Korea's FMD Impact On Trade And Retail

SOUTH KOREA - The Korean Ministry for Food, Agriculture, Forestry and Fisheries (MIFAFF) has reported that no additional foot-and-mouth disease (FMD) cases were found since 19 January and there have been no reports on suspected cases since 21 January this year.
calendar icon 29 January 2010
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Meat & Livestock Australia

According to a survey conducted among 553 meat traders in Seoul and throughout Gyeonggi-do (province that reported the first FMD case), 65.1 per cent of respondents said that the beef and pork trade has decreased since the outbreak. A total of 24.2 per cent of respondents said sales remained the same, while 3.1 per cent said it has increased, and 7.6 per cent did not know.

In contrast, Meat and Livestock Australia sales and prices at retail for domestic beef remain strong ahead of Lunar Year. Reportedly, Korean consumers are aware that FMD cannot be transmitted to humans, and consumers have confidence in beef products due to the traceability system.

TheCattleSite News Desk

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