38% surge in price due to the disappearance of squid, and even in flounder and lobster in South Korea

Published Dec 29, 2021

Tridge summary

High sea temperatures have led to a decrease in squid production on the East Coast of Korea, causing a shortage of the seafood and driving up prices. Squid, previously the favorite seafood of Koreans, is now hard to find in restaurants and supermarkets, with prices surging by 38% in three months. The situation is expected to improve in January and February. Meanwhile, flatfish and eel prices are also fluctuating due to decreased supply, with prices likely to remain high until January, when supply is expected to increase ahead of the Lunar New Year holidays.

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

Original content

Squid being sold at Jumunjin Fisheries Market in Gangneung-si, Gangwon-do © News1 The squid disappeared from the table. It is analyzed that this is because the production of the east coast has decreased due to the high temperature of the sea. Sashimi restaurants have posted notices announcing that squid sashimi is out of stock, and squid prices are fluctuating at large supermarkets as well. Key sashimi such as flounder and flounder have also risen in price as supply dwindles, making it more difficult to taste sashimi this winter. ◇Mart squid prices soared 38% in 3 months... Out of stock On the 29th, a message indicating that squid sashimi is out of stock is attached at a sushi restaurant (Baedal Minjok application) © News The average retail price of one water squid as of the 28th, according to the Korea Agro-Fisheries & Food Trade Corporation (aT) Agricultural Products Distribution Information (KAMIS) on the 129th. 6,124 won, up 18.3% from a month ago. This is an increase of ...

Source: Donga