Price of Rice Rises Sharply

  • Arirang News

    June 11, 2021 08:25

    The price of rice has increased sharply for six consecutive months.

    That has pushed up the prices of many products that are made from the staple, including certain alcoholic beverages.

    Statistics Korea said on Thursday the rice price was up 14 percent on-year. The price of makgeolli, or traditional Korean rice wine, rose almost 15 percent, the biggest hike in more than 22 years.

    A woman shops for rice at a superstore in Seoul on Thursday. /Newsis

    Rice cakes increased by 4.7 percent and instant rice by 3.2 percent.

    The price rises are mostly due to last year's long monsoon season and a series of typhoons that hurt the harvest.

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