PUBLISHED: 04:54, Thu, Dec 3, 2020 | UPDATED: 04:54, Thu, Dec 3, 2020
In January the border between China and North Korea was sealed in a bid to prevent the spread of coronavirus. However this has also had profound economic consequences and reduced the supply of many products.
The North Korean regime had fixed the market price of key food products like rice but this has now been abandoned.
As a result costs have been rising rapidly sparking famine fears.
Between 1994 and 1998 several million North Koreans were killed when the country was hit by famine.Insurance Loans Mortgage Attorney Credit Lawyer
The disaster is believed to have killed around ten percent of the country’s population.
"With food prices rising day after day, people's anxiety is giving way to fear" (Image: GETTY)
North Korea has shut its borders to fight coronavirus (Image: GETTY)
According to one source, speaking to Radio Free Asia (RFA), rice prices have increased from 4,000 won per kilogram to as much as 8,000 won since mid-November.
The average North Korean salary to those in state employment is also around 4,000 won.
RFA spoke to a resident of North Hamgyong province, in north-east North Korea, who described the ongoing price rises.
They said: “Here in the city of Chongjin, food prices are rising every day in the marketplaces.
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North Korea has yet to officially admit to any coronaivrus cases (Image: GETTY)
“They had been stable under authorities’ price controls, but the sudden sharp rise is increasing anxiety among the people.