This summer's heat wave has significantly increased the prices of some field crops, such as spinach, cucumbers, and zucchini. Leafy vegetables, which are vulnerable to high temperatures, have experienced reduced growth and a decline in marketability, leading to a decrease in shipments. Spinach prices have surged by 152% compared to the previous month, demonstrating a substantial impact. However, the Ministry of Agriculture, Food and Rural Affairs explains that the current production volume of major vegetables is increasing, resulting in lower-than-average price trends. On the other hand, livestock and farmed fish deaths due to the heat wave are occurring, raising concerns about 'heatflation'. The Ministry of Agriculture, Food and Rural Affairs is implementing measures such as expanding chicken supply and stockpiling purchases, while the Ministry of Oceans and Fisheries is supporting early harvesting of farmed fish vulnerable to high temperatures and holding seafood discount events to stabilize the market. With the Chuseok holiday approaching, fruit prices may also experience increased volatility due to the heat wave's impact.
