Egg prices rise again due to bird flu outbreak in Spain, US
[THE INVESTOR] Prices of eggs are on the rise again recently as imports of chickens were halted from the US and Spain due to outbreak of bird flu there, industry sources said on April 20.
Prices of chickens and eggs surged to the highest level in recent months in three decades as more than 33 million chickens were culled following the nationwide outbreak of avian influenza late last year.
The prices had fallen briefly with the import of chickens and eggs from the US and Spain, but began moving up again. The retail price for a carton of 30 eggs rose to 7,696 won (US$6.70) as of April 19, up from 7,311 won a month earlier and 5,350 won from a year earlier, according to the Korea Agro-Fisheries & Food Trade Corp.
By Alex Lee and newswires (email@example.com)