In South Korea, cherry is half-priced while the sale of crab is doubled

Published 2022년 4월 11일

Tridge summary

Noryangjin Fish Market is experiencing a surge in popularity for cherry blossoms and snow crab, driven by eased social distancing measures and increased demand. The price of snow crab has halved compared to last year due to reduced exports from Russia, which have been rerouted to Korea following Western sanctions and Chinese city lockdowns. This has led to a significant increase in supply and a decrease in price. Retailers anticipate that prices may rise again when the Shanghai lockdown is lifted. The influx of visitors and increased market activity are providing a boost to the market, which had been stagnant due to the pandemic.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

'Cherry blossoms' and 'snow crab' are becoming popular products for merchants and restaurant vendors in Noryangjin Fish Market. In line with the recently eased social distancing, the number of people who want to see cherry blossoms is increasing, and people are lining up to try the snow crab, which has dropped in price by half compared to the previous year. An official from Noryangjin Fish Market said, "It's hard to get a seat at a restaurant if you don't make a reservation on Friday, Saturday and Sunday." "The year-end and New Year atmosphere is being created." There is usually a reason why the price is so good. Exports became difficult due to Western sanctions on Russia following the situation in Russia and Ukraine, and as major cities in China such as Shanghai were blocked due to the spread of Omicron mutation, Russian snow crabs, whose export routes were blocked, flowed into Korea. 40% of the snow crab caught in Russia goes to China via land, and Korea digests that amount. In ...
Source: Fisheco

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