South Korea: Cherry tomato and melon prices soar due to increased demand for fruits

Published May 5, 2024

Tridge summary

Prices of cherry tomatoes and melons have increased significantly due to heightened demand, according to the Korea Agro-Fisheries and Food Trade Corporation. The retail price of cherry tomatoes has risen by 42.2% from last year, reaching 10,748 won per kg, while the price of melons has increased by 35.6% to 27,896 won for 10 pieces. Other fruits such as tomatoes and watermelons have also seen price hikes of over 10% compared to last year. However, the price of imported bananas has decreased due to government imports.

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

Original content

Cherry tomato and melon prices soar due to increased demand for fruits Prices of major fruits and vegetables, such as cherry tomatoes and melons, are showing higher levels than a year ago. According to the Korea Agro-Fisheries and Food Trade Corporation, the retail price of cherry tomatoes, the highest product standard, was 10,748 won per kg as of the 3rd, up 42.2% from a year ago. The retail price of melons increased by 35.6% to 27,896 won for 10 pieces. The rise in cherry tomato and melon prices is both due to increased demand. Retail prices for melons, tomatoes, and watermelons each rose by more than 10% compared to a year ago. On the other hand, imported fruits such as bananas have become cheaper compared ...

Source: Yonhapnewstv