Government of South Korea continues to increase imports even when domestic fruit prices fall

[Korea Farmers and Fishermen Newspaper] The wholesale price of house tangerines from Jeju has been cut in half in one month. As of July 2, the average price of house tangerines was 16,179 won per 3 kg, a 47.9% drop compared to the average price of 30,128 won in May. At the beginning of the year, the media reported that the price of tangerines was hitting an all-time high every day since 1997, and that “kumquats are so expensive that you can’t eat them.” However, it began to decline in the middle of last month, and there are predictions that the price will fall further this month as shipments increase. In fact, it is not only tangerine prices that are currently falling. The prices of melons and watermelons, which are in season, have also continued to decline significantly since last month. According to the July agricultural observation of the Korea Rural Economic Institute, the wholesale price of melons last month was 30% lower than the same period last year, and the price of ...