South Korea: Imported cabbage adds to market confusion

As duty-free fresh cabbage from China is being imported into Korea, confusion is growing in the distribution field. Some distributors are concerned that the government’s fresh cabbage import measures could shake the domestic cabbage production base itself. Since cabbage prices are expected to stabilize when actual sales are made, some are pointing out that this is a ‘showy response’ or a ‘lagging response.’ On the 27th, cabbage was traded at 21,141 won per 10kg bag (3 heads) at Garak Market in Seoul. The cabbage auction price, which had soared to 41,483 won on the 14th and 35,686 won on the 23rd, is stabilizing downwards after passing the 25th (24,551 won), 26th (19,921 won), and 27th (21,139 won). The cabbage auction price is expected to stabilize further as we enter October. A Garak Market official said, “As the cool weather continues, shipments are becoming smoother and the amount of cabbage being brought into the market is increasing.” The amount of cabbage being brought into ...