Productivity Increase... Broiler and Duck Industries "Difficult to Expect Special Circumstances"

Despite the long and hot summer, this summer's special market season is expected to be challenging. Amid this, there are urgent calls for measures to address the import of goat meat, which is emerging as a new powerhouse in health food. The poultry industry responsible for the market is anticipating price drops due to supply surplus from increased productivity. The Korea Rural Economic Institute forecasts that this month's chicken slaughter volume will increase by 1.3% compared to last year, which is expected to lead to a decline in live distribution prices. The previously highlighted issue of Brazilian chicken meat import suspension is not anticipated to have a significant impact, following Brazil's declaration of avian influenza (AI) termination and Korea's regional allowance. Last May, when high-pathogenic avian influenza occurred, Brazilian chicken meat imports were suspended, causing chicken prices to rise by 29% compared to the previous year. Ducks are also expected to ...