Decline expected in US pork exports to Korea
US pork exports to South Korea are expected to decline
soon. The exports were enjoying a boom due to a Korean ban on US beef since
December 2003. An end to that is predicted since last month this beef ban was
The year 2007 may be a turning point, the yearly USDA
survey on South Korea
suggests, compiled by the Foreign Agricultural Service.
Korean pig producers also gradually increased their inventory to profit
from the high demand for pork. Not only high costs for beef, but also safety
concerns over imported beef and poultry explains the preference for pork.
The increase in domestic pig production and the aggressive pork consumption
campaign funded by a check-off programme, have not only increased the
consumption of non-popular cuts, such as pork tenderloins, they have also
Domestic pork prices are expected to decline, as the lower demand for pork
will force the Korean pig producers to reduce herd sizes - increased slaughter
will result in larger supplies, lower prices further reducing the demand for
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