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Price of chicken eggs goes up 3 sen

by 5m Editor
10 April 2007, at 9:35am

JOHOR BARU: The retail price of chicken eggs has increased by three sen to 25 sen each effective yesterday following the rise in chicken feed costs and a bid to stanch losses from a glut.

The ex-farm price of chicken eggs is now 21 sen while the wholesale price is 23 sen.

Federation of Poultry and Livestock Farmers Association chairman (broiler unit) Lim Yeow Her said the retail price of eggs had plunged from an all-time high of 30 sen each in January to 22 sen in the middle of last month.

He attributed the drastic price drop to sluggish demand after the festive season, coupled with a glut in supply.

"Farmers have been suffering in silence as they have to bear escalating costs in chicken feed such as corn and soya since last year. "It is difficult to make ends meet after counting the cost of chicken feed and labour.

"The only way out is to sell chicken as meat. This has successfully restored the price of eggs."

Early this month, poultry farmers sold 15 per cent of their chicken stock.

Source: New Straits Times

5m Editor