South Korea: Prices of vegetables and seafood for Chuseok are strong while apples and beef are weak

Published Sep 17, 2024

Tridge summary

Hot weather is causing a significant increase in the prices of cabbage and radish, with both items now costing twice the price of last year. While other vegetables such as spinach, lettuce, and carrots are also becoming more expensive, the prices of apples and pears have fallen due to increased supply. The prices of livestock products, including Korean beef, pork belly, chicken, and eggs, have also decreased due to oversupply, causing difficulties for farms.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Seoul = Yonhap News) Reporter Shin Seon-mi = Vegetable prices are showing a strong trend as the hot weather continues in the middle of this month. Among the top 20 agricultural, livestock, and fishery products managed by the government for Chuseok, the prices of cabbage and radish have risen to 1.5 times the level of a year ago. On the other hand, the prices of apples and pears have fallen as fresh fruits have been supplied, and the price of hanut has remained lower than a year ago despite the peak holiday season due to oversupply. According to the Korea Agro-Fisheries & Food Trade Corporation (aT) on the 17th, the retail price of cabbage was 8,002 won per head as of the 13th, up 45.3% and 13.7% compared to a year ago and the average year, respectively. The average price is the average of the three years from 2019 to last year, excluding the highest and lowest prices. This month, the price of cabbage rose from 6,000 won on the 5th to 7,777 won on the 6th, and rose to 8,000 ...
Source: Yna
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