Cabbage Prices Plummeted in South Korea by 42% MoM on Increase Chinese Imports

Fresh Cabbage

China

South Korea

Market & Price Trends

Published Nov 22, 2023

The wholesale price of cabbage in Seoul has sharply dropped by 42% MoM, reaching USD 0.44/kg in Nov-23 compared to the previous month's USD 0.75/kg. This price decline is attributed to a surge in Chinese cabbage imports following low domestic production. Since Oct-2022, the controversy surrounding Chinese cabbage imports has disrupted local markets, causing significant fluctuations in cabbage prices.

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