Fermented Shrimp Prices Surge 30% in Korea, Offsetting Cabbage Price Relief for Kimchi Season
Koreas fermented shrimp prices surged 30% year-on-year, offsetting a 14.1% cabbage price decline, creating uncertain cost outlook for annual kimchi-making season.
Key points
- Korean fermented shrimp prices surged 30% YoY, offsetting 14.1% cabbage price decline
- CJ CheilJedang and Dongwon F&B face Q4 input cost pressure from kimchi ingredient price divergence
- Watch November food CPI and BOK policy commentary for macro impact of seasonal food inflation
How do you see this playing out for markets? Discuss below.
Read the full analysis on market.news
🇰🇷 South Korea General Economic Data inflation cpi consumer agriculture asia