Full-fledged shipment of Chinese cabbages from semi-highland regions in South Korea, prices decrease to 6,000 won per product

Published 2022년 10월 5일

Tridge summary

The South Korean government is planning to announce measures to stabilize the supply and demand of major kimchi vegetables at the end of October, following a significant drop in cabbage prices. The drop in prices is due to changed production conditions and increased shipment volumes. The Ministry of Agriculture, Food and Rural Affairs has already released over 5,000 tons of Chinese cabbage to the market to stabilize prices, and plans to continue supplying cabbage harvested from 100 hectares of fields. The Ministry also expects a 12% increase in Chinese cabbage production in the fall compared to last year, ensuring sufficient supply for the kimchi season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Government, “Kimjang Vegetable Supply and Demand Stabilization Measures to be Announced at the end of this month” Since the end of September, the price of cabbage has been falling rapidly. The government has decided to continue supplying cabbage to the market this month until supply and demand are sufficiently stable. The plan is to release supply and demand stabilization measures for major kimchi vegetables at the end of this month. The Ministry of Agriculture, Food and Rural Affairs explained the wholesale and retail price trends for cabbage on the 5th and released a schedule to announce measures to stabilize the supply and demand of kimchi vegetables. According to the Garak-dong Agricultural and Fisheries Wholesale Market in Seoul, the wholesale price of Chinese cabbage dropped from 9,000 won per product as of mid-September to 5543 won as of the 1st of this month. Consumer prices also fell from 10,000 won per bag in mid-September to 8,155 won on September 30, based on aT ...
Source: Nongmin

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