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Korean Chicken prices up 30%, expected to go higher

by 5m Editor
16 May 2005, at 12:00am

KOREA - Chicken prices are soaring as last year&#39;s bird-flu outbreak and rising feed prices have hammered domestic producers. The Korea Poultry Association said the average price of chicken in local markets in April hit 1,916 won ($1.90) per kilogram (2.2 pounds), the highest since 1994, when an unusually hot summer hurt production, pushing prices up to 2,129 won the following October. The price in April was up 18 percent from March. Egg prices also surged more than 30 percent, to 1,337 won per 10 eggs, from 1,008 won a year earlier. Industry experts said reduced imports from Southeast Asia, also hit by last year&#39;s bird-flu epidemic, kept supplies low nationwide. <i>Source: joongangdaily.joins.com</I>

5m Editor