With the outbreak of avian influenza in Brazil, which accounts for about 90% of domestic chicken imports, imports of Brazilian chicken have been banned, causing stock prices of chicken-related companies to surge.
As of 9:21 a.m. on the 19th, MANIKER shares are trading at 1,069 won, up 215 won (25.18%) compared to the previous trading day on the securities market. At the same time, its subsidiary Maniker F&G also recorded an increase of over 9% in the KOSDAQ market.
Other poultry stocks, including Harim (9.39%) and Harim Holdings (7.1%), are also seeing a surge in stock prices in the KOSDAQ market.
The fact that avian influenza occurred in Brazil, the world's largest exporter of chicken, has led to speculation that chicken prices will rise significantly, prompting buying pressure on related stocks.
Earlier, the Ministry of Agriculture, Food and Rural Affairs announced on the 18th that imports of Brazilian poultry and poultry products would be banned starting from shipments on the 15th due to the outbreak of avian influenza in Brazil.