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Consumers Seek Alternatives as Pork Prices Soar

by 5m Editor
29 July 2011, at 9:54am

SOUTH KOREA - The recent outbreak of foot-and-mouth disease has been driving up prices of pork, and local consumers are now opting for other kinds of meat.

According to The Chosun Ilbo, the Korea Rural Economic Institute announced in its survey of 750 consumers this month that over 80 per cent had started buying other kinds of meat because domestic pork has become too expensive.

Chicken topped the list of replacements with 36 per cent of respondents switching to this popular poultry, followed by domestic beef, duck and imported beef and pork.

The going price of 100 g of pork now stands at around W2,400, up more than 30 per cent from last year (US$1=W1,052).