South Korea: Pork wholesale price 4300 won per kg

Published 2021년 10월 19일

Tridge summary

The recent surge in pork wholesale prices in South Korea to 4,300 won per kg is attributed to an increase in the number of graded animals. This rise has been consistent, with a 3.0% increase from the daily average of the previous month and a dramatic 13.3% increase compared to the same period last year. The average number of graded birds was 80,667 from the 27th of the previous month to the 6th of this month. Despite this, pork imports in the country have seen a slight decrease, totaling 244,243 tons until last month, which is approximately 5,400 tons less than the same period last year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Recently, the wholesale price of pork has risen to 4,300 won per kg due to the increase in the number of graded animals. According to the industry, pork generally tends to decrease in demand and increase in supply from October to March of the following year. In the meantime, the wholesale price of pork recently dropped from 5072 won per kg on the 27th of last month to 4,312 won on the 11th of this month. This is analyzed to be due to the recent increase in the number of graded birds. From the 27th of last month to the 6th, the average number of graded birds was 80,667, which is a 3.0% increase from the daily average of ...
Source: Aflnews

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.