Typhoon ‘Kanun’ Devastates Crops, Causing Fluctuations in Food Prices: Latest Updates and Impact on Consumers

2023-08-12 21:51:23

▲Photo: Yonhap News No. 6 Typhoon ‘Kanun’ affected crops by more than five times the area of ​​Yeouido.

There is a prospect that the price of food, which is burdensome even if it is not, will fluctuate once once more.

According to the Ministry of Agriculture, Food and Rural Affairs, as of the 11th, the crop damage area due to the typhoon reached 1,565.4 hectares.

It is five times the size of Yeouido.

A third of the affected area was concentrated on rice, followed by carrots, beans, and peppers.

It was investigated that most of the fallen fruit damage occurred in apple orchards.

By region, Gyeongbuk suffered the most damage with 654.8 ha, followed by Gyeongnam (352.6 ha), Jeonnam (219.1 ha), Jeju (158 ha), and Daegu (146 ha).

Crop prices are also fluctuating.

▲ Photo: Yonhap News According to the Korea Agro-Fisheries & Food Trade Corporation, as of the 11th, the wholesale price of major vegetables and fruits has risen by up to 160% compared to last month.

In the case of 10 kg of cabbage, 25,760 won, up 160.7% from last month, 20 kg of radish was 29,320 won, up 127.3% over the same period, 8 kg of cabbage was 14,560 won, up 106.9% over the same period, and 2 kg of sesame leaves rose 78.2%. It was 38,760 won.

4 kg of spinach increased by 51.7% to 59,500 won, 10 kg of green pepper increased by 51.9% to 82,980 won, 20 kg of carrots increased by 26.7% to 60,640 won, and 4 kg of red lettuce increased by 17.8% to 50,920 won. .

10kg of apples is 86,225 won, up 15.2% from a month ago.

Earlier, the Korea Rural Economic Institute predicted that crop prices would rise in the fall due to poor weather conditions this year, such as heat waves and heavy rains.

With the early Chuseok holiday at the end of next month ahead, if demand soars for a short period of time, the perceived price of goods for the common people is expected to rise more steeply.

In addition, with Russia’s termination of the Black Sea grain agreement, international grain prices turned upward for the first time in three months, which is expected to affect domestic processed food prices in the second half of the year.

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