Squid, Hairtail, and Even Halibut Are on the rise... Seafood Prices 'Stirring' Ahead of Chuseok
4 Articles
4 Articles
Prices of major seafood such as squid, hairtail, and mackerel have risen across the board due to reduced catches and damage from high water temperatures. As price instability persists ahead of Chuseok, the Ministry of Oceans and Fisheries is implementing measures to stabilize supply and demand by releasing 20,000 tons of stockpiled seafood, including pollack.
(Seoul = Yonhap News) Reporter Han Joo-hong = Prices of major seafood products are on the rise, ranging from popular species such as hairtail and squid to flounder, which is mainly used for sashimi.
Prices for major seafood products, such as squid and hairtail, are rising across the board. This is due to the worsening supply conditions caused by a combination of declining catches, reduced imports, and damage to farmed fish caused by high water temperatures. If demand increases ahead of Chuseok, the burden on consumers' shopping baskets could also grow. According to the Korea Agro-Fisheries & Food Trade Corporation (aT) on the 30th, as of t…
With Chuseok approaching, concerns about "fishflation" are spreading as the prices of seafood, beloved by Koreans, are soaring.
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