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Poultry body plans floor price for egg export

by 5m Editor
20 December 2005, at 12:00am

INDIA - Along with the booming export trade, table egg shippers from Namakkal are also encountering the problem of price undercutting by some unscrupulous elements to win temporary gains in the market. To counter this, the Namakkal-based All-India Poultry Products Exporters Association (APPEA) is contemplating introducing floor price for export of table eggs. As part of the export trade regulation within the sector, APPEA is also planning to evolve a credit control mechanism which will hand out a definite payment terms by insisting on either the &quot;cash against delivery&quot; or the letter of credit routes for egg exports, said P. Valsan, Secretary, APPEA. Valsan told Business Line that the proposed floor price for export would be based on the existing farm-gate formula adopted by the National Egg Coordination Committee in the Namakkal zone for the domestic market. <i>Source: sify.com</i>

5m Editor