Fresh Whole Beef Prices in South Korea Surge 61.97% YoY in Nov-23 Due to Lumpy Skin Disease Outbreak

Fresh Whole Beef

Published Nov 30, 2023

In W48, the average wholesale price of fresh whole beef (Hanwoo 3C) in Bucheo in Gyeonggi Province, South Korea, reached USD 8.95/kg, a significant 61.97% YoY surge. The price increase is attributed to the outbreak of lumpy skin disease, which disrupted beef-related economic activities. Beef prices are expected to remain elevated in the coming months.

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