Soaring prices in the heatwave, spinach 92%↑ from a year ago in South Korea

Published 2021년 7월 28일

Tridge summary

A recent heatwave has caused a significant increase in the prices of leafy vegetables such as lettuce, spinach, and sesame leaves in South Korea. The wholesale price of spinach has risen by approximately 92% from last year, and the price of green lettuce has increased by 62%. This is due to reduced production as these vegetables are sensitive to heat. The decrease in agricultural manpower due to COVID-19 and the impact of heat waves on foreign workers in mountainous areas have also contributed to the price hike. Homeplus predicts that these high prices are likely to persist as the heatwave is expected to continue into next month.

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

Original content

(Seoul = Yonhap News) Reporter Lee Young-seop = The price of some vegetables is skyrocketing due to the heatwave that has continued for two weeks. According to the Agricultural Products Distribution Information (KAMIS) of the Korea Agro-Fisheries & Food Trade Corporation (aT) on the 28th, the price of leafy vegetables such as lettuce, spinach, and sesame leaves has risen significantly. As of the 27th, the wholesale price of spinach was 39,360 won per 4 kg, up about 92% from a year ago. The wholesale price of green lettuce rose 62 percent to 41,320 won per 4 kg, and the same amount of red lettuce rose 16 percent to 34,60 won. Wholesale prices of radish (44%), cabbage (29%), and sesame leaves (12%) also jumped. This is because leafy vegetables are particularly vulnerable to heatwaves, resulting in reduced production. However, the wholesale price of cabbage fell 36% from a year ago. Last year, heavy rains fell in mountainous areas such as Gangwon's highlands, and the price of cabbage ...

Source: Yna