January 15, 2020 13:38
It would cost 15 percent less to prepare the ancestral ritual table for Lunar New Year if groceries are bought in open-air markets instead of supermarkets, the Seoul Agro-Fisheries and Food Corporation said Tuesday.
Base on a study of prices of food products in 50 open-air markets and 25 superstores in Seoul, it said that it will cost some W188,000 to prepare an ancestral table with ingredients from traditional markets and W220,000 from superstores (US$1=W1,159).
The cost rose 5.4 percent since last year from open-air markets, but fell 1.6 percent from superstores.
Overall, prices of vegetables and seafood have risen due to a decline in yield, while fruit prices have fallen.
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