"Chobok but even a bowl of Samgyetang feels burdensome"... Chicken prices rise over 10%

Retail Price of Chicken per kg Up 12% Compared to Last Year
Wholesale Price of Duck Also Rises Over 34%
"Impact of Supply Shortage Due to Increased Production Costs"

On the 11th, marking the beginning of Chobok, the demand for summer health foods such as Samgyetang is expected to increase, and it has been revealed that the price of chicken, a key ingredient in representative health foods like Samgyetang and Baeksuk, has risen by more than 10% compared to a year ago.

According to the Livestock Products Quality Evaluation Institute's Livestock Distribution Information on the 11th, the retail price of chicken per kilogram as of the previous day was 6,364 won, which is a 12.0% increase compared to 5,682 won on July 11 last year. Last month, the retail price per kilogram of chicken was 6,439 won, maintaining a level 12.6% higher than the same month last year (5,719 won). The wholesale price last month was 3,954 won per kilogram, up 13.7% from 3,477 won in the same month last year.

On the 10th, a day before Chobok, an employee is carrying Samgyetang at a Samgyetang restaurant in Jongno-gu, Seoul. Photo by Jinhyung Kang aymsdream@

As chicken prices rise, dining out costs are also increasing. According to the Korea Consumer Agency's comprehensive price information portal, Chamgagaek, the average price of Samgyetang at restaurants in Seoul in May was 16,423 won, a 12.7% increase compared to 14,577 won in the same month last year. Chicken prices also entered the "30,000 won chicken era" as Kyochon F&B raised consumer prices by up to 3,000 won starting in April.

This year, the Ministry of Agriculture, Food and Rural Affairs analyzes that the recent rise in chicken prices is due to a decrease in the number of chickens raised by poultry farms caused by increased production costs such as feed, labor, and logistics. The Ministry stated, "The overall reduction in breeding scale by operators due to rising production costs, along with decreased productivity of parent stock, has significantly reduced broiler supply."

The price of duck meat, another ingredient for health foods, has also increased compared to a year ago. The average wholesale price per kilogram of duck (sizes 20?26) as of the previous day was 6,603 won, a 34.4% increase compared to 4,914 won a year ago, and 28.8% higher than 5,126 won on the day before Chobok last year.

Meanwhile, as supply shortages of key summer health food ingredients continue with the arrival of Chobok, the government has also taken measures. The Ministry of Economy and Finance decided to lower the tariff rate on chicken starting from the 1st to prepare for supply and demand instability. With this measure, chicken, which was subject to a basic tariff rate of 20?30%, will be subject to a 0% tariff rate on 30,000 tons until the end of the year.

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