"Eggflation" resurfaces in South Korea as people start "egg price comparison" mode

Golden Ten Data reported on June 25 that egg prices in South Korea have risen significantly recently, and the term "eggflation" has reappeared in South Korean media. To address the issue of reduced domestic supply, the South Korean government is increasing imports, while citizens are actively comparing prices to find eggs. According to South Korean media, which cited data from the Korea Institute for Animal Products Quality Evaluation and the Ministry of Agriculture, Food and Rural Affairs, as of mid-June, the retail price for a box of 30 eggs in South Korea was 7,506 won (1,000 won is about 4.4 yuan), up 7.1% year-on-year. The average retail price for a box of 10 premium eggs rose to 5,229 won this month, surpassing 5,000 won for the first time, up 16.7% from May and nearly 39% higher compared to the same period last year. In addition, the average daily supply of eggs in South Korea this month is 47.05 million, a decrease of 3.3% year-on-year.