Cabbage Crisis: South Korea's Battle Against Soaring Kimchi Prices
South Korea's government is releasing 24,000 tonnes of cabbage from national stocks to combat price surges during peak kimchi-making season, caused by unusually hot weather. Napa cabbage thrives in cooler climates, but record high temperatures raised concerns about supply disruptions, prompting heightened agricultural intervention.
- Country:
- South Korea
Facing an unprecedented surge in cabbage prices this kimchi-making season, South Korea is stepping in to mitigate the crisis. The government has announced a release of 24,000 tonnes of cabbage from national reserves to stabilize markets impacted by extreme summer heat affecting crop yields.
Historically, the South Korean government implements measures each November to stabilize prices of cabbage and other crucial kimchi ingredients. This year, however, fear of intensified supply chain disruptions has prompted the country to boost its cabbage supply by 10%, in response to record-breaking summer temperatures that crippled production.
The climate, historically favorable for napa cabbage, appeared unforgiving this season, with soaring temperatures unsettling the traditional growing regions, leading to skyrocketing wholesale prices. The agricultural ministry revealed plans to improve stockpiling technology and facilities to counter future disturbances, addressing concerns over the long-term impacts of climate change on napa cabbage cultivation.
(With inputs from agencies.)
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