South Korea: Catch decreases sharply due to rising water temperature in the West Sea, refrigerated cutlassfish prices soar

Published 2024년 4월 21일

Tridge summary

In South Korea, the price of refrigerated cutlassfish has seen a significant increase, attributed to a sharp decline in catch due to rising water temperatures in the West Sea. The Korea Agro-Fisheries and Food Trade Corporation reports that the average price for a large domestic refrigerated cutlassfish has risen by over 5,000 won since last January, marking a 32% increase in the third week of this month. This price hike is linked to a more than 70% decrease in the catch compared to the previous year. In contrast, the prices for frozen cutlassfish have seen a relatively minor increase of 8%, indicating a specific impact on refrigerated cutlassfish due to environmental changes.

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

Original content

Catch decreases sharply due to rising water temperature in the West Sea... Refrigerated cutlassfish prices soar As the catch in Jeju has plummeted, the price of refrigerated cutlassfish has been skyrocketing recently. According to the Korea Agro-Fisheries and Food Trade Corporation, the average price of one domestic refrigerated large cutlassfish this month was 19,352 won, up more than 5,000 won from last January. The average price in the third week of this month is 18,891 won, which is 32% more expensive than the average price. The reason why the price of refrigerated cutlassfish has soared recently is because the catch has decreased by more than 70% compared to the previous year. On the other hand, frozen cutlassfish prices are relatively stable. The average price of domestic frozen large ...

Source: Yonhapnewstv