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

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.