South Korea: Duck supply and demand imbalance deepened with avian influenza, the number decreased and the price increased

Due to the highly pathogenic avian influenza (AI) and restrictions on breeding duck farms in winter, the number of ducks raised is continuously decreasing and the price of ducks has risen, exacerbating the imbalance between supply and demand. A total of 38 cases of ducks have occurred in relation to highly pathogenic AI, which has recently been spreading across the country, and about 700,000 ducks have been slaughtered. As a result, the number of farms raising ducks is declining. As of the 19th of last month, the number of farms raising ducks decreased from 241 to 219 at the beginning of this month, a decrease of about 10% in just over a month. As a result, the number of ducks raised is decreasing, and the price of ducks continues to rise. The wholesale price of ducks has skyrocketed by 36% in one month from 5,036 won per kg on the 6th of last month to 6,843 won on the 3rd. Despite the skyrocketing wholesale price of ducks, the retail price of ducks continues to fall below the ...