In the third quarter of this year (July to September), it was observed that it would be difficult to avoid a decline in the price of Korean beef compared to last year.
The Korea Rural Economic Research Institute reported on the 'June Livestock Observation' announced on the 8th that "If the current oversupply of Korean beef continues and demand decreases due to daily recovery, the wholesale price of Korean beef in the third quarter will be 18,500 won to 1 kg per kilogram," the Korea Rural Economic Research Institute said. It will be only 9,500 won,” he said. This is a drop of up to 15.7% compared to the same period last year (21,956 won per kg). Even if the decrease in demand due to the recovery of daily life does not materialize, the number of Korean cattle slaughtered in the third quarter is expected to reach 241,100, and the price of Korean beef is expected to be around 20,000 won per kg. The number of Korean cattle raised in June is expected to reach 3,564,000, an increase of 4.8% compared to the previous year, due to an increase in calf production following an increase in reproductive cows.
Original content
In the third quarter of this year (July to September), it was observed that it would be difficult to avoid a decline in the price of Korean beef compared to last year. The Korea Rural Economic Research Institute reported on the 'June Livestock Observation' announced on the 8th that "If the current oversupply of Korean beef continues and demand decreases due to daily recovery, the wholesale price of Korean beef in the third quarter will be 18,500 won to 1 kg per kilogram," the Korea Rural Economic Research Institute said. It will be only 9,500 won,” he said. This is a drop of up to 15.7% compared to the same period last year (21,956 won per kg). Even if the decrease in demand due to the recovery of daily life does not materialize, the number of Korean cattle slaughtered in the third quarter is expected to reach 241,100, and the price of Korean beef is expected to be around 20,000 won per kg. The number of Korean cattle raised in June is expected to reach 3,564,000, an increase ...
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