Korea awaits inspection outcome

Korea awaits inspection outcome

The Korean market continues to await the outcome of inspections of US processing plants by the Korean government.

Prices again eased for the majority of cuts this week, however these falls were not large, ranging between 100 and 200 won/kg. Increased purchase for Thanksgiving has also had some impact on prices this week.

Exporters reported a quiet week for the Korean market, as the US plant inspections continue to make an impact on the willingness of importers to buy Australian beef. The inspection team will return to Korea early next week, with the market expecting an announcement on US re-entry later in the week.

Source: Meat and Livestock Australia


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