January 31, 2011


Global pork prices surge due to South Korean FMD



Global futures prices for pork have surged due to the foot-and-mouth disease (FMD) outbreak in South Korea.


Pork futures for April ended trading at over US$90 per pound at the Chicago Merchandise Exchange on Thursday (Jan 27). This is the highest in 14 years and 30% higher from a year ago.


Experts say that pork exports to Asia have soared due to the FMD outbreak in South Korea and therefore prices have spiked.


South Korea has decided to lift tariffs on pork imports until June for stable supply.

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