Food inflation is now showing itself in a 20% rise in seaweed prices compared with last year.
Dried seaweed is a soup staple and roasted seaweeds and sushi are gaining popularity. Non-financial factors such as typhoons and unseasonably warm weather have hit farming and limited supply this year. But this probably does not fully explain the jump in seaweed prices.
Business Standard reports that as more people move off the land, farmers who have stayed put enjoy more pricing power.