The Korea Herald

소아쌤

Import farm price index hits 7-year low in April

By KH디지털2

Published : May 27, 2015 - 10:29

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Prices of imported farm products hit the lowest level in more than seven years in April mainly due to a drop in international grain and vegetable costs, government data showed Wednesday.

According to the data by the Korea Customs Service, the price index for imported farm produce stood at 95.1, down 1.9 percent from 96.9 the month before and 98.1 tallied a year earlier.

It was the lowest reading since 89.9 reached in December 2007.

The service said the drop was mostly due to weaker prices for key staples, such as grain.

While prices for grain, vegetables and some fruit fell, those for spices like garlic and ginger, as well as for processed foods, such as flour, rose.

The KCS said that the index for fishery products stood at 98.5, down 1.9 percent from March, and up marginally from 98.3 reached the year before.

The index for imported meat prices jumped 8.7 percent on-year to 146 but fell 4.8 percent from the month before.

For all farm, meat and fisheries products, the import price index stood at 105.9, down from 108.7 reached in March. The number, however, represents a 1.3 percent gain from 104.5 reported for April 2014, according to the data. (Yonhap)