South Korea: 331,356 won for kimchi for a family of four due to the price of cabbage soaring; increase by 8.5% compared to last year

Published Dec 3, 2021

Tridge summary

The cost of making kimchi for a family of four has increased by over 8% compared to last year, due to a significant rise in the price of cabbage. The Korea Agro-Fisheries & Food Trade Corporation (aT) reports that the cost was 335,356 won as of the previous day, 8.5% higher than the same period last year. This is due to the high cost of Chinese cabbage, the main ingredient, which has increased by 53.6% due to a decrease in supply. However, prices are expected to stabilize as the autumn cabbage harvest begins and the government is taking measures to increase the supply of major kimchi vegetables and reduce the burden on consumers.

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

Original content

(Seoul = Yonhap News) Reporter Park Sang-don = The cost of making kimchi for a family of four increased by more than 8% compared to last year, as the cost of making kimchi exceeded 330,000 won due to the soaring price of cabbage. According to the Korea Agro-Fisheries & Food Trade Corporation (aT) on the 3rd, the cost of making kimchi for a family of four was 335,356 won as of the previous day, 8.5% higher than on the same day last year. This is based on a survey of the prices of 13 items commonly used as ingredients for kimchi at 17 traditional markets and 27 large retailers in 19 regions across the country. By item, Chinese cabbage (20 packs) rose 53.6% to 90,840 won, while salt rose 28.4% and garlic 23.1%. On the other hand, the prices of green onions (-24.5%), ginger (-21.6%), and red pepper powder (-13.6%) fell due to good crops. aT analyzed, "The price of Chinese cabbage, the main ingredient for kimchi, has risen due to a decrease in supply due to a decrease in cultivated ...

Source: Yna