South Korea: The cost of making kimchi in early November is lower than last year

Published 2023년 11월 9일

Tridge summary

According to a survey by Korea Agro-Fisheries and Food Trade Corporation, the cost of kimchi, based on 20 heads of cabbage, has decreased by 9.4% compared to last year. The government is making efforts to expand the supply of kimchi ingredients and supporting lower prices for cabbage, green onions, and ginger. The retail prices of radishes, peeled garlic, onions, salted shrimp, and anchovy fish sauce have also decreased compared to last year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As a result of aT (Korea Agro-Fisheries and Food Trade Corporation) surveying the cost of kimchi based on 20 heads of cabbage ahead of the full-scale kimchi season, it was found to be 218,425 won as of the 6th, a 9.4% decrease compared to early November last year (241,119 won). This survey was conducted on the 6th at 16 traditional markets and 34 large distribution companies across the country for 14 major kimchi ingredients, and the results were compared with the monthly average prices in early November and November last year. The government is making all-out efforts to expand the supply of kimchi ingredients by utilizing stockpiles, while supporting lower supply prices for cabbage, green onions, and ginger at large supermarkets, and providing discount support for agricultural and marine products to the amount of KRW 24.5 billion, nearly double that of last year. I'm leaning. Looking at each item, the retail price of radishes fell 45.1% compared to last year, and the accessory ...
Source: Nongmin

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.