The global shortage of cereal and the impact of avian influenza on eggs warned

Published Apr 25, 2023

Tridge summary

Due to avian influenza, Chile is experiencing a 5% reduction in egg supply, primarily from affected farms in the Biobío and Maule regions. This has led to a 35% increase in egg prices over the past year, attributed to rising corn prices. Additionally, Fitch Solutions has forecasted a global rice shortage for this year. Despite these challenges, Chile's rice industry has seen profitability increase, with 20,000 hectares of production registered, and Andrea García, the director of PASO, assures that demand is being met with the existing supply.

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

Original content

The traditional rice with egg could go up in price. The Office of Agrarian Studies and Policies (Odepa) estimated the reduction in the national supply of eggs at about 5%, due to the impact caused by avian influenza. The general manager of ChileHuevos, Patricio Kurte, stated that the affected farms are mainly concentrated in the Biobío and Maule regions. Of course, the supply has been compensated with products from the central area. The Ministry of Agriculture also detailed that the price of eggs has grown by 35% in the last year due to the price of corn, which went from 200 to 350 pesos in 2022. In parallel, Minister Esteban Valenzuela referred to the investigation by Fitch Solutions, a firm that projected a world shortage of rice for this year. The foregoing, after analyzing the estimates of the United States Department of Agriculture. In this regard, the Secretary of State revealed that the national industry has had a leap in ...

Source: Biobiochile