South Korea: This year's peach harvest is good, production increased by 7% compared to the previous year

Published 2022년 7월 12일

Tridge summary

South Korea's Ministry of Agriculture, Food and Rural Affairs has announced a slight decrease in the expected peach prices for this year, due to a 4% increase in the peach cultivation area and favorable weather conditions that have led to a 3% increase in production units. Despite the smaller fruit sizes this year due to good growth, the quality of the peaches is expected to be high. The Korea Rural Economic Research Institute predicts the price of peaches to range from 16,000 to 20,000 won, a decrease from last year's 22,000 won. The Ministry plans to monitor the supply and demand closely to manage it effectively.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of peaches this year is expected to decrease slightly compared to the previous year as production increases due to good growth and crop conditions. The Ministry of Agriculture, Food and Rural Affairs announced that the cultivation area of peaches, a representative summer fruit, increased by 4% from last year, and the number of production units increased by 3% compared to last year due to favorable weather conditions. In particular, this year, due to favorable spring weather conditions, damage to low temperatures during flowering was minimal, disease occurrence was small, and there was hardly any bacterial hole disease that had a major impact on quality deterioration and production decrease. However, the Ministry of Agriculture, Food and Rural Affairs predicted that the peaches produced this year have good quality such as sugar content and color, but there is no damage to low temperatures in spring, so the number of fruits per tree increases, resulting in smaller fruit ...
Source: Aflnews

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