South Korea’s consumer price index for agricultural and livestock products rose 2.9% in February compared to the previous month and 12.8% year-on-year, according to a report Thursday by the Ministry of Agriculture, Food and Rural Affairs (MAFRA). Fruit prices, led by apples and pears, surged 40.6% due to reduced production caused by weather-related factors. Vegetable prices also remained strong, while livestock prices fell 1.5% month-on-month but rose 1.1% year-on-year.

MAFRA expects agricultural product prices to improve after March as weather conditions stabilize and shipping areas expand. Livestock prices are projected to remain stable for beef, pork and chicken, with egg prices trending downward. However, apple and pear prices will likely remain high due to limited storage.