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South Korean egg prices rose again as imports of chicks and poultry from the US and Spain remain halted due to bird flu outbreaks there. The retail price of a 30-egg carton reached 7,696 won, up from 7,311 won a month earlier and 5,350 won a year earlier.
About half of Korea's 1,500 chicken farms have not secured chicks due to quarantine bans.
Tight Korean egg supply and restricted imports keep demand for alternative egg and poultry sources strong, supporting poultry prices and feed demand for layer rations. Restocking takes at least six months, so the tightness is likely to persist.
en.yna.co.krDoo-Hyong HwangApr 20, 2017Not 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.
