South Korea: Cabbage prices skyrocket, Chinese imports to catch up

Published 2024년 9월 24일

Tridge summary

Due to crop failures caused by heat waves and droughts, cabbage prices in South Korea have significantly increased, with the average price per bunch being 50.5% higher than the previous year. In response, the government has decided to import 16 tons of cabbage from China to stabilize the supply and demand. This is the fifth time the government has imported Chinese cabbage since 2010. Large marts will also provide price discounts to ease the financial burden on consumers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cabbage prices skyrocket… Importing from China to catch up [Anchor] As crop failures continue due to heat waves and droughts, cabbage prices have recently skyrocketed. As households’ financial burdens have increased, the government has decided to take measures to stabilize prices by importing Chinese cabbage. Reporter Han Ji-i reports. [Reporter] This is an internet community where self-employed restaurant owners gather. There are many posts saying that they will have to give up providing cabbage kimchi as a side dish for the time being. Self-employed business owners who run kimchi stew and kimchi stew shops are also frustrated. According to the Korea Agro-Fisheries & Food Trade Corporation, as of the 23rd, the average price of cabbage per bunch was 9,321 won. It is 50.5% higher than a year ago and 29.2% higher than the average year.> In some cases, the retail price sold at marts or markets exceeds 20,000 won. As the burden grew, the government decided to import cabbage from China ...
Source: Yonhapnewstv

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