Slight increase in the production of seaweed in 2022 in South Korea, and higher local prices

Published Jun 20, 2022

Tridge summary

In 2022, the production of laver in Korea slightly increased by 1.6% compared to the previous year, reaching 151.72 million. Despite this, the price of laver rose due to a decrease in seaweed supply caused by yellowing, which kept the top plate price the same as the previous year. The average price per kg of seaweed was 884 won, a 13.2% increase from the previous year. The production in Jeollanam-do, the main production area, saw a slight increase of 3%, but production was not smooth due to mud disease and yellowing. The production of laver in 2023 is expected to increase slightly due to an increase in laver facilities and maintained domestic demand for exports.

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

Original content

Although the production of laver produced in 2022 slightly increased compared to last year, it is counted that the price of laver has risen. This is because the price of laver was formed high as the supply of seaweed decreased due to the occurrence of yellowing in the beginning of the year, and after that, it showed a recovery trend, but the top plate price was maintained at the same level as last year. According to the Fisheries Observation Center of the Korea Maritime and Fisheries Development Institute, the production of seaweed in 2022 (October 2021 to May 2022) was 151.72 million, 1.6% higher than that of 149.33 million in 2021. This is due to the fact that the amount of laver produced in 2022 increased slightly and was relatively better than that of the previous year, when the crop was sluggish. However, the 2022 production was also sluggish in the early stage of the fish and production was not smooth due to yellowing and whitening that occurred in some areas, including ...

Source: Fisheco