The Ag Digest logo

Menu

🚜 FarmingKorea Agricultural Policy Newspaper (한국농정신문)

Weak dried chili prices… “Difficult to avoid deficits” due to soaring production costs

Korea Agricultural Policy Newspaper
Weak dried chili prices… “Difficult to avoid deficits” due to soaring production costs
Actions
View original source
View mode
[Korea Agricultural News Reporter Han Ui-jin] Prices for this year's dried chili peppers, which began full-scale shipments last August, continue to fall compared to the previous year. The cause is attributed to the fact that while the shipment volume has increased compared to the previous year, the influx of relatively lower-quality peppers due to growth damage has also grown. Farmers say that production costs, such as the price of kerosene for producing dried chili peppers this year, have skyrocketed, making it difficult to look forward to next year's farming at current market prices. Last month, the average price of open-field, hand-dried chili peppers was auctioned at the Seoan-dong Agricultural Cooperative's produce market at 9,429 won per geun (600g), a 7.8% decrease compared to the same period last year.

Translating the full article

The English version will appear right here as soon as it’s ready. There’s no need to reload.

View at source

See an issue with this article, translation, source, or data?

Submit a correction
Related news
Market signal

Median wholesale auction price per kg

Source: aT public wholesale market auctions (data.go.kr). Prices per kg converted from package prices.