Korean Kimchi Crisis Pushes up Cabbage Price
    2010-10-13 13:14:14     CRIENGLISH.com      Web Editor: haodi
 

The picture taken  in Seoul, capital city of South Korea, on Oct. 5, 2010 shows an elderly man bought cabbages on sales offered by the government.[Photo:Xinhua]

South Korea's shortage of cabbage, an indispensable ingredient of its popular national dish kimchi, has caused cabbage prices to rise in China, the "Guangzhou Daily" reports.

Because of growing demand from South Korea and unfavorable weather this year, cabbage prices in northeast China have risen to about 850 yuan per ton (US$130) from 550 yuan per ton (US$80) in the first half of the year .

Even in south China's Guangzhou city, relatively far from South Korea, cabbage prices have increased 12 percent over the past month, the report said.

The price increase has presented huge business opportunities for Chinese cabbage growers and exporters. Shandong, the province nearest to South Korea, has become the best locale for cabbage buyers and exporters.

But insiders point out that the price hike is temporary and a significant increase in next year's cabbage supply must be avoided.

With the season for making kimchi approaching, South Koreans have seen an increase in cabbage prices as well, which have risen nearly sixfold compared to prices during the same period last year.

Soaring inflation in South Korea has also contributed to the so-called kimchi crisis, the report said.

China exported a limited number of cabbages to South Korea in past years because of a previous import tax, the report said.

Share

                  


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. All rights reserved. Reproduction of text for non-commercial purposes only is permitted provided that both the source and author are acknowledged and a notifying email is sent to us.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

 
Editor's Pick more »

Chinese Press more »

Talk to CRI


M Zone
Tiger Wong Back with Her New Album 'Simple Or Not'
Taiwanese singing star Tiger Wong was back in Beijing on November 27 and 28 for two good reasons.
Duggy Day's Ski Trip to Wanlongbayi
On Sunday November 21st CRI's Duggy Day headed out to Wanlongbayi which is located west of Beijing.
More>>
• China
China News
Chinese Press
Diplomatic
Society
Gallery
• World
Asia-Pacific
Europe
Americas
Middle East
Africa
• Video
Traveller
Culture Heritage
Beyond Stardom
Dynamic China

Life 360
Panoramic Sports
• Radio
Highlights
Livecast
Ways to Listen
• Business
Audio
Markets
Editor's Choice
Biz Photo
Special Coverage
• Travel
Destinations
Editor's Pick
What's in
On the Road
• Showbiz
Chinese Films
Music & Stage
Art & Literature
Video
Photo Gallery
Special Coverage
• Language Learning
Ask Pingping and Jules
Chinese Studio
Elementary Chinese
Pop Charts
English News
English Snippets