Egg prices 'expected to soar' in Japan after record cull of 10 million birds | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Japan has culled just under 10 million birds as it confronts a massive outbreak of avian flu, which is threatening to put further strain on poultry supply and increase the price of eggs.

In a statement Tuesday, the agriculture ministry said 9.98 million animals had been killed this season, surpassing a previous record of 9.87 million that were slaughtered in fiscal 2020, during a previous bird flu crisis. The latest cull included mostly chickens, as well as small numbers of ducks and ostriches, a ministry official told CNN on Wednesday. The National Federation of Agricultural Cooperative Associations, known as Zen-Noh, gave a higher tally, saying approximately 10.

This year, US egg supplies will “remain constrained” through the first quarter, though flocks are expected to start repopulating faster as bird flu risks are contained, according to a 2023 outlook report by Rabobank. In Japan, wholesale prices for eggs reached a record high last month as shipments dropped, according to public broadcaster NHK. Higher feed costs for hens and the avian flu are worsening the outlook, it reported, citing comments from the agriculture ministry.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Avian flu? Not again please! 🙄

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business News - Latest Headlines on CNN Business | CNN BusinessView the latest business news about the world’s top companies, and explore articles on global markets, finance, tech, and the innovations driving us forward. Great, now all I need is some money to dump into a 401k Good news for you people who don't need money before age 73. The Federal match is unconstitutional: it is illegal to take after-tax govt revenue and incentive a tax-deferred account that is 100% taxed on distributions. Why force 401ks by making it automatic? It has penalties, restricts choices, and 100% of each $1 distribution is taxed!
Source: CNN - 🏆 4. / 95 Read more »

Nurses from New York City hospitals set to strike as contract negotiations fail | CNN BusinessNegotiations aimed at averting a nurses strike at two major New York City hospitals went past a midnight deadline with a walk-out by 7,000 nurses looming as soon as 6 a.m. ET Monday. More natural selection, if nurses don't work. Is that good or bad? Maybe they should have a dance off? They might have more nurses if they hadn’t forced them all to get the Covid “vaccine”!!!
Source: CNN - 🏆 4. / 95 Read more »

This giant economy wants its workers to get inflation-busting pay rises | CNN BusinessJapan is grappling with a record drop in salaries, even as inflation continues to soar.
Source: cnni - 🏆 326. / 59 Read more »

Vince McMahon returns to WWE as a board member | CNN BusinessFormer World Wrestling Entertainment chief executive Vince McMahon is returning to the company as a board member, after a six-month hiatus following a hush money and sexual harassment scandal. MohammadGhobadlou and MohammadBroghani were transferred to solitary confinement to carry out the death sentence. Tomorrow is late. Say their names 🙏 What lack of accountability looks like. WTH is wrong with people This is wrong as wrong can be
Source: cnni - 🏆 326. / 59 Read more »