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Egg Prices Soar in South Korea Following HPAI depletions


In a March 14th article Yonhap, the South Korean news agency reported on projected price rises for eggs.  Currently, a dozen pack retails for $1.70, up from $1.13 per dozen in March 2020.  The Korea Rural Economic Institute projects that further price rises will occur through July.  Current hen population is now at 66 million with a total reduction in production of approximately 17 percent since the beginning of the avian influenza outbreak. Effective February 1st, South Korea removed tariffs on imported egg products.  Dealers are now allowed to import a total of 140 cases without a tariff through June 30th.  Restocking is in progress and it is expected that flocks will be restored to pre-HPAI levels by August 2021.