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Egg prices rise in South Korea on supply concerns

Staff Writer | May 19, 2017
Local egg prices were rising again in South Korea with the country yet to stabilize the market following the latest outbreak of bird flu.
South Korea eggs
Asia   The Korea Agro-Fisheries & Food Trade Corp.
The Korea Agro-Fisheries & Food Trade Corp. said a carton of 30 eggs was priced at an average of 8,027 won ($7.17) as of Wednesday, up 61.3 percent from last year.

Egg prices had shot up following the avian influenza (AI) epidemic from November last year, going as high as the 9,000 won range before falling back to the 7,000 won range in February after the government expedited imports.

Officials say the recent price hike is unusual for the summer season when the demand for eggs usually falls. The AI epidemic has slowed down as well with no new cases being reported since early last month.

Officials suspect it has more to do with anticipated demand.


 

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