South Korea: next year’s money will be the same as this year

Published 2021년 11월 3일

Tridge summary

The Chung P&C Research Institute has predicted the average pig price for 2022 to be around 4,450 won per kg of carcass, which is slightly below the average price of 4,642 won this year but still unable to cover production costs. The institute also forecasts a decrease of 0.8% in the number of pigs slaughtered next year to 18.16 million, with an increase in pork imports expected to offset this slightly. The price is expected to be around 5,000 won per kg in June-September of next year.

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

Original content

[Reporter Lee Il-ho, Livestock Newspaper] 5,000 won from June to September... Estimated slaughter of 18.2 million heads It is predicted that the average pig price next year will be slightly below this year's level, but the production cost will exceed it. The Chung P&C Research Institute (CEO Jeong Young-cheol) recently released a forecast for the pig market for 2022 that reflects the sow feed production, seasonal index, and predicted pork imports. According to this, the number of pigs slaughtered next year is expected to be 18,161 thousand, and the average annual price of pigs will be 4,450 won per kg of carcass (excluding Jeju, etc.). It is predicted that the number of pigs slaughtered will decrease by 0.8% this year, which is expected to be 18.3 million heads, and the average annual pig price, which is expected to average 4,642 won this year, will be lower by 4.1%. In particular, the price is expected to be around 5,000 won in June-September ...

Source: Chuksannews