South Korea's producer prices dropped for the first time in four months in June due to a decline in global oil prices and a dip in the prices of farmed goods. 

According to the Bank of Korea(BOK) on Friday, the producer price index for all commodities came to 103-point-49 last month, down point-three percent from the previous month.

The BOK said the drop was mainly led by a point-six percent on-month decrease in producer prices of industrial goods due to a decline in global oil prices.

Producer prices of farmed goods, including fisheries, declined point-five percent on-month due to a large increase in output. 

Prices of computers, electronics and optical instruments fell point-four percent last month due to a five-point-three percent on-month decline in prices of dynamic random access memory(DRAM) chips. DRAM prices fell for the eleventh consecutive month in June.