South Korea: Winter fruit prices soar due to abnormal temperatures, tangerine and strawberry prices jump

Published 2024년 12월 19일

Tridge summary

Record-breaking summer temperatures have led to a significant increase in the prices of tangerines and strawberries for the winter. The Korea Agro-Fisheries & Food Trade Corporation reported a 10% rise in prices compared to last year, with tangerines costing 18% more and strawberries 24% more on average. The Ministry of Agriculture, Food and Rural Affairs is planning to increase the distribution volume and expand the supply of alternative fruits to offset the price hike.

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

Original content

Winter fruit prices soar due to abnormal temperatures… Tangerine and strawberry prices ‘jump’ Due to the record-breaking heatwave last summer, the prices of tangerines and strawberries, which are popular in the winter, have risen by more than 10% compared to last year. According to the Korea Agro-Fisheries & Food Trade Corporation, the average retail price of field tangerines was 4,265 won for 10 pieces, up 18% from a year ago. This is 47% higher than the average price. In the case of strawberries, the average retail price was 2,532 won for 100g, up 14% from a year ago and 24% from the average year. However, crops are recovering this month. The Ministry of Agriculture, Food and Rural Affairs said, “We ...

Source: Yonhapnewstv