Korea’s Abundant Fruit Supply Pushing Out This Year’s Higher Priced US Cherry

US cherries are low in supply this season, which has been reflected in the US’s cherry export markets like South Korea. With a massive domestic fruit harvest, both South Korea retailers and end consumers have chosen to purchase and consume South Korea-origin fruits, which are markedly less expensive compared to cherries. To note, retailers got their hands on US cherries for KRW 50,000-60,000 (USD 38.32 - 45.98) per box last year, compared to the current rate of KRW 100,000 (USD 76.65) per box.