According to Yonhap News Agency reported on September 20, affected by rare high temperatures, heavy rain, typhoons and other extreme weather, the production of Korean vegetables has recently decreased significantly, and the price has soared, of which the price of Chinese cabbage has risen to nearly 9,000 won (about 45 yuan), which is jokingly called "golden vegetables". South Korea's "Asian Economy" said that the price of cabbage "sat on the rocket", and China's kimchi became a rescuer. #韩媒称中国产泡菜成救兵 #
South Korea's Ministry of Agriculture, Forestry and Animal Produce and Food said that from September 11 to 19, the wholesale price of a cabbage at Seoul's Cola Market was as high as 8,992 won, up 28 percent from the 1st to the 10th of this month.
Moreover, the pickled cabbage season is coming, and its price is expected to rise further as the market demand for Chinese cabbage continues to increase. In response, the South Korean government plans to release some of the vegetable reserves to stabilize prices.
In addition to the cabbage needed for pickles, radish and onion are also indispensable ingredients, but these two vegetables are also soaring in price. Coupled with the rising costs of energy, logistics and so on, kimchi manufacturers are overwhelmed, and after announcing in March this year that the price of finished kimchi will be increased by 5%-7%, it has decided to raise prices again in the second half of the year.
South Korean kimchi prices continue to rise, relatively cheap Chinese kimchi imports continue to grow, South Korea Customs Department import and export trade statistics show that in the first eight months of this year, South Korea imported Chinese kimchi accumulated 198.6 million US dollars (about 1.39 billion yuan), an increase of 27.6% year-on-year. In particular, in August, the import volume of kimchi in a single month reached 13.376 million US dollars (about 93.81 million yuan), a year-on-year increase of 41.1%, and the Customs Department expects that China's kimchi imports will continue to grow. Korean cabbage rose to 45 yuan a piece! Korean media: China's kimchi into a rescue - original - overseas network
