South Korea food prices surge as heat wave kills 9 lakh livestock
Synopsis
Key Takeaways
South Korea is facing a sharp rise in food prices after a severe and prolonged heat wave battered agricultural output, according to data released on Sunday, 9 August. The crisis spans vegetables, poultry, and fish — signalling broad-based heat-driven inflation that analysts warn could deepen into September.
Vegetable Prices Spike
The retail price of 100 grams of spinach surged 152.3 per cent compared to the same day a month earlier, according to data from the Korea Agro-Fisheries and Food Trade Corporation. The price of 10 cucumbers climbed 54.8 per cent over the same period, while 100 grams of blue lettuce jumped 41.7 per cent.
An official from the agriculture ministry explained the mechanism: 'Vegetables such as spinach, cucumbers and zucchinis grow well in cool temperatures and tend to surge in prices as their supply drops in the summer season.' Green vegetables are particularly vulnerable to high temperatures, making summer heat waves a recurring supply shock for South Korean consumers.
Livestock and Fish Farms Hit Hard
The scorching heat has devastated farms beyond the fields. As of Friday, a total of 9,01,602 livestock had died due to the heat wave, with 95 per cent of casualties being poultry — chickens and ducks — according to the latest agriculture ministry data.
At aquaculture farms, 8,64,497 fish were reported dead due to warming ocean temperatures as of the same date. The losses have pushed up fish prices: the average auction price of 1 kilogram of flounder reached 22,300 won (approximately USD 15.84) between 27 July and 1 August, up 2.29 per cent from the previous week and 13.2 per cent higher than the same period last year, according to data from the National Federation of Fisheries Cooperatives.
Prices Expected to Rise Further in September
Industry watchers caution that the worst may be ahead. 'The effect of high water temperatures has just begun, and we expect it to be most pronounced in September. Especially flounders and rockfish will continue to be sold at high prices,' an industry observer said. Sea temperatures cool more slowly than land temperatures, meaning fish supply disruptions are likely to persist even after the heat wave subsides on land.
Government Response
Amid growing concerns over heat-driven inflation, authorities have launched measures to contain the price surge. These include increasing imports of broiler chickens and expanding promotional discount events for fish at retail stores. The extreme heat wave, which pushed midday temperatures as high as 40 degrees Celsius early last week, was forecast to ease on Sunday, with daytime highs expected to drop to around 34 degrees Celsius. However, the economic aftershocks of the prolonged heat are expected to outlast the weather event itself.