Menu Content
Go Top

Economy

Egg Prices Skyrocket to 20-Yr High due to Bird Flu

Written: 2016-12-27 09:44:18Updated: 2016-12-27 10:09:35

Egg Prices Skyrocket to 20-Yr High due to Bird Flu

Egg prices in South Korea have hit a 20-year high as the avian influenza outbreak is significantly disrupting supplies.

According to Korea Agro-Fisheries and Food Trade Corporation on Monday, the average retail price of a carton of 30 eggs stood at seven-thousand-37 won, or about five dollars and 86 cents, as of last Thursday.

It is the first time the price of a carton surpassed seven-thousand won since the agency began compiling related data in 1996.

According to retailers, egg prices have continued to go up since last Thursday and were selling at seven-thousand-510 won for 30 on Monday. At some shops, the price soared to more than eight-thousand-800 won, up to 58 percent from a year earlier.  

The production prices of eggs also shot up by 77 percent to five-thousand-511 won.

More than 20-point-four million egg-laying hens have been culled since the bird flu outbreak last month, accounting for four out of five such chickens culled. 

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >