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

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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.

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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