Cabbage prices rose 20% in one month in South Korea

Fresh Cabbage
South Korea
Market & Price Trends
Published Oct 18, 2023

Tridge summary

Cabbage prices in South Korea have increased by over 20% compared to a month ago, along with other leafy vegetables and fruits. However, the Ministry of Agriculture predicts that cabbage prices will drop from the end of the month due to the shipment of fall cabbage. Prices of other kimchi ingredients such as green onions and ginger have also risen, while the prices of leafy vegetables and fruits have increased compared to a year ago due to supply shortages caused by abnormal weather conditions.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

(Seoul = Yonhap News) Reporter Shin Seon-mi = Ahead of the full-fledged kimchi season, cabbage prices jumped by more than 20% compared to a month ago. The prices of not only cabbage but also leafy vegetables and fruits such as lettuce and perilla leaves are more expensive than usual. According to agricultural product distribution information from the Korea Agro-Fisheries and Food Trade Corporation (aT) on the 18th, the retail price of cabbage (product) the day before was an average of 6,587 won per head, up 20.3% from 5,476 won a month ago. The retail price of cabbage is 11.0% higher than the price of 5,934 won a year ago and 21.3% higher than the average price (5,432 won). The average price is the three-year average excluding the maximum and minimum values from 2018 to last year. However, the Ministry of Agriculture, Food and Rural Affairs predicts that cabbage prices will drop from the end of this month when fall cabbage used for kimchi is shipped in earnest. An official from ...
Source: Yna
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