{"id":31483,"date":"2015-09-07T15:38:24","date_gmt":"2015-09-07T06:38:24","guid":{"rendered":"http:\/\/en.dailynk.com\/en\/?p=31483"},"modified":"2020-01-17T08:51:30","modified_gmt":"2020-01-16T23:51:30","slug":"early-corn-profitable-popular-but","status":"publish","type":"post","link":"https:\/\/www.dailynk.com\/english\/early-corn-profitable-popular-but\/","title":{"rendered":"Early corn profitable, popular but not worth risk for most vendors"},"content":{"rendered":"<p class=\"MsoNormal\"><span lang=\"EN-CA\"><b><i>This is \u201cNK Market Trends,\u201d bringing you<br \/>\nnews about the North Korean economy every week, and today, we are accompanied<br \/>\nby reporter Kang Mi Jin. But let\u2019s first take a look at how the state of the market<br \/>\nover the past week.*<\/i><\/b><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\"><b><i>A kg of rice cost 5800 KPW in Pyongyang, 5850<br \/>\nKPW in Sinuiju, and 6160 KPW in Hyesan. The exchange rate was 8280 KPW to the<br \/>\ndollar at Pyongyang, 8250 KPW at Sinuiju, and 8360 KPW at Hyesan. A kg of corn<br \/>\nkernels cost 2200 KPW at Pyongyang, 2250 KPW at Sinuiju, and 2300 KPW at<br \/>\nHyesan. A kg of pork cost 15000 KPW at Pyongyang and Sinuiju, and 15500 KPW at<br \/>\nHyesan. A kg of gasoline cost 10000 KPW in Pyongyang and Sinuiju, and 9500 KPW<br \/>\nat Hyesan. A kg of diesel cost 5900 KPW at Pyongyang, 6000 KPW at Sinuiju, and<br \/>\n6200 KPW at Hyesan. This has been Weekly Marketplace Prices.<\/i><\/b><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\"><b><i>1. Today\u2019s topic is early corn on the cob&#8212;that<br \/>\nis, corn that has been harvested early in the harvest season. It\u2019s reported to<br \/>\nbe very popular in the markets at this time of the year and Reporter Kang is<br \/>\nhere to tell us more about it. <\/i><\/b><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">Yes, early corn is a very popular item in<br \/>\nmost markets in North Korea because it is widely enjoyed both by the young and the<br \/>\nelderly. Add to this the fact that the early corn is one of the crops newly<br \/>\nharvested after the long summer. Thinking of early corn just now is making me<br \/>\nhungry for it. I always used to plant corn in my vegetable garden in the North. In the<br \/>\nNorth Korean countryside, people gather together in the evenings to share food and<br \/>\nstories. They talk about their children, and women in particular complain about<br \/>\nthe meagerness of their husband\u2019s earnings, as well as other funny and sad<br \/>\nstories. It makes me glad to think that the early corn will help to relieve<br \/>\nsome of the hardships of the long summer. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\"><b><i>2. I\u2019ve heard that most residents do not<br \/>\nharvest the corn as soon as possible, but leave it on the stalk to ripen fully.<br \/>\nWhere then does early corn that\u2019s on the market come from?<\/i><\/b><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">An ear of early corn costs&nbsp;<\/span>approximately 500 KPW at this time of the year, and there is a price differential of 50 and<br \/>\n100 KPW depending on the region. &nbsp;Some residents<br \/>\nwho need money and don\u2019t have food for the early autumn will sell the early<br \/>\ncorn instead of waiting for it to ripen fully. Selling early corn could be more<br \/>\nprofitable than selling the ripe corn. About 7 ears of ripe corn weighs 1 kg, which<br \/>\ncosts 2200 to 2300 KPW. However, for the same price can be had by selling 5<br \/>\nears of new corn. 7 ears of early corn can be sold for 3500 KPW, so that it<br \/>\nmight be more profitable to sell the corn right now than to leave it to ripen<br \/>\nand sell later.<\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\"><b><i>3. Selling early corn might indeed be more<br \/>\nprofitable than selling the ripe corn. Do most residents do this?<\/i><\/b><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">Most residents do not sell early corn;<br \/>\ninstead, they will leave it on the stalk to ripe and harvest it in late fall.<br \/>\nAlthough you can buy ripe corn with the money from selling the early corn, once<br \/>\nthe money is in your hands, there are many ways to spend it, so that the money<br \/>\nmight all have been spent before the season for the ripe corn comes. Moreover,<br \/>\nripe corn is stored as provision for the rest of the year, so that people are<br \/>\nreluctant to harvest it early. When I lived in North Korea, only a few residents sold<br \/>\nearly corn; everyone else harvested it after it was fully ripened.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\"><b><i>4. In South Korea, the season for the early corn has<br \/>\nbeen over for some time but it\u2019s still going in NK?<\/i><\/b> &nbsp;<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">Yes, right now is the season for early corn<br \/>\nin North Korea, which runs from mid-August to early-mid September. Early corn has a<br \/>\ndifferent quality than the corn that is made into year-long provisions. The<br \/>\nbreed for the early corn is called the early breed, and there are several kinds<br \/>\nof this breed. I don\u2019t know the specific names for these kinds, but there is a<br \/>\nspotted kind as well as a white (waxy) kind. An inside source tells us that an<br \/>\near of corn at the very beginning of the season was being sold for 800 KPW.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">But as the number of residents selling<br \/>\nearly corn increases, the price naturally decreases and stabilizes at the present<br \/>\nprice of 500 KPW. The price of corn will not sink below the present price as the<br \/>\nearly corn season will soon end. 500 KPW is not a trifle, so that most<br \/>\nresidents won\u2019t be able to buy corn whenever they want. On the other hand, the<br \/>\nprice is not that expensive, so that both children and adults can buy it occasionally<br \/>\nwithout it being a burdensome expenditure. I hope that the early corn will<br \/>\nbring them joy even for a moment.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\"><b><i>5. Since the corn is a seasonal item, what<br \/>\nabout the merchants selling the corn?<\/i><\/b><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">Those who sell corn in the markets include<br \/>\nthe merchants who sell in the market all year long. Then there are also the<br \/>\nlocust or grasshopper merchants who don\u2019t have a permit to sell in the market,<br \/>\nso that they do business while evading the security. They buy the early corn<br \/>\nfrom the farmers and sell it themselves. Sometimes, the farmers will themselves<br \/>\nsell it. Corn can be eaten as a snack or a meal, making it a very convenient food<br \/>\nitem.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">I<br \/>\nhad a friend who had no experience as a merchant and was in sudden need of<br \/>\nmoney. He harvested the early corn in his vegetable garden and took it to the<br \/>\nmarket to sell it. My friend had not finished selling long after the merchants<br \/>\nhad finished selling and was very desperate to sell his stock, even at a<br \/>\ndiscounted price. Suddenly, a buyer came and bought all of the remaining stock<br \/>\nat the original price, at which my friend was extremely grateful. While telling<br \/>\nthis to me, he told me that nowhere is there a law which decrees that failure<br \/>\nis inevitable. This really described his situation perfectly. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\"><b><i>6. Is early corn available in most markets<br \/>\nthroughout North Korea?<\/i><\/b><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">Yes. At this time of the year, early corn<br \/>\nis available in South Hwanghae Province, South Pyongan Province, South Hamgyong<br \/>\nProvince, and Yanggang Province. It is first available in South Hwanghae, and<br \/>\ngradually becomes available in the northern provinces including Yanggang<br \/>\nProvince. When I lived in NK, I went to South Pyongan Province around the<br \/>\nsecond week of August and early corn was already available there. So I bought<br \/>\nseveral bags of it and sold it in Yanggang Province and made an unexpectedly<br \/>\nlarge profit as I was able to buy it at a discounted province from a relative.<br \/>\nAlthough it didn\u2019t taste as good by the time that I sold it in Yanggang<br \/>\nProvince, since it wasn\u2019t going to be on the market until much later in the year,<br \/>\nI had no shortage of buyers.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">I also think that another reason that it<br \/>\nsold well was because early corn is not planted very much. It is difficult to<br \/>\nharvest compared to regular corn, which makes people reluctant to plant it.<br \/>\nAlso, as I mentioned before, corn can be eaten as a snack or a meal, and is<br \/>\ntherefore a popular food item.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\"><b><i>7. Some residents have stated that North Korea\u2019s<br \/>\nrecent declaration of semi state of war has harmed the corn harvest. Can you<br \/>\nelaborate on this?<\/i><\/b><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">Yes. According to information received from<br \/>\nour sources on August 25, the evacuation drills, practiced after the<br \/>\ndeclaration of war caused a lot of grief to farmers in border areas like North and South Hwanghae Provinces. The drill participants would sneak into the farmers\u2019 fields<br \/>\nat night and eat some of the crop. Farmers\u2019 lives are regularly disrupted by<br \/>\nthe frequent declarations of war and the accompanying drills, and now their<br \/>\nlivelihoods have been harmed as well. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\"><b><i>8. Even an ear of corn must be valuable to<br \/>\nthe farmers, yet are there no compensation for those who\u2019ve suffered loss due<br \/>\nto the drills?<\/i><\/b><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">Yes. For the residents to get governmental compensation<br \/>\nfor their loss would be something out of a dream. Instead, those who voice<br \/>\ntheir displeasure against the fact that their crops were harmed in the course<br \/>\nof the drills are criticized by the Party officials. The officials say that a<br \/>\nmatter of a few ears of corn is a trifle compared to the national crisis of a semi<br \/>\nstate of war, and that the complainants are merely being stingy. In North Korea,<br \/>\nevacuation drills are an annual event in September, so that thieves will target<br \/>\nthe homes that are left vacant during this time. The government doesn\u2019t<br \/>\ncompensate the losses of home valuables incurred during the drills. Hence, to suggest<br \/>\nto North Korea residents that the government compensate the loss of their crops is<br \/>\nlaughable. <\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\"><b><i>9. I\u2019ve heard many refugees in South Korea say that<br \/>\nthey reminiscence over the food that they ate in the North as they settle in the South. Does<br \/>\ncorn from North Korea taste different from their counterparts in South Korea?<\/i><\/b><\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">Yes, many refugees agree that the food at South Korean restaurants specializing in North Korean cuisine just doesn\u2019t taste like it did at home.<br \/>\nI also was disappointed with North and South Hamheung-style noodles sold in South Korea. An older<br \/>\nwoman also asked me the same question that you just asked. I couldn\u2019t give her a<br \/>\ndefinite answer, but I told her that in North Korea, noodles were a delicacy and<br \/>\ntherefore eaten occasionally. It must have tasted all the more better because<br \/>\nit was eaten so seldom. Most crops in North Korea are grown without any<br \/>\nfertilizer, giving them fresher, unaltered taste.<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-CA\">Moreover, seasoning is rarely used in North Korea, letting the clean, natural flavors of the produce stand on their own. I\u2019ve heard that flavoring<br \/>\nis added even to corn in SK when being cooked. I think that the corn cooked in<br \/>\nNorth Korea was more delicious, even if it didn\u2019t have any flavoring, for the same<br \/>\nreason. I wish that the North Korean residents who have been mobilized for farm work and<br \/>\nconstruction will stay safe and live to the hope that reunification will soon become<br \/>\nreality even if it seems like a dream in the midst of their <a name=\"_GoBack\"><\/a>difficult<br \/>\nlives.&nbsp;<\/span><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-US\">*This segment reflects conditions for the<br \/>\nweek of August 31-September 4.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is \u201cNK Market Trends,\u201d bringing you news about the North Korean economy every week, and today, we are accompanied by reporter Kang Mi Jin. But let\u2019s first take a look at how the state of the market over the past week.* A kg of rice cost 5800 KPW in Pyongyang, 5850 KPW in Sinuiju, [&hellip;]<\/p>\n","protected":false},"author":122,"featured_media":31485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wikipediapreview_detectlinks":true,"footnotes":""},"categories":[67],"tags":[],"class_list":["post-31483","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Early corn profitable, popular but not worth risk for most vendors - North Korea News \u2014 Daily NK | Latest DPRK Updates 2026<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dailynk.com\/english\/early-corn-profitable-popular-but\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Early corn profitable, popular but not worth risk for most vendors\" \/>\n<meta property=\"og:description\" content=\"This is \u201cNK Market Trends,\u201d bringing you news about the North Korean economy every week, and today, we are accompanied by reporter Kang Mi Jin. 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