Dried and red pepper prices 'beginning to fall' in South Korea

The price of dried and red peppers from this year was lower than last year at the local auction and started at a level similar to last year. On the 5th, at the agricultural products (pepper) market in Seoan-dong, Gyeongsangbuk-do, dried red peppers were traded at an average price of 1727 won per 600g of dried peppers. This is 23% lower than the average meridian value of 13,995 won on the same day last year, and is similar to the average meridian value, which was in the low 10,000 won range. Red pepper also traded at 2420 won per kg, 26.7% lower than 3,301 won on the same day last year, and there was no difference from the average year. Seoan-dong Agricultural Cooperatives said, "The first auction of this year for this year's red pepper has started on the 2nd. It is lower than last year when it was strong, but it started at a similar level to the previous year." The common opinion of the producers is that the increase in production due to an increase in cultivated ...