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14 October 2010

Kimchi Prices Rise Government Promises Action!

Kimchi Prices Rise, Government Promises Action
SEOUL, South Korea — Even in the middle of a loud and bustling outdoor market, her voice drops to a whisper when she agrees to reveal the two secret ingredients that make her kimchi so popular with her customers.

“Fermented-anchovy paste and pickled-prune sauce,” says Kim Gil-soo, looking warily, both ways, down the alley in front of her store, called Prosperity.
“I special-order the sauce from a certain place in the countryside,” she said, still whispering. “I’m quite well known for my kimchi.”
But recent sales have been disappointing, Mrs. Kim said, because of an unavoidable spike in the price of her kimchi, the fiery and pungent Korean national dish that typically combines cabbage, radishes, red chili peppers, garlic and salt. The price for one head of long-leafed Napa cabbage grown in Korea has skyrocketed in the past month, to as much as $14, from about $2.50. Domestic radishes have tripled in price, to more than $5 apiece, and the price of garlic has more than doubled.

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