South Korea: Up to 40% discount for cabbage, radish, and red pepper powder until December 4th

The consumer price of agricultural and livestock products in October rose only 1.1% compared to the same period last year. However, vegetables rose 15.6% compared to the same month last year, threatening the price of shopping carts. The government plans to make every effort to lower prices by providing discounts on kimchi ingredients during the kimchi season. According to the Ministry of Agriculture, Food and Rural Affairs, the wholesale prices of cabbage and radish are higher than average due to the high temperatures that continued until mid-September. Last month, cabbage was recorded at 8,299 won per head (early summer) and radish at 2,509 won per head (mid-summer). However, as temperatures dropped in October, prices also began to decline. In addition, the Ministry of Agriculture, Food and Rural Affairs judged that there is sufficient supply capacity for other kimchi ingredients such as red pepper powder, onion, garlic, and green onion. In particular, the wholesale price of ...