Kimchi Crisis China Needs to Wake Up
A few months later, Chinese cabbage and pork has been pulled together. However, the status of the change between the two, not the price of pork sold to the cabbage, but cabbage, pork prices is likely to sell out.
As the weather factor, since October, South Korea, kimchi into a crisis. One of the main raw materials as cabbage kimchi prices suddenly soared. It is reported that the supermarket in Seoul, a Chinese cabbage prices have once reached 1.5 million won. Recently, despite the drop, but prices are still up to a 12,000 won, the price doubled when compared with August, compared to last year, more than 6 times higher.
Fully aware of the people can not do without kimchi, the Korean government to take immediate measures, declared that 30% of the temporary lifting of Chinese cabbage, white radish 27% of the import tariffs. China imported 100 tons from both cabbage meet their urgent needs. Then there are media reports, the Korean government decided to import 50,000 tons of emergency recently made whole grain cabbage. However, if 50,000 tons are tax-free, the report did not mention.
This news came out, the Chinese cabbage opportunity has now seen the reports in major newspapers beginning. Closer to the provinces, according to South Korean farmers / dealers have grin. However, had to wake-up call is high in vegetables in China, whether to take on this task; Korean kimchi crisis will not transfer to China?
South Korean imports of Chinese cabbage’s decision is temporary, is likely to impact on the normal supply of the domestic market. Once the market shortage, the domestic price of Chinese cabbage will also fluctuate, depending northern winter cabbage people, perhaps to spend more money than usual, to buy their own winter cabbage need a.
South Korea at a distance closer to Qingdao, this concern has become a reality. Manager Li Qingdao, a food company told local media interview, said the company has recently been purchased from the northeast Chinese cabbage, Chinese cabbage yield the northeast region is limited, demand is so big, so the cabbage prices is inevitable. First half of the price of cabbage is maintained at 550 tonne per month, recently rose to 850 yuan per ton, up 300 yuan per ton.
Jiaozhou Institute Jingsuo Zhang also known as Chinese cabbage, Chinese cabbage by the weather this year, domestic factors also suffered a cut, is now listed on the situation in Northeast Chinese cabbage was cut, and how to cut cabbage Qingdao much have to wait until 20 days after can be determined. He said the end of last year, Chinese cabbage concentrated market, substantially higher price is expected to cut production this year with Korean customers to buy, the price may be double than last year.
Unlike the trade, agricultural analyst at the East High Iger Wang in the “China’s Sankei Shimbun,” an interview that the annual output of up to several million tons for the vegetable industry in China, Korea needs a few tons of cabbage that just “drop in the bucket” for China’s vegetable market not produce much impact. Moreover, in recent years, China’s vegetable production has stabilized, there is a gap between supply and demand, said. Even if the occasional phenomenon is only temporary shortage of one or a few vegetables for the purpose.
The amount of several million tons is not a lot, to the national market, the impact of questioning how much. This year the production of cabbage is quite good and did not experience unusual weather. Recently, the possibility of snow is not large, cabbage will not be buried by snow last year, the tragic story of the ground. Therefore, supply is still relatively abundant.
Wang also made high, although prices of vegetables, kimchi in Korea crisis will not lead to much fluctuation, but also South Korea’s kimchi crisis has brought a lot of wake-up call. Past two years, due to weather and other factors, the cost of growing vegetables in China rising. Seeds, fertilizer, infrastructure, labor and other costs in recent years, growing vegetables. Vegetable storage and transportation costs are also steadily increasing, including freezing, warehousing, oil and many other factors. Meanwhile, China is still confusion in the circulation area, the layers of exploitation of farmers by middlemen make the money are not many. Vegetable prices and excess domestic liquidity, inflation pressures are directly related. This year, China will continue to implement appropriate monetary policy, the currency also contributed a large amount of factors that increase the overall price level. Several factors mentioned above, but also kimchi crisis several important reasons.
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