April 25, 2024
Retail & Consumer
Egg prices set to rise again
[THE INVESTOR] Local egg prices are rising again with the country yet to stabilize the market following the latest outbreak of bird flu, officials said on May 18.
The Korea Agro-Fisheries & Food Trade Corp. said a carton of 30 eggs was priced at an average of 8,027 won (US$7.17) as of May 17, up 61.3 percent from last year.
Egg prices had shot up following the bird flu 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.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The Korea Agro-Fisheries & Food Trade Corp. said a carton of 30 eggs was priced at an average of 8,027 won (US$7.17) as of May 17, up 61.3 percent from last year.
Egg prices had shot up following the bird flu 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.
By Alex Lee and newswires (alexlee@heraldcorp.com)
