Price Increase
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Soaring Prices in South Korea: Heatwave Shrinks Harvests, Watermelons Reach $22
A heatwave in South Korea is causing agricultural devastation, leading to soaring prices for essential produce like watermelons, napa cabbage, and radishes. Watermelon prices have jumped 36.5% year-on-year and 22.5% in one week. Napa cabbage prices are up 27.4% weekly, and radishes 15.9%. Insufficient sunlight in June compounded the problem. The government plans to implement measures to stabilize supply and demand to address potential crop losses and control rising prices. Online, consumers are reacting to the increased prices.
