Falling pork imports in South Korea

Monday, 27 April 2020

By Bethan Wilkins

In the early months of 2020, fresh/frozen pork imports have been lower in South Korea. Shipments were down 25% on a year ago during the first quarter of 2020.

The drop reflects falling domestic demand, as eating-out decreased significantly following the first confirmed Covid-19 cases in January. The latest Rabobank report suggests demand for processed hams and sausages has dropped in particular.

All major suppliers were affected, but Spain suffered more than most. Spanish prices were higher than the other major suppliers (the US, Germany and Canada), which may explain why it lost market share.

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