Domestic Red Bean Prices for Dongji Patjuk Similar to Last Year... Imported Beans Up 6.6%

On the 22nd, Dongji Day, officials are distributing red bean porridge to citizens at the Small Seol Dongji event held at Namsangol Hanok Village in Jung-gu, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Song Seung-yoon] The price of domestically produced red beans used in Dongji red bean porridge remains similar to last year, but imported red beans have become more expensive, according to a recent investigation.

According to the Agricultural Products Distribution Information from the Korea Agro-Fisheries & Food Trade Corporation (aT) on the 20th, the wholesale price of domestic red beans (medium grade) per 40kg was 353,000 KRW as of the previous day. This is about 1.2% higher than 348,750 KRW a year ago, but remains at a similar level. Compared to the average price of 367,950 KRW, it is 4.1% cheaper.

On the other hand, imported red beans have become more expensive in domestic distribution due to an increase in import unit prices. The wholesale price of imported red beans (medium grade) per 40kg was 275,800 KRW as of the previous day, up 6.6% from 258,800 KRW a year ago. Compared to the average price (189,400 KRW), it is 45.6% more expensive.

Most of the imported red beans distributed domestically are from China, but prices rose last year due to reduced production caused by poor harvests. This year, China's harvest conditions have been favorable, so the import unit price has been trending downward during recent contract signings.

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