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Government to Add Eggs to Market at Cheap Prices

26 May 2017

SOUTH KOREA - The government said Wednesday that it will supply 4 million to 5 million fresh eggs that customers can purchase at cheaper prices to stabilize the market during the first two weeks of next month. These eggs will be more than 30 per cent cheaper than retail prices.

The fresh-egg market, which was hit hard by the avian influenza in the country late last year, has begun stabilizing, starting 18 May, according to the Ministry of Agriculture, Food and Rural Affairs.

Korea JoongAng Daily reports that the average retail price for a tray of 30 eggs dropped from 8,027 won ($7.10) on 17 May to 8,000 won on Tuesday.

The price rose as high as 9,500 won in January due to the AI outbreak, but it appears that the market is stabilizing.

The number of layer chickens that were affected the most by the virus amounted to about 4.42 million this year.

The government expects it to surpass the 60 million by next month, which will be about 88 percent of where it was a year ago.

ThePoultrySite News Desk

Top image via Shutterstock





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