October agricultural product prices like cabbage is 38% more expensive than a year ago, and apples are cheaper in South Korea

The Korea Rural Economic Institute and the Rural Development Administration have forecasted price fluctuations for various vegetables and fruits in October. Vegetables such as cabbage, radish, carrots, white cucumbers, zucchinis, and paprika are expected to see price increases due to decreased production or poor crop conditions, while fruits like apples and pears are expected to see price drops due to increased supply. Specific price increases and production forecasts were provided for each item.

(Seoul = Yonhap News) Reporter Shin Seon-mi = This month, the prices of vegetables such as cabbage and radish are more expensive than a year ago, but the prices of fruits such as apples and pears are expected to fall. On the 3rd, the Korea Rural Economic Institute (RRI) predicted in its 'Agricultural Observation October' report that the wholesale price of cabbage (product) this month will rise 38.4% from a year ago to 15,000 won per 10 kg. Compared to the average price of the three years excluding the highest and lowest prices from 2019 to last year, it is 42.9% more expensive. This is because the production of cabbage in semi-alpine regions decreased due to high temperatures and drought. However, the RRI predicted that the price will gradually fall after autumn cabbage is shipped from mid-month. Autumn cabbage production is expected to decrease by 5.2-8.1% from last year, to 1,142,000-1,177,000 tons (tons). The Rural Development Administration forecasted that the wholesale ...