SEOUL, Aug. 12 (Korea Bizwire) — South Korea said Wednesday that it will speed up efforts to supply the “heukdon” breed of pigs to local farms to meet rising demand for premium pork products in the country. “Local consumers’ demand for premium pork products has been increasing recently, leading to a hike in imports of [...]
SEOUL, June 2 (Korea Bizwire) — The price of pork increased in May from a year earlier as a growing number of people preferred preparing meals at home amid the new coronavirus pandemic, data showed Tuesday. The average wholesale price of pork reached 5,115 won (US$4.18) per kilogram in May, up 22 percent from a [...]
SEOUL, Nov. 2 (Korea Bizwire) — South Korean farmers are urging local authorities to make efforts to normalize pork prices here in the face of the African swine fever (ASF) outbreak, industry watchers said Saturday. The local wholesale price of pork reached 2,809 won (US$2.4) per kilogram, plunging 28.2 percent from a year earlier as [...]
SEOUL, Jul. 4 (Korea Bizwire) — South Korean soju and pork exports to Muslim countries, where alcohol and pork are normally forbidden, are rising. The Korea Agro-Fisheries & Food Trade Corporation (aT) reported on Wednesday that last year’s soju exports to Indonesia reached $1.3 million, a 10.1 percent increase from the previous year. Between January [...]
SEOUL, Jan. 30 (Korea Bizwire) — The Korean Consumer Citizens’ Group has announced that five out of 50 black pigs sold at 44 Seoul restaurant and retail outlets were found to be white pigs, not Iberico pigs. As it was recently revealed that some of the Spanish Iberico black pork imported to South Korea was [...]
SEOUL, May 4 (Korea Bizwire) – Last week, Nguyen Xuan Cuong, Vietnam’s Minister of Agriculture and Rural Development, rushed to a Samsung Electronics plant in Bac Ninh requesting that the South Korean company boost its purchases of pork amid a supply glut that has been destabilizing the local market. Cuong has become anxious over plummeting [...]
GIMHAE, July 6 (Korea Bizwire) – The Bugyeong Pig Farming Association (BPFA) from Gimhae, South Gyeongsang Province, has launched for the first time in Korea what it’s calling ‘Animal Welfare-Certified Pork’. These pork products were developed at the ‘Together Happy Farm’ (translated from Korean), which was certified as an ‘animal welfare farm’ on June 30. [...]
HONG KONG, Jun. 3 (Korea Bizwire) — Smithfield Foods, Inc. (“Smithfield”), a wholly owned subsidiary of WH Group Limited (“WH Group”) (HKEX:288), today announced the sale of its entire equity interest in Campofrio to Alfa for $354 million in cash. The sale represents approximately 37% of the entire issued share capital of Campofrio. “This transaction [...]
SEJONG, April 13 (Korea Bizwire) – South Koreans are consuming more meat than ever while their annual intake of rice continues to set record lows every year, a government report showed Monday. According to the report from the Ministry of Agriculture, Food and Rural Affairs, the country’s annual per capita consumption of meat came to [...]