ThePigSite Latest News
S. Korea's beef, pork prices highest among leading economies: report
SOUTH KOREA - High land prices and an inability to reach economy of scale have made South Korean beef and pork the most expensive among leading world economies, a report by an international organization said Monday.The International Labor Organization (ILO) said that as of October 2005, the average price of a kilogram of beef in South Korea was US$56.44, six times more expensive than in the United States ($8.94) and five times more expensive than in Britain and Italy.
The ILO survey of 13 countries also showed the price of Korean beef was roughly $15 more expensive than in Japan, which has a high cost of living. The report examined prices in 11 Organization for Economic Cooperation and Development nations and two other large economies.
It said beef prices in Mexico were one-seventh of South Korea's and the cheapest among the markets surveyed.
The report showed South Korea's pork prices were usually 2.5 to three times more expensive than in Britain and Brazil. A kilogram of boneless pork cost $14.12 in South Korea in late 2005, compared to $5.56 in Britain and $4.94 in Brazil.
To continue reading this article please click here
Source: Yonhap
Latest Pig Industry News
CME: Pork and Poultry Exports to Russia- MRI Device Tested to Measure Body Fat in Piglets
Saskatchewan Swine Herd Cut by 10 Percent
Denmark Seeks Better Animal Welfare
Are Cloned Animals Next on the Menu?
Poland Witnesses Huge Dive in Hog Numbers- Schering-Plough and Pfizer Merger Approved
- Swine Industry a Vital Part of Southern Minnesota
Russia Likely to Cut Pork and Poultry Import Quotas- Partnership to Sponsor Pork Industry Scholarships
