South Korea: Vegetable prices soar amid heat wave; cucumbers up 37% and Cheongyang peppers up 56%

Published 2024년 8월 11일

Tridge summary

Vegetable prices in Korea have increased significantly due to a heatwave and poor growth conditions caused by heavy rain during the rainy season. The prices of zucchinis and Cheongyang peppers have seen the biggest increases, with zucchinis up by 9.6% in a week and 36.9% year-on-year, and Cheongyang peppers up by 56.2% year-on-year. In response, the government is strengthening agricultural product growth management and planning to supply additional stockpiled agricultural products to the market to prevent further price hikes.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vegetable prices soar amid heatwave… Cucumbers up 37%, Cheongyang peppers up 56% Vegetable prices are on the rise amid the nationwide heatwave. According to the Korea Agro-Fisheries & Food Trade Corporation, as of the 9th, zucchinis were priced at 2,940 won per piece, up 9.6% in a week. The retail price of 10 dadagi cucumbers was 13,269 won, up 36.9% from a year ago and 39.8% more expensive than the average year. Cheongyang peppers were 1,540 won per 100g, up 56.2% from a year ago and 57.6% more expensive than the average year. This is because growth was poor due to weather conditions such as frequent heavy rain during the rainy season and the heatwave that followed. Accordingly, the government is strengthening agricultural product growth ...
Source: Yonhapnewstv

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.