• 2026.07.22 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
fashionrunwayshow2026
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • 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 Hidden Link: Indian Ocean 'Rossby Waves' Behind Yangtze River’s Biennial Floods

  • K-Beauty Sets Its Sights on Southeast Asia: A Market Projected to Reach $11.1 Billion by 2035

  • International Oil Prices Hit Four-Month Low as Shipping Resumes in Strait of Hormuz

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

Comments 0

Weekly Hot Issue

  • KCCI Jeju Forum Opens: Chairman Chey Tae-won Urges Businesses to Catch the AI Wave Before It Becomes an Insurmountable Wall
  • AI Drones Take to the Skies in Revolutionary Hunt for Mosquitoes
  • The Gopher Miracle: How a 24-Hour Experiment Transformed a Volcanic Wasteland into a Lush Forest
  • Hyundai Motor Group to Acquire 100% Stake in Boston Dynamics, Accelerating Humanoid and Physical AI Commercialization
  • South Korea to Tighten Rules on Single-Stock Leveraged Products; Minimum Deposit Raised to 30 Million Won
  • TSMC Hits Record $40 Billion in Q2 Revenue Amid AI Boom, Pledges Additional $100 Billion for US Expansion

Most Viewed

1
Foreign Investors Return But Sell Off 'Samsung & Hynix' as Price Target Cuts Fuel KOSPI Peak Concerns
2
[Special Feature] Laying the Foundation for Korea's Informatization: Looking Back at the 1st Administrative Computer Network Project - Part 1
3
Baek Geum-ja Wooriot to Host 'Musical Costume Fashion Gala Show' at DDP
4
Samsung Electronics Surpasses NVIDIA to Become Global Leader in Quarterly Operating Profit
5
Hanwha Aerospace Forges Alliance with 49 Partners to Boost South Korea's Aviation Engine Ecosystem
광고문의
임시1
임시3
임시2

Hot Issue

OpenAI Rebounds in Secondary Market as Valuation Surges 20% in Three Months

South Korea to Tighten Rules on Single-Stock Leveraged Products; Minimum Deposit Raised to 30 Million Won

KCCI Jeju Forum Opens: Chairman Chey Tae-won Urges Businesses to Catch the AI Wave Before It Becomes an Insurmountable Wall

Hyundai Motor Group to Acquire 100% Stake in Boston Dynamics, Accelerating Humanoid and Physical AI Commercialization

Fashion Runway Show 2026

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
  • 향기네무료급식
  • BCB부천방송
  • 반달곰 프로젝트
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 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers