Greens go through the roof as sun spoils crops
The ongoing heat wave has triggered a disastrous slump in vegetable crops, threatening shortages and higher prices. The prices of lettuce, spinach and some other green vegetables had almost doubled as of yesterday from last month, according to the retail industry.
Seoul Agricultural and Marine Products said the wholesale price of spinach surged by 118.5 percent to 25,762 won ($22.82) per four kilograms at Garak Market, a large wholesale food market in Garak-dong, Songpa District, in southern Seoul.
The price of spinach at the market is 41.9 percent higher than this time last year, when heavy rain had an even more disastrous impact on vegetable crops.
Green onions also increased to 2,195 won per kilogram, 39.5 percent higher than last month, while red peppers jumped 39.8 percent on-month and 28 percent on-year. Red peppers were trading at 47,720 won per 10 kilograms yesterday. Lettuce spiked 25.2 percent on-month to 19,630 won.
The domino effect of rising vegetable prices quickly became evident at E-Mart and Lotte Mart, the nation’s two major discount stores.
E-Mart raised the price of 300 grams of spinach by 32.9 percent from July, pricing it at 2,100 won yesterday. It also lifted the prices of green onions and radishes by 26.6 percent and 19.7 percent a bunch, respectively, leaving the former at 2,380 won and the latter at 2,130 won.
Lotte Mart doubled the price of 150 grams of lettuce to 2,000 won, and is asking consumers to fork out an extra 68.9 percent on radishes.
Industry officials said the supply of vegetables usually peaks in the summer, but the extraordinary weather conditions have had a catastrophic effect on leafy vegetable crops, which are especially vulnerable to the heat. They often wither at temperatures in excess of 35 degrees Celsius (95 degrees Fahrenheit).
“As crops continue to be hit by the hot weather, shipments of produce are expected to decline further this month,” said an employee at E-Mart.
Pumpkins and cucumbers are also seeing a supply dearth.
“The prices of fruits and vegetables are highly likely to keep rising,” said an employee at Lotte Mart.
By Kim Jung-yoon [email@example.com]
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