South Korea records ASF case on commercial farm of pig, bringing speculation to the market

Other Frozen Pork Cuts
South Korea
Regulation & Compliances
Market & Price Trends
Published Feb 27, 2024

Tridge summary

An African swine fever (ASF) outbreak on a commercial farm in South Korea could potentially affect the country's pork imports, as it is one of the world's largest pork importers due to a domestic production deficit. The US Department of Agriculture predicts a decline in South Korea's pork production in 2024, which may lead to increased imports. Brazil, a current pork exporter to South Korea, could benefit from this situation. However, the health of Brazilian pig farming is dependent on maintaining a high export flow.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Last week, an outbreak of African swine fever (ASF) was reported on a commercial farm in Gyeongsang province, South Korea. Until then, the disease was restricted to wild boars. Authorities adopted quick measures, such as: slaughtering and discarding the approximately 500 animals on the property; inspecting farms in a radius of 10 kilometers; restricting the movement of employees and vehicles. The news brings speculation about possible impacts on the country’s herd and imports if the number of cases increases. South Korea is one of the largest global importers of pork, and this is normal because of the production deficit in domestic consumption. A deepening of ASF could lead to an expansion of imports, which would be beneficial for Brazil. Recently, the US Department of Agriculture (USDA) released a report on the world’s meat industry, and there are estimates for the Asian country. USDA estimates South Korea’s pork production in 2024 at 1.390 mln tons, down 3.47% from last year’s ...
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.