Pork carcass price in South Korea is expected in July by 5700-5900 won per kg

Published 2022년 7월 7일

Tridge summary

The Korea Meat Distribution and Export Association predicts an increase in pork carcass prices, expected to range from 5700-5900 won per kg (excluding Jeju), due to rising summer vacation demand despite a decline in household consumption caused by high interest rates, stock market downturns, and real estate price hikes. The association also noted a shift towards cheaper meat options and more frozen meat purchases. In June, Korea imported over 35,000 tons of pork, mainly from Spain and the Netherlands, marking a 45.4% increase compared to the same period last year. Additionally, concerns about global feed prices have been raised due to potential price hikes in Japan and reduced pig feed in the EU, which could impact pork supply and prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price of pork carcass is expected to show an upward trend as demand increases with the beginning of the summer vacation season after the middle of this month. # 5700~5900 won per kg excluding Jeju The Korea Meat Distribution and Export Association (hereinafter referred to as the Meat Association) held a trend analysis meeting on the 6th and predicted that the average pork carcass price in July would be 5700-5900 won per kg (excluding Jeju). According to the Korea Meat Cooperative Association, the general public's ability to consume is gradually declining due to the continuous increase in the key interest rate, the sharp decline in the stock market, and the contraction of real estate due to the recent sharp rise in prices. It is analyzed that sluggish household consumption at large marts, butchers and online stores continues. In the meat processing sector, it is known that the dumping volume and the frozen production ratio are increasing. In the case of butchery, the sales ...
Source: Aflnews

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