[Production magnifying glass] Economic recession, hot weather, and ‘Haji Potato’ prices are depressed due to unfavorable consumption factors

Published Jun 12, 2024

Tridge summary

The article highlights the decrease in the price of open field spring potatoes in South Korea, with a significant drop compared to the previous year at Garak Market in Seoul. Despite satisfactory crop conditions in most regions, except for Jeollanam-do, the market is experiencing low demand due to hot and humid weather, economic downturn, and overlapping shipments from strong performing central regions. The size preference in the market has also shifted, leading to a surplus of larger potatoes and a lower market price. As a result, farmers are experiencing lower yields and facing challenges in selling their produce.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of open field spring potatoes, which began shipping at the end of May, is weaker than last year. Except for Jeollanam-do, crop conditions are believed to be good, but prices are not recovering due to extremely low consumption. ◆Jeonnam “Eggs are small due to rainfall in February and March”… Korea Agricultural Research Institute “June shipments likely to increase by 9.9%” = Noji spring potatoes originate from Jeju, Haenam, Jangheung, and Boseong in Jeollanam-do, and move north to Gimhae and Miryang in Gyeongsangnam-do and Goryeong and Seongju in Gyeongsangbuk-do. Boseong, which is considered a representative production area, began shipping at the end of May. Hwang Dong-su, who grows potatoes on an area of 462,810㎡ (140,000 pyeong) in Deukryang-myeon, Boseong-gun, said, “It rained a lot in February and March, so the potatoes were not big enough,” and “Usually, I harvest 12 to 13 kg per 3.3㎡ (1 pyeong). “But this year, it was only 8 to 9 kg.” According to the National ...
Source: Nongmin

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