South Korea is looking to export its strawberries to other Asian countries such as Hong Kong, Thailand, and Vietnam after a successful pilot with export flights to Singapore.
Since December 2020, South Korea has conducted 88 flights with a frequency of four times a week for five months to export some 960 tons of strawberries to Singapore.
It covered around 91 percent of South Korea's total strawberry exports.
The local Ministry of Agriculture, Food and Rural Affairs (MAFRA) piloted the strawberry-only export flights to Singapor after the pandemic left South Korea's strawberry industry struggling to sell its products or get them overseas.
Consequently, South Korea's strawberry exports to Singapore increased from around US$12.5 million between December 2019 and April 2020 to around US$15.2 million between December 2020 and April 2021 despite the pandemic, according to MAFRA.
MAFRA now plans to expand its premium export market targets to include more Asian countries.
The strategy could also boost local incomes as it eases the burden of transportation costs and expenses for both farmers and exporting firms.
South Korea has been suffering from a series of bad weather events that culminated in a shortage of various food items and pushing prices up.
As such, local demand for expensive fruits such as premium strawberries is unlikely to increase any time soon, prompting the industry to seek new markets willing to pay a premium such as Hong Kong and Thailand.


Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
Taiwan Says Moving 40% of Semiconductor Production to the U.S. Is Impossible
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 



