Despite rising inflation and interest rates, beef demand has slowly recovered in South Korea. General consumer sentiment has been weak due to high inflation rates and interest rates and a stagnant economic situation, including poor export records. But beef demand has been recovering gradually thanks to year-end spending and the Lunar New Year holiday in […] Read more
Market Intelligence Update from Canada Beef: South Korean beef demand recovers as import tariffs drop
Market Intelligence Update from Canada Beef: Demand for Canadian beef in Korea may rise further
Canadian beef imports to South Korea are up substantially from last year, and the possibility of temporary tariff cuts and a drop in U.S. beef imports may create even more demand for Canadian beef. Korea’s total beef imports in September 2022 were 48,727 tonnes, up 12.7 per cent year-over-year but down 30.4 per cent from […] Read more
Market Intelligence Update from Canada Beef: COVID surge hits Japan’s foodservice sector
As Japan rides another wave of COVID-19 cases, measures meant to contain infections are expected to hit the foodservice sector again. In February, Japan’s daily count of new COVID-19 cases exceeded 100,000 for the first time since the pandemic began as the highly transmissible Omicron variant spread rapidly across Japan. The Japanese government has expanded […] Read more
Market Intelligence Update from Canada Beef: Canadian beef imports rising in South Korea
South Korea’s imports of Canadian beef grew significantly in volume and value last year, despite closing out 2021 with a suspension of Canadian beef imports, which has since eased. On January 20, the Korean government has resumed quarantine inspections of Canadian beef after four weeks of suspension following the discovery of an atypical BSE case […] Read more
Canada Beef Market Intelligence Update: Imports rise in Japan
Japan’s imports of Canadian beef rose this spring, buoyed by increasing retail demand and expectations that American beef imports would be curbed. Japanese beef consumption remains relatively steady compared to last year’s levels, with foodservice sales anticipated to remain weak for the first half of 2021. Japan’s total beef import volumes in March were 54,200 […] Read more
Canada Beef market intelligence update: Beef demand strengthens in South Korea
The Lunar New Year holiday in February and a slight easing of COVID-19 restrictions have boosted beef demand in South Korea. Beef imports from Canada were 1,588 tonnes in January 2021, up 105.4 per cent from a year earlier and up 461.1 per cent from December 2020. A series of Canadian Beef in-market promotions in […] Read more
Canadian Cattlemen Presents: Depth of Field
