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September 30, 2011

2011.09.30

FAS/Seoul Monitoring of Media Reporting on Agricultural Issues
Today's Date:  Friday, September 30, 2011
For Coverage: September 27 - 30, 2011
 

 

1. LIVESTOCK ISSUES
 
Pork Meat Price Returns to Normal Level [Korean, OSY]

http://news.hankooki.com/lpage/economy/201109/h2011092902374421500.htm

Summary: According to a price survey by Livestock Product Quality Assurance Institute, price of pork meat in local wholesale markets marked 4,990 won per kilogram, down 24 percent from one month earlier.  Price of pork meat in retail stores are showing a similar trend.  The institute has forecasted that the price of pork meat will remain weak throughout the rest of the year as the supply to the market is on a solid increase from both local farms and imports.

 

2. OTHER MISCELLANEOUS ISSUES

 

2 Billion Won of Fine Charged to 11 Coffee Businesses for Faking Country of Origin of Coffee Beans [Korean, OSY]

http://news.donga.com/Economy/Market/3/0108/20110928/40689159/1

Summary: Korea Customs Office has charged a total 2.1 billion won of fine to 11 coffee businesses, including Starbucks Korea, Coffeebean Korea, Nestle, and Dongsuh.  According to the customs office, these companies have allegedly labeled some of their coffee products brewed/made from beans from cheaper destinations such as Vietnam as American or Italian origin.  Customs office said it would pay additional attention to the traffic of imported coffee beans.

 

 

The information in this report was compiled by the Agricultural Trade Office (ATO) at the U.S. Embassy in Seoul, South Korea. The press summaries contained herein do NOT reflect USDA, the U.S. Embassy, or other U.S. government agency official policy or view point. U.S. food exporters can learn more about market opportunities in South Korea by reviewing ATO Seoul¡¯s Exporter Guide and other reports available at www.fas.usda.gov by clicking on ¡°attaché reports¡±.

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Agricultural Trade Office, U.S. Embassy - Seoul
Tel: 82-2-6951-6848 Fax: 82-2-720-7921
Email: atoseoul@state.gov