The Price of Spanish Pork Belly Shipped to the Korean Market Increased by 8% In 3 Weeks

One of the largest Spanish pig slaughterhouses in Europe has shipped 30 FCL of Pork Belly Single Rind Off to the Korean market. The deal was closed at USD 5.30/kg CIF in W10, an increase of 8% from USD 4.90/kg CIF in W7. The increase in pork price is mainly due to the increase in live pigs' cost of around 16% in the last two months and the decrease in production in Europe.