In South Korea, the government's recent actions to stabilize the agricultural market are showing results, with notable decreases in the retail prices of apples and pears. The Korea Agro-Fisheries & Food Trade Corp. reported a significant drop in the price of 10 Fuji apples, marking a 21 percent decrease from the previous week. The price for 10 Shingo Asian pears has reduced by 3.6 percent as well.
These adjustments come in the wake of the government's announcement of comprehensive measures aimed at curbing agricultural price volatility, including combating excessive price surges and market manipulation.
President Yoon Suk Yeol emphasized the government's commitment to these measures, stating, "We will fully implement policies for delivery price and discount support without limitations on duration, items, or scale until agricultural prices stabilize to the level of normal years."
Source: pulsenews.co.kr