Mar 13 • 07:59 UTC 🇰🇷 Korea Hankyoreh (KR)

Egg carton price jumps back to 7,000 won as avian influenza spreads

The price of eggs in South Korea has risen again, reaching an average of 7,045 won for a carton of 30 eggs due to the impact of highly pathogenic avian influenza.

The recent resurgence in egg prices in South Korea has been attributed to the spread of highly pathogenic avian influenza (AI), which has sharply reduced the number of laying hens and subsequently decreased egg production. As of the 12th, the average consumer price for 30 eggs was noted at 7,045 won, approximately 1,000 won higher than the price recorded a year ago at 6,041 won. Prices had previously fluctuated, dipping to the 6,000 won range at the end of January but rising to the 7,000 won mark again after a notable increase in early March.

Since November of last year, South Korea has seen significant outbreaks of avian influenza leading to the culling of nearly 10 million laying hens. Though the Ministry of Agriculture, Food and Rural Affairs reported that the number of laying hens currently mirrors last year's levels, projections indicate a 5.8% decrease in daily egg production for March compared to the previous year. These challenges are compounded by the seasonal migration of wild birds, which heightens the risk of further outbreaks.

In response to these price increases and to stabilize the market, the South Korean government has introduced measures including the importation of U.S. fresh eggs, with 2.24 million and 1.12 million eggs to be supplied this month. Retailers, such as Homeplus, have begun selling these imports at a price lower than recent domestic prices, aiming to alleviate consumer burden amidst rising costs. Sales are limited to ensure fair distribution, reflecting the urgency of addressing food price inflation in the wake of the AI crisis.

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