Broiler prices fall below production costs

As the price of broiler chicken has been below the production cost for over a month, voices are growing louder that the government should actively intervene in the market. According to the Korea Poultry Association, the average livelihood distribution price in October was 1,425 won per 1 kg of ‘chicken’. This is 26.2% lower than the same period last year (1,932 won) and 10.9% lower than the breeding cost (1,600 won). This trend has continued since mid-October. On October 28, it fell to the 1,100 won range and continued for 8 days. As of the 13th of this month, it is still in the 1,300 won range. The prices according to the Livestock Products Quality Evaluation Institute are no different. The livelihood distribution price in October was 1,353 won per 1 kg, down 22% from the previous month (1,735 won). It remained at 1,171 won on the 12th of this month. The reason for the price decline is the sluggish consumption. Oh Se-jin, chairman of the Korea Poultry Association, said, “The ...