South Korea: Price rise due to unstable supply and demand of chicken

Published 2022년 12월 13일

Tridge summary

Egg prices in Korea are predicted to decrease due to a rise in supply, outpacing consumption. This situation is attributed to the increased contribution of chicks reared in June and July to the egg production. In contrast, chicken prices are experiencing an upward trend for several reasons, including the spread of highly pathogenic avian influenza, which has disrupted supply chains and led to higher production costs. These factors, such as colder weather and increased heating expenses, are causing delays in chicken growth and shipping, ultimately driving the price increase. Despite the impact of the World Cup leading to higher chicken orders, it is anticipated that prices will level off in the broiler industry.

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

Original content

Egg prices are expected to fall as supply increases relative to consumption. Chicken prices are on the rise due to the unstable supply and demand of chicken due to the spread of highly pathogenic avian influenza (AI). # Chicken prices are on the rise According to data from the Livestock Products Quality Evaluation Institute, as of the 9th, the price per kg of live chicken distribution was 2,573 won, up about 32% from the average price of 1,939 won last month. This is because the supply of chicken meat has been disrupted as the scope of quarantine units has recently increased due to the increased risk of highly pathogenic AI in the Jeonnam region. An official from the Korea Poultry Association explained, "Due to the expansion of the quarantine zone, the slaughtering schedule is being delayed as the quantity of slaughtered chickens in the Jeonbuk region cannot pass through the Jeonnam region." In addition, delayed chicken growth due to the recent cold weather and rising heating ...

Source: Aflnews