It seems that the day is not far away when one
serving of pork belly will cost 1,2 won. This is because pork has jumped nearly 20% in a month in terms of wholesale prices amid steep inflation, and there are concerns that the price could rise further if the recent outbreak of foot-and-mouth disease in Korean beef farms spreads to pigs.

I'm Kim so-young.

At a large supermarket in
Seoul, consumers have been looking for a lot of pork because the price of beef is so high, but the recent increase in pork prices is also a burdensome reaction.

[Kim Myung-soon/Seoul's Kang Seo-seo: You don't buy it at the regular price, but apparently because the price is rising, housewives tend to buy things that are a little discounted when choosing.]

As of the last 11 days, the wholesale price of pork averaged 1,6 won per kilogram, up 380.19% from a month ago.

In particular, compared to the last 1 day, it jumped 1% in ten days.

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Pork belly, a typical dinner menu, usually rises in price from spring to summer as demand increases, and tends to fall after Chuseok, but this year, the increase was even steeper.

In addition to the increase in consumption due to the increase in gatherings and dinners due to the end of the pandemic, the price of grain used for pig feed and the cost of raising pigs also increased, which acted as a factor for further increases.

[Pig industry insider: In 2019, we talked about the production cost of 110 kg of pigs, which is about 30,11 won, but now the feed cost is probably about that amount.]

The consumer price of pork belly has also risen by 1% compared to a month ago, and the average price of a single serving of pork belly sold in restaurants is expected to exceed the 2,<> won mark soon.

If the outbreak of bovine foot-and-mouth disease in Korea spreads to pigs this month, the supply may decrease and the price may rise further, drawing attention to the epidemic prevention situation.

(Video Interview: Park Jin-ho, Video Editing: Jeon Min-kyu)