• 2025.12.08 (Mon)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Column
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • Photo News
  • New Book Guide
MENU
 
Home > Business

Relentless Rise in Egg Prices: Senate to Summon Sedeco

Eugenio Rodolfo Sanabria Reporter / Updated : 2025-03-21 17:29:06
  • -
  • +
  • Print

With less than a month left until Easter, egg prices in some supermarkets remain at exorbitantly high levels without apparent justification. In response, the Senate plans to summon officials from Sedeco (Consumer Protection Secretariat).

Senate President Basilio Núñez suggested that they should stop mutual recriminations and fighting, forget the past, and focus on issues that are important to citizens.

"We will summon Sedeco on Monday to investigate the reasons for the relentless rise in prices of essential goods such as eggs and milk," Núñez announced at a press conference on Thursday.

When asked what solutions Sedeco could offer in a situation where the laws of free supply and demand apply, making price regulation impossible, Núñez replied that at least controls should be implemented to verify whether there is justification for the high prices, or whether they are simply inflated due to the approach of Easter.

"I believe this is excessive, and it is an abuse to victimize the powerless. Capuchones and other groups should step up and work to lower prices through dialogue, not coercion," he opined.

Despite a 25% reduction in egg production at the beginning of the year due to high temperatures, the current supply of eggs is sufficient to meet demand.

Néstor Sarsa, president of Avipar, stated that the current prices, ranging from 30,000 to 43,000 guaraníes, will be maintained until Easter, meaning there will be no further increases beyond this already elevated ceiling.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #글로벌이코노믹타임즈
  • #한국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #mykorea
  • #newsk
  • #nammidonganews
  • #singaporenewsk
Eugenio Rodolfo Sanabria Reporter
Eugenio Rodolfo Sanabria Reporter

Popular articles

  • The $30 Mug That Brewed Chaos: Starbucks’ Bearista Cold Cup Sparks Fights and Resale Frenzy

  • Poll Reveals Mixed Japanese Reaction to PM Takaichi’s Taiwan Intervention Remarks

  • Firefly Aerospace Stock Soars on Surprise Q3 Beat and Raised Guidance 

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065601718925983 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Prolonged Sino-Japanese Tensions: Chinese Airlines Extend Free Flight Cancellation for Japan
  • Elderly American Cashier Receives $1.7 Million Social Media Windfall
  • KOREAN AMERICAN ASTRONAUT JOHNNY KIM RETURNS AFTER EPIC 245-DAY SPACE MISSION
  • JAPAN’S RISING PREDICAMENT: RECORD BEAR ATTACKS STRIKE FEAR ACROSS NATION
  • Trump NSS Declares Europe Faces 'Civilizational Erasure,' Vows to Aid Anti-Immigration Right-Wing Parties
  • Meta's Strategic U-Turn: The AI Race Re-Elevates Real-Time News

Most Viewed

1
Korean War Ally, Reborn as an 'Economic Alliance' Across 70 Years: Chuncheon's 'Path of Reciprocity,' a Strategic
2
A Garden Where the City's Rhythm Stops: Dongdaemun's 'Cherry Garden', Cooking Consideration and Diversity
3
The Sudden Halt of Ayumi Hamasaki's Shanghai Concert: Unpacking the Rising Sino-Japanese Tensions
4
Farewell to a Legend: South Korea Mourns the Passing of Esteemed Actor Lee Soon-jae
5
Poll Reveals Mixed Japanese Reaction to PM Takaichi’s Taiwan Intervention Remarks
광고문의
임시1
임시3
임시2

Hot Issue

Sino-Japanese Conflict Escalates to Military Friction, Threatening Northeast Asia Stability

EU Unveils €90 Billion Ukraine Aid Plan Backed by Frozen Russian Assets

Seoul's 'Insane Rent' Warning: Why $30,000 Monthly Rent is a Looming Threat Residential Crisis Deepens as Tourist Housing Conversion Hits Supply

Seo Min-kyu Wins Gold at Junior Grand Prix Final... First Korean Since Kim Yuna 20 Years Ago

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Column 
    • 전체
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers