South Korea: Cabbage prices in October are 38% higher than a year ago, and apples are cheaper

Published 2024년 10월 3일

Tridge summary

The Korea Rural Economic Institute and the Rural Development Administration have predicted the prices for certain vegetables and fruits in October. They anticipate that cabbage prices will significantly increase by 38.4% from last year, peaking at 15,000 won per 10 kg. This price surge is expected to be transient, with prices decreasing after the shipment of autumn cabbage. Radish and carrot prices are also expected to stay high. In contrast, apple and pear prices are projected to drop, with apples expected to decrease by 28.7-34.2% to 48,000-52,000 won per 10 kg, and pears by 25% to around 40,000 won per 15 kg.

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Original content

"Cabbage prices in October 38% higher than a year ago, apples cheaper" In October, vegetable prices such as cabbage and radish are expected to be higher than a year ago, but fruit prices such as apples and pears are expected to fall. The Korea Rural Economic Institute forecasted that the wholesale price of cabbage this month will rise 38.4% from a year ago to 15,000 won per 10 kg. However, it forecasted that prices will gradually fall after autumn cabbage is shipped from the middle of this month. The Rural Development Administration also forecasted that radish and carrot prices will remain high. On the other hand, apples are expected to fall 28.7-34.2% to 48,000-52,000 ...

Source: Yonhapnewstv