This year, the sales volume of rockfish will decrease, and the price will likely be low in South Korea

Published 2023년 5월 22일

Tridge summary

The sales volume and price of rockfish fry are expected to decrease in 2023, according to the Fisheries Observation Center of the Korea Maritime Institute. This is due to high prices and demand for adult fish last year, and a decrease in production. However, shipments of rockfish are expected to increase in May. The production area price and wholesale price of rockfish are showing a downward trend, but demand is expected to equal supply in May and June, so wholesale prices are predicted to remain flat or slightly increase in June.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2023, it is expected that the sales volume of rockfish fry will decrease compared to last year, and the selling price will also decrease. According to the analysis of the Fisheries Observation Center of the Korea Maritime Institute (KMI), the price of adult fish was high last year and demand was high. . In fact, as a result of KMI's survey of rockfish farmers' intention to stock fry in 2023 from April 21 to 26, it was found that there were more opinions of 'reducing' stocking than 'will increase' due to slowing consumption and falling prices. . However, some fishermen have not been able to determine the stocking level of fry. As of April, the production of rockfish was 244.62 million, down 5.0% from the same month last year (257.42 million). As of this year, there are 43 producers of rockfish in Korea (30 in Chungnam, 11 in Jeonnam, and 2 in Jeonbuk and Gyeongnam). Rockfish farmers are increasing shipments to prepare for stocking of young fish, which will begin in earnest from ...
Source: Fisheco

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.