Consumption down in Korea
AUSTRALIA - There was limited trading in the Korean wholesale market this week due to the high price of beef and decreased consumption at the retail level.
12 January 2007
1 minute read
According to importers and wholesalers, there has been reduced beef consumption in the retail sector despite the seasonal period of high demand commencing at the end of last year. Mass media reports over the safety of US beef have led to some consumer concerns about all imported beef.
Wholesale prices for some cuts declined slightly compared with the last few weeks due to the large quantity of product imported in December last year. Chuck roll fell 100 won to 6500 won/kg while clod was unchanged at 5300 won/kg.
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