South Korea plans to import 24 million eggs after the Lunar New Year holiday, set for Feb. 11-14, in a bid to stabilize bird flu-induced surge of prices and ease a potential shortage.
The outbreak of avian influenza pushed egg prices by 15.2 percent on-year in January, the fastest since March last year.
Bird flu has ravaged South Korea's chicken farms since November last year. To ease a shortage of supply, South Korea temporarily removed tariffs on imported egg products on Jan. 28.
Consequently, local firms would be allowed to import 50,000 tons of fresh eggs and seven other kinds of egg products tariff-free until June 30.
South Korea recently confirmed another case of H5N8 strain of avian influenza in poultry to bring the total cases to 85.
The latest case from a duck farm in Chungju, which was raising 7,000 birds. All poultry within a 3-kilometer radius of the farm were culled.


Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Thailand Inflation Remains Negative for 10th Straight Month in January
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 



