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Slight increase in local prices due to poor production of fresh laver in South Korea

Published Nov 16, 2021

Tridge summary

The first batch of mulberry produced in 2022 started earlier than last year, but it is counted that the product price has risen somewhat due to the sluggish crop and reduced supply. According to the Fisheries Observation Center of the Korea Maritime and Fisheries Development Institute, the first plate of seaweed from 2022 began on October 6 in Jindo, Jeollanam-do, which was seven days earlier than last year. In the Shinan area, the top plate started on October 10, five days earlier than last year. However, only in the Haenam region, it starts on October 25, about 9 days later. This year, due to poor production of its body rock laver, production decreased, and the number of top plates decreased significantly compared to last year. Due to this influence, the local price showed a weaker than last year until early and mid-October, but the price has risen since mid-October due to the low production of It-Body Stone laver. The price of seaweed in Haenam was 368,100 won to 432,000 won per bag (based on 120 kg), 1.5 to 2 times higher than the same period last year.

Original content

The first batch of mulberry produced in 2022 started earlier than last year, but it is counted that the production price has risen somewhat due to the sluggish crop and reduced supply. According to the Fisheries Observation Center of the Korea Maritime and Fisheries Development Institute, the first plate of seaweed from 2022 began on October 6 in Jindo, Jeollanam-do, which was seven days earlier than last year. In the Shinan area, the top plate started on October 10, five days earlier than last year. However, only in the Haenam region, it started on October 25, about 9 days later. This year, due to poor production of it body rock laver, production decreased, and the number of top plates decreased significantly compared to last year. Due to this influence, the local price showed a weaker than last year until early and mid-October, but the price has risen since mid-October due to the low production of It-Body Stone laver. The price of seaweed in Haenam was 368,100 won to 432,000 won ...
Source: Fisheco
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