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Two Years For South Korea Fmd Recovery

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South Korea’s swine industry could take one or two years to recover from a foot-and-mouth epidemic that has boosted meat purchases by one of the world’s top pork importers. A long-term boost to the country’s pork imports, mainly from the U.S., could support hog futures already at record highs partly on the back of potential Korean demand after nearly a third of the pig herd was culled, and the country lowered tariffs on meat imports in an effort to contain food inflation. “When one removes that many animals from their domestic herd, it would suggest that it’s going to take, in the case of swine, a couple of years to come back,” said Martin Rice, executive director of Canadian Pork Council.

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