Go Search Go Contents Go to bottom site map

Food prices in N. Korea's flood damaged area doubles: report

2016/09/22 12:03

SEOUL, Sept. 22 (Yonhap) -- Food prices in North Korea's northeastern region, which has been hit by devastating floods, have doubled due to the slow pace of recovery and poor distribution networks, U.S.-based media Radio Free Asia (RFA) reported Thursday.

Citing a report by Japanese media outlet Asia Press, the RFA said the country's northern cities of Hoeryong and Namyang are experiencing a spike in rice and corn prices which soared to 8,000 won (US$7.24) and 2,000 won per kilogram, respectively, from 4,300 won and 1,000 won before the worst-ever floods in decades. The flooding caused severe property damage with many people being reported dead or missing.

The Japanese media said there is a likelihood that other commodity prices will likely soar following rice.

Jiro Ishimaru, who heads the Osaka office of Japan's Asia Press, told the RFA that rice prices rose rapidly as the transportation situation in the flood-damaged area is very serious, with the railroads and overland routes being almost blocked. The official said the lack of transportation means is leading to poor distribution of food and commodities.

Ishimaru, in addition, warned that water shortage and sanitary problems will also follow due to a shortage of personnel equipment needed to speed up recovery.

(END)

angloinfo.com