South Korea: Vegetable production is out of sync due to abnormal climate; price increase expected

Published 2024년 10월 10일

Tridge summary

A prolonged heat wave from mid-summer to mid-September has led to poor crop yields and a scarcity of fruit and vegetable supplies, resulting in significantly higher prices for these items. The heat wave has adversely affected the production of key crops like cucumbers, zucchini, and paprika, with some farms ceasing shipments early. Consequently, prices for these vegetables have surged, with cucumbers and zucchini experiencing record-breaking price increases of 23.4% and 69.6% respectively compared to the previous year. The high prices are expected to persist due to the slow recovery from the adverse growth conditions. Additionally, the nighttime temperatures dropping below optimal growth conditions may further delay the recovery of affected crops, ensuring that consumers will continue to face high produce prices in the near future.

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

Original content

The heat wave that has continued until mid-September is worsening the shortage of fruit and vegetable supplies. Many farms have ended shipments early due to poor crop yields in the summer season, and the early growth of fall crops has been poor due to abnormally high temperatures. It is expected that fruit and vegetable prices will continue to soar for the time being. ◆ Cucumber, zucchini, and paprika imports ‘fall’ due to prolonged heat wave = On the 7th, ‘Baekdadagi’ cucumbers were traded at an average of 34,400 won per box of 50 at Garak Market in Seoul. This is 23.4% higher than the average price in October last year (27,880 won) and 42.3% higher than the average price in October (24,170 won). On the same day, the average price of zucchini per box of 20 pieces was 31,974 won, up 69.6% from the average in October last year (18,858 won). Compared to the average in October (17,973 won), it increased by 77.9%. The reason for the high price is the lack of supply. Shin Yun-seop, ...

Source: Nongmin