{"id":49936,"date":"2021-11-19T15:02:52","date_gmt":"2021-11-19T06:02:52","guid":{"rendered":"https:\/\/www.dailynk.com\/english\/?p=49936"},"modified":"2021-11-19T15:07:28","modified_gmt":"2021-11-19T06:07:28","slug":"north-korea-food-prices-fall-new-goods-hit-market","status":"publish","type":"post","link":"https:\/\/www.dailynk.com\/english\/north-korea-food-prices-fall-new-goods-hit-market\/","title":{"rendered":"North Korea&#8217;s food prices fall as new goods hit the market"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The market price of rice in North Korea recently fell from around KPW 5,000 a kilogram to around KPW 4,200 to 4,500 per kilogram, Daily NK has learned.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A Daily NK source in Yanggang Province said Wednesday that, after falling slightly earlier this month, food prices in markets in Hyesan have recently fallen even further.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the source, rice was selling at KPW 4,200 a kilogram and corn at KPW 2,100 in Hyesan markets from Nov. 8. This essentially amounts to 28.8% and 8.7% drops in prices from the previous week, respectively, when the prices were KPW 5,300 and KPW 2,300.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In major cities such as the capital Pyongyang and Sinuiju in North Pyongan Province, rice prices have dropped as well.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In Pyongyang, the price of rice recently fell from KPW 4,900 on Nov. 1 to KPW 4,500, while in Sinuiju, it fell from KPW 4,900 to KPW 4,550. However, the price of corn has held steady at KPW 1,900 in both cities.<\/span><\/p>\n<figure id=\"attachment_40900\" aria-describedby=\"caption-attachment-40900\" style=\"width: 696px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-40900\" src=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2019\/06\/\ubaa8\ub0b4\uae30_20190524-1024x550.jpg\" alt=\"Rice planting in North Korea\" width=\"696\" height=\"374\" srcset=\"https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2019\/06\/\ubaa8\ub0b4\uae30_20190524-1024x550.jpg 1024w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2019\/06\/\ubaa8\ub0b4\uae30_20190524-300x161.jpg 300w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2019\/06\/\ubaa8\ub0b4\uae30_20190524-768x413.jpg 768w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2019\/06\/\ubaa8\ub0b4\uae30_20190524-696x374.jpg 696w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2019\/06\/\ubaa8\ub0b4\uae30_20190524-1068x574.jpg 1068w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2019\/06\/\ubaa8\ub0b4\uae30_20190524-781x420.jpg 781w, https:\/\/www.dailynk.com\/english\/wp-content\/uploads\/sites\/2\/2019\/06\/\ubaa8\ub0b4\uae30_20190524.jpg 1200w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" \/><figcaption id=\"caption-attachment-40900\" class=\"wp-caption-text\">Rice planting in North Korea. \/ Image: Rodong Sinmun<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Worth noting is that rice is cheaper in Hyesan than it is in Pyongyang or Sinuiju. The price of rice in Hyesan is usually higher than in the other two cities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The source said big container trucks laden with food have recently been arriving in Hyesan from Pukchang, South Hamgyong Province. These supplies of food have apparently impacted prices in Hyesan as they hit the market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The price of rice in Pukchang has dropped to KPW 3,800 a kilogram, or otherwise in the KPW 3,000 range. Corn is selling at KPW 1,800 a kilogram, slightly cheaper than in other regions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among the major reasons for the falling food prices is the fall harvest. Prices are dropping as farmers in need of money begin selling food in the market during the October and November harvest season.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the source said some locals and <\/span><i><span style=\"font-weight: 400;\">donju <\/span><\/i><span style=\"font-weight: 400;\">\u2014 the country&#8217;s wealthy entrepreneurial class \u2014 are hoarding food as food prices fall. However, he said they are doing so carefully as the government is cracking down on bulk purchases of food.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The source further speculated that with locals buying up food in fear of food shortages next year, food prices may begin to rise again soon.<\/span><\/p>\n<p><em>Please direct any comments or questions about this article to dailynkenglish@uni-media.net.<\/em><\/p>\n<p><em><a href=\"https:\/\/www.dailynk.com\/%e5%8c%97-%ec%8b%9c%ec%9e%a5-%ec%8c%80%ea%b0%92-4000%ec%9b%90%eb%8c%80-%ec%b4%88%ec%a4%91%eb%b0%98%ec%9c%bc%eb%a1%9c-%ed%95%98%eb%9d%bd-%ec%82%ac%ec%9e%ac%ea%b8%b0-%ed%98%84%ec%83%81\/\">Read in Korean<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The market price of rice in North Korea recently fell from around KPW 5,000 a kilogram to around KPW 4,200 to 4,500 per kilogram, Daily NK has learned.\u00a0 A Daily NK source in Yanggang Province said Wednesday that, after falling slightly earlier this month, food prices in markets in Hyesan have recently fallen even further.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":132,"featured_media":41618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wikipediapreview_detectlinks":true,"footnotes":""},"categories":[67,645],"tags":[],"class_list":["post-49936","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v28.1) - 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