South Korea: Trout production prices remain strong for 5 months

Published 2022년 8월 16일

Tridge summary

For the fifth month in a row, trout production prices in South Korea have seen a consistent rise, with the average price in July reaching 12,834 won per kg, a 4.5% increase from the previous month. This surge is attributed to a decrease in shipments by aquaculture fishermen due to a shortage of medium and large fish, coupled with an increase in demand that has driven up adult fish prices. Despite this, the stocked amount of trout fry in 2022 has seen a significant 26.4% increase compared to the same period last year. Unfortunately, the recent drought and high temperatures have led to a substantial loss of fry, compensated by increased stocking activities in July.

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

Original content

It is reported that the price of trout production has been strong for the fifth consecutive month. According to the Korea Maritime and Fisheries Development Institute (KMI) Fisheries Observation Center, the average price of trout in July was 12,834 won per kg, up slightly from the previous month (12,424 won). The price of production in July was 48.9% and 52.1% higher than the normal year and the same month, respectively, and by region, it rose 2~5% from the previous month in all regions. The local price in Gangwon was 12,817 won per kg, up 2.9% from the previous month. The center analyzed that the increase in the price of trout production was because aquaculture fishermen reduced their shipments due to the small amount of medium and large fish nurtured. As of the end of July, the number of trout cultivation was 1342 tons, which was 3.4% lower than the same month last year and 6.7% lower than the average year. By region, the training volume in Gangwon was 11.0% higher than in the ...

Source: Fisheco