The South Korean government will import cabbage from China to ensure supply and stabilize prices

Published 2024년 9월 25일

Tridge summary

The Ministry of Agriculture, Food and Rural Affairs (MAFA) of South Korea has announced measures to stabilize the prices of horticultural products due to a poor cabbage harvest caused by high temperatures and drought. With wholesale cabbage prices averaging 9,537 won and retail prices between 20,000 to 23,000 won, MAFA will import fresh cabbage from China for the fifth time. The first batch of 16 tons will arrive on the 27th, with potential for more imports depending on China's production. The Korea Agro-Fisheries & Food Distribution Corporation will distribute the imported cabbage to catering companies and food suppliers. Additionally, the government will provide subsidies for early cabbage release and support discount promotions in major supermarkets to reduce consumer costs.

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

Original content

The Ministry of Agriculture, Food and Rural Affairs (MAFA) released the above-mentioned measures to stabilize the prices of horticultural agricultural products on the 24th. Due to high temperatures and drought, the cabbage harvest was poor, resulting in insufficient supply. The average wholesale price of each cabbage was 9,537 won (about 50 yuan) in the middle of this month, and the retail price was 20,000 to 23,000 won. The MAFA judged that the supply of cabbage will continue to decrease for some time to come, so it decided to import fresh cabbage from China. This is the fifth time the South Korean government has imported Chinese cabbage. The MAFA will import the first batch of 16 tons of Chinese cabbage on the 27th, and will gradually expand the import volume depending on the production situation in China. The Korea Agro-Fisheries & Food Distribution Corporation (AT) will supply imported cabbage to catering companies, ...

Source: Foodmate