The South Korean pork market is collapsing , imported pork dominates the shelves

Published 2024년 6월 5일

Tridge summary

The Korean meat processing raw material market is experiencing a surge in imports, particularly pork, due to lower prices and concerns about domestic pork quality. Imported pork is replacing domestic pork in the home roasting market, despite a recession, and the trend is expected to continue. The price of domestic Fuji, a raw material for secondary meat products, has risen, leading to the replacement with imported whole meat. Experts believe that there will be no major changes until the latter half of the year, with a negative long-term outlook. The domestic pig farming industry is facing a nervous time with the emergence of vegan and artificial foods and an urgent need for measures to improve price competitiveness and differentiate domestic pork in taste and quality.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

[Livestock News Reporter Lee Il-ho] The meat processing raw material market is also ‘accelerating’ this year as it replaces imported meat. “It won’t change even after the recession” The crisis in the domestic industry is growing Serious cracks are occurring in the domestic pork market. The sense of crisis in the domestic pig farming industry is growing as it is being pushed out by imported pork not only in restaurants and group catering, but also in the home roasting market recently. Imported meat stalls sell out early The meat section of a large retail store in the metropolitan area, a little after work hours at the end of May. Although it was comparable in size to the domestic pork counter and there was still some time before closing, there was only one pack of refrigerated pork belly left in the counter dedicated to Canadian refrigerated pork belly and pork neck products, which cost 37,000 won per 2.5kg pack. This is because sales volume on this day exceeded initial ...
Source: Chuksannews

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