Korean Kimchi crisis rushes up the price of Guangzhou cabbage carefully take the opportunity to stir-fry cabbage

On the Guangzhou market, recently "food is more expensive than meat." The crisis of kimchi spreading in Korea has escalated the price of northeast Chinese cabbage. As a result, the price of local Chinese cabbage in the market has continued to rise, even with other vegetables such as radish.

South Korea snaps up Chinese cabbage

According to foreign reports, South Korea continued to experience low temperatures in the spring, high temperatures in summer, and heavy rain in September, resulting in a reduction in the output of various types of crops, which led to a significant increase in the prices of fruits and vegetables. Not only cabbage, Korean radish and scallions have also increased in price, and they are also the main raw material for pickled kimchi. Due to the skyrocketing prices of these vegetables, the prices of kimchi sold in major domestic supermarkets in Korea have increased significantly. The South Korean government decided to urgently import 50,000 tons of Chinese-origin cabbage as a result of a serious shortage of cabbage in the Korean domestic market.

According to industry information released by the Ministry of Agriculture, Forestry, Fisheries and Food of South Korea, 50,000 tons of cabbage is equivalent to 50 days of domestic consumption in Korea. In the past, Korea imported the entire Chinese cabbage for the first time, although it also imported Chinese-made processed cabbage and kimchi. The Ministry of Agriculture, Forestry, Fisheries and Food of South Korea hopes to integrate the remaining 20,000 tons of cabbage in Korea and the imported cabbage to meet the large demand for cabbage in the kimchi season.

It is reported that the sales price of Chinese cabbage imported from China will be between KRW 2,000 and KRW 3,000 (approximately RMB 12 to RMB 18), which will be significantly lower than the current 10,000 KRW per tree (about RMB 60). The price of Korean cabbage.

According to the analysis, this temporary procurement decision of South Korea will inevitably impact the normal supply of China's domestic market. With the shortage of the market, the price of domestic cabbage will also have some fluctuations. In addition to this year’s “Millennium-cold” forecast, people in the northern regions who rely on winter cabbage may have to earn more cabbage money.

Guangzhou cabbage prices

In fact, the South Korean purchase of Chinese cabbage has already affected the price of cabbage in many cities. Comprehensive media news shows that prices of Chinese cabbage in the first-tier cities of Guangzhou and other cities have risen by 10%-50%.

According to local media reports in Lanzhou, which is the main origin of Chinese cabbage, the price of cabbage began to rise last week. The price of cabbage bought in the past year was about 1 centimeter. The highest price in these days has risen to 3 cents. The storage fee for short-distance freight, labor, and storage was calculated. The price of a pound of cabbage sold to retailers was 3 cents. It rose to 5 cents. It is understood that the local cabbage has been on the market since May, and until the purchase price of cabbage was stable a few days ago, why did the prices rise suddenly? According to local farmers, many vegetable companies have already started selling cabbage after they have prepared to raise their prices.

As a result, the price of cabbage in Guangzhou has also risen. The reporter saw at the Lexiu meat market on Nanzhou Road last weekend that the price of cabbage has risen to 2.5 yuan to 3 yuan/kg. According to the stall owner, the price of cabbage has started to rise since the National Day, and it is still rising slightly. At present, most cabbages are shipped from Northeast China and Lanzhou, and it is expected that Shandong cabbage will be listed in bulk in November. However, stall owners are not optimistic about prices because they have been booked by Koreans and will certainly be shipped to Guangzhou. Now.

However, with the increase in prices of vegetables from other regions, local foods have begun to be marketed, and the prices of local leafy vegetables such as oiled wheat, Chinese cabbage, lettuce, and leeks are also falling, and consumers can have more alternatives.

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Careful capital

Kimchi crisis with fried cabbage

Insiders pointed out that for the Chinese vegetable industry with an annual output of several hundred million tons, the demand for tens of thousands of tons in South Korea will have little impact on the Chinese market. According to reports, prices will rise every year until the end of the centralized listing of Chinese cabbage, which was particularly serious last year because of the loss of production due to ice and snow.

With Korea as the first source of imported cabbage, it will be possible to attract various sources of capital to join the ranks of fried cabbage, and to build momentum ahead of the concentrated listing period. Some analysis shows that although there are no indications that as early as last year, the ice and snow will come down earlier and lead to a decrease in cabbage production, the weather in the “Millennium-cold” winter is expected to gradually reduce the production of Chinese cabbage.

According to data released by the National Bureau of Statistics last week, domestic cabbage prices did not rise or fall in the first half of this month, and fell 1.9% from the end of September. Another data shows that South Korea eats 365,000 tons of cabbage a year. In Shandong alone, there was more than 11 million tons of cabbage produced, enough for Koreans to eat for 30 years.

Since the beginning of this year, the speculation of hot money on agricultural products has risen one after another. In addition to domestic hot money, more new international speculators have pushed for it. Therefore, there are many opinions that after you raise the price of agricultural products such as garlic and beans, you must be alert to cabbage as another goal of hot money speculation.