Production decreases due to late summer heat: Winter cabbage and radish prices in South Korea have increased by up to twice compared to last year

Published 2024년 12월 24일

Tridge summary

Due to a decrease in cultivation area and late summer heat, the prices of winter cabbage and radish have surged, with cabbage prices doubling and radish prices nearly tripling compared to last year. To stabilize the market, the Korean government has decided to release some of the cabbage it had purchased. Retail prices of both vegetables had been decreasing until this month.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Late summer heat reduces production… Winter cabbage and radish prices double last year’s As the winter cabbage and radish cultivation area decreased compared to last year and the late summer heat added to it, the prices of cabbage and radish have increased by up to twice compared to last year. According to the Korea Agro-Fisheries & Food Corporation, as of the 23rd, the average retail price of cabbage was 4,639 won per head, 65% more expensive than a year ago. The average retail price of radish during the same period was 3,373 won, 91% more expensive than last year and 68% more expensive than the average year. As the retail prices of cabbage and radish showed a downward trend until the end of last month but turned upward this month, the government announced ...
Source: Yonhapnewstv

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