Concerns Over Avian Influenza (AI) Spread... 1.12 Million Fresh Eggs to Be Imported Starting January Next Year
15th 5th Price-Related Vice Ministers' Meeting
The government has decided to import 1.12 million fresh eggs (approximately 67 tons) starting from January next year. This measure aims to address the price uncertainties of agricultural and livestock products caused by the spread of highly pathogenic avian influenza (AI).
According to the Ministry of Economy and Finance on the 15th, Kim Byung-hwan, the First Vice Minister of the Ministry, held the 5th Vice Ministerial Meeting on Price Relations at 9 a.m. at the Korea Agro-Fisheries & Food Trade Corporation (aT) Center in Seoul, focusing on managing the supply and demand of eggs and chicken due to the AI outbreak.
To respond to uncertainties depending on the future spread of AI, the government decided to immediately begin import procedures to bring 1.12 million fresh eggs (about 67 tons) into the country starting in January. Additionally, 30,000 tons of chicken under the additional tariff quota will be swiftly imported within the first quarter of next year.
At the meeting, aT officials attended and reported on the recent supply and demand situation of agricultural products. They explained that while overall vegetable prices remain stable in December due to favorable weather conditions, prices of fruits such as apples, pears, citrus, and strawberries, which had poor harvests this year, continue to show strength.
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Accordingly, the government plans to continue providing discount support for agricultural, livestock, and fishery products, including fruits like apples and pears that are showing strong prices, by utilizing 24.8 billion won in contingency funds approved at the Cabinet meeting on the 12th. Following the import of 18,000 tons of tariff quota for three imported fruits?bananas, grapefruits, and mangoes?the government will also strive to import additional quantities by the end of the year to fully manage agricultural product prices.
According to the Consumer Price Trends by Statistics Korea, the index rose to 108.29, an increase of 2.6% compared to one year ago. Agricultural, livestock, and fishery products increased by 7.8%. Eggs saw a significant rise of 54.6%. Eggs are being sold at a large supermarket in Seoul. Photo by Mun Ho-nam munonam@
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