Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: Snowshoe	10/5/2010 5:05:11 AM
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Remember the rice panic a few years ago? Now there's a cabbage panic... Kimchi crisis leaves South Koreans hot under collar - Government officials scramble to respond to a cabbage shortage, reducing import tariffs and subsidizing consumers. latimes.com The jump in prices is part of an unsettling consumer trend, analysts say. Rising farm expenses have brought the largest one-year jump in fresh produce costs in two decades. The prices of lettuce, pumpkins and radishes have all risen more than 200% since this time last year, according to statistics from the Ministry of Strategy and Finance.

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