Agricultural Markets
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China: Per Capita Watermelon Consumption Nears 50kg Annually, Korean Netizens Envy Affordable Prices (KRW ₩15,100 per melon)
China dominates global watermelon production, accounting for 60% of global output. This contrasts sharply with South Korea, where watermelons are considered a luxury. Recent heatwaves in South Korea have caused watermelon prices to surge, reaching approximately $22 USD each, a 36.5% increase year-over-year. Analysts predict further price increases, highlighting the disparity in watermelon affordability and availability between the two countries and raising questions about trade and climate change impacts on agricultural markets.
