agricultural Research Institute predicted that this year's production of open-field tangerines (extremely early + early) will be around 497,000 tons, which is 18,000 tons (3.5%) less than last ...
Source: Nongmin

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