South Korean chestnuts offer opportunities for California firm
South Korean chestnuts offer opportunities for California firm
Titan Foods Inc., a Los Angeles-based food distribution company, has begun shipping South Korean chestnuts into the United States and has found great success largely because of their competitive price advantage. Raj Makkad, the firm's vice president, said that Italy is the leading exporter of chestnuts to the United States, but South Korean chestnuts are typically about 40 percent less in price at the wholesale level. Chestnuts are a fairly expensive item, with Mr. Makkad stating that they retail for $1.50 to $4.50 per pound depending upon the point of origin and most important, the size of