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out of stock! purchase limit! south korea is in a "cabbage shortage"! what's going on?

2024-09-28

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korean cabbage supply is tight and prices are rising. recently, some supermarkets have even begun to restrict the purchase of chinese cabbage.

in a community supermarket in seoul, south korea, a big cabbage on the shelf is now worth about 80 yuan. because the price is relatively expensive, few people buy it, and instead choose baby cabbage, cabbage, etc. as substitutes. the recent tight supply and demand of chinese cabbage in south korea is difficult to alleviate. since large korean supermarket chains have government subsidies to sell at discounts, buying a head of chinese cabbage in these places costs about 30 to 40 yuan, which is about 30% cheaper than the average retail price. as a result, many consumers in south korea started queuing up before large supermarket chains opened. some stores sold out all chinese cabbage that morning. one well-known large supermarket chain even began to limit purchases, limiting each person to three chinese cabbages per day.

according to the latest data released by the korea agriculture, fisheries and food distribution corporation, the average price of chinese cabbage from the 1st to the 25th of this month increased by about 37% compared with the same period last year. the short supply of chinese cabbage has led to a decline in the output of finished kimchi, and supermarket purchases have also temporarily declined. recently, some supermarket kimchi shelves have been sold out, and some online malls have been out of stock of more than 50 kimchi products at the same time. in addition, school feeding centers in some areas of south korea have issued notices to interrupt the supply of kimchi from the 30th of this month to the middle of next month.

on the 27th, the first batch of 16 tons of chinese cabbage purchased by the south korean government arrived in south korea and is expected to be put on the market as soon as next week or so. according to south korean media reports, the south korean government will also import approximately 80 tons of additional chinese cabbage from china next week. in addition to government procurement, cabbage imports by korean private trading companies have also surged. according to data released by the korea food and drug administration on wednesday, in the first 24 days of this month, south koreans imported 530 tons of fresh chinese cabbage from china, a surge of more than seven times compared with the same period last year. according to forecasts, before the shipment of korean autumn chinese cabbage in the middle of next month, the price increase of korean chinese cabbage will continue in the short term.

source: cctv finance

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