South Korea is importing cabbage from China to stabilize domestic prices amid rising costs and supply concerns.
This decision comes as local cabbage production has been affected by adverse weather conditions, leading to increased prices in the market. By sourcing cabbage from China, South Korea aims to ensure a steady supply and mitigate price volatility, ultimately benefiting consumers and maintaining market stability.
Citations:
[1] https://apps.fas.usda.gov/psdonline/circulars/oilseeds.pdf
[2] https://www.pwc.com/ng/en/assets/pdf/unlocking-ngr-agric-export.pdf
[3] https://lightcastlepartners.com/insights/2021/12/agro-processing-on-the-rise-how-the-government-is-helping-it-thrive/
[4] https://www.finance.gov.pk/survey/chapter_24/2_agriculture.pdf
[5] https://downloads.usda.library.cornell.edu/usda-esmis/files/j098zb08p/xk81m946n/f76254375/OCS-24h.pdf
[6] https://www.fastmarkets.com/insights/argentinas-weekly-soybean-corn-sales-up-for-2024-25/
[7] https://fas.usda.gov/data/argentina-oilseeds-and-products-annual-8
[8] https://www.agricensus.com/Article/Argentina-to-harvest-143-2-mln-tonnes-of-grains-oilseeds-in-2024-25-up-9-3-37736.html