In order to fill the shortage of eggs created by the 2016 bird flu outbreak, Australia has begun exporting fresh eggs to South Korea. As of Monday the 13th of February, the first lot of Australian eggs were available for South Korean consumer market.
In the winter of 2016, South Korea was forced to cull 22.5 million poultry to contain the worst epidemic of bird flu in recent history. At that time 15% of it's poultry stock was slaughtered, with plans to continue to cull.
Because of this outbreak, South Korea's agricultural ministry had looked to import eggs from the US, Spain and New Zealand, however with the demand of 180 million eggs per week, market access protocols were provided to allow zero-tariff importation of Australian eggs to South Korea.
The South Korean Government Tariff Rate Quota of 35,000MT with a zero tariff on eggs will last until at least the 30th June, 2017, to allow egg exports into the Korean Market as quickly as possible.
The agreement is a considerable win for the Australian egg industry, estimated in the previous financial year at $759.6 million, which is expected to grow substantially in the next couple of years.
Source: Department of Agriculture and Water Resources