May 11, 2024
Retail & Consumer
Egg prices start easing on imports
[THE INVESTOR] Egg prices are calming down after imports started arriving, officials said on Jan. 18.
The price for a set of 30 eggs fell for the first time in 37 days on Jan. 13, and again on Jan. 17. Discount supermarket chains, including E-mart, Homeplus andLotte Mart, have not raised their prices for days.
The last price increase at E-mart was Jan. 6. At Homeplus, the last increase was on Jan. 7. Lotte last marked up the price on Dec. 28. It has since opted to sell eggs imported from the United States to substitute for the expensive eggs from local farms.
The government had rushed to stabilize the egg prices with the approaching Lunar New Year holiday next week when many of the prepared food require eggs.
Officials said they expect more market stability once the imported eggs become widely accessible beginning this weekend after quarantine checks.
The government plans to bring in approximately 1,500 tons of eggs from the US and Spain before the Lunar New Year holiday that begins on Jan. 27.
(theinvestor@heraldcorp.com)
The price for a set of 30 eggs fell for the first time in 37 days on Jan. 13, and again on Jan. 17. Discount supermarket chains, including E-mart, Homeplus andLotte Mart, have not raised their prices for days.
The last price increase at E-mart was Jan. 6. At Homeplus, the last increase was on Jan. 7. Lotte last marked up the price on Dec. 28. It has since opted to sell eggs imported from the United States to substitute for the expensive eggs from local farms.
The government had rushed to stabilize the egg prices with the approaching Lunar New Year holiday next week when many of the prepared food require eggs.
Officials said they expect more market stability once the imported eggs become widely accessible beginning this weekend after quarantine checks.
The government plans to bring in approximately 1,500 tons of eggs from the US and Spain before the Lunar New Year holiday that begins on Jan. 27.
(theinvestor@heraldcorp.com)
