South Korea: Chicken prices on the rise due to World Cup special

Pork prices expected to fall next year Chicken prices are on the rise due to the World Cup special. As year-end sales, which were perceived as off-season, increased orders due to the winter World Cup, chicken prices are on the rise. According to the data of the Livestock Products Quality Evaluation Institute, on the 5th, the production area price per 1kg of large chicken was 2,500 won, up 400 won from last week. However, the industry predicted that the World Cup special will only be a special one as the Korean soccer team's advancement to the quarterfinals was canceled and matches are usually played late at night or early in the morning. The number of broilers slaughtered next year is expected to decline due to higher production costs. According to the ‘December Livestock Observation’ announced by the Korea Rural Economic Institute (hereinafter referred to as the Agricultural Research Institute), the number of chicks stocked this month was expected to be 62.02 to 63.69 million, a ...