Korean meat extenders eyed during two week U S visit
Korean processor Myaurysan Shin surveyed 11 of the 10 largest textured vegetable protein plants in the United States during a Hudson visit. He noted taste hurdles for meat substitutes in Korea where meat demand outstrips supply amid strong growth and rising per capita income. Shin, president of Dong Bang Oil Co., prefers U S soybeans over Brazil for shipping speed and lower oil content as Korea considers future imports and production strategies.
MENTIONED IN THIS ARTICLE
Hudson
Myaurysan Shin
United States
Shin
Karen
Tey
Sill
Korea
U.S
Brazil
Dong Bang Oil Co
Korea Eyes Soybean Self sufficiency By 1980
Farm News reports that Shin, aided by the American Soybean Association, will import about 60 000 metric tons of soybeans to Korea this year. Korean farmers grow 419 000 metric tons mainly on marginal land to supplement rice crops. A USA soybean fact sheet cites foreign exchange constraints as the major hurdle to rising imports. Discovery of petroleum in Korea could boost foreign exchange and allow more U S soybeans. Government aims for self sufficiency in soybeans by 1980, but processors say demand will exceed production for some time.
MENTIONED IN THIS ARTICLE
American Soybean Assn
Shin
Korea
American Soybean Assny
Farm price rise boosts meat costs in grocery stores
The Agriculture Department said a 2 percent April rise in the farm price index reflects higher beef and hog prices. Livestock prices were about 18 percent above a year earlier, with beef retail around 1.37 to 1.39 per pound for April, after peaking at 1.61 last July.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Reldil
Iowa Farmland Up 31 Percent in Year
A Federal Reserve Chicago survey shows that Iowa farmland values rose 31 percent in the year ended April 1 and up 6 percent from New Year to April 1. Iowa State University reports an average acre value of $989, though the Chicago survey did not disclose a specific average price.
MENTIONED IN THIS ARTICLE
Chicago
Federal Reserve Bank of Chicago
Iowa
Iowa State University
Bank
Regent
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Myoungsoo Shin
Munsey
Farm News
Pasanook
Astro
U Days
Wesbey
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