Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS


November 11, 2011

 

South Korean beef, pork prices soar last month

 

 

Prices of South Korean pork and beef imports soared in October from a year earlier, the customs agency said Thursday (Nov 10).

 

According to data provided by the Korea Customs Service, prices of pork jumped 20.2% on year in October, while those of beef surged 15.4% over the same period.

 

Their prices increased 1.6% and 0.8% from a month earlier, respectively, the data showed.

 

Chicken meat prices also jumped 22.2% from last year and posted a 2.6% gain from a month earlier.

 

The price hikes of those meats could put upward pressure on inflation, which has recently showed signs of abating.

 

South Korea's consumer prices rose 3.9% last month from a year earlier, slowing from the 4.3% on year gain in September.

 

The customs agency also noted that prices of fishery imports such as mackerel, pollack and crab jumped compared with a month earlier.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read