In South Korea, following governmental financial interventions, retail prices for fruits such as apples and pears have seen a decrease exceeding 10%. Despite this reduction at the retail level, wholesale prices remain substantially elevated, more than doubling from the previous year's figures, with expectations of further strengthening ahead of the summer's fresh fruit shipments.
Recent data from the Korea Agro-Fisheries & Food Trade Corporation (aT) highlighted the drop in retail prices for various fruits. For instance, the price for 10 apples decreased by 11.6%, while pears saw a 13.4% reduction. Other fruits, including tomatoes and strawberries, also experienced price declines. Conversely, the retail prices for oranges and mangoes witnessed slight increases.
The decrease in retail prices is attributed to a combination of government discount support and promotional events within the distribution sector. Despite these measures, certain fruits like apples and pears have seen their wholesale prices soar, unaffected by retail discounts. This discrepancy points to ongoing challenges in stabilizing fruit prices amidst fluctuating market conditions.
Source: mk.co.kr
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