Cabbage and Radish Prices to Remain Strong Next Month... "Reduced Supply Due to High Temperatures"

[Image source=Yonhap News]

[Asia Economy Reporter Lim Chun-han] The recent strong prices of napa cabbage and radish are expected to continue until next month.

According to the "Leafy Root Vegetable Supply and Demand Trends and Outlook" report released on the 24th by the Agricultural Outlook Center of the Korea Rural Economic Institute, the average wholesale price of 10kg of napa cabbage this month is projected to be around 13,500 KRW. This is 78.8% higher than the average for the same month in normal years (7,550 KRW) and 28.6% higher than the average wholesale price forecast (10,500 KRW) released by the Agricultural Outlook Center on the 1st of this month.

The wholesale price of napa cabbage next month is also expected to rise compared to normal years. This is due to the expected decrease in napa cabbage shipments by 13.5% and 7.0% in July and August, respectively, compared to normal years. The observation team explained that adverse weather conditions such as high temperatures this month caused lime deficiency and soft rot in napa cabbage, resulting in poor crop conditions for the quantities shipped in mid to late this month.

The wholesale price of radish is also expected to be around 17,000 KRW for 20kg this month, which is 46.8% higher than the same period in normal years (11,580 KRW). The wholesale price in August is also expected to be higher than the same month last year (11,330 KRW). Radish shipments have decreased by 17.5% compared to normal years. In particular, open-field spring radishes experienced disease and physiological disorders due to high temperatures in early this month. However, next month's shipments are expected to decrease by only 2.1% compared to normal years, and the crop conditions of the quantities shipped in mid to late September, the peak season for Chuseok, are currently favorable.

The average wholesale price of cabbage this month is 8,000 KRW for 8kg, which is 79.0% higher than the same month in normal years (4,470 KRW), but it is expected to fall below normal years next month. The observation team stated, "Open-field spring cabbage production is expected to be 60,000 tons, a 16.6% decrease compared to the same month in normal years, but summer cabbage production is expected to increase by 7.2%."

This content was produced with the assistance of AI translation services.