Jongga Jip Pogikimchi, Temporarily Sold Out on Company Mall, Resumes Sales Today
Cabbage Prices Decline After Chuseok
Autumn Cabbage Shipments Expected to Stabilize Prices and Supply
[Asia Economy Reporter Choi Sunghye] Daesang Jonggajip's official online store Jeongwon e-Shop resumed sales of whole cabbage kimchi, which had been temporarily suspended, on the morning of the 21st. This is because the soaring price of napa cabbage has stabilized after the Chuseok holiday, and the autumn cabbage harvest has begun, gradually securing supply.
Daesang announced that it resumed sales of whole cabbage kimchi on Jeongwon e-Shop around 11 a.m. that day. It has been about a month since the temporary suspension of sales.
This year, due to an unusually long rainy season and typhoons, the quality of napa cabbage deteriorated and the shipment volume decreased, causing packaged kimchi manufacturers to face difficulties in securing napa cabbage, making production impossible. Due to poor harvests, napa cabbage prices surged sharply, accelerating the shortage phenomenon as consumers increasingly sought packaged kimchi instead of making kimchi for the winter season.
The Korea Agro-Fisheries & Food Trade Corporation (aT) expects that as napa cabbage supply normalizes and prices continue to decline, the supply control manual will soon be downgraded from ‘serious increase’ to ‘cautionary increase.’ According to aT, as of the previous day, the average wholesale price of napa cabbage (standard, 10kg) was 9,413 KRW, about one-third of the 27,830 KRW price one month ago. aT forecasted, "When the autumn cabbage harvest fully begins around the end of this month, the supply will increase, and napa cabbage prices are expected to stabilize."
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The packaged kimchi industry also expects that both online and offline sales will normalize after the end of this month, when the supply of raw materials such as napa cabbage returns to normal.
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