South Korean beef sirloin, consumer prices fell more than 10% from January

Published 2023년 5월 16일

Tridge summary

Consumer prices for first-grade Korean beef sirloin have seen a significant decrease of over 10% within four months, according to a survey by the Consumer Public Network. The wholesale price dropped by 6.7%, large retailer prices by 10.2%, and meat restaurant prices by 18.4% between January and April. The network's chairman, Kim Yeon-hwa, is calling for government action to ensure a stable supply and reasonable pricing of Hanwoo meat, and is urging producers, processors, and distributors to maintain high-quality meat and establish stable, reasonable prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As a result of comparing consumer prices for first-grade Korean beef sirloin between January and April, it was found that they fell by more than 10% in four months. From April 11th to 20th, Consumer Public Network (President Kim Yeon-hwa) sold Korean beef sirloin, tenderloin, fillet, This is the result of conducting a consumer price survey by grade and part targeting Gukgeori and Bulgogi. According to the Consumer Public Service Network, as a result of comparing the average price of sirloin grade 1, 100g in April compared to last January, the wholesale price was 5,447 won in January and 5,083 won in April, a decrease of 364 won, a decrease of 6.7%. The consumer price of large retailers was 10,500 won in January and 9,429 won in April, down 1071 won by 10.2%. In particular, the consumer price of meat restaurants was 20,917 won in January and 17,067 won in April, a decrease of 3,850 won, an 18.4% drop. Kim Yeon-hwa, chairman of the Consumer Public Network, said, “The results of this ...

Source: Aflnews