Domestic pig shipments expected to increase to 19.2 million this year in South Korea

Published Jan 1, 2025

Tridge summary

The Pork Future Research Institute forecasts a positive trend for the global pork industry this year, with an increase in the number of domestic pigs shipped and a positive consumption trend. The self-sufficiency rate is expected to rise to 73.1% based on Pork Farms, with a predicted increase in wholesale pork price. The market is expected to recover and adapt, aided by the alleviation of livestock diseases in China and moderate increases in production in China, Brazil, the United States, and the southern regions of the European Union. Economic recovery and changes in the food price structure are expected to impact pork consumption trends, with the price competitiveness of pork being a key driving force for consumption expansion.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Pork Future Research Institute, in the Pork Report, reveals that This year is the year of a leap forward for the global pork industry With the number of domestic pigs shipped this year expected to increase from last year to 19.2 million, the global pork market is also showing a positive trend in consumption, and the pork industry is expected to take a leap forward this year. The Pork Future Research Institute recently forecasted last year's self-sufficiency rate at 73.1% based on Pork Farms through the 13th issue of the Pork Report (Vol. 13.), and this year's pig shipments are expected to increase by about 150,000 from last year to 19.2 million, and the wholesale price of pork is expected to be 5,150 won per kg. According to the 'Global Pork Market Outlook' by Labo Research introduced by the Pork Future Research Institute, pork consumption is expected to show a positive trend and become an important variable in future production strategies, and the pork market is expected to ...
Source: Aflnews

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