Garak Market 'mu' wholesale prices collapse below 10,000 won... Anticipation of a rebound in September

Sluggish consumption and quality decline lead to sharp price drop Low-quality cabbages are being shipped and accumulated inventory is piling up, causing the wholesale price of cabbages to struggle. However, there is an expectation that prices will rebound ahead of the Chuseok holiday. As of the 22nd, the price of a 20 kg box (product) of cabbages at the Garakdong Agricultural Products Wholesale Market in Seoul was 9,361 won, collapsing below the 10,000 won mark. This is a drop of 1,621 won (14.8%) from the previous day's price of 10,982 won. Compared to the price of 13,808 won three weeks ago on the 1st of this month, it has fallen by 4,477 won (32.4%). Compared to the price of 28,189 won on the 22nd last year, it has decreased by 18,828 won (66.8%). Even compared to the average price of 22,509 won over the past five years, the drop is significant. This price decline is attributed to sluggish consumption. Even though the amount of cabbages brought in has decreased, consumption has ...