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Briefings Government steps in as South Korea’s food price surges due to weather woes Fruit and vegetable prices are surging in South Korea after a severe heat wave followed by torrential rains damaged vast swathes of farmland. About 77 square miles of farmland have been flooded, and more than 561,000 livestock animals were killed, according to the agriculture ministry. In response, the ROK agriculture ministry has designateda number of agricultural and livestock products for discounts in a bid to stabilize prices following the monsoon rainfall. Discounts of up to 30% will apply for lettuce, spinach and chicken at discount chains and traditional markets. The government plans to address a chicken supply shortage © Korea Risk Group. All rights reserved. |





