Egg Prices Expected to Soar Up to 68%... Production from March to May Down 17% Compared to Last Year

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[Asia Economy Reporter Joo Sang-don] There is a forecast that the farm gate price of eggs could rise by up to 68% compared to last year. This is due to the expected 17% decrease in egg production from March to May compared to last year.

According to the Agricultural Outlook Division of the Korea Rural Economic Institute on the 14th, the average number of laying hens from March to May is expected to be 66.11 million, which is 8.7% less than last year and 6.4% less than the average year.

In particular, the number of hens aged six months or older, which are important for egg production, is estimated to be 45.85 million, 14.1% less than last year and 13.3% less than the average year.

As the number of laying hens decreases, the average daily egg production from March to May is expected to be 37.6 million eggs, down 17.1% from last year and 11.7% from the average year. The expected farm gate price for 10 special eggs during this period is 1,600 to 1,800 won.

Compared to last year, March (1,158 won in March 2020) is 38.2% to 55.4% higher, April (1,136 won) is 40.9% to 58.5% higher, and May (1,069 won) is 49.7% to 68.4% higher.

As of the 12th, the consumer price for one carton of eggs was recorded at 7,633 won. Although this is 24.0% lower than the peak of 7,821 won on the 15th of last month, it is still 44.7% higher than last year and 49.8% higher than the average year.

This content was produced with the assistance of AI translation services.