Wholesale Prices of Frozen Octopus in Korea Soar Ahead of Lunar New Year, Long-Term Trend Points Downward

In the week starting January 16, 2023, wholesale prices of high-quality long-arm octopus in Seoul, South Korea rose by sharp 27% week-over-week, 87% month-over-month rates to a 19-week high of $14.73/kg, on the back of soaring demand for the Lunar New Year Holiday.