South Korea: In early December, kimchi production prices are still on a stable decline

Published 2022년 12월 7일

Tridge summary

The Korea Agro-Fisheries & Food Trade Corporation has reported a 0.8% decrease in the cost of making kimchi, leading to a total decrease of 12.8% compared to the same period last year. This is due to a decrease in the prices of radish, cabbage, and other ingredients used in kimchi. The price of some ingredients like water parsley and ginger increased due to insufficient supply, but overall, the stabilization of main ingredients has kept the kimchi-making costs low.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(The Korea Agricultural Newspaper = Reporter Kim Heung-joong) With the kimchi-making season nearing its end, this year's kimchi-making cost continued to remain stable at a lower level than the previous year following last week. According to the survey results of the Korea Agro-Fisheries & Food Trade Corporation (aT, President Kim Chun-jin) on the 1st, the cost of making kimchi based on 20 cabbages was 208,820 won, a 0.8% decrease from last week (November 24), compared to the beginning of December last year. It was also found to be 12.8% lower. The corporation has been announcing the cost of making kimchi every week since November 10 after researching the prices of 14 major kimchi ingredients in 17 traditional markets and 27 large retailers across the country. As a result, from 221,389 won in the early days of the kimchi-making season (November 10), it steadily declined to 5.7%, showing a stable trend. Compared to last week by item, the price of radish decreased by a large margin ...
Source: Newsfarm

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