South Korea expects to buy more beef as pork prices rise
South Korea will import more beef in the coming months because of a rally in domestic pork prices to a three-year high, forcing consumers to look for alternatives, according to government and industry sources.
South Korea's Institute of Rural Economy has said in a report that it expects a 10% increase, to 64 tons, between June and August, year on year.
In the first five months of this year, beef imports by South Korea increased by 6%. South Korea imports beef mainly from Australia and the United States.
Information provided by Reuters