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Major Korean marts suspended sales of ultra-fresh eggs after a farm within 3 km of an avian influenza outbreak in Yeoju culled all its laying hens. Consumers are stockpiling eggs amid fears of price increases, while the outbreak has spread nationwide for the first time since the 2016 egg crisis.
Culling of layers and panic buying point to tighter egg supply and possible price increases in Korea. Stronger egg prices could support poultry demand, but the effect on feed demand is limited.
asiae.co.krLee Seonae by Lee SeungjinDec 11, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
