Aftermath of the spread of avian influenza: Egg, chicken, and duck prices surged by 10 to 33% in South Korea

Published 2021년 1월 17일

Tridge summary

South Korea is experiencing a surge in food prices, particularly eggs, chicken, and duck meat, due to the spread of avian influenza in poultry farms, with the number of affected farms reaching 63 and resulting in the culling of over 8.5 million laying hens and 5.4 million broilers. This has led to a 25.9% increase in egg prices and a rise in pork belly and Korean beef sirloin prices by 24.2% and 8.4% respectively, compared to the previous year. Additionally, a recent cold wave has affected the availability and prices of vegetables like sesame leaves and green onions. The South Korean government is planning to address these inflationary concerns by increasing supply and providing measures to stabilize livestock prices.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Citizens are shopping at a large supermarket in Seoul on the 15th, when egg prices rose due to the spread of highly pathogenic avian influenza (AI). Yonhap News Amid the increasing number of farms with highly pathogenic avian influenza (AI), prices for eggs, chicken, and duck meat continue to rise. In addition, the price of livestock products such as pork and beef is on the rise, raising concerns about shopping cart prices ahead of the Lunar New Year. According to the Ministry of Agriculture, Food and Rural Affairs on the 17th, the day before, Boseong Duck Farm in Jeonnam and Gimje Meat Duck Farm in Jeonbuk were confirmed as highly pathogenic avian influenza. Accordingly, the number of confirmed poultry farms increased to 63. The quarantine authorities will proactively kill poultry raised on farms within a 3 km radius of the origin. The number of laying hens that were killed for quarantine (as of 16 days) amounted to 8835,000, the number of broilers was 5442,000, and the number of ...

Source: Hani