| Won | Pyongyang | Sinuiju | Hyesan |
|---|---|---|---|
| Exchange Rate | 8,130 | 8,110 | 8,125 |
| Rice Price | 5,770 | 5,740 | 5,800 |
Despite the lean season, referred to domestically as the "barley hump," during which grains typically get pricier in North Korea, prices are instead on a downward trend, Daily NK has learned.
Daily NKs sources within the country believe relaxed restrictions on marketplace activity under the Kim Jong Un regime has helped create a balance in the supply and demand of food by way of imports, narrowing the range of price swings even when the local supply dips during the barley hump.
People were quite worried about the economic sanctions from China but are now relieved to see that rice prices have not changed much, a source in Ryanggang Province told Daily NK, She reported that in her region, rice, which had been selling at 5,000 KPW (a kilogram) until just a few days ago, had dropped to 4,500 KPW; corn, which fetched 1,200 KPW, slid to 1,000 KPW; and pork prices fell about 1,000 KPW to 11,100 KPW.
More vendors now import rice, corn, etc. from China, so theres more than enough to go around even after making up for the shortfall in local supply during the barely hump, she added, explaining that the dip in rice prices is in large part due to the upcoming harvest of early potatoes and barley, as vendors look to offload their supplies.
Pork and other meats dont sell very well when the weather is hot, so theyre sold for lower prices because they are hard to keep refrigerated."
![]() *KPW per Kilogram |
The respective foreign exchange rates in Pyongyang, Sinuiju, and Hyesan, also indicate the local currency has strengthened slightly against the Chinese renminbi compared to last week.
![]() *KPW Exchange Rate |
In a few days, early potatoes are expected to be harvested in Samjiyon, Paegam, and Pochon Counties, and as such potato prices in the markets are dropping little by little, the source said. Last year, prices peaked because of the spring drought, but this year, things have remained stable despite the economic sanctions.
*Translated by Jiyeon Lee










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