1Major suppliers like Harim raised chicken prices, alarming grocery shoppers.
2Retail chicken prices hit a 33-month high, increasing the burden on consumers.
3High feed costs and avian influenza outbreaks are the main causes of the spike.
📖 Easy Explanation
🔍 Background
Surprised by chicken prices at the mart lately? Rising global grain prices have made feed more expensive, and winter avian diseases have disrupted chicken supplies, causing prices to soar.
📌 Key Points
Harim and Maniker, Korea's largest chicken suppliers, have consecutively raised the prices they charge to supermarkets. As a result, the retail price of chicken has reached its highest level in 2 years and 9 months.
💡 Why It Matters
The rising cost of ingredients for home-cooked meals like Samgyetang is a concern. Furthermore, higher raw chicken prices could drive up the cost of dining out, such as fried chicken, increasing food expenses.
📚 Glossary
공급가 (Gonggeupga)The wholesale price set by manufacturers or distributors when supplying goods to retail stores like supermarkets.
소매가 (Somaega)The retail price that general consumers actually pay when buying goods at markets or grocery stores.
조류인플루엔자(AI) (Joryuinpeulluenja)Avian influenza, a contagious viral disease affecting birds like chickens and ducks, often causing mass culling.