There was no panic selling in Korean meat market, and the price of pigs remained stable

Lead: Seoul, May 14 (Reuters) - South Korea's government's actions during the outbreak of foot-and-mouth disease in 2000 have left farmers without concern after the outbreak, and there has been no panic selling in the local meat market, an official from the Ministry of Agriculture said The amount of compensation paid by the government to farmers depends on the number of pigs destroyed by each farmer Farmers in the affected areas will also receive tax incentives, the Ministry said in a statement The outbreak of foot-and-mouth disease did not have much impact on the price of meat in South Korea According to the data from the Ministry of agriculture, the price of live pigs in South Korea has recently stabilized at around 200000 won (US $156.5) per 100 kg, slightly lower than the average price of 206000 won last month, but still higher than the average price of 187000 won last December "The current price of pigs is very good, but once farmers bring more pigs to the market, prices will eventually fall in May and June," said one pig farmer, who declined to be named Just north of Seoul, a farmer with 1000 pigs said they had already increased the number of pigs raised because they hoped Korean pork would re-enter Japanese and other countries' markets South Korea had intended to restore its pork export market this year, but now several countries have imposed bans on its pork South Korea spent 300 billion won to deal with foot-and-mouth disease among cattle in 2000 Although the FMD did not infect pigs, South Korea still lost 400 million US dollars of pork export market every year, mainly in Japan South Korea does not export beef.