The first shipment of Australian eggs has reached the South Korean market.
South Korea lifted its import tariffs on eggs earlier this year after the country culled more than 30 million birds to battle bird flu. Industry figures suggest that South Korea is in need of 180 million eggs per week.
The South Korean government has applied a Tariff Rate Quota (TRQ) of 35,000MT with a zero tariff on eggs until at least June 30, 2017. The temporary measures will enable shell egg exports to enter the Korean market quickly.
It opened the gates for Australian egg farmers. With the $700 million Australian egg industry to the rescue, South Koreans don’t have to worry about the shortage of egg supply for at least the next few months.