South Korea's ‘national fish’ mackerel rises in price as demand rises, ‘precious side dish’ cutlass cuts consumption due to reduced consumption

The price of mackerel, a “national fish,” is soaring, and the price of cutlassfish, a “precious side dish,” is falling. Cutlassfish were usually more than four times more expensive than mackerel based on the wholesale price of 1kg, but this year, the price difference between the two fishes has narrowed to less than two times. The Korean table is changing as consumption stagnation, high oil prices, and the high exchange rate are approaching. ○ Reduced haircut consumption, soaring mackerel prices According to the Korea Agro-Fisheries & Food Trade Corporation (aT) on the 8th, the wholesale price of 10 kg of mackerel (as of the 7th) was 62,880 won, a 48.3% increase from the average year (42,372 won). On the other hand, the wholesale price of 1 kg of cutlassfish was 8,900 won, down 50.6% from the normal year (18,026 won). The price of cutlassfish in normal years reached 4.2 times the price of mackerel (based on the wholesale price per kg), but this year it is only 1.4 times. The price ...