select languages
latestnewslatestnews RSS
Home > Business > Industry
Prices of agricultural imports leap in July
SEOUL, Aug. 11 (Yonhap) -- Import prices of major agricultural goods surged last month from a month earlier, adding to South Korea's already skyrocketing consumer prices, a report said Thursday.

   According to the report by the Korea Customs Service, the average import price of pumpkins jumped 59.4 percent from a month earlier to 1,207 won (US$1.11) per kilogram. The price also marked a 38 percent spike from the same period last year.

   Import prices of carrots and ginger also jumped 23.1 percent and 41.5 percent, respectively, from the previous month.

   The price of white cabbages, the main ingredient of the country's traditional dish kimchi, on the other hand, dropped 29.2 percent on-month as the country temporarily removed all import tariffs on cabbages and four other farm products, including radishes, until the end of next month.

   The removal of import duties on the five farm products, also including pork, came as the South Korean government is trying to get a handle on soaring consumer prices.

   South Korea's consumer prices jumped 4.7 percent on-year last month, surpassing the government's annual inflation target of 4 percent for the seventh straight month.