Cabbage Average Retail Price Exceeds 9,500 Won… 16 Tons of Chinese Cabbage Imported into Korea

Published 2024년 9월 26일

Tridge summary

South Korea's Ministry of Agriculture, Food and Rural Affairs has imported 16 tons of cabbage from China to stabilize surging prices, marking the fifth such import. The ministry will also reduce tariffs to promote private imports. The high tariff of 27% will be reduced to 0% due to poor cabbage growth caused by high temperatures, with concerns over supply until mid-November. However, consumption has decreased since Chuseok, with cabbage prices approaching 10,000 won per head. The ministry plans to address cabbage supply and demand issues, including climate change impacts, by stabilizing production and supply.

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

Original content

(Seoul = Yonhap News) Reporter Kim Yun-gu = The Ministry of Agriculture, Food and Rural Affairs announced on the 26th that in order to stabilize the skyrocketing cabbage prices, the initial quantity of 16 tons (tons) of cabbage imported from China has been imported into Korea, and that additional imports will be secured in consideration of the situation in China and domestic cabbage crops in the future. This is the fifth time that the government has imported cabbage, following 2010 (162 tons), 2011 (1,811 tons), 2012 (659 tons), and 2022 (1,507 tons). The Ministry of Agriculture, Food and Rural Affairs is applying a quota tariff that lowers the tariff from 27% to 0% to promote private cabbage imports. The Ministry of Agriculture, Food and Rural Affairs explained, "Imported cabbage will undergo hygiene inspection and quarantine procedures, be delivered to the government warehouse within a few days, and will be distributed to the market after quality inspection. It will be ...

Source: Yna