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South Korea's agriculture ministry reported that consumer poultry prices kept rising sharply as the country culled birds near avian influenza-infected farms. Egg consumer prices were up 43.3% on the year over the past week, with producer egg prices up 91.4%, and chicken and duck meat up 15.9% and 36.1%.
Authorities have culled 25.4 million poultry since late November, and the government plans to import 50,000 tons of tariff-free egg products through June.
Heavy culling of layers and broilers in South Korea tightens domestic poultry and egg supply, lifting prices and likely boosting demand for imports, while tariff-free egg imports partly offset the shortfall. Continued disease pressure supports poultry-derived feed demand outlooks but reduces domestic poultry output that uses feed.
en.yna.co.krKang Yoon-seung5 feb 2021
forexcrunch.comFX Street26 feb 2021
koreatimes.co.kr5 feb 2021Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
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