Qingdao, a coastal city in East China's Shandong province, is expected to export more processed kimchi to South Korea this year due to local vegetable price increases and inflation, and the trend has fueled business growth of more enterprises in Qingdao. In 2022, Qingdao is expected to export 270,000 tons of kimchi to South Korea, accounting for more than half of the country's annual demand.
Vegetable prices in South Korea have spiked this year and foodstuffs imported from China have been increasingly appearing on dinner tables there. Due to extreme weather such as high temperatures, torrential rains and typhoons in South Korea, the average price of cabbage has surged to nearly 10,000 South Korean won ($7.2) per head, as a result of devaluation of the local currency and other reasons.
Source: chinadaily.com.cn
