South Korea: Livestock and Products Annual

The COVID-19 epidemic in Korea significantly impacted pork consumption patterns in 2020. Domestic pork, mostly eaten at home, benefited while imports are down as restaurants, primary users of imported pork, are seeing reduced traffic. Cattle producers continue to expand as similar patterns play out in the beef complex with home consumption boosting domestic Hanwoo consumption. Higher beef production will moderate prices into 2021, reducing scope for imports.

South Korea: Livestock and Products Annual