South Korea: Will it become bolden cabbage during kimchi season?

Published 2023년 11월 2일

Tridge summary

The price of cabbage, a key ingredient in kimchi, is predicted to be over 40% more expensive this month compared to last year, according to the Korea Rural Economic Institute. This is due to an increase in wholesale prices, with cabbage costing 8,000 won per 10 kg, up 43.9 won from the same month last year. However, the Korea Agricultural Research Institute predicts that as cabbage shipments increase, prices will drop sequentially this month.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Seoul = Yonhap News) Reporter Shin Seon-mi = It is predicted that the price of cabbage, a key ingredient, will be more than 40% more expensive this month when the kimchi season begins in earnest compared to a year ago. On the 2nd, the Korea Rural Economic Institute reported that the wholesale price of cabbage this month was 8,000 won per 10 kg, up 43.9 won from 5,561 won in the same month last year, according to the report 'Agricultural Observation November Issue Leaf Root Vegetables' and 'Agricultural Observation November Issue Seasoned Vegetables'. % was predicted to be high. It is 17.0% more expensive than the average wholesale price of 6,838 won since 2018, which is the average excluding the maximum and minimum of last year. However, the Korea Agricultural Research Institute predicted that as cabbage shipments increase, prices will drop sequentially this month. Green onions, another kimchi ingredient, were predicted to be 2,700 won per 1 kg as of this month, 49.3% more ...
Source: Yna

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