South Korea: High pork prices result in consumers opting for other meats
Foot and Mouth Disease in South Korea has caused the prices of pork meat to sky-rocket. As a consequence, consumers are choosing other meats that are cheaper.
Pork is now up 30% compared to last year.
According to the the Korea Rural Economic Institute, 80% of consumers have bugun buying alternative meats. In the survey, carried out by the institute, 750 consumers were questioned.
Consumers chose meat in this order:
- Domestic Beef
- Imported beef
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