South Korea: Duck supply and demand imbalance deepened with avian influenza, the number decreased and the price increased

Published 2023년 1월 5일

Tridge summary

The article highlights the significant increase in duck prices in South Korea due to the combined effects of avian influenza outbreaks, which have led to the culling of a substantial number of ducks, and the seasonal closure of breeding farms. This situation has created a severe imbalance between supply and demand, with the wholesale price of ducks soaring by 36% in just one month, despite retail prices failing to cover production costs. Furthermore, the Ministry of Agriculture, Food and Rural Affairs has ordered affiliated businesses to share the costs of slaughter, a decision criticized by the Korea Duck Association as unfair and potentially leading to the elimination of these businesses. The association has pledged to resist the policy, threatening legal action if necessary.

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

Original content

Due to the highly pathogenic avian influenza (AI) and restrictions on breeding duck farms in winter, the number of ducks raised is continuously decreasing and the price of ducks has risen, exacerbating the imbalance between supply and demand. A total of 38 cases of ducks have occurred in relation to highly pathogenic AI, which has recently been spreading across the country, and about 700,000 ducks have been slaughtered. As a result, the number of farms raising ducks is declining. As of the 19th of last month, the number of farms raising ducks decreased from 241 to 219 at the beginning of this month, a decrease of about 10% in just over a month. As a result, the number of ducks raised is decreasing, and the price of ducks continues to rise. The wholesale price of ducks has skyrocketed by 36% in one month from 5,036 won per kg on the 6th of last month to 6,843 won on the 3rd. Despite the skyrocketing wholesale price of ducks, the retail price of ducks continues to fall below the ...

Source: Aflnews