Core Insights - Agricultural product prices in South Korea are experiencing significant increases due to recent high temperatures, with some items rising over 40% compared to the same period last year [1] Price Changes - As of August 1, the price of watermelons reached 33,337 KRW (approximately 173 RMB), marking a year-on-year increase of 17.6% [1] - The retail price of a single cabbage has reached 6,114 KRW (approximately 31.7 RMB), which is a 68.0% increase from the previous month [1]

Core Insights - South Korea is experiencing a heatwave, leading to significant price increases in various agricultural products, including watermelon, cabbage, and radishes [1] Price Trends - The average retail price of watermelon reached 29,115 KRW (approximately 151 CNY) as of July 11, marking a 22.5% increase from the previous week, a 36.5% increase year-on-year, and a 38.5% increase compared to the average over the past five years [1] - The average retail price of cabbage is now 4,309 KRW (approximately 22.4 CNY), which is a 27.4% increase from the previous week [1] Market Expectations - Retail industry experts anticipate further increases in watermelon prices due to heightened demand driven by the ongoing heat and slow growth caused by insufficient sunlight in June [1]