South Korea: As the price of domestically produced fruits continues to soar, imported fruits were found to be targeting consumers with low prices

As the price of domestically produced stored fruit continues to soar and the supply of seasonal fruits and vegetables is not in full swing, imported fruits are being released in large numbers on the market. Imported fruits were found to be targeting consumers with low prices thanks to the government's price policy. Meanwhile, it was found that last year's imports of foreign frozen fruit also reached a record high. According to GS The Fresh, a corporate supermarket (SSM) operated by GS Retail, among fruit sales in the two days immediately following the Lunar New Year holiday this year (13th to 14th), imported fresh fruit sales increased 31.4% compared to the two days before the holiday (6th to 7th). In particular, sales growth rates were high for oranges (168.5%), grapes (102.6%), and pineapples (70%). Wi Tak, a purchasing manager (MD) of GS Retail’s agricultural team, said, “With domestic fruit prices soaring, we believe there was a high demand for exotic and imported fruits in ...