Sea salt prices tripled in South Korea: Goesan pickled cabbage producers are struggling with the recent scarcity

Published 2021년 5월 22일

Tridge summary

Recent surge in salt prices and shortages are causing emergencies for farmers in Goesan, Chungcheongbuk-do, who produce pickled cabbages. The consumer price of sea salt has tripled, leading to production drops and concerns among farmers. Despite some farms securing a sufficient supply, others are struggling with the scarcity and rising prices. The local government has increased subsidy per bag from 1,000 won to 2,000 won, but it fails to compensate for the significant price surge. The producer of pickled cabbage, which was sold for 35,000 won last year after a price increase of 5,000 won, expects difficulty in raising the price this year due to consumer protests.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Goesan = Yonhap News) Reporter Park Jong-guk = Recently, as salt prices have skyrocketed and shortages have been seen, there has been an emergency to farmers who produce pickled cabbages in Goesan, Chungcheongbuk-do. According to Goesan-gun on the 21st, the consumer price of sea salt from 6,000 to 7,000 won at this time last year has recently tripled to 17,000 to 20,000 won. Last year, production plummeted due to frequent rains, and when the news of Japan's discharge of contaminated water from nuclear power plants was reported, the season of sea salt stocking was also appearing. Salt is a necessity for local farmers who produce 1 million boxes of pickled cabbage each year (20 kg per box). The required amount per year is about 100,000 bags (based on 20kg). The Goesan Countryside Pickled Cabbage Farming Association and Goesan Nonghyup, which have been supplying Sinan sea salt to these farms every year, have secured a considerable amount of 12,000 to 13,000 won last month, and are ...
Source: Yna

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