# South Korea to extend subsidy on some egg imports as bird flu hits local output | Fox News

> South Korea is extending a subsidy covering up to half the cost of sea-freighted egg imports until the end of April. The country has culled over 33 million birds since its worst-ever bird flu outbreak began in November. The average retail price for 30 local eggs has fallen more than 20 percent from its January peak.

- Date: 2017-02-27 · published 2017-02-27T12:00:00.000Z
- Category: disease · region South Korea · magnitude medium
- Page: https://feedsoft.ai/events/72515-south-korea-to-extend-subsidy-on-some-egg-imports-as-bird-flu-hits-local-output
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Korean egg shortfalls keep import demand high, supporting US egg and egg product exports. The effect on feed grain prices is limited but supportive of demand for poultry inputs.

## Read by commodity

- CHICKEN: bullish ▲

## Sources

- foxnews.com: https://www.foxnews.com/health/south-korea-to-extend-subsidy-on-some-egg-imports-as-bird-flu-hits-local-output

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.