South Korea: Broiler price expected to be around 1,300 won per kg

This month's broiler farm price is expected to be around 1,300 won, lower than 1,529 won per kg in the same month last year due to increased supply and sluggish consumption. According to the poultry industry, the decline in broiler farm prices is due to the increase in inventory following last month, and although farmers are reducing the number of slaughtered animals to clear inventory, the weak farm price is expected to continue for the time being as inventory is not being properly processed. According to the Korea Rural Economic Institute, the number of broiler slaughtered animals this month is expected to be 64.65 million to 65.97 million, a 1.4% decrease from the same month last year due to a decrease in the number of chicks entering the market. The average broiler farm price from January to last month fell 26% compared to last year due to increased supply and sluggish consumption, and the average farm price this month is expected to be around 1,300 won per kg, lower than ...