Fruit prices plummeted by over 10% within a week https://www.hankookilbo.com/News/Read/A2024032413510004005?did=NA After a significant government injection of funds, it has been revealed that retail prices for apples and pears have dropped by over 10%. However, wholesale prices remain more than double what they were a year ago, indicating that price strength is expected to persist until the summer fruit harvest. According to information from the Korea Agro-Fisheries & Food Trade Corporation (aT) on the 22nd, as of the 22nd, the retail price for 10 apples was 24,250 won, down by 11.6% from a week ago on the 15th. The retail price for 10 pears also decreased by 13.4% from a week ago to 39,312 won. The retail price for 1kg of tomatoes dropped by 12.9% to 7,107 won, and the retail price for 100g of strawberries decreased by 6.1% to 1,303 won. The retail price for 10 persimmons dropped by 2.8% to 12,280 won. https://www.hankookilbo.com/News/Read/A2024032413510004005?did=NA Retail prices refer to the prices at which goods are sold to consumers at large supermarkets, traditional markets, and similar outlets. The recent decline in retail prices is attributed to significant government discount support and promotional events in the distribution industry. To stabilize the prices of agricultural and livestock products, the government began injecting an additional emergency stabilization fund of 150 billion won starting from the 18th of last month, including support for delivery prices (75.5 billion won) and discounts (45 billion won). https://www.m-i.kr/news/articleView.html?idxno=1104120 As a result, compared to a year ago, retail prices for mangoes have dropped by 34.7%, bananas by 10.5%, strawberries by 10.0%, and pineapples by 4.9%. However, retail prices for apples are still 5.7% higher than a year ago, while pears are 44.4% higher, persimmons are 78.3% higher, persimmons are 17.8% higher, oranges are 8.3% higher, and tomatoes are 7.8% higher. https://www.ajunews.com/view/20240324100954376 For apples and pears, wholesale prices, which do not include discounts, are still more than double what they were a year ago. As of the 22nd, the wholesale price for 10kg of apples increased by 1.0% from a week ago to 91,780 won, while the wholesale price for 15kg of pears increased by 7.3% to 108,600 won. Wholesale prices are the prices at which wholesalers sell to retailers and consumers. The wholesale prices for apples and pears are 121.5% and 147.3% higher respectively compared to a year ago. Considering that the harvest season for apples and pears starts early, around July to August, it is expected that the prices of apples and pears will remain high for the foreseeable future. With ongoing efforts to monitor and manage fruit prices, coupled with consumer awareness and government intervention, we can strive for a more stable and equitable fruit market that benefits both producers and consumers alike. #FruitPriceDrop #ConsumerRelief #GovernmentSupport #MarketTrends #ApplePrice #PearPrice #BananaPrice #StrawberryPrice #PriceStabilization #EconomicAnalysis #SeasonalFluctuations #AgriculturalPolicy #과일가격인상 #사과 #배 #과일 All rights reserved Stay14 Bespoke
