News

Spring potatoes are ‘weak’ due to increased shipments… The decline appears to be steeper

Published May 18, 2024

Tridge summary

The article highlights the anticipated decrease in potato prices, with concerns of a significant drop in June due to increased shipments and delayed growth in Jeonnam, a major producing area. Despite concerns, the Korea Rural Economic Institute reports that the field spring potato crop is overall good, with only some regions experiencing delays due to rainfall. This decrease in prices is attributed to a rise in imports and a decrease in consumption due to economic downturns.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Delayed due to lack of sunlight Focus on facility harvest in April Increase in market entry price ‘downtrend’ Facility cultivation area increased by 3.2% compared to the previous year Outdoor stock also begins to be released in June Concerns about price plunge due to ‘flood shipment’ While wholesale market prices are falling due to increased shipments of potatoes, including spring potatoes, the decline is expected to become even steeper this month. As shipments that had been delayed due to weather conditions became smoother, shipments of spring potatoes from facilities increased compared to the same period last year, and shipments of stored potatoes also increased. In June, when field spring potato harvesting begins in earnest, the decline may deepen and prices may plummet. There are even concerns. As spring potato harvesting at the facility, which had been delayed last March due to lack of sunlight, was concentrated in April, wholesale market prices increased due to increased ...
Source: Agrinet
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