South Korea: Due to the shrinking consumption of eating out, leafy vegetables are frozen

Published 2022년 11월 16일

Tridge summary

The article highlights the decrease in prices for green lettuce, spinach, and radish due to reduced consumption, particularly in eating out, caused by the sluggish economy and the concentration of consumption during the kimchi-making season. The prices of these vegetables are expected to remain weak until December due to ongoing negative factors. In contrast, the production of sesame leaves has decreased, leading to a strengthening of their market prices. Experts believe that the market outlook for these vegetables is not bright until December, anticipating that consumption recovery will be unlikely in the near future.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Demand for kimchi-making season overlaps and hits directly The price of green lettuce and spinach was 1/3 of last year Crown daisy plummeted by nearly 60% Sesame leaf production has decreased, so alone is strong Market prices of leafy vegetables, such as lettuce, spinach, and radish, continue to be weak due to the shrinking consumption of eating out due to the sluggish economy and the concentration of consumption due to the kimchi-making season. The outlook for the market price is also not bright as negative factors such as falling temperatures are expected to continue. ◆Weak prices of lettuce, spinach, and radish due to bad consumption = Recently, market prices of leafy vegetables are showing weakness except for some items due to sluggish consumption. On the 14th, at the Garak Market in Seoul, a box of 4kg green lettuce was sold for an average of 8,954 won. This is 31% lower than the meridian price of 12,964 won in November last year and 15.2% lower than the normal November ...

Source: Nongmin