Crab sales volume in South Korea cut in half due to high temperatures; prices jumped by 35%

Published 2024년 10월 15일

Tridge summary

High water temperature has led to a decrease in crab production by half along the West Sea coast, resulting in a 35% increase in prices. The National Federation of Fisheries Cooperatives sold 2,707 tons of crabs last month, a 47.5% decrease from the same period last year, at 8,410 won per 1kg. Due to the decrease in production, a special discount event has been implemented to sell crabs at half price.

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

Original content

Due to the high water temperature, crab sales volume has been cut in half… Prices have jumped by 35% As the production of crabs has decreased due to the unusual high water temperature phenomenon along the West Sea coast, the sales volume has also decreased by more than half and the prices have jumped by about 35%. According to the National Federation of Fisheries Cooperatives, the sales volume of crabs last month was 2,707 tons, which is about 47.5% less than the same period last year. Accordingly, the sales price has risen by over 35% compared to the same period, to 8,410 won per 1kg of crabs. The National Federation of Fisheries Cooperatives explained that the prices have skyrocketed due to the sharp decrease in crab ...

Source: Yonhapnewstv