Government Urges Industry to Actively Expand Supply, Including Rapid Broiler Imports, to Stabilize Chicken Prices

The government urged poultry companies to actively expand supply by swiftly importing breeding stock and adding more chicks.

On the 25th, the Ministry of Agriculture, Food and Rural Affairs held a consultation meeting with poultry company officials to review the chicken supply situation and discuss measures to increase supply.

The meeting was attended by 15 people, including government officials from the Ministry and the Rural Economics Institute Observation Center, as well as executives in charge of breeding from eight poultry companies such as Harim, Dongwoo Farm to Table, and Sajo Won, which account for about 70% of annual production.

According to the Ministry, after reviewing the chicken supply trends, productivity of broiler breeding stock has recovered, and broilers produced from imported hatching eggs have been supplied, resulting in 4.21 million broilers supplied since the 10th; however, supply shortages have not been fully resolved, keeping prices higher than last year.

The Ministry checked the additional chick stocking status of poultry companies that received support for hatching egg imports and stocking funds, and requested their cooperation to expand supply.

Regarding future supply forecasts and plans to increase supply, major poultry company officials participating in the meeting agreed that although chicken supply has recently been recovering, they will actively cooperate to expand supply, including additional chick stocking, to stabilize supply early.

Kim Jeong-wook, Director of Livestock Policy at the Ministry of Agriculture, Food and Rural Affairs, who presided over the meeting, said, "Since there is concern about supply disruptions in case of an outbreak of highly pathogenic avian influenza domestically, each poultry company should strengthen quarantine measures and actively work to expand chicken supply, including the swift import of breeding stock."

(Photo) [Image source=Yonhap News]

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