South Korea | Korean Pork Imports Up | Just published South Korean import fig...

South Korea

Korean Pork Imports Up

Just published South Korean import figures show that South Korea imported 9,770 mt of U.S. pork products in the first eight months of 2002, a 30 percent increase over the same period last year (6,746 mt). South Korea’s total pork imports increased from 63,778 mt in January–August, 2001 to 82,709 mt.

Domestic pork carcass prices reached a peak in June — 3,093 won/kg — at June 2002 but tumbled to 2,000 won/kg in September, due to abundant local supplies and a decreasing in consumption. Cheap bellies (4,000-5,000 won/kg) from the European Union (EU) have hit the prices of domestic product and other imports. ($1 = 1,224 won)

Click for USMEF Annual Board of Directors Meeting Information and Registration Form; November 6-8, 2002 - Long Beach, California