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    Home > Food News > Food Articles > The price of agricultural and sideline products in South Korea rose by 12.6% in the first half of the year, the largest increase in 30 years

    The price of agricultural and sideline products in South Korea rose by 12.6% in the first half of the year, the largest increase in 30 years

    • Last Update: 2021-07-31
    • Source: Internet
    • Author: User
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    Yonhap News Agency, Sejong, July 5th.
    A data released on the 5th by the Korean National Statistics Portal (KOSIS) showed that the price index of agricultural and sideline products from January to June this year increased by 12.
    6% year-on-year, the highest increase in 30 years
    .
     
    The price of agricultural and sideline products rose 10.
    4% in a single month in June, maintaining a double-digit increase for six consecutive months
    .
    In terms of category, spring onions soared by 156.
    6% in the first half of the year, the highest increase in the past 27 years
    .
    Apple's price (54.
    3%) also hit its highest value in 22 years
    .
    In addition, the prices of fruits such as pears (47%), peaches (43.
    8%) and persimmons (22%) and spices such as garlic (45.
    7%) and chili powder (34.
    9%) also rose sharply
    .
    Eggs rose by 38.
    9%, the largest increase in 4 years in 2017
    .
    The government imported more than 200 million eggs in the first half of this year, but the price of eggs has not fallen significantly
    .
     
      The analysis believes that the main reasons for the increase in the price of agricultural and sideline products are the deterioration of agro-meteorological conditions, the continued poor harvest of crops, and the drop in egg production caused by bird flu
    .
    Since the price of agricultural and sideline products is directly related to the price of the people's vegetable basket, the actual price increase felt by the masses will be even greater
    .

     
      According to the Ministry of Planning and Finance, with the recent shipments of spring products, the price of agricultural products in June fell for 4 consecutive months, and the price increase of agricultural and sideline products slowed down.
    With the restoration of egg supply in the third quarter and the recovery of food and fruit in the fourth quarter With the arrival of the harvest season, prices are expected to stabilize
    .
     
      In addition, the consumer price index rose 1.
    8% in the first half of the year, the highest increase in the four years since 2017
    .
    (Finish)

    Agricultural and sideline products
     
      The price of agricultural and sideline products rose 10.
    4% in a single month in June, maintaining a double-digit increase for six consecutive months
    .
    In terms of category, spring onions soared by 156.
    6% in the first half of the year, the highest increase in the past 27 years
    .
    Apple's price (54.
    3%) also hit its highest value in 22 years
    .
    In addition, the prices of fruits such as pears (47%), peaches (43.
    8%) and persimmons (22%) and spices such as garlic (45.
    7%) and chili powder (34.
    9%) also rose sharply
    .
    Eggs rose by 38.
    9%, the largest increase in 4 years in 2017
    .
    The government imported more than 200 million eggs in the first half of this year, but the price of eggs has not fallen significantly
    .
     
      The analysis believes that the main reasons for the increase in the price of agricultural and sideline products are the deterioration of agro-meteorological conditions, the continued poor harvest of crops, and the drop in egg production caused by bird flu
    .
    Since the price of agricultural and sideline products is directly related to the price of the people's vegetable basket, the actual price increase felt by the masses will be even greater
    .

     
      According to the Ministry of Planning and Finance, with the recent shipments of spring products, the price of agricultural products in June fell for 4 consecutive months, and the price increase of agricultural and sideline products slowed down.
    With the restoration of egg supply in the third quarter and the recovery of food and fruit in the fourth quarter With the arrival of the harvest season, prices are expected to stabilize
    .
     
      In addition, the consumer price index rose 1.
    8% in the first half of the year, the highest increase in the four years since 2017
    .
    (Finish)
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