Home Travel News & Insights Fruit and Veg Prices Skyrocket After Heat Wave and Floods

Fruit and Veg Prices Skyrocket After Heat Wave and Floods

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Fruit and Veg Prices Skyrocket After Heat Wave and Floods

Fruit and Veg Prices Skyrocket After Heat Wave and Floods

  • By Lee Mi-ji, Lee Tae-dong

Vegetables and fruit costs are rising after a serious heat wave followed by downpours harmed huge swathes of farmland, putting more pressure on the wallets of Koreans currently diminished by inflation and increasing energy charges.

According to the Ministry of Agriculture, Food and Rural Affairs, 33,004 hectares of farmland and 52 hectares of greenhouses were harmed in current flooding.

An authorities at the National Agricultural Cooperative Federation stated, “Even after it stops drizzling and the ground dries, bacterial soft rot spreads, making it tough to raise brand-new crops.”

Some 797,000 animals were eliminated in the floods, which will likewise increase meat rates.

Watermelons are harmed after heavy rains in Iksan, North Jeolla Province on Tuesday.

Farmers stated cost boosts up until now have actually been silenced due to existing stockpiles being offered to make up for the deficiency, however they are anticipated to leap a lot more next week.

Downpours and floods harmed 110 hectares of fruit orchards, so the rate of a basket of 10 peaches rose 38 percent compared to a year ago to W25,184, watermelon 16.3 percent, grapes 83 percent, and tomatoes 46.8 percent.

A farmer takes a look at withered lettuce in Nonsan, South Chungcheong Province on Wednesday.

The high cost boosts will increase costs throughout the Chuseok in fall. Previously, the Korea Rural Economic Institute anticipated the apple harvest will fall 17.3 percent, pear production 21.1 percent and peach yields 10.2 percent.

The damage might be magnified when the yearly tropical cyclone season gets here in August.

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