EU

EU pork exports to South Korea surge in September

Pork

The European Union has increased its pork shipments by 7% year-over-year in September, reaching 173,100 tonnes, according to the Horticulture & Agriculture Development Board.

Posted on Nov 23 ,10:23

EU pork exports to South Korea surge in September

In value, EU pork exports to this country €373.4 million, a value which was still down by 3% on the year because the average prices remained lower than a year ago.

AHDB analyst Bethan Wilkins said that South Korea alone took almost 22,000 tonnes of EU pork. These shipments were the highest since April, meaning up by 7,000 tonnes from August alone and 9,000 tonnes higher than the year before.This represented 12% of exports, up from South Korea’s 8% share the year before.

Wilkins added that overall exports to all other markets were still 1% higher than in September 2017. "Hence, while this demand from this market is important at present, there are other growth areas. As in to most recent months, exports to the Philippines also increased year-on-year (+40%, 3,200 tonnes), but the leading Asian markets of China and Hong Kong took less EU pork."

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