Cabbage prices in South Korea to remain strong for the time being due to supply shortage, government: Import from China (Comprehensive 2nd report)

Published 2024년 9월 24일

Tridge summary

The South Korean government is implementing measures to stabilize vegetable prices, particularly cabbage, which have surged due to heat waves and droughts. These measures include importing fresh cabbage from China, providing shipping incentives, and offering discounts at large marts. While cabbage supply is expected to increase next month, it will still be below average due to concerns about pests and diseases. Additionally, radish and spinach prices have significantly increased, and lettuce prices are expected to rise due to flood damage. However, fruit prices like apples and pears are stable and may decrease. The government is also providing technical support to address these issues.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Sejong=Yonhap News) Reporter Shin Seon-mi = The government has decided to promote imports to stabilize the price of cabbage, which has risen sharply due to heat waves and droughts. It also decided to support incentives for distributors to encourage early shipments and continue discount support until the 2nd of next month to lower perceived prices. On the 24th, the Ministry of Agriculture, Food and Rural Affairs announced a plan to stabilize the supply and demand of horticultural agricultural products with these contents. The cultivation area of summer cabbages currently being shipped has decreased compared to a year ago, and the supply has decreased as growth has slowed due to heat waves and droughts. The wholesale price of cabbage in mid-month soared to 9,537 won per head for premium products. The retail price sold at traditional markets is around 20,000-23,000 won. The Ministry of Agriculture, Food and Rural Affairs predicted that cabbage shipments will begin in areas ...

Source: Yna