Aardappelketen

Potato prices continue to rise. At the Garak Market in Seoul on the 4th, a box of 20 kg of potatoes was sold at KRW 75,367 (about USD 58.48). Compared to the average value (48,105 won) from 2019 to 2021, it rose by 57%.

Advanced crop technology company E Green Global Co. Ltd. (EGG) announced that it has raised additional equity funding from ADB Ventures, the venture capital arm of the Asian Development Bank (ADB).

Dutch potato processing companies are increasing their market share in the South Korean Frozen French Fry market.

Potatoes USA reports that the South Korean government has reopened its market for table-stock potatoes from the Pacific Northwest states of Idaho, Oregon, and Washington.

South Korea could help provide Australian potato growers with some relief from domestic cost pressures via a potentially lucrative growth market for exports.

Lotte Mart, with 93 stores nationwide (the 3rd largest retail group in Korea), started to sell US fresh table-stock potatoes in all stores on April 20, announcing the new product in their in-house paper and in their newspaper ads.