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

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 ...